how do you sell bitcoins

most established platform, is struggling to keep pace with demand. Speaking of which, what type of fees can I expect to pay? Each exchange has a different interface, and some offer related services such as secure storage. Gemini are aimed more at large orders from institutional investors and traders.

How to Sell Bitcoin - A Guide to Selling Bitcoin Online How to Sell Bitcoin Digital Trends How to Sell Bitcoins - What is Bitcoin?

Bitcoin is still a niche currency, though an increasing number of companies, including Microsoft and Subway, now accept. The major exchanges require a good deal of identification and sensitive financial information to establish and fund an account. And even if you verify your identity, you may still be limited to buying 750 of bitcoin per week with a credit card or 10,000 to 15,000 per week if you use a bank account. If you and your community want to build an economy upon it, you all can get some GPUs or fpgas and start mining.

Another alternative is the direct sale. Of course, that's something of a process in and of itself. (Note that Coinbase offers a debit card that let you buy things with Coinbase anywhere Visa is accepted.) You could buy your next oven roasted chicken with bitcoin. How do I keep my bitcoin safe? Or, you can sell directly to friends and family once they have a bitcoin wallet set. You can register as a seller on platforms such. And it's only a matter of time before the big institutional investors figure out a way to offer bitcoin to the masses through ETFs and index funds. (In 2015, payment processor BitPay claimed that more than 100,000 merchants around the world accepted bitcoin.) To put that in perspective, Apple Pay is accepted in more than 2 million stores and "tens of millions" of stores in more than 200 countries accept Visa. Even in US and Europe where it's most popular, Bitcoin is still in its infancy and this process is only just happening. And then there is the matter of fees, which can quickly erode your balance. Now playing: Watch this: Bitcoin: A beginner's guide 3:09, where can I buy bitcoin?

how do you sell bitcoins

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