Buy / Sell Bitcoin

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Buy and Sell Bitcoin

So you want to buy Bitcoins. Bitcoins are one of many trendy cryptocurrencies sold on the internet today. Whether you’re totally new to Bitcoins or you’re just looking for the best BTC exchanges, we’re here to help you make the smart choice.

Once you have found the right exchanger, buying is simply a case of spending money with your credit card or with a bank transfer. It might be best to stay away from sites that require international bank transfers, since they can hold up the process.

How to Buy Bitcoins

Buying Bitcoins is simple. Here’s the basic process you’ll need to follow:

  • Step 1) Find a Bitcoin exchange
  • Step 2) Trade a currency (like US Dollars, Euros, or RMB) for Bitcoins
  • Step 3) Transfer your Bitcoins to a secure Bitcoin wallet

Cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. For those that want to trade professionally and have access to fancy trading tools, you will likely need to use an exchange that requires you to verify your ID and open an account. If you just want to make the occasional, straightforward trade, there are also platforms that you can use that do not require an account.

A Bitcoin exchange, by the way, can also be as simple as an ATM. Pretty much every major city in the developed world now has at least one Bitcoin ATM. Other Bitcoin exchanges can be found online. Check out the following exchangers to buy bitcoin online: Coinbase, Cex.io, ShapeShift, Poloniex,

How to Sell Bitcoins

Selling bitcoins is not much different from buying bitcoins. Finding a Bitcoin exchange or trading partner that will pay you with your desired payment method is the first step. From there, you can complete a trade to sell your bitcoins. There are three ways to get cash for bitcoins::

  • Sell bitcoins in person for cash
  • Sell bitcoins at an ATM for cash
  • Sell bitcoins online for cash deposit

If you want to trade direct with another person online you can do it via Local Bitcoins and even choose to meet the person directly by arranging a time and location to meet up and swap your Bitcoins for cash. Other exchanges/wallet hybrids can allow you to exchange Bitcoins internally in their ecosystem through mediating a price chosen through analysing the market and its midpoints – so essentially a zero commission zero spread exchange. Coinbase is an example of this.