Coinomi is a cryptocurrency wallet that allows you to store and manage your digital assets. It also provides a seamless way to sell bitcoin and other cryptocurrencies. In this article, we will walk you through the process of selling bitcoin on Coinomi.
Step 1: Open the Coinomi wallet
To sell bitcoin on Coinomi, the first step is to open the wallet on your device. If you don’t have the Coinomi wallet installed on your device, you can download it from the Google Play Store or Apple App Store.
Step 2: Select the bitcoin wallet
Once you have opened the wallet, you will see a list of cryptocurrencies that you have in your Coinomi account. Find the bitcoin wallet and select it to proceed.
Step 3: Click on the sell button
After selecting the bitcoin wallet, you will see a menu with different options. Look for the “Sell” button and click on it.
Step 4: Choose a payment method
In the next step, you will be asked to choose a payment method. Coinomi supports different payment methods, including bank transfer, credit card, and PayPal. Choose the payment method that you prefer.
Step 5: Enter the amount to sell
After choosing a payment method, you will be prompted to enter the amount of bitcoin you want to sell. Make sure to double-check the amount before proceeding.
Step 6: Enter your personal details
Coinomi requires some personal details to complete the transaction. You will need to provide your name, email address, and a valid ID card. This is to ensure that the transaction is legitimate and protect users from fraud.
Step 7: Review and confirm the transaction
After entering your personal details, you will be shown a summary of the transaction. Carefully review the details to make sure everything is correct. If everything looks good, click on the “Confirm” button to proceed.
Step 8: Receive the payment
Once the transaction is confirmed, you will receive the payment in your chosen payment method. The time it takes to receive the payment may vary depending on the payment method you chose.
Conclusion
Selling bitcoin on Coinomi is a straightforward process that can be completed in a few simple steps. The process is secure, and Coinomi ensures that all transactions are legitimate and protected from fraud. If you are looking to sell your bitcoin, Coinomi is a great option to consider.