If cash or bank wires arent for you, then its also possible to receive payment via alternate payment services and methods, such as: Amazon Gift Cards, google Play Gift Cards iTunes Gift Cards, moneyGram. Whether you go through a P2P site like BitQuick or LocalCoins, you use an ATM, or you go through a bitcoin exchange, it is easier than you think to convert your cryptocurrency funds into fiat funds and withdraw them. All fees are paid by the buyers (except cancellation fees, if you choose to revoke your sell order). The company has stated that there are around.35 million users globally right now, and that weekly transaction volume is equivalent to around 14 million. If you have the time and inclination to do in-person trades, you could probably get a higher price for your coins this way. By exercising common sense and thoroughly educating yourself on the trade process, you should be fairly safe.
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Step 2 - Verify Your Account: To sell Bitcoins (BTC you first need to get approved for purchase by verifying your account. Selling bitcoin is fee-free, as is cancelling the order if you change your mind. For example, you will have to be on guard against counterfeit fiat and robbery attempts. You should first check the current price of Bitcoin on some popular exchanges or indexes. How To Exchange iTunes Gift Card For Bitcoin On Paxful. Vendors pretend to buy gift card and pay naira but will refuse to release bitcoins to the buyer. You probably are aware that there are bitcoin ATMs now where you can walk up and buy bitcoin with cash.
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On the left, choose BTC as the currency that you are selling. Still, a lot of people prefer a method where less can go wrong. Cons: You have to deal with another person face-to-face. Check out this chart at Coin ATM Radar, though, which shows that nearly a third of bitcoin ATMs now support two-way transactions. On CEX exchange you will usually get a premium when selling bitcoin. Once you have transferred your fiat funds to a bank account, you can withdraw your cash anytime via a standard ATM. How to get the best price for your coins when you decide to sell them. Although its not necessary to be in the same country or banking region as your buyer or the exchange, in practice this will help to keep fees and delays to a minimum. Pretty much anyone with a bank account can sell Bitcoins this way, either through a private deal, decentralized exchange, or centralized exchange. Waiting for buyers to take your offer is an especially good practice on certain centralized exchanges. This is where you provide your bank account number to the buyer, who then walks into a branch of your bank, fills out a deposit slip, and then deposits cash directly into your account. One email a day for 7 days, short and educational, guaranteed.
Enter in the approximate value of the bitcoin you are trying to sell, select the currency of cash you want to receive, choose a country, and then pick a payment method. By using this method, your selling price will not be fixed but change how to sell your bitcoin for money in accordance with the live Bitcoin price, plus or minus your set percentage. Time the Market Check what price other sellers are asking for and set your own accordingly. Legit Bitcoin Investment, but if you want to convert your iTunes gift card to Naira, Cedis or RMB, click here. Here the user is able to type out any additional details that he or she wants you to know. Deposit the bitcoin into. It may also be helpful to know that the following types of ATMs are most likely to allow you to sell bitcoin: GenesisCoin, specifically Genesis1 and Satoshi2 machines Robocoin (largely defunct) BitAccess General Bytes, specifically batmthree models Note that. If you see that people in your country are willing to pay above the international rate, you will shortchange yourself by charging them less.
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As the name implies, it was set up to make it quick and easy to buy and sell bitcoin. On the whole, it is hard to beat BitQuick for sheer convenience. If you how to sell your bitcoin for money know some trustworthy people who want to buy Bitcoin, then youre all set. However, be aware of the extra risks of this method. You can find your iban on your bank statement or by logging into your online banking system. Once you have completed the transaction, you will have fiat funds in your account. By researching this topic, you can learn how to manage such risks. Deposit bitcoin into your account.