This is your essential guide to selling Bitcoin Cash.
This article focuses on selling Bitcoin Cash into local currency. For details on selling Bitcoin Cash into other cryptocurrencies, please see our article "How does bitcoin exchange work?"

Overview of the two main options for selling Bitcoin Cash

Your two main options for selling Bitcoin Cash into local currency are:

1. Using an exchange service

   An exchange service is a regulated business that interacts with the traditional banking system. An exchange service may take the form of a simple website with limited crypto asset exchange functionality, a digital wallet with banking connections, or a full-service cryptocurrency exchange with order book, market makers, etc.

2. Selling peer-to-peer

   When you sell peer-to-peer, you can bypass the traditional banking system to a certain extent by, for example, taking payment in cash, using a payment app like PayPal, or settling the transaction with goods or services. There are a number of platforms that act as a matchmaking service, helping sellers find buyers and vice versa. Buyers and sellers then negotiate trades on a peer-to-peer basis.

Pros and Cons of selling Bitcoin Cash using an exchange service

Exchange services can be divided into two groups: 1) simple exchange, and 2) full-service exchange.

1. Simple exchange services

(eg. the superex.com Wallet, the superex.com Sell website)

Advantages

• Fast, easy, and convenient
• Guaranteed at or close-to market rates for sells
• Can sell any amount
• Non-custodial (you hold your Bitcoin Cash until the moment you sell it)

Disadvantages

• Requires identity verification
• Not available in all regions
• payments made to bank accounts only

2. Full-service cryptocurrency exchanges

Advantages

• Can set "limit" sells, thereby guaranteeing your specified rate
• Can sell any amount

Disadvantages

• Requires identity verification
• Not available in all regions
• payments made to bank accounts only
• Relatively difficult to use (ie. setting sell orders, understanding order books)
• Custodial (the exchange holds your Bitcoin Cash before you can sell it, meaning you're exposed to counterparty risk while waiting to sell)

Pros and cons of selling Bitcoin Cash peer-to-peer

(eg. to your friend or using peer-to-peer Bitcoin Cash trading website.)

Advantages

• For small amounts, no identity verification is required
• Any payment method is possible (including cash, payment app, barter, services, etc.)
• Self-custodial (you hold your Bitcoin Cash until the moment you sell it)

Disadvantages

• Less convenient (you must manually create and negotiate sell orders)
• Generally only legal to sell small amounts

How to sell Bitcoin Cash using an exchange service

superex.com's recommended options for selling Bitcoin Cash using an exchange service are:

1. Selling Bitcoin Cash with the superex.com Wallet.
2. Selling Bitcoin Cash on the superex.com website.
3. Selling Bitcoin Cash on a centralized cryptocurrency exchange, like Coinbase.

1. Selling Bitcoin Cash with the superex.com Wallet app

With this method, if you're in a supported region, you can sell any amount of Bitcoin Cash (BCH) in your Wallet directly to cash. The cash will then be deposited in your bank account. Here's how it works:

1. On the app's home screen, tap the "SELL" button.
2. If you haven't done so already, follow the instructions to connect your bank account.
3. Select the amount you'd like to sell (You can input the amount in either local currency terms or in Bitcoin Cash (BCH) terms).
4. Confirm the transaction.

Note: Once you've sold, it typically takes between 1-3 working days to receive the funds in your bank account.

2. Selling Bitcoin Cash using a brokerage

In the context of cryptocurrency, a brokerage is a platform that allows individuals to buy or sell Bitcoin Cash alongside other financial assets. These platforms act as intermediaries between buyers and sellers, offering a diverse range of services that extend well beyond the crypto realm, including access to stocks, commodities, and more.

3. Selling Bitcoin Cash on the superex.com website

With this method, if you're in a supported region, you can send the Bitcoin Cash (BCH) you'd like to sell to a specified Bitcoin Cash address. After the sale is processed, you'll receive local currency in your bank account. Here's how it works:

1. Visit our official Sell Bitcoin page.

2. Select Bitcoin Cash (BCH).

3. Choose the currency you'd like to receive, and enter the amount (either in local currency terms or Bitcoin Cash terms).

4. Carefully review the order, then add your wallet address and click Continue.*

   *The wallet address you provide will be used as the return address in the (very unlikely) event the transaction doesn't go through.

5. Complete the sale process by entering your bank details and sending your Bitcoin Cash to the address provided.

Note: Once you've sold. it typically takes between 1-3 working days to receive the funds in your bank account.

4. Selling Bitcoin Cash on a centralized cryptocurrency exchange

With this method, you'll need to create an account, verify your identity, and connect your bank account. Once you've sold your Bitcoin Cash into local currency, you can withdraw that currency to your bank account. The typical flow is as follows:

1. Visit a cryptocurrency exchange, like Coinbase, or check out this list of top exchanges.
2. Create an account and verify your identity as required.
3. Follow the website’s instructions to sell your Bitcoin Cash (BCH) or other crypto-asset into the currency of your choice.
4. Withdraw the funds to your bank account.

Note that each centralized cryptocurrency exchange can only provide its services to people in specified regions.

5. Selling Bitcoin Cash on a peer-to-peer trading platform

Selling Bitcoin Cash (BCH) on a peer-to-peer (P2P) trading platform is a distinct approach that allows individuals to trade directly with one another, bypassing traditional centralized exchanges. On a P2P platform, sellers have the freedom to set their own prices and choose their preferred payment methods, ranging from bank transfers and digital wallets to cash payments. This method of selling is especially popular among those seeking more privacy and control over their transactions. The process typically involves listing the BCH for sale, waiting for a buyer to respond, and then conducting the transaction. To ensure security and trust, P2P platforms often provide an escrow service where the BCH is temporarily held until both parties confirm that the transaction is complete. This system not only allows for a more personalized trading experience but also opens up opportunities for sellers to engage with a diverse range of buyers from different geographical locations, making it a flexible and potentially lucrative way to trade Bitcoin Cash.

Trading Bitcoin Cash (BCH) or any cryptocurrency via peer-to-peer (P2P) platforms comes with several risks and potential legal issues that participants should be aware of:

Risks

• Fraud and Scams: P2P platforms may expose users to fraudulent activities. Scammers may pose as legitimate traders to steal funds or personal information. Always verify the credibility of traders and be cautious of deals that seem too good to be true. Learn how to avoid crypto fraud.

• Price Volatility: Cryptocurrencies, including BCH, are known for their high volatility. Prices can fluctuate widely in a short period, which could lead to significant financial losses.

• Cybersecurity Threats: Trading on online platforms exposes users to cybersecurity risks like hacking and phishing attacks. It's crucial to use secure internet connections and reputable platforms. Learn more about common crypto scams and threats.

• Lack of Regulation: Many P2P platforms operate with minimal regulatory oversight, which could mean fewer protections for users compared to traditional financial institutions.

Legal Issues

• Money Transmitter Laws: In certain jurisdictions, frequent trading on P2P platforms could classify a trader as a money transmitter, which requires specific licensing and compliance measures.

• Jurisdictional Variations: The legality of cryptocurrency trading can vary significantly from one country to another. Some countries have strict regulations or outright bans on cryptocurrency use.