Last updated on October 13th, 2017 at 06:57 pm
How to Sell Bitcoins? There are a number of ways to sell bitcoins. You can sell them to friends and family members using paypal, credit card or check card. For the sake of security and instant bitcoins selling, we’re going to concentrate of a few services where you can sell your bitcoins online instantly and securely.
Bitcoins rate is going up daily. It is the hottest virtual commodity in the market currently. Selling your bitcoins now may be a good idea because you can potentially loose a lot of money if the upward trend of bitcoins continues in the future. How to sell bitcoins become a lot easier as a lot of popular financial institutions are taking advantage of this virtual currency phenomenon. You need to be careful, however, there are a lot of scams going on right now.
ALSO SEE: How to Buy Bitcoins
Before you decide to unload your bitcoins, be sure to check the current market rate, and read some of the historical graphs that may help you determine if it’s time to sell. However, if you have made up your mind that you want to sell your bitcoins no matter what, follow the ‘how to sell bitcoins’ instructions below.
What is Bitcoin
Video credit: weusecoins
How to Sell Bitcoins
Selling bitcoins with Coinbase (recommended)
STEP 1: Get a bitcoin wallet at coinbase
STEP 2: Go through the steps to complete your profile (Including: adding/verifying your e-mail, phone number, bank account, credit card, identity). Complete these steps will help increase your account limit (the amount you can buy and sell daily). Click on Account Settings under your name and click Limits and Verification.
STEP 3: Click on Sell Bitcoin button and sell away. The rate at which you’re selling is automatically displayed
Other places you can sell bitcoins
- AvaTrade (Recommended)
- localbitcoins.com – buy, sell, trade bitcoins locally
- bitstamp.net – one of the newest places to sell bitcoins
- mtgox.com – one of the more popular bitcoin traders
- virwox.com – one of the oldest bitcoin exchange site
View the complete list of bitcoin exchange sites here.
NOTE: You can sell your bitcoins locally at LocalBitcoins.com