You want to exchange bitcoins for your currency? Sell bitcoins directly to other people or at bitcoin exchanges.
Why would you sell bitcoins through other people? - It's private, quick and easy.
At Localbitcoins you can choose how you want to receive money: cash, bank transfer or other method.
Follow these steps to sell bitcoins at localbitcoins.com:
Step 1. Register at Localbitcoins.com. You get a free and secure online bitcoin wallet. No additional apps are needed.
Step 2. You need to first send bitcoins to your LocalBitcoins wallet. For that click at “Wallet” (upper right corner of main page) and there at “Receive bitcoins” tab identify the address and copy it. (Please note this address is different for every transaction. This is done for security reasons. Using new address every time to receive bitcoins will make harder for fraudsters to track your transactions. Old addresses still stay active, but not recommended to use).
Step 3. Send bitcoins to that address from your personal bitcoin wallet (PC or Mobile) or from BitKong website. (Note that minimum sum to be sent is 200 bits (0.0002 BTC). Deposits less are not processed).
Step 4. Choose “Quick sell” or “Sell bitcoins” at main page and insert parameters of the deal: Amount (sum in your currency you want to get for the bitcoins you sell), Your currency, Your Country and City, Payment method).
Step 5. Choose trader (prefer traders with high rating and big number of completed trades). The online indicator shows if a trader is online right now (green), inactive (yellow) or offline (grey).
Step 6. Press “Sell” to get to final step. Check it out carefully and make sure you agree with all details.
Step 7. Write a message to trader to agree details (optional).
Step 8. Click “Send trade request”.
Step 9. Make sure you received your money and after that click “Release the funds” so that the trader receives bitcoins.
Step 10. Mark as “Complete”. (Write a feedback if you want).
Voila! Congrats with you first Bitcoin sale on Localbitcoins!
*The site also provides an escrow service as an added layer of protection for both parties. It means that your money is first deposited on escrow account, until you have your deal done.
*Some payment methods are considered high risk. Bitcoin transactions are completely irreversible. Once you sell your Bitcoins it's not possible for you to recover them, even if the buyers payment is reversed. That's why we recommend you sell with a low risk payment method to experienced users with a large amount of previous trades and 100% feedback.