Bitcoin Forum

Hi guys.

I've been buying bitcoins bit by bit and eventually when the price rises up again I'd like to sell some of them.
Is there an exchange that is trusted kinda like MT.Gox where I can just put them into when I want to cash a few of them out for fiat?

I'm buying off of localbitcoins at the moment however when I am eventually ready to sell a few I won't have any 'trust' to sell them.

If someone could help me out it'd be appreciated.

Cheers,
Merve.

What country are you in?  That will effect best place to sell. 

Best place is very based on location.

You could always head over to the currency exchange forum. There are plenty of reputable exchangers there that could do a quick trade with you at a decent rate with minimal fees. Reduce the risk of any incidents happening by using a professional escrow service on the forums. The risk for scamming can be relatively high so be sure to precede with caution in the form of payments you take and such. Good luck.

in local exchange in your country maybe ,

why not do it here? use a trusted rep escrow, like tomatocage or someone similar then set the rates w. escrow.

Either make a thread or respond one thats stating they`ll buy, and you should be good.

The reason is depending on country there are some easy ways to do it.  For example US with coinbase.  You could sell and have it go to straight to your bank account.

I personally didint want it linked with normal checking I made a checking account for buying and selling BTC.  With that and coinbase its very easy to buy or sell.

You are buying from localbitcoin so each time you buy you should be getting good feedback and completed trades so your trust is building even though you are buying. I have brought quite a bit from there and my trust built enough to sell from just buying there.

Also depending when you want to sell and how much you can just sell them slightly under what most sellers are because you can sell to someone who wants to buy and build your trust more a seller. You could also try bittylicious where trust does not really matter as much.

Is that sarcasm I smell? Mt.Gox is exactly the opposite of what we call trusted exchanges on this forum.

Anyway...  you can try
- Kraken
- BTCe
- BitStamp

These are known exchanges with good reputation. BitStamp got hacked few weeks back, but it has come back with added security.

u can sell here or u can get the best rates on localbitcoin

you can try coinimal, they seems good, they don't held your money, everything is processed directly between your wallet and your debit/credit card

this mean that even if the exchange get hacked your coins are safe(at least going by logic, i didn't get enough info about hwo it work exactly)

https://www.coinimal.com/

Haha, now I've re-read the original post it does seem that way.
I meant a trusted exchange that was big kinda like MT Gox was.


Also; I'm located in Australia for those asking.

There are many methods to sell Bitcoin, try a trusted Bitcoin exchange.
If you can't use any, visit LocalBitcoins for a local exchange.

What do people claim to be 'trusted' these days though?

Nothing specific. Even highly trusted Mt. Gox & BitStamp was hacked.

You did not specify from which country you are. But, as you are trying out LocalBitcoins, may be you can give a try to www.100bit.co.in as well. Do not expect high volume though...

Oops... I only checked the OP.

Check our service www.247exchange.com/sell (http://www.247exchange.com/sell). We're licensed Bitcoin exchanger. In Australia we offer local bank transfer (in AUD) as a withdrawal method - it usually arrives the same or next business day. Also, we can send money to your credit or debit card.

You could always sell small amounts on localbitcoins so you gradually build up feedback. The alternative is to trade with some trusted members on here (use an escrow!) or sign up to some of the other exchanges (bare in mind you will need to get verified to cash out to fiat).

PS: Avoid Paypal ;)

Other than the options already presented here, you could also try Neteller or Payza to sell your coins; you need a verified account for that (I think), but after that, the process itself is quick and painless. In addition, if you have, for example, Neteller's debit card, you can deposit the btc in your account, get fiat, and immediately spend it through the card.

You can try out Bit-X or Cex.io, both are fine as soon as my preferences are concerned...
I have always been with Bit-X and never had any problems exchanging my BTC for USD, the experience was great...

I'm usually change bitcoin into my local currency using my trustable local exchanger.
I think you can find it on Australia too, you can research some on google since I found it using google too

to sell your btc, very much exchange for that
bittrex, poloniex, btc-e and many more.

I think you Should Use BIT-X, BTC-e For exchanging your BTC. If you use BIT-X you will also Get a Master card which you can Withdraw your Cash at your Local atm

You can see a full list of exchanges to choose from here http://bitcoinx.io/exchanges/ or filter by Australia since you said you are located there http://bitcoinx.io/exchanges/?tag=australia

Alternatively you can look at the 'highest' ranked exchanges on the right of each page, which is a community driven ranking system based on ratings and reviews. The better ones float to the top. Good luck, and dont' forget to do your homework first!

Thanks for your help everyone!

You've all been very helpful and given me a lot of links to go through and have a look at.

Really do appreciate it  :)

Hi,

At https://cryptonit.net a wide range of systems, where you can withdraw FIATs. Besides this we can issue you a debit card, to which you could also make withdrawals.

Should you have any questions, feel free to ask.

Regards
Edward

Hi Edward,

The debit card issued, could that be used in ATMs to convert BTC to my currency?
This sounds interesting, could you please explain it to me?

to sell your bitcoins I think best choice btc-e
and many supported payment methods, visa, mastercard, US bank wire and eu bank wire. etc

But in the end, do let us know which exchange you ended up using, and how was your experience with them.
That would be very helpful for other people looking out for the same info, probably many who are from your country.

Hello! You can withdraw your Bitcoin funds to Bank transfer, Western Union or MoneyGram, to your personal Visa/Mastercard card on Unichange.me service.
Moreover we have launched Unichange debit card, which will help you to receive your funds in less than 1 business hour!
If you have any questions or you need more information, please, contact our Support team.

many big exchangers are safe, you can choose localbitcoin, kraken, BTC-e or you can sell in this forum

As you are based in Australia, http://anxpro.com/ may interest you. They are based in HK and you can cash out BTC in AUD ;)

If you don't mind to spend some time to work and get more out of bitcoins, you can become a trader in Localbitcoins and sell bitcoins to people in your local area for bank deposit or cash and many other methods. By doing so you can get a little premium to the current market price.

There is also another easy way to get fiat for your bitcoins, you can see my signature, Bit-x, they have an amazing debit card they offer, which you can instantly convert to  fiat from many number of atms world wide, after the fees, be rest assured that you get the best value for your bitcoins and cashout them at any time and at any place.

I use bittrex, poloniex, btc-e and many more.
i choice btc-e to sell my bitcoins to USD
but if do you need exchange your bitcoins to okpay or perfect money
try on coinomat instant cryptocurrency exchange.

I can suggest you localbitcoins if you want to get cash for your bicoins very fast, just select a person in your local area who is willing to buy bitcoins for cash, have him send cash to you and release the bitcoins after receiving the cash, you can also checkout my signature for Bit-x where you can open an account and withdraw money in atms using Bit-x debit card.

I also suggest you locabitcoins but you must be careful with scammers.

https://bitcointalk.org/index.php?topic=1033250.0

This guy got a fake email  from escrow@localbitcoins.com
like this and released the coins. Then bye bye coins :(


so I think this is the answer of your question

If you're in Australia then you should try gatecoin.com. We have BTCUSD BTCEUR BTCHKD and ETHBTC markets, plus if you sign up using this link you'll have 10 USD offered after your first wire transfer deposit: https://gatecoin.com/register?referralCode=CINGGE (https://gatecoin.com/register?referralCode=CINGGE)

Hope this helps!

localbitcoins trust is a good thing, but not required...
they have an escrow built into website so the purchaser knows for a fact you have the bitcoin and you do not release them until their payment is marked completed and verified.... if you dont get paid dont release, if you do get paid and dont release (which im not saying you would but that'd be shitty move) they can dispute it and the site acts as mediator between where the coins go if they can prove they paid you via method you outlined blah blah blah u know how it works...
but yes I'd recommend localbitcoins and if you have been buyin there surely you've earned a "little" trust

I always sell on poloniex, safe and quick way to turn btc in dollars ;)

You should look for a local bitcoin service , personally I sell my btc on a local exchange site (coins.ph) and it's good so far

Now you can sell bitcoins for ethers on https://gatecoin.com (https://gatecoin.com)

I think if you have a option to sell in local bitcoin then it will be the best option to sell for cash and save all those fee and it will be instant no need to wait.