MajorBuzz (OP)
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September 05, 2017, 10:01:11 AM |
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I've been using Coinbase to buy Bitcoin and Bittrex to trade, but now would like to sell some and transfer to a UK bank account. I've looked into various options such as Uphold, LocalBitcoins, CoinsBank, and others, but when I look at reviews for these websites they are not good and don't appear to be 100% safe. Does anyone know a safe way to sell and transfer the funds back to a UK bank account?
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Hybrid1990
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September 05, 2017, 10:18:17 AM |
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I've been using Coinbase to buy Bitcoin and Bittrex to trade, but now would like to sell some and transfer to a UK bank account. I've looked into various options such as Uphold, LocalBitcoins, CoinsBank, and others, but when I look at reviews for these websites they are not good and don't appear to be 100% safe. Does anyone know a safe way to sell and transfer the funds back to a UK bank account?
Check pm
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MajorBuzz (OP)
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September 05, 2017, 10:43:49 AM |
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Check pm Thanks but I'm not looking to deal directly with anyone. I'm looking for a long-term solution.
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Hybrid1990
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September 05, 2017, 10:52:13 AM |
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Check pm Thanks but I'm not looking to deal directly with anyone. I'm looking for a long-term solution. If all be good i can buy 10k $ btc monthly
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koiler
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September 05, 2017, 12:26:14 PM |
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Just use Localbitcoins, never had any problems there and there's plenty of traders who will buy from you.
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Nathan047
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September 05, 2017, 04:13:09 PM Last edit: January 03, 2018, 03:45:21 PM by Nathan047 |
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I've been using Coinbase to buy Bitcoin and Bittrex to trade, but now would like to sell some and transfer to a UK bank account. I've looked into various options such as Uphold, LocalBitcoins, CoinsBank, and others, but when I look at reviews for these websites they are not good and don't appear to be 100% safe. Does anyone know a safe way to sell and transfer the funds back to a UK bank account?
If it's anything like the US, just use Coinbase (don't worry, it's safe) to sell your BTC for USD/EURO and then transfer it to your bank account. Just remember to claim any gains when filing your taxes.
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I'm starting a technology blog T4CH.top, check it out!
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Xch4ng3
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September 06, 2017, 04:29:27 PM |
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Check out https://revolut.com/ - you get a US/EUR/GBP account to send funds into. Bittrex -> Coinbase -> Bank. Don't forget you can also use CB to fund GDAX.
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Notetoself
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September 06, 2017, 09:47:17 PM |
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Localbitcoins. Stop being daft mate.
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sardasa
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September 07, 2017, 07:36:22 AM |
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I've been using Coinbase to buy Bitcoin and Bittrex to trade, but now would like to sell some and transfer to a UK bank account. I've looked into various options such as Uphold, LocalBitcoins, CoinsBank, and others, but when I look at reviews for these websites they are not good and don't appear to be 100% safe. Does anyone know a safe way to sell and transfer the funds back to a UK bank account?
Cex.io is also a good option for this.
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Luckylegs
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January 03, 2018, 09:34:23 AM |
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Thank you all for sharing this info. Not sure what I would do without this forum, honestly! For an additional bit of info, Revolut seems really useful especially if you have one of their pre-paid cards, you can use it anywhere in the EU without the usual charges...bonus!!
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