Below we have outlined all the methods you can use to sell any amount of Bitcoin you might want quickly and easily.
Before you think about selling you need to figure out what currency you want to receive your cash in.
Selling on Bemnex
You will first need to ensure that you have made a cryptocurrency account on a selling platform. Now that you know what currency you want to receive the money in, you should check that this app does cash out in this currency.
Once you have set up your app and have been verified, you will need to transfer your coins to this platform. You can then hit the deposit or sell button in the app to select how many Bitcoins you would like to sell.
Then you can pick a sell price you are willing to accept and part ways with your Bitcoin for. This process can look different on each app, but if you look for the ‘sell’ or ‘trade’ button you should be able to get through this stage.
Selling in person
There are services available such as LocalBitcoins that allow you to arrange in-person trades for cash. It is recommended that these are done at secure locations.
If you are likely to do quite a few in person trades, then you might want to invest in an ultra-violet counterfeit bill detector or something that can help you determine if the cash you are receiving is real.
Selling privately
You can easily sell to your family and friends that you trust privately. There are many advantages to doing it this way, including no fees, convenience and high security depending on how well you trust and know the individual.
If you want to meet potential buyers that you don’t know then you could go to Bitcoin meetings or conferences or join social media groups surrounding this.
BitQuick is a service that will hold the seller’s Bitcoins until the buyer’s in-bank deposit is confirmed by the bank. This allows for easy transferring where both parties know that it is safe and secure to do so and is a great option if you are selling to a person you don’t know.
BitQuick will estimate how long the transactions should take which allows you to determine when you will actually receive the money.
Another way of selling privately is through Bitcoin ATMs. There are ATMs available throughout the world which enable you to sell and buy Bitcoin. Take a look online to see the locations where these can be found. Check what forms of identification are needed in order to use a Bitcoin ATM as some have some very secure measures, such as fingerprint scanners or ID book scans.