Navigating the world of cryptocurrencies can often feel like deciphering a new language. But when it comes to understanding how to sell crypto from a cold wallet, or more specifically, how to sell Bitcoin from a Trezor wallet or how to sell crypto from a Ledger, the process becomes much simpler.
This article is designed to guide you through these procedures, ensuring you have the knowledge to confidently manage your digital assets. We’ll also delve into the specifics of how to sell crypto on Ledger Live, providing a comprehensive guide for those who prefer this platform.
So, whether you’re a crypto enthusiast or a beginner, this guide will equip you with the necessary tools to navigate the crypto selling process with ease.
| Step | Summary |
|---|---|
| 📲 Install the necessary apps | Ensure that you have the required apps installed on your hardware wallet. For Ledger, you need the Bitcoin app and the Exchange app. For Trezor, you need the Bitcoin app. Connect your device to a computer or smartphone and visit the respective wallet manager pages to install these apps. |
| 💰 Open the sell tab | In Ledger Live, click on the “Buy/Sell” option in the left menu. Then, click on “Sell” at the top of the page. Select Bitcoin as the crypto asset you want to sell. Choose the accounts you wish to sell from and click “Continue”. Enter the amount of Bitcoin you want to sell and select the currency you want to receive. Review the quote provided and click “Sell Now”. |
| ✅ Confirm the order | If you are using Ledger, you will be prompted to log into your Coinify account or create a new one. Follow the necessary steps to complete the KYC process if required. Once you have logged in or created an account, agree to the terms and conditions and click the “Confirm Order” button. |
| 📤 Accept and send | Open the Exchange app on your Ledger device when prompted and scroll through the details until you see “Accept and Send”. If everything looks correct, press both buttons on your device to confirm the transaction. Return to the app and click “Close down and continue” to get your order summary. Check your email for updates from Coinify. |
| 💰 Open the sell tab | Visit the Trezor Wallet or Ledger and connect your hardware wallet. Once connected and unlocked, go to the Account page and open an account. Click on the green Trade button and then go to the Sell tab within the trade interface. Enter the necessary details and follow the prompts to complete the sale. |
What you'll learn 👉
How to sell Bitcoin with a hardware wallet?
There are various ways to sell the Bitcoins you hold in your hardware wallet.
The easiest ways include:
- send your coins to an exchange and sell them for fiat on their platform
- direct trade or perform a peer-to-peer transaction on some P2P marketplace.
- You can also withdraw fiat money by means of a Bitcoin ATM,
- or exchange Bitcoin in person.
Two of the most popular hardware wallets, Ledger and Trezor, also implemented a solution on their apps to sell coins directly from the wallet. Let’s look at how that works.
How to sell crypto directly from Ledger Nano?
You can buy and sell Bitcoin right from Ledger Live with Coinify. The application gives you Bitcoin price information. You can automatically convert your Bitcoin into fiat currency by selling them through your hardware wallet.
Install Exchange and Bitcoin apps on your hardware wallet
You need to have both the Bitcoin and the Exchange apps installed on your device to be able to sell BTC. To install these apps, you must connect your device to a PC or smartphone and visit the Ledger Live Manager page.
Enter the selling amount and fiat currency to receive
To sell Bitcoin (BTC) in Ledger Live, go to the “Sell Crypto” tab, select your BTCaccount and enter the amount you want to sell. Then choose the currency you want to receive. Ledger’s partner Coinify operates the sell service.
Verify and confirm the operation
Open the Exchange app on your device. Once you’ve verified the information on your phone’s screen, you can proceed with the operation and confirm it.
And you’re done.
How to sell Bitcoin directly from the Trezor hardware wallet
Open the Sell tab in Trezor Suite
Visit Trezor Wallet and connect your wallet. Once connected and unlocked, visit the Account page, open an account, then click on the Green Trade button and then go to the Sell tab within the trade interface.
Enter the trade details
1) Enter how many cryptocurrencies you wish to sell
2) Set a fee based on how fast you want your transaction to be processed.
3) Choose the country where you live for a better experience. Some countries offer better deals than others, so it is best if you select your location before signing up.
Complete the service provider
After you click on “Continue“, you will be redirected to the checkout page of the selected service provider.
If required, provide any AML / KYC documents to complete the transaction.
FAQs
