Dec 06, · There are tons of platforms to sell Bitcoin on, and the easiest, by far, are exchanges and brokers like Coinbase or Coinmama. If you are looking to sell for cash in person, then localbitcoins is pretty standard. Some methods, like selling to a Bitcoin ATM or to a friend at a Bitcoin meetup won’t require an account at all. Dec 05, · You can sell bitcoin through a peer-to-peer marketplace that accepts PayPal payments, such as LocalBitcoins or Paxful, or use an exchange like VirWox. Alternatively, some exchanges may also allow you to sell bitcoin for USD, then withdraw it to the credit card or bank account linked to your PayPal account. Dec 12, · For those who own large sums of bitcoin, there's an added complication: Services like Coinbase impose varying weekly buy and sell limits to protect accounts. But the limits, which can .
How easy can you sell bitcoinHow to sell Bitcoin (BTC) | 4+ options explained | natur-holzbausteine.de
You then put in your email address, choose an authentication method, and submit your order. Next, you need to make your bitcoin available. A personalized escrow address will be provided to you after your order is created. Deposit the bitcoin into it. You will receive emails anytime there is a buyer hold or a cash deposit. Once you confirm the cash deposit with BitQuick, the bitcoin will be sent to the purchaser. The site itself is taking care of all the hard work of matching up buyers and sellers.
All you do is kick back and wait. All fees are paid by the buyers except cancellation fees, if you choose to revoke your sell order. Western Union as your method to receive payment. There is no option for cash via mail.
So it may take you longer to get a deal that you are happy with. Finding buyers on Localbitcoins may be faster. With Localbitcoins, you have to check buyer profiles and manually accept or reject offers, but BitQuick automates that whole process for you based on the information which you provide when you fill out the form to sell bitcoin.
You probably are aware that there are bitcoin ATMs now where you can walk up and buy bitcoin with cash. Some of these machines will even create a wallet for you if you do not have one. But did you know that you can also use some bitcoin ATMs to sell your bitcoin for cash? Interestingly, this is fast becoming a standard feature for bitcoin ATMs, though as of the time of this writing, the majority still only allow you to buy bitcoin with cash.
From here, you can zoom in on your location and search for local bitcoin ATMs. In the lower left are some checkboxes where you can specify what you are looking for and narrow down the results. It may also be helpful to know that the following types of ATMs are most likely to allow you to sell bitcoin:. Note that there are no guarantees that a particular model will allow you to sell bitcoin, even if it is standard for that model.
The reason is that operators of ATMs are able to enable and disable certain functions, including sell functions. This means that it is always smart to look up online whether a particular ATM will allow you to sell, especially if you need to drive a long distance to get to it. If you do find an ATM in your area where you can sell bitcoin, here is how to proceed in general—the specific steps can vary from one machine to the next. If the machine requires you to verify your identity, then you will need to start out by completing the verification step.
The procedures may differ from one model to the next, so do some research before you head to the ATM. That way you can be sure you will have what you need when you arrive. After you complete this step, you can tell the ATM how much bitcoin you want to sell. The ATM will then let you know the exchange rate and the fee, and then it will provide you with a QR code. You can scan this to send your bitcoin. At this point, one of two things will happen, depending on the model.
Either the machine will dispense the cash, or it will give you a redeem code which you can use after awaiting a confirmation. Sometimes more than one confirmation up to six is needed before you can use the redeem code and get your cash. If you want a receipt, you can print one once your transaction is complete. You already are used to using ATMs to withdraw fiat currencies, so the idea of using them to withdraw your bitcoin as cash has obvious appeal.
It is a process which feels safe and familiar. You do not need to worry about another party screwing up the transaction. You need to wait through the confirmation process. Obviously dealing with this on a regular basis would be incredibly expensive. One more thing you can do is join a bitcoin exchange. Sites which are set up for trading also are fine, though they are a little more complicated to use.
Here is a list of US friendly bitcoin fiat exchanges where you can use U. Huobi is a digital currency exchange that allows its users to trade more than cryptocurrency pairs. SatoshiTango Cryptocurrency Exchange. SatoshiTango is an Argentina-based marketplace that allows you to easily buy, sell or trade Bitcoins. Coinbase Pro. Bitstamp Cryptocurrency Exchange. A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Gemini Cryptocurrency Exchange. ShapeShift Cryptocurrency Exchange. Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin. A decentralised cryptocurrency exchange where you can trade over ERC20 tokens. Bitit Cryptocurrency Marketplace. Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes. CoinBene Cryptocurrency Exchange. Load More. Compare up to 4 providers Clear selection.
Find the deposit address for bitcoin and then transfer BTC from your external wallet to that address. Sell BTC Navigate your way to the trading section of your chosen platform and then enter the full details of your sale. Selling on a cryptocurrency exchange. Why might you choose this option? Pros: Convenient, quick and easy, allows you to exchange BTC for fiat or a huge range of cryptocurrencies Cons: Withdrawal fees can sometimes be steep, ID verification process can cause delays.
Selling through a peer-to-peer platform. If you want to set your own price and enjoy greater control over the sale process. Pros: Could help you get a better price, provides you with more flexibility and control over the sale process, may offer increased privacy Cons: Can take time to find a buyer, risk of fraud when dealing with private buyers.
Selling via a bitcoin ATM. If you want a quick and easy way to turn your bitcoin into cold, hard cash. Pros: Quick and easy, a fast way to cash out your bitcoin when you need fiat currency Cons: Bitcoin ATMs particularly those that let you sell BTC can be difficult to find, and have high transaction fees. Selling in person. Pros: Dealing direct means there are no middleman fees, you can negotiate the price you want Cons: Very risky if dealing with a stranger, more time-consuming than selling online.
PayPal Cash. How can I sell bitcoin for cash? Alternatively, you could arrange to sell your bitcoin through a peer-to-peer marketplace that accepts cash as a payment option, either meeting someone in person to accept payment or asking them to send a cash transfer through a payment service such as Western Union. How can I spend my cryptocurrency with a bitcoin debit card? Bitcoin debit cards are linked to your cryptocurrency balance. They allow you to load your card with BTC, which is then converted into USD by the card provider so you can use it to buy goods and services in-store and online, or withdraw cash from an ATM.
Find out more in our bitcoin debit cards guide. Can I pay my bills with bitcoin? Yes, there are several companies that specialize in facilitating bill payments in cryptocurrency.
Check out our cryptocurrency bill payment services guide for more information. How can I sell bitcoin using PayPal? You can sell bitcoin through a peer-to-peer marketplace that accepts PayPal payments, such as LocalBitcoins or Paxful , or use an exchange like VirWox. Alternatively, some exchanges may also allow you to sell bitcoin for USD, then withdraw it to the credit card or bank account linked to your PayPal account.
Can I sell bitcoin for another crypto within my wallet? Are there any tax implications if I sell bitcoin? Read our guide to find out more about calculating tax on your cryptocurrencies. How should I set my price if selling bitcoin on a peer-to-peer marketplace? Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity. You should also verify the nature of any product or service including its legal status and relevant regulatory requirements and consult the relevant Regulators' websites before making any decision.
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Ask your question. They process more Bitcoin transactions than any other broker and have a massive customer base of 13 million. Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look! Litecoin vs Ethereum: find out the differences between Ethereum and Litecoin - two of the biggest cryptocurrencies in the full Litecoin vs Ethereum guide. Learn how to buy Bitcoin with PayPal, in the simplest and most straightforward ways possible!
Learn how to buy Litecoin with PayPal instantly. First, you will need to open an account with Coinbase , link your bank account, and make a deposit. If you need help on how to do this, view our guide here. If you have already done this, proceed to step 2! Once you have set up your account, you will need to send your Bitcoin to your Coinbase Bitcoin address! You will then be shown your Bitcoin Coinbase wallet address. This is the address you need to send your Bitcoin to.
Next, click on Sell. The next step on how to cash out Bitcoin is in the wallet. Assuming you have now sent your Bitcoin to your Coinbase wallet, you should see your Bitcoin wallet and your default fiat currency here.
This will change depending on where you are located. For example, U. You will also see your withdrawal limit. If you have already verified your account, your limits will be quite high. However, if you need to increase this, click on See Limits and follow the additional verification instructions! Before you can withdraw, you need to exchange your Bitcoin to your local currency.
Enter the amount of Bitcoin that you wish to sell, and the fiat currency equivalent will update. Once you click on Sell Bitcoin Instantly , your funds will now be in your fiat currency wallet. Ok, so we are at the final step on how to cash out Bitcoin to your bank account.
Your bank account details will already be saved from when you set it up earlier. Another popular choice for Bitcoin sellers is Kraken! Kraken is another popular exchange that allows fiat currency deposits and withdrawals.
It has been around since , and processes the most Bitcoin to Euro transactions. Now that you know how to cash out Bitcoin using a broker, let me show you how to do it using a peer-to-peer exchange. There are a few to choose from, however, the one I most recommend is Local Bitcoins.
LocalBitcoins was created in and now supports almost every country in the world. So, no matter where you are from, you should be able to find buyers to sell your Bitcoin to. The great thing about P2P is that you can request any payment method you want.
Here are some examples of the different payment methods available on LocalBitcoins:. Sellers who know how to cash out Bitcoin can also choose the price they would like to sell their Bitcoin for.
However, if you sell to a buyer that has listed the price they want to pay, there are no fees. There is also a rating system like eBay, where you can leave feedback for the buyer or seller.
This helps you to remain safe when choosing a buyer. Local Bitcoins allows you to stay anonymous, too when choosing such payment methods as web money or gift vouchers , especially if you also use a reliable and safe VPN to secure your connection. However, some sellers decide to ask new buyers those who have no feedback to supply identification. First, you will need to open an account at Local Bitcoins.
You can do this by clicking here. Choose a username and a strong password. You also need to enter and confirm your email address. Then you need to choose the country where your ideal buyers are located. I recommend using your own country of course , however, this is up to you. In this example, I have selected the UK. You also need to enter the amount of Bitcoin you wish to sell.