Cheapest way to converting coins to fiat in £

[AceCobra2]

Hi guys, just wondering, what is the easiest/ the cheapest exchange to convert my existing coins into actual cash? I am currently trading at bittrex but they do not have any bank withdrawal service. I had a look at the other sites and they are about 2% or so with a minimum of $20 or so fee. My option would be to convert my ZEC into BTC then sell it - I was thinking of using localbitcoins but not sure if that would be safe as I know paypal can reverse payments so looking ideally to go onto an exchange which has a withdrawal fiat facility.

[raphma]

it would be easier to help you if you say where are you from.
Each country has its exchanges, and even tho you can find a international one, a local one will probably be cheaper.

[AceCobra2]

it would be easier to help you if you say where are you from.
Each country has its exchanges, and even tho you can find a international one, a local one will probably be cheaper.

Thanks for the reply - I am based in the UK so withdrawing directly into British £ would be the best as withdrawals in $ increases my surcharge.

[AceCobra2]

Anyone has any suggestions ?

[alyssa85]

Use Kraken. Send your bitcoin to Kraken, sell them for Euros - then use "SEPA withdrawal" to send the euros to your UK bank, and the money will appear in your account in pounds sterling. Kraken charges 9 cents for withdrawal. Your bank should apply a standard 5% exchange rate when automatically changing teh euros into sterling.

(Note: don't sell your coins for pounds on kraken - kraken has no facility to send sterling to your bank account. You need to do it in euros, and SEPA.)