Overall, high-volume exchanges where you may buy and sell bitcoin include Binance, Coinbase, Huobi, FTX, and Kraken. The amount of money or digital assets traded on the exchange at any particular time is referred to as volume. High traffic means you’re more likely to be able to finish your deal at any given time.
It is also worth noting that, depending on the size of your order and the amount you desire to withdraw, you may be needed to submit to some type of identity verification. KYC procedures are now required for many crypto exchanges, just as they are for regular financial institutions. As a result, you may be asked to provide information such as a valid identification card, utility bills with your home address, or your Social Security number to verify your identity.
Aside from cryptocurrency exchanges and bitcoin ATMs, another option is to use peer-to-peer markets. The transaction takes place directly between you and the buyer in this situation. Platforms such as LocalBitcoins, Paxful, and BitQuick let you to register as a seller.
Although each platform handles payments slightly differently, the overall method is the same. You must first register as a seller on one of these platforms before placing your sell order. When someone expresses interest in your offer, you will be alerted. Some platforms, like as Localbitcoins, have an escrow service to ensure that transactions go successfully. Depending on your preferred method, you can receive payment for your bitcoin by Moneygram, cash in the mail, gift cards, bank deposits, or even cash in person. If you opt to conduct in-person transactions, make sure you do so in a public place and are aware of the big hazards associated.