{"id":6846,"date":"2018-06-27T00:00:00","date_gmt":"2018-06-27T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/06\/27\/complete-guide-to-sell-cryptocurrencies\/"},"modified":"2023-04-03T11:53:27","modified_gmt":"2023-04-03T11:53:27","slug":"sell-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/sell-cryptocurrencies\/","title":{"rendered":"Complete guide to sell cryptocurrencies"},"content":{"rendered":"

How can I sell cryptocurrencies?<\/a><\/strong>, if you are thinking about investing or have invested in virtual currencies this is the first question we must solve. Knowing how and where to do it will save us time and headaches, in this guide we will try to solve all your doubts.<\/strong><\/p>\n

What can you do to sell cryptocurrencies?<\/h2>\n

\"ventas\"<\/p>\n

Many times people invest in cryptocurrencies with the intention of keeping them (commonly known as HOLD), because the project is trusted or because a long-term benefit is sought.<\/p>\n

But if for some reason you need to convert that virtual money into fiat, you need to know what to do to sell cryptocurrencies. There are several ways to do it and the most advisable, both for speed and safety, is to sell those virtual coins<\/a><\/strong> to someone close to our environment such as a family member, a friend \u2026<\/p>\n

If this is not possible, we can use one of the many selling methods that the market offers us.<\/p>\n

Where can you sell cryptocurrencies?<\/h2>\n

There are different ways and places to sell cryptocurrencies, these are the safest and best known:<\/p>\n

Sell cryptocurrencies through a Bitcoin ATM<\/h3>\n

\"bitcoin<\/p>\n

Every time there are more bitcoin ATMs around the world, where bitcoin can be sold<\/strong> for real money, fast and secure. From this page you can find if there is a cryptocurrency ATM near your location<\/strong><\/a>.<\/p>\n

Pros<\/strong>:
\n\u2022 Service security
\n\u2022 Comfort
\n\u2022 Cash instantly.<\/p>\n

Cons<\/strong>:
\n\u2022 Retail price is lower than in an Exchange<\/p>\n

Sell cryptocurrencies in a buy\/sell platform<\/h3>\n

\"buy<\/p>\n

The selling platforms of cryptocurrencies like Coinbase<\/a> or Bitso<\/strong> are also a safe option when changing crypto to fiat, but it also has a downside since the price for which they buy on these platforms is lower than the market price, so the benefit would be less than if we sell in person or in an exchange.<\/p>\n

Pros<\/strong>:
\n\u2022 Service security
\n\u2022 Comfort
\n\u2022 Direct money to the bank account<\/p>\n

Cons<\/strong>:
\n\u2022 Retail price lower than in an Exchange<\/p>\n

Sell cryptocurrencies between individuals<\/h3>\n

\"hand<\/p>\n

If we want to sell our cryptocurrencies but we want to do it in person, we can use a peer to peer sales platform, such as LocalBitCoins – one of the best and safest platforms that give the purchase \/ sale option in person. On this website it is possible find people who want to buy and sell cryptocurrencies near us.<\/p>\n

Pros:<\/strong>
\n\u2022 Cash instantly
\n\u2022 Sales price higher than the market price<\/p>\n

Cons:<\/strong>
\n\u2022 Distrust with the buyer if he is unknown.<\/p>\n

Sell cryptocurrencies through exchange platforms<\/h3>\n

\"exchange\"<\/p>\n

To sell cryptocurrencies in an exchange<\/strong><\/a> we must take several factors into account.<\/p>\n

1st. That the Exchange has the Pair \/ Fiat that we wish to exchange<\/strong><\/h4>\n

Not all exchanges allow an exchange to Dollar or Euro directly. Because of legal reasons many exchanges are limited to only exchanging cryptocurrencies without including any Fiat pair.<\/p>\n

2nd. That the Exchange has the possibility of sending the Fiat money into our bank account<\/strong><\/h4>\n

In most cases, if an Exchange allows the change to fiat money, it is because it also allows money to be sent from the bank account to the Exchange and vice versa, but it is best to make sure before making the change.<\/p>\n

3rd. That we meet the requirements that the Exchange asks to send the money<\/strong><\/h4>\n

For legal reasons, Exchanges that allow you to sell cryptocurrencies and convert them into fiat money, ask to verify the identity of the account, either by ID, Passport, Address verification, a photo with the date on it, etc.<\/p>\n

In some Exchange houses these verifications go by levels, for example:<\/p>\n