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Author Topic: Withdrawing from Bitstamp to UK/GBP - lost 3%, where did it go?  (Read 462 times)
xDan (OP)
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June 07, 2017, 08:28:21 AM
 #1

Hey, so I just withdrew some EUR to my GBP (Barclays) bank account, and it seems I received approximately 3% less than what I should have according to both google and my bank's own listed EUR/GBP exchange rate.

What gives? Are there hidden foreign exchange costs I didn't know about?

What better ways are there to convert BTC to GBP? (That isn't localbitcoins, since I don't want to risk selling to a drug dealer or something)

HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
s2
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December 06, 2017, 12:24:30 PM
 #2

Did you get any further information about this?  Was it the bank offering a rubbish exchange rate or imposing other fees?
Not sure if transferring USD or EUR gives any better rate or if there is a better way.
xDan (OP)
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December 07, 2017, 05:04:11 PM
 #3

Still no idea :/

I've since used Coinfloor though

HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
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