Selling bitcoins

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Revision as of 05:23, 2 April 2011 by Sgornick (talk | contribs) (→‎Large amounts: Change to table format.)
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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.

See Also