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Author Topic: Best way to cash out cyptocurrency for uk user  (Read 295 times)
jojaca (OP)
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November 11, 2017, 09:56:10 AM
 #1

First post, I bought various alt coins from a few sites last year and they are stored in offline wallet. I want to cash out original stake and hold the rest for long term.

Which is the easiest way to cash out for a Uk user with regards selling fees and possibly paying my SEPA bank transfer etc

Any help would be grateful.
Xavofat
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November 11, 2017, 10:18:42 AM
 #2

You could try withdrawing from Bitstamp or GDAX if you want fees of 0.2-0.25%.  You would have to go through their KYC regulations if you do that though (and admittedly in most cases).  

If you're okay with receiving money via a national bank transfer, you could try using LocalBitcoins.  The rates on there can be pretty decent a lot of the time.

As for alts, it's probably easiest to sell them on Bittrex for BTC and then sell the BTC.  Altcoin to fiat markets are less liquid and more irritating to deal with.
flippener
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November 11, 2017, 10:24:04 AM
 #3

I would convert all the alts to bitcoin and then withdraw via Coinbase (easy) or Cryptopay (cheaper).

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jojaca (OP)
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November 16, 2017, 09:14:37 AM
 #4

cheers!
irvinwelsh
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November 16, 2017, 09:19:31 AM
 #5

TenX cards, no?
I've heard that now they're working only within EU. What about brexit? If it's not finished yet, you're able to pay with crypto by card)
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November 16, 2017, 09:20:40 AM
 #6

As already suggested localbitcoins.com is the easiest way to sell Bitcoin in the UK. You could also try placing a thread on the Currency exchange board here https://bitcointalk.org/index.php?board=53.0

You might even get an offer for the altcoins so you will not need to exchange them for Bitcoin first. But only deal with trusted members.

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GCP17
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November 16, 2017, 03:44:08 PM
 #7

check UK tax before you move anything
faimloup
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November 16, 2017, 05:40:04 PM
 #8

I have been recommended Bittylicious  https://bittylicious.com/ but unless you have to I would hang on tight and hodl. 2018 is going to be a killer year for growth.

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November 16, 2017, 05:44:51 PM
 #9

Are these my only options? - There should be better ones available out there right?
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November 16, 2017, 10:23:08 PM
 #10

Are these my only options? - There should be better ones available out there right?

Try coinjar, they have better fees.
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