How to sell Bitcoins and receive USD

[TurboTA]

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?

[1715659249]

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[1715659249]

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[legend018]

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

[moomba99]

Good to know.   Thanks

[Xavofat]

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.

[TurboTA]

Thanks for the replies.

Dumb question:  How does one send bitcoins from Blockchain to Coinbase?

[olehgol260]

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.

[TurboTA]

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.

[mk4]

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.

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.

[HarringtonStark]

Try Coinbase. It is what I use to buy Bitcoins with my debit card (MasterCard). It is that easy with Coinbase.