Title: UK Users - Anyone used "Circle" to withdraw BTC to GBP? Post by: error808 on April 13, 2016, 09:21:04 PM Hi
I am from UK and currently i am purchasing BTC via Coinbase at the moment, seems easy for me for the time being The issue with coinbase at the moment is that if i wanted to transfer my BTC to a UK Bank account at present it seems coinbase doesnt support this so instead need to go through SEPA bank account which i believe you need to convert your BTC in coinbase to a EUR Wallet then withdraw it from there and I am not entirely sure what the fees are taking into considerations exchange rates and everything else (There maybe other services out there but i just thought id stick to coinbase for now as i'm a newbie to all this) I came across Circle recently in the news www.circle.com Thought i would sign up and give them a try has anyone had experience with them yet? So i planned the following: Send BTC from coinbase to my Circles account which seems to work Then From Circles account withdraw directly to my UK Bank account So i decided to test it out So from my Coinbase account i sent about £0.50 Worth of Bitcoin (0.00167 BTC) to my Circle Account (Took around 45mins to arrive) So at this point my Circles balance was showing exactly "£0.50" I then went to do Cash out which was withdrawing that money to my bank account which i signed up using a debit card and the fees was FREE Obviously this is a very little amount but has anyone tried it with larger amounts and if so is there any fees? Title: Re: UK Users - Anyone used "Circle" to withdraw BTC to GBP? Post by: LASERminer on April 22, 2016, 07:04:16 PM There is no fee - as far as Circle says - but you have weekly withdraw limit of £200 increasing when you use Circle more.
Most interesting for me is what was exchange rate from BTC to £ in Circle? I guess there is their profit hidden. |