How To Sell Items For Bitcoin
One of the easiest ways to acquire bitcoin is by selling your things through the internet. This post will cover the various methods available for the aspiring bitcoin merchant. If you don’t already have a bitcoin wallet address refer to our first post on how to get started with bitcoin for free.
Given that bitcoin users are spread across the globe, craigslist will be a tougher place to make sales. But let’s say for example you’re selling a snowboard, simply adding the text “bitcoin accepted” in your listing will make it easy for bitcoin users to find items they can buy locally. To those who don’t but are looking for a snowboard, there is a chance they’ll do some research to see what “bitcoin” is all about.
So while the chances of selling your item for bitcoin are lower, you are still contributing to the economy by helping with adaptation.
Coingig is a bitcoin based marketplace like eBay. To get started visit the website and create your account.
- Open your store
- Verify your email address (check spam folder)
- Coingig recommends uploading a store logo
- Add products to your store
Be sure to include a well written name and description for your item to attract serious buyers. Including a photo of the item will only help. You can lock your price to BTC or your preferred fiat currency. The conversion rate will be managed by the website and displayed on your products page.
Here is an example listing from Coingig user StickerCat. As you can see all relevant information is displayed about the item and the seller has a nice clean listing. Professionalism will always attract more buyers, keep it in mind.
Let’s say your products are a little more…controversial. In that case a highly unregulated market is your best bet. Silk Road is an online black market existing within the Deep Web that transacts solely with bitcoin. To access it you can use Tor and visit the Silk Road address (silkroadvb5piz3r.onion) or use a Tor proxy through the links below.
To register as a vendor on the Silk Road you must deposit a ฿3.87 (at the time of writing this post) bond. This is to prevent any malicious sellers and help keep buyers safe.
- Start by registering an account to access the website
- Visit your account page and deposit the ฿3.87 bond
- Agree to the vendor terms and enter your pin, the bond will be deducted from your account
- Once the funds clear you are free to sell your items
When transacting with controversial substances your anonymity is the most important thing and what will keep you out of trouble. Be sure to encrypt messages to your buyers and request they do the same. Never keep a record of your buyers shipping information after preparing the shipping label. Most importantly be honest with your buyers, they will always be willing to pay for quality items so it is your duty to provide them.