Which wallet should I choose when selling Bitcoin?

Bitnomi allows you to sell Bitcoin and receive LKR directly in the approved Sri Lankan bank account linked to your Bitnomi account.

You can sell Bitcoin from either BTC Pay or BTC Vault. Both contain Bitcoin, but the fees, transfer method, minimum amount, and confirmation time may be different.

Is Bitnomi a peer-to-peer marketplace?

No. Bitnomi is not a peer-to-peer marketplace.

When you place a sell order, you sell your Bitcoin directly to Bitnomi. Once the order is verified and processed, Bitnomi transfers the LKR amount to your approved bank account.

You do not need to find, contact, or trade with another user.

BTC Pay vs BTC Vault for selling Bitcoin

The exact minimum amount, fees, exchange rate, and estimated processing details will be shown in the app before you confirm the order.

When should I sell from BTC Pay?

Choose BTC Pay when:

• Your Bitcoin is already in your BTC Pay balance

• You are selling a smaller amount

• You want a faster transfer

• You prefer a lower-fee payment method

• You do not need an on-chain transaction

BTC Pay uses the Lightning Network, so the Bitcoin transfer is usually confirmed faster.

When should I sell from BTC Vault?

Choose BTC Vault when:

• Your Bitcoin is already in your BTC Vault balance

• You are selling a larger amount

• You want to use the Bitcoin on-chain network

• You are comfortable waiting for network confirmation

• You understand that a higher network fee may apply

BTC Vault transactions must be confirmed by the Bitcoin network before the sell order can move forward.

How do the fees differ?

Selling from BTC Pay

BTC Pay transactions usually have lower network costs because they use the Lightning Network.

Selling from BTC Vault

BTC Vault transactions include an on-chain network fee. This fee may change depending on Bitcoin network activity and the transaction size.

Before confirming the order, review:

• The amount of Bitcoin you are selling

• The exchange rate

• The Bitnomi fee

• The applicable network fee

• The final LKR amount you will receive

How long does a sell order take?

Most Bitnomi sell orders are usually completed within 24 hours after the Bitcoin payment is received.

BTC Pay sell orders are generally processed faster because Lightning payments are usually confirmed quickly.

BTC Vault sell orders may take longer because Bitnomi must wait for the on-chain transaction to receive the required network confirmation.

The total processing time may also depend on:

• Whether additional verification is required

• Bitcoin network activity

• Bank processing times

• The accuracy of the information submitted

Which bank account will receive the LKR?

The LKR payment will be sent to the approved bank account linked to your Bitnomi account.

Check the bank account shown during the sell flow before confirming the order. Contact Bitnomi Support if the displayed details are incorrect.

Which wallet should I select?

Select the wallet that currently contains the Bitcoin you want to sell.

• Choose BTC Pay when the Bitcoin is in your BTC Pay balance.

• Choose BTC Vault when the Bitcoin is in your BTC Vault balance.

You cannot sell Bitcoin from one wallet by selecting the other wallet. Check your available balance before starting the sell order.