Bitcoin news updates and Bitcoin Basics
In this article, I endeavor to answer one of the most asked questions on the internet in recent times. How to Sell Bitcoin? Well, how do you go about selling those? First, let’s get the basics straight since many get confused with a lot of technical jargon when it comes to bitcoin.
In simple terms, bitcoin is a cryptocurrency. It is a decentralized digital currency. Though it’s a no-brainer that it isn’t actual coin you have in your pocket, it is important to understand the technical aspect of it. I know what you are thinking right now. “Hey man, I’m here to know how to sell bitcoin, so spare me the technical details and get to the point will you?” But this technical stuff, no matter how boring, is at the very essence of knowing how to sell bitcoin.
Being a digital entity, it can be classified into two components. The term bitcoin can mean code that defines ownership as in the specificity on who owns how much and the protocol that governs the records on balance and credits distributed across the network. Both the code snippet and the protocol can be termed as bitcoin.
How To Sell Bitcoin
Well if you are looking to sell bitcoin, it means you already own some. In that case, I have good news for you. You can sell bitcoin same way you bought it since all the exchanges or sale points enables you to buy as well as sell bitcoins.
If you wish to venture into large-scale investment and sales, digital platforms namely GDAX and Gemini can be of assistance. These platforms are aimed at professional investors and traders, but novice users can avail this site as well.
Also, there are some online exchanges such as Poloniex, Coinbase, Kraken, and Bitsmap which are predominantly populated by clients who are retailers. These have varied interfaces along with relevant services and secure storage. Best bitcoin trading platform while some of these sites may require identity authentication, other sites do not, especially if the money involved is modest.
Yet another interesting feature about bitcoin is that you can, in fact, exchange it for equally worthy crypto assets instead of cash. There are certain dedicated exchange sites such as Shapeshift, ether, XRP, litecoin, dash, and others.
One of the most preferred alternatives is the direct sale. You can just register and sell on dedicated seller platforms. Thus you can easily sell bitcoins using any of the aforementioned simple and efficient methods to make a lot of profit.