1. Sign up to an exchange: You’ll need to create an account on an exchange that allows buying and selling bitcoin, such as Coinbase or Kraken. Make sure to complete the full verification process and set up two-factor authentication to enhance your account security.
2. Select and funding method: Once you have an account, you will need to fund it using a bank transfer, debit card, credit card, or other payment methods. Depending on the exchange, you may also be able to use PayPal or other digital payment solutions.
3. Buy Bitcoin: Once your account is funded, you can begin purchasing Bitcoin. On most exchanges, you can buy BTC with a few clicks or taps.
4. Sell Bitcoin: When you want to cash out, simply place a sell order for the amount of bitcoin you wish to sell. Then you’ll receive the proceeds in an account of your choosing.