Sell Bitcoin to SATOS
Is this still not entirely clear to you? No worries! Our support team always stands ready to assist. You can reach our team through the live chat, located at the bottom of this page.
How do I sell Bitcoin to Euro
Step 1: Place an order to sell Bitcoin
In contrast to many other brokers, SATOS does not require you to create an account to trade Bitcoin. The first step in the Bitcoin selling process is to enter the amount of Bitcoin you like to sell. You can also enter the amount in euros you would like to receive. The computer will then automatically calculate the other amount based on the exchange rate. Click on ‘Place order’ once you are ready.
Step 2: Confirm your order
You will now be asked to enter your personal details. We require this information to finalise your transaction. At the top of the page, you can also see the amount of EUR we will pay for your Bitcoin. The only remaining data we require of you are your email address, your bank account number, and the name of the account holder. Have you finished entering all this information? Congratulations, you are nearly done! Click on ‘Confirm order’ to confirm your transaction.
Step 3: Send your Bitcoin to SATOS
The next step is to send your bitcoin to a SATOS wallet address. After filling in your details and clicking on send, you will be shown an address to which you must send us your ethereum to. It is vital that you select an appropriate transaction fee. This ensures that we will receive your ethereum before your order expires. Most bitcoin wallets automatically display a recommended and average transaction fee. Once you have uploaded your transaction to the network, you will need to wait for the confirmation of the blockchain. Wondering how long this takes? We will explain this process a bit further down the page. For now, let us go to the final step!
Step 4 – Verification and payment
Alas, even SATOS is obligated to follow up on verification procedures as after your transaction is confirmed on the blockchain, we will ask you to briefly verify yourself. We will thoroughly explain our verification procedures on your personal transaction page as well as indicating which procedures apply to you. Do not fret, it is not rocket science and if you are curious about what our verification procedures are you can always check our current verification methods. Once you have handed in the specified verifications, our compliance team will do their best to quickly assess and verify your documents, after which we will process your order as soon as possible.
Up-to-date with our verifications? Then we will do our best to pay your order out as fast as we can!
How to sell bitcoin at the right selling price?
The pricing of Bitcoin and other cryptocurrencies is extremely volatile. It is not unusual for exchange rates to soar or crash over a single day. So how do you determine the right moment to sell or buy Bitcoin? Well, that's entirely up to you! The only advice we can give you is that no one has a monopoly on the truth. As such, it is crucial that you do your own research. Would you like to know more about the dynamics behind the current Bitcoin rates, and which factors are of influence? Then feel free to have a look at our Bitcoin price chart.
How long does it take before I receive euros on my bank account?
You have decided to sell your Bitcoin, and now you would like to know how long it takes before you can expect to receive your payment in EUR on your bank account. The length of this process depends on a couple of factors.
- SATOS processing time
- Processing time of the Bitcoin blockchain
- Bank processing time
SATOS processing time
We generally process orders within 15 minutes. Keep in mind that if this is your first transaction on our platform, that you may need to complete a couple of one-time verification steps. Fortunately, this is a one-time process: once you have completed this, you will be able to sell and buy Bitcoin through SATOS without any delay. The amount in euros you will receive on your bank account is in principle fixed from the moment you complete the first step of the selling process.
Processing time of the Bitcoin network
The speed of the Bitcoin network is also a factor to take into account. If the system is currently facing a lot of traffic, it might take a bit longer before miners successfully add your transaction to the blockchain. This is partly dependent on the transaction fee you have selected. How does this work? Every block on the blockchain is limited in space. Therefore, miners need to choose which transactions they will process during the next block. Obviously, miners want to make as much profit as possible, which is why they will attempt to fill the blocks with transactions that have high fees. So, the higher your payment, the better the chances of your transaction being mined into the next block.
Bank processing time
We are also dependent on the processing time of banks. Unfortunately, banks are generally not as fast as the Bitcoin network. It might take them a while to complete the processing of your order. Besides, banks are often closed on the weekends. It's possible that you will have to wait until the next working day before your euros appear on your bank account. As a rule of thumb, you can expect bank payments to be processed on the same day as long as they have been initiated before 3 PM. Payments sent after 3 PM are usually processed the next working day.
Why do customers opt for SATOS?
- Speed: SATOS generally processes transactions nearly instantaneously, seven days per week.
- Reliability: SATOS has been the Netherlands’ primary broker for selling and buying Bitcoin for more than five years now.
- Support: our support team stands ready to assist you, seven days a week, either through chat or over the phone.
- Secure: SATOS does not manage the assets of its clients. Are you buying Bitcoin through SATOS? Then you will always retain full control over it.
- Straightforward: paying for your order is a piece of cake with iDEAL, Bancontact and SEPA.
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Can I also buy Bitcoin at SATOS?
You cannot only sell your Bitcoin to SATOS; you can also buy them from us. We consider it vital to offer our customers a platform that they can always fall back on to transfer their euros to cryptocurrency and vice versa. You have come to the right place to sell or buy your cryptocurrencies! Wondering what other cryptocurrency you can sell at SATOS? Take a look at these pages: