How to Sell Bitcoins Online Safely to Me
We already discussed in a previous post how you can sell your bitcoins to me. Now, let’s talk about the safety part. To sell bitcoins online safely, you need to pick up your trading partner carefully. We already addressed lots of issues related to safety in the post on how to buy bitcoins online instantly from me. I described how to search for potential buyers and evaluate their reputation based on profile information. I explained about searching for a seller with good reputation, short typical response time, favorable terms of trade, accepting instant payment options, and having short escrow release time.
Always Use Escrow Service When Selling Bitcoins Online
In business, trust is good but in most cases it has to be built over a period of time or even earned by one or both parties. Trust, but verify. In my humble opinion, selling bitcoins online using an escrow service is even far better than a face to face transaction. Even when I meet a client face to face, I still prefer we but fire up our laptops and use an online service with escrow.
Sell Bitcoins Online Using LocalBitcoins.com Escrow Service
I can give a million reasons why LocalBitcoins.com is awesome, however let’s stick to one for now. One of those reasons is that it has an escrow service. If you are selling your bitcoins to me, I will generally advise that you create an account at LocalBitcoins.com. Follow the standard process of selling bitcoins online at LocalBitcoins.com and I promise you that we are going to have a smooth and stress-free deal.
The process is quite simple;
- bitcoin seller creates an account
- the seller loads bitcoins to the account
- seller initiates a sell request on a buyer’s trade
- system sends bitcoins to escrow
- buyer makes payment
- seller approves the payment and releases bitcoins from escrow
- system transfers bitcoins to buyer’s account
If you are selling your bitcoins to me on LocalBitcoins.com, my username for bitcoin purchase is FerdinandChe. On my profile, you will see my current purchase requests. If can visit a trade and sell your bitcoins to me buy clicking on the linked locations mentioned below.
If you are in Buea, Douala or anywhere else in Cameroon, I will be glad to pay through Mobile Money, Orange Money or EU Mobile. For sellers located in African countries where Ecobank is located, I will pay you via Ecobank Rapid Transfer. This payment option operates in three different modes; Rapidtransfer In-branch, Rapidtransfer Mobile or Rapidtransfer Online. I can also pay you via moneygram if you are located in any Moneygram supported country.
Currently, Ecobank is located in the following countries.
Benin, Burkina, Burundi, Cameroon, Cape Verd, Central African Republic, Chad, Congo Brazzaville, Democratic Republic of Congo, Cote d’Ivoire, Equatorial Guinea, Gabon, Ghana, Guinea Conakry, Guinea-Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Sudan, Tanzania, The Gambia, Togo, Uganda, Zambia, Zimbabwe.