How to sell bitcoin – For most people, the easiest way to sell bitcoin is using an online marketplace. There are many of these types of marketplaces available on the Internet today. A few popular ones include Coinbase, Coinmama, Bitpanda, LocalBitcoins, and ShapeShift. Most of them charge a fee (1-5%) for buying and selling bitcoins in exchange for their service.
how to sell bitcoin – 5 best ways
You can use your bank account or credit card to purchase and/or sell up to $9,999 worth of bitcoin daily via your bank account; you can buy up to $50,000 worth weekly via your credit card, and there’s also an “Instant Buy” feature that lets you buy bitcoin with funds from your credit/debit card.
You can purchase bitcoins with credit or debit cards without registration. There’s also an option to buy bitcoins instantly via the website by entering the bitcoin address where you’d like to receive your BTC. The fees are 6% for purchases and 7% for sales, which is about average for this type of service.
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This marketplace lets you use your bank account, credit card, Skrill account, SEPA transfer, SOFORT transfer, giropay, eps transaction or iDEAL payment methods to purchase various cryptocurrencies (including BTC). Transactions made via Skrill or giropay carry lower fees than when using BitPanda directly; however, the number of countries supported by the payments platform is limited.
You can purchase bitcoin using a bank transfer or by linking your PayPal account. Bank transfers often carry slightly higher transaction fees but are usually done within an hour of initiating the payment through LocalBitcoins’ escrow service. The website also offers various options for buying and selling bitcoin with other people in person or on different websites like Paxful. CoinDesk has an extensive guide to buying bitcoins on LocalBitcoins, which is worth checking out if you’re new to cryptocurrency and need some pointers about how to get started.
Buying cryptocurrency with fiat currency (i.e., U.S. dollars, euros, Japanese yen) typically requires both parties to have accounts on the same platform (or at least accounts on platforms that will facilitate the transaction). With ShapeShift, you can swap coins from one blockchain to another in minutes and purchase cryptocurrency with fiat currency without creating an account or giving ShapeShift any personal information. So long as you have a bitcoin wallet to send the BTC to after converting it from another cryptocurrency, you’re good to go — there’s no verification process beyond simply sending cryptocurrency from one address to another.
How To sell bitcoin for cash:
Use LocalBitcoins, Paxful or CoinATMrader. You’ll be able to quote prices based on what was paid for them and other market factors. Some people prefer meeting others locally and making trades in person; others want safe storage options where they know their BTC will be there later. One thing to keep in mind is that it can take longer to sell bitcoin for cash if you are selling online, as opposed to making a face-to-face trade.
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Finally, You’ll need to check with your country’s regulations and adhere accordingly. Here’s the U.S.’s regulatory guide, and here’s what they say about taxation for Americans who hold cryptocurrency and happen to file their taxes themselves (which even those who don’t usually do). Last but not least, you should always know where your money goes when you send it anywhere electronically. And that brings us back to good old fashioned bank accounts…