Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: cheggers on November 26, 2010, 10:34:22 AM



Title: getting my cash out
Post by: cheggers on November 26, 2010, 10:34:22 AM
when it comes time to pay my bills etc, how to extract my UK bitcoin?

I've found vendors that require swift transfer but that costs me 40 pounds.

Is there an easy UK was of getting my money out?

Many thanks guys


Title: Re: getting my cash out
Post by: Timo Y on November 26, 2010, 10:42:05 AM
when it comes time to pay my bills etc, how to extract my UK bitcoin?

I've found vendors that require swift transfer but that costs me 40 pounds.

Is there an easy UK was of getting my money out?

Many thanks guys

Find a user who has a UK bank account and do an over-the-counter trade with them:

http://bitcoin-otc.com/


Title: Re: getting my cash out
Post by: cheggers on November 26, 2010, 10:44:43 AM
I'm not sure I undersatnd, I have UK bank accounts, I just though I'd need to do some kind of tranfer.

Are you suggesting someone who wants bitcoins will exchange for cash?

If ao, how do I know that I can find somone who will?

Thanks fr the quick answer.


Title: Re: getting my cash out
Post by: davout on November 26, 2010, 11:06:16 AM
There is an IRC channel for over the counter trades.

You might also get in touch with Valerius, he's buying BTC for liqpay, see http://bitcointalk.org/index.php?topic=1935.0


Title: Re: getting my cash out
Post by: Timo Y on November 26, 2010, 11:11:41 AM
If that's too inconvenient for you, this trader will buy your Bitcoins for Paypal USD:

http://www.nanaimo-gold.com

In your Paypal account you can instantly convert USD to GBP, then transfer the balance to a UK bank account.


Title: Re: getting my cash out
Post by: ribuck on November 26, 2010, 11:12:14 AM
Are you suggesting someone who wants bitcoins will exchange for cash?

I will. I've sent you a PM.


Title: Re: getting my cash out
Post by: teknohog on November 26, 2010, 12:46:48 PM
I have used https://www.bitcoinexchange.com/ with great success, to sell bitcoins for cash. The bank transfer is free within the EU.


Title: Re: getting my cash out
Post by: ribuck on November 26, 2010, 12:53:41 PM
...The bank transfer is free within the EU.
These bank transfers are only free within the Eurozone, not within the whole EU, and the UK is outside the Eurozone. My bank would charge £25 to transfer funds to Bitcoin Exchange; I'm not sure how much in the other direction.