If you have been looking for a place to invest your money, you may have considered several options, such as the stock exchange, real estate, and many others. Perhaps, you have also thought about venturing into cryptocurrency trading. Following on from that, it must have made you want to know how to be a Bitcoin seller.
For all those people who want to know where to buy crypto coins, there will need to be people who want to sell some. Therefore, you may well be asking yourself what is the best site to buy and sell bitcoin? This is a crucial question because it influences how fast you can get your funds or coins when buying or selling digital currencies. Also, when you know the best way to sell BTC, you can quickly take advantage of any favorable price changes to cash out your bitcoins and reap huge returns.
Things to look out for in a Bitcoin Exchange
When you are looking for the best site to sell Bitcoin, you should consider several factors, which include:
- The fees: as you look for the best place to sell Bitcoin, you need to find out what the transaction fees and the fee structure for buying and selling BTC on the platform are. Different exchanges have varying fees structures.
- Legitimacy and security: you need to do your research and ensure you are using an authentic and secure platform. Any serious past security issues on potential platforms are warnings to would-be crypto investors to check an exchange’s security protocols before using it.
- Payment method: it is vital to know how you want to be paid before choosing a platform because different exchanges support varying payment options via wallets such as PayPal or bank transfer, etc. Therefore, select an exchange that supports the payment method that suits you. Also, some platforms pay in different currencies, including fiats like US dollars and euros, etc. So, if you prefer to get your funds in USD, you can check which is the best exchange to sell Bitcoin for USD.
- Taxation: you have to determine how you go about paying taxes if you use exchanges because they will submit tax returns. Therefore, find out your country’s requirements regarding taxes on crypto profits.
Various ways to sell Bitcoin instantly
Because getting your funds out is as crucial as investing, before venturing into cryptocurrency investment, you must ask yourself, “What is the best way to sell BTC?” The good news is that there are several options, especially if you are looking into selling your Bitcoin instantly. Below are some of the methods you can use to cash out your BTC instantly.
Using cryptocurrency exchanges
Third-party crypto exchanges are one-stop solutions as far as Bitcoin trading is concerned. When you are selling your BTC, the exchange offers you a stress-free way to liquidate your assets. However, some of the exchanges may take longer to get your cash to you after you sell your bitcoins. Therefore, it is vital to find the best place to sell Bitcoin, where you can sell your bitcoins fast (or even instantly), and get your funds pretty fast so you can use the same as you intended, and maybe generate more cash.
Fortunately, there are exchanges where you can sell your Bitcoins instantly. NakitCoins is one of the best places that allow you to sell BTC instantly. It is the first physical exchange in Turkey that enables you to buy or sell BTC and other digital currencies in cash, with no limits, great privacy, and the utmost security. In addition, Nakitcoins is a fully decentralized online platform offering catering to those
NakitCoins is the first physical cryptocurrency cash exchange in Turkey where it is possible to buy or sell crypto money in cash, without limits, securely and privately. What’s more, this platform allows you to sell Bitcoin into your bank card instantly at low fees. Also, you can convert your Bitcoins into other cryptos in a few seconds.
Using P2P Platforms
Are you asking yourself, “What is the best place to sell Bitcoin instantly?” You need not worry if you find third-party exchanges are not a great option for you. You can consider using peer-to-peer (P2P) platforms. These P2P exchanges facilitate trading BTC for fiat currencies or vice-versa with other parties online.
To sell on P2P platforms, you check out posts from potential buyers on the platforms where the buyer lists their price, the payment option that they prefer, etc. After finding a post whose terms you find acceptable, you can go ahead to complete the sale. You have to follow the instructions provided on the platform to complete the sale.
The beauty of using these platforms is that they usually have escrow services to offer good security for both the buyer and the seller and make sure asset transfer takes place. You receive payment through the payment options provided or the ones you agreed with the buyer. You may receive payments via a bank card or bank account via a wire transfer or other popular payment options, especially the traditional ones. Some of the common P2P platforms include LocalBitcoin and Paxful.
Face to face transactions
Another option if you are searching “What Is the Best Place to Sell Bitcoin Instantly?” is to sell in-person to people who want to buy. You can find prospective buyers through online methods, like Facebook, where crypto enthusiasts have groups or communities. You could also sell to your friends or relatives who want to enter the crypto world. Typically, this method involves selling for cash and it requires you to know how to transfer BTC and use a crypto wallet, or the platform where your funds are held, for example, if you hold the digital assets on an exchange.
Since BTC prices fluctuate, you need to know the price is at the moment of the in-person sale. You could copy what most traders do by using rates from reputable exchanges or other trusted resources to check the price. However, you need to take note that BTC may trade at different prices on different platforms or from one region to another.
Additionally, when carrying out a planned in-person sale with a stranger, be it through a platform or any other way, you need to be cautious. You may face risks when doing other in-person financial transactions — remember, in-person BTC trading poses risks because you are dealing with strangers.
On top of the above ways to sell your bitcoins instantly, you can also use a Bitcoin ATM.
You need to evaluate each option and choose the one that works best for you in terms of convenience, fees, security, and any other aspects you consider crucial.