Topic: Best place to sell a little bitcoin (Read 714 times)
Localbitcoin can be used to trade small amount without ID verified,so OP still looking to convert bitcoin into fiat then go to localbitcoin and search for the advertisements in your country.I read localbitcoin is changing their verification system from October so act fast to convert your bitcoins.
if you live in indonesia and want to sell it to rupiah, you can sell it on indodax or upbit indonesia .. i recommend upbit indonesia because it has cheaper withdrawal fees
I have been away for awhile and was wondering where the best place to sell some bitcoin would be?
Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.
Is CEX.IO a good place to sell?
Thanks
Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.
Is CEX.IO a good place to sell?
Thanks
I think you can do that only if you use decentralized exchange site platform, if you hate submitting kyc.
But as of the moment, there are other exchange asking for KYC it is still fine as long you choose the best top exchange
listed at the coinmarketcap(CMC) and one of this are Binance, Okex, Houbi, Coinbene, Digifinex and others.
Of the exchanges listed above, I did not use only this Digifinex. Judging by your words, can trust this exchange? In general, people respond well to this platform https://revain.org/exchanges/digifinex and there are no pronounced negative opinions. It would be useful for me to know the opinion of forum members, like you. Many thanks.
The best thing you should do is go to coinmarketcap and check the best exchanges you could find to trade your bitcoins. There are a lot exchange websites there that you could choose from and are legit too. Some do have small fees, so better compare them to other exchanges to be sure.
Some exchanges have got very small volume, but those have listed few cryptocurrencies that weren't available for trading in any of the other exchanges. By this instance we don't have any other choice than using the respective low trade volume exchange. Very few low volume exchanges gain trust slowly and provides good trade support.
it's better to avoid exchanges that have very small volumes and don't have clear liquidity.
alot of exchange are like that but majority are not fake or scam .
if you only got a bitcoin , why will you trade on them where bitcoin is always tradable on almost every exchanges including the best ones or the ones that has a higher volume but if you mainly have altcoins , you can find yourself trading on less known exchanges as your coins are rarely being listed on the reputable one's
it's better to avoid exchanges that have very small volumes and don't have clear liquidity. Most of the risk later is that funds will be very difficult to withdraw. I guess there are still other exchanges that still don't need ID Card/Passport, they only need to put your 2FA on your account. Okex or Cointiger maybe.
I'm trading on CEX.IO, and I'm quite satisfied with this service. However, mind that it has quite an extensive verification process. But it only proves that this exchange really cares about the safety of clients and their personal information. Moreover, they keep on improving their service and the platform itself. And a few months ago they announced the launching of CEX.Broker, https://cexbro.com/, which allows trading with 10x leverage on BTC, ETH, and LTC.IMHO, that's a sign that a platform doesn't stay still.
I have been away for awhile and was wondering where the best place to sell some bitcoin would be?
Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.
Is CEX.IO a good place to sell?
Thanks
You can sell on binance or large exchanges, don't try small or un reputable exchanges, you will regret it. Because there are some fraudulent exchanges still operating like Yobit, they are always hunting for new people to usurp assets. Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.
Is CEX.IO a good place to sell?
Thanks
KYC is not necessary in this market because crypto is known as an anonymous market, so KYC can greatly affect their information. Currently, large exchanges do not force KYC customers and this has attracted the attention of many people. Personally, I never intended to KYC because this fact is a waste of my time and providing information can greatly affect your life.
Registering for KYC is just a onetime thing and once it has been done, that is all, exchanges would not have imposed KYC if it was not necessary to protect themselves, protect traders and at the same time comply with the rule of government. Do you really believe that government cannot scarp cryptocurrency, they can if the wanted to, every country’s leader will only instruct that it should be made illegal and once they say this, many of their citizens will withdraw including some that are already in crypto usage, the few left are people like us that feels their pronouncement would not have effect, until we start seeing that the volume on some of these exchanges are gradually dying down, till we too start forgetting it, but now that they are still interested, I don’t think we should make this KYC issue look like it is from pit of hell.
KYC is not necessary in this market because crypto is known as an anonymous market, so KYC can greatly affect their information. Currently, large exchanges do not force KYC customers and this has attracted the attention of many people. Personally, I never intended to KYC because this fact is a waste of my time and providing information can greatly affect your life.
Registering for KYC is just a onetime thing and once it has been done, that is all, exchanges would not have imposed KYC if it was not necessary to protect themselves, protect traders and at the same time comply with the rule of government. Do you really believe that government cannot scarp cryptocurrency, they can if the wanted to, every country’s leader will only instruct that it should be made illegal and once they say this, many of their citizens will withdraw including some that are already in crypto usage, the few left are people like us that feels their pronouncement would not have effect, until we start seeing that the volume on some of these exchanges are gradually dying down, till we too start forgetting it, but now that they are still interested, I don’t think we should make this KYC issue look like it is from pit of hell.
You can find a BTC ATM in your local area. They don't ask for ID with small amount:
https://coinatmradar.com/
https://coinatmradar.com/
There are exchanges in many places or with other countries that can conduct bitcoin transactions. Now, except for bitcoin, litecoin and some old currencies, ifc, there are trading platforms, but some methods are required to log in.
You should look for some merchants in your country through social media networks. They can accept payments through regional banks to pay for the Bitcoin you sell. Or search for some Crypto buying and selling websites to make your Bitcoin sale, in my country, there are some Crypto buying and selling sites, and that is very easy.
AFAIK,its not advisable though since chance of scam is high when we doing personal trades so going with localbitcoin or other p2p sites can be good choice.And also accept the bank transfers over other high risky payments for your bitcoins this might give you less offer but no chance for you get scammed. 
This should not be an issue at all as there are many better exchange where tou can sell your small amount of Btc without them requesting for your KYC information, they only request for your documents when your withdraw is above a certain tier amount
You should look for some merchants in your country through social media networks. They can accept payments through regional banks to pay for the Bitcoin you sell. Or search for some Crypto buying and selling websites to make your Bitcoin sale, in my country, there are some Crypto buying and selling sites, and that is very easy.
I don't know the exact amount of bitcoin that you want to sell but if it is not really that high, I would recommend mercatox exchange for you. This trading platform is really cool to use and it does not impose KYC verification on users although there are strong security features which is optional for users to choose from.
Those who do not want to do KYC want to be anonymous especially if they are dealing with small amount of money only.
I don't think people who don't want to do KYC is because they are transacting small money or not. Maybe the people who are dealing with large money are those you could say such for.
But basically, it is just the fact that there shouldn't be need for it since it is an anonymous system and again it waste time for verification.
Those who do not want to do KYC want to be anonymous especially if they are dealing with small amount of money only.
I don't think people who don't want to do KYC is because they are transacting small money or not. Maybe the people who are dealing with large money are those you could say such for.
But basically, it is just the fact that there shouldn't be need for it since it is an anonymous system and again it waste time for verification.
I have been away for awhile and was wondering where the best place to sell some bitcoin would be?
Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.
Is CEX.IO a good place to sell?
Thanks
I’ve heard about this exchange for the first time, i personally use a rally called WhiteBit, though she is also young, but i traded there without problems Was selling some on coinbase but now they want a copy of my ID and I don't feel comfortable with that.
Is CEX.IO a good place to sell?
Thanks
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