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Yes, you can get more money if you set higher prices, but chances are lower that someone would actually purchase Bitcoins for higher prices. You need to keep in mind that you are competing with other sellers as well and that is why you need to make a compelling offer.
The selling strategies usually depend on the type of platform you are currently selling on, as well as, the costs and fees that may be included. According to experts, you will get the best prices by selling peer-to-peer, however, this isn’t always the most recommended options. Why?
Well, because there might be no potential buyers around, you might want to sell more Bitcoins than anyone wants to purchase, and it might be too much complicated for you, especially if you are a beginner.
Cryptocurrencies exchanges can be a great way to sell or trade any amount of Bitcoin at a reasonable price, not just for Bitcoin, bit for almost any type of cryptocurrency or fiat.
We would like to present to you 3 selling strategies:
- Broker selling strategies - Selling to brokers is one way to sell your crypto coins, it is a convenient strategy but will usually net you below the market value and rates. There is nothing complicated, but comparing the benefits and prices offered by various brokers so you can determine which one suits you the most.
- Peer-to-peer strategies - This is just another strategy you could use when selling your Bitcoins. You need to use the current market rates and prices as a baseline, determine your prices and calculate what can you offer. For example, you can charge premium prices for cash, if you are the only seller in your area. We suggest you gather as much information as possible, so you can come up with the best tactic that will bring you more money. It is really important to keep in mind that peer-to-peer trading websites usually give the seller a reputation score to feature those who have managed to accomplish good trades. This is great, as you can expect more option as your popularity and reputation on the website grows.
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