June 15, 2021

Sell Bitcoin (BTC) in 2020– Step by Step Guide, Where to Sell Bitcoin (BTC)?

8 min read

There is no requirement to state that Bitcoin is # 1 cryptocurrency on the planet. Today, BTC is a synonym for the entire blockchain industry. It is rather apparent that if you ask somebody about cryptocurrencies, the first word will most likely be Bitcoin.

The state of the crypto market is presently extremely unsteady. The trend is as follows– the price for major cryptocurrencies is in decrease while the marketplace turned red.

coin360

For this factor, we’ve decided to supply you with the best locations that help you to sell BTC. The Changelly platform likewise offers instant exchanges for 150+cryptocurrencies. Purchase Crypto

through Changelly

Where to Sell Bitcoin (BTC)

There is a wide range of platforms that enables you to offer Bitcoin in a way that matches you one of the most. Do you wish to offer BTC through the conventional crypto exchange? Or, possibly, by means of a peer-to-peer (P2P) way? Possibly your country provides ATMs to cash out BTC? We are going to inspect them all.

But first things initially. To offer something, you have to at least buy something. In this case, we assume that you are currently a happy owner of BTC. Simply a fast pointer of what ought to be taken into account prior to BTC selling.

  • Ensure you store BTC in a safe cryptocurrency wallet
  • Check your personal keys

Sell BTC a P2P Way

BitQuick

bitquick

BitQuick is a P2P platform that declares you can sell (and buy )BTC in simply 3 hours. To offer BTC via BitQuick, a user should fill out the sell kind and deposit an amount of BTC he wants to sell to a customized escrow address. After that, a seller will receive a money deposit made by a buyer on BitQuick.

On the contrary, a user who wishes to buy BTC picks an ideal order from the order book and submits it. Then the user goes to the genuine bank and deposits cash to the associated account of the BTC seller. Once it’s done, the purchaser needs to take a photo of the invoice to show the deposit is made and upload it to the link gotten from BitQuick.

Founded Based Availability Costs
2014 Cincinnati, Ohio, USA In 49 out of 50 states of USA No fees

LocalBitcoins

localbitcoins

The service uses users to offer BTC quickly via a really P2P (person-to-person )method, as you make a trade straight with another person. In the age of digital trading, one may believe that such a payment technique sounds strange. Nevertheless, 3.6 M monthly users do not think so.

Individuals all around the world place ads for BTC, specifying the exchange rate they are willing to purchase or offer bitcoins. Users can meet each other in a secure place to purchase BTC with money. Online banking is available also. LocalBitcoins supports different payment methods like Paypal, Western Union, and other 60+ techniques and supplies escrow to protect clients’ funds.

Established Based Accessibility Costs
2012 Finland 248 countries including Canada and the USA (other than the state of NY) 1% cost per any transaction

Paxful

paxful

Paxful is another peer-to-peer market that links BTC purchasers and sellers together. The platform offers 24/7 consumer assistance and over 300+ payment techniques (consisting of bank transfers, PayPal, Cash In-Person, etc) which are quite convenient for novice traders in specific. You can even buy BTC with an Amazon present card!

Paxful enables you to quickly purchase and offer BTC through the website or on the go via its mobile application. The platform has its own Paxful mobile wallet that enables safe and secure storage of funds.

Founded Based Schedule Fees
2014 United States Worldwide (limited in Central African Republic, North Korea, and 10+ nations) 0,5% – – 1

%Sell BTC by means of Broker

Coinmama

coinmama

Looking for the fastest method to sell BTC? Well, Coinmama is there for you. Coinmama is a brokerage service for major cryptocurrencies– BTC, ETH, XRP, ADA, and so on. Although, the platform allows you to offer just BTC. Unlike crypto exchanges that play an intermediary function between sellers and buyers, Coinmama sells cryptocurrency directly to a user.

The platform has been on the market for a very long time. Today, Coinmama is running within more than 200 countries. The service is signed up under FinCEN in the United States of America. Hence, Coinmama offers stable work while protecting users’ funds. Coinmama accepts credit and debit card payments (Visa, MasterCard). Such services typically charge high commission fees.

Founded Based Availability Charges
2013 Israel over 200 consisting of Canada and the USA (limited a number of states) 5.9% (included in the end cost)

Sell BTC via Crypto Exchanges

Coinbase

coinbase

Coinbase is one of the most trustable exchanges out there. Enabling you to buy and sell BTC for USD and with a bank card, Coinbase likewise provides advanced trading features and a large choice of traded assets. Novice traders will not meet any issues with signing up a new account or handling crypto assets as the exchange has a pretty native UX/UI.

The exchange platform is managed and accredited. For that reason, in case you have any concerns with deposits or withdrawals, make certain it will be dealt with. However, Coinbase has high fees: 3.99% per deal will be charged if you transfer assets by means of a credit or a debit card.

Established Based Schedule Fees
2012 San Francisco, California, USA 103 countries consisting of the USA, the UK, etc. 1.49% (to offer BTC for USD)

Kraken

Being founded in 2011, Kraken stands among the earliest crypto exchanges on the market. The platform offers various trading instruments and features for trading to be smooth and safe. The exchange offers 5 fiat currencies USD, EUR, CAD, GBP, and JPY. The process of BTC selling is similar to other exchanges.

  • Create an account
  • Deposit BTC
  • Select a trading set BTC/USD and set an order
  • Await the deal to be performed

In case you have any concerns or questions, Kraken supplies strong consumer support and a comprehensive FAQ.

Established Based Availability Fees
2011 San Francisco, California, USA Worldwide (limited in Afganistan, Cuba, Iran, Iraq, Japan, North Korea, and Tajikistan). Charges differ

HitBTC

hitbtc

HitBTC is thought about to be one of the very best platforms to purchase and sell BTC. The exchange has been on the marketplace for practically a years, therefore having excellent know-how in cryptocurrency trading. HitBTC offers a large range of trading pairs (over 800) along with multiple advanced trading instruments and functions. The crypto exchange claims to be ‘The most advanced Bitcoin exchange’, while coinmarketcap ranks HitBTC as # 1 exchange in terms of liquidity.

The UX and UI are native, so there will be no problems to sell or purchase cryptocurrency. HitBTC benefits users for high-volume trading through its Trading Fee Tier system. Providing 2-factor authentication, whitelists, freezer, and so on, the exchange is rather strong in terms of security.

Established Based Accessibility Charges
2013 Hong Kong Worldwide (not offered in Afghanistan, Democratic Republic of the Congo, Cuba, Iran, the USA, and so on) 0.01% per any deal

Binance

binance

Despite being a relatively brand-new crypto gamer(established in 2017), Binance has rapidly dominated the hearts and minds of almost 23 million users around the globe. Binance offers a broad option of features and tools for cryptocurrency trading and a native UX/UI that suits experts and novices alike. Binance partnered with (read– bought) Trust Wallet two years back, so now traders can securely keep their funds in the wallet.

In 2015, the exchange launched a decentralized exchange platform, BinanceDEX, operating on its own Binance Chain Blockchain. The crypto exchange tries to boost the crypto market by supplying an academic platform, Binance Academy, and a BinanceLab that assists blockchain and crypto business owners.

Established Based Availability Charges
2017 Hong Kong, Malta Worldwide (restricted in some US states, China, Iran, and so on) 0.1%

Sell Bitcoin (BTC) in ATMs

There are 2 types of BTC machines that enable users to sell or to buy BTC. These are ATMs (Automated Teller Machine) and money kiosks. All you require is your credit or debit card, and in case you want to offer BTC, some Bitcoins. Both devices are linked to the internet and look like traditional ATMs. Among the core advantages of BTC ATMs is that you sell BTC and quickly get cash.

Some BTC ATMs link you directly to a crypto exchange. Be gotten ready for the reality that some ATMs may need an ID or phone number to determine you. Please note that to process any transaction some BTC ATMs need you to have an account on a crypto exchange.

Inspect a BTC ATM neighboring by means of Coin ATM Radar and Localcoin services.

BTC ATMs and BTC kiosks are a convenient method to offer Bitcoin. Nevertheless, they normally charge high commission fees approximately 18% per transaction and are not available in many nations.

Sell Bitcoin(BTC) for PayPal Today, you can immediately offer your BTC and receive funds back via PayPal. As pointed out above, such a P2P platform as LocalBitcoins, Paxful and a crypto giant exchange, Coinbase, enable you to sell BTC with PayPal and as a result withdraw fiat money. Just check whether PayPal withdrawals are readily available in your country. Please note that Coinbase charges a 3.75% commission charge for selling BTC with PayPal. Nevertheless, there are other choices, however.

CEX.IO

cex.io_

< img src ="https://changelly.com/blog/wp-content/uploads/2020/03/cex.io_.png"alt="cex.io _"class="wp-image-35912" width ="185"height="111"/ > A multifunctional cryptocurrency exchange CEX.IO uses a broad series of payment methods for both deposits and withdrawals. The platform was founded in 2013 and was a pioneer to supply cloud mining to the industry.

Having a pretty cool and easy to use UX/UI, selling BTC with PayPal by means of CEX.IO is not that challenging.

  • Create an account on CEX.IO
  • Deposit your BTC
  • Connect your bank card linked to PayPal
  • Offer your BTC and withdraw funds

The CEX.IO platform accepts both Visa and MasterCard (in any currency) along with PayPal Debit Mastercard and PayPal Extras MasterCards.

Founded Based Accessibility Costs
2013 London Worldwide (except 39 countries consisting of Algeria, Central African Republic, Iran, and so on) Visa and MasterCard withdrawals– 3.80%

Exchange Bitcoin Instantly through Changelly

Instant crypto exchanges are offered on Changelly– the platform that allows you to buy BTC or any other cryptocurrency for fiat USD, EUR, GBP or with your bank card.

[add-changelly-widget from=usd to=btc]

Bottom Line

As we can see that there are several methods to offer BTC. While Bitcoin is being the first substantial sensation in the cryptocurrency world, today it can be bought and offered even via ATM, PayPal, and other ordinary and remarkable payment choices. Whether you are brand-new to cryptocurrency or an experienced trader, the crypto market has lots of appropriate BTC offering deals for anyone.


About Changelly

Changelly is a safe immediate crypto exchange that has 150+ cryptocurrencies offered to be swapped and purchased market-best rates. Operating considering that 2015, the platform and its mobile application bring in over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent costs, and 24/7 live support.

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