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Author Topic: What is the safest way to sell BTC?  (Read 689 times)
bacsilove
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June 16, 2011, 11:10:41 PM
 #1

I'd like to sell off some the BTC that I've mined. However, I'm not certain as to how I can go about selling them off some of these coins without getting scam.

What are some reliable websites or people to sell my BTC for USD (preferably PP)? Are there any tips that you want to tell a noob so that he won't get scam? Thanks.
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BenD
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June 16, 2011, 11:12:30 PM
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Why don't you just sell them on mtgox.com or tradehill.com? On tradehill you may even do instant-sells (which costs some fees), which need no bids.
Don't use PayPal. Someone will buy your BTC and pay. You will send the BTC and he will reverse the PP-payment. For sure.
bacsilove
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June 16, 2011, 11:20:19 PM
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Why don't you just sell them on mtgox.com or tradehill.com? On tradehill you may even do instant-sells (which costs some fees), which need no bids.
Don't use PayPal. Someone will buy your BTC and pay. You will send the BTC and he will reverse the PP-payment. For sure.

Thanks for the tip. I'll try my best to avoid using PP.

Is it possible for me to sell BTC on Mtgox or Tradehill and then transfer the fund to my Dwolla account? And from there transfer the money in my Dwolla account to my bank account?
BenD
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June 16, 2011, 11:35:13 PM
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Is it possible for me to sell BTC on Mtgox or Tradehill and then transfer the fund to my Dwolla account?
On MtGox you can withdraw to Dwolla. They charge a $0.25 fee for that.
iData
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June 16, 2011, 11:37:29 PM
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Is it possible for me to sell BTC on Mtgox or Tradehill and then transfer the fund to my Dwolla account? And from there transfer the money in my Dwolla account to my bank account?
Yep! Works great, if not a bit slow and annoying.
VelvetIsPhotography
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June 17, 2011, 04:45:19 AM
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You can also try cashing bitcoins out for amazon cards.
DanielC
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June 17, 2011, 04:48:33 AM
 #7

I'd like to sell off some the BTC that I've mined. However, I'm not certain as to how I can go about selling them off some of these coins without getting scam.

What are some reliable websites or people to sell my BTC for USD (preferably PP)? Are there any tips that you want to tell a noob so that he won't get scam? Thanks.

Your best bet is to sell in person and NOT use PP, if it can be helped.

Find someone from Bitcoin Local http://tradebitcoin.com/
Contact, agree on price and meet somewhere public with internet access.
Exchange! Wink

18tx3FHNrPEga3VZzDVkcCgHxXjkbDRCF8
ksi
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June 17, 2011, 05:39:10 AM
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Mtgox is the best way to go body Wink
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