We offer secure and fast payment for traders wanting to sell Bitcoin.
Are you wanting to sell Bitcoin?
Are you wanting to Sell Bitcoin? McLeod Pacific Investments can purchase your Bitcoins today and are happy to pay via Cash Deposit, Bank Transfer or in person. Also, whilst we can purchase your Bitcoins during office hours we are available outside of office hours. Consequently regardless of your situation don’t hesitate to Contact Us and we can advise as to whether or not we can assist you.
Sell Bitcoin for Cash Deposit or
bank transfer into your bank
Register with Localbitcoins or Binance
Reach out to us and we can recommend which platform is ideally suited to our needs.
Subsequently you will need to register with either Binance or Localbitcoins.
We will gladly assist you through this process. We do this regularly and it takes no longer than 5 minutes.
Select which method of payment you prefer
Let us know which method you prefer and we will forward you the relevant trade link.
Get Paid via Cash Deposit
We can execute most cash trades into your account within 30 minutes. Furthermore, we keep you abreast of the status of the trade the whole way though. Conversly to Buy trades, you are in control of when the bitcoin is released via escrow. We advise once payment has been made and also supply a deposit receipt confirmation. Wherefore you then release the bitcoin to us.
Get Paid via Bank Transfer
McLeod Pacific Investments have multiple bank accounts. Therefore, we can settle via OSKO as well as with interbank transfers to your account. This means there is no waiting for funds to clear. Similarly, to cash deposits, you are in control of the escrow release of bitcoin to us. Once funds have cleared into your account you advise Locabitcoins or Binance to release the bitcoin from escrow.
sell Bitcoin with Bank Transfer
PAY BY BANK TRANSFER
Register with Localbitcoins or Binance
You will first need to register with the Localbitcoins or Binance trading platforms.
A McLeod Pacific Investments team member will gladly walk you through the process if you have any problems.
The KYC (ID Verification) process
Once you have registered with Localbitcoins or Binance, we will need you to do a KYC (Know Your Customer) ID verification process.
To see what we require, go to our ID verification page. Accordingly, we recommend that you prepare the KYC requirements prior to opening a trade. Subsequently this make the trade run smoothly.
In summary, the KYC requirements are:
- A copy of your Australian ID that matches your Localbitcoins account.
- A selfie with you holding the same Australian ID as well as a handwritten note saying “I’m a customer of McLeod Pacific Investments/Bitcoin_Cam”.
- Your Australian Mobile Phone number that a McLeod Pacific Investments team member can call you on to discuss your Bitcoin trade.
- Send through a photo of your bank account information. We will ask you to cover up pertinent information, i.e. your balance and account number, we only need to confirm that the money is coming from an account in your name.
Lock in your trade and payment.
A McLeod Pacific Investments team member will then send you a trade link which will have the rate and our banking details. If you are happy with the rate you can lock in the trade. Subsequently the Bitcoins for the trade are then automatically locked in escrow.
Once you have made payment*, you then send us a screen shot of the payment.
* There are multiple McLeod Pacific Investments bank accounts with OSKO we can offer or Internal bank (ANZ to ANZ as an example) transfer options. Subsequently this will expedite the clearance of payment in most cases.
We release the bitcoin
Once we receive the screen shot of payment and confirm the funds have cleared into our account, we execute the trade. This involves us advising either Binance or Localbitcoins to release the Bitcoin held in escrow to your Localbitcoins or Biance wallet. This happens within minutes of McLeod Pacific Investments confirming receipt of payment.
- Accordingly, please note to avoid any delays with release of bitcoin, always check with your bank about transfer times. We strongly suggest not trading via Bank Transfer on a Friday if you are unsure of clearance times as it might mean that we cannot release until the following Monday when payment clears.
We pride ourselves on helping traders throughout the trading process. Therefore, do not hesitate to contact us on 0406 594 829 if you have any questions before or during the trade process.
SELL BITCOIN IN PERSON - CASH OR BANK TRANSFER
PAY IN PERSON
Contact us to request in person trade.
Contact Us and let us know the amount you are wanting to trade. We then advise of an approx. rate and availability.
Moreover, you can either come to our office or we can meet at a mutually agreeable venue.
The KYC process
We appreciate that everyone’s time is valuable. Therefore we ask that you forward us the KYC requirements as listed on our ID verification page prior to meeting to trade. You can forward this to us via email.
Generally, in the case of bank transfer payments in person we will also need you to forward us a copy of your bank details. Furthermore we ask that you cover your pertinent details (account balance and account number) as we only need to confirm the bank account is held by you.
Trade meeting – person to person.
A McLeod Pacific Investments team member will then meet you and lock in a rate for you. This rate will be at the indicative (same percentage) as the one quoted to you on the phone or via email in your initial discussion with us so that there are no surprises!
Payment is made either via cash to the McLeod Pacific Investments team member. Conversely in the case of bank transfers we confirm bank accounts prior meeting to be sure the transfer will be instant.
We transfer the Bitcoin to you
We will then send the Bitcoin to you via our bitcoin wallet to your bitcoin wallet. This process normally takes no more than 10-20 minutes. During this time, we issue you an invoice, put on a coffee for you and talk shop whilst you wait for the transfer to clear into your wallet.