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Author Topic: Changing BTC into GBP  (Read 66 times)
dontknowwhy
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December 25, 2017, 10:58:07 PM
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What’s a simple way to transfer BTC to GBP? I’m talking 10s of BTC so want something safe and not too many fees. What are the options?
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gt_addict
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December 25, 2017, 11:09:52 PM
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Coinbase account straight to your bank account

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dontknowwhy
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December 25, 2017, 11:39:15 PM
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Coinbase account straight to your bank account

I can’t get verified on coinbase and I think they are Eur only
warningsigns
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December 26, 2017, 12:07:00 AM
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A debit card would have been the simplest way and straight line route from BTC to GBP but all exchangers offering legitimate cards require that their card holders be fully verified and KYC/AML vetted. This of course isn't the fastest way since you first need to open an exchange account (such as Cryptopay which still offers their MyChoice visa cards to EU and UK residents) and you would need to apply for the card which takes time, given the verification and card issuing procedures. And all the holidays would slow things down even more.

Another way is to use Localbitcoins. You can advertise your bitcoins and specify how you want to be paid in GBP. Be careful of scammers. Some of them use SEPA and Faster Payments to perpetrate scams. Some of these fraudsters send payments from compromised accounts or bank cards. Another dangerous scam which is all the rage now in Europe (and in the UK) is meeting up to transact and later being assaulted and robbed. They usually operate in groups and will lure their victims by offering temptingly favorable exchange rates. Always meet in a very public places and take a companion or witnesses with you.

And lastly, always be on your toes when receiving cash for your BTC. Check and doublecheck the money to make sure they are genuine.


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December 26, 2017, 12:26:14 AM
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Coinbase account straight to your bank account

I can’t get verified on coinbase and I think they are Eur only

Im in the UK and have no problems.

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joktel
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December 26, 2017, 04:18:16 AM
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Coinbase comision is just to high, maybe my case is exceptional... Shocked Shocked Shocked
I deposit with Bank Card, 100€ to pass it to a trading platform and inbetween I lost about 40€ to comision... only 64€ worth of BTC reached my trading account. And it was the period of BTC appreciation, not this devaluation period...
chris2btc
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March 07, 2018, 03:10:48 AM
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hello,

i can help in london, cash pay. whatsapp+8613068178967 or telegram@Chris2btc for more info.
cheers!
Coinky
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March 07, 2018, 05:48:05 PM
 #8

What’s a simple way to transfer BTC to GBP? I’m talking 10s of BTC so want something safe and not too many fees. What are the options?

The simple way is to sell your bitcoin locally .May be offline,  if your prefer anonymity and privacy or on localbitcoins.com if you would prefer security .You may get more than Preev rate.

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