HOW TO SELL YOUR BITCOIN
Bitcoin is a globally accepted E-currency. Its rate
fluctuates rapidly hence you should wait till the cost hits a high before you
sell for your native currency. The current rate of a bitcoin is always shown on
the Xapo website or app as soon as you log in. to sell your bitcoin, locate a
vendor, strike a bargain, log into xapo, go to your wallet, click on transfer and
transfer the amount of bitcoin you wish to sell to your vendors desired wallet
address. The transfer will be completed within 2hours (or less), then he will
give you the agreed sum (either cash, cheque or transfer) as soon as he
confirms the bitcoin transfer.
There are a number of ways to sell bitcoin for local
currency and they incude;
1.
LOCAL BITCOIN
This is a site that has a directory of all registered
bitcoin vendors in the world. You can easily input your country and location
and indicate whether you want to buy or sell bitcoin. A list will come up
showing bitcoin vendors nearest to you and the rate for which they are buying. You
can scroll down the list to see the best rate. It also shows the vendor’s
rating; that is the number of successful trades he has made.
Note that if there are no vendors around you,
you can then type in your country as the only search parameter and from the
list you can contact a vendor in the state closest to you. To register an
account with local bitcoin, click here
or on the link https://localbitcoins.com/
2.
LOCAL BITCOIN VENDORS
With the advent of global recession and higher
exchange rates, a lot more bitcoin vendors have cropped up in different cities
to help cushion the effect of higher exchange rates. If you have any of such
vendors around you, you can sell your bitcoins to him.
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