What is the best way to exchange Bitcoins in-person?

People who want to sell their Bitcoins for fiat currency (i.e. dollars, euros, etc.) have several ways they can do so online and offline. In the following post, I will cover the different selling methods available.

How to Sell Bitcoins Summary If you want to convert your Bitcoins back to “normal” money you’ll need to do the following: Find an exchange Send your Bitcoins to that exchange Trade your Bitcoins for fiat Withdraw the fiat to your account.

Visit here to exchange bitcoin to visa

1. How Do You Sell Bitcoins?

When you feel like it’s time to trade those precious Bitcoins back to fiat money there are a few things you’ll need to think about.

First, how do you want to get paid?

Do you want to receive money to your PayPal account? your credit card? your bank account? or maybe you prefer cash?

These considerations will lead you to the second question: Which exchange do you want to use?

Different exchanges provide different payment methods, fees, and exchange rates. It’s important to conduct ample market research before choosing the right exchange.

2. Selling Bitcoin with PayPal

One method people search for online often, is how to sell Bitcoins and receive funds to your PayPal account.

PayPal, in general, aren’t very fond of Bitcoin mainly due to the fact that they can’t give their customers chargeback protection for Bitcoin transactions.

Having said that, there are still some workarounds that will allow you to sell Bitcoins for PayPal.

Coinbase

The popular exchange Coinbase (available in 103 countries worldwide) allows you to connect your Coinbase account with your PayPal account. While you won’t be able to buy Bitcoins this way, you will be able to sell Bitcoins on Coinbase and withdraw the funds to your Paypal account.

LocalBitcoins

If you’re not eligible to use Coinbase, you can still find buyers who will accept your Bitcoins for PayPal through LocalBitcoins.

LocalBitcoins is a marketplace where buyers and sellers meet and trade Bitcoins for a variety of payment methods, including PayPal.

3. Selling Bitcoin with a Credit Card

Some exchanges allow you to withdraw funds straight to your credit card. This method is usually faster than a wire transfer but it’s also a bit more expensive.

CEX

London based Cex allows you to withdraw your funds to your MasterCard or Visa. The amount you can withdraw depends on your verification, with no limits on enhanced verification accounts.

4. Selling Bitcoins with a Bank Account

Probably the most common method for selling your Bitcoins would be via a wire transfer or some other form of transfer to your bank account (e.g. SEPA, ACH, etc.).

Almost all Bitcoin exchanges support this method, including Coinbase, CEX, and LocalBitcoins which I’ve reviewed before. Here is a breakdown of an additional selected few.

Coinmama

If you reside within the EU, Coinmama gives you the option to sell your Bitcoins via a SEPA transfer. The advantages of SEPA are quick and relatively cheap transaction times.

5. How Do I Sell Bitcoins for Cash?

In order to maintain anonymity or maybe just out of plain convenience, some people prefer to sell their Bitcoin for cash or directly to another person. If that’s the case then you have several options.

Bitcoin ATMs

Bitcoin ATMs are machines that accept Bitcoins and spew out cash. Not all ATMs allow you to sell Bitcoins, some allow you only to buy Bitcoins. Some of them won’t even require any type of id or verification.