Bitcoin Forum

Economy => Trading Discussion => Topic started by: kevinchan1 on December 08, 2013, 11:55:40 PM



Title: Easiest Way on BTC to GBP using Bank Transfer or PayPal?
Post by: kevinchan1 on December 08, 2013, 11:55:40 PM
Basically, at some point in time, I would need to transfer BTC to my bank account in some way. The problem is that I live in the UK so I cannot use services such as Dwolla and Coinbase because they need a US Phone number, ZIP codes etc which, for obvious reasons, I don't have and Bitbargain charge 0.1 BTC (or around $70-80) to register which is a huge amount of money. So, is there any other way on transferring BTC to GBP easily? Also, I would like to mention that I probably wouldn't have a lot of BTC (<0.5 at most) so selling it would be unpractical. I don't mind going from BTC to other currencies first, then that currency to GBP as long as the fees are low and that there is a way on storing the other currency.


Thanks  ;D

Kevin


Title: Re: Easiest Way on BTC to GBP using Bank Transfer or PayPal?
Post by: RapidCoinz on December 09, 2013, 04:15:31 AM
just sell your btc for £ on localbitcoins.com, easiest way without getting zapped with fees  :)


Title: Re: Easiest Way on BTC to GBP using Bank Transfer or PayPal?
Post by: Light on December 09, 2013, 05:37:40 AM
I would advise agains using Paypal as there is quite a reasonable chance that you'll get a chargeback if you don't trade with a reputable member. Even then you'd probably be better off using localbitcoins or a bank transfer as it's safer.


Title: Re: Easiest Way on BTC to GBP using Bank Transfer or PayPal?
Post by: yenom on December 09, 2013, 03:04:49 PM
localbitcoins.com is a place I use regularly, or you could try maybe bittylicious. The latter require you to be a trader and have some regular vol, so if you're not going to be selling regularly, maybe not for you.