Bitcoin Forum

Other => Beginners & Help => Topic started by: J9901 on June 25, 2014, 08:59:31 AM



Title: Best place to sell BTC?
Post by: J9901 on June 25, 2014, 08:59:31 AM
Coinbase lets anyone sell up to $50k per day. Not that I would ever need to sell that much but good to have that option.

However, for example BTC does take off in the near future and explodes to $2k+ per BTC, and lets also say that Coinbase shuts down for whatever reason...where can I sell my BTC in bulk?


Title: Re: Best place to withdraw BTC?
Post by: Mr Tea on June 25, 2014, 09:02:33 AM
There are plenty of exchanges you could use. You could also always find people to sell for cash off localbitcoins etc.


Title: Re: Best place to withdraw BTC?
Post by: sgk on June 25, 2014, 09:05:36 AM
BitStamp and Kraken are great options. Google for them.


Title: Re: Best place to sell BTC?
Post by: Shogen on June 25, 2014, 09:25:32 AM
Coinbase lets anyone sell up to $50k per day. Not that I would ever need to sell that much but good to have that option.

However, for example BTC does take off in the near future and explodes to $2k+ per BTC, and lets also say that Coinbase shuts down for whatever reason...where can I sell my BTC in bulk?

Apart from coinbase, there are a dozen more bitcoin exchanges out there.
And if some of them are out of business, there will be new ones coming up to fill their spaces.


Title: Re: Best place to sell BTC?
Post by: FeodoroAndy on June 25, 2014, 12:24:11 PM
Bitstamp is very good.


Title: Re: Best place to sell BTC?
Post by: KimNam on June 25, 2014, 12:38:04 PM
try bitstamp and btc-e (higher fee, but many options)
but i think you should sell to your local traders if you want
try localbitcoins to find out


Title: Re: Best place to sell BTC?
Post by: deadwood on June 25, 2014, 01:13:44 PM
+1 for Bitstamp, it is good.

I do most of my dealing with them and it's always fine.


Title: Re: Best place to sell BTC?
Post by: Jon_Snow on June 25, 2014, 02:02:57 PM
Paymium (Bitcoin-Central) is a good place too.


Title: Re: Best place to sell BTC?
Post by: krishatnet on June 25, 2014, 04:30:28 PM
I suggest bitstamp.


Title: Re: Best place to sell BTC?
Post by: DodoB on June 25, 2014, 05:00:46 PM
You can try coinbase.


Title: Re: Best place to sell BTC?
Post by: cookiemonsterwhat on June 25, 2014, 05:36:56 PM
I would just get a cash deposit or get cash in person off localbitcoins for the best deal.


Just to avoid taxes and other future bitcoin problems.


Title: Re: Best place to sell BTC?
Post by: Balls on June 25, 2014, 07:03:59 PM
What country are you in> Different exchnages work better in different countries.


Title: Re: Best place to sell BTC?
Post by: fatguyyyyy on June 25, 2014, 07:11:23 PM
If your are near a btc ATM, then I`d use that or similar services.

Coinbase likes to hold suspicious activity, which can cost you..


Title: Re: Best place to sell BTC?
Post by: Balls on June 25, 2014, 07:25:08 PM
Some ATMs require a lot of identification and only let you withdraw certain amounts so I'd be careful with that.


Title: Re: Best place to sell BTC?
Post by: cookmac on June 25, 2014, 08:18:35 PM
Some ATMs require a lot of identification and only let you withdraw certain amounts so I'd be careful with that.

Yeah, like fuken drivers license and all that bs.

I dont want my info out there lol. Zero info= zero tax


Title: Re: Best place to sell BTC?
Post by: VeroPossumus on June 27, 2014, 03:58:02 AM
Bitstamp should be good...
Kraken is also an option, but i personally like Bitstamp better.


Title: Re: Best place to sell BTC?
Post by: Initscri on June 27, 2014, 04:12:59 AM
I'd vouch for LocalBitcoins or some sort of local exchange. Although I have never completed one myself, you will probably get a higher rate for your Bitcoins.


Title: Re: Best place to sell BTC?
Post by: KimNam on June 27, 2014, 04:15:11 AM
Bitstamp should be good...
Kraken is also an option, but i personally like Bitstamp better.
yeah bitstamp is good choice
kraken volume is horrible, not a good choice for trading bitcoin
http://www.exchangewar.info/


Title: Re: Best place to sell BTC?
Post by: gondel on June 27, 2014, 09:14:59 AM
Bitstamp should be good...
Kraken is also an option, but i personally like Bitstamp better.
yeah bitstamp is good choice
kraken volume is horrible, not a good choice for trading bitcoin
http://www.exchangewar.info/
Hi,
I am wandering how much time it takes to cash out from Bitstamp and BTC-E? Isnt it better to trade with someone trusted on the forum so the process take less time?..
Thanks


Title: Re: Best place to sell BTC?
Post by: Acidyo on June 27, 2014, 09:35:37 AM
I have also been using kraken ever since I got into bitcoins and this far it has been an awesome experience. Once when I did need some help support replied within the day to my email.


Title: Re: Best place to sell BTC?
Post by: Spayse on June 27, 2014, 09:45:31 AM
I like btc-e because I suggest btc-e :D


Title: Re: Best place to sell BTC?
Post by: Gumbork on June 27, 2014, 09:52:26 AM
BTC-e and bitfinex.


Title: Re: Best place to sell BTC?
Post by: geforcelover on June 29, 2014, 07:41:10 AM
the best price to sell btc is 1000 dollars but buy on 300 or less dollars and you get profit..


Title: Re: Best place to sell BTC?
Post by: zimmah on June 29, 2014, 06:43:20 PM
If you have a European bank account that supports SEPA you should try https://bitonic.nl/ (https://bitonic.nl/?partner=167)

To select banks they can pay in as little as 2 hours, and to other banks they pay within a day.

I am not sure if they also work with banks outside of Europe. Maybe they do, maybe they don't.

Not sure if they can handle whales either, it will probably depend.


Title: Re: Best place to sell BTC?
Post by: CEG5952 on June 29, 2014, 06:53:43 PM
Coinbase lets anyone sell up to $50k per day. Not that I would ever need to sell that much but good to have that option.

However, for example BTC does take off in the near future and explodes to $2k+ per BTC, and lets also say that Coinbase shuts down for whatever reason...where can I sell my BTC in bulk?

If you're going to keep funds on exchanges to sell on the spike, I'd spread your money around a bit. Bitstamp, BTCE, Bitfinex, are places where I would keep limits sells on the book for a big spike.


Title: Re: Best place to sell BTC?
Post by: Habeler876 on June 29, 2014, 07:40:56 PM
Coinbase is pretty reputable. They are not good for trading all the time (you can't hold funds there -- in and out of your bank account only). But when I want to get $$ in and out of the BTC economy, they are my favorite.


Title: Re: Best place to sell BTC?
Post by: Nagato4 on June 30, 2014, 05:47:28 AM
Coinbase lets anyone sell up to $50k per day. Not that I would ever need to sell that much but good to have that option.

However, for example BTC does take off in the near future and explodes to $2k+ per BTC, and lets also say that Coinbase shuts down for whatever reason...where can I sell my BTC in bulk?

Bitstamp, Btc-e, Bitfinex, Kraken, Bitsimple, bitcoin.de, localbitcoins, BTC china, etc.


Title: Re: Best place to sell BTC?
Post by: Alex_green on June 30, 2014, 04:33:35 PM
APSJEX.com

The fee for input of Bitcoins – 0%;
The fee for the withdrawal of Bitcoins – 0%;
Trading Fee as low as – 0.2%;
Bank fee for money transfers – 1.7%;



Maximum withdrawable sum – unlimited


Title: Re: Best place to sell BTC?
Post by: FRNZ on June 30, 2014, 04:39:41 PM
do all reputable exchanges require kyc?

I don't feel too good about bitstamp knowing my private information..


Title: Re: Best place to sell BTC?
Post by: bitmaster111 on June 30, 2014, 06:43:54 PM
I am from Asia continent which is best for me to exchange my bitcoins into local currency . I have searched lots of people in the local area for exchange but it works at a time when they have a requirement so I have to wait for selling my BTC.


Title: Re: Best place to sell BTC?
Post by: Habeler876 on June 30, 2014, 06:45:57 PM
I am from Asia continent which is best for me to exchange my bitcoins into local currency . I have searched lots of people in the local area for exchange but it works at a time when they have a requirement so I have to wait for selling my BTC.

Where are you from specifically? There are several Chinese exchanges -- Huobi and Okcoin being the most prominent. Bitfinex is based in Hong Kong.


Title: Re: Best place to sell BTC?
Post by: theafterhoursflowers on June 30, 2014, 07:11:52 PM
If you are in New York City, there is a Bitcoin Meetup group called Satoshi Square. They meet at the Bitcoin Center at 40 Broad St, NY, NY

I have heard there are many offsets of the same kind in other cities around the world too!


Title: Re: Best place to sell BTC?
Post by: ferall on July 01, 2014, 10:22:29 AM
Localbitcoins, if in doubt sell small amounts.


Title: Re: Best place to sell BTC?
Post by: 2double0 on July 01, 2014, 02:28:14 PM
Localbitcoins is the safest option IF you choose wisely who and where and when you sell your btc.


Title: Re: Best place to sell BTC?
Post by: Zebra on July 01, 2014, 02:54:49 PM
do all reputable exchanges require kyc?

I don't feel too good about bitstamp knowing my private information..

You may use localbitcoins to find a trader near you, and you won't need to do ID verification.


Title: Re: Best place to sell BTC?
Post by: newflesh on July 01, 2014, 03:36:18 PM
Yeah localbitcoins is a decent site to sell btc, never had any problems so far although I've only ever sold small amounts.

Not too keen on having to send my ID to exchanges to get verified, never know what happens to your personal information.


Title: Re: Best place to sell BTC?
Post by: Southpaw0 on July 02, 2014, 02:27:11 AM
coinbase or virwox are easy to use and are the first two that come to mind


Title: Re: Best place to sell BTC?
Post by: Divinespark on July 02, 2014, 06:01:51 AM
I prefer selling thru face to face meetings via localbitcoins
Have successfully traded thru bitstamp for small amounts


Title: Re: Best place to sell BTC?
Post by: CEG5952 on July 02, 2014, 06:17:04 AM
do all reputable exchanges require kyc?

I don't feel too good about bitstamp knowing my private information..

Define reputable. None of the exchanges are particularly reputable by my standards. This is still the wild west, and IMO, any of them could pull a Gox -- not a question in my mind.

To answer your question, BTCE and Bitfinex do not require verification unless fiat (banking) is involved. So you can send coins, trade, send out coins without verification.


Title: Re: Best place to sell BTC?
Post by: C.Steven on July 02, 2014, 07:49:25 AM
You could use localbitcoins for small trades, but if you are selling a good amount, you'd better complete the verification with an exchange and sell through it.

If you are just day-trading for profits, you could use btce without any verification.