best exchange to sell 10 BTC

[metalbean]

Due to some urgent needs, I need to take profit from ~10 BTCs for USD. Not right away but probably in a week or two. Am not a big timer, so 10 BTC is quite alot for me.

Can anyone suggest which major exchange offers the best rates? It's easy to look at coinmarketcap but I gather there might be hidden charges - withdrawal fees, spread etc, bank charges even. I am already on Kraken if it's worth knowing but am good to go at any trusted exchanges.

For those of you active traders, advice highly appreciated

[paulgiganti]

I would recommend Kraken, I understand you want to get the best rate but security is your main concern with 10BTC.
Kraken is very safe for orders this size.
If not you can always try locabitcoins.com and negotiate a good deal.

[LeGaulois]

Any reputed exchange like Bitstamp, Kraken, etc. Don't worry 10 BTC is a lot for everyone. If you need quite urgently You can use Kraken safely as long you don't cross the daily/monthly limit. Using Loacalbitcoin as it has been suggested is not so good as you won't have a good rate

[Zuilhsa]

I would recommend Kraken, I understand you want to get the best rate but security is your main concern with 10BTC.
Kraken is very safe for orders this size.
If not you can always try locabitcoins.com and negotiate a good deal.

I'm not sure about kraken. I have been suggested to use localbitcoins if interested to take part into trading. Till date I haven't got into any form of trading. I focus into learning about the good, bad and the requirements for being successful in trading and enter after earning some amount of buffoon. On account of the suggestion I got feel this to be the best.

[blockcha1n]

I personally would use Bitstamp for such a big sum, I don't feel localbitcoins would give me enough security. With Kraken I'm totally subjective. So I don't know what you should do, but if I needed to liquidate 10 coins at this price, I'd do it with Bitstamp.

[johnwest]

I personally would use Bitstamp for such a big sum, I don't feel localbitcoins would give me enough security. With Kraken I'm totally subjective. So I don't know what you should do, but if I needed to liquidate 10 coins at this price, I'd do it with Bitstamp.

I would also vote for Bitstamp as you will have to divide the total into lots of parts if you want to liquidate in Kraken. Localbitcoins is not that preferable because 10 BTC is a lot and you cant trust anyone in this matter.

[kolesozw]

I would recommend you Bittrex.

But keep in mind, whatever exchange you choose, you will need to pass full verification before able to withdraw $4K+.

[roadbits]

I would recommend you Bittrex.

But keep in mind, whatever exchange you choose, you will need to pass full verification before able to withdraw $4K+.

What in Bittrex can we convert our bitcoins to fiat currency? Is this option is available on this site? I am sorry I just trade BTC to other altcoins not converted my bitcoins to USD ever, so I am asking. If we want to convert our bitcoins in fiat, we have to transfer our BTC from bittrex to local currency exchange and do this is the process am I right?

[bitbunnny]

It's not a small amount so you need reliable exchanger you could trust. Bitstamp is one of those I could recommend. If you want more private exchange then you can choose localbitcoins but in that case I recommend that you go with smaller amount and choose traders carefuly as well as means of funds transfer.

[cubevtc]

me used this site and i got all time money in 24 hour soo very fast and very good rate https://www.btcxchange.ro/referral/BTCXAFF79094B7299F

[Hazir]

It depends if you prefer to use trusted exchange or risk a bit and save more money (questionable) and use less known, trusted service.
Considered that bitcoin exchanges have certain kind of reputation (even the biggest exchanges failed in the past).
I would rather use the most trusted, regulated exchange available and pay more fees than try my luck with 2nd-grade service.

[HeRetiK]

Any reputed exchange like Bitstamp, Kraken, etc. Don't worry 10 BTC is a lot for everyone. If you need quite urgently You can use Kraken safely as long you don't cross the daily/monthly limit. Using Loacalbitcoin as it has been suggested is not so good as you won't have a good rate

+1 for Kraken and Bitstamp.


In addition to the daily / monthly limit, keep in mind the following:

1) You will probably need to get your ID verified at the respective exchange. This process may take days if you're unlucky, so take care of this early.

2) Depending on your legislation you may have to register larger incoming bank transfers (eg. Germany)

[danherbias07]

First of all that is a lot of money my friend.
Either bitstamp or kraken will be looking for verification for security purposes.
Best to do that first instead of rushing all of it when you need it mostly.
40k USD is not a small time, you could buy a lot out of it.

[gentlemand]

Before you sell anything on an exchange make sure you verification is in order. Bitstamp particularly are well known for asking ridiculous questions about the origins of the coins and your intentions. It seems going above certain amounts triggers this.

As far as I know USD via Kraken is done by a third party payment processor that seems to be pretty shitty and is another one who throws verification at you. There's also very little USD volume on Kraken compared to EUR.

If you're in the right state Gemini is probably the best option. You could also try a very established trader on Localbitcoins.

[PAKYU]

generally all big exchanges as the same as others.

[xaxistech]

Well, if you wanna be safe in your transaction and if you are afraid of being scammed, then use Kraken, it the best exchanger that is around here at the moment. Dont try to use poloniex or bittrex, they will probably scam you like they did with an user that deposited 5 btc and the transaction was never reflected on his poloniex balance, also they never reply support section.

[Casdinyard]

Your 10btc is a lot brother so better be careful in exchanges.
When I first trade my coins I try to trade a small amount first so I can test the exchange and if nothings happen then i'll go all in. That's it.
I've been using bittrex and so far I didn't have any problems using this. And also wavesdex. I tried once the Kraken and maybe it doesn't suits me like there's something that comes up and I dont wanna risk my money and I use again the bittrex.

[bitcoinmaniac52]

Due to some urgent needs, I need to take profit from ~10 BTCs for USD. Not right away but probably in a week or two. Am not a big timer, so 10 BTC is quite alot for me.

Can anyone suggest which major exchange offers the best rates? It's easy to look at coinmarketcap but I gather there might be hidden charges - withdrawal fees, spread etc, bank charges even. I am already on Kraken if it's worth knowing but am good to go at any trusted exchanges.

For those of you active traders, advice highly appreciated

Use LocalBitcoins, friend! That is the place you can sell very quickly your 10 Bitcoins without needing Identification or SMS verification - 100% anonymous. They will deposit directly to your bank. That is my recommendation to you.

[metalbean]

Thanks guys for all the wonderful suggestions

Suggestion to use Bitstamp or Kraken the most, or maybe even bittrex. My Kraken account is already verified so that's a good start, but I am good to verify with new exchanges it usually take a few days but I can wait (just hope prices doesn't fall, unlikely though lol)

Arbitrage for bitcoins won't be alot but 1% saved will be 400USD so that's still alot of money to me. Someone also suggested Gemini, and they seem to have good rates on coinmarketcap but I have heard little about them, maybe it's just me.

I can spread the 10 BTCs into 10 or more trades to avoid a big trade if needed, trades can be executed for a few days. Unless there's a reason to do a big trade (save on fees?)

Localbitcoins have inferior price to buyer, you pay more as a buyer, so does that mean you get more as a seller? I've purchased before on localbitcoins and I get charged slightly higher than exchanges, though it might be just be me in local currencies.

Thanks again.

[KennyR]

Due to some urgent needs, I need to take profit from ~10 BTCs for USD. Not right away but probably in a week or two. Am not a big timer, so 10 BTC is quite alot for me.

Can anyone suggest which major exchange offers the best rates? It's easy to look at coinmarketcap but I gather there might be hidden charges - withdrawal fees, spread etc, bank charges even. I am already on Kraken if it's worth knowing but am good to go at any trusted exchanges.

For those of you active traders, advice highly appreciated

Use LocalBitcoins, friend! That is the place you can sell very quickly your 10 Bitcoins without needing Identification or SMS verification - 100% anonymous. They will deposit directly to your bank. That is my recommendation to you.

Most of the users here have suggested localbitcoins, because of the legitimate and flawless service rendered around most of the localities. Another important thing is that localbitcoins is one among the five recognized platform for trading. Right now rather than selling its good to keep hold of the bitcoins. This gives assured profit as price keeps growing continuously.