How to Sell Crypto in Australia

When is the Ideal Time to Sell Crypto?

The best time to sell crypto isn’t easy to figure out. It depends on your financial circumstance, risk appetite, regulatory developments, profitable market rates, hype and what price you bought it. The regular trading strategy for maximising profits for most traders is to buy low and sell high. 

To figure out the best time to sell your digital coins, you need to analyse the market carefully and gain more trading experience. You’ll become better at maximising profits with time.

How to Convert Crypto to AUD

You can convert crypto to AUD using various methods such as through a crypto exchange, selling from your wallet address directly to a trusted friend , using Bitcoin ATMs, or using a peer to peer trading platform. If you stored your cryoto in a cryptocurrency exchange, you’ll find it easy to convert your crypto to AUD. Depending on the exchange you’re using, you may either sell through a web browser or their mobile app.

Here’s a step-by-step guide on how to convert crypto to AUD using CryptoWallet.com. You’ll need crypto loaded in your wallet to begin. 

• Create a CryptoWallet.com account and Log into your account.
• Go to the exchange section and choose the AUD trading pair you want to sell.
• Choose the currency you want to convert it to. In this scenario, select AUD
• Select the amount you want to sell. The exchange rate will be displayed on the screen.
• When you’re satisfied with the details, select “confirm transaction”. Your funds will arrive in your wallet.
• Withdraw to your bank account

How to Sell a Large Amount of Crypto

The best way to sell large amounts of crypto is through an OTC (over-the-counter) transaction. An OTC transaction occurs when a private buyer and private seller are connected by a broker to facilitate the trade. OTC brokers help high-volume traders buy or sell large crypto amounts by getting funds from liquidity providers who hold large amounts of cryptocurrencies.

Follow these steps to sell large crypto amounts using OTC trade

• Initiate your trade through a chat room or an OTC brokering platform. Before choosing an OTC broker, assess the minimum and maximum trade amount available, the transaction fees, the signup process, and available cryptocurrencies.
• Agree on the terms of the trade with the broker. This includes the amount of crypto you want to sell, when you want the sale to take place and your desired price. 
• Once you’ve agreed to the buyer’s terms, the buyer will send the agreed amount of AUD to you and you will send a similar amount of crypto coins or tokens to the buyer in exchange. In some circumstances, you might need to do KYC or due diligence on each other to meet legal regulations before trading.

How to Sell Crypto in Australia

Australia is considered to be a broadly crypto-friendly environment, with regulation and progressive policy about the emerging market being created as early as 2006. As such buying or selling crypto in Australia involves more or less all the regular industry-standard steps. So here, we will provide you with a brief guide to selling crypto, the registration process, and later provide you with a list of exchanges that are available to you.

Generally, speaking traders are going to look towards some kind of cryptocurrency exchange. When looking for an exchange, remember you need to find one that suits your specific needs. Different exchanges will offer different services and different rates, so take a look at the provided list to see which one best suits you. 

Once you’ve chosen an exchange, you will have to register on the platform. This process is often pretty straightforward and the website will guide you through the specifics. You will be required to provide information, including your name, address, some kind of confirmation of identity, as well as a few other pieces for KYC purposes. After a brief confirmation period, the platform will inform you that you are free to sell crypto at your leisure.

 Best Crypto Debit Card in Australia

When looking for a crypto debit card it is always wise to consider the specifics of your needs. Are you looking for good rates, something that’s easy to use and something you can use almost anywhere?

If all of this sounds like what’s best for you, then you might want to take a look at our very own CryptoWallet.com Debit Card.

For many, a crypto debit card represents one of the last major steps in cryptocurrency integration into people’s daily lives and CryptoWallet.com provides a debit card with some impressive benefits. One of the primary draws for users of CryptoWallet.com is its simplicity and ease of use, and thanks to a top-notch customer support staff, CryptoWallet.com is uniquely positioned to help you along your journey to using cryptocurrency in your daily life.

CryptoWallet.com has committed itself to make crypto easy and fast, and that ethos is reflected both in the debit card design and its straightforward registration process. So if you’re looking for something that’s easy to use and that offers support along the way, you might want to take a look at our very own Debit Card.