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[Fahad IFDx]

Hi, I would like to know where I can sell bitcoins for the highest price?

Please share the best Exchanges or Trading platforms that you know and trust.

Thank you.

 

[SCAMEXPOSER]

Coinbase would have a set sales price for bitcoin if you are selling to them, however i think that if you are able to sell it on a local site in your region you can often bargain for the price of the coin as well.

It is always better to sell to local site if one is going to convert the coins to local currency. I use Local bitcoin peer to peer and Binance.

 

[microunit]

People should know that different exchanges have only a really little margin to buying and selling bitcoin and that is affected by their userbase executing the buying and selling

 

[AudraMiller]

It is always better to sell to local site if one is going to convert the coins to local currency. I use Local bitcoin peer to peer and Binance.

These are good ways to do it, and there is a large volume on binance so it ensures that even if you place the selling price a bit higher than the current price, chances are that the trade will still go through with some patience.

 

[SCAMEXPOSER]

These are good ways to do it, and there is a large volume on binance so it ensures that even if you place the selling price a bit higher than the current price, chances are that the trade will still go through with some patience.

Yeah but when it comes to Binance you need to be careful because there are people that will ask you to release coins before payment confirmation.

 

[microunit]

It is always better to sell to local site if one is going to convert the coins to local currency. I use Local bitcoin peer to peer and Binance.

I think not all countries have local sites that converts to their local currencies and even if there is the coins supported might probably be limited, like in our country we have a wallet exchange just like that but it only support btc, bch, eth, and xrp

 

[Wisdom01]

These are good ways to do it, and there is a large volume on binance so it ensures that even if you place the selling price a bit higher than the current price, chances are that the trade will still go through with some patience.

Are you talking about the limit price you set when you want to buy crypto currency and others ,because most times you need to wait for the price to get executed

 

[AudraMiller]

Are you talking about the limit price you set when you want to buy crypto currency and others ,because most times you need to wait for the price to get executed

Yes that is what i am referring to. When i put in buy orders on exchanges with less traffic, such as yobit, it can take a while to accomplish. However more prominent exchanges such as binance have larger volumes of trade and sell and buy orders are often executed faster.

 

[SCAMEXPOSER]

I think not all countries have local sites that converts to their local currencies and even if there is the coins supported might probably be limited, like in our country we have a wallet exchange just like that but it only support btc, bch, eth, and xrp

I wouldn't know if you have checked if Binance support your country for direct Crypto-fiat transactions or peer to peer transactions since it is almost available in all countries.

 

[Wisdom01]

Yes that is what i am referring to. When i put in buy orders on exchanges with less traffic, such as yobit, it can take a while to accomplish. However more prominent exchanges such as binance have larger volumes of trade and sell and buy orders are often executed faster.

Yes that is what i am referring to. When i put in buy orders on exchanges with less traffic, such as yobit, it can take a while to accomplish. However more prominent exchanges such as binance have larger volumes of trade and sell and buy orders are often executed faster.

Hmm i will still do that and try to place a trade order on yobit to compare how faster is considering it with binance and other platform

 

[microunit]

I wouldn't know if you have checked if Binance support your country for direct Crypto-fiat transactions or peer to peer transactions since it is almost available in all countries.

I kinda checked though, though binance isn't that much used in our country, as the wallet I am talking earlier that can exchange crypto to local has tons of feature, like an all in one crypto wallet exchange

 

[AudraMiller]

I wouldn't know if you have checked if Binance support your country for direct Crypto-fiat transactions or peer to peer transactions since it is almost available in all countries.

This is my understanding as well. I think that the only thing that you have to do in order to be able to use this binance feature is the kyc verification procedure.

 

[SCAMEXPOSER]

This is my understanding as well. I think that the only thing that you have to do in order to be able to use this binance feature is the kyc verification procedure.

Yeah without KYC I am not sure any user can carry out any transactions especially direct Crypto-fiat transactions or peer to peer transactions.

 

[microunit]

This is my understanding as well. I think that the only thing that you have to do in order to be able to use this binance feature is the kyc verification procedure.

most of the time though people starting in crypto can't do KYC like students who just have school IDs so they have difficulties in doing kyc as student school IDs aren't really accepted as proper government ID

 

[SCAMEXPOSER]

most of the time though people starting in crypto can't do KYC like students who just have school IDs so they have difficulties in doing kyc as student school IDs aren't really accepted as proper government ID

Most countries usually have their national ID cards in which students are also eligible to have them so I don't think it should be an issues.

 

[AudraMiller]

most of the time though people starting in crypto can't do KYC like students who just have school IDs so they have difficulties in doing kyc as student school IDs aren't really accepted as proper government ID

This can raise a concern and can make it difficult however there are many crypto sites that do not require you to do kyc verification. For example, I myself have never done kyc verification either.

 

[microunit]

This can raise a concern and can make it difficult however there are many crypto sites that do not require you to do kyc verification. For example, I myself have never done kyc verification either.

Yep, it is quite a tall barrier of entry for students who wants to get into cryptocurrency and earn from it as a bonus income at an early stage

 

[AudraMiller]

Yep, it is quite a tall barrier of entry for students who wants to get into cryptocurrency and earn from it as a bonus income at an early stage

I don't think that this is something that deters many students however as i believe that many peopel that are into cryptocurrency are also of the student age as well, as they are able to earn a few extra dollars here and there with forums such as this one.

 

[microunit]

I don't think that this is something that deters many students however as i believe that many peopel that are into cryptocurrency are also of the student age as well, as they are able to earn a few extra dollars here and there with forums such as this one.

Oh sorry I was talking about the KYC verification stuff as some student can't get money out of bitcoin because they can't convert it to their local currencies because wallets and exchanges which can do that requires KYC

 

[AudraMiller]

Oh sorry I was talking about the KYC verification stuff as some student can't get money out of bitcoin because they can't convert it to their local currencies because wallets and exchanges which can do that requires KYC

Yes this is true. The one work around that i have noticed works very well for those that can't convert it to their fiat currency is to try and convert the coins to a gift card that can be bought with facilities like bitrefill and then use it in their country.

 

[microunit]

Yes this is true. The one work around that i have noticed works very well for those that can't convert it to their fiat currency is to try and convert the coins to a gift card that can be bought with facilities like bitrefill and then use it in their country.

Yep although another problem with that is not many people know they can convert it to gift cards. And usually this method is only workable in specific countries