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Title: Converting Bitcoin to GBP efficiently Post by: MR2O4 on December 22, 2017, 12:34:25 PM There is plenty of information about on how to buy bitcoin, but I've struggled to find anything about how to convert it back to GBP efficiently.
For example, even before Coinbase put delays on SEPA withdrawals €1,000 it wasn't a particularly efficient way, as you are at the will of banks and their choice of € to £ conversion rate, not to mention high fees on top. So, say I had 0.1btc in a wallet on my computer, what would be the most efficient way to convert it back to GBP in my bank account within a few days? Title: Re: Converting Bitcoin to GBP efficiently Post by: OmegaStarScream on December 22, 2017, 01:25:05 PM You have Coinsbank and Coinfloor as alternatives with BTC/GBP. I'm not sure about the withdrawal limits though.
Title: Re: Converting Bitcoin to GBP efficiently Post by: LeGaulois on December 22, 2017, 01:39:39 PM There are only 3-4 places for GBP withdrawals. With Coinsbank and Coinfloor there is also Bitwala https://www.bitwala.com/transfers/ You will receive the transfer up to 3 business days (They usually send it the same day) with a 0.5% fee. There is a verification needed and the company is efficient with their service
Title: Re: Converting Bitcoin to GBP efficiently Post by: MR2O4 on December 22, 2017, 04:10:08 PM There are only 3-4 places for GBP withdrawals. With Coinsbank and Coinfloor there is also Bitwala https://www.bitwala.com/transfers/ You will receive the transfer up to 3 business days (They usually send it the same day) with a 0.5% fee. There is a verification needed and the company is efficient with their service Thanks for that. Unfortunately with Bitwala the 0.5% fee is for Euros, GPB is 2.10% (min. £6) according to their website. Coinsbank seems to be SEPA (which is what I want to avoid) or a card, which has an upfront cost. I'll check Coinfloor out later, as their website doesn't seem to be playing ball at the moment. Title: Re: Converting Bitcoin to GBP efficiently Post by: LeGaulois on December 22, 2017, 04:39:12 PM Oh sorry, I didn't know it is 2% for GBP as I use Eur.
Title: Re: Converting Bitcoin to GBP efficiently Post by: karwanmino on December 22, 2017, 07:01:26 PM try to sell your concurrences on localbitcoins cause that is a better way and no fees. if you find a good client and can see in person then you can transfer it wallet to wallet manually // or sell it in person and get direct cash money ..
Title: Re: Converting Bitcoin to GBP efficiently Post by: MR2O4 on December 22, 2017, 08:32:49 PM Oh sorry, I didn't know it is 2% for GBP as I use Eur. No worries. EUR does seem a lot easier! Title: Re: Converting Bitcoin to GBP efficiently Post by: Cryptoshops on December 22, 2017, 11:07:56 PM I am getting problems with buying Bitcoins in the UK thanks to Barclays bank. They keep on canceling the transaction. I then get phonecalls from the bank telling me that its fraud prevention. Im not sure the banks here in the UK like Bitcoin very much and are making it diffcult to sell and buy
Title: Re: Converting Bitcoin to GBP efficiently Post by: PEG-TOKEN on December 23, 2017, 12:29:23 AM Wirex - Is the best to use in the UK get yourself a card load your coins and spend.
They also accept altcoins that I see as a bonus ball! https://wirexapp.com/ |