Bitcoin Forum

Hi guys, I did some investment in crypto from long time but, never sell it for fiat or don't have any master or Visa card to spent my crypto. So any suggestions what is the best method to get some fiat currency for crypto and any recommend card to spend and how can I get it. I live in UK. Thanks.

Check here
https://www.forexbrokerz.com/page/uk-cryptocurrency-exchanges
Try to use your country exchange because a lot of country exchange provide for their fiat, just find the exchange that provide fiat and you can transfer your coin to that exchange and exchange with fiat. Hope that site can help you.

If you are OK to pay taxes and don't want to pass KYC on major exchanges, then look for your country-local company who buy/sell BTC. There are few in every EU countries, taking 2%-4% as commission.

If you are OK to pay taxes AND pass KYC on major exchanges, go to Kraken or similar and sell your coins and withdraw with SEPA/SWIFT.

If you don't want to pay taxes, check https://localbitcoins.com and sell it to a local man in person.

I also tried ot localbitcoins for the very first time and should receive my first fiat via BANK SEPA tomorrow as they instructed their bank from today to send me my euros. I will let you know how it went, if it is good, I will constantly use them. I am also waiting for COSS.IO EXCHANGE to implement fiat and also COBNHOOD EXCHANGE, am going to also try those. I am also waiting for my CENTRA BLUE CARD to arrive, so will give feed back on that also when it arrives and once I use it. I hope more easy ways to get fiat currency from altcoins and bitcoins come around soon as well.

I think it depends upon your country. Here in my country, there is an application that I can easily convert bitcoin from fiat. The application is good as well as helpful specially, for newbies in cryptocurrency. It is not hassle to convert because definitely, one click only to transfer your funds.

I think in your country bitcoin debit card will work they will charge bit high fee but you can withdraw in any ATM. I am not sure this once check it before it was active in many countries but now they restricted for only some countries. I think in that UK also listed check it once. if not then try to find local exchanges in your country register your name, link your bank account and sell your coins or find any local buyers for cash.

The best way for me to get fiat from crypto is to use your country's local exchange, here in my country, there is a local bitcoin wallet that act as an exchange as well, i can request for a CASH OUT, a term used to convert BTC into our local currency (fiat), it just takes 10-30 minutes then i can get my fiat from a bank or some remittance center. as simple as that.

I think that the best and easiest way to convert crypos especially bitcoin in to fiat is to use localbitcoins.com.Its available in 249 countries.So,you could try that.Different offers are given by traders to chose.You could either receive it by cash or could receive in your bank account.

You should transfer the crypto to bitcoin first by exchanging them on an exchanher. Then you transfer the converted BTC to your local wallet and trade your BTC for the Fiat currency. That is the best thing to do and very cheaper as compared to other costly method. Using the crypto debit card would be bad idea as they charge as much as 5% per transaction which is way higher than the normal debit card. Better go with the first way I mentioned. If your local wallet allows you to convert other crypto currencies too then you can always avoid converting to bitcoin and thus it will save your charges and time as well. Good luck. :-)

Its better to sell your crypto to any local interested one from your city (via specific websites) hand to hand  .. as all my friends do coz personaly i never cash out crypto.

Thanks all of you guys. Helpful, really appreciate. Hopefully I'll find a good solution. Thanks again.

Are you in Europe or uk.Don't mind may be asking you very personal question. I,m also thought about centra as they work with master card. Don't know how to apply. But will do the investigation and waiting for your feedback.Thanks.

In my opinion, it's best to use the online currency exchange bestchange.com. There you can find the most profitable directions
of exchange and a great variety of exchanged currency pairs.

In my opinion, it's best to use the online currency exchange bestchange.com. There you can find the most profitable directions
of exchange and a great variety of exchanged currency pairs.

If your country supports you can use coinbase exchange to convert your crypto to fiat if it was ethereum or bitcoin.But coinbase buying and selling is limited to less number of countries.If it is not available then use localbitcoins.com where you can convert crypto into your local currency and this site uses automated escrows so there is no chance for scamming you.

LOL. Coinbase is a good exchange that you can use to exchange your cryptocurrency into fiat. But don't you see that the OP said that he doesn't have master card or Visa Card? I think the best way for him to exchange his crypto to fiat is sell it directly for other people. It's not hard to find out a buyer living near his town :)

I'm not sure if there are any crypto prepaid/visa card working.. since wavecrest pulled out, all the crypto prepaid card issuers(wirex,tenx etc..) are suffering, trying to find new provider. recently wirex announced that they're working on something called "currency account"[1] or bank account, allowing users to create an account and have a real debit card. it'll be based in UK, i think it's worth the wait for you!

[1] https://wirexapp.com/wirex-bank-accounts-almost/

If you are looking for crypto debit card supports visa and master card this thread would be the best place check this https://bitcointalk.org/index.php?topic=1242788.0
This is updated list of crypto debit card that you can use for withdrawing your bitcoin to fiat or fiat to bitcoin but in limited country support.
They also unlisted scam or fraudulent debit card. Just always ask in this (http://) thread its still active and you can get more answer about your question and safe credit cards that could work in your country..

there are so many who wish to buy btc with fiat and if you would be able to find them from facebook or telegram groups who live near to you, it would be the cleanest way in my opinion. Also check Localbitcoins.com

in your case you do not have a visa or mastercard you can use localbitcoin or local ethereum where they offer a way to change your cryptos coins to fiat through bank transactions to your debit account, in P2P form.

Yep localbitcoins is a great and widely used service with garant feature. Localethereum is something new, I need to try it

In my opinion, the exchange of fiat money will depend on the country. As in the UK, after exchanging in large exchange floors like Binance, Bitrex, Bithumb ... they will withdraw the Coinbase wallet then sell to convert into fiat money and switch to VISA card. So you should be able to VISA to be able to contain fiat money. Or you can also find an internal trading floor of your country to be able to trade cryptos to convert to fiat money :)))

You said you invested money into cryptocurrency, but you didn’t mention where you invested the money. I don’t know how you managed to invest that money, but whatever way you managed to get that money into that place, you can also get it out the same way.

If your plan is to withdraw it using a debit card, then move the Bitcoin into a wallet that offers MasterCard card to its users and use it to withdraw from Atm.

I was looking into using SaltLending to get large amounts out. Take out a loan for the amount you need. Than default on the loan and keep the fiat.

I used coinbase. They don't support GBP beside, charge so much.

Coinbase is good way. Coinbase is known for its ease of use as well as its availability in many different countries.

Doesnt' the bitwala work on the UK? I think they are probably the best bitcoin to fiat service in Europe, and are now trying to create a bank system, that would allow you to sue credit and debit card, and have easy access to both crypto and fiat. A lot of crypto card providers had problems because of Visa blocking their services, but I think this will probably work now.

Here are some news from cointeleghraph, and you should also check bitwala website.
https://cointelegraph.com/news/germany-blockchain-service-bitwala-introduces-crypto-first-banking

In other for you to get your crypto currency for fiat currency, all you need to do is register a secure crypto currency exchange site which support credit, debit card or bank transfer and with exchange like bitwala, cexio, luno, cryptogo, bitpay etc. You can achieve whatever you want to do with your cryptocurrency. Besides, with a bit google search you can find all what you need by youreself mate.

With GDAX, you can deposit or withdraw fiat directly using your bank information to or from your Coinbase account. You can either initiate a bank transfer for free or wire money the same day for a deposit fee of US$10 or a withdrawal fee of US$25. U.S. bank accounts can also use ACH to send money, while European accounts can use SEPA. GDAX charges a 0.25% fee for BTC taker trades and a 0.3% fee for ETH and LTC taker trades. There are no fees for maker trades on the exchange.