Follow these steps to complete a secure sale from your vault.
The trading desk enables you to sell bitcoin directly from your Unchained vault. You must complete trading desk onboarding prior to buying or selling bitcoin. You must have a vault balance that meets the $2,000 minimum trade amount to complete the sale. The proceeds of a sale can be added to your cash balance or sent to an external bank account.
Note: The maximum amount of bitcoin you can sell in a single trade is restricted by the total amount of bitcoin in your vault, up to $5,000,000. If you’d like to sell more than the equivalent of $5,000,000 in bitcoin, you may execute multiple trades.
See our article: What are the minimum and maximum trade sizes I can execute?
What you'll need
- Your hardware wallets with their USB cords
- A PC or Mac with USB ports to connect your hardware wallet.
- Selling is not supported through the Unchained mobile app at this time.
- An Unchained vault with a bitcoin balance
Video Guide: How to buy and sell bitcoin
Note: We have made changes to the Unchained interface since publication of this video. The Sell button is located in the upper-right corner of your account.
Skip to 2:44 in the video for selling instructions
How to sell bitcoin
- Sign in to your Unchained account, and click Sell in the upper-right corner of your screen.
- Select the account you want to sell from.
- Select the vault to use, the sale proceeds destination, and the amount of bitcoin to sell. We have a $2,000 minimum trading amount.
- Choose two keys to sign the transaction.
- Note: If you select the Unchained key, it can take one to three business days for us to sign.
- Review the transaction and click Continue.
- Note: We will automatically set the bitcoin network fee for you. This cannot be changed.
- Sign the transaction with your keys.
- Review the transaction one final time, tick the checkbox to acknowledge our terms of service, and click Execute sale and broadcast transaction. The price is locked in upon broadcast.
Once the transaction is confirmed on the Bitcoin network, we add the proceeds to your cash balance or send cash to your bank account, depending on your selections.