After you have arranged everything, bought a few coins, and waited for the market to rise, the first issue is figuring out how to sell your bitcoin. There are several ways to sell bitcoin, each of which has benefits and drawbacks, so before continuing, you need to know which technique is best for you.

Coin-operated ATM

Using cash will keep eyes away even though a fair transaction is acceptable. While it goes without saying that you cannot quickly take cash from your computer, there are devices known as bitcoin ATMs that allow you to do so. You can use these devices to withdraw money to a conventional ATM by entering your bitcoin wallet address. It is not impossible to trace, but it is far more challenging than a bank transfer. 

You can also buy bitcoin using some ATMs. Hence, if there is one nearby, you can make it harder for someone to find what you’re buying. Yet, you are dependent on there being one nearby. Many people find it difficult to use bitcoin ATMs since you can’t always rely on finding one close by if you move, and your transactions will be far behind the quick swings of the market.

Online P2P trading

Instead of performing the work for you, peer-to-peer (P2P) exchanges let you set your own price and help find a buyer prepared to pay it. The two parties then agree on the method of payment. Direct trades are completed through a separate bank transfer, despite the fact that they can occasionally be completed online. You can sell bitcoin using P2P trading without being restricted by exchange rules. It indicates that as long as both parties are on board and you’re in a P2P marketplace without payment method restrictions, you can send gift cards for popular online merchants, exchange cash in person, or even ship expensive art if that’s what you want.

Exchanges

An exchange is the place to sell bitcoin. Sales happen almost immediately, there are minimal odds that something will go horrifically wrong, and you probably already have an exchange account that you used to buy the coins in the first place. Not everyone finds exchanges to be perfect, though. Due to the cost of maintaining the service, it is not always the cheap choice. The notion that you will be restricted to using just payment methods and that the transaction is unpopular among many bitcoin users. It will be governed by a centralised organisation.

People to People

Of course, if you want to stop anyone from tracking you, you should trade in person. When you offer them money, they send you bitcoin via the internet or give you access to their coin wallet. If the other side keeps it a secret, it gets harder to obtain information from once completed than even bitcoin ATMs. The capacity to keep something secret from others would be compromised if you were to obtain an escrow, doing so is actually not an option. It makes using bitcoin for physical transactions far riskier than using it for online exchanges, so if you decide to do so, proceed with extreme caution.