How to Sell Bitcoins

Selling bitcoin isn’t quite as straightforward as buying bitcoin, but fortunately CoinDesk is here to help. This guide will give you all the information you need to cash out your digital currency.

When deciding how to sell your bitcoin, you first need to consider which method best suits your situation: selling bitcoin online or selling bitcoin in person. Each option has its own advantages and disadvantages.

Selling bitcoin online

Selling bitcoin online is by far the more common way of trading your bitcoin. There are now three ways to go about selling bitcoin online.

1. Direct trades: Websites that offer this type of selling structure include Coinbase and LocalBitcoins in the US, and BitBargain UK and Bittylicious in the UK.

2. Exchange trades: The other way to sell bitcoins is to register with an online exchange. You will still have to verify your identity, but in this case you won’t have to do as much work when it comes to organizing the sale.

3. Peer-to-peer trading marketplaces

A new development in the bitcoin space is the advent of sites like Brawker and Purse, which set out to bring together two groups of people with specific and complementary needs.