If you want to sell bitcoin.

People who have some bitcoin and are new in this area, can still find out what the best way to sell BTC. There is no one correct answer to this question. In any situation, the most preferable option is to use online exchanges with a positive reputation.

The sale of bitcoins for cash can be considered as an alternative. However, one cannot always be sure that he or she will benefit from surgery because of problems with price or security.

However, all exchanges allow you to sell, as well as buy. What type of exchange do you decide to sell your bitcoin, will depend on what type of holder you are: a small investor, institutional holder or trader?

Some platforms, such as GDAX and Gemini, are aimed more at large orders from institutional investors and traders.

Retail customers can sell bitcoin on exchanges such as Coinbase, Kraken, Bitstamp, Poloniex, etc. Each exchange has a different interface, and some offer related services such as secure storage. Some require a confirmed identification for all professions, while others require more relaxed, if small amounts are involved.

You can, if you want, exchange your bitcoin for other cryptoassets, and not for cash. Some exchanges, such as ShapeShift, focus on this service, allowing you to switch between bitcoins and air, Litecoin, XRP, dash and a few others.

Another alternative is direct sale. You can register as a seller on platforms such as LocalBitcoins, BitQuick, Bittylicious and BitBargain, and interested parties will contact you if they like your price. Transactions are usually made with the help of deposits or wires to your bank account, after which you expect to transfer the agreed amount of bitcoins to the specified address.

Or, you can sell directly to friends and family when they have a bitcoin-purse installed. Just send the bitcoin, take cash or mobile payment and together drink a holiday drink.

Marvin Williams

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