Module 6: Buying and Selling Bitcoin
In this module, we will learn how to buy and sell Bitcoin. We will cover the following topics:
- Buying Bitcoin from a Bitcoin exchange
- Selling Bitcoin to a Bitcoin exchange
- Buying Bitcoin from a peer-to-peer exchange
- Selling Bitcoin to a peer-to-peer exchange
Buying Bitcoin from a Bitcoin exchange
A Bitcoin exchange is a website where you can buy and sell Bitcoin. To buy Bitcoin from a Bitcoin exchange, you will need to create an account on the exchange and deposit funds into your account. Once you have funds in your account, you can place a buy order for Bitcoin. The exchange will then find someone who is selling Bitcoin and complete the transaction.
Selling Bitcoin to a Bitcoin exchange
To sell Bitcoin to a Bitcoin exchange, you will need to create an account on the exchange and deposit Bitcoin into your account. Once you have Bitcoin in your account, you can place a sell order for Bitcoin. The exchange will then find someone who is buying Bitcoin and complete the transaction.
Buying Bitcoin from a peer-to-peer exchange
A peer-to-peer exchange is a website where you can buy and sell Bitcoin directly from another person. To buy Bitcoin from a peer-to-peer exchange, you will need to create an account on the exchange and create a listing for Bitcoin. Once you have created a listing, other users will be able to see your listing and contact you to buy Bitcoin from you.
Selling Bitcoin to a peer-to-peer exchange
To sell Bitcoin to a peer-to-peer exchange, you will need to create an account on the exchange and create a listing for Bitcoin. Once you have created a listing, other users will be able to see your listing and contact you to sell Bitcoin to you.
Conclusion
In this module, we learned how to buy and sell Bitcoin. We covered buying Bitcoin from a Bitcoin exchange, selling Bitcoin to a Bitcoin exchange, buying Bitcoin from a peer-to-peer exchange, and selling Bitcoin to a peer-to-peer exchange. We hope that this module has given you the knowledge you need to buy and sell Bitcoin safely and securely.
You can currently buy/sell bitcoin from:
- Bitcoin.org
- Strike
- CashApp
- Coinbase
- Robinhood
- PayPal
Even better, here is a great list of peer-to-peer exchanges
- agoradesk.com
- hodlhodl.com
- peachbitcoin.com
- learn.robosats.com
- bisq.network
What happens if they block the crypto rails?
— Balaji (@balajis) April 1, 2023
Then P2P Bitcoin exchanges may be a backup plan.
- https://t.co/gsgmZqvUir
- https://t.co/3gzVVJfuo3
- https://t.co/liMnVoqNuc
- https://t.co/3F0yNoTLHL
- https://t.co/JyvORNened
Caveats
1) Please note that this is just about… pic.twitter.com/VI9jyxmBVx
Just be careful of scams if selling, bitcoin transactions are not reverseable.
Module 6 Quiz
- What is a Bitcoin exchange?
- How do you buy Bitcoin from a Bitcoin exchange?
- How do you sell Bitcoin to a Bitcoin exchange?
- How do you buy Bitcoin from a peer-to-peer exchange?
- How do you sell Bitcoin to a peer-to-peer exchange?
