Nowadays, virtually all available Bitcoin purchase methods also offer a sales option.
The exception is bitcoin ATMs – some allow you to convert bitcoins into cash, but not all. Coinatmradar will show you Bitcoin ATMs in your area.
The simplest and fastest method is to use the online cryptocurrency service – Tokeneo.cash. The whole operation of selling your bitcoins will be carried out quickly and without unnecessary formalities.
All exchanges allow both sale and purchase.
The choice of the bitcoins for sale will depend on what type of bitcoin owner you are: a small investor, institution owner or trader?
Some platforms, such as GDAX and Gemini, are more targeted at large orders from institutional investors and traders.
Retail customers can sell bitcoins on stock exchanges, such as Binance, Coinbase, Kraken, Bitstamp, Poloniex, etc. Each exchange has a different interface, and some offer related services, such as secure storage. Some require confirmation of identification for all transactions, while others have a more loose approach if small amounts are involved.
(Of course, do not forget to declare the profit that you get from the sale to the competent tax authority!)
If you like, you can exchange bitcoin for other cryptoactivities instead of for cash. Some exchanges, such as ShapeShift, focus on this service, enabling conversion of bitcoins into ether, litecoin, XRP, dash and several others.
Another alternative is direct sales. You can register as a seller on platforms such as LocalBitcoins, BitQuick, Bittylicious and BitBargain and interested parties will contact you if they like your price. Transactions are usually made via deposits or transfers to your bank account, after which you must send the agreed bitcoin amount to the address indicated.
You can also sell directly to friends and family when they set up a bitcoin wallet. Just send the bitcoin, collect the cash or accept the mobile payment and celebrate the transaction with a drink. (Note: it is generally not a good idea to meet strangers in person to exchange bitcoins for cash.