Hi guys I’m new to BTC and I’m looking at options to transfer money from the UK to Serbia. The recipient of the funds accepts bitcoin. I have never used bitcoin in any way shape or form and I’m wondering how much from purchasing a bitcoin to sending it to my guy would entail ? What costs are involved and where? Also how quick would it take on average from my wallet to receivers? Are there any good reasons to go with Money Gram or Western Union? The price to transfer £200 to Serbia via WU is a round £30 but it is done instantly from your home. Any advice on this would be a great help to a complete newbie like moi.
You need to buy bitcoin at the current price in coinbase from here
https://www.coinbase.com/places/united-kingdom I don't know what would be the average time to buy bitcoins from coinbase but I think it's instant if you are a verified user.
The transaction fee maybe around $0.1 to $3 from coinbase to other bitcoin address the transaction speed is depends on your transaction fee so the higher fee you pay the faster transaction to confirm.
I think money gram or WU is good as a remittance but expect to pay a higher fee so I recommend you to buy bitcoin instead and send bitcoin to the guy.
You can use this
http://preev.com/ if how much is £200 in bitcoin before you transfer or send it to the guy.
