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Author Topic: Best place to sell a little bitcoin  (Read 712 times)
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September 11, 2019, 07:47:43 PM
 #61

I personally do not use CEX.IO and have long since left it, occasionally using coinbase and indeed at that time they asked for a copy of ID and I agreed to it but after that I could be comfortable using coinbase, but it was not too often transacted there for fear of some negative feedback. But, if you are a person who is reluctant to send KYC, then I guess that will make you worry, because some large exchanges require us to give KYC and so far I don't think that is a problem.

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September 11, 2019, 10:50:41 PM
 #62

It depends on what coins you sell, cex.io is good, does have a few coins that enter the market and quite simple. If you want to compare prices and volumes to get maximize profits, you can look at coin marketcap and select exchangers who have more volume on the coins

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September 11, 2019, 11:07:23 PM
 #63

I have been away for awhile and was wondering where the best place to sell some bitcoin would be?

Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.

Is CEX.IO a good place to sell?

Thanks


Asking idenfication of coinbase is compulsory because cpinbase excha ge need to report all user of their exchange specially the US citizen for the implementation of taxe collection.
Check it out in the coin market cap what is the best exchnage you can sell  your coins with low rate transaction fee for you comfortabllity.
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September 12, 2019, 07:23:54 PM
 #64

I have been away for awhile and was wondering where the best place to sell some bitcoin would be?

Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.

Is CEX.IO a good place to sell?

Thanks


Asking idenfication of coinbase is compulsory because cpinbase excha ge need to report all user of their exchange specially the US citizen for the implementation of taxe collection.
Check it out in the coin market cap what is the best exchnage you can sell  your coins with low rate transaction fee for you comfortabllity.
The same story I heard about LocalBitcoins, that this platform give our documents to the government.

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September 12, 2019, 09:33:24 PM
 #65

You can choose and compare fees on each exchange on this site,
https://www.finder.com/id/cryptocurrency-exchange-fees
some sites may require KYC but some site does not.



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September 13, 2019, 01:23:26 AM
 #66

I personally do not use CEX.IO and have long since left it, occasionally using coinbase and indeed at that time they asked for a copy of ID and I agreed to it but after that I could be comfortable using coinbase, but it was not too often transacted there for fear of some negative feedback. But, if you are a person who is reluctant to send KYC, then I guess that will make you worry, because some large exchanges require us to give KYC and so far I don't think that is a problem.

KYC only aims to protect customers when you have problems withdraw money. I think in this market a lot of reputable exchanges like Binance, Bitmax do not require KYC users and we can freely withdraw money without any problems. At the moment, this issue is not what worries you because if that exchange forces KYC users then best not to join because they will definitely cause you a lot of problems.

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September 13, 2019, 07:18:12 AM
 #67

I personally do not use CEX.IO and have long since left it, occasionally using coinbase and indeed at that time they asked for a copy of ID and I agreed to it but after that I could be comfortable using coinbase, but it was not too often transacted there for fear of some negative feedback. But, if you are a person who is reluctant to send KYC, then I guess that will make you worry, because some large exchanges require us to give KYC and so far I don't think that is a problem.
KYC is something that we really cannot shy away from, because it would be worse than this in the future when there is full regulation on cryptocurrency generally by the government. kyc was never a priority of these exchanges before, but I guess they  have seen the future and they know already that it would cause them big issue when cryptocurrency becomes regulated and it would be enforced by government.

The result of the importance of KYC to government is what has led to the things we are seeing now that virtually everyone is requesting for KYC now. So the op just need to get used to dealing on exchanges with KYC, there are reliable exchanges that would never do anything bad with our data and I can beat my chest for exchanges like binance and some other ones.

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September 13, 2019, 08:18:07 PM
 #68

I personally do not use CEX.IO and have long since left it, occasionally using coinbase and indeed at that time they asked for a copy of ID and I agreed to it but after that I could be comfortable using coinbase, but it was not too often transacted there for fear of some negative feedback. But, if you are a person who is reluctant to send KYC, then I guess that will make you worry, because some large exchanges require us to give KYC and so far I don't think that is a problem.
KYC is something that we really cannot shy away from, because it would be worse than this in the future when there is full regulation on cryptocurrency generally by the government. kyc was never a priority of these exchanges before, but I guess they  have seen the future and they know already that it would cause them big issue when cryptocurrency becomes regulated and it would be enforced by government.

The result of the importance of KYC to government is what has led to the things we are seeing now that virtually everyone is requesting for KYC now. So the op just need to get used to dealing on exchanges with KYC, there are reliable exchanges that would never do anything bad with our data and I can beat my chest for exchanges like binance and some other ones.
If the cryptocurrency exchanges will be only with ID verifying in future, then, I will use fiat.

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September 13, 2019, 10:00:00 PM
 #69

I personally do not use CEX.IO and have long since left it, occasionally using coinbase and indeed at that time they asked for a copy of ID and I agreed to it but after that I could be comfortable using coinbase, but it was not too often transacted there for fear of some negative feedback. But, if you are a person who is reluctant to send KYC, then I guess that will make you worry, because some large exchanges require us to give KYC and so far I don't think that is a problem.
KYC is something that we really cannot shy away from, because it would be worse than this in the future when there is full regulation on cryptocurrency generally by the government. kyc was never a priority of these exchanges before, but I guess they  have seen the future and they know already that it would cause them big issue when cryptocurrency becomes regulated and it would be enforced by government.

The result of the importance of KYC to government is what has led to the things we are seeing now that virtually everyone is requesting for KYC now. So the op just need to get used to dealing on exchanges with KYC, there are reliable exchanges that would never do anything bad with our data and I can beat my chest for exchanges like binance and some other ones.
If the cryptocurrency exchanges will be only with ID verifying in future, then, I will use fiat.
Maybe DEX will give you the access for KYC free trading practices. In future every exchange will document the KYC as there is need for it to eliminate the illegal activities. When things happen in a proper way it'll also help with the legalization of bitcoin and other cryptocurrencies on countries that don't take any stand on cryptocurrency.

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pieppiep
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September 13, 2019, 11:59:42 PM
 #70

I personally do not use CEX.IO and have long since left it, occasionally using coinbase and indeed at that time they asked for a copy of ID and I agreed to it but after that I could be comfortable using coinbase, but it was not too often transacted there for fear of some negative feedback. But, if you are a person who is reluctant to send KYC, then I guess that will make you worry, because some large exchanges require us to give KYC and so far I don't think that is a problem.
KYC is something that we really cannot shy away from, because it would be worse than this in the future when there is full regulation on cryptocurrency generally by the government. kyc was never a priority of these exchanges before, but I guess they  have seen the future and they know already that it would cause them big issue when cryptocurrency becomes regulated and it would be enforced by government.

The result of the importance of KYC to government is what has led to the things we are seeing now that virtually everyone is requesting for KYC now. So the op just need to get used to dealing on exchanges with KYC, there are reliable exchanges that would never do anything bad with our data and I can beat my chest for exchanges like binance and some other ones.
If the cryptocurrency exchanges will be only with ID verifying in future, then, I will use fiat.

Not all exchanges will require KYC verification, and I think you can find those exchanges so you can use the exchanges to trade. But if you still want to use fiat, then that will be no problem. The best place to sell a little bitcoin is by the sellers who are in the same place as you so you don't have to confuse or to feel hard to sell.

I am sure you can find those sellers around in your city. Or you can browse in localbitcoin as this site was very popular among the bitcoiners. Or you can use other family members ID to register, and you can log in in every day using his ID Grin
mamahdedeh
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September 14, 2019, 04:05:55 AM
 #71

I personally do not use CEX.IO and have long since left it, occasionally using coinbase and indeed at that time they asked for a copy of ID and I agreed to it but after that I could be comfortable using coinbase, but it was not too often transacted there for fear of some negative feedback. But, if you are a person who is reluctant to send KYC, then I guess that will make you worry, because some large exchanges require us to give KYC and so far I don't think that is a problem.
KYC is something that we really cannot shy away from, because it would be worse than this in the future when there is full regulation on cryptocurrency generally by the government. kyc was never a priority of these exchanges before, but I guess they  have seen the future and they know already that it would cause them big issue when cryptocurrency becomes regulated and it would be enforced by government.

The result of the importance of KYC to government is what has led to the things we are seeing now that virtually everyone is requesting for KYC now. So the op just need to get used to dealing on exchanges with KYC, there are reliable exchanges that would never do anything bad with our data and I can beat my chest for exchanges like binance and some other ones.
If the cryptocurrency exchanges will be only with ID verifying in future, then, I will use fiat.

Not all exchanges will require KYC verification, and I think you can find those exchanges so you can use the exchanges to trade. But if you still want to use fiat, then that will be no problem. The best place to sell a little bitcoin is by the sellers who are in the same place as you so you don't have to confuse or to feel hard to sell.

I am sure you can find those sellers around in your city. Or you can browse in localbitcoin as this site was very popular among the bitcoiners. Or you can use other family members ID to register, and you can log in in every day using his ID Grin
good solution by selling it between people. it would be better if you met during the process, so that your transaction is smooth. would be risky if only known through cyberspace even though one city. if I exchange through an exchange I usually convert to doge, then transfer to a local exchange, so the fee is cheaper

esofelap
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September 15, 2019, 06:27:11 AM
 #72

I personally do not use CEX.IO and have long since left it, occasionally using coinbase and indeed at that time they asked for a copy of ID and I agreed to it but after that I could be comfortable using coinbase, but it was not too often transacted there for fear of some negative feedback. But, if you are a person who is reluctant to send KYC, then I guess that will make you worry, because some large exchanges require us to give KYC and so far I don't think that is a problem.
KYC is something that we really cannot shy away from, because it would be worse than this in the future when there is full regulation on cryptocurrency generally by the government. kyc was never a priority of these exchanges before, but I guess they  have seen the future and they know already that it would cause them big issue when cryptocurrency becomes regulated and it would be enforced by government.

The result of the importance of KYC to government is what has led to the things we are seeing now that virtually everyone is requesting for KYC now. So the op just need to get used to dealing on exchanges with KYC, there are reliable exchanges that would never do anything bad with our data and I can beat my chest for exchanges like binance and some other ones.
If the cryptocurrency exchanges will be only with ID verifying in future, then, I will use fiat.

Not all exchanges will require KYC verification, and I think you can find those exchanges so you can use the exchanges to trade. But if you still want to use fiat, then that will be no problem. The best place to sell a little bitcoin is by the sellers who are in the same place as you so you don't have to confuse or to feel hard to sell.

I am sure you can find those sellers around in your city. Or you can browse in localbitcoin as this site was very popular among the bitcoiners. Or you can use other family members ID to register, and you can log in in every day using his ID Grin
good solution by selling it between people. it would be better if you met during the process, so that your transaction is smooth. would be risky if only known through cyberspace even though one city. if I exchange through an exchange I usually convert to doge, then transfer to a local exchange, so the fee is cheaper
By the way, in our city there are exchangers in offices of residential premises where I can cash out bitcoin, it seems to me safer than meeting with real people.

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oaz7t
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September 15, 2019, 07:11:19 AM
 #73

I have been away for awhile and was wondering where the best place to sell some bitcoin would be?

There is no true value. It keeps fluctuating all the time and as far as we have bitcoin stretched to more than 11K recently. So you can wait until that point is reached. As you are selling small amount of money/btc then it would be worth waiting. In anyway btc is high currently. :-)


Quote
Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.

Is CEX.IO a good place to sell?

Thanks

There are always best option out there. And you can use tradebtc, hitbtc or local exchanger if you have in your region. I would suggest local one as it is more safe and gives nearby people to trade with. This can help in any unsuccessful trade if any. (Recovery etc.)
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September 17, 2019, 08:26:34 AM
 #74

I have been away for awhile and was wondering where the best place to sell some bitcoin would be?

There is no true value. It keeps fluctuating all the time and as far as we have bitcoin stretched to more than 11K recently. So you can wait until that point is reached. As you are selling small amount of money/btc then it would be worth waiting. In anyway btc is high currently. :-)


Quote
Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.

Is CEX.IO a good place to sell?

Thanks

There are always best option out there. And you can use tradebtc, hitbtc or local exchanger if you have in your region. I would suggest local one as it is more safe and gives nearby people to trade with. This can help in any unsuccessful trade if any. (Recovery etc.)
I do not recommend the Hitbtc trading platform, I had a lot of delays with the withdrawal in the past on this exchange.

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anth36jian
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September 17, 2019, 11:08:34 AM
 #75

I have been away for awhile and was wondering where the best place to sell some bitcoin would be?

Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.

Is CEX.IO a good place to sell?

Thanks
I’ve heard about this exchange for the first time, i personally use a rally called WhiteBit, though she is also young, but i traded there without problems
carter34
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September 17, 2019, 11:52:59 AM
 #76

Those who do not want to do KYC want to be anonymous especially if they are dealing with small amount of money only.

I don't think people who don't want to do KYC is because they are transacting small money or not. Maybe the people who are dealing with large money are those you could say such for.

But basically, it is just the fact that there shouldn't be need for it since it is an anonymous system and again it waste time for verification.
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September 17, 2019, 12:37:47 PM
 #77

Those who do not want to do KYC want to be anonymous especially if they are dealing with small amount of money only.

I don't think people who don't want to do KYC is because they are transacting small money or not. Maybe the people who are dealing with large money are those you could say such for.

But basically, it is just the fact that there shouldn't be need for it since it is an anonymous system and again it waste time for verification.
KYC is not necessary in this market because crypto is known as an anonymous market, so KYC can greatly affect their information. Currently, large exchanges do not force KYC customers and this has attracted the attention of many people. Personally, I never intended to KYC because this fact is a waste of my time and providing information can greatly affect your life.

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September 17, 2019, 04:07:38 PM
 #78

I don't know the exact amount of bitcoin that you want to sell but if it is not really that high, I would recommend mercatox exchange for you. This trading platform is really cool to use and it does not impose KYC verification on users although there are strong security features which is optional for users to choose from.
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September 17, 2019, 05:37:13 PM
 #79

You should look for some merchants in your country through social media networks. They can accept payments through regional banks to pay for the Bitcoin you sell. Or search for some Crypto buying and selling websites to make your Bitcoin sale, in my country, there are some Crypto buying and selling sites, and that is very easy.
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September 18, 2019, 04:08:21 AM
 #80

This should not be an issue at all as there are many better exchange where tou can sell your small amount of Btc without them requesting for your KYC information, they only request for your documents when your withdraw is above a certain tier amount

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