How does character trade work

[Kurtpalmer]

I have a 70 undead priest, but I kind of wish I made a rogue.
Can you only trade characters for coins?
Would I be able to sell my priest for coins, and then buy a character with them coins? essentially swapping.
Also does the character go onto my account with my login info? and is there any risks? if the person botted it to level 70 for example, and I buy it can it be banned later on for something I had never done?

[Tpeh]

I'm also wondering about certain things concerning the character trade.
1. Does "inventory not included" only mean bags and bank as one would assume, or does it mean the buyer won't even receive the gear the character is wearing?
2. Can the seller lie in the description without consequences? For example I saw this warlock for sale stating he has 20k honor and 100 bg marks, but when I checked his armory, the character only had 17 total total pvp kills so what he was saying was obviously bull****.

As for some of the OP's questions, from what I know so far;
Would I be able to sell my priest for coins, and then buy a character with them coins? Yes, altough theres a 15% cut every time you sell a character. For example, you put it up for 100 coins and it gets sold, you only receive 85.

Also does the character go onto my account with my login info? Yeah, the character simply just moves onto your account.

[csant1023]

The character gets move to your account and vice versa when you sale one. Im not sure if anyone is checking to see people are lying about what they are advertising on characters.

[Kurtpalmer]

Thanks my man! I sort of guessed this is how it would work, I am currently just waiting another day (you need 3 days with authenticator before you can sell) and I will throw my priest up for sale and hopefully I snag a cheap rogue at some point :)