Appologies if this is a repeated post but I have searched and found some info but I am looking for more.
Basically I am a small time miner and just mine as a hobby. I will probably never see a return on my bitfurys unless the price skyrockets but we shall see. I am currently mining about 0.01 bitcoins every couple of days and at current exchange rate only about £20 worth but I am curious as to the best way of exchanging these for sterling.
I have checked out sites such as local bitcoins which doesn't bring anything up in my area even when I try searching the whole of the UK so I guess I'm doing something wrong
I have made an account on bitbargin but to allow me to sell they want to charge me 0.1 BTC which isn't worth it as it will take me a month just to save to pay the fee...
Whenever I google, the site plus500.co.uk comes up but I havn't read anything on forums about people using it.
Anyone else in a similar situation?
EDIT: I have now signed up to localbitcoins and it is much clearer now as I have found they have an integrated wallet etc, is it a completely safe site to use? Any way to get scammed on there?
As a small seller, I would be very surprised if you run into any problems on there.
You will need to save up about 250GBP worth of Bitcoins though before most buyers would accept your transaction.
If I were you, just keep them.
U got such a small amount that it won't make any difference to you if you sell them now, but perhaps turn into a small windfall a few years down the line.
