Selling Bitcoins in London for Cash

[nagleatorcoin]

Hi,

In London and am looking to sell Bitcoin for 1.5K cash at market rate is this possible? Any Bitcoin ATM's that have zero fees when selling?

Cheers

[OmegaStarScream]

Hi,

In London and am looking to sell Bitcoin for 1.5K cash at market rate is this possible? Any Bitcoin ATM's that have zero fees when selling?

Cheers

What's in it for them if their ATM's are without fees ? that wouldn't make a lot of sense . You can simply post here on currency exchange section and find someone that accepts your terms , I mean it's London I'm pretty sure you will find someone , otherwise you can use Western Union if you can't meet face to face , Just make sure that the buyer is trusted if you are going to trade in the forums or use Escrow .

[lihuajkl]

Hi,

In London and am looking to sell Bitcoin for 1.5K cash at market rate is this possible? Any Bitcoin ATM's that have zero fees when selling?

Cheers

Did you try localbitcoin.com? It is a good place to trade bitcoin face by face. I have to say no Bitcoin ATM offers zero fees for bitcoin exchange. Bitcoin ATM operators have a lot of fees to pay, like renting, electricity, machine cost, maintaining cost etc

[nagleatorcoin]

I'm a trader on localbitcoins

https://localbitcoins.com/accounts/profile/nagleatorcoin/

I'm aware of how ATM's work as I have had several conversations with Bitcoin ATM operators in the US.

What is the one of the biggest costs for an ATM operator?

Cash management

Is there more demand for buying Bitcoin or selling Bitcoin?

Much greater demand for buying

This leaves operators with lots of cash, ideally an ATM buy and sell volume would match leaving no cash management. Of course this is not the case so often operators in the US have a zero fee when a  customer is selling Bitcoins!

So that's why I was asking!

I have placed an ad on LocalBitcoins but instead of waiting for someone to contact me thought I might be able to find someone. I have one solution that can work, the emergency cash option that Natwest, Ulster and RBS use but don't want to be reliant on just that.

What I'm trying to do is avoid any currency conversion fees I would pay converting my Euro to Sterling while in London! Also going to try and only spend Bitcoin where possible so any suggestions on where to spend my Bitcoin while in London is also appreciated!