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Title: Cheapest way to converting coins to fiat in £ Post by: AceCobra2 on March 25, 2017, 10:31:52 PM Hi guys, just wondering, what is the easiest/ the cheapest exchange to convert my existing coins into actual cash? I am currently trading at bittrex but they do not have any bank withdrawal service. I had a look at the other sites and they are about 2% or so with a minimum of $20 or so fee. My option would be to convert my ZEC into BTC then sell it - I was thinking of using localbitcoins but not sure if that would be safe as I know paypal can reverse payments so looking ideally to go onto an exchange which has a withdrawal fiat facility.
Title: Re: Cheapest way to converting coins to fiat in £ Post by: raphma on March 25, 2017, 10:36:18 PM it would be easier to help you if you say where are you from.
Each country has its exchanges, and even tho you can find a international one, a local one will probably be cheaper. Title: Re: Cheapest way to converting coins to fiat in £ Post by: AceCobra2 on March 25, 2017, 10:54:43 PM it would be easier to help you if you say where are you from. Each country has its exchanges, and even tho you can find a international one, a local one will probably be cheaper. Thanks for the reply - I am based in the UK so withdrawing directly into British £ would be the best as withdrawals in $ increases my surcharge. Title: Re: Cheapest way to converting coins to fiat in £ Post by: AceCobra2 on March 26, 2017, 10:58:00 AM Anyone has any suggestions ?
Title: Re: Cheapest way to converting coins to fiat in £ Post by: alyssa85 on March 27, 2017, 10:14:48 AM Use Kraken. Send your bitcoin to Kraken, sell them for Euros - then use "SEPA withdrawal" to send the euros to your UK bank, and the money will appear in your account in pounds sterling. Kraken charges 9 cents for withdrawal. Your bank should apply a standard 5% exchange rate when automatically changing teh euros into sterling.
(Note: don't sell your coins for pounds on kraken - kraken has no facility to send sterling to your bank account. You need to do it in euros, and SEPA.) |