Selling BTC without going through an exchange

23xfi

newbie

Activity: 112

Merit: 0

Quote from: Crytptohack on February 21, 2018, 01:59:50 AM

Quote from: bitperson on February 21, 2018, 01:50:07 AM

Check out https://localbitcoins.com/.

Thanks for the info, have you used this site and bought/sold? Has anyone here?

I have used it several times and must say it has been reliable at all times. The truth, however, is that the experience might vary from country to country but with the escrow system, I doubt if you can ever go wrong. As long as all instructions are followed that is.

mayo2u

member

Activity: 325

Merit: 26

I find all such endeavors to be fraught with risk. If you really need to stay off the grid, for whatever reason, then you would need to do a lot of small sales. If you're trying to avoid taxes then you risk the real chance of theft. It will be a lot easier, a lot safer to go through an exchange. That's why they exist: they're convenient.

ahtsham90

member

Activity: 140

Merit: 12

you can post on social media or you can check www.localbitcoin.com for exchange into your local currency. Or if you just want to make a deal into usdt then convert your btc into usdt and send the amount in usdt to the payee.

hridoyb

sr. member

Activity: 826

Merit: 250

Bitgesell (BGL) Decentralized Cryptocurrency!

Quote from: Crytptohack on February 21, 2018, 01:46:18 AM

Is there a 'best' way to do this? What if I want to sell 2 BTC's for the current price of 10.5K or $21,000 USD's. I do not want to sell them on Coinbase or Gemini.

Do I ask someone from my local BTC meetup? So if there is a buyer, they will bring $21,000 in $100 dollar bills with them in a brown paper bag...? (OK, maybe a backpack)

I think localbitcoin or paxful best for selling bitcoin without exchanger.i have not a much idea about this site but most of the people use this site and there service so make a decision in your self.So first create an account and sell a small amount for know about this than if you think its better and safe you can use this.

Sferium

newbie

Activity: 14

Merit: 3

I sincerely hope you already found your buyer (s), Bitcoin price has been plummeting, you should've sold them last month.

KullAxel

jr. member

Activity: 81

Merit: 2

There is a site called localbitcoin.com you can trade with people in person or you can send to them without going through exchanger by waiting till they send you money through lets say paypal, or money order or so and then you send bitcoin to them but otherwise you can meet in person with them and exchange.

Mc_Moneysack

jr. member

Activity: 154

Merit: 5

Quote from: magnalucus on February 21, 2018, 04:26:21 AM

Check https://localbitcoins.com.

Or trade by Papal.

I bought 1 BTC by papal from a Japanese 2013.

I wouldn’t recommend PayPal since digital assets are not covered by the buyers protection. As a seller this is ofcourse not a concern to you.

The best way would probably be to use some kind of smart contract. The seller could for example list the amount of coins on a decentralised exchange like Etherdelta and you could then select it from the bid section. However, it could happen that someone else will buy from your seller first. Moreover, I don’t know if something like Etherdelta exists for BTC, as it is only for ETH tokens.

Maybe Byteball could be a solution for you, but I have never used it and it would also require the conversion of BTC.

In the end the problem will always be that you still need an exchange to convert to fiat.

aidinx

newbie

Activity: 7

Merit: 0

A good way could be use an exchange site to trade with other currencies. Such as you can trade your BTC with skrill, neteller, paypal, perfect money etc. There are several websites that does such trading. You can try http://bestchange.com, which gives a wide range of options. I have been using this to trade ETH/BTC with paypal/skrill for many months. Some of the exchanges listed here even requires KYC. I feel this is safer than dealing with a stranger!

dexone

copper member

Activity: 28

Merit: 1

Well, if you want to exchange your btc to fiat, localbitcoins could be your best choice. If you just want to avoid the price down, maybe use a major exchange to sell your btc against usdt is a better way

BETnaBET

newbie

Activity: 125

Merit: 0

Yes this is the number one problem now, selling coins without exchanger. Our pay is in our wallet already but it's not ready to trade. Sometimes we wait for a long time but when exchanger open the price if the coin are very low. We cant even have the chance to be a millionaire.Unlike in the past time bitcoin is very high and it's really exciting to have a big income.

exknoxeric

jr. member

Activity: 126

Merit: 1

The Revolution Will Be Decentralized

Quote from: Crytptohack on February 21, 2018, 01:46:18 AM

Is there a 'best' way to do this? What if I want to sell 2 BTC's for the current price of 10.5K or $21,000 USD's. I do not want to sell them on Coinbase or Gemini.

Do I ask someone from my local BTC meetup? So if there is a buyer, they will bring $21,000 in $100 dollar bills with them in a brown paper bag...? (OK, maybe a backpack)

Would you want someone to show up with 210 $100 bills?

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

May I ask why you don't want to sell on Coinbase or Gemini?

They have a much, much lower margin of error compared to any P2P option. Selling face to face for cash carries the risk of being robbed, selling to any individual via bank transfer or cash deposit has the risk of them attempting to reverse it by claiming a hack or mistake.

I certainly wouldn't sell huge amounts via an exchange, but for modest ish amounts that's what I'd choose if I had the option.

Valandily

newbie

Activity: 13

Merit: 0

There might also be local businesses, not random people in localbitcoins. In my city, there's a kiosk where you can securely buy or sell BTC and some other top altcoins for a good price

tbalazs

jr. member

Activity: 126

Merit: 7

you can post on forums, facebook, reddit etc that you want to sell and there might be people who are willing to buy actaully

techit

newbie

Activity: 11

Merit: 0

Take a look through localbitcoins.com
If your lucky you can find someone nearby looking to buy bitcoins.

ferall

sr. member

Activity: 672

Merit: 265

Localbitcoins is ok.

I am going to sell a few later there.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: Crytptohack on February 21, 2018, 02:01:38 AM

Thanks for the info/reply. I was thinking Craigslist was not a good place to find buyers...

Stay away from Craigslist and eBay. The site suggested above (Localbitcoins) is safe as long as you're trading with reputable individuals just like when you're trading here on the currency exchange section, so just make sure you check the trust history.

magnalucus

newbie

Activity: 17

Merit: 0

Check https://localbitcoins.com.

Or trade by Papal.

I bought 1 BTC by papal from a Japanese 2013.

Swinging Phallus

full member

Activity: 266

Merit: 103

Quote from: bitperson on February 21, 2018, 01:50:07 AM

Check out https://localbitcoins.com/.

Yeah, that used to be my go to site before the transaction fees/time. I switched to localethereum.com, It's practically the same thing and i've actually switched some of my clients to using it for trades. I recommend looking into that if you are planning on selling multiples at small amounts.

Crytptohack

member

Activity: 126

Merit: 15

HodL!

Quote from: OmegaStarScream on February 21, 2018, 01:54:53 AM

You could trade with people on the forums using PayPal, Skrill etc. and then simply withdraw to your bank account. If you're going to meet face to face with someone, I suggest doing it in a public place and with smaller amounts (with different individuals) as things could go wrong.

Thanks for the info/reply. I was thinking Craigslist was not a good place to find buyers...

Topic: Selling BTC without going through an exchange (Read 308 times)