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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 Coinbase 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, Circle, BTC-E, 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 (now defunct) 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.

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