The process of selling Bitcoins is an important part of the trade and demand of BTC. It would be impossible to reach a consensus regarding the price of BTC if there aren’t investors who are in a position to buy and sell Bitcoins.
There are plenty of options that you can consider for selling your BTC. If you’re new to the crypto world, in this article, we explain more about the most popular options for selling your BTC.
Bitcoin ATMs
In the beginning, the only way of gaining BTC was through mining, and when it came to selling your Bitcoins, it was done mostly on forums with a deal between the users, which was not a very secure way to sell your Bitcoins.
But, as the crypto market matured over the years and a lot of trading sites were developed as a response, there was also a real need for the development of a Bitcoin ATM that allows users to get BTC and sell BTC at a physical location.
It is also a useful option for users that are not interested in registering on trading platforms in order to sell their BTC or not that tech-savvy.
Bitcoin ATMs are similar to cash ATMs, but their main purpose was to allow people to obtain BTC. Initially, there weren’t that many bi-directional ATMs where you use the same ATM to obtain and sell your BTC.
However, nowadays, there are plenty of ATMs that offer the option to sell your BTC for cash. So, technology-wise, it’s safe to say that Bitcoin ATMs have also evolved, and you can definitely find one in your area and use it in order to sell your BTC.
Basically, the ATM functions similarly to a traditional one, and it has a bill acceptor, dispenser, monitor, and QR scanner. But, the main difference is that you need a Bitcoin wallet in order to use the Bitcoin ATM, and you will also need to use it to provide some form of identification like a password or a driver’s license. These are central components that will allow you to make your desired BTC transaction on the ATM.
Trading Platforms
When it comes to trading platforms, there is also an abundance of great options. For example, when you access yuanpay group login platform, you will learn that this is an excellent automated trading system that completes the technical aspects of trading automatically.
It is based on AI-powered technology, which means it is able to trade quickly and more accurately than regular, manual trading sites. In fact, the system can generate a daily profit of up to 80% for its users.
That being said, Bitcoin trading platforms are the go-to choice when it comes to exchanging BTC, obtaining BTC, or and of course, selling Bitcoins. It’s also worth mentioning that due to the popularity of online trading sites, there are Bitcoin ATMs that are connected to a trading platform that offers you the option to trade your BTC for other currencies.
Selling BTC in Person
This is the last option and offers an opportunity for users to meet in person and obtain BTC and sell their crypto funds. This isn’t that accessible or popular an option as the other two, which are deemed more secure. However, there are services that offer this option to their members.
One example is LocalBitcoins, a platform that allows you to locate people in your area that want to sell or buy BTC. You can compare different offers on the site and find one that suits your financial goals. To sum up, based on your financial situation, you can use multiple options that work for you, and also, we expect more options available in the future that will help you to seamlessly sell your BTC thanks to the mass crypto adoption.
