Selling bitcoins is not much different from buying bitcoins.Finding a Bitcoin exchange or trading partner that will pay you with your desired payment method is the first step.From there, you can complete a trade to sell your bitcoins.There are three ways to get cash for bitcoins: 1.Sell bitcoins in person for cash 2.Sell bitcoins at an ATM for cash 3.Sell bitcoins online for cash deposit Selling bitcoins in person for cash is a private way to sell bitcoins.In most cases no information is requested by the buyer, nor is there KYC or AML involved.LocalBitcoins is the most popular of many services that will help you find local buyers to meet in person.You may be able to find a cash trading partner at your local Bitcoin Meetup Group.Since these meetups are filled with fellow Bitcoin users, it’s not hard to find someone willing to make an exchange.If the meetup group in your area meets often, it may be a good way to find a trade partner to buy from on a regular basis.If there’s no meetup group in your area, checking Facebook for local groups is another way to find local traders.

This is how many people find trade partners in countries like Venezuela or Israel.Mycelium Local Trader is part of the Mycelium Android Wallet.It works like LocalBitcoins but has less users.If in a large city with lots of users, Local Trader may helpful for finding trade partners.For any cash exchanges, use the best practices explained at the end of this post.Bitcoin ATMs are another easy way to sell bitcoins for cash, if you’re lucky enough to have a Bitcoin ATM in your area.Some ATMs only allow for the buying of bitcoins, while some offer both buying and selling.You can use Coin ATM Radar to check locations and determine whether or not your local ATM offers both.Services like LocalBitcoins and BitQuick can help you accept cash payments for bitcoin online.You create a sell order on one of the sites.Once a buyer accepts your offer, they are given your bank account details.Buyers then make a cash deposit to your bank account.Once you confirm payment, the bitcoins are released from escrow to the seller.

Selling bitcoins online is convenient but much less private than selling bitcoins for cash.Using services like Coinbase or Circle it’s possible to sell bitcoins to your bank account (both) or to your credit or debit card (Circle only).Coinbase is available in the United States, most of Europe, Canada, and Singapore.Circle is only available in the U.S.Kraken and BitStamp are good options for Europeans.BitStamp’s newest feature lets its users cash out bitcoin for gold.LocalBitcoins is another option for selling online.Since LocalBitcoins is an escrow service, buyers and sellers are free to agree on trade terms.LocalBitcoins has no control over which payment methods are available.Users are free to use other common payment methods like Skrill, NETELLER, PayPal, or cash deposit.Visit the buy page of this site for more help finding an exchange in your country.There’s no reason that selling bitcoins must be limited to receiving fiat money.Now that it’s possible to buy just about anything with bitcoins, selling by buying goods may be a better option for some.

You can for example pay your monthly bills with bitcoins.Cashila, a European licensed payment processor, is a good option which lets you pay for bills or other services that accept a SEPA bank transfer.Even if you don’t need merchandise, buying gold with bitcoins is a creative way to “sell” bitcoins without using an exchange.litecoin locationBitcoin remittance companies, merchants, and traders may find themselves with large amounts of bitcoin.ethereum guide redditUsing OTC trading it’s possible to cash out millions of dollars worth of coins.infinite coin bitcoinGenesis and itBit currently offer the most liquidity among Bitcoin OTC trading.litecoin one block

These companies, however, are geared more towards institutions rather than individuals.If you are simply a Bitcoin holder and want to cash out then an exchange with high liquidity like Bitstamp, BitFinex, Kraken, or Coinbase may be a better option.Selling bitcoins for cash on LocalBitcoins will often yield the best sell price.bitcoin to aed chartLocalBitcoins buyers are eager to buy bitcoins privately, and are willing to pay up to 10% more.litecoin buy credit cardSelling in person requires more effort than other methods but is worth it if you intend to get the best price for your coins.bitcoin to sek chartSelling at a Bitcoin ATM usually isn’t a good idea as most charge 5-10% per sale.bitcoin extra flags

You can use Coin ATM Radar to check ATMs in your area to compare fees.Selling online to a brokerage or on an exchange is a decent way to cash out.Fees using these methods are usually 0.2-1% per trade.If trading for cash in-person, meet in a public space.There’s no reason to risk getting jumped or stolen from.ethereum token exchangeBoth LocalBitcoins and Mycelium Local Trader profiles show each user’s history and feedback, so only trade with buyers who have positive feedback over many trades.-- Zach Harvey has an ambitious plan to accelerate adoption of the Internet's favorite alternative currency: installing in thousands of bars, restaurants, and grocery stores ATMs that will let you buy Bitcoins anonymously.It's the opposite of a traditional automated teller that dispenses currency.Instead, these Bitcoin ATMs will accept dollar bills -- using the same validation mechanism as vending machines -- and instantly convert the amount to Bitcoins and deposit the result in your account.

"It's even easier than just using a regular ATM," says Harvey, 33, who demonstrated the device to CNET this weekend at the Free State Project's annual Liberty Forum."You could probably do it in about five seconds.The thing that would take the longest would be the bill validator taking in the dollar."Harvey and Matt Whitlock are partners in a New Hampshire-based venture, Lamassu Bitcoin Advisors, that's hoping to commercialize the ATM by selling to retail businesses, especially ones that also want to accept the decentralized alternative currency from customers."If we made these machines somewhere around $1,000 to $1,500 each, depending on the commission, they could be able to buy this and make it back within a reasonable period of time," Harvey says.Bitcoin has gradually increased in popularity since it appeared in 2009, with WordPress saying last fall that it would accept it as a payment method, and a handful of retail businesses, including Cups and Cakes Bakery in San Francisco, following suit.

The exchange rate now hovers around US$30 a coin, and about $300 million is in circulation.The technology represents an easy way to transfer funds across national borders, a process that currently can be slow and cumbersome with wire transfers.Bitcoin is less risky for online sellers than accepting credit cards, which can be disputed by customers.While not truly anonymous, it can be relatively private -- and is far more difficult for the U.S.or other governments to trace.Unlike modern currency, which can be brought into existence at the whim of politicians or a central bank, leading to each note being devalued, the number of Bitcoins is governed by predictable mathematical algorithms.That's made Bitcoin popular among libertarians and other activists skeptical of the Federal Reserve; the Free State Project accepts payment for its summer festival in Bitcoins, for instance.dollar has lost 96 percent of its value over the last century because of cumulative year-over-year inflation, according to federal government data.)