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The best way to sell bitcoin in the USA

By Konrad Fitzpatrick

/ 2024-07-04

American citizens in all 50 states can now sell bitcoin directly from self custody with their Bitcoin Well account. You can now send bitcoin from self custody and receive dollars in your bank the same day. 

The problem with selling bitcoin

In the past, Americans only had the choice to sell bitcoin through custodial exchange solutions. Regardless of how much American Bitcoiners yearned to self-custody all of their bitcoin to maximize their independence, they have had to compromise and take the risk of leaving some bitcoin on an exchange to sell it for dollars. 

Now American Bitcoiners have a better option. 

Why selling bitcoin at Bitcoin Well is different

We set out to give our customers maximum independence, and we are focused on making bitcoin in self custody as easy to use as money in your bank. As a result, selling bitcoin on Bitcoin Well looks different than any other platform you have used before. This is because you can sell bitcoin directly from self custody and receive dollars directly into your bank. 

With our Auto Convert bitcoin addresses we instantly convert the bitcoin into dollars. There is no need to pre-fund a custodial account, and the money doesn’t end up in a balance on the platform (both of which are outside of your control and exposed to the practices of the custodial platform you would otherwise be using). 

The way it works is simple:

  • Go to Sell bitcoin and receive your Auto Convert bitcoin address
  • Send bitcoin to that address
Konrad Fitzpatrick

Konrad Fitzpatrick

Konrad has been a Bitcoin Analyst since 2018 leveraging an economics background to deliver unique insights on Bitcoin, product, bitcoin mining, and macro-economics.