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Author Topic: Easiest Way on BTC to GBP using Bank Transfer or PayPal?  (Read 679 times)
kevinchan1 (OP)
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December 08, 2013, 11:55:40 PM
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Basically, at some point in time, I would need to transfer BTC to my bank account in some way. The problem is that I live in the UK so I cannot use services such as Dwolla and Coinbase because they need a US Phone number, ZIP codes etc which, for obvious reasons, I don't have and Bitbargain charge 0.1 BTC (or around $70-80) to register which is a huge amount of money. So, is there any other way on transferring BTC to GBP easily? Also, I would like to mention that I probably wouldn't have a lot of BTC (<0.5 at most) so selling it would be unpractical. I don't mind going from BTC to other currencies first, then that currency to GBP as long as the fees are low and that there is a way on storing the other currency.


Thanks  Grin

Kevin
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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RapidCoinz
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December 09, 2013, 04:15:31 AM
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just sell your btc for £ on localbitcoins.com, easiest way without getting zapped with fees  Smiley
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December 09, 2013, 05:37:40 AM
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I would advise agains using Paypal as there is quite a reasonable chance that you'll get a chargeback if you don't trade with a reputable member. Even then you'd probably be better off using localbitcoins or a bank transfer as it's safer.
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December 09, 2013, 03:04:49 PM
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localbitcoins.com is a place I use regularly, or you could try maybe bittylicious. The latter require you to be a trader and have some regular vol, so if you're not going to be selling regularly, maybe not for you.
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