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Author Topic: UK - based service that issues cards, anyone?  (Read 233 times)
archi.gucci (OP)
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June 29, 2019, 06:20:05 PM
 #1

I've been devoted to using cryptocurrency for the past few years, believing it will grow the way it did.
But while I have money in different types of coin, the moment I intend to use it for my day-to-day purchases -
I am able to. Most stores online, not even mentioning offline ones do not accept those. Banks prohibit incoming
transactions in crypto. Seems like I have a fortune worth of crypto, but no way to spend it. Can someone help me find a
 way to conveniently convert/use my crypto automatically as if it was cash/card?
   
gentlemand
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June 29, 2019, 06:33:23 PM
 #2

Coinbase and Wirex both do GBP Visa debit cards. Both aren't super cheap to use in terms of fees but the actual card part works fine.

With Wirex you have to manually convert your crypto in app to GBP and load it on the card. With Coinbase it's linked to your crypto account balance and you spend whenever from there.
fiulpro
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June 29, 2019, 06:35:30 PM
 #3

Hey it's pretty easy ,

Go on localbitcoins.com , and just sell your coins.
Banks doesn't allow Bitcoin related transactions in your account but they won't mind if you are doing person to person transaction , this way you will get the money and the person will get the coins and the best thing is it is completely safe and the person itself is supposed to pay before you and then you can check your account balance and then release escrow .

Don't just waste them , keep them , send them in a global wallet if necessary , make a card of any overseas bank , don't just spend it and think it's worthless.

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gentlemand
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June 29, 2019, 06:37:18 PM
 #4

Go on localbitcoins.com , and just sell your coins.

Using Localbitcoins drives banks nuts and UK banks are pretty twitchy at the best of times. Multiple transactions from multiple different people will make them very paranoid.

I totally get where OP is going. Having fiat availability without your bank involved is worth some hassle and percentage in fees.

If OP has a vast amount in crypto he may as well do large one time sell which may be more palatable to a bank if they're given some warning.
kingpin4321
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July 04, 2019, 01:03:27 PM
 #5

May you spill out what type of cryptocurrency you have this is really vital to get useful reply if your cryptocurrency are more of under value coins then you might run at a loss but if it's a first level coin then you have a fortune and can even spend it
hasmukh_rawal
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July 04, 2019, 02:42:22 PM
 #6

There are 2 things here which should be classified:

  • Spending Crypto
  • ExchangingCrypto

Spending crypto is still not an easy task but can be accomplished through various methods. For instance, if you wanna buy anything online you could simply find a person who accepts crypto and can make the purchase for you. Finding the right person is still a tough task as there are too many scammers around. You can find trustworthy people in this forum by looking at feedbacks and trust.
You can also spend crypto by exchanging it for gift cards and vouchers. Google it and you can find sites which accepts crypto and gives you gift cards for the same. Bitrefill is a site which does the specified job. I would recommend doing your own research before using it. Find the link at the bottom.

Exchanging crypto for fiat or other currencies is not that tough these days as there are many exchanges that can exchange your crypto for fiat and other currencies.
As others have already suggested, you can try Localbitcoins to exchange your crypto but beware of scammers. Only trade with highly positive feedbacks.

Bitrefill : https://www.bitrefill.com/amazon-bitcoin/?utm_source=medium&utm_medium=blog&utm_campaign=gc_amazon_us

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