How do i sell bitcoins

Bitcoins Fast and Bitcoins Easy - How do i sell bitcoins

So you want to buy and sell Bitcoins, but how is it done? In the second part of this two-part series, I ll show you how to transfer money from your bank to a Bitcoin exchange, how to use your wallet, and how to buy real things. Off we go As I mentioned in Part 1 , mining is no longer a practical way to get into Bitcoins because of the requirement for specialised hardware and because it s very difficult for small scale operations to get any money to drop out in that way. The easiest way to get started is to send some proper money to a Bitcoin exchange. There are a few of these, the most famous being Mt.

Gox. I used Bitstamp -- my method of selection being random . I went to Bitcoin Charts to find a list of exchanges, and went through a few until I found one that made me feel in some way vaguely confident. You can t get started on this journey with a credit card -- you need something more like hard cash. I had to phone my bank to incept a wire transfer to Bitstamp s bank. This happened— Top nav — News – Companies – – Exchanges – – Merchants – – Wallets – – Investors – – Funding – Technology – – Mining – – Bitcoin Protocol – – Bitcoin ATMs – – Altcoins – – Cryptocurrency 2.0 – Regulation – Events – BitLicense – Prices – Crime – – Silk Road – Features – – Opinion – – Data Analysis – – Reviews Price & Data – Bitcoin Price Index – Bitcoin Venture Capital – Bitcoin Network Statistics – Bitcoin Calculator – About the BPI – Bitcoin ATM Map – CoinDesk API – Bitcoin Price Ticker Widget Guides – What is Bitcoin? – Why Use Bitcoin? – How Can I Buy Bitcoins? – How to Buy Bitcoin in the UK – How to Store Your Bitcoins – What Can You Buy with Bitcoin? – How to Sell Bitcoin – How to Accept Bitcoin Payments – How do Bitcoin Transactions Work? – Is Bitcoin Legal? – Who is Satoshi Nakamoto? – How Bitcoin Mining Works – How to Set Up a Bitcoin Miner – What are Bitcoin Mining Pools? – How Does Cloud Mining Work? – Calculate Mining Profitability – How to Make a Paper Bitcoin Wallet— Top nav — News – Companies – – Exchanges – – Merchants – – Wallets – – Investors – – Funding – Technology – – Mining – – Bitcoin Protocol – – Bitcoin ATMs – – Altcoins – – Cryptocurrency 2.0 – Regulation – Events – BitLicense – Prices – Crime – – Silk Road – Features – – Opinion – – Data Analysis – – Reviews Price & Data – Bitcoin Price Index – Bitcoin Venture Capital – Bitcoin Network Statistics – Bitcoin Calculator – About the BPI – Bitcoin ATM Map – CoinDesk API – Bitcoin Price Ticker Widget Guides – What is Bitcoin? – Why Use Bitcoin? – How Can I Buy Bitcoins? – How to Buy Bitcoin in the UK – How to Store Your Bitcoins – What Can You Buy with Bitcoin? – How to Sell Bitcoin – How to Accept Bitcoin Payments – How do Bitcoin Transactions Work? – Is Bitcoin Legal? – Who is Satoshi Nakamoto? – How Bitcoin Mining Works – How to Set Up a Bitcoin Miner – What are Bitcoin Mining Pools? – How Does Cloud Mining Work? – Calculate Mining Profitability – How to Make a Paper Bitcoin WalletDrama, greed, controversy, conspiracy, crime, risk, theft, speculation, wealth — such was the world of Bitcoin in 2013. The crypto-currency captivated us with its soaring highs and plunging lows in 2013, rising from $10 to $1,200 in the course of a year. It surpassed the value of gold at its peak before crashing down to $500. Today it flutters between $380 and $682 on different exchanges. We watched breathlessly as early Bitcoin owners became millionaires and authorities seized millions of dollars worth of Bitcoins from the the Web’s notorious black market, the Silk Road. We witnessed efforts to uncover the identity of Bitcoin creator Satoshi Nakamoto, and we listened to luminaries in finance and economics heatedly debate Bitcoin’s future. Millions of people followed the saga, but far fewer chose to buy Bitcoin themselves amidst all the uncertainty and volatility. Now Bitcoin is emerging out of its angsty adolescence into a more mature, adult, stable form. The Bitcoin ecosystem isSimply click sign up and confirm your email address. We highly recommend using a two-factor authentication for additional security of your account. It s nothing difficult: you just need your mobile phone at hand. 2. Deposit Bitcoins Once you’ve registered, you can go to your Finance page and click on “Deposit” next to Bitcoin balance. You will see a wallet address to which you need to send your Bitcoins, or you can just scan a QR code.

Send Bitcoins to the following address, and they will be deposited in a few minutes ! 3.

Sell Bitcoin After you have Bitcoins on your balance, you are free to sell them. You need to go to the Trade tab, scroll down a little to the Trade: buy or sell BTC section, enter the number of coins, and click the Instant Buy/Sell button. Voila! – you ve successfully traded your Bitcoins ! Verify Identity In case you want to withdraw funds after selling Bitcoins, you need to verify your identity. We ll ask you to provide us with some personal information. Just go toBitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin.

As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki : Community guidelines Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word Bitcoin are usually off-topic. This subreddit is not about general financial news.In the first part of my two part series of how to actually buy and sell Bitcoins, I look at the theory and the underpinnings of the Bitcoin system. Curiosity got the better of me. I ve seen so many articles talking about Bitcoins lately that I wanted to get a better handle on how it worked.

So I bought some, sold some, and bought some stuff with it.

And so, in this two part series: How it works The easiest part to understand is that the Bitcoin system operates as a peer-to-peer network without centralised servers. The obvious advantage of peer-to-peer is that it s difficult to shut down.

Supply and demand creates a market for Bitcoins as per a traditional financial system. There is no central authority issuing money, and there are no financial regulations offering any sort of protection to those using or trading Bitcoins. The system is designed to drip in new currency on regular intervals to mimic the normal action of economic growth within a traditional monetary system. Most articles.

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