How to sell Bitcoins?

/How to sell Bitcoins?

How to sell Bitcoins? 2018-04-03T06:37:37+00:00
How to sell Bitcoins?

Quick inner navigation:

  1. How to sell bitcoins?
  2. Selling bitcoin in person
  3. Should I sell my bitcoin now? Or should I wait?

Nowadays, bitcoins have become one of the most trending and booming online businesses. Many people have made incredible profits from the business, and many others are highly interested in entering the business. As we’ve discussed in our previous articles there’s a number of methods of buying bitcoins – it can be as easy as buying bitcoin with credit cards, cash, PayPal, you name it. If you’re a bitcoin owner then you may wonder, weather can you sell bitcoins or not, and ask yourself, “How do I sell bitcoins?” The answer to these question is here, and you may find out below how to do it.

How to sell bitcoins?

There’s a number of websites that let you sell bitcoins online. See the list of some of the websites, for selling bitcoin – the terms they offer, along with a guide about how to use the website for selling bitcoins.

cex.io >>

On cex.io you can buy bitcoins and sell them later. It’s convenient, has a decent reputation and good customer support center. It offers four account types with different fees, limitations, and payment methods. The accounts are Basic, Verified, Verified Plus and Corporate.

  • Available payout methods: Visa, Mastercard, Bank transfer and crypto capital (the last two methods aren’t available to Basic accounts)
  • Fees:

Visa: $3.8

MasterCard: $3.8 + 1.2%

Bank transfer: $50

Crypto capital: 2%

  • Limitations:

Basic: daily 500, monthly 2,000

Verified: daily 50,000, monthly 300,000

Verified Plus and Corporate: unlimited

  • Handling speed:

Visa and MasterCard 2-3 days.

Bank Transfer varies depending on countries, usually the slowest method.

Crypto capital is the fastest.

How to sell bitcoins on cex.io?

  1. Go to cex.io
  2. Choose “Wallet”
  3. Select the payout method
  4. Fill in the information
  5. Type the amount of withdrawal you want
  6. Click on “Withdrawal”
  7. Enter the two-factor authentication (2FA) code that you receive on your phone
  8. Confirm

LocalBitcoins >>

LocalBitcoins is a platform available worldwide, where the buyers and sellers deal with each other. As a seller, you set the minimum/maximum amounts of bitcoin trade and decide the payment method for the buyer. You may also decide if you want your buyer to be verified or not.

  • Available payout methods: cash deposit, cash by mail, MoneyGram, PayPal, Web Money, bank transfers, in-person with cash. LocalBitcoin encourages sellers to avoid credit cards for safety.
  • Fees: 1%
  • Limitations: you choose
  • Handling speed: the fastest would be in person cash, bank transfers may last longer depending on your and the buyer’s location

How to sell bitcoins on localbitcoins.com?

  1. Get registered on localbitcoins.com
  2. Click on “quick sell”
  3. Fill in the information
  4. Choose a person you want to deal with
  5. Click on “sell”
  6. Type in the blue box the amount you want to sell and a message to the buyer
  7. Click on “Send trade request” to start the trade
  8. Send the buyer your payment information
  9. Send the bitcoins after you’re paid

BitPanda >>

BitPanda is another popular bitcoin trading website in Europe, where you can sell bitcoins. It has four types of accounts with different verification requirements: Starter, Bronze, Silver (coming soon), and Gold. Here are some details if you are interested in selling bitcoin instantly on BitPanda.

  • Available payout methods: Visa, MasterCard, Skrill, Sofortüberweisung, Neteller, SEPA, Skrill, Amazon, Giropay and online überweisung.
  • Fees: 5%
  • Limitations:

Starter:  Total 30,000 EUR

Bronze: 50,000 EUR

Silver: 150,000 EUR

Gold: total 10,000,000 EUR

  • Handling speed: most payouts are instant. SEPA may take a day.

How to sell bitcoins on bitpanda.com?

  1. Go to bitpanda.com
  2. Click on “sell”
  3. Fill in the information
  4. Log in
  5. Choose payout method and fill in the information
  6. Finalize

Coinbase >>

Coinbase is a platform for buying and selling bitcoin, available in 32 countries around Asia, North America, Europe, and Australia.You can either sell bitcoin on Coinbase website or use the Coinbase app, which is available for iOS and Android gadgets.

  • Available payout methods: Credit cards, bank transfers, PayPal
  • Fees: 1% variable fee, 2.49% fixed fee
  • Limitations: calculated automatically
  • Handling speed: US 4-6 days, Europe 1-2 days, Singapore 2-3 days

How to sell bitcoins on coinbase.com?

  1. Go to coinbase.com
  2. Enter the amount you want to sell
  3. Choose the wallet you want to sell from
  4. Choose the account you want to deposit to or use “Sell Max” to sell the entire balance of the chosen wallet
  5. Sell

247exchange >>

Bitcoin trading website known as 247exchange is available worldwide and doesn’t require verification in case of trading small amounts.

  • Available payout methods: credit/debit cards, bank transfers, cash (400,000 locations)
  • Fees: 1%
  • Limitations: $3,000 per day, $30,000 per month
  • Handling speed: credit/debit card and bank transfers 1-3 days

How to sell bitcoins on 247exchange.com?

  1. Go to 247exchange.com
  2. Choose the digital currency for sale
  3. Choose the withdrawal method
  4. Fill out the form
  5. Verify your identity if needed
  6. Get approved (within 15 min – couple of hours)
  7. Send bitcoin

bitcoin.de >>

Bitcoin.de is a European bitcoin trading website that lets users buy and sell bitcoins around the world. It offers four types of accounts: Bronze, Silver, Gold, and Platin.

  • Available payout methods: SEPA bank transfer
  • Fees: 1% via SEPA-transfer
  • Limitations: maximum quantity per offer for Bronze 2,000 EUR, Silver 25,000 EUR, Gold 100,000 EUR, Platin unlimited.
  • Handling speed: 5-35 days

How to sell bitcoins on bitcoin.de?

  1. Go to bitcoin.de
  2. Choose an offer from the right column “Sell”
  3. Find an offer matching your requirements (if none create a new sales order)
  4. Click on “Sell”
  5. Enter amount of BTC you wish to sell
  6. Click on “Sell now”
  7. Wait for the buyer to confirm

LakeBTC >>

LakeBTC is an exchange and a platform for users to trade bitcoins. However, it isn’t a dealer neither a reseller who sells/buys coins from users.

  • Available payout methods: Bank Wire, Western Union, MoneyGram, Cash, OKPAY, Perfect Money, PayPal, Pazya, Skrill, Neteller, Leupay, CHATS, LakePay.
  • Fees: 0.15% – 0.2%
  • Limitations: no hard limits, other than abnormal orders
  • Handling speed: 2 – 3 days

How to sell bitcoins on lakebtc.com?

  1. Go to lakebtc.com
  2. Click on “Wallet” in the Menu
  3. Choose the currency and payout method
  4. Wait to receive a confirmation email and in-browser notifications.
  5. Send the coins by following the instructions
  6. Place a bid
  7. Find a match
  8. Finalize

Exmo >>

The peer-to-peer marketplace is known as Exmo available worldwide in more than 200 countries.

  • Available payout methods: Debit/credit card, PayPal, crypto capital, AdvCash Perfect Money, OKPAY, BanContact, Payza, Money Polo, Neteller, GiroPay, SEPA, Payeer, EX-CODE, Visa, and MasterCard.
  • Fees: 0.2%
  • Limitations: for the BTC/USD currency pair the minimum quantity is 0.001, maximum 100
  • Handling speed: 2-15 days

How to sell bitcoins on exmo.com?

  1. Go to exmo.com
  2. Click on “Buy & Sell”
  3. Enter the amount you sell
  4. Choose instant order or limit order
    • If you choose the instant order, the deal will be closed at the current best price.
    • If you choose the limit order, and if your offer isn’t among the best deals in the market, you have to wait for someone to accept it. Otherwise, pick from the order list and the sell form will be automatically filled with the order details.
  5. After the orders are filled in, click on the “Sell” bottom.

Paxful >>

Paxful is a bitcoin trading company available around the world. You are able to sell bitcoin on the Paxful platform.

  • Available payout methods: Debit/credit card, PayPal, Perfect Money, Payoneer, TransferWise, Skrill, bank transfers, GTBank Nigeria, iTunes gift card, cash in person etc.
  • Fees: 1%
  • Limitations: $50 – $5,000
  • Handling speed: the transactions are instant

How to sell bitcoins on paxful.com?

  1. Go to paxful.com
  2. Create an account
  3. Make a sell offer
  4. Fund your wallet with enough bitcoins to cover the sale
  5. Find a customer
  6. Complete the trade

Coincorner >>

Coincorner is a bitcoin trading website mainly available in Europe and UK. It gives users the tools for trading bitcoin with very little interference.

  • Available payout methods: digital currency, bank transfer SEPA
  • Fees: 1% + SEPA fee 1.5 EUR
  • Limitations: minimum 100 EUR
  • Handling speed: 3-5 days

How to sell bitcoins on coincorner.com?

  1. Go to coincorner.com
  2. Log in
  3. Go to “Sell”
  4. Choose the currency (e.g. sell bitcoin for USD)
  5. Type in the amount you sell
  6. Place the order

BitLio >>

BitLio is a platform providing different services with bitcoin. Besides buying and selling, you can even pay bills with bitcoins.  It’s available in 40 countries.

  • Available payout methods: bank transfers
  • Fees: 0%
  • Handling speed: 3-7 days

How to sell bitcoins on bitlio.com?

  1. Go to bitlio.com
  2. Sign in
  3. Click on “Instant Buy & Sell”
  4. Enter amount you sell
  5. Click on “Sell Bitcoin”
  6. Place the order
  7. Confirm the transaction

BitQuick >>

BitQuick is a platform for buying and selling bitcoin in 49 states of the U.S.

  • Available payout methods: cash deposit, SEPA
  • Fees: 0%
  • Limitations: 9,999 USD/EUR
  • Handling speed: 1-2 days

How to sell bitcoins on bitquick.co?

  1. Go to bitquick.co
  2. Click “Sell”
  3. Follow the instructions

Selling bitcoin in person

“How do I sell bitcoin for cash?” is a question asked by many bitcoin owners. If you want to do it fast – selling bitcoins in person is a good option for you.

To find a buyer you may use some of the websites listed above or through Facebook groups and online forums.

However, you need to be careful and avoid dealing with suspicious people. It’s convenient for selling big amounts of bitcoins but can be quite dangerous.

Pros

  • No fees
  • Fast
  • Anonymous

Cons

  • Depending on your location it may be hard to find a buyer
  • Suspicious people

Should I sell my bitcoin now? Or should I wait?

First, you need to think more rationally rather than emotionally and try to evaluate the situation.  One of the main pushers of the bitcoin prices has been its high prices itself. You might think that bitcoin is worth much now, but if everything continues with this pace then Bitcoin prices could be around $100,000 by the end of 2018. This year alone the rise in Bitcoin price has been around 1,000%. The consumer protection will definitely increase during the time, which will make you feel more secure as a bitcoin owner. In other words, think twice before hurrying to sell out your bitcoin and learn from the experiences of those who were patient enough and earned a fortune thanks to bitcoins.

To sum it up

As an efficient medium of exchange bitcoin is a good platform for taking advantage and being among the first (from the world population’s point of view) in using it. Currently, there are a number of ways and platforms that let you sell bitcoin. We hope this article helped you in deciding how to sell your bitcoin. Thank you for your interest and please check our other articles to learn more about bitcoins along with other cryptocurrencies.

Leave A Comment3 Comments on "How to sell Bitcoins?"

  1. Shaw84
    Shaw84 March 26, 2018 at 7:09 pm

    My experience in trading bitcoins (sell or buy) has been super awesome at furcoins, no sign up required, no identity card verification, yet, they are fast, safe and reliable!

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  2. Gray Tiffany D.
    Gray Tiffany D. April 3, 2018 at 4:19 am

    I was recommended to use furcoins(.)com to sell some of my bitcoins holdings and since I started, it has been cool and it is my most preferred bitcoins exchange platform in that, its cheaper, safe and anonymous

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