Selling bitcoins: Difference between revisions
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→See Also: Add entry for Secure Trading article. |
→Large amounts: Change to table format. |
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==Large amounts== | ==Large amounts== | ||
For large amounts of bitcoin (USD 1000 or more), you probably would get the best rate if you withdraw funds via ACH or via [[Liberty Reserve]] | For large amounts of bitcoin (USD 1000 or more), you probably would get the best rate if you withdraw funds via ACH or via [[Liberty Reserve]] from a major exchange. | ||
{| class="wikitable" | |||
|- | |||
| Exchange || Type || Adding Funds || Withdrawing Funds || [[eWallet]] || Notes | |||
|- | |||
| [[MtGox]] || Market || BTC<br/>Liberty Reserve USD<br />USD (bank wire)<br />USD (ACH)<br />EUR (bank wire) || BTC<br />Liberty Reserve USD<br />USD (ACH Direct Deposit)<br />EUR (bank wire) || {{Table Value Yes}} || Restrictions and limits on withdrawals. | |||
|- | |||
| [[Britcoin]] || Market || BTC<br />GBP (bank deposit)<br />PokerStars USD<br /> || BTC<br />GBP (bank deposit)<br />PokerStars USD<br /> || {{Table Value Yes}} || | |||
|- | |||
| [[Bitcoin Central]] || Market || BTC<br />Liberty Reserve USD<br />Liberty Reserve EUR<br />EUR (bank deposit)<br />Pecunix || BTC<br />Liberty Reserve USD<br />Liberty Reserve EUR || {{Table Value Yes}} || | |||
|- | |||
| [[BitcoinUSA]] || Fixed Rate || BTC<br />USD (ACH Debit) || BTC<br />USD (ACH Direct Deposit) || {{Table Value Yes}} || Requires physical mailing address verification, photo ID. | |||
|- | |||
| [[Btcex]] || Market || BTC<br />USD (international wire)<br />EUR (bank transfer)<br />JPY (bank transfer)<br />RUS (RUB, Yandex, WebMoney) || BTC<br />USD (international wire)<br />EUR (bank transfer)<br /> || {{Table Value Yes}} || USD handled in Switzerland.<br />EUR through Finland (SEPA)<br />RUS (RUB, Yandex, WebMoney). | |||
|} | |||
==Small amounts== | ==Small amounts== | ||
Revision as of 05:23, 2 April 2011
Large amounts
For large amounts of bitcoin (USD 1000 or more), you probably would get the best rate if you withdraw funds via ACH or via Liberty Reserve from a major exchange.
| Exchange | Type | Adding Funds | Withdrawing Funds | eWallet | Notes |
| MtGox | Market | BTC Liberty Reserve USD USD (bank wire) USD (ACH) EUR (bank wire) |
BTC Liberty Reserve USD USD (ACH Direct Deposit) EUR (bank wire) |
Yes | Restrictions and limits on withdrawals. |
| Britcoin | Market | BTC GBP (bank deposit) PokerStars USD |
BTC GBP (bank deposit) PokerStars USD |
Yes | |
| Bitcoin Central | Market | BTC Liberty Reserve USD Liberty Reserve EUR EUR (bank deposit) Pecunix |
BTC Liberty Reserve USD Liberty Reserve EUR |
Yes | |
| BitcoinUSA | Fixed Rate | BTC USD (ACH Debit) |
BTC USD (ACH Direct Deposit) |
Yes | Requires physical mailing address verification, photo ID. |
| Btcex | Market | BTC USD (international wire) EUR (bank transfer) JPY (bank transfer) RUS (RUB, Yandex, WebMoney) |
BTC USD (international wire) EUR (bank transfer) |
Yes | USD handled in Switzerland. EUR through Finland (SEPA) RUS (RUB, Yandex, WebMoney). |
Small amounts
For smaller amounts conversion fees are usually too expensive. Thus other methods are usually a better choice. The following exchanges will enable you to redeem smaller amounts of bitcoins at reasonable rates:
- CoinCard sell bitcoins and receive payment through PayPal or purchase virtual prepaid cards with bitcoins
- Bitcoin 2 Credit Card purchase virtual VISA prepaid cards with bitcoins
- Bitcoin2Cash Redeems bitcoins with cash mailed to you
- Bitcoin Morpheus purchase reloadable debit cards with bitcoins
- BitcoinUSD person to person trading marketplace, with escrow.
- bitcoin.local arranges for exchanging currencies in person with someone nearby
- bitcoin-otc IRC trading marketplace will usually have people willing to deal for small and larger amounts using various payment methods, including PayPal, Dwolla, Linden Dollars, etc.