How to sell Bitcoin and profit: The ultimate guide
Bitcoin is still the big fish in the pond, and it shows no sign of giving that title up in the Cryptocurrency world any time soon. That’s why we’re going to tell you all about how to sell Bitcoin and profit in 2020!
How to sell Bitcoin in 2020
Bitcoin can be sold on exchanges (or markets for cryptocurrency), or peer to peer or even one on one in real life. Exchanges are the most popular methods because they guarantee the transaction, allow multiple payment methods, and act as a platform that brings traffic to the transaction.
Peer to Peer is another way of saying finding your buyer online and selling directly to them. This can be dangerous, because you may not know your counterparty. Even so, you can transfer Bitcoin to them in a Peer to Peer transaction. You can also find Peer to Peer exchanges, where people list their offers to buy and sell Bitcoin. Unlike a P2P file transfer system like a torrents you may be familiar with, Peer to Peer in Bitcoin is more like person to person. The main advantage is that each person in the transaction maintains a level of anonymity.
Finally, you can meet up with someone in real life. This is risky because generally, these transactions take place in cash. That means there’s a potential that you could be robbed or conned out of the Bitcoin, of course. It’s also possible that the buyer doesn’t show up, which means you would waste your time. On the other hand, these types of transactions are totally anonymous and unreported, which is the main reason they are attractive to sellers and buyers.
Reasons to sell bitcoin (3-5)
1. High Demand – Bitcoin is has a high demand on the market for cryptocurrency
2. Staying Power – Bitcoin has been the #1 cryptocurrency since its beginning
3. Volatility – Profit from wild swings in prices by planning
How to sell Bitcoin: Exchanges
The best exchanges are licensed and trustworthy. Next, you want one with a high volume and a narrow bid / ask spread for the coins you want to sell. This should mean that it will be relatively easy to find a buyer on this exchange.
List your preferred price for your coin on the exchange. Remember, new sellers are entering the exchanges all the time, and you will be competing with them for the lowest price to sell your Bitcoin.
Once someone decides to buy your coin, the currency will be sent to you via your preferred payment method on the exchange. Bitlevex works with Paypal, Visa, and Mastercard for payments.
How to sell Bitcoin: Crypto Options
Call to action to buy our options if the customer that sure it makes sense to sell the BTC
Use numbers: in case the price will drop down to 5%, it is possible to earn 12x more than invested.