ADVICE - The best place to sell BTC in the UK?

[Dragonizer]

Hi All

Seems most people use LBC to trade but their prices are always way below the market value on both Buy and Sell.

Can anyone recommend a site or safe way to sell for £ ? that is better than LBC.

I look look for a sub forum for UK but there is not one there??

THanks

[bwatts]

LBC is cheapset option but not all time, you need observe offers
You can compare rate with bittylicious, coinmamma, lono or coinbase, cex also have low rates

[Deathwing]

There is no separate category for the United Kingdom, you can try the currency exchange section under Marketplace directly to see if anyone is around. Other than that, you can check Binance and Coinfloor, I think they do support fast purchases from the UK.

[pakhitheboss]

Try local Bitcoins first, if you are able to find someone near your location then you can trade over the counter. If not, then download wirex app on your mobile, then register and you can trade straight away. Here is the link- https://wirexapp.com/global

[gentlemand]

If not, then download wirex app on your mobile, then register and you can trade straight away. Here is the link- https://wirexapp.com/global

I've heard many, many bad things about Wirex's banking. I only use it for converting BTC to put on the card and even that quite often has issues.

I would stick with Coinbase Pro myself.

More here - http://bittybot.co/uk/sell-bitcoin-uk/

[Dragonizer]

Thanks guys, i've been tryimg a few and the fee's are mote than LBC.

I have not tried any of above though.

[Dragonizer]

I prefer a basic non refundable Bank Transfer if possible.

The fees are very deceiving i am finding with many of them.....

Thanks

[gentlemand]

I prefer a basic non refundable Bank Transfer if possible.

The fees are very deceiving i am finding with many of them.....

With Coinbase you need to sell through Coinbase Pro, their proper exchange, not to Coinbase. Unless you do that you'll get charged a higher fee. I've never sold through Wirex but I imagine that will cost quite a bit more than Coinbase.

[Shenzou]

Hi All

Seems most people use LBC to trade but their prices are always way below the market value on both Buy and Sell.

Can anyone recommend a site or safe way to sell for £ ? that is better than LBC.

I look look for a sub forum for UK but there is not one there??

THanks

I personally think that the best way to sell bitcoin is always the p2p option, form many aspects and from my personal experience it is by far the best and most secure way to sell you bitcon, you just go on on site like localbitcoin you look up people who are living near you that are buying and you select the one who has to best offer you chat with him you arrange a meeting he gives you cash and you just send them the bitcoins on the spot, no escrow no extra fees and no way of getting scammed, plus it is a good way to meet like minded people who are interested in bitcoin as well.

[Lucius]

Dragonizer, there is another option if you want to sell BTC for GBP -> https://www.binance.je/en

As far as I can see they still have 50% off on trading fees, but also 0% fees on all GBP and EUR withdrawals, with the offer ending at the end of the year. I am not sure how demanding/complicated is verification process on Coinbase (in terms of required documents and speed), but one user is asked the same question some time ago, and he confirms that Binance.je is pretty quick in this matter.

[fiulpro]

You should try the site
Local bitcoins.com but now I think they need your identity so you will have to submit something but I think with years of my experience of trading through this site it is actually nice amazing and safe though you should take care to increase the security by adding the two factor authentication.
Other than that you could try selling them to your friends who might be interested in buying it.

[Dragonizer]

Just to clarify i have been trading on LBC for years, not on the top tier where they want to see your bank statemnets, where you work, salary etc.

I have just signed up to -https://www.binance.je/en

As with regards meeting selling for cash i never see this option anymore? Even when you select - 'All Brithish Pound (GBP).

Any when there were sales they were always around 30 miles away and for small amounts.

Basically i need to sell £15,000 worth BUT i was buying when it dropped 2 weeks ago and average @ £6600 (yes i had a chance to sell at a profit BUT was being greedy and waiting for £8k/BTC.

It's hovering around £6460. I

Cheers guys


EDIT - Verification has just been accepted by Binance Jersey 'You may now proceed to deposit, trade, and withdraw with Binance Jersey.'

Obviously i will be making a lot of smaller sells as they are a higher rate.

BUT i can't seen to get my head around how i would compare the actual amount of BTC i need to sell  for a set amount of cash i require.