Facebook Twitter Instagram
    Coinrevolution
    • Cryptocurrency
      • Crypto Exchanges
        • Binance Review
        • Bitstamp Review
        • Gemini Review
        • Kraken Review
        • Wealthsimple Review
        • Newton Review
      • Price Prediction
        • Akita Inu Price Prediction
        • ANKR Price Prediction
        • Avalanche price prediction
        • BizzCoin Price Prediction
        • Carando Price Prediction
        • Dogecoin price prediction
        • Dogelon Mars Price Prediction
        • Ethereum Price Prediction
        • Gala Price Prediction
        • GRT Price prediction
        • Harmony ONE Price Prediction
        • IoTex Price prediction
        • Loopring Price Prediction
        • NuCypher Price Prediction
        • Polkadot Price Prediction
        • SafeCoin Price Prediction
        • Saitama V2 Price Prediction
        • Shiba Inu Price prediction
        • Siacoin Price Prediction
        • Vechain Price Prediction
        • Xrp price prediction
      • Buy Cryptocurrency UK
        • Best Crypto Exchanges UK
        • Buy Bitcoin UK
          • Best Bitcoin Wallet UK
          • Buy Bitcoin With Credit Card UK
        • Buy DigiByte Coin UK
        • Buy Dogecoin UK
        • Buy Ethereum UK
        • Buy IOTA UK
        • Buy Monero UK
        • Buy Siacoin (SC) UK
        • Buy Stellar Lumens (XLM) UK
        • Buy VeChain (VET) UK
        • Buy XRP UK
      • Buy Cryptocurrency Australia
        • Buy Bitcoin Australia
        • Cryptocurrency Exchanges Australia
        • Best Crypto Wallets Australia
      • Buy Cryptocurrency Canada
        • Buy Bitcoin Canada
        • Crypto Exchanges Canada
        • Crypto Wallets Canada
        • Buy Ripple Canada
      • Buy Cryptocurrency Ireland
        • Buy Bitcoin Ireland
        • Crypto Exchanges Ireland
        • Crypto Wallets Ireland
      • Buy Cryptocurrency South Africa
        • Bitcoin Exchanges South Africa
        • Buy Stocks Ireland
        • Buy Ethereum South Africa
        • Buy Ripple (Xrp) South Africa
      • Crypto Exchanges New Zealand
      • Buy Cryptocurrency UAE
        • Crypto Exchanges UAE
        • Buy Bitcoin UAE
      • Buy Cryptocurrency Singapore
        • Buy Bitcoin Singapore
      • Buy Cryptocurrency Thailand
        • Crypto Exchanges Thailand
        • Buy Bitcoin Thailand
      • Buy Cryptocurrency Qatar
        • Crypto Exchanges Qatar
        • Buy Bitcoin Qatar
      • Buy Cryptocurrency Philippines
        • Cryptocurrency Exchanges Philippines
        • Bitcoin Wallet Philippines
      • Buy Cryptocurrency Saudi Arabia
        • Buy Bitcoin Saudi Arabia
    • investing
      • Best investment platforms UK
      • Best Investment Apps UK
      • Invest In Cryptocurrency Australia
      • Invest In Gold Australia
      • Invest In Silver Australia
      • Invest In Crypto New Zealand
      • Invest and Buy Shares South Africa
      • Invest In Bitcoin Philippines
      • Loans
        • Online Payday Loan Canada
        • Payday Loans Ireland
    • Trading
      • Stock Trading Apps Ireland
      • Trading Apps South Africa
      • Trading Platforms South Africa
      • Forex
        • Free Forex Signals UK
        • Forex Trading For Beginners UK
        • Forex Trading Platforms UK
        • Forex Brokers UAE
        • Forex Trading Saudi Arabia
    • Brokers
      • Brokers UK
        • MetaTrader 4 Brokers UK
        • Crypto Brokers UK
        • Stock Brokers UK
      • Stock Brokers Ireland
      • Brokers Compare
        • Questrade vs. Wealthsimple
        • Betterment vs. TD Ameritrade
    • Trading Software
      • Bitcoin Software A-L
        • Bitcoin Billionaire
        • Bitcoin Circuit
        • Bitcoin Code
        • Bitcoin Compass
        • Bitcoin Equalizer
        • Bitcoin Era
        • Bitcoin Evolution
        • Bitcoin Fast Profit
        • BITCOIN GEMINI
        • Bitcoin Loophole
      • Bitcoin Software M-Z
        • Bitcoin Millionaire
        • Bitcoin Prime
        • Bitcoin Profit
        • BITCOIN SUPERSTAR
        • Bitcoin Trader
        • Bitcoin Up
        • Bitqt
      • Crypto Engine
      • Crypto Genius
      • CryptoSoft
      • Ethereum Code
      • Immediate Edge
      • Oil Profit
      • The News Spy
      • Yuanpay group
      • 1K Daily Profit
    • Contact Us
    Facebook Twitter Instagram
    Coinrevolution
    Home » How To Sell Bitcoin
    News

    How To Sell Bitcoin

    adminBy adminOctober 28, 2018No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Perhaps unsurprisingly, you can sell Bitcoins in all the same places as you can buy Bitcoins. The main ways in which people buy and sell cryptocurrencies are:

    • Trading on exchanges
    • Using peer-to-peer platforms
    • Using Bitcoin ATMs
    • Meeting face-to-face

    Bitcoin exchanges

    There are around 500 cryptocurrency exchanges open for business around the world. You can open an account and start trading in a matter of minutes.

    Follow these steps to sell Bitcoin on cryptocurrency exchanges:

    #1 – Create a Bitcoin exchange account

    You will first have to provide your email address and set a password. Once you’ve confirmed your email, you will be able to set up two-factor authentication. Most exchanges will ask you to verify your identity. How much documentation you need to provide depends on the rules of the exchange and the laws of your country. You will often be asked to provide a government-issued ID and a proof of address. Once your account is created, you will automatically be given a Bitcoin wallet.

    #2 – Send Bitcoin to your exchange wallet

    The next step is to send the desired amount of Bitcoins from your wallet to your exchange wallet. The transfer can take anywhere from a minute to several hours if the exchange is busy.

    #3 – Place a sell order on the exchange

    Once your Bitcoins have arrived, it’s time to sell them. You can sell Bitcoins instantly if you’re happy with the current market rates. You also have the option to place a limit order, which only sells once it’s reached a certain price.  

    #4 – Withdraw your funds

    You can withdraw the funds once you’ve successfully sold your Bitcoins. There are several ways you can withdraw money depending on the exchange. Some exchanges only allow bank transfers, while others allow transfers to other platforms like PayPal.

    sell bitcoin
    Sell Bitcoin via exchanges, P2P, at ATMs, or in person

    P2P Bitcoin trading

    Peer-to-peer (P2P) trading is another popular method to sell Bitcoins. Rather than relying on exchanges to sell your Bitcoins, you can cut out the middleman. P2P trading allows you to sell Bitcoins and receive payments in bank transfers, PayPal transfers, or cash.

    A popular P2P Bitcoin trading platform is LocalBitcoins.

    Bitcoin ATMs

    The market for Bitcoin ATMs is growing at a steady pace. You’ll be able to spot them in most major cities, and in some suburbs. Bitcoin ATMs are effectively stationary cryptocurrency exchanges. The advantage of them is that you don’t need to create an account. In other words, you can buy and sell Bitcoin anonymously.

    Bitcoin debit cards

    Quite a few companies have formed partnerships with Visa and Mastercard to issue Bitcoin debit cards. These cards are typically preloaded Visa/Mastercards you can spend in-store or at regular ATMs. Most Bitcoin debit cards come with an app that easily allows you to sell your Bitcoin for cash, which you can then spend with the card.

    Face-to-face

    As with anything else, you’re able to trade Bitcoins face-to-face. Meet up with an interested party, scan a QR code on their phone, and receive cash in hand. It should go without saying that you need to take precautions when meeting strangers in person. Stay safe, and use a direct Bitcoin trading mediator if you don’t feel 100% comfortable.

    Click to rate this post!
    [Total: 0 Average: 0]
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    admin
    • Website

    Related Posts

    eBay Acquires KnownOrigin And Promotes NFT Offerings

    June 23, 2022

    How to Choose the Best Cryptocurrency to Invest in

    June 22, 2022

    The Supply Of USDT Is Rising On Exchanges Signaling Increased Adoption

    June 22, 2022
    Facebook Twitter Instagram Pinterest
    • Risk Disclaimer
    • About Us
    • Privacy Policy
    • Contact Us
    © 2022 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT
    Go to mobile version