Although each platform handles payments a little differently, the process is essentially the same. First, you need to register as a seller on one of these platforms and then set up your sell order. You will be notified when someone shows interest in your offer. Some platforms such as Localbitcoins have a built-in escrow service to ensure transactions go smoothly. You can receive payment for your bitcoin via Moneygram, Paypal, cash in the mail, gift cards, bank deposits, and even cash in person, depending on your preferred option. If you decide to trade in person, be sure to trade in a public place and be aware of the main risks involved.