Sell your stuff for Crypto

BitExplorer

How To Sell Your Stuff For Cryptcurrencies!

Got some #personal items you want to get rid of?

How Does It Work?

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) you’re trying to sell, and potential #buyers contact you or place #bids.

If the items you’re #selling are #downloadable or small #enough to be shipped, you never have to reveal your #identity or meet the buyer in #person. If you’re selling a #larger item (car, real estate, etc.), you’ll probably have to schedule an #appointment to meet the buyer and #finalize the deal.

Who Goes First?

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 you are an unknown seller, you will not get any interested buyers. #Bitcoin #transactions are irreversible, so there isn’t any buyer# protection available against sellers who don’t 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 they’ve received the items. If you’re going to ship your goods first, it’s best to #require that the buyer has an established #reputation to reduce your #chances of loss. There’s always a #chance that the buyer may never send the #bitcoins after receiving the #goods.

Use #Escrow

The best #policy for new #sellers and #buyers is to use a #3rdparty #escrow service. It may cost a small #percentage #fee, but it helps protect both buyers and sellers from #scammers because a reputable and #indifferent 3rd party handles the funds and resolves #disputes. Most buyers and sellers insist on using an escrow service for deals with new #individuals. It works like this:

1.) The buyer #deposits the amount of #bitcoins for the item with a reputable 3rd party #escrow service. This proves they have the funds to make the #purchase.

2.) The #escrow service #notifies the seller that the #bitcoins have been deposited in full. At this point the #escrow service usually takes their #fee (which may be paid by the seller, the buyer, or a #fifty-fifty split by #both).

3.) The seller #ships or hands over the items to the #buyer.

4.) Once the #buyer receives the items and #inspects them, they contact the #escrow service to release the bitcoins to the #seller.

5.) The #escrow service sends the #bitcoins to the seller. Done deal.

 

If there are any #disputes (i.e. the buyer claims the goods they received were #damaged, not as #described, or never even arrived), it is up to the #escrow service to #resolve it. As a seller, you should make every attempt to #document and #prove that the items you’re selling have been provided as originally described. Some #examples:

1.) #Photograph or video the #goods and their condition prior to #shipping or handing them off.

2.) #Photograph or video yourself #packaging the goods for mail #delivery.

3.) Get a #tracking number for the# package, or a #signature upon delivery, or a #proof-of-delivery receipt.

 

Take a look some recommended escrow services — each one of them has a good #reputation and is generally trusted by the #Bitcoin #community.

Where Can You Sell Your Stuff Online?

Below is a list of every #reputable #Bitcoin #marketplace and online #classifieds site where you can sell your stuff for #bitcoins.

MarketplaceDescriptionFees
BITCOIN CLASSIFIEDSCRYPTOTHRIFT is the Ebay of Bitcoin. The site features both auction and “Buy It Now” type sales, and supports payments in both Bitcoin and Litecoin.Sellers pay a 2.5% flat rate of the price of the item, or the Bitcoin/Litecoin transaction fee

If escrow is used, the buyer pays an additional 1% fee on the final price of the item.
BITCOIN CLASSIFIEDSBITCOIN CLASSIFIEDS is kind of like the Craigslist of Bitcoin. It’s free to create an account and list an ad. The site claims not to police or review posted listings, though its terms state that items of illegal nature (drugs, porn, etc.) are not allowed.None
BITCOINTALK MARKETPLACEThe BITCOINTALK MARKETPLACE is a subforum of the Bitcointalk forum that lists a wide variety of goods, services, and investments. Buyer beware though: this subforum has been rife with scams in the past, it’s best to always use escrow when making a purchase.None
REDDIT BITMARKETBITMARKET is a subreddit where users can post both items for sale and items they’d like to buy. The barrier to entry to list is high though: your reddit user account must be 100+ days old and have 100+ combined comment karma.None
BITPREMIERBITPREMIER is a marketplace for fancy goods with very high prices. Since it’s mainly a place for Bitcoin rich folks to shop, their inventory is very limited.
5%
GLYDEGlyde is a marketplace for people selling and buying used smartphones, tablets, video games, and other gadgets. Sellers can choose to have their earnings withdrawn in Bitcoin, to a bank account, or via paper check. However, buyers cannot make purchases using Bitcoin, only with a credit card. When selling an item, Glyde suggests a median price for the item, and limits the maximum and minimum amount you can ask for it.When an item is sold, sellers pay a 12% fee on the first $100 of the sale price, and then 8% fee on the remaining amount.
A buyer protection fee of up to $10 applies is charged to sellers for items that go unshipped without being promptly canceled.

 

 

 

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