How to Sell Bitcoin

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.

  • Popular Exchanges
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
  • Coinmama
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker
  • Kraken
    • Great liquidity and low fees
    • Supports most countries
    • Trusted exchange, started in 2011

Sell Bitcoins in the United States

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.

Sell Bitcoins in Canada

The big American exchanges, Coinbase and Kraken, are also available in Canada for purposes of selling Bitcoin for Canadian dollars.

All major decentralized services are available in Canada.

Sell Bitcoins in Europe

Coinbase, Kraken and Coinmama are some of the biggest exchanges servicing Europe.

Sell Bitcoin in the UK

UK-based Bitcoin sellers have extensive options when it comes to exchanges. Coinbase, Kraken and Coinmama are all represented in the UK.

The major decentralised exchanges are available in the United Kingdom, as well as the UK-only, peer-to-peer marketplace, BitBargain.

Sell Bitcoins in Australia

The major global exchanges are absent from Australia. CoinCorner, which also services Europe, is a recommended option.

Selling Bitcoins for Cash

Services like LocalBitcoins allow you to arrange in-person trades for cash. A secure location, such as a bank or police station lobby, is recommended.

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.

LocalBitcoins

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

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.

Private Sale

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.

Bitcoin ATMs

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.

Sell Around the World

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: