Selling bitcoins

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Revision as of 19:18, 15 June 2012 by Sgornick (talk | contribs) (Major Exchanges: Update deposit and withdrawal methods for VirtEx.)
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There are various methods for selling bitcoins.

Warning: Please be careful with your money. When sending bitcoins to an exchange or other counterparty you are trusting that the counterparty will not abscond with your bitcoins and that the operator maintains secure systems that protect against theft -- internal or external. It is recommended that you obtain the real-world identity of the counterparty and ensure that sufficient recourse is available. Exchanging or storing significant funds with exchanges is not recommended.

Major Exchanges

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).

Exchange Type Adding Funds Withdrawing Funds eWallet Notes
MtGox Market BTC
BTC (Redeemable code)
USD (Dwolla)
USD (International bank wire)
USD (Wire to AurumXChange)
AUD (Bank wire)
GBP (Bank wire)
USD (Redeemable code)
Liberty Reserve USD
BTC
BTC (Redeemable code)
USD (Dwolla)
USD (Wire via AurumXChange)
AUD (Bank wire)
USD (Redeemable code)
Liberty Reserve USD
Liberty Reserve USD (via AurumXChange)
Yes Restrictions and limits on withdrawals.
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 transfer)
BTC
SLL (Second Life)
ACD (Avination)
OMC (OpenSim)
USD,EUR,GBP,CHF (PayPal)
USD,EUR,GBP (Moneybookers)
USD,EUR,GBP (NETELLER)
EUR (SEPA bank transfer)
Yes Trading through Second Life Linden Dollars (highly liquid).
Variable limits on PayPal and Credit Card deposits.
Intersango(Britcoin) Market BTC
GBP (bank deposit)
USD (Dwolla)
EUR (SEPA bank deposit)
PLN (bank transfer)
BTC
GBP (bank deposit)
USD (Dwolla)
EUR (SEPA bank transfer)
PLN (bank transfer)
Yes
BTC-E Market BTC
USD (Liberty Reserve)
USD (Interkassa)
BTC
USD (Webmoney)
Yes Language: Russian. Interkassa can be funded from Webmoney and many other methods.
VirtEx Market BTC
CAD (cash deposit at Royal Bank and Bank of Montreal)
CAD (Wire transfer)
BTC
CAD (direct deposit)
CAD (Canada Xpress Post Bank Draft send by mail)
CAD Payza (formerly AlertPay)
Yes
Camp BX (CBX) Market BTC
USD (Dwolla)
USD (Personal Check)
USD (USPS Postal Money Order)
USD (Bill Pay - Using your bank)
BTC
USD (Dwolla)
USD (ACH Direct Deposit)
USD (USPS Postal Money Order)
USD (Domestic bank wire)
USD (International bank wire)
Yes
  • Security certification from McAfee
  • Advanced trading options with AON/FOK/Market
  • STOPLOSS and Short-Selling in Pipeline
  • Trading API available
  • Wallet API available
  • CBX Instant Bitcoin Transfers Feature
  • Stoploss / Custom Order Expiry Date/Time
  • SMS (Text Message) Notifications
  • Two-Factor Authentication
  • Based in USA - Atlanta
Bitfloor Market BTC
USD (Cash deposit at Chase)
USD (bank wire transfer)
USD (Popmoney)
USD (ING Person2Person)
BTC
USD (ACH, direct deposit)
Yes
BitStamp Market BTC
BTC (Redeemable code)
EUR (SEPA transfer)
USD (Intl wire)
USD (Redeemable code)
CHF
BTC
BTC (Redeemable code)
EUR (SEPA transfer)
USD (Intl wire)
USD (Redeemable code)
CHF
Yes EUR and CHF deposits converted to/from USD for trading
Bitcoin-Central Market BTC
CAD (Interac)
CAD (Bank wire)
CAD (Cash deposit)
EUR (SEPA)
INR (Bank wire)
Liberty Reserve USD
Liberty Reserve EUR
PGAU Pecunix Gold
BTC
CAD (Interac)
CAD (Bank wire)
EUR (SEPA)
INR (Bank wire)
Liberty Reserve USD
Liberty Reserve EUR
Pecunix Gold
Yes Open-source, community reviewed platform
Available in French and English languages
HelloBitcoin Market BTC
USD (Cwolla)
USD (Bank wire)
USD (Check)
BTC
USD (Check)
USD (Bank wire)
USD (ACH)
Yes Offers margin trading and shorting.
Mercado Bitcoin Market BTC
BRL (Bank transfer)
BRL (Bank transfer - MoIP)
Liberty Reserve USD
BTC
BRL (Bank transfer - MoIP)
Yes Language: Portugese
Brasil Bitcoin Market Market BTC
BRL (Bank transfer - MoIP)
BTC
BRL (Bank transfer - MoIP)
Yes Language: Portugese
Rock Currency Exchange Market BTC
SLL (Second Life)
USD (Dwolla)
EUR (SEPA bank transfer)
BTC
SLL (Second Life)
USD (Dwolla)
EUR (SEPA bank transfer)
Yes
WM-Center Exchanger BTC
USD (International bank wire, Western Unon, Moneygram, Xoom etc, cash)
EUR (IBAN bank wire)
RUB (bank wire, WU, Anelik and etc, cash)
AUD (Bank wire)
Liberty Reserve USD/EUR, Perfect Money USD/EUR, Pecunix, Paxum, c-gold, Hoopay, GDP
BTC
USD (International bank wire, Western Unon, Moneygram, Xoom etc, cash)
EUR (IBAN bank wire)
RUB (bank wire, WU, Anelik and etc, cash)
AUD (Bank wire)
Liberty Reserve USD/EUR, Perfect Money USD/EUR, Pecunix, Paxum, c-gold, Hoopay, GDP
PayPal USD/EUR, Moneybookers, Neteller
No 24/7/365 support in english, spanish and russian!
bitNZ Market BTC
NZD (Domestic bank transfer)
BTC
NZD (Domestic bank transfer)
Yes
Bitcoin-24 Market BTC
USD (OKPay)
USD (MtGox redeemable code)
USD (Credit card through LiqPay)
EUR (Sofortüberweisung)
BTC
EUR (SEPA bank transfer)
USD (Mt. Gox redeemable code)
Yes
Kapiton.se Market BTC
SEK (Bankgiro Bank Transfer)
BTC
SEK (Bankgiro Bank Transfer)
Yes
BtcTree Market BTC
USD (BtcTree redeemable code)
USD (AurumXChange VouchX redeemable code)
USD (Liberty Reserve)
CNY (AliPay)
BTC
USD (BtcTree redeemable code)
USD (AurumXChange VouchX redeemable code)
CNY (Alipay)
Yes
Vircurex Market BTC
EUR (Liberty Reserve)
USD (Liberty Reserve)
BTC
EUR (Liberty Reserve)
USD (Liberty Reserve)
Yes Trading in many other P2P/Crypto currencies possible

Fixed Rate Exchanges & Others

The following exchanges are either exchanges using a fixed rate based on other markets or are exchanges that enable you to redeem smaller amounts of bitcoins at reasonable rates:

  • AutoMtGox Convert your bitcoins to US Dollars automatically.
  • Bahtcoin Trade BTC for Thai Baht, cash, LR, Webmoney, or Thai mobile and gaming prepaid cards.
  • Bit / BTC China - Market for exchanging bitcoins to and from CNY.
  • Bitcoil Exchange BTC for ILS with bank transfers in Israel
  • Bitcoin Argentina Trades BTC for ARS. Cash and bank transfer. No exchange fees.
  • Bitcoin Brasil Cash exchange that redeems bitcoins for BRL, USD.
  • Bitcoin Market Trade your BTCs for MoneyBookers, Liberty Reserve or Pecunix.
  • Bitcoinica Leveraged BTC/USD contract-for-difference (CFD) trading.
  • Bitcoiny.cz Trade your BTCs for CZK. No-escrow, direct person-to-person trading.
  • 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.
  • Bitcoin.com.es Trade your BTCs for EUR (Bank transfer).
  • bitcoin.de Trade your BTCs for EUR (bank wire, SEPA bank transfer, Liberty Reserve, Money Bookers), person to person, eWallet
  • bitcoin.local arranges for exchanging currencies in person with someone nearby
  • BitMarket.eu Trade your BTCs for EUR (SEPA bank transfer), GBP, USD, PLN, AUD, CAD, ZAR, ILS, CHF, and RUB as OTC with BTC Escrow.
  • BitMarket.co Trade your BTCs for Colombian Peso (COP) as OTC with BTC Escrow.
  • BitPiggy Trade your BTCs for AUD (Bank transfer).
  • BTCinstant.com Trade bitcoins for Virtual Credit Card (VCC, and specifically Virtual Mastercard brand) sent through e-mail.
  • BTC Buy Simple interface to trade your BTCs for Amazon, Barnes & Noble, NewEgg, ThinkGeek and Sears gift cards
  • BTCPak EXCHANGE YOUR BITCOINS FOR MONEYPAK: SECURE, ANONYMOUS AND EASY!
  • BTCX.se / BTCX.se || Fixed Rate || SEK || Transfer to and banks in Sweden.
  • Canadian Bitcoins Buy/Sell Bitcoins in CAD and receive Cash, Cheque or Bank Transfer (TD Person Pay).
  • Coinabul Trade your BTCs for Gold/Silver
  • CoinCard buy gift cards and Amazon Payments with bitcoins
  • GetBitcoin Trade your BTCs for USD (Cash in the mail, Check, Western union or Bank Wire).
  • Lilion Transfer Exchanges bitcoins for Liberty Reserve, Pecunix, AlertPay, Moneybookers, PayPal, and more.
  • Nanaimo Gold Redeem bitcoins for Liberty Reserve (automated) or for money transfer, money order or direct deposit within Canada.
  • Bitcoin Nordic Sell bitcoins with withdrawal to PayPal or bank transfer.
  • Spend Bitcoins Sell bitcoins with withdrawal to PayPal, bank transfer (AUD only), Amazon Payments, and other various methods.
  • LocalBitcoins.com Location-based bitcoin to cash exchange.

See Also