Selling BTC for GBP & paid into a UK bank...

[DarrenJC]

Ive looked all over. I just want to sell my btc and get Gbp(£) in my Uk bank...

Please give me advice

[TheQuin]

The best place to do that is localbitcoins.com they provide a peer 2 peer trading service so you can sell to someone paying directly into your bank. It provides an escrow service so you don't release the coins until the money is in your account.
You could also try selling it on this forum but I'd go with localbitcoins myself.

[Xavofat]

You should be able to get a SEPA transfer to your bank account from a normal crypto exchange such as Bitstamp.

If you want to try trading peer-to-peer, you can also try getting a National Bank Transfer on LocalBitcoins.  You can get SEPA transfers from there as well.  The prices on there are fairly competitive.

Personally I have a BTC debit card from Xapo.  You can withdraw from accounts there with a bank transfer or you can withdraw from ATMs with the card (or of course spend from the BTC balance in shops).

[allthingsluxury]

You may need to engage in a few additional steps, but as people are stating, there is 100% ways to get to the same end result.

[pereira4]

The best place to do that is localbitcoins.com they provide a peer 2 peer trading service so you can sell to someone paying directly into your bank. It provides an escrow service so you don't release the coins until the money is in your account.
You could also try selling it on this forum but I'd go with localbitcoins myself.

Depending on what amount you want to sell, localbitcoins may not have the liquidity, so you are limited to european exchanges. You can use Kraken, Bitcoin.de, Bitstamp, and any other exchange that will lead to access to SEPA exchanges.

But since GB has declared Independence, im not even sure anymore if SEPA still applies.

[Pab]

Ive looked all over. I just want to sell my btc and get Gbp(£) in my Uk bank...

Please give me advice

Spectrocoin can be solution,thay are runing iban on his exchange platform,you can exchange to gbp,skrill is accepting btc,but only up to 400 gbp daily,on spectro you can apply for blockchain gbp card.Do not use Neteller,you cant spend exchanged btc on neteller,Kraken exchange can be solution but trading is in euro
Spectrocoin has his office in England,so no brexit problem

[TheQuin]

Depending on what amount you want to sell, localbitcoins may not have the liquidity, so you are limited to european exchanges. You can use Kraken, Bitcoin.de, Bitstamp, and any other exchange that will lead to access to SEPA exchanges.

There are a lot of large bitcoin dealers around and you can easily sell £25K at a time on localbitcoins in the UK. I wouldn't advise single transactions of over £10K as you risk getting your bank account flagged for AML. If that payment was coming from a Bitcoin exchange rather than a private individual it would increase that risk.

If you are going to use an exchange then coinfloor.co.uk is UK based, although you still get hit with SEPA wire fees as they bank in Poland.

But since GB has declared Independence, im not even sure anymore if SEPA still applies.

Of course it does.

[DarrenJC]

Thanks for the input people. Im not looking for the large transactions, i only mine £75 to £120 in a month. Just wanting to sell what ive mined.

[anhhung409]

Why do you want to sell BTC at this time while its price is very high and likely to increase in the future. You are afraid that the BTC will not be able to convert to the currency you want, in fact BTc can convert to any fiat and can be transferred to any foreign linked bank.

[player514]

Thanks for the input people. Im not looking for the large transactions, i only mine £75 to £120 in a month. Just wanting to sell what ive mined.

You could try out the currency exchange section here. Make sure you find a seller who is reputable and has done many different trades. Generally, you will be able to exchange around 100-200 euros worth of btc just on the currency exchange section. Most of the payouts are done in paypal.

[Don Pedro Dinero]

The best place to do that is localbitcoins.com they provide a peer 2 peer trading service so you can sell to someone paying directly into your bank. It provides an escrow service so you don't release the coins until the money is in your account.
You could also try selling it on this forum but I'd go with localbitcoins myself.

Depending on what amount you want to sell, localbitcoins may not have the liquidity, so you are limited to european exchanges. You can use Kraken, Bitcoin.de, Bitstamp, and any other exchange that will lead to access to SEPA exchanges.

But since GB has declared Independence, im not even sure anymore if SEPA still applies.

But they haven’t separated from the EU yet, so they are still in SEPA. They might even remain there after Brexit, depending on how negotiations go.

Thanks for the input people. Im not looking for the large transactions, i only mine £75 to £120 in a month. Just wanting to sell what ive mined.

I don’t see any point in cashing that unless you desperately need the money. Bear in mind that you might regret cashing it if price goes very high. If you keep accumulating it is good to cash a percentage but always stay invested. Anyway, that’s up to you.

[thedarksun]

Why can not you split it on a couple of pages because of the possibility of different earnings each month and send it to your account later?

[avikz]

Ive looked all over. I just want to sell my btc and get Gbp(£) in my Uk bank...

Please give me advice

A lot of people already given you the best solution and I just want to support that fact. Use localbitcoins website and get yourself registered. Since you just want to sell your bitcoin, you don't need to verify your profile. Just don't open a new trade. Instead browse through the open trade offers and place a trade request to the thread owner. This website also offers free escrow service so you have peace of mind while selling with localbitcoins platform.