When you invest in cryptocurrency such as bitcoin, there will reach a time when you will have to trade it for cash. Many investors ask themselves these questions: is it possible to sell bitcoin for cash in person? Well, the direct answer is yes. Like any other cryptocurrency, bitcoin can be traded. However, as a newbie, the process might be challenging at first.
If you are wondering where to start from, you don’t have to worry. In this article, we are going to look at some of the possible ways to sell bitcoin for cash in person.
Sell Bitcoin for Cash in Person Using Natikcoin
Just like any other exchange, this is a platform that offers one an opportunity to sell bitcoin for cash in person. This platform has been running for a while in which they have created a name for themselves for offering the best crypto services online. If you’re interested in trading your bitcoin and other cryptocurrencies, you should then make your move here to learn more about selling bitcoin.
Sell Bitcoin for Cash in Person Using Coinbase
If you are searching for a reputable online exchange, then Coinbase is the one. When using Coinbase, you will first need to create an account, choose a currency that you would like to trade, then later deposit your coins. After completing the process, you should receive a notification to indicate that you have successfully traded your bitcoin.
Sell Bitcoin for Cash in Person Using LocalBitcoins
If you are eligible for using Coinbase, then finding buyers in LocalBitcoin will become much easier. This is a platform that links traders to trade in bitcoin. The good thing about this exchange is that they accept multiple payment methods such as fiat currency. For beginners, you will have to create an account, go to the sell button, choose your payment method, and then finally choose your buyer.
Using Bitcoin ATMs
By now, you may have heard of bitcoin ATMs. They can be found in gas stations or convenience stores near you. Using them is quite simple. You will have to deposit your coins, choose your payment method, and then receive your cash. The only demerit of this exchange is that it does not trade a large amount of bitcoin. Therefore, trading a small number of coins will be the best option.
Sell Bitcoin for Cash in Person Using Paxful
This is a platform that has been running for six years now. Therefore, when trading, you are sure of their good services. The platform links you to potential buyers near you, hence making it easier for you to carry on with the trading processes. When meeting with the buyer, it’s best if you meet in a secure place that has security cameras or guards in case of cases of mugging or fraud.
Bitcoin has been a game-changer in how investors invest in businesses. When you are thinking about how to sell bitcoin for cash in person, always go for an exchange that suits your needs. If you are unaware of where to start with the trading process, the above article provides you with the best ways of selling bitcoin for cash.