How to Sell Bitcoins — A Beginner’s Guide

How to Sell Bitcoins Summary

  1. Find an exchange (e.g. CEX.io, Bitpanda, Coinbase)
  2. Send your Bitcoins to that exchange
  3. Trade your Bitcoins for fiat
  4. Withdraw the fiat to your account
  1. Selling Bitcoins in a Nutshell
  2. Selling Bitcoin with PayPal
  3. Selling Bitcoins with a Credit Card
  4. Selling Bitcoins with a Bank Account
  5. How do I Sell Bitcoin for Cash?
  6. Frequently Asked Questions
  7. Conclusion

1. How Do You Sell Bitcoins?

  • Do you want the easiest method, or the cheapest method?
  • Do you want the money deposited into your bank account or PayPal?
  • How long do you want to wait to receive your cash?
  • Which currency do you need to change your Bitcoin in to?

2. Selling Bitcoin with PayPal

1. Coinbase

  • Head over to Coinbase.com
  • Create an account and complete all identity verification steps
  • Go to Settings > Linked Account and click on the link an account
  • Select Paypal (If you see it) and connect with your PayPal account

2.LocalBitcoins

  1. Open a LocalBitcoins account
  2. Go to “Sell Bitcoins”
  3. Choose a country — since you’re not meeting in person it doesn’t really matter which country you choose so personally I’d go with countries that have more probability to have sellers like USA, UK, etc.
  4. Choose “PayPal” as the payment method
  5. Select a buyer

3. Paxful

  • Head over to Paxful website
  • Click on register and create an account
  • Select “Sell bitcoin” and select PayPal as medium.
  • Select your country.

3. Selling Bitcoin with a Credit Card

CEX.io

4. Selling Bitcoins with a Bank Account

5. How Do I Sell Bitcoins for Cash?

Bitcoin ATMs

6. Frequently Asked Questions

7. Conclusion

  • Easy to do
  • Don’t cost a lot in fees
  • Can be done quickly

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