In this article, we will answer the question ‘how to sell Bitcoin’ in detail, which is one of the most asked questions.
Different methods can be preferred to sell Bitcoin. Today, the most commonly used method to sell Bitcoin seems to be Bitcoin exchanges and cryptocurrency trading platforms. Besides all these, you can sell with Bitcoin ATMs, which are becoming more and more common day by day through transaction platforms based on person to person. There are currently a large number of Bitcoin exchanges around the world.
Cryptocurrency exchanges offer many unique features to their users, such as listing many coins, high-level security measures, always customer support, and different language support. Users carry out their transactions with the stock market with which features are suitable for them.
However, the most important point to be considered here is whether or not the stock market is reliable. When choosing an exchange, the comments of the people who use that exchange, what security stages they use, and whether they have experienced a hack attack before are of great importance. Also, before using the exchange, it is necessary to check whether the connection is secure.
Selling Bitcoin Directly
One way to sell Bitcoin is to sell it directly to someone else. This service is offered on websites typically associated with exchanges and is provided through a communication intermediary. First of all, after registration, you need to verify your identity as well as prepare your profile. After registration, you can send an offer stating that you want to sell Bitcoin. When there is a buyer who wants to buy, the service provider will send you a notification and from that point on, you will only deal with the buyer.
Exchanges are an important solution for selling Bitcoin, although they have major drawbacks. Exchanges act as an intermediary holding the money of both the seller and the buyer in cryptocurrency trading. First, you need to open an account with your preferred exchange. Most well-known exchanges require full confirmation of identity and a linked bank account. Then you need to make an offer stating the amount of Bitcoin you want to sell and the money you demand per unit. When there is a buyer who accepts your offer, the exchange automatically executed the transaction. After the money is in your account, you need to transfer it to your bank account.
Online P2P Sales
Peer-to-peer trading markets are a recent development in the Bitcoin. No direct sales are made. Instead, it serves as an important platform that decisively brings together people in need. The service in question is designed mutually to benefit those who want to sell Bitcoins with a credit card and those who want to spend their Bitcoins to make purchases from places that don’t accept digital currency. While those who want to buy convert their money into Bitcoin, those who want to spend can do whatever they want. Platforms that offer the service also offer escrow services and Bitcoin wallets.
Sell Bitcoin With QR
All you have to do is scan the QR code on the recipient’s phone and receive your money in person. You send it to a friend or acquaintance, it will be enough to send money to a Bitcoin wallet on their behalf and receive your money from them. If you’re trading with someone you don’t know, you’ll likely have a long haggling over price, location, and related issues. For the safety of yourself and your money, you also need to consider some things.
One of its biggest advantages is that it has an evaluation system. In other words, you can get an idea of the reliability of the user you want to meet. Since the price of Bitcoin is constantly fluctuating, the final exchange rate is usually determined during the call. Most users refer to the rates of the leading exchanges. For those who value anonymity and convenience, selling Bitcoin directly seems like an ideal option. Still, security measures are very important, especially when meeting with a stranger met over the Internet.