This handy guide will outline how to sell Bitcoin (BTC) but also applies to all our other available cryptocurrency/AUD combinations on our new beta trading platform.
Please note: You will need a fully verified and funded BTC Markets account to use the Simple Trade product. To learn how to deposit funds to your account, please see our how to deposit help article.
1. Navigate to Simple Trade
Sign in to your account and click on the “New experience beta” button in the top nav bar. You will then be taken to the Dashboard screen. Click the Trade button located in the top right-hand corner.
Select the Sell Tab. Alternatively, select Simple Trade from the left-hand side menu and click on the Sell Tab.
2. Choose your Asset
Select the asset that you want to sell from the drop-down menu, located below the Buy/Sell tabs. Bitcoin is the default asset selected.
Alternatively, search the list of Available assets, or the current 10 most popular assets on the platform on the right-hand side of Simple Trade screen.
Please note: This trading platform is currently in its Beta phase. We are working on adding more assets available for Simple Trades in the near future.
In the meantime, if you are looking to trade assets not currently available on Simple Trade, please complete your trade on the exchange.
3. Enter how much you want to sell
In the Sell input field, enter the amount of cryptocurrency you want to sell for Australian Dollars (AUD).
This amount will be deducted from your Asset balance upon the completion of your trade.
The Asset balance shows the total amount of the selected asset you have available to sell in your account.
Sell all: Instead of entering in a specific amount of cryptocurrency to sell in the trade, the Sell all option enables you to sell the total amount of the selected asset that is currently available in your account instead.
You’ll be able to preview the approximate amount of AUD you’re set to receive upon completion of the trade in the You’ll receive box.
This figure is only an estimate at this point because the quote price might change by the time that you progress to review and confirm the trade.
Click the Review sell button to proceed to the final confirmation page.
Please note: There are minimum and maximum trade amounts for the Simple Trade feature.
4. Review and Confirm your Trade
From here you can review the key components of your trade, such as the asset being sold, the quote price of the asset, how much of it you are selling and how much AUD you are set to receive.
If you would like to proceed with your trade, click the Confirm buy button to execute the trade.
Congratulations, you have now completed your first Simple Sell.
Click Trade again to return to the Simple Trade Sell screen, to trade again.
Alternatively click Go to Dashboard, to view your updated crypto/cash holding balances.
Important
Please note that in some cases, an order submission may not automatically result in a successful sale.
If you encounter any issues while completing a trade, please raise a support ticket.
Following the trade, if you wish to withdraw your AUD funds back to your bank account, please select the Withdraw option from the left-hand side menu.
See our help article for further assistance: How to Withdraw AUD