Before You Sell Bitcoins Online
There are hundreds of websites where you can sell bitcoins online but on this post, we are focusing on LocalBitcoins.com. First of all, you need to engage in the bitcoin trading account creation and bitcoin trading account verification processes at LocalBitcoins.com. Don’t forget bitcoin trading account security DOs and DON’Ts because running an account with weak security will put your bitcoins at risk. Secondly, you can’t sell what you don’t have unless you are trying to scam someone. Where are your bitcoins? One of the most popular online wallets of all time is blockchain.info. If that’s where you are storing your bitcoins, you need to know how to send bitcoins from your wallet to LocalBitcoins.com.
Sell Bitcoins Online on LocalBitcoins.com
Now that you have created, verified, secured and funded your LocalBitcoins.com account, the next step is to actually sell the bitcoins. There is one principal questions you should ask yourself at this point. The answer to this question will determine how you proceed.
Do you want to sell quickly or sell at a high price?
You can’t have it both ways. Either you sell at a moderate or low price quickly, or you sacrifice some time and wait for someone to come along and offer a high price that you have set.
Sell Bitcoins Online Instantly
There are several bitcoin buyers on LocalBitcoins.com who have already posted trades with the intention to buy bitcoins. Each trade has its set price, terms and payment details. If you decide to sell your bitcoins to me, you will notice that my terms are simple and pricing is straight-forward. I usually pay a maximum of 95 cents on a dollar (95% of the market price of bitcoins) at the time of the transaction. I may offer more or less depending on certain circumstances.
To sell bitcoins online once you are already logged into LocalBitcoins.com, simply click on sell bitcoins, fill the form according to your preferences, and submit. A list of trades will be displayed, in most cases from the most profitable to the least. However, don’t count much on the ordering. Manually check the prices. You should also be informed that price is not all that matters. You might see a trade with a good price but when you click to purchase, you might find out that the terms are NOT favorable to you. Always read the terms of a trade before trading, irrespective of whether you are buying or selling.
Sell Bitcoins Online at Your Desired Price
The two paragraphs above describe a scenario where you just want to sell your bitcoins instantly at the best price offered to you. However, if you are not in a rush to sell, you can post your own trade and set your price and terms and payment options. If that’s what you’ve decided, simply post a trade, fill the form and submit.