Bitcoin has become a popular investment and trading currency as everyone is willing to use it for making transactions. Some users also buy and sell bitcoins to make huge profits by using its high price volatility. When it comes to buying and selling bitcoins, there are several things that you need to know. Everyone knows about the ways to buy bitcoins, but users have minimum knowledge about the methods to sell bitcoins. So, some of the top methods to sell bitcoins are as follows.
Online exchanges
There are several ways to sell your bitcoins, but one of the easiest and most popular ways is through online bitcoin exchanges. These are online platforms where bitcoins buyers and sellers meet and trade bitcoins. If you want to sell your bitcoins with great ease and comfort, a bitcoin exchange is a right place. All you need to do is choose an online bitcoin exchange and create an account on it. There are several bitcoin exchanges, but you must choose the one which is well-reputed, reliable, safe, and trusted. Each exchange has a different registrations process as you may have to go through an indentity verification and process and also link your bank account for easy payments. You can check the website homepage to know more about Bitcoin uses.
Once you create an account on the exchange, it will become immensely easy to sell bitcoins as all you will have to do is place a sell order in the exchange. You can specify the price at which you are willing to sell and the currency in which you want to trade. Once the exchange finds a buyer who agrees with all the conditions, your bitcoins will automatically be sold, and the amount will be deposited in your account. Later, you can withdraw the funds and transfer them to your bank account.
Direct P2P selling
Another popular and incredible way to sell bitcoins is P2P selling. There is a wide variety of ways in which you can sell bitcoins P2P as you can either directly meet the buyer and transfer the bitcoins or can also go or online transfer. Online P2P selling is highly convenient as you can sell bitcoins for cash or any other currency over an online platform or bitcoin exchange. You must choose a well-reputed exchange so that all your funds and sensitive information are safe. Bitcoin buyers post their requirements and payment option on these online exchanges, and the sellers who find it suitable can approach them to sell the bitcoins.
These P2P platforms have unique systems to ensure security for buyers as well as sellers. There are several payment options that you can choose as you can either get the money transferred directly to your bank account or can also go for a wire transfer, whichever suits you the most. Another method for P2P selling is making face-to-face transactions. For instance, you can meet the buyer directly and transfer the bitcoins to his/her account and receive online payment or cash in return. It is also a popular and secure way to sell bitcoins.
Use bitcoin ATMs
With the development in technology, several innovative methods to selling bitcoins have surfaced, and one of them is the bitcoin ATM. It is like a basic ATM machine, but instead of withdrawing cash, you can use it for buying and selling bitcoins. These machines are connected to the internet and allow you to Scan the QR code of your bitcoin wallet and sell bitcoins easily. If you want to sell bitcoins for cash, a bitcoin ATM is the right place for you. There are several bitcoin ATMs located in different parts of the world, but the only issue with them is that the transaction charges are a bit higher as compared to other methods.
Moreover, all bitcoin ATMs don’t offer both buying and selling options, so you must be careful while choosing a bitcoin ATM for selling bitcoins and must check if it offers the selling functionality. If you are using it for the first time, you may have to go through some verification process and provide basic details such as name, phone number, ID proof, etc. However, the verification process varies according to different ATMs, so you can compare a few of them and choose the most suitable and convenient one.
