CoinCorner , which also services Europe, is a recommended option. In person exchanges such as LocalBitcoins is available almost globally. And while you are looking at LocalBitcoins, you should also check out LocalCryptos.
Its pretty much the same as localbitcoins, but they also allow you to sell altcoins. However, Bitcoin sellers are the most common, so make sure to check it and see if you get any better offers there. You can also use Decentralized exchanges like Bisq and HodlHodl make it easy to trade without giving custody of your coins to anyone else.
Larger exchanges, such as Coinbase , span several countries or entire regions. Smaller, local exchanges exist in most nations with a significant Bitcoin user-base. Services like LocalBitcoins allow you to arrange in-person trades for cash. A secure location, such as a bank or police station lobby, is recommended.
If you intend to do many such cash trades, you might want to invest in an ultra-violet counterfeit bill detector or a counterfeit detection pen. Also, if your buyer indicates any intention of using purchased bitcoins for illegal activities, cancel the trade immediately. For selling Bitcoin online, up to 70 different payment methods may be requested depending on your location , including traditional options such as bank transfer, PayPal , Western Union and so on.
Because it is decentralized, using Bisq is a little bit different than a traditional exchange. It is similar to using Napster or Limewire - There is no website to go and log in to. Instead, you must download the Bisq client.
This creates your own node on the peer-to-peer Bisq network. Once you have the software downloaded, no one - not even Bisq - can prevent you from trading on the network because you are running the exchange locally on your machine. Once you node is up an running, you will be given a recovery phrase to recover your node if your machine dies. Don't worry: you don't need to keep all the funds you want to trade in the local hot wallet.
Bisq just asks you to lockup a small percentage of your desired trade as a way to prevent spammers and fraudsters from using the network. If you want to learn more about Bisq and how it works, as well as some of the new functionality recently added to the platform, Unhashed Podcast did an interview with one of their lead developers if you want to understand better how a truly decentralized exchange can work.
HodlHodl is another decentralized exchange option. They work a little bit differently than Bisq, though. With HodlHodl, you do create an online account with the exchange. However, the exchange is not custodial. HodlHodl never takes possession of your funds, protecting you from exchange hacks and exempting HodlHodl from having to collect information about you that limits your privacy.
We think collecting this data does more harm than good by exposing law-abiding users to fraudsters and criminals. The information and documents users upload to exchanges has been stolen many times in the past. It also does very little to prevent actual money laundering and criminals from using those services. They always find ways. HodlHodl also recently open-sourced their exchange source code so anyone who wants to can copy it and start their own version. It is currently permissioned, however, meaning you have to ask HodlHodl to give you the source code.
The private sale method has several advantages; no fees, convenience and, depending on the level of trust and familiarity, the highest security. A good way to meet potential buyers for private sale purposes is to attend Bitcoin meetings or conferences in your area. Certain Bitcoin ATMs around the world enable you to sell as well as buy bitcoins.
Clicking the location markers provides detail on specific ATMs, including basic information such as address, operating hours, fees, limits and the type of ATM. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. It used to have registered offices in the UK, but they moved over to the Isle of Man at the start of Their interface is a little dated.
In most cases, you can sell your Bitcoin BTC and have it in your bank account just a couple of hours later. Bittylicious Review Bittylicious Website. Check out my Ledger Nano S review to learn more. Reviews Guides Resources. Overview of Option 1. This can take a few days. This will immediately sell your Bitcoin BTC at the best possible market rate. Your GBP will usually be deposited into your bank account a few hours after that.
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