Sell bitcoins okpay united
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For example, you will have to be on guard against counterfeit fiat and robbery attempts. By researching this topic, you can learn how to manage such risks. Meeting in a secure location such as a bank lobby, police station, or courthouse , and taking along a counterfeit currency detector would be a good start. You can set your own price and wait for buyers to come to you. Waiting for buyers to take your offer is an especially good practice on certain centralized exchanges.
Many such exchanges charge higher fees for those taking an offer, and lower or even zero fees for those making offers. Speaking of fees, many exchanges also charge a flat withdrawal fee. Time the Market Check what price other sellers are asking for and set your own accordingly. Try to manage your finances to minimize time pressure.
In a bull market, when prices are rising and excitement is high, it pays to be patient. If you have time, set a higher price and wait for buyers to come to you. In a sideways market, determine the range which price cycles through and set your sell price towards the upper range if you have time to spare.
At the moment this option is available for Bitcoin only and in European countries that support SEPA bank transfers , as well as holders of SEPA bank accounts worldwide: However, we are constantly expanding our reach! In time, we hope to extend this feature to your country too. Please have your bank details including IBAN at hand and your Bitcoin wallet ready for sending before initiating a sale. For further help with account verification, please click here.
Alternately, enter the desired amount of Euros you wish to receive and the correct Bitcoin quantity will be displayed. You can find your IBAN on your bank statement or by logging into your online banking system. Caution: the bank account entered must be your own, and must match the name on your Coinmama account.
We cannot send Euros to any third-parties or corporate accounts. Setting up advertisements to buy and sell Bitcoins This guide is for those who want to be actively involved in trading Bitcoins. If you are planning to sell Bitcoins only occasionally, or you're just starting out, please see the how to sell guide. Why trade on World Bitcoins? World Bitcoins is the pioneering and leading P2P Bitcoin trading platform, founded in and currently serving users from over countries.
On World Bitcoins. This is also known as over-the-counter OTC trading. People prefer to buy and sell Bitcoins OTC because it allows for fast transactions and more diverse payment methods. Centralized bitcoin exchanges are slow and cumbersome, trading directly with other people using the same payment provider makes the money move much faster.
This creates a better user experience for the customer. Benefits of trading on World Bitcoins. Serving users from over countries, World Bitcoins gives you access to a global marketplace. Quick and easy way to trade Bitcoins. Escrow protection for safe trading protects both the buyer and the seller. Reputation system for finding and filtering trustworthy customers. Dynamic pricing system with hundreds of sources ensures your prices are always up to date.
API to allow you to make your own trading applications to automate trading. Overview of the trading process A typical trade on World Bitcoins works like this, the example is an online sell trade where you're selling Bitcoins to a buyer. The process is similar when you are buying Bitcoins online, but for this example we're focusing on selling Bitcoins, as that's the most common type of trade.
First you need to create a sell Bitcoins online advertisement called an online sell advertisement. When making the advertisement you choose a payment method, set your pricing, your limits and write your terms of the trade as a free form message. Then you need to fund your World Bitcoins.
You need to have Bitcoin in your World Bitcoins wallet in order for customers to be able to open trade requests from your advertisements. When a buyer opens a trade with you, Bitcoin for the full amount of the trade is automatically taken from your wallet into escrow. Give the buyer payment instructions and guide the buyer through paying for the trade. You will receive email and SMS notifications when someone replies to your advertisement. Once the buyer has paid and pressed the I have paid button you will receive a notification via e-mail, SMS and on the website that a trade has been paid for.
When you've confirmed that you have received the payment it's time for you to release the Bitcoins. This moves the Bitcoins from escrow to the buyers World Bitcoins wallet. The final step is to Leave feedback for the buyer and encourage the buyer to do the same for you. Feedback is important in order to gain reputation and make more trades.
Getting started Before you start trading you need to consider what payment methods you are going to provide and research the payment method so that you know how it works. When you first start trading we recommend you don't choose a high risk payment method. Transfer with specific bank can be a good starting payment method, especially if there are few traders active in your country.
A few sections down is more information about different payment methods and their risk level. If you have a new account with no previous trading history, we recommend you start by replying to existing advertisements in order to buy and sell some Bitcoins. This will help you get a hang of how trading works and it will let you build some trading history which will make your account trustworthy which in turn gives your advertisements better placement in the listings.
Before you start trading Just starting out? Get some trading experience, with a brand new account it will be hard to find users to reply to your advertisements. Start out by contacting other traders ads to buy and sell, this help you get your first feedbacks and trade completions. The more trades and feedback you have, the more trustworthy you are.
It's also a good idea to verify your account by completing both the SMS verification and ID verification. A verified account is more trustworthy for buyers and will help you get more customers. Legislation varies a lot from country to country and whether you are trading as an individual or as a business.
Research the payment method you're going to offer. Read through other traders ads of the same payment method and make some trades with them. Try to identify possible problems before you start trading. We recommend you start trading using a low risk payment method, see more about payment methods below. Use payment accounts only for Bitcoin trading. Some payment providers will temporarily or permanently close your account if you receive unauthorized payments that are related to fraud.
Using accounts only for Bitcoin trading protects your personal finances. Setting up an advertisement The advertisement creation page is where you create new advertisements. You can also find this page from the post a trade link in the menu bar. There are some options when creating an advertisement which are required, and a lot of extra options which are optional but recommended to set. Using the extra options allows you to tune your advertisement to suite your trading strategy.
You can find all of the advertisements that you have created from your dashboard , you can also find it from the dashboard link in the menu bar from the icon that looks like a speedometer. In your dashboard you can also see all of your trades, both open and closed. Advertisement requirements You need to set a location, currency, payment method, price, limits and write a terms of trade.
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Below are the five steps to sell your Bitcoin on eToro. If you carefully follow these steps you would easily get to sell your Bitcoins in exchange for fiat at any time. Bitcoin is a cryptocurrency that is transferable from one wallet to another or can simply be purchased outrightly from a broker. To purchase Bitcoin on eToro, you need to be a verified user of the platform.
After verification, you can go ahead to deposit funds into your account. The game revolves around buying a crypto asset at a low range and selling at a higher value to make some profits. Unlike other physical services where you find it difficult to track their past and present price actions, eToro offers a firm historical chart pattern of Bitcoin and other cryptocurrencies.
The chart patterns are divided into diverse time frames, making it easier to track your entry points and evaluate your intended profits. To explore the historic chart of Bitcoin, you can access it on eToro by simply clicking on Bitcoin on the cryptocurrency window. The listed assets can be sold on the platform. There you can click on the asset you want to sell and then proceed to close the active position. When you have a cryptocurrency like Bitcoin in your portfolio, they are still volatile and susceptible to varying actions in prices.
Withdrawals are not taken straight from the active crypto. You have to close out the position to convert the value of your Bitcoin to a dollar equivalent or any other currency pair of choice. The value reflects on your available balance where you get to withdraw to your local bank. To close your active positions, click portfolio and then the crypto asset you want to sell. You would be propped with a box detailing your active positions and their values.
There you can indicate the amount you wish to sell, whether a part or all of it. Bitcoin Closing Trade. Users who have explored the process have all testified of the simplicity. However, there might be certain limitations that could deter one from withdrawing especially if your location is not covered by the platform. Being a verified user is often a presiding requirement for any user to withdraw. Secondly, you have to link an acceptable withdrawal channel that corresponds with your details on the platform.
For withdrawals in USD, there are no conversion fees whatsoever aside from the initial withdrawal charge. Other currency pairs might have to pay conversion fees for a high-level exchange rate. This reemphasizes the reason this broker is a favorite of many crypto traders. This implies that it is valuable and deserves to be protected and kept safe. You can store your Bitcoins in a cold or hot wallet. The cold wallet is the physical equipment used to keep your Bitcoins while the hot wallet is virtually-based.
We emphasize security, ease, confidentiality, and simplicity when choosing a Bitcoin wallet. Crypto Taxation in the US The United States in particular imposes tax returns on crypto trading and related activities. API to allow you to make your own trading applications to automate trading. Overview of the trading process A typical trade on World Bitcoins works like this, the example is an online sell trade where you're selling Bitcoins to a buyer.
The process is similar when you are buying Bitcoins online, but for this example we're focusing on selling Bitcoins, as that's the most common type of trade. First you need to create a sell Bitcoins online advertisement called an online sell advertisement. When making the advertisement you choose a payment method, set your pricing, your limits and write your terms of the trade as a free form message.
Then you need to fund your World Bitcoins. You need to have Bitcoin in your World Bitcoins wallet in order for customers to be able to open trade requests from your advertisements. When a buyer opens a trade with you, Bitcoin for the full amount of the trade is automatically taken from your wallet into escrow. Give the buyer payment instructions and guide the buyer through paying for the trade.
You will receive email and SMS notifications when someone replies to your advertisement. Once the buyer has paid and pressed the I have paid button you will receive a notification via e-mail, SMS and on the website that a trade has been paid for. When you've confirmed that you have received the payment it's time for you to release the Bitcoins.
This moves the Bitcoins from escrow to the buyers World Bitcoins wallet. The final step is to Leave feedback for the buyer and encourage the buyer to do the same for you. Feedback is important in order to gain reputation and make more trades. Getting started Before you start trading you need to consider what payment methods you are going to provide and research the payment method so that you know how it works.
When you first start trading we recommend you don't choose a high risk payment method. Transfer with specific bank can be a good starting payment method, especially if there are few traders active in your country. A few sections down is more information about different payment methods and their risk level. If you have a new account with no previous trading history, we recommend you start by replying to existing advertisements in order to buy and sell some Bitcoins.
This will help you get a hang of how trading works and it will let you build some trading history which will make your account trustworthy which in turn gives your advertisements better placement in the listings. Before you start trading Just starting out?
Get some trading experience, with a brand new account it will be hard to find users to reply to your advertisements. Start out by contacting other traders ads to buy and sell, this help you get your first feedbacks and trade completions. The more trades and feedback you have, the more trustworthy you are. It's also a good idea to verify your account by completing both the SMS verification and ID verification. A verified account is more trustworthy for buyers and will help you get more customers.
Legislation varies a lot from country to country and whether you are trading as an individual or as a business. Research the payment method you're going to offer. Read through other traders ads of the same payment method and make some trades with them. Try to identify possible problems before you start trading. We recommend you start trading using a low risk payment method, see more about payment methods below. Use payment accounts only for Bitcoin trading.
Some payment providers will temporarily or permanently close your account if you receive unauthorized payments that are related to fraud. Using accounts only for Bitcoin trading protects your personal finances. Setting up an advertisement The advertisement creation page is where you create new advertisements. You can also find this page from the post a trade link in the menu bar. There are some options when creating an advertisement which are required, and a lot of extra options which are optional but recommended to set.
Using the extra options allows you to tune your advertisement to suite your trading strategy. You can find all of the advertisements that you have created from your dashboard , you can also find it from the dashboard link in the menu bar from the icon that looks like a speedometer. In your dashboard you can also see all of your trades, both open and closed. Advertisement requirements You need to set a location, currency, payment method, price, limits and write a terms of trade.
You can create up to 5 advertisements at a time. For each Bitcoin you trade during 30 days you can create one additional advertisement. Required options Enter the country where you want your advertisement to appear. Payment method Select the payment method you want to offer from the dropdown menu. See more in the section about payment methods. Currency Choose which currency you're selling for. For instance, if you're selling in France you should select EUR.
You can use this list to find what your currency acronym is. Margin or Price equation The easy way to price your advertisement is to enter a margin you want above the Bitcoin market price. To do that, enter a percentage in the margin field. If you want more control over your price, you can use the price equation field. This will allow you to create an advanced pricing algorithm taking into account many variables.
See more in our pricing guide. If you set it to five, and you have your currency set to EUR it means that smallest trade someone can open with you will be for 5 EUR. The maximum transaction limit sets what the biggest trade that you want to accept is.
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