Selling - help needed!

[Leahhhh]

I have decided to sell a portion of my BTC. My question is if I register with an exchange like Binance now, how soon should I be able to sell? Should I be able to sell today? Will I have to go through KYC first or will that only come when I ask to withdraw my money? Finally is Binance still of the the best/safest exchanges? I have asked this question in the past but never went on to actually sell & I know things can change with time.

I still intend to hold on to the bulk of my BTC.

Thanks in advance.

[Pmalek]

Binance is still one of the best - yes.
You can trade on Binance without KYC but you can t withdraw more than the value of 2 BTC in a 24 hour period without performing KYC.
This was the case when I signed up last year.

[TusharMali99]

You can register on Binance and sell your BTC immediately. KYC is not necessary to start trading.

With Veritified  account, you can withdraw 100BTC per 24h.
With Non-veritified account, you can withdraw 2BTC per 24h.

[Zwei]

Binance doesn't exchange BTC to Fiat, You will need to look for another option, And you will be asked to through KYC. For the other question it depend on what exchange you will use.

[Leahhhh]

Thank you for your replies. So, if I was selling no more than 2 BTC I wouldn't have to provide KYC info at all? My coins are currently in cold storage. I intend to transfer them to a Blockchain wallet & then from there to Binance...does that sound like the right way to do it? Can I also transfer the Bitcoin Cash coins to the Blockchain wallet?

[Leahhhh]

So if Binance doesn't allow me to change BTC to fiat, how can I do it? It is all sooooo complicated & that is why I didn't sell at various other times over the past year. I actually almost regret ever getting involved

[Jet Cash]

If you are in the UK, then I'll buy a small (ish) amount for Sterling, and pay through faster payments. That gives you immediate cash in your bank account. It also means you don't have crypto purchases associated with your fiat account. I use the xe.com price for purchases.

[Sharon121212]

 Firstly to be honest this a questions you would be able to ask and get answers on google

 But since you already here
Question 1. It wouldn't take too long for you to be able to sell. But there was a release from binance that they will bring back limited users registration so that to say they will have a limit of user That would be able to register each day.

Question 2. You would be able to sell when your registration is approved.

Question 3. K.Y.C is needed during your verification

Question 4. Binance by trade volume is the top most exchanges but there are other features that other top exchanges can compete with it.

And to your end remark I would advice you to cultivate the habit of browsing the internet first. Google is your friend

[Leahhhh]

Firstly to be honest this a questions you would be able to ask and get answers on google

 But since you already here
Question 1. It wouldn't take too long for you to be able to sell. But there was a release from binance that they will bring back limited users registration so that to say they will have a limit of user That would be able to register each day.

Question 2. You would be able to sell when your registration is approved.

Question 3. K.Y.C is needed during your verification

Question 4. Binance by trade volume is the top most exchanges but there are other features that other top exchanges can compete with it.

And to your end remark I would advice you to cultivate the habit of browsing the internet first. Google is your friend

Believe me I have browsed & browsed and browsed.

[Leahhhh]

If you are in the UK, then I'll buy a small (ish) amount for Sterling, and pay through faster payments. That gives you immediate cash in your bank account. It also means you don't have crypto purchases associated with your fiat account. I use the xe.com price for purchases.

How much do you consider a small (ish) amount?

[Peacemaker1994]

Why do you just do your self the favour and go and find out personally by logging into binance site do the registration and possibly start trading when you are allowed to do so

[Leahhhh]

Looking now at Coinbase; I think I can get fiat out there? Not going to Binance if I can't get fiat. Is Coinbase also considered reputable or is any other exchange preferable? There are so many stories about exchanges being hacked that it's a bit scary for a beginner 

[Dudeperfect]

You will be able to transact Bitcoins even without complying with the KYC norms but there will be certain restrictions on transactions if you are a non-verified user. I have been using localbitcoins and I am not a KYC verified user apart from verifying my mobile number and I found it useful. You might give it a try but there are certain traders who do not prefer to trade with non-verified users everything else is fine.

[DdmrDdmr]

<...>

Coinbase is fine and simple to use, and is one of the entry level most trusted exchanges for FIAT<-> BTC/ETH/LTC. It may not have the lowest fees, but it’s reliable.
You need to do KYC (regardless of the amount I believe). See https://support.coinbase.com/customer/en/portal/articles/1220621-identity-verification

[Leahhhh]

<...>

Coinbase is fine and simple to use, and is one of the entry level most trusted exchanges for FIAT<-> BTC/ETH/LTC. It may not have the lowest fees, but it’s reliable.
You need to do KYC (regardless of the amount I believe). See https://support.coinbase.com/customer/en/portal/articles/1220621-identity-verification

Thanks for your reply. Trying to upload my passport photo now but it keeps saying it's too blurry

[DdmrDdmr]

<...> Trying to upload my passport photo now but it keeps saying it's too blurry<...>

Check the link I gave you before. It includes guidelines for troubleshooting Id uploading due to factors such as the one you mention. Try moving the laptop to another place, with more natural light.
One certain occasions (I’m not sure if it happened to me or not with Coinbase), there was no way to get it right with the PC camera, so I has to use a regular camera and upload the photo instead of take a photo in-situ.

[Leahhhh]

Got that done successfully. My coins are in cold storage. Am I correct in thinking that I can't import them directly to my Coinbase wallet but rather will need to import them to another wallet such as Blockchain.info & from there to Coinbase? Sorry for so many questions but I've never done this before.

[Leahhhh]

by the way, is Blockchain.info now blockchain.com? I don't want to import to a fake site 

[DdmrDdmr]

by the way, is Blockchain.info now blockchain.com? I don't want to import to a fake site  

The .com is the usual one. The .info was the former domain, and it redirects automatically to .com.

What cold storage are you talking about? (paper wallet, physical bitcoin storage, hardware wallet -Ledger Nanos S, Trezor, etc.).

I figure you’re talking about  a paper wallet. Coinbase cannot sweep directly your paper wallet, so you’ll have to go through a middle party wallet. Just be very careful with each step of the way, and making sure you use the right URLs and wallet addresses. You may even consider transfering a small amount first to Coinbase (once you've imported your cold wallet) before sending the rest of the funds.

Edit: Yes, you can import your paper wallet as you intend (Paper Wallet -> Blockchain.com-> Coinbase). Just be very careful reading the instructions on the process on each site, and triple check each step you take.

[Leahhhh]

by the way, is Blockchain.info now blockchain.com? I don't want to import to a fake site 

The .com is the usual one. The .info was the former domain, and it redirects automatically to .com.

What cold storage are you talking about? (paper wallet, physical bitcoin storage, hardware wallet -Ledger Nanos S, Trezor, etc.).

I figure you’re talking about  a paper wallet. Coinbase cannot sweep directly your paper wallet, so you’ll have to go through a middle party wallet. Just be very careful with each step of the way, and making sure you use the right URLs and wallet addresses. You may even consider transfering a small amount first to Coinbase (once you've imported your cold wallet) before sending the rest of the funds.

Thanks again. Yes, it's a paper wallet. I'm intending importing to Blockchain & then from there to Coinbase....can I do that?