The first thing people notice when they want to sell bitcoins is that the process is not as straightforward as the one of buying it. When you decide how to transform the digital currency into real cash, you will have to decide if you want to sell the coins in person or you want to use an online platform. Every one of these options has great advantages, so you should check online and decide which one of them is the right one for you. The majority of people recommend selling bitcoin online, because it is one of the most common ways of trading digital currency. So the first thing you have to know, if you choose this option, is that there are three ways from which you can select. The first one requires an intermediary to facilitate the connection between you and the buyer. The second one involves using an online exchange website, and you will offer bitcoins to the exchange platform and not to the individual. The third one requires using a peer-to-peer trading marketplace. In case you want to get pm to bitcoin, then this is the option you should choose.
If you opt for a direct trade, then you should know that there are plenty online websites from which you can choose. You will have to make a seller account and this involves the website verifying your identity. When you have an account, you can post your offer and when someone will consider it interesting you will be notified that there is a client willing to trade with you. From this point, all your interaction is with the buyer, but you have to know from the beginning that you will have to use the website to complete the transaction. In case you do not consider this option suitable for your needs, then you can sell bitcoin through an exchange trade. This means that you will have to verify your identity, but the process should be easier than when you opt for a direct trade.
The exchange website will act as an intermediary and it will hold your funds. You only have to place a sell order and state the amount of Bitcoins you want to sell and the type of currency you wish. When someone will place a matching order, you will be informed that the transaction is completed. You will receive the currency into your account. When you choose the exchange trade website, you should check if they require you paying a fee, because some of them have established taxes. If you want to exchange the Bitcoins with the help of a peer-to-peer marketplace, then you should know that these online platforms bring together two groups of people with complementary needs. One group wants to use digital coins to buy goods from sites that do not accept Bitcoins and the others want to buy digital currency. The marketplace will act as your intermediary, and the buyer will get you discounted goods, and you will offer them bitcoins in exchange. Depending on your needs and preferences, you should decide which one of the above options is the right one for you.