How and Where to Buy and Sell Bitcoins?

How and Where to Buy and Sell Bitcoins? Wondering how to invest your money in Bitcoin? Not to worry this article will clearly guide you through steps involving How to Buy and Sell Bitcoins. And which is the right place to do it? It is not a tough task to buy or sell bitcoins but it is difficult to find out the right place as there are more chances of your money being gambled.

Bitcoin Wallet

Bitcoin Wallet is a secure place where you can store your Bitcoins. The Bitcoin Wallets will provide you different levels of security. There are three types of Bitcoin wallets are available:

  • A software wallet stored on the hard drive of your computer.
  • An online or web-based service.
  • A vault service that keeps your bitcoins protected offline.
Buy and Sell Bitcoins

Bitcoin Wallet

How to Buy Bitcoins?

Buying bitcoins is not an easy process. The good thing is that the number of options to purchase Bitcoin is kept increasing, and it is getting easier all the time. You can buy Bitcoins on the exchange, or you can buy them directly from other peoples through the Bitcoin marketplaces. You can pay them in several ways, vary from hard cash to credit card and debit cards, or even with other cryptocurrencies. It is not easy to buy Bitcoins with your credit card or PayPal as the transactions can easily be dropped with a phone call to the card company.

There are several online exchanges are available to buy Bitcoins. Some of them are full-blown exchanges for institutional traders, while others are simple wallet services with the limited abilities to buy and sell Bitcoins. Exchanges and wallets are the best options if you want to engage in regular trading and speculation. You don’t need any anonymity, and you don’t have to worry about lengthy bureaucratic setup procedures.

Buy and Sell Bitcoins

How to Buy Bitcoins?

The easiest option to buy bitcoin is by making a face-to-face trade with the local seller when you don’t want bank hassles. LocalBitcoins is the main site where those transactions will be arranged, and the prices will be negotiated. It also provides an escrow service as an added layer of protection for both buyers and sellers. It is always safe to meet in a busy public place, and you have yo take precautions when you are walking around with a large amount of cash. It is crucial to have access to your Bitcoin Wallet when you are meeting somewhere. Whether it is a tablet, laptop or Mobile phone, you will need an Internet access to confirm the transaction.

How to Sell Bitcoins?

Selling bitcoin isn’t quite as simple as buying bitcoin. There are three ways to sell bitcoins. While deciding how to sell your bitcoin, you first need to think which method suits your situation: either selling bitcoin in online or selling Bitcoin in person.

Buy and Sell Bitcoins

How to Sell Bitcoins?

Direct trades: In this method, you have to register on the website. After registering, you can post an offer by signalling that you want to sell and the website will alert you the when the buyer wants to trade with you. From there, your interaction will be personal with the buyer, but you use the website to complete your trade.

Exchange Trade: The other way to sell Bitcoin is by Online Exchange. In this method, you have to register with an online exchange, and you have to verify your identity. Exchanges act as an intermediary who takes care of everyone’s funds. After verifying your identity, you have to place a “Sell Order” with the volume (amount)  and the type of currency you wish to sell. If someone places a matching buy order, the exchanges will complete the transaction. Then, the payment will be credited to your account.

Peer-to-peer trading marketplaces: In this method, the marketplace as an intermediary which offers the platform, Bitcoin wallet and the escrow for users. This process involves two sets of people with particular and complementary needs. The first set includes the individuals who want to buy goods from sites. The second set includes people who like buy bitcoin with the credit card or debit card. The marketplace brings together those individuals with comparable requirements to effectively sell bitcoin to one group and give discounted goods for the other group.

Where to Buy and Sell Bitcoins?

There are several online exchanges are available to buy and sell bitcoins. Some of the top online exchanges are listed below

Coinbase: It is one of the most popular wallet in the world and is the simple way to buy and sell bitcoins. You will get $5 bonus while registering on the Coinbase. Click here to Buy or Sell Bitcoins on Coinbase.

Poloniex: It is a US-based digital asset exchange offering maximum security and advanced trading features. Click here to Buy or Sell Bitcoins on Poloniex.

LocalBitcoins: It matches buyers and sellers online and in-person, locally worldwide. Click here to Buy or Sell Bitcoins on LocalBitcoins.

CEX.IO: CEX.IO helps you to buy and sell Bitcoins for USD or EUR with payment cards or via bank transfers easily. Click here to Buy or Sell Bitcoins on CEX.IO.

Kraken: Buy, sell and margin trade Bitcoin (BTC) and Etherum (ETH) in an exchange with EUR, USD, CAD, GBP, and JPY. Click here to Buy or Sell Bitcoins on Kraken.

WeSellCrypto: It brings you the crypto coins easily and securely. Click here to Buy or Sell Bitcoins on WeSellCrypto.

Bitfinex: It is the world’s biggest and most advanced cryptocurrencies exchange. Click here to Buy or Sell Bitcoins on Bitfinex.

Yobit: Here you can buy and sell Ethereum. Click here to Buy or Sell Bitcoins on Yobit.

BuySomeBitcoins: With BuySomeBitcoins, you buy bitcoins with the debit card, credit card and PayPal instantly without any ID verification. Click here to Buy or Sell Bitcoins on BuySomeBitcoins.

Bitsquare: It is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies. Click here to Buy or Sell Bitcoins on Bitsquare.

Xcoins: With Xcoins get bitcoin with the credit card with the fast approval for new users, instant for repeat clients. Click here to Buy or Sell Bitcoins on Xcoins.

Coin ATM Radar: With Coin ATM Radar, you can find bitcoin or other cryptocurrency ATM places as well as other alternative crypto-cash exchange services with ease. Click here to Buy or Sell Bitcoins on Coin ATM Radar.

GDAX: GDAX offers a secure and easy way to buy and sell digital assets online. Click here to Buy or Sell Bitcoins on GDAX.

Blockchain.info: Blockchain.info provides data on recent transactions, mined blocks in the bitcoin blockchain, and statistics and resources for developers. Click here to Buy or Sell Bitcoins on Blockchain.info.

Bitstamp: Bitstamp is a Bitcoin exchange based in Luxembourg. Click here to Buy or Sell Bitcoins on Bitstamp.

BTCC: BTCC offers bitcoin and litecoin exchanges. Click here to Buy or Sell Bitcoins on BTCC.

ShapeShift: It is leading instant digital asset exchange, supporting dozens of blockchain tokens including Bitcoin, Monero, Ethereum, Dash, Zcash, Dash, Dogecoina and much more. Click here to Buy or Sell Bitcoins on ShapeShift.

Bitcoin.de: It is the Germany’s first and largest marketplace for the Bitcoin. Click here to Buy or Sell Bitcoins on Bitcoin.de.

KCOIN: KCOIN is the trusted bitcoin exchange granting a safe and reputable marketplace to buy and sell bitcoins. Click here to Buy or Sell Bitcoins on KCOIN.

Unocoin: Unocoin is the India’s largest and popular Bitcoin wallet. Click here to Buy or Sell Bitcoins on Unocoin.

CoinsBank: CoinsBank Wallet is the simple way to manage your Bitcoin funds whenever you want. Click here to Buy or Sell Bitcoins on CoinsBank.

BTC-E: BTC-E is a digital currency trading platform and exchange which found in 2011. Click here to Buy or Sell Bitcoins on BTC-E.

Paxful: Paxful helps you to buy, sell, spend and accept bitcoin instantly. Click here to Buy or Sell Bitcoins on Paxful.

Cryptopay: With Cryptopay you can buy bitcoins in the UK and Europe and transfer them anywhere in the world from your bitcoin wallet. Click here to Buy or Sell Bitcoins on Cryptopay.

Coinmama: With Coinmama, you can buy and sell bitcoins with your credit cards. Click here to Buy or Sell Bitcoins on Coinmama.

Bitso: Bitso is a Mexican online exchange that operates a BTC/MXN market. Click here to Buy or Sell Bitcoins on Bitso.

Gemini: It is the first U.S. exchange licensed for bitcoin trading. Click here to Buy or Sell Bitcoins on Gemini.

Bittrex: It is developed to deliver the fastest and most secure Bitcoin trading platform. Click here to Buy or Sell Bitcoins on Bittrex.

Luno: Luno is the safest and easiest Bitcoin wallet to store Bitcoins. Click here to Buy or Sell Bitcoins on Luno.

Vaultoro: It is a web-based eWallet used for sending, receiving, and storing bitcoins. Click here to Buy or Sell Bitcoins on Vaultoro.

BitPay: It is a global bitcoin payment service provider headquartered in Atlanta, Georgia. Click here to Buy or Sell Bitcoins on BitPay.

BitPanda: It is the most trusted service in Europe to buy and sell bitcoins. Click here to Buy or Sell Bitcoins on BitPanda.

bitFlyer: It is the most trade service used in Japan to buy and sell Bitcoins. Click here to Buy or Sell Bitcoins on bitFlyer.

Changelly: It is an instant cryptocurrency exchange with clear interface that offers the best prices for Bitcoin, Ethereum, Litecoin, and other altcoins. Click here to Buy or Sell Bitcoins on Changelly.

BTC Markets: It is a popular online exchange used to buy and sell Ethereum and Bitcoin. Click here to Buy or Sell Bitcoins on BTC Markets.

Coincheck: Coincheck is the leading Bitcoin and cryptocurrency exchange used in Asia. Click here to Buy or Sell Bitcoins on Coincheck.

Bitbargain: It has a broad range of different payment options for UK buyers only. Click here to Buy or Sell Bitcoins on Bitbargain.

Anycoin Direct: With Anycoin Direct, you can easily buy and sell bitcoins with SEPA. Click here to Buy or Sell Bitcoins on Anycoin Direct.

HitBTC: It is a Europe-based cryptocurrency exchange founded in 2013. Click here to Buy or Sell Bitcoins on HitBTC.

Quoine: It will provide the World’s Most Advanced Bitcoin Trading Platform, Global Payments, Money Transfers and Bitcoin Exchange Application at one platform. Click here to Buy or Sell Bitcoins on Quoine.

BitQuick: It claims to be one of the fastest ways to buy and sell bitcoin. Click here to Buy or Sell Bitcoins on BitQuick.

These are the top online exchanges are available to buy and sell Bitcoins. For further queries about How and Where to Buy and Sell Bitcoins, please comment below.

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