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Title: How to sell Bitcoins and receive USD Post by: TurboTA on December 08, 2017, 06:31:14 PM I presently have a wallet with bitcoins on Blockchain. My desire is to convert/sell the bitcoins I have into USD. It is not clear how I can do this in Blockchain, since it appears that I can only receive or send bitcoins.
What do I need to do inorder to sell my bitcoins for USD that I can deposit into my US bank account? Is this possible in Blockchain? Title: Re: How to sell Bitcoins and receive USD Post by: legend018 on December 08, 2017, 06:38:58 PM You have to deposit into an exchange and sell them for USD.
Here are a list of exchanges. Coinbase is a popular one https://en.bitcoin.it/wiki/Category:Exchanges Title: Re: How to sell Bitcoins and receive USD Post by: moomba99 on December 08, 2017, 06:40:08 PM Good to know. Thanks
Title: Re: How to sell Bitcoins and receive USD Post by: Xavofat on December 08, 2017, 06:41:40 PM Blockchain.info are not an exchange - they are an online wallet service. However, they do partner with the exchange service Coinify, so if you sign up with them through your account you should be able to sell your coins.
That said, it would probably be a much better idea to sign up to a (relatively) trusted exchange such as Bitstamp or GDAX, send your coins there and then sell. Normal exchanges tend to have lower fees as well. Title: Re: How to sell Bitcoins and receive USD Post by: TurboTA on December 08, 2017, 07:02:24 PM Thanks for the replies.
Dumb question: How does one send bitcoins from Blockchain to Coinbase? Title: Re: How to sell Bitcoins and receive USD Post by: olehgol260 on December 08, 2017, 07:37:20 PM Thanks for the replies. Dumb question: How does one send bitcoins from Blockchain to Coinbase? In your dashboard on blockchain.info, there is a button "Send". In your coinbase account on the "Accounts" tab, there is a "Bitcoin wallet" row with a button "Receive". Once pressed, you'll see an address which you should use on blockchain.info as a value for "To" input in the window opened after your press "Send" button I mentioned before. Hope it's clear. Title: Re: How to sell Bitcoins and receive USD Post by: TurboTA on December 08, 2017, 11:18:26 PM Thanks for the info. I setup a bank account for the bitcoin sale in Coinbase. Once the deposit verification process is sucessful, I will transfer the contents of my bitcoin wallet from Blockchain to Coinbase and proceed with a sale. ;D
Title: Re: How to sell Bitcoins and receive USD Post by: mk4 on December 09, 2017, 01:25:22 AM Thanks for the info. I setup a bank account for the bitcoin sale in Coinbase. Once the deposit verification process is sucessful, I will transfer the contents of my bitcoin wallet from Blockchain to Coinbase and proceed with a sale. ;D Just a tip: The blockchain is currently heavily congested(around 200,000) with unconfirmed transactions; so you might need to set up a significantly bigger transaction fee for your transaction to go through in less than a day. If you're not willing to pay huge fees, I'd personally wait a bit. Your choice though. Title: Re: How to sell Bitcoins and receive USD Post by: HarringtonStark on December 09, 2017, 02:47:39 AM Try Coinbase. It is what I use to buy Bitcoins with my debit card (MasterCard). It is that easy with Coinbase.
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