How to Sell Bitcoin?

Today almost all methods available to buy bitcoin also offer options for selling.

The exception is bitcoin ATMs - some do allow you to exchange bitcoin with cash, but not all. Coinatmradar will guide you to bitcoin ATMs in your area.

All exchanges allow you to sell and buy. What type of exchange do you choose to sell your bitcoin will depend on your type of holder: small investors, institutional holders or traders?

Some platforms such as the GDAX and Gemini are more aimed at large orders from investors and institutional traders.

Retail clients can sell bitcoin on exchanges such as Coinbase, Kraken, Bitstamp, Poloniex, etc. Each exchange has a different interface, and some offer related services such as secure storage. Some require verified identification for all trades, while others are more relaxed if small amounts are involved.

(Of course, don't forget to state whatever profits you make from sales to the relevant tax authorities!)

You can, if you want, exchange your bitcoin with cryptoasset other than with cash. Some exchanges like ShapeShift focus on this service, allowing you to exchange between bitcoin and ether, litecoin, XRP, hyphens and several others.

Another alternative is direct selling. You can register as a seller on platforms such as LocalBitcoins, BitQuick, Bittylicious and BitBargain, and interested parties will contact you if they like your price. Transactions are usually made by deposit or cable to your bank account, after that you are expected to transfer the agreed amount of bitcoin to the specified address.

Or, you can sell directly to friends and family after a bitcoin wallet is prepared. Simply send bitcoin, collect cash or cellular payments, and enjoy a joint drink. (Note: it is generally not a good idea to meet strangers to exchange bitcoin with cash. Secure.)

(Note: certain businesses mentioned here are not the only available options, and should not be considered as recommendations.)

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