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Title: Cheapest withdrawal in UK Post by: penig on November 03, 2017, 11:42:41 PM Anyone have input on what the current best/cheapest method for withdrawing some bitcoin to cash in the UK?
Title: Re: Cheapest withdrawal in UK Post by: penig on November 04, 2017, 09:28:53 AM Morning UK... must be someone with some input?
Title: Re: Cheapest withdrawal in UK Post by: Iranus on November 04, 2017, 12:39:53 PM Assuming that you mean you'd like to obtain physical cash, there are a two options that I can think of.
You could try trading with LocalBitcoins (https://localbitcoins.com/). This is the most common method and involves either meeting up with someone in your local area in order to exchange your BTC for cash, or receiving cash in the mail if you can't find sellers in your area. In my case, I use a BTC debit card to withdraw money into cash. In doing this, you can hold BTC in a third party account and spend fiat at merchants, selling your BTC at the point of use. You can also withdraw from ATMs (which I do on a fairly regular basis). Debit cards often result in high fees and poor exchange rates, but they're very convenient and allow you to be flexible with the money, provided that you keep the bulk of your BTC in wallets that you control. |