Selling bitcoins

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Revision as of 23:39, 13 April 2011 by Acdbddh (talk | contribs)
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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)
EUR (SEPA bank wire)
Liberty Reserve USD
USD (ACH Direct Deposit)
EUR (SEPA bank wire)
Yes Restrictions and limits on withdrawals.
Britcoin Market BTC
GBP (bank deposit)
PokerStars USD
GBP (bank deposit)
PokerStars USD
Btcex Market BTC
USD (international wire)
EUR (bank transfer)
JPY (bank transfer)
RUS (RUB, Yandex, WebMoney)
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
  • 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.
  • Trade your BTCs for EUR, GBP and PLN (SEPA bank transfer).
  • Bitomat Trade your BTCs for PLN on the exchange.
  • 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