How to sell Monero online
Step 1
Register an account with LocalMonero. If you already have an account, skip to the next step.
Step 2
Deposit the coins to your LocalMonero arbitration bond wallet. You'll see your LocalMonero deposit address under the "Receive" tab.
Step 3
Go to the main page and in the search box, select "Sell". You can further refine your results by entering the desired amount and changing the currency, country or payment method (select "All online offers" if you're unsure which payment method you want to use) in the search box. Press "Search".
Some payment methods are considered high-risk. Cryptocurrency transactions are completely irreversible. If the payment made by the buyer is reversed, then once you sell your cryptocurrency it won't be possible for you to recover it. That's why we recommend that you sell with a low-risk payment method to experienced users with a large amount of previous trades and a high reputation score.
From the list of ads, choose one from a trader with a high amount of trades and a good reputation score (shown respectively in the brackets next to the username). A green circle means the trader has been online today; a yellow circle means they have visited the site this week; and a gray circle means that the trader hasn't been here for over a week. You can click the "Sell" button to view more information about an advertisement.
Step 4
After you press the "Sell" button, you'll see more information about the advertisement, including the terms of the trade. Read through them before submitting the trade request, if you don't agree with them, you can go back to the previous page and choose another advertisement. To start a trade, type in how much XMR you want to sell and click the "Send trade request" button. You'll be once again shown the trade terms, read them carefully one more time and make sure you agree, then press "Agree to terms and start trading".
Step 5
A trade page will be opened in your browser. Communicate with the buyer through the trade chat and provide them with your payment details.
Step 6
You'll be notified once the buyer has made the payment. Make sure you've received the payment and that it's the right amount. Once you've verified that the payment is 100% correct, press "Finalize".
Step 7
At this point, you'll be prompted to enter your current LocalMonero password. Type it in, and press confirm. By entering your password, you are generating a settlement wallet and signing the cryptocurrency transaction, so make sure you don't forget or lose the password at least until the trade is settled.
Step 8
You'll see that the trade status will have changed to "Processing". At this point, there's nothing else you need to do - the coins will be transferred to the buyer's settlement wallet address automatically.
Step 9
That's it! Once the trade settlement is finished, you'll be able to see the settlement details by expanding the "Transaction details" section on the trade page. Don't forget to leave feedback about your experience with this buyer!
Further reading