Selling Bitcoins (with advertisement)

Important Seller Information

Unlike other platforms, BitWallet allows you to post an advertisement to sell your bitcoins without having an active bitcoin balance in your BitWallet account.

How does it work?

  1. Buyer opens a trade on your advertisement.
  2. Seller gets an alert to deposit bitcoins and fund the escrow.
  3. Buyer makes his payment and bitcoins are released.
  1. Register on BitWallet. You get a free and secure online bitcoin wallet.
  2. Selling options:
    • Sell bitcoins online with your online banking or cash deposits.
    • Sell bitcoins with cash and meet the local seller face-to-face.
  3. Go to Post a Trade section.
  4. Fill the form with your location, currency, payment method and price margins you wish to sell and post your ad.
  5. Your bitcoin trade advertisement should now be published.
  6. When a trade is initiated, contact the buyer directly through the trade messaging interface and arrange payment.
  7. Once payment is received, click on "Release Escrow"

Selling Bitcoins (without advertisement)

  1. Register on BitWallet. You get a free and secure online bitcoin wallet.
  2. Selling options:
    • Sell bitcoins online with your online banking or cash deposits.
    • Sell bitcoins with cash and meet the local seller face-to-face.
  3. Go to Sell bitcoins section.
  4. Select from a list of available bitcoin traders available. You can filter by desired payment method and use the quick search function.
  5. From the traders list, choose a trader with good reputation score displayed after username.
  6. Press sell and send a trade request with a message to the trader:
    • For online trades, buyer will provide his payment details once trade is opened.
    • For cash trades, you agree the meeting time and place.
  7. Contact the buyer directly through the trade messaging interface and arrange payment.
  8. Once payment is received, click on "Release Escrow"

Next steps

Tips for the first bitcoin trade

  • If the bitcoin seller is not responding within few hours, cancel the purchase in Dashboard and pick another seller.
  • Prefer cash deposit and bank transfer payments.
  • If you mind your privacy and want to stay anonymous, the cash trade is the way to go.

Security

Worried about the security?

BitWallet protects bitcoin trade process with reputation system, escrow process, and two-factor wallet security.