How to Sell BitcoinZ ?
Step-by-step instructions on how to sell BTCZ for Canadian dollars or cryptocurrency.
BitcoinZ is a well-known cryptocurrency that trades using the ticker symbol BTCZ . It uses the Equihash algorithm and Proof of Work for mining new coins, similar to Bitcoin mining. BitcoinZ was founded on 2017-09-10. While Coinsquare does not support this token, it may be purchased on other trading platforms for any major cryptocurrency, like BTC, ETH, and XRP or fiat currency such as Canadian dollar, US dollar, and Euro.
While BitcoinZ is not Bitcoin, the most well-known cryptocurrency, it has a large community. When comparing BitcoinZ to Bitcoin, you may notice the price change is significantly different. To see more about BitcoinZ’s price, check out their CoinMarketCap page. On CoinMarketCap, you can see the exchange rate for BTCZ to BTC, or Bitcoin.
There is a max supply of 21,000,000,000 BTCZ that will ever be available, based on mining efforts through the Proof of Work miners. This means learning how to sell BitcoinZ / BTCZ is relatively time sensitive as all coins could in theory be purchased at some point in the future. Don’t worry, though, that’s likely decades away for most major cryptocurrencies. The network hash rate, or the amount of energy being contributed to the network by computers around the world, is 262,668 H/S.
All of these factors and more generally contribute to cryptocurrency prices, which is a key data point to know when selling BitcoinZ / BTCZ. An official system of cryptocurrency was built by the founder of Bitcoin, a mysterious figure known as Satoshi Nakamoto. This person, or group of people, is unknown but put into the world the blockchain technology system we have today. Satoshi Nakamoto added maturity to the idea of crypto mining, Bitcoin wallets, and more. Other influencers like Vitalik Buterin, founder of Ethereum and Ether, brought forth things like smart contracts, which paved the way for cloud mining.
Step by Step Guide to Sell BitcoinZ
Most users who sell BTCZ do so for Bitcoin (BTC) or Ethereum (ETH). While you unfortunately cannot sell BTCZ directly on Coinsquare, you can sell it on an altcoin exchange for Bitcoin or Ethereum and then use Coinsquare cash out to fiat currency like Euro or Canadian dollar.
To sell BitcoinZ, simply follow these steps:
Signing up on an altcoin exchange is the easiest way to sell BTCZ for Bitcoin or Ethereum, which means you’ll be able to cash out faster.
Bitcoin and Ethereum are the two of the most widely-accepted cryptocurrencies, so that should make it easier for you to access due to higher volume and liquidity.
Fund your Coinsquare account by clicking “Fund” in the top menu and then following instructions for Bitcoin or Ethereum, whichever one you want to fund with.
Quick Trade is on the left side of your Coinsquare dashboard. You can sell any cryptocurrency on our platform in three clicks.
You can do this by clicking “Withdraw” in the top bar menu on your dashboard then following the instructions.
You can also use Coinsquare’s Referral Program to earn Bitcoin for referring your friends to Coinsquare. You will be paid in Bitcoin directly to your Coinsquare account, meaning you can sell the BTC you earned for Euro or Canadian dollar, locking in any gains you have in your portfolio.
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