Wednesday, July 16, 2014

Introducing quick sell: Sell your bitcoins faster and safer

LocalBitcoins has released a faster and safer way to sell your Bitcoins: Quick sell. The new feature is especially helpful when paying bills with Bitcoin.

 Quick sell is visible in your dashboard after logging in.

 

How quick sell works

 

Start by selecting payment method, currency and country (if required). Next, choose the amount you wish to sell. At this point, Quick sell shows the estimate how many Bitcoins would be needed for the transaction. Finally fill in the required details and click “Send trade request”.

Quick sell goes through all matching LocalBitcoins bitcoin buy advertisements from reputable traders. It chooses the advertisement with the best exchange rate and then makes a trade request .

The bitcoin buyer pays the transaction with the payment details you provided. If you have bills you can directly give the bill payment details in the quick sell form. (This works very well with national bank transfers, but may not be available in every country yet.)

Please note that some advertisements require SMS verification and other verifications - enable them to get access to advertisements with better prices.

Paying a 100 € phone bill.

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