how do you sell bitcoins

due to high-traffic or ddos attacks. You can register as a seller on platforms such. LocalBitcoin or, paxful have far more numerous options, including Moneygram, gift cards, cash in the mail, and even cash in person. The manager confirmed Id received the 6,700 and I released the coins. As I attempted to verify this transaction, there was an issue with my online bank account and I headed to an hsbc branch to get things sorted. Transactions are usually done via deposits or wires to your bank account, after which you are expected to transfer the agreed amount of bitcoin to the specified address. Bitcoin is not yet ready for his grandparents, but its getting there, he says. The exception is bitcoin ATMs some do allow you to exchange bitcoin for cash, but not all.

Bitcoin enthusiasts want you to also love bitcoins. Exchanges trades, arguably the simplest and most automated way to turn your Bitcoin into hard cash is through an exchange platform. For those of you who dont even have your first piece of the Bitcoin pie yet, make sure you read our guide on everything Bitcoin and how to make your first purchase. As the seller, fees are much less likely to be a problem for you than they are the buyer. Unlike credit card transactions, where you can dispute a purchase, bitcoin transactions are not reversible, so there is little recourse if someone improperly takes your bitcoins. She says bitcoin users and companies are eager to show they are legitimate, so they act more like traditional financial institutions, working carefully to avoid breaking any laws or regulations. You will need to register, which in some cases will mean confirming your identity, bitcoin to litecoin so as with all selling methods, wed recommend getting your account set up well in advance of when you actually want to sell.