How do you sell Bitcoin? You can sell Bitcoins in all the very same places as you can buy Bitcoins. The primary methods which people buy and offer cryptocurrencies are:
Trading on exchanges
There are around 500 cryptocurrency exchanges open for trade all over the world. You can open an account and begin trading in a matter of minutes. Follow these steps to sell Bitcoin on cryptocurrency exchanges.
Step 1. Create a Bitcoin exchange account
You will initially have to provide your e-mail address and set a password. Once you’ve validated your e-mail, you will be able to establish two-factor authentication. The majority of exchanges will ask you to confirm your identity. How much documentation you need to offer depends upon the rules of the exchange and the laws of your nation. You will frequently be asked to supply a government-issued ID and a proof of address. Once your account is developed, you will immediately be offered a Bitcoin wallet
Step 2. Send Bitcoin to your exchange wallet.
The next step is to send the preferred quantity of Bitcoins from your wallet to your exchange wallet. The transfer can take anywhere from a minute to some hours if the exchange is hectic.
Step 3. Place a sell order on the exchange
Once your Bitcoins have shown up, it’s time to offer them. You can offer Bitcoins instantly if you’re happy with the existing market rates. You also have the option to put a limit order, which only sells once it’s reached a specific price.
Step 4. Withdraw your funds
You can withdraw the funds once you’ve successfully sold your Bitcoins. There are numerous methods you can withdraw cash depending on the exchange. Some exchanges only enable bank transfers, while others would allow transfers to other platforms like PayPal.
Sell Bitcoin via P2P Bitcoin exchanges
Peer-to-peer (P2P) trading is another favorite technique to sell Bitcoins. Rather than relying on exchanges to sell your Bitcoins, you can eliminate the middleman. P2P trading allows you to sell Bitcoins and receive payments in bank transfers, PayPal transfers, or cash.
Sell Bitcoin to Bitcoin ATMs
Bitcoin ATMs are successfully stationary cryptocurrency exchanges. In other words, you can purchase and sell Bitcoin anonymously.
Sell Bitcoin with crypto debit cards
Quite a couple of business have formed partnerships with Visa and Mastercard to release Bitcoin debit cards. These cards are generally preloaded Visa/Mastercards you can spend in-store or at regular ATMs. The majority of Bitcoin debit cards come with an app that quickly allows you to sell your Bitcoin for cash, which you can then invest with the card.
Sell Bitcoin face-to-face
As with anything else, you’re able to trade Bitcoins face-to-face. Meet up with an interested buyer, scan a QR code on their phone, and receive cash. It has to be stated that you should always take precautions when meeting strangers in public. Stay safe, and utilize a direct Bitcoin trading mediator if you do not feel 100% safe.