selling bitcoin

selling bitcoin Direct deals On direct deals today specialize sites such as LocalBitcoins and Coinbase in the US, Bittylicious and BitBargain in the UK. In order to sell the crypto currency, these portals need to register as a seller. In addition, it is required to provide official identification documents. After successful registration, the user can post the offer, and then - receive from the site of the notice when the buyer appears. From this moment, the interaction is exclusively between the parties, bypassing any intermediaries. The service also provides the necessary infrastructure for the successful completion of the transaction. Sale on the exchange You can also sell bitcoins on the crypto-exchange. To do this, too, you need to register, provide personal information, but the transaction is much easier. The exchange is an intermediary, which controls the funds of buyers and sellers. Sellers place on it their application for sale, indicating the amount, currency, as well as its value. When the customer appears, the service will automatically execute the transaction. Crypto currency will be transferred from the seller’s account to the buyer’s account, the seller will receive money. The disadvantage of this method is that when selling bitcoins for fiat money, the amount received will have to be deducted to the bank account. If the exchange is experiencing a liquidity deficit, or problems with banks, then the withdrawal process may take a long time. Peer-to-peer trading platforms In the bitcoin space, sites like Purse and Brawker have recently appeared. Their task is to reduce people with complementary and specific needs. These are, for example, people who want to purchase goods on websites that do not yet accept digital currencies directly. 51826
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