Where to Sell Bitcoin
Sometimes you need to exchange Bitcoin for USD or other currencies, read along to find out where
you can sell your bitcoins.
Selling on Coinbase
I highly recommend this method to anyone in the United States. All you do is deposit your Bitcoin to the address
listed on your Accounts page (by clicking "Get bitcoin address"), and then hit up the Buy/Sell Bitcoin page. Once
there you can visit the Sell page inputting the amount you'd like to earn in exchange for your BTC. Check out
to see the going rate for selling.
Selling on LocalBitcoins
Before you jump into this method, we advise you to read their Safety and Security
page so you know how to make sure you won't get ripped off. LocalBitcoins is sort of like "Craigslist" for exchanging BTC. You can either
meet up locally or use an online payment method of your choice. You can either sell to an open buy request, or post your own trade request
with your own terms/conditions. LocalBitcoins
is pretty straight forward.
Selling on Bitcoin Exchanges
You can join an online exchange such as Bitstamp
, or Kraken
. These websites
enable you to deposit Bitcoin to your account so that you can create sell orders. Then over time,
or even instantly, buyers will complete the orders giving you USD to withdraw. Please proceed with caution
though, you will want to thoroughly research the exchange you want to use. Sites like MTGOX
have ran into issues and shut down overnight. You don't want to get caught holding the bag.
There are plenty of other reputable places online to sell bitcoin, do a simple Google Search for "sell bitcoins" to find more.