How to Sell Bitcoin (BTC) in 2020

How to Sell Bitcoin (BTC)

There is no need to say that Bitcoin is #1 cryptocurrency in the world. Today, BTC is a synonym for the whole blockchain industry. It is quite obvious that if you ask someone about cryptocurrencies, the first word will probably be Bitcoin. 

The state of the crypto market is currently extremely unstable. The trend is as follows – the price for major cryptocurrencies is in decline while the market turned red.

coin360

For this reason, we’ve decided to provide you with the best places that help you to sell BTC. The Changelly platform also provides instant exchanges for 150+ cryptocurrencies.   


Where to Sell Bitcoin (BTC)

There is a wide range of platforms that allows you to sell Bitcoin in a manner that suits you the most. Do you want to sell BTC through the conventional crypto exchange? Or, perhaps, via a peer-to-peer (P2P) way? Maybe your country provides ATMs to cash out BTC? We are going to inspect them all.

But first things first. To sell something, you have to at least buy something. In this case, we assume that you are already a proud owner of BTC. Just a quick reminder of what should be taken into consideration before BTC selling. 

Sell BTC a P2P Way

BitQuick

bitquick

BitQuick is a P2P platform that claims you can sell (and buy) BTC in just three hours. To sell BTC via BitQuick, a user should fill out the sell form and deposit an amount of BTC he wants to sell to a personalized escrow address. After that, a seller will receive a cash deposit made by a buyer on BitQuick. 

On the contrary, a user who wants to buy BTC selects a suitable order from the order book and submits it. Then the user goes to the real bank and deposits cash to the associated account of the BTC seller. Once it’s done, the buyer must take a photo of the receipt to prove the deposit is made and upload it to the link received from BitQuick. 

FoundedBasedAvailabilityFees
2014Cincinnati, Ohio, USAIn 49 out of 50 states of USA 
No fees

LocalBitcoins

localbitcoins

The service offers users to sell BTC instantly via a truly P2P (person-to-person) way, as you make a trade directly with another person. In the era of digital trading, one may think that such a payment method sounds weird. However, 3.6M monthly users don’t think so. 

People all around the world place advertisements for BTC, specifying the exchange rate they are willing to buy or sell bitcoins. Users can meet each other in a secure place to buy BTC with cash. Online banking is available also. LocalBitcoins supports different payment methods like Paypal, Western Union, and other 60+ methods and provides escrow to protect clients’ funds.  

FoundedBasedAvailabilityFees
2012Finland248 countries including Canada and the USA (except the state of NY)
1% fee per any transaction

Paxful

paxful

Paxful is another peer-to-peer market that connects BTC buyers and sellers together. The platform offers 24/7 customer support and over 300+ payment methods (including bank transfers, PayPal, Cash In-Person, etc) which are pretty convenient for novice traders in particular. You can even buy BTC with an Amazon gift card! 

Paxful allows you to instantly buy and sell BTC via the website or on the go via its mobile application. The platform has its own Paxful mobile wallet that enables secure storage of funds. 

FoundedBasedAvailabilityFees
2014USWorldwide (restricted in Central African Republic, North Korea, and 10+ countries)
0,5% – 1% 

Sell BTC via Broker

Coinmama 

coinmama

Looking for the fastest way to sell BTC? Well, Coinmama is there for you. Coinmama is a brokerage service for major cryptocurrencies – BTC, ETH, XRP, ADA, and so on. Although, the platform enables you to sell only BTC. Unlike crypto exchanges that play an intermediary role between sellers and buyers, Coinmama sells cryptocurrency directly to a user. 

The platform has been on the market for a long time. Today, Coinmama is operating within more than 200 countries. The service is registered under FinCEN in the United States of America. Hence, Coinmama provides stable work while protecting users’ funds. Coinmama accepts credit and debit card payments (Visa, MasterCard). Such services usually charge high commission fees. 

FoundedBasedAvailabilityFees
2013Israel 
over 200 including Canada and the USA (restricted several states)
5.9% (included in the end price)

Sell BTC via Crypto Exchanges

Coinbase

coinbase

Coinbase is one of the most trustable exchanges out there. Allowing you to buy and sell BTC for USD and with a bank card, Coinbase also provides advanced trading features and a wide choice of traded assets. First-time traders will not meet any problems with signing up a new account or managing crypto assets as the exchange has a pretty native UX/UI. 

The exchange platform is regulated and licensed. Therefore, in case you have any issues with deposits or withdrawals, be sure it will be resolved. However, Coinbase has high fees: 3.99% per transaction will be charged if you deposit assets via a credit or a debit card. 

FoundedBasedAvailabilityFees
2012San Francisco, California, USA103 countries including the USA, the UK, etc.
1.49% (to sell BTC for USD)

Kraken

Being founded in 2011, Kraken stands among the oldest crypto exchanges on the market. The platform provides various trading instruments and features for trading to be smooth and secure. The exchange offers 5 fiat currencies USD, EUR, CAD, GBP, and JPY. The process of BTC selling is similar to other exchanges.

  • Create an account
  • Deposit BTC
  • Select a trading pair BTC/USD and set an order
  • Wait for the transaction to be executed

In case you have any issues or questions, Kraken provides solid customer support and a comprehensive FAQ. 

FoundedBasedAvailabilityFees
2011San Francisco, California, USA Worldwide (restricted in Afganistan, Cuba, Iran, Iraq, Japan, North Korea, and Tajikistan). 
Fees vary

HitBTC

hitbtc

HitBTC is considered to be one of the best platforms to buy and sell BTC. The exchange has been on the market for almost a decade, thus having great expertise in cryptocurrency trading. HitBTC offers a wide range of trading pairs (over 800) along with multiple advanced trading instruments and features. The crypto exchange claims to be ‘The most advanced Bitcoin exchange’, while coinmarketcap ranks HitBTC as #1 exchange in terms of liquidity. 

The UX and UI are native, so there will be no problems to sell or buy cryptocurrency. HitBTC rewards users for high-volume trading via its Trading Fee Tier system. Providing 2-factor authentication, whitelists, cold storage, and so on, the exchange is quite solid in terms of security.

FoundedBasedAvailabilityFees
2013Hong KongWorldwide (not available in Afghanistan, Democratic Republic of the Congo, Cuba, Iran, the USA, etc.) 
0.01% per any transaction

Binance 

binance

Despite being a relatively new crypto player (founded in 2017), Binance has rapidly conquered the hearts and minds of almost 23 million users around the globe. Binance provides a broad choice of features and tools for cryptocurrency trading and a native UX/UI that suits professionals and novices alike. Binance partnered with (read – purchased) Trust Wallet two years ago, so now traders can safely store their funds in the wallet. 

Last year, the exchange launched a decentralized exchange platform, BinanceDEX, running on its own Binance Chain Blockchain. The crypto exchange tries to enhance the crypto industry by providing an educational platform, Binance Academy, and a BinanceLab that helps blockchain and crypto entrepreneurs.

FoundedBasedAvailabilityFees
2017Hong Kong, MaltaWorldwide (restricted in some US states, China, Iran, etc.)
0.1%

Sell Bitcoin (BTC) in ATMs 

There are two types of BTC machines that allow users to sell or to buy BTC. These are ATMs (Automated Teller Machine) and cash kiosks. All you need is your credit or debit card, and in case you are willing to sell BTC, some Bitcoins. Both machines are connected to the internet and look like conventional ATMs. One of the core advantages of BTC ATMs is that you sell BTC and instantly get cash. 

Some BTC ATMs connect you directly to a crypto exchange. Be prepared for the fact that some ATMs might require an ID or phone number to identify you. Please note that to process any transaction some BTC ATMs require you to have an account on a crypto exchange.

Check a BTC ATM nearby via Coin ATM Radar and Localcoin services.

BTC ATMs and BTC kiosks are a convenient way to sell Bitcoin. However, they usually charge high commission fees up to 18% per transaction and are not available in most countries.   

Sell Bitcoin (BTC) for PayPal

Today, you can promptly sell your BTC and receive funds back via PayPal. As mentioned above, such a P2P platform as LocalBitcoins, Paxful and a crypto giant exchange, Coinbase, allow you to sell BTC with PayPal and consequently withdraw fiat money. Just check whether PayPal withdrawals are available in your country. Please note that Coinbase charges a 3.75% commission fee for selling BTC with PayPal. However, there are other options, though.

CEX.IO

cex.io_

A multifunctional cryptocurrency exchange CEX.IO offers a broad range of payment methods for both deposits and withdrawals. The platform was founded in 2013 and was a pioneer to provide cloud mining to the industry.  

Having a pretty neat and user-friendly UX/UI, selling BTC with PayPal via CEX.IO is not that challenging. 

  • Create an account on CEX.IO
  • Deposit your BTC
  • Link your bank card connected to PayPal
  • Sell your BTC and withdraw funds     

The CEX.IO platform accepts both Visa and MasterCard (in any currency) as well as PayPal Debit Mastercard and PayPal Extras MasterCards. 

FoundedBasedAvailabilityFees
2013LondonWorldwide (except 39 countries including Algeria, Central African Republic, Iran, etc.)
Visa and MasterCard withdrawals – 3.80%

Exchange Bitcoin Instantly via Changelly

Instant crypto exchanges are available on Changelly – the platform that allows you to buy BTC or any other cryptocurrency for fiat USD, EUR, GBP or with your bank card. 

Bottom Line 

As we can see that there are multiple ways to sell BTC. While Bitcoin is being the first huge sensation in the cryptocurrency world, today it can be bought and sold even via ATM, PayPal, and other ordinary and extraordinary payment options. Whether you are new to cryptocurrency or an experienced trader, the crypto market is full of suitable BTC selling offers for anyone. 


About Changelly

Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2015, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.


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