Sell Bitcoin. Get USD. Withdraw Your Way.

Sell BTC for USD. Withdraw when you need

Bitcoin gives you the flexibility to buy, hold, send, receive, spend, or convert your BTC when you need to. When you want to turn Bitcoin into dollars, selling BTC converts your Bitcoin into USD that can then be withdrawn through an eligible payment method. 

With Speed Wallet, you can sell BTC for USD, review the applicable fees and payment details before confirming, and withdraw your available USD to an eligible bank account or debit card. This brings the Bitcoin-to-USD conversion and withdrawal process together in a single wallet.

What happens when you sell Bitcoin?

When you sell Bitcoin, in Speed Wallet's the conversion is BTC to USD. The process can be understood in two stages:

Sell: BTC → USD

Withdraw: USD → Bank account or debit card

That distinction is necessary because selling Bitcoin and withdrawing money are two separate actions. When you sell BTC, the resulting USD can remain in the wallet or can be withdrawn. When you withdraw, the USD moves from your wallet to an eligible external payment method.

This makes the overall process easier to understand:

Bitcoin → USD → Your eligible bank account or debit card

Sell Bitcoin vs. Withdraw USD

The terms sell, and withdraw are often used interchangeably, but they describe different aspects of the process.

You first convert the Bitcoin to USD. You then withdraw the available USD to an eligible destination if you need.

How to sell Bitcoin with Speed Wallet

Speed Wallet's selling process is created around the conversion of Bitcoin to USD and the withdrawal of that USD.

Step 1: Select your Bitcoin balance

Start by selecting the Bitcoin balance you want to sell. Then tap ‘Withdraw’ to begin the process of converting BTC to USD.

Step 2: Choose where to receive USD

Choose an eligible withdrawal destination.

Speed Wallet currently supports:

• Bank account

• Debit card

Withdrawal availability, limits and eligibility can vary based on your account and payment method.

Step 3: Enter how much Bitcoin you want to sell

Enter the amount of BTC you want to sell. The transfer shows the corresponding USD amount and applicable fees before you confirm. This lets you review the details before completing the sale.

You don't have to sell your entire Bitcoin balance. If you only need a specific amount of USD, you can sell the corresponding amount of BTC and keep your remaining Bitcoin in your wallet.

Step 4: Confirm and receive your USD 

Before confirming, review the details presented for the transaction, including:

• BTC amount

• USD amount

• Applicable Speed fees

• Processing fees

• Withdrawal destination

Once you've reviewed the details, confirm the transaction. The selected BTC balance is converted to USD and the available USD is withdrawn using the eligible payment method you selected.

See the process here: Sell Bitcoin & withdraw USD.

How much does it cost to sell Bitcoin?

Bitcoin fees depend on the service, transaction, account, payment method and other applicable factors.

With Speed Wallet, applicable Speed fees and processing fees are shown before you confirm the transaction. Fees vary from account to account and on the transaction and other applicable factors.

Before confirming the sale, review the transfer details shown to you.

You should check:

• How much BTC you're selling

• The USD amount

• Applicable Speed fees

• Processing fees

• Your selected withdrawal method

• Any applicable limits or eligibility requirements

Your bank or card provider may also apply its own fees or restrictions.

This makes the confirmation screen an important part of the selling process: it gives you the applicable transaction information before you complete the sale. See T&C here.

How long does it take to sell Bitcoin?

The time required depends on the withdrawal method opted.

Speed Wallet currently has:

• Card withdrawals- which are processed instantly.

• Bank withdrawals- which are processed during normal bank working hours.

Processing depends on the eligibility and availability of the selected payment method. It's therefore useful to distinguish between the Bitcoin-to-USD conversion and the USD withdrawal. The withdrawal payment option determines how the available USD is processed.

Which assets can you sell for USD?

Several other digital assets that can be converted to USD and withdrawn to an eligible bank account or debit card.

This means users holding supported assets have multiple routes to USD without necessarily first converting everything into Bitcoin.

What should you check before selling Bitcoin?

Before confirming the sale transaction, consider these practical details.

How much BTC do you want to sell?

Decide whether you want to sell your full balance or only a portion.

Where do you want your USD?

Confirm that your preferred bank account or debit card is eligible for the withdrawal.

Which fees apply?

Review the applicable Speed and processing fees displayed before confirming.

How quickly do you require the funds?

Card withdrawals are processed instantly, while bank withdrawals are processed during normal bank working hours.

Are you eligible to use the feature?

Speed Wallet's current terms state that the sell feature is available to users in the USA only. Account, withdrawal and payment-method eligibility can vary.

These details can change over time, so users should check the transaction screen and current terms when selling. See the Term & Conditions - here.

Why sell Bitcoin with Speed Wallet?

Turn your BTC into USD with an effortless selling experience built around flexibility and clarity.

• Convert with ease -  Move from Bitcoin to USD in a simple flow.

• Know the costs before you sell  - Review applicable fees before confirming.

• Choose your selling amount - convert as much or as little BTC as you need.

• Get your USD where you need it - Send available funds to an eligible bank account or debit card.

• Keep everything in one place - Manage your Bitcoin, USD, and other supported assets from the same wallet.

From buying Bitcoin to selling Bitcoin

Bitcoin can play different roles depending on what you require. You can buy Bitcoin, hold it in your wallet, send and receive BTC, spend it on supported services, or sell it for USD when you want to convert your Bitcoin into fiat.

With Speed Wallet, you can manage all these features from one place. Buy BTC when you want to add to your balance, send or receive Bitcoin when you need to move funds, spend it through supported services, or sell BTC for USD and withdraw the available funds to an eligible bank account or debit card.

Whether you're adding Bitcoin to your wallet or turning it back into USD, Speed Wallet gives you a single place to manage your Bitcoin and other assets like Stablecoins, Tether Gold (XAUT).

Buy, Send, Spend, Receive, or Sell Bitcoin with Speed Wallet.