Planning To Sell Your Bitcoins? Take Help of This Mini Guide
When it comes to trading in Bitcoins at Bitcoin Era, the first thing that comes to our mind is where do we sell it, right? However, this question comes into the picture when we become interested in cryptocurrency assets. However, only having asset is not enough unless we get the right price for it. Visit at: https://bitcoin-profitapp.com/
As a Bitcoin trader, you should note that the selling and buying of Bitcoins are not entirely different process. Both of them requires a crypto wallet to complete the transaction. And just like the purchasing process, selling has also several paths such as:
- Direct trades on-site
- Selling in-person
- P2P transaction online
- Crypto Exchanges
- Bitcoin ATMs
Below, this article highlights in detail some points which will help you know more about selling Bitcoins the right way. Read on to know further.
The direct selling of Bitcoin comes with two options. You can either fix a meeting with the other person whom you want to sell the bitcoins and meet in the determined place. You can easily sell it to them face to face. On the other hand, if meeting is not possible, you can sell it online on through a reliable platform.
Selling In Person
Selling the bitcoins face to face by meeting your buyer is a very convenient option. However, what you need to take care of is at the moment of selling bitcoin, what is the value of it. Take the rates from some reliable and authentic platforms.
Also, there are places set up for making such deals. You can meet up there or anywhere else easily to get you bitcoins sold. Knowing the exact value of that time is important because the value of bitcoin is highly unstable. Also, you need to take note that the value of bitcoin differs in region from region and platform to platform as well.
Using Peer-To-Peer Exchange Platforms
One of the most common ways to selling bitcoin is using peer-to-peer platforms. There are several platforms that uses the peer-to-peer connection. Using these platforms, you can easily cash out your bitcoin or the other way round.
The platforms have multiple security level to ensure that both the buyer and seller and not being fraud.
Also, when someone wants to sell the bitcoins, they need to make a complete list of what prices they want and using which medium they want their money.
Using Crypto Exchange Platforms
Crypto exchanges act like the intermediary who helps both the buyer and the seller. To use the exchange for selling purpose, one needs to open an account on the exchange. Once that is done, you are required to connect your preferred bank account with the exchange platform you are dealing with.
Then, you need to make the sell order putting all the details about what you want to sell and how much price you would prefer. The best part is you don’t even need to get yourself a seller. The exchange itself complete the transaction when it finds who’s buying preference matches with your selling one.
Why Choose To Sell Bitcoins Using Exchange Platforms?
The advantages of bitcoin selling on bitcoin exchanges are plenty. Keep reading:
- With the exchange, any amount of bitcoin selling is possible.
- This process is very fast and easier.
- You get the price which is very close to the market rate. It means the transaction fees are minimal.
- You can set some limit on your sells.
However, remember that verification is needed for crypto exchanges. also, you will not find the crypto exchange accessible at any part of the world.
Bitcoin ATMs are a bit different than our traditional ATM machines. However, it shares the same look with the traditional cash withdrawal machine. In this case, you are not required to link any bank account; all you need is a stable internet connection.
The Bitcoin ATMs are set up all across the globe. The procedure of the machine is it scan the QR code from your phone and sell the Bitcoin. And give you the cash. But, using this method, you pay more transaction fee than the other methods.
Here are all the common and convenient options of selling your Bitcoins. Bitcoins selling is not hard. All you need is the knowledge and the rate of the Bitcoins in the market while it is being sold.