walidx10
Joined: 24 May 2017
Posts: 43
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 Posted: Mon May 29, 2017 4:40 am Post subject: selling bitcoin |
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Selling Bitcoin can be tricky as some exchanges require more information about you to comply with regulation in the jurisdiction they are located. However, there are two main methods for exchanging Bitcoin or any of your Crypto currencies – direct with a person either via an online intermediary or physically at a meet up, or via an exchange online. Both carry risks in their own way and various forms of requirements – the more risk is with the direct trade but holds higher requirements. ou can sell your Bitcoins on Coinbase or trade Bitcoin with leverage on Bitmex. 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. There are other means as well such as Bitcoin ATM’s where you can transfer your Bitcoin back to cash or alternatively you can go to a Bitcoin meetup and negotiate a price with an individual. Usually the market isn’t as efficient as an online exchange and depending on the circumstances there can be discounts or premiums depending on the general consensus. Usually though if you wish to sell at these events there is more demand to Buy than to sell so you can generally achieve a premium to the market price of between 5-10%. 302
https://www.x-crypto.com |
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