Selling bitcoin isn’t very different from buying bitcoins, as practically all the ways available to purchase bitcoin also give the option to sell. When questions like “How can I sell bitcoin ?” starts coming to mind, getting a trading partner or Bitcoin exchange that will reward you with the payment method you desire is the first move. From there, you can move forward with selling your Bitcoins.
Selling bitcoin for cash
If you are interested in getting cash for bitcoin, there are three ways you can achieve that:
Sell bitcoins in person for cash
Offering bitcoin face to face for money is a private method to sell bitcoin. Much of the time no data is asked for by the buyer, nor is there KYC (know-your-client) or AML (Anti Money Laundering) policy included.
Regarding options on where to sell bitcoin, you may be able to locate a cash trading associate at your local Bitcoin Meetup Group. Since these meetups are loaded with individual Bitcoin users, it’s not hard to discover somebody willing to make a trade. If the meetup that amasses in your vicinity meets frequently, it might be a decent method to find an exchange partner to sell your bitcoin all the time.
On the off chance that there’s no meetup gather in your general vicinity, checking Facebook for neighborhood bunches is another approach to discover nearby brokers. This is what number of individuals find exchange accomplices in nations like Venezuela or Israel.
Selling for cash at a bitcoin ATM
Bitcoin ATMs are another simple method to sell bitcoins for money, in case you’re sufficiently fortunate to have a Bitcoin ATM in your general vicinity. You can utilize Coin ATM Radar to check areas and decide if your neighborhood ATM provides both.
Sell bitcoin for cash online
Service providers like LocalBitcoins and BitQuick can enable you exchange bitcoin for money on the web. You make an offer request on one of the locales. Once a purchaser acknowledges your offer, they are given your ledger details. Buyers at that point make a cash deposit directly to your bank account. When you affirm payment, the bitcoins are released from escrow to the buyer.
Selling bitcoin online
Selling bitcoin online is advantageous however considerably less private than trading bitcoin for money. Utilizing administrations like Coinbase or Circle, it’s conceivable to sell bitcoin to your financial balance (both) or amazingly or platinum card (Circle as it were). Coinbase is accessible in the United States, a significant portion of Europe, Canada, and Singapore. Circle is only available in the United States.
Kraken and BitStamp are great alternatives for Europeans. BitStamp’s most up to date feature gives its clients a chance to swap bitcoin for gold.
Sell bitcoin by spending
There’s no reason that offering bitcoins must be confined to getting fiat cash. Now that it’s conceivable to buy pretty much anything with bitcoins, selling by buying commodities might be an excellent choice for some.
You can, for instance, settle your monthly bills with bitcoins. Cashila, a European authorized payment processor, is a decent choice which gives you a chance to pay for bills or different services that allow a SEPA bank transfer.