Bitcoin is still the most popular and widely traded cryptocurrency globally. It also is the leading cryptocurrency in terms of market capitalization and value. Although Bitcoin prices have seen a slight slump recently, many people are still seeking to trade Bitcoin as it is anticipated that the price is going to shoot up again in the future.
Crypto enthusiasts all follow Bitcoin but only experienced traders know how you can safely buy bitcoins and what the best place to sell bitcoins instantly is. Bitcoin prices are very volatile and prices can go up or down in a short time. This is the reason why, as a Bitcoin trader, you need to know places you can buy and sell Bitcoin instantly.
There are several methods you can use to sell bitcoins instantly but you should exercise reasonable caution when doing so lest you risk losing your investment. The most popular method is using a crypto exchange; however, there are several other methods you can use as we are going to see in this post. So, what is the best place to sell Bitcoin instantly?
Crypto exchanges
Cryptocurrency exchanges account for a great percentage of the volume of daily crypto transactions. This is because they offer a quick and simple way in which you can buy and sell bitcoins instantly. The top crypto exchanges such as Nakitcoins allow you to convert your bitcoins into fiat currency and receive funds to your bank account in no time.
There are several crypto exchanges you can use but most of them differ in terms of the fees and charges, speed of transactions, and the number of cryptocurrencies you can trade on the exchange. Nakitcoins fits the profile if you are looking for an exchange that is cheap, quick when processing transactions, and has a wide number of cryptocurrencies you can trade in.
Bitcoin ATMs
Bitcoin ATMs work in a similar way to that of the regular bank ATMs, only you trade your bitcoins for cash. You can use Bitcoin ATMs to access your bitcoin wallet, a crypto exchange, and be able to instantly convert your bitcoins for cash. Bitcoin ATMs also present a safer way to sell your bitcoins instantly without the risk of losing them.
It is important to note that some Bitcoin ATMs only enable you to buy bitcoins and you cannot sell through them. Unfortunately, if you want to convert a large number of bitcoins, you might want to consider other options such as crypto exchanges as most Bitcoin ATMs have a set limit on the amount you can withdraw.
Peer to peer exchanges
If you are wondering what is the best way you can sell Bitcoin instantly, you might want to consider peer-to-peer exchanges. These are platforms that connect buyers and sellers globally and when you meet a buyer that fits your profile, you can sell Bitcoin instantly. LocalBitcoins is one of the widely used peer-to-peer platforms to sell bitcoins.
To protect buyers and sellers from fraudsters, peer-to-peer networks utilize third-party services such as escrow until such time that payment has been confirmed to have been sent. Unfortunately, sometimes this is not as quick compared to using a crypto exchange.
Conclusion
There are numerous options you can use to safely and instantly sell your bitcoins. When it comes to knowing what is the best place to sell Bitcoin instantly, crypto exchanges often stand out. Be careful when choosing an exchange and opt for well-established and reputable platforms like Nakitcoins.
