Follow These Steps To Sell Bitcoins The Right Way Like A Pro
Selling Bitcoins can be difficult, especially if you don’t know how to go about it safely and securely. Sure, there are lots of ways to sell your Bitcoins and make some money, but there are also a lot of ways to get scammed into giving up your Bitcoins or even physical cash without getting paid what you’re owed. Follow these seven ways to Hold Bitcoin safely and securely and you won’t be left high and dry at the end of the day.
If you want to invest in cryptocurrencies, you should know how to buy Bitcoin. Similarly, you must also know how to sell it. Unless you’re a true crypto fan waiting for it to move fiat currencies, knowing when to take profits is critical.
There are several methods for selling bitcoin. So, before you continue, you should think about which one is best for you.
Selling Bitcoins- Here Are Some Helpful Options
Through Exchange Platforms-
The easiest way to sell bitcoin is through an exchange platform.
When choosing exchange platforms to sell you traded Bitcoins, you must note that the platforms usually charge a convenience fee to keep their services running. It will also restrict you to only some payment methods, and there will be some kind of centralized organization tracking the transaction, which many cryptocurrency users oppose.
Through Online P2P Networks-
Next comes the option to sell Bitcoins through a peer-to-peer (P2P) network. When you use a peer-to-peer network, the entire work of selling Bitcoins becomes easier.
Such platforms will help two parties agree to the selling contract and seal the deal the hassle-free way. This is sometimes possible on the site, known as direct trades, but it is usually done through a distinct bank transfer.
P2P trading includes selling cryptocurrency without being bounded by the limitations of an exchange. The best part about using a peer-to-peer (P2P) network is you can make use of it to do seamless wire transfers, send gift cards, shop frompopular online stores, send cash to others anywhere. Moreover, such network platforms also have convenient payment methods. Bitcoin Era app is simply a secure portal that allows people to enter the world of trading, specifically Bitcoin trading.
There are some issues with this, like what occurs if the buyer does not pay, and the peer-to-peer marketplaces will still know who you are.
Through Bitcoin ATMs
Next comes at the list the use of Bitcoin ATMs. The Bitcoin ATMs are another way to sell bitcoins in so many cities around the world. However, this alternative may not be accessible in your area, so you’ll need to do some online research before you get decided to start.
Users can use this service to deposit cash into a machine and obtain the corresponding amount of bitcoin. Some ATMs have daily cash withdrawals, while others necessitate verification from an owner’s team member.
However, because ATMs charge around ten percent in fees, they are usually used for cashing out rather than purchasing bitcoins. Bitcoin ATMs are known to be one of the most preferred choice options when it comes to converting Bitcoins into cash. They do, however, only work if the machine is loaded with cash and is in your geographical region.
When you meet in person to sell your traded Bitcoins, the process becomes easier. You simply meet the buyer, he givesyou access to his desired coin wallet that gives you access to buying Bitcoins.
Finally, at the end of the day, if you have Bitcoins and would like to turn them into cash, you have a few options at your disposal. You can trade them online, sell them to friends or family in person, or you can sell them on the open market through an online exchange, such as Coinbase or other similar platforms.
Regardless of which route you decide to take, it’s important to understand the risks and do everything possible to ensure that your Bitcoins are sold and transferred safely and securely every time. To help you understand better, aforementioned were certain important points which will hopefully be of assistance to you when planning to sell Bitcoins safely and securely.