What You Need To Know In Selling Bitcoins

Bitcoin is a type of e-currency that has paved the way for other cryptocurrencies following its success. It’s been deemed as the currency of the future that will ideally replace the current currencies that the word has, unifying everyone on paperless currencies that doesn’t have loyalty to a specific country. It’s a very ideal currency but currently its very far from it.

Because in its stages now many people see it as an opportunity not to buy goods and services but to sell and be converted into the same currencies that it’s trying to eliminate. When it comes to selling bitcoins there are many ways and means to do it. Below you can find the common means of how bitcoins are being sold.

selling bitcoins

The exchanges platform: The common places where people go out and sell bitcoin is thru exchange platforms. These platforms are a common ground for like minded people and you don’t have to worry about not able to trade your bitcoin, it’s a surefire way. The most common ones are:

  • CEX
  • Coinbase
  • Kraken

Peer-to-peer (P2P) exchanges: The type of exchanges that are direct and doesn’t really require a system or a platform to make the deal. It’s the most direct exchange of all. Below is are places that people go to:

  • LocalBitcoins
  • Paxful

The bitcoin ATM: The bitcoin ATM isn’t a bank, it’s not affiliated with any banks as well too, it basically allows the purchase of bitcoin thru an ATM that is directly connected to the internet (bitcoin exchange rather). The famous one today is Coinatmradar.

Bitcoin GF (gift cards): If you want to give someone a gift of bitcoin in the holidays, birthdays, weddings, anniversaries, awards and so on. The popular one in the market is bit4coin.

A retirement account com: What most people don’t know is that bitcoin can help fund your retirement. Just link your details to a bitcoin platform and voila! No need to go through various channels just to get that done.

Selling bitcoin for USD: selling bitcoin for a popular currency like USD is the most common of all. Below are the popular and most common places to do so:

  • CEX
  • Coinbase
  • Gemini
  • kraken

Sell bitcoin for cash: The easiest way to sell bitcoins is selling it directly to a person or a group of people, like arranging a meet like a cash on delivery type of a thing. Below are the known places where you can find people to buy it:

  • Bitcoin ATM
  • LocalBitcoins
  • com
  • Paxful

Selling bitcoin is a natural occurrence since people do need to feel the result of their profits in cryptocurrency. The usual route has always been going the high road and going through various channels in order to convert bitcoin in a local currency and that is even if your crypto is bitcoin, if you got other currencies, it still needs to be converted to bitcoin and so on. Its a good thing that there are many ways to sell it like the ones mentioned above.