UK PEOPLE! WHERE DO YOU CASH OUT / PURCHASE FROM!

[Knocks]

Hello my fellow Bitcoin nerds.

I have a problem, I'm still slightly troubled on where to cash out.

I made a thread on here requesting UK Bank Transfer only and recieved 3-4 PM's from people with broken English which were obviously not from the UK and trying to scam me......

I don't really want to have to set up a LocalBitcoin selling account just to sell 1 BTC here 1 BTC there.... hassle!?!

I wouldn't mind purchasing bullion if the site was reputable and in the UK!

I dream of a site like CoinBase but like the UK..

So... where should I go if I don't want to be scammed and recieve funds in my bank account!

[gentlemand]

The UK is a shocking backwater compared to most places for Bitcoin exchange.

Bitstamp will be pretty rapid but the money goes through two currency changes, albeit with a good exchange rate at their end.

Bittylicious is keen for sellers and it seems to be less hassle than localbitcoins overall. I think we may be in for a fairly lengthy wait for something that just works.

[bennybong]

localbitcoins always works a charm for me. Never had any problems. Funds deposited straight to your bank account.

[retrend]

localbitcoins tends to have lovely UK prices, sucks to buy but great for cashing out.  There's normally a reputable buyer on no matter what time of day.

[Knocks]

I'll have to take a look at the buyers on LocalBitcoins, I'll probably go with someone with good feedback.

Is there any fee's I have to pay to sell? I'd rather split it down to 100 quid transactions since UK-BT is free a nd instant!

[franky1]

seems us brits dont know about these two:

bitbargain.co.uk

ibwt.co.uk

[jonanon]

I'd say find a trusted member on this forum and trade with them - just beware of the incredible number of scammers out there!

[Knocks]

I ended up using LocalBitcoins, I didn't know it was so easy!

I used 2-3 sellers instead of going balls to the wall with one and got all 3 payments!