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How To Sell Bitcoin For Cash

How To Sell Bitcoin For Cash

Bitcoin was developed by an anonymous programmer that went by the fictitious name Satoshi Nakamoto . In the years since its inception, its become the standard for decentralized currency. Many marketplaces are now opening their wallets to accept bitcoin, but theres still a long way to go for widespread use. This is evident in the Bitcoin marketplace. Chances are good youre well aware of how to buy bitcoin. You simply exchange your regular currency for the new cryptocurrency . With this, you can buy a variety of goods and services. But how does one sell bitcoin? Its not as straightforward as buying them, unfortunately. In this post, well break down the steps you need to take in order to sell bitcoin for cold hard cash money. Ready? Because bitcoin operates as a decentralized currency, the economy is scattered, as well. You cant simply walk into a bank and trade your bitcoins for cash. It will require a little effort, as well as patience, on your part. First and foremost, you need bitcoins in order to sell for cash. This is an obvious caveat, sure, but for the uninitiated, lets quickly review how to obtain bitcoins. Bitcoins are easily purchased using online marketplaces such as Coinbase . With sites such as this, you can buy your bitcoin and add them directly to your online bitcoin wallet. However, if you want to take it step further, try mining your own bitcoins. Bitcoin mining utilizes a computer program that works to solve specific math problems. Once the problem is solved by the program, the user is awarded a fraction of a bitcoin. Its not always fruitful, but it is a good way to obtain bitcoins without paying for them. Click the following link to learn more . But if you prefer to be out in the real world, there are even some bitcoin ATMs available for both buying an Continue reading >>

Bitcoin And The Real Estate Lawyer

Bitcoin And The Real Estate Lawyer

Follow New York Law Journal Copyright 2018 ALM Media Properties, LLC. All Rights Reserved. Elizabeth Jaikaran looks at the counseling issues at play when cryptocurrency is used to fund real estate transactions, and discusses the first wholly Bitcoin-funded real estate transaction, which closed in September of this year. By Elizabeth Jaikaran |UPDATEDDec 19, 2017 at 06:17 PM Your article was successfully shared with the contacts you provided. Though still conceptually mysterious to many U.S. consumers, Bitcoin (and other forms of cryptocurrency) is becoming increasingly prevalent in everyday transactions. Accordingly, cryptocurrency is projected to quickly become a mainstream form of paymentincluding in connection with real estate transactions. Bitcoin remains unregulated and unrecognized as an official U.S. currency. Nonetheless, Bitcoin is subject to taxable appreciation once converted to dollars, much like stocks. As a result, real estate lawyers should have a keen understanding of the issues of cryptocurrency functionality when structuring Bitcoin inclusive transactions. The counseling issues that emerge at the intersection of Bitcoin and real estate take on the persona of pedagogy when representing skeptical (or more conservative and thus risk averse) sellers, the resolution of which is necessarily predicated upon understanding precisely what Bitcoin represents and how it works. Most simply, Bitcoin is a form of digital currency involving blockchain technologya digitized and public ledger of all Bitcoin transactions stored in a cloud. Bitcoin can be purchased from bitcoin exchanges , and can be stored in a digital wallet. These wallets are virtual bank accounts containing public and private keys. The public key represents the equivalent of a bank account number and Continue reading >>

Clearing Up The Confusion Over Bitcoin And Other Cryptocurrencies

Clearing Up The Confusion Over Bitcoin And Other Cryptocurrencies

Clearing Up the Confusion Over Bitcoin and Other Cryptocurrencies While there is a steady rise in awareness and interest in Bitcoin and other cryptocurrencies, there is still a lot of misinformation regarding this new form of payment, and much of the confusion is coming from some very influential individuals. By Jesse Fulton |UPDATEDDec 08, 2017 at 10:26 AM Your article was successfully shared with the contacts you provided. Jesse Fulton of Krupnick Campbell Malone Buser Slama Hancock Liberman. While there is a steady rise in awareness and interest in Bitcoin and other cryptocurrencies, there is still a lot of misinformation regarding this new form of payment, and much of the confusion is coming from some very influential individuals. Every day, another government official, world leader, or Wall Street banking executive weighs in or opines on the validity and credibility of Bitcoin and other cryptocurrencies. With views spanning the entire spectrum, it is difficult to form an educated opinion as to what the future holds for this novel and nascent technology. However, some of the individuals who have publicly stated opposition to cryptocurrencies, and have therefore used their status and platform to discredit and vilify it, possess little to zero understanding of the technology and its potential impact. Recently, Saudi billionaire investor Prince Alwaleed bin Talal decided to join the fray and voice his opinion on the phenomenon that is Bitcoin: It just doesnt make sense. This thing is not regulated, its not under control, its not under the supervision of any central bank. These comments follow in the wake of JP Morgan Chase CEO Jamie Dimons continued crusade against Bitcoin, which he has called a fraud that will eventually blow up. To understand why these prominent fig Continue reading >>

Gumtree South Africa Reports Significant Increase In Luxury Items Listed In Exchange For Bitcoins

Gumtree South Africa Reports Significant Increase In Luxury Items Listed In Exchange For Bitcoins

Classified Ads Site in South Africa Reports Increase in High-Ticket Bitcoin Listings Online classifieds and community website, Gumtree South Africa, has reported a significant increase in the number of listings posted specifically asking to trade items for bitcoin. In particular, the website reports a proliferation in the number of listings for luxury vehicles that are asking for bitcoin as payment. Also Read: Markets Update: The Top 68 Cryptos Dive During the January Slump Gumtree South Africa Reports Significant Increase in Luxury Items Listed in Exchange for Bitcoins The head of marketing for Gumtree South Africa, Claire Cobbledick , has attested to the proliferation of listings requesting payment in the form of bitcoin on the peer-to-peer online marketplace. Mrs. Cobbledick told local media that Theres been an increase in swaps and Bitcoin-only sales on Gumtree.co.za. Mrs. Cobbledick stated that the majority of the listings are for highly valuable high-value items like cars, bikes, and boats. She attributes the trend to that the allure of the astonishing gains witnessed by bitcoin in recent months, stating that Many sellers are willing to take a gamble with their assets in hopes of a large payout. Mrs. Cobbledick adds that Bitcoin is a volatile currency, so while you could easily see a 50% increase in your investment, you could just as easily end up with nothing. At present, local media reports that a number of high-end vehicles are listed on the South African gumtree website in exchange for bitcoin, including a Land Rover Defender, BMW X5, and a 1970 Mercury Cougar V8. Mrs. Cobbledick states that There are also sellers accepting Bitcoin in exchange for Krugerrands coins made out of a copper gold-alloy that were introduced in South Africa in 1967 as a vehicle for t Continue reading >>

Investfeed Edge - Cryptocurrency News Powered By Investfeed

Investfeed Edge - Cryptocurrency News Powered By Investfeed

Cryptocurrency Ok Popular Classifieds Craigslist Goes Bitcoin-Friendly Craigslist has come out in support of cryptocurrency by now offering a cryptocurrency ok button on users who wish to post ads for items for sale. Craigslist is known to have users who handle plenty of cryptocurrency transactions through their classifieds listings, whether it be for vehicles, mining rigs, or even cellphones. However, users will now have the option to select a cryptocurrency ok option when creating posts, letting the community know that its accepted for the transaction of their item. Craigslist originally launched in 1995, and is still actively used today. Craigslist spans over 57,000 cities in over 70 countries and facilitates job listings, items for sale, community events and more. Craigslist is one of the most popular websites in the United States with thousands of individuals transacting per day. This move can heavily increase adoption rates, with individuals who mightve not been familiar with it now being presented with it as an option on the site. However, Craigslist isnt the first to help adoption rates by indicating that individuals and local businesses accept it. Back in 2014 , Yelp announced that it would allow individuals to filter out businesses that accepted Bitcoin . It became a business-owner tool to let individuals searching for restaurants know whether or not digital currency was accepted at the establishment. Continue reading >>

How To Sell Stuff For Bitcoin

How To Sell Stuff For Bitcoin

You are at: Home How To Sell Stuff For Bitcoin Got some personal items you want to get rid of? Want to make some quick bitcoins? Then youve found the right guide to doing just that, partner! Selling your stuff online for bitcoins is just like selling your stuff for cash/Paypal/etc. on Craigslist or Ebay. You post an advertisement on a website describing the item(s) youre trying to sell, and potential buyers contact you or place bids. If the items youre selling are downloadable or small enough to be shipped, you never have to reveal your identity or meet the buyer in person. If youre selling a larger item (car, real estate, etc.), youll probably have to schedule an appointment to meet the buyer and finalize the deal. Should the buyer send the bitcoins first? Or should the seller ship the item first? As a seller, you get to make your own terms about the sale. You can require that the buyer send the bitcoins first. However, I would not recommend doing this unless you have an established reputation as an honest seller. If youre an unknown seller, you wont get any interested buyers. Bitcoin transactions are irreversible, so there isnt any buyer protection available against sellers who dont deliver the goods. Building Your Reputation as a Bitcoin Seller To help build your reputation, stick to advertising on websites that have a built-in feedback system. Do a few deals with already established buyers. You might do a few initial sales where you offer to send the items first, and allow buyers to send the bitcoins once theyve received the items. If youre going to ship your goods first, its best to require that the buyer has an established reputation to reduce your chances of loss. Theres always a chance that the buyer may never send the bitcoins after receiving the goods. The be Continue reading >>

Why Are You Not Selling Stuff On Bitcoin Classifieds?

Why Are You Not Selling Stuff On Bitcoin Classifieds?

Why are you not selling stuff on Bitcoin Classifieds? Bitcoin has the advantage over Amazon and Ebay because you pay almost no fees to send bitcoin. If bitcoin will succeed, it will be in the online used goods market. If we list more stuff, eventually there will be stuff people actually want to buy on the site. People would actually use bitcoins to buy stuff, which would make bitcoin not just a digital speculative game but a real competitive currency Bitcoin has the advantage over Amazon and Ebay because you pay almost no fees to send bitcoin. If bitcoin will succeed, it will be in the online used goods market. If we list more stuff, eventually there will be stuff people actually want to buy on the site. People would actually use bitcoins to buy stuff, which would make bitcoin not just a digital speculative game but a real competitive currency Just created a post under "Collectibles and Art", though I wonder if you might have a more appropriate category or could make one for Precious Metals / Bullion ^^ +1 Plus Bitcoinclassifieds is really slick looking! Because I see no provision for me to sell digital goods and I am not sure how to tell which physical items of mine will sell (e.g 2 120mm silent case fans for media centre like PCs/low noise pc) because I see no way of gauging interest for which things of mine will sell. [This signature is available for rent.BTC/ETH/LTC or 50 equivalent a month] [This signature is available for rent.BTC/ETH/LTC or 50 equivalent a month] [This signature is available for rent.BTC/ETH/LTC or 50 equivalent a month] how do i limit it down to only things in my area? any plans to try to pick up where bitmit left off? we really need a new bitmit and coingig is buggy. Rep Thread: If one can not confer upon another a right which he does not hims Continue reading >>

Hewlett Harbor Homeowner Will Accept Bitcoin For Property

Hewlett Harbor Homeowner Will Accept Bitcoin For Property

Hewlett Harbor homeowner will accept bitcoin for property Seller hopes cryptocurrency will attract foreign buyers, real estate agent says. The waterfront Hewlett Harbor home is listed for $4.495 million. Photo Credit: Nest Seekers International Realty By Michael Gavin [email protected] @MikeGavin7 Bitcoin will be accepted as payment for this $4.495 million Hewlett Harbor home, says the propertys listing agent. The 6,500-square-foot waterfront home is part of the growing trend in the luxury real estate market where sellers are offering buyers the option of using the digital currency. Bitcoin and other so-called cryptocurrencies are systems of digital payment secured by encryption techniques. Bitcoin is not issued by a government or central bank. With bitcoin recently becoming a payment option in real estate, the owner of this six-bedroom, fivebathroom Colonial was open to the concept, says listing agent Zach Elliott of Nest Seekers International. SEE PHOTOS Take a look inside LI's most lavish homes For certain houses that I believe could command or attract a crypto buyer, I bring it up [to the sellers] to see if they are interested in joining the cryptocurrency campaign, says Elliott, who adds that this is his first listing accepting bitcoin. This particular homeowner agreed. He happens to be pretty well-versed in cryptocurrency, and he thought it was a great idea to open up the house to a larger audience, including international buyers. The house, which Elliott says recently underwent a gut renovation, includes a foyer that has a bridal staircase and double-height ceilings with a chandelier. The living room opens to the family room, which boasts floor-to-ceiling windows that look out to the yard and Hewlett Harbor. The kitchen features an onyx center island and Continue reading >>

Corkket.com Takes On Ebay And Craigslist With Local Bitcoin Classifieds

Corkket.com Takes On Ebay And Craigslist With Local Bitcoin Classifieds

Apr 14, 2014 at 11:00 UTC|UpdatedJun 20, 2014 at 15:54 UTC A New York startup wants to take on Craigslist and eBay for local trading, encouraging its buyers and sellers to use bitcoin as much as possible. Corkket.com has chosen to focus on the hyper-local market, its interface directing users towards deals in their own neighborhoods first. It will also provide an escrow service for more trustworthy payments and promises full refunds to buyers who change their minds. To promote its bitcoin-focused approach, the company is launching its beta service with a ' Bitcoin Picnic ' in New York City's Union Square for seven hours on Saturday 26th April. The event promises bitcoin-accepting food trucks and live music, plus a free giveaway of 1-millibit QR code tickets that can be redeemed on Corkket's site. Two of the first 1,000 people to sign up will receive a full 1 BTC prize. Co-founded by Yale graduates Tom Tang, YJ Dang, and Angel Beale, Corkket describes itself as "more local than eBay, more trustworthy than Craigslist" and claims it's the first local online person-to-person marketplace with fully integrated bitcoin payment processing. The system is based on escrow where Corkket holds the funds until both parties are satisfied with the deal. "We believe in making person-to-person local commerce easy, safe, and fast for everyday people," said Beale, adding: "As longtime bitcoin enthusiasts, we know bitcoin is ideally suited as a payment method for privacy and security-conscious users." Each bitcoin transaction has a custom-generated address and upon receiving funds, Corkket emails a QR code to the buyer, who prints it out and exchanges it for the goods being purchased. The seller then scans the QR code and gets paid. As well as protecting sellers from chargebacks or dispute Continue reading >>

Ebay Uk Will Let You Buy And Sell Bitcoin Via Classifieds, New Virtual Currency Category

Ebay Uk Will Let You Buy And Sell Bitcoin Via Classifieds, New Virtual Currency Category

eBay UK will let you buy and sell Bitcoin via Classifieds, new Virtual Currency Category Over the past year, a number of big names have started showing great interest in Bitcoin - Andreessen Horowitz, Richard Branson, Zynga and even Overstock.com. This is the Bitwagon and more shall follow suit. Now eBay UK has a cool development with regards to Buying and Selling of Bitcoins, with its announcement of the addition of a new Virtual Currency category to the classifieds section of its marketplace. Please know that per our recent policy update, Virtual Currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered, cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date. Please be informed that repeated breach of the policy may further jeopardize your account status. To avoid any inconvenience in future, we'd appreciated it if you go through our help pages or contact us before listing any such items, stated eBay. eBay UK will enable users to sell Bitcoins in their classified ads format, but they will not yet be able to sell in the "buy it now" or auction formats. This feature (trading Bitcoin on eBay) is already available in the US and is becoming an increasingly popular method for users to cash out their Bitcoins. To promote a trustworthy marketplace and ensure compliance with applicable regulations, eBay is currently updating its Currency Policy. The updated policy will clarify that listings for Bitcoin and other similar virtual currencies must be listed in the Virtual Currency Category in the Classified Ad format, said Ryan Moore, Manager at eBay. PayPal pres Continue reading >>

Venezuelans Shifting To Bitcoin For Survival, Not Speculation

Venezuelans Shifting To Bitcoin For Survival, Not Speculation

Venezuelans shifting to bitcoin for survival, not speculation With the national currency losing value at a catastrophic rate, trading in the digital currency soars, even among poorer people. By CHRISTINE ARMARIO and FABIOLA SANCHEZAssociated Press CARACAS, Venezuela In the past month, John Villar has bought two plane tickets to Colombia, purchased his wifes medication and paid the employees of his startup business in Venezuela all in bitcoin. As Venezuelas national currency loses value at a catastrophic rate, thousands have begun turning to the world of cryptocurrency to salvage what little value remains from their increasingly worthless bolivars. John Villar, speaking in the office of his startup company in Caracas, Venezuela, says he has used bitcoin to buy plane tickets and his wife's medication, and also to pay his employees. Associated Press/Fernando Llano Search photos available for purchase: Photo Store This is not a matter of politics, Villar said. This is a matter of survival. Both poor Venezuelan retirees and wealthy business leaders are converting their bolivars into bitcoins online and then using the digital currency to pay for everything from doctor appointments and honeymoons to motorcycles and artisanal beer. The transactions are relatively swift for anyone with a smartphone: Websites like LocalBitcoin and Colibit function as exchanges where Venezuelans can buy and sell bitcoins using a local bank account. The shift toward cryptocurrencies in Venezuela is taking place as the price of bitcoin has climbed to a peak of more than $17,000 this month. The digital currency debuted on a major U.S. exchange with its first futures contract Sunday. But while bitcoin is a speculative venture in developed nations, in Venezuela it has become a tool to keep families af Continue reading >>

Virtual Currency | Ebay

Virtual Currency | Ebay

Showing slide {CURRENT_SLIDE} of {TOTAL_SLIDES} - Shop by Currency Japan Satori BTC Bitcoin .001 Funded physical crypto token Certified Anacs MS69! SATORI Pre funded .001 Bitcoin. Don't take a risk of being hacked and buy this highly collectable certified authentic ANACS MS69. This is the highest grade these tokens have received! No returns to to changing values Thanks! Token numbers will vary. DIRECTLY TO YOUR WALLET ???????. after bitcoins are Transferred to my wallet. Sign and Date. Picture of a Note Next to ID Stating the Following READ BEFORE BUYING. 1 2013 mint state authenticated ms67 Lealana litecoin (funded with 1.0 Litecoin). 2 2017 mint state authenticated ms68 Satori. Funded with. 001 Bitcoin.001 Bitcoin. 2 2017 mint state 69 authenticated Satori Funded with. Selling 1 bitcoin for 25 percent off. No refunds once you recieve bitcoin. DO NOT PAY FOR THIS LISTING. Bid on it and contact me so we can determine the price of bitcoin AT THAT TIME. I have hundreds of bitcoin transactions as well as references. This is my first time on ebay so i will be cautious of who i deal with. If you are a serious buyer you will end up with a good investment at a steep discount bc i need money asap lol. Available is a 2014 Microsoul Brass Physical 0.05 Percent Bitcoin Token. FUNDED/LOADED , graded MS63 by ANACS. 1 FULL BITCOIN for $6,000 25percent off sent to your wallet. READ Descripton PLEASE DO NOT BUY THIS LISTING. I am selling 1 bitcoin for 25 percent off the price at time you bid on this ad. For example if bitcoin is selling for 10,000 dollars at the time you bid on this ad i will sell you one btc for $7,500. I Have done 100's of bitcoin transactions on several different sites. This is my first time trying on eBay. I have proof of transactions as well as references if you Continue reading >>

Utrust And Soma Announce Powerful Partnership To Upgrade Classifieds Business Model

Utrust And Soma Announce Powerful Partnership To Upgrade Classifieds Business Model

UTRUST and Soma Announce Powerful Partnership to Upgrade Classifieds Business Model by Bitcoin PR Buzz Feed | Oct 5, 2017 | Bitcoin Press Release , Ultimate Executive | Bitcoin Press Release: UTRUST is pleased to announce a partnership to onboard Soma as the first merchant to utilize UTRUSTs upcoming blockchain payments platform. October 4th 2017 Helsinki, FI Soma , the blockchain startup that facilitates trade in classifieds, and UTRUST , a payment processor solution that enables merchants to accept multiple cryptocurrencies from buyers as payment methods while receiving in fiat money, announced a partnership to upgrade the classifieds business model. Soma is proud to announce a partnership with UTRUST, stated co-founder Joseph al Sharif, UTRUST is a revolutionary payment platform that empowers buyers to pay with cryptocurrencies while providing a groundbreaking purchase protection mechanism. Soma and UTRUST will both benefit by this fruitful partnership and we are excited to begin this collaboration as a long-term union between two innovative concepts. This partnership will create an entirely new breed of C2C business models. In harmony with the decentralized model, consumers will trade their goods on Soma, not through middlemen, brokers and corporations, but through mass engagement and ingenious code. Soma and UTRUST will abolish unfair and incorrect trading fees, thus providing a just proportion of profits among its community. This partnership will usher the era of decentralized social wealth and creating a digital marketplace that will rival with the likes of eBay and Amazon. Soma is an Ethereum blockchain-based social marketplace that leverages social capital through its rewarding system and utilizes blockchain technology to create a decentralized ecosystem that Continue reading >>

Bitcoin Classifieds Site Project. : Bitcoin

Bitcoin Classifieds Site Project. : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Ebay To Allow Bitcoin Sales In 'virtual Currency' Category

Ebay To Allow Bitcoin Sales In 'virtual Currency' Category

eBay to allow Bitcoin sales in 'virtual currency' category After PayPal President David Marcus tweeted "We're believers in BTC," eBay's US and UK branches say they will let people sell digital currencies in the classified ads sections of the sites. PayPal President David Marcus. Stephen Shankland/CNET It seemed like it was only a matter of time before e-commerce giant eBay and its payment platform PayPal addressed the sale and use of Bitcoin on its sites. And, despite concern from government regulators , it appears the company believes in virtual currencies -- so much so, that it will soon start allowing their sale on its US and UK sites. Last week, PayPal President David Marcus tweeted "To clarify: we have no policies against using PayPal to sell Bitcoin mining rigs. We don't support any currency txn whether fiat or BTC... for a host of regulatory issues. But we treat BTC and any FX txn the same way. We're believers in BTC though." Then, a couple of days later, eBay UK sent an e-mail to one of its merchants that was published on Reddit, which said the company plans to open a "Virtual Currency" category for the sale of Bitcoin and other digital currencies on the UK site. Please know that per our recent policy update, Virtual Currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered, cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date. Please be informed that repeated breach of the policy may further jeopardize your account status. To avoid any inconvenience in future, we'd appreciated it if you go through our help pages or contact us before listing Continue reading >>

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