KNOWbuy&sell
It’s very easy to buy and sell Bitcoins. At first, it can seem complicated or a little intimidating but it’s quit simple. Bitcoin can be bought and sold by three different types of services.
Buy and sell with individuals directly services
Bank type services
Bitcoin exchanges
Before buying Bitcoin understand these important precautionary factors:
Bitcoin volatility
The price of a Bitcoin can unpredictably increase or decrease over a short period of time due to its young economy, novel nature, and sometimes illiquid markets. Consequently, keeping your savings with Bitcoin is not recommended at this point. Bitcoin should be seen like a high risk asset, and you should never store money that you cannot afford to lose with Bitcoin. If you receive payments with Bitcoin, many service providers can convert them to your local currency.
Bitcoin payments are irreversible
Any transaction you issue with Bitcoin cannot be reversed, it can only be refunded by the person receiving the funds. That means you should take care to do business with people or organizations you know and trust. But don’t worry, Bitcoin can detect typos and usually won’t let you send money to an invalid address.
Bitcoin is still experimental
Bitcoin is an experimental new currency that is in active development. Although it becomes less experimental as usage grows, you should keep in mind that Bitcoin is a new invention that is exploring ideas that have never been attempted before. As such, its future cannot be predicted by anyone.
With that said, here are the services you can use to buy or sell Bitcoin. Also, for a comprehensive list to where you can buy and sell bitcoin visit howtobuycryptocoins.info
Buy Bitcoin securely with Coinbase
Buy & Sell Bitcoins
example localbitcoins.com
Buy and sell with individuals directly service – This service connects you with individuals in your geographical area. Individuals can post ads for buying and selling Bitcoin. Generally, you’ll pay a premium on Bitcoins. (spot price + 5% to 8% on average)
example coinbase.com
Bank type service – allows you to connect your bank account to buy and sell Bitcoins. If you buy Bitcoin, it will withdraw the corresponding dollars. If you sell Bitcoin it will deposit the corresponding dollars. There are minimal fees involved in this service. A 1% flat fee and a .15 cent bank fee.
example bitstamp.com
Bitcoin exchange service – is a platform where you can buy and sell Bitcoins in real-time from other users. Your buy or sell orders are matched against a parameterized database of other orders. If a perfect match is found, a Bitcoin-to-USD trade is executed instantly.
Buy and sell bitcoins directly with individuals
Buy and sell with individuals directly service – This service connects you with individuals in your geographical area. Individuals can post ads for buying and selling bitcoin. Generally, you’ll pay a premium on bitcoins. (spot price + 5% -8% on average)
Sign up to post an ad to buy or sell bitcoin
Escrow service for security
helps connect Bitcoin buyers and sellers, directly to their own bank accounts.
» Buy Bitcoins instantly with cash deposit or SEPA transfer from sellers with bitcoin already in escrow for a low 2% fee
» Sell Bitcoins for cash deposited directly into your bank account for 0% fee
» Customize your sell order price, allow incremental filling of your order and specify minimum order amount (no enforced minimum!)
» Know you’re safe with an SSL Certified Domain, daily server backups, encrypted modification PINs and offline storage of private keys
A large database of bitcoin buyers and sellers. Type in your address or city to find a bitcoin trader in your area. Once you find a trader, you can organize a possible transaction.
Contact traders via phone or email
Sign up to be trader
View a comprehensive map of traders in your area.
Bitcoin exchanges
There are bitcoin exchanges across the world. These are the most popular.
Bitstamp.com an exchange based in Slovenia, where users can trade between Bitcoins and US Dollars
btc-e.com provides an online tool that allows users to freely trade Bitcoins for a number of different currencies worldwide. Based in Czech Republic.
CampBX.com is a robust, easy, and trusted platform to buy and sell Bitcoins for US Dollars. Based in the United States.