Selling bitcoins

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Revision as of 09:48, 11 June 2011 by Sgornick (talk | contribs) (→‎Large amounts: Fix description to reflect current methods.)
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Medium to Large amounts

The best rates for selling medium to large amounts of bitcoins generally when withdrawing from an exchange using a cash method such as a bank transfer (ACH, EUR/SEPA) or through Liberty Reserve even.

Exchange Type Adding Funds Withdrawing Funds eWallet Notes
MtGox Market BTC
Liberty Reserve USD
USD (bank wire)
USD (ACH)
EUR (SEPA bank wire)
BTC
Liberty Reserve USD
USD (ACH Direct Deposit)
EUR (SEPA bank wire)
Yes Restrictions and limits on withdrawals.
Tradehill Market BTC
USD
BTC
USD
Yes Just opened, more payment methods to come.
Britcoin Market BTC
GBP (bank deposit)
PokerStars USD
BTC
GBP (bank deposit)
PokerStars USD
Yes
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).
VirWoX Market BTC
SLL (Second Life)
ACD (Avination)
OMC (OpenSim)
USD,EUR,GBP,CHF (PayPal)
USD,EUR,GBP (Credit & Debit cards via Moneybookers)
USD,EUR,GBP (NETELLER)
EUR (DIRECTebanking / Sofortüberweisung)
USD,EUR,GBP,CHF (paysafecard)
EUR (SEPA bank wire)
BTC
SLL (Second Life)
ACD (Avination)
OMC (OpenSim)
USD,EUR,GBP,CHF (PayPal)
USD,EUR,GBP (Moneybookers)
USD,EUR,GBP (NETELLER)
EUR (SEPA bank wire)
Yes Trading through Second Life Linden Dollars (highly liquid). See VirWoX article for instructions on how to buy and sell bitcoins.
Variable limits on PayPal and Credit Card deposits.

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:

  • BitcoinExchange Services - Cash out your Bitcoins to PayPal, MoneyGram, Western Union, prepaid debit cards, Visa gift cards, or gift cards to ALL major businesses, retail shops, restaurants, hotels, etc.
  • Britcoin Trade your BTCs for GBP on the exchange.
  • Bitcoin 2 Credit Card purchase virtual VISA prepaid cards with bitcoins
  • Bitcoin2Cash Redeems bitcoins with cash mailed to you
  • Bitcoin 4 Cash Redeems bitcoins with cash mailed to you
  • Nanaimo Gold Redeem bitcoins for Liberty Reserve (automated) or for money transfer, money order or direct deposit within Canada.
  • Bitcoin Brasil Cash exchange that redeems bitcoins for BRL, USD.
  • Bitcoin Morpheus purchase reloadable debit cards with bitcoins
  • Bitcoin Market Trade your BTCs for PayPal, MoneyBookers, Liberty Reserve or Pecunix.
  • BitMarket.eu Trade your BTCs for EUR, GBP and PLN (SEPA bank transfer).
  • Bitcoin.com.es Trade your BTCs for EUR (Bank transfer).
  • Bitcoil Trade your BTCs for ILS (Israeli New Shekel). Proceeds received through bank transfer.
  • Bitomat Trade your BTCs for PLN on the exchange.
  • bitcoin.local arranges for exchanging currencies in person with someone nearby
  • Bitcoin Cashout purchase virtual prepaid cards with bitcoins
  • 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.
  • btcbuy Simple interface to trade your BTCs for Amazon or NewEgg gift cards

See Also