This website tells you everything you need to know about how to buy bitcoin.
What about the other side of the coin: how to sell bitcoin?
The exchanges you’ll discover through this site are the obvious answer but there are other methods.
Even more important than the particular method of sale, deciding the proper asking price for your bitcoins ensures a profitable and successful exchange.
This guide will cover all these topics in detail.
Coinbase is a prominent and feature-rich exchanges which allow you to sell Bitcoins for USD.
Kraken also caters to Americans. It has high volume and advanced trading features. Ensure that you read the respective documentation for all these exchanges for further information on trading limits and terms.
All major decentralized services are available in the US, although LocalBitcoins and BitQuick don’t operate in the state of New York due to the BitLicense legislation.
All major decentralized services are available in Canada.
If you intend to do many such cash trades, you might want to invest in an ultra-violet counterfeit bill detector. Also, if your buyer indicates any intention of using purchased bitcoins for illegal activities, cancel the trade immediately.
Perhaps the most well-known decentralised exchange, LocalBitcoins facilitates both online and in-person trades.
For selling Bitcoin online, up to 70 different payment methods may be requested (depending on your location), including traditional options such as bank transfer, PayPal, Western Union and so on.
BitQuick is also considered to be fairly decentralised; this service escrows the seller’s bitcoins until the buyer’s in-bank deposit (to the seller’s account) is confirmed by the bank.
For individuals who know and trust each other, such as family, friends and business colleagues, there’s no compelling reason to use any go-between service.
The private sale method has several advantages; no fees, convenience and, depending on the level of trust and familiarity, the highest security.
A good way to meet potential buyers for private sale purposes is to attend Bitcoin meetings or conferences in your area.
Certain Bitcoin ATMs around the world enable you to sell as well as buy bitcoins. Check out our Bitcoin ATM Map for locations. To list only ATMs which buy Bitcoin, ensure that the checkbox marked “crypto -> fiat” is ticked and disable the “fiat -> crypto” box.
Clicking the location markers provides detail on specific ATMs, including basic information such as address, operating hours, fees, limits and the type of ATM. The “read more ->” link should provide contact details for the ATM’s owner should you require any further information. It’s best to enquire in advance as to what form of identification is required to use a Bitcoin ATM; some have rather invasive information requirements, such as fingerprint or ID book scans.
To view all the available sale venues in your location, obviously excluding the private sale method, consult the Buy Bitcoin Worldwide “Find a Bitcoin Exchange” page.
Decentralized exchanges such as LocalBitcoins available (almost) globally.
Larger exchanges, such as Coinbase, span several countries or entire regions. Smaller, local exchanges exist in most nations with a significant Bitcoin user-base.
Here are some specific recommendations for the English-speaking world: