Bitcoin Forum

Other => Beginners & Help => Topic started by: jojaca on November 11, 2017, 09:56:10 AM



Title: Best way to cash out cyptocurrency for uk user
Post by: jojaca on November 11, 2017, 09:56:10 AM
First post, I bought various alt coins from a few sites last year and they are stored in offline wallet. I want to cash out original stake and hold the rest for long term.

Which is the easiest way to cash out for a Uk user with regards selling fees and possibly paying my SEPA bank transfer etc

Any help would be grateful.


Title: Re: Best way to cash out cyptocurrency for uk user
Post by: Xavofat on November 11, 2017, 10:18:42 AM
You could try withdrawing from Bitstamp or GDAX if you want fees of 0.2-0.25%.  You would have to go through their KYC regulations if you do that though (and admittedly in most cases).  

If you're okay with receiving money via a national bank transfer, you could try using LocalBitcoins (https://localbitcoins.com/instant-bitcoins/?action=sell&country_code=GB&amount=1000&currency=GBP&place_country=GB&online_provider=NATIONAL_BANK&find-offers=Search).  The rates on there can be pretty decent a lot of the time.

As for alts, it's probably easiest to sell them on Bittrex for BTC and then sell the BTC.  Altcoin to fiat markets are less liquid and more irritating to deal with.


Title: Re: Best way to cash out cyptocurrency for uk user
Post by: flippener on November 11, 2017, 10:24:04 AM
I would convert all the alts to bitcoin and then withdraw via Coinbase (easy) or Cryptopay (cheaper).


Title: Re: Best way to cash out cyptocurrency for uk user
Post by: jojaca on November 16, 2017, 09:14:37 AM
cheers!


Title: Re: Best way to cash out cyptocurrency for uk user
Post by: irvinwelsh on November 16, 2017, 09:19:31 AM
TenX cards, no?
I've heard that now they're working only within EU. What about brexit? If it's not finished yet, you're able to pay with crypto by card)


Title: Re: Best way to cash out cyptocurrency for uk user
Post by: TheQuin on November 16, 2017, 09:20:40 AM
As already suggested localbitcoins.com is the easiest way to sell Bitcoin in the UK. You could also try placing a thread on the Currency exchange board here https://bitcointalk.org/index.php?board=53.0

You might even get an offer for the altcoins so you will not need to exchange them for Bitcoin first. But only deal with trusted members.


Title: Re: Best way to cash out cyptocurrency for uk user
Post by: GCP17 on November 16, 2017, 03:44:08 PM
check UK tax before you move anything


Title: Re: Best way to cash out cyptocurrency for uk user
Post by: faimloup on November 16, 2017, 05:40:04 PM
I have been recommended Bittylicious  https://bittylicious.com/ but unless you have to I would hang on tight and hodl. 2018 is going to be a killer year for growth.


Title: Re: Best way to cash out cyptocurrency for uk user
Post by: icochick on November 16, 2017, 05:44:51 PM
Are these my only options? - There should be better ones available out there right?


Title: Re: Best way to cash out cyptocurrency for uk user
Post by: Nalbo on November 16, 2017, 10:23:08 PM
Are these my only options? - There should be better ones available out there right?

Try coinjar, they have better fees.