What actually happens when you sell
Selling converts your crypto into US dollars at the rate quoted when you confirm. You see exactly what you’ll receive before anything happens: the rate, the fees, and the final amount, itemised on the confirmation screen. Confirm, and the money lands in your Cash Account.
Nothing about it is irreversible in the way sending crypto is. You’re not transferring to an address that might be wrong; you’re converting inside your own account. The two things worth understanding before you start are where the money goes (your Cash Account, covered below) and what it costs (also below). The rest is three taps.
Step 1: Open the wallet holding your crypto
In the Xcoins app, open the wallet for the coin you want to sell. Every coin you hold has its own wallet, and each shows its live balance and value, so you can see what a sale is worth before you start one.
If you’ve been holding for a while, this is also the moment you find out the app has been keeping score the whole time: balance, live price, 24-hour change. No spreadsheet required.
Selling crypto you hold somewhere else
Crypto in a hardware wallet or another wallet you run yourself can’t be sold from there directly. Deposit it to your Xcoins Wallet first, then sell it from the app the same way as anything else.
The deposit is a normal crypto transaction: get your Xcoins Wallet deposit address for that coin, check it character by character, make sure the network matches, and send. Once it arrives, it sells like any other balance. If you’re moving a large amount, a small test transaction first is cheap insurance.
Step 2: Enter an amount, or tap Max
Choose how much to sell: any amount up to your balance, or tap Max to sell it all. You don’t have to sell everything, and most people don’t. The quote updates as you type, so you can see what different amounts are worth before committing to one.
Partial selling matters more than it sounds. It means “should I sell” doesn’t have to be all-or-nothing; taking some money out and leaving the rest is a normal move, not a special feature.
Step 3: Confirm, and the money lands in your Cash Account
Review the confirmation screen: the rate, the fees, and the exact USD amount you’ll receive. Confirm, and the money lands in your Cash Account. From there you can withdraw it, or keep it ready for your next buy.
The Cash Account is the USD balance inside your Xcoins account. Every sale settles there, in US dollars. That’s the whole route: crypto in your wallet becomes dollars in your Cash Account, and both live in the same app.
Cashing out: turning crypto into money in your bank
Cashing out is the two-part version of selling: sell the crypto so the USD lands in your Cash Account, then withdraw the balance to your bank. The withdrawal options available to you are shown in the app.
There’s no obligation to do the second part straight away, or at all. The Cash Account balance is yours to withdraw or to spend on the next purchase, and plenty of people sell into it precisely to wait without watching a volatile balance. Selling and cashing out are two decisions, and you’re allowed to make them separately.
What it costs
Fees depend on the transaction and are shown in full on the confirmation screen before you commit: what you’re selling, what it costs, and exactly what you’ll receive. If you can’t see the fee, don’t confirm.
The honest comparison, here as everywhere, is the total: what leaves your wallet versus what lands in your Cash Account. That number is on the screen before every sale. Read it, and you’ll never be surprised by a fee again.
Should you sell?
That’s your call. We don’t make recommendations, predict prices, or call tops and bottoms. Anyone who does is selling something. What we can give you is the facts that make the decision yours to make well.
The facts: crypto prices move sharply in both directions, and no one reliably times either. You can sell any amount, so the decision isn’t all-or-nothing; selling part of a holding is a normal, boring, legitimate move. And a plan made calmly beats a decision made at 2am because a chart turned red. If you find yourself selling in a panic or holding out of stubbornness, the amount at stake is probably bigger than it should be. The buying guide‘s advice applies in reverse: hold what you can afford to be wrong about.
Taxes when you sell
In many countries, selling crypto for regular money is a taxable event, which means the gain or loss on the sale can matter to your tax return. The rules, rates and thresholds depend entirely on where you live.
Two habits cover most of it: keep records of what you bought, what you sold, and when; and check the rules where you are, from your tax authority or a professional, before you need them. Nothing on this page is tax advice, and Xcoins doesn’t provide any. What we do provide is a clean transaction history in the app, which is exactly what you or your accountant will want.
After you sell
The USD sits in your Cash Account, and what happens next is up to you: withdraw it, hold it there, or use it for your next purchase. The crypto part is done.
Withdraw it. Move the balance to your bank. The options available to you are shown in the app.
Buy back in, when you choose. The Cash Account balance works for your next purchase; the buying guide covers the rest.
Keep watching. Prices don’t stop because you stepped out. The prices pages keep score if you want to keep watching.
Selling is the least discussed part of crypto and the simplest. Open, amount, confirm. If the buying guide got you in, this one gets you out, and both doors stay open.
