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Author Topic: Is it me! (newbie)  (Read 404 times)
pongo702 (OP)
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August 28, 2024, 09:02:45 AM
 #1

Hello folks,
                  I am in the UK using an android smart phone (not that smart), installed the app etc, when I go onto youtube , to look and learn, it seems to me, everyone on the planet has a different wallet layout, ie, I have no Sell, no Cash out, support said Coinbase is unable to offer cash currency wallet services such as cashing out. Since you can't add a bank, you can sell your crypto for fiat currency using PayPal. If you prefer not to use PayPal, you have the option to send your crypto to another exchange. How am I supposed my money.  Huh Thanks for any advice  Wink
OmegaStarScream
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August 28, 2024, 09:09:42 AM
Merited by hugeblack (4), pooya87 (2), The Cryptovator (2), albon (2), BlackBoss_ (1)
 #2

If Coinbase does not offer these services in the UK. You can just withdraw your bitcoin to somewhere else to that does.

Maybe you can try Kraken. See here[1] and also see[2] to check the supported withdrawal methods for GBP.

[1] https://www.kraken.com/convert/btc/gbp
[2] https://support.kraken.com/hc/en-us/articles/360000423043-Cash-withdrawal-options-fees-minimums-and-processing-times-

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pongo702 (OP)
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August 28, 2024, 09:16:48 AM
 #3

Thank's, I'm heading over to Kraken now, cheers.
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August 28, 2024, 10:17:59 AM
 #4

Have you tried to checked if there could be alternative means for users in the UK. Just as @OmegaStarScream had said, you can do your research apart from kraken and pick for yourself an exchange with good  reputation for your use, and also while you do that don't fail to take security of your funds into consideration to avoid mistakes that could amount to a loss.

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August 28, 2024, 10:46:33 AM
 #5

Hello folks,
                  I am in the UK using an android smart phone (not that smart), installed the app etc, when I go onto youtube , to look and learn, it seems to me, everyone on the planet has a different wallet layout, ie, I have no Sell, no Cash out, support said Coinbase is unable to offer cash currency wallet services such as cashing out. Since you can't add a bank, you can sell your crypto for fiat currency using PayPal. If you prefer not to use PayPal, you have the option to send your crypto to another exchange. How am I supposed my money.  Huh Thanks for any advice  Wink
Op your whole writeup is quite vague. I had  to read it several times before I could get a glimpse of what you were trying to express. Firstly Op coin base may not be available in your country or probably their being restricted to offer certain services in your region. Similarly to how one of the biggest centralised exchanges binance is available in Nigeria however they don't offer P2P services in Nigeria. If the funds you have there are in fiat you can consider moving it to another exchange or banking app in your region.
If the funds are in form of coins probably bitcoin, you should consider moving them to a safe wallet where you have control over the keys probably something like ELECTRUM if it's bitcoin. Also if you wish to swap those fiat for a particular crypto currency like bitcoin you can do that here on the forum with a reputable member.

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SilverCryptoBullet
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August 28, 2024, 10:57:57 AM
 #6

                 I am in the UK using an android smart phone (not that smart), installed the app etc, when I go onto youtube , to look and learn, it seems to me, everyone on the planet has a different wallet layout, ie, I have no Sell, no Cash out, support said Coinbase is unable to offer cash currency wallet services such as cashing out.
You can introduce you this website https://exchangewar.info/.

It can help you to find exchanges with trading pairs for British pound sterling. On top of the site, you can choose the fiat currency icon and pick the one for Pound Sterling. It directs you to this page https://exchangewar.info/coinprice?btc_gbp

You will be given some exchanges.

Another one is Bestchange. https://www.bestchange.com/bitcoin-to-pound-cash.html
Stalker22
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August 28, 2024, 09:18:53 PM
Merited by Pmalek (2)
 #7

Thank's, I'm heading over to Kraken now, cheers.

Before you switch exchanges again, make sure you grasp the basics of how this stuff works.  It seems like maybe youre still trying to wrap your head around some core concepts.  Coinbase isnt a traditional bank where you show up and cash out your account.  Its an online trading platform where you can buy and sell different cryptocurrencies.  If you wanna get money back into your bank account, you need to sell some crypto first.  Then you can withdraw the fiat depending on which withdrawal methods are available on the platform.

Theres a ton of exchanges out there to pick from nowadays.  But dont expect them to operate radically different.  They all have their own features and limitations. Do some more reading so you really understand this stuff.  Jumping around while youre still learning is just gonna make it more confusing.

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August 28, 2024, 09:29:05 PM
 #8

Hello folks,
                  I am in the UK using an android smart phone (not that smart), installed the app etc, when I go onto youtube , to look and learn, it seems to me, everyone on the planet has a different wallet layout, ie, I have no Sell, no Cash out, support said Coinbase is unable to offer cash currency wallet services such as cashing out. Since you can't add a bank, you can sell your crypto for fiat currency using PayPal. If you prefer not to use PayPal, you have the option to send your crypto to another exchange. How am I supposed my money.  Huh Thanks for any advice  Wink

All these are part of the consequences that you may have to face each time you're making use of a centralized exchange for p2p, i will advise that as long as you can be able to move your asset out from the custody you have it, you may try the use of a decentralized exchange for that, this is the first opinion i may offer, secondly, you can as well make use of some accredited escrow service provides for physical exchanges when you have a buyer or they have one for you.


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August 28, 2024, 11:27:56 PM
 #9

Op your whole writeup is quite vague. I had  to read it several times before I could get a glimpse of what you were trying to express.
I had thought that every resident of UK can use the English language very well  Grin.
However, someone was able to understand OP very well and suggested Kraken and OP gladly accepted the suggestions. Let's be hopeful that OP will return here to say whether or not they succeeded.

R


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Findingnemo
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August 29, 2024, 07:28:09 AM
 #10

If Coinbase does not offer these services in the UK. You can just withdraw your bitcoin to somewhere else to that does.

Coinbase allows people from UK to buy and sell on coinbase.

Available payment methods- UK


Perhaps OP installed coinbase wallet instead of coinbase exchange app that leads to all these confusion?

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August 29, 2024, 07:51:41 AM
 #11


I had thought that every resident of UK can use the English language very well  Grin.
However, someone was able to understand OP very well and suggested Kraken and OP gladly accepted the suggestions. Let's be hopeful that OP will return here to say whether or not they succeeded.
Probably he's not actually from the UK since he said he lives there, maybe a possibility that he's from somewhere else but moved to the UK cause that really explains the disjointed English.

 I also hope he gets what he's looking for and comes to give a feedback since most of them usually just come for suggestions and never come back when the information must have helped them.

 
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August 29, 2024, 11:41:52 PM
 #12

So it wasn’t you then in the end. Perhaps it’s too early to speculate on that but,

Thank's, I'm heading over to Kraken now, cheers.
you do that with Kraken and be back to Inform the rest of us.
Mind you, choose networks that belong to the same blockchain and should you be co fused about the withdrawal process, you’ve got users here for help.

When it’s all done, you could go ahead to lock the thread.
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August 30, 2024, 09:27:49 AM
 #13

Back again,
                 I deposited £5 in kraken, just to have a look around, I tried to import my wallet from coinbase wallet, to be told I need to deposit £0.02 in BNB, I purchased some BNB, where that's gone I've no idea. I bought some bitcoin in 2017, forgot all about it and suddenly came across it, and it's my good fortune that I did ££££, that is how I've been plunged into the world of crypto, I'm a pensioner and am only a two finger typist, so this is all very new, got to go now, but I'll keep you updated, I fear this is going to be a long journey  Huh
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August 30, 2024, 12:20:42 PM
 #14

I fear this is going to be a long journey  Huh
It surely looks like you're definitely going to have a long walk on this. I hope you find help as quick as you can on what could be wrong. How else can someone explain the fact that an app is asking one to transfer a certain amount of coin before allowing one import one's seedphrase or so? It's likely there's something fishy going on. Perhaps, it's a criminal app you're dealing with. You've to be sure you're using the genuine Coinbase app.

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August 30, 2024, 12:24:44 PM
 #15

To me it's a lot of money, is it feasible to download the American version?
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August 30, 2024, 08:10:48 PM
 #16

Hello folks,
                  I am in the UK using an android smart phone (not that smart), installed the app etc, when I go onto YouTube , to look and learn, it seems to me, everyone on the planet has a different wallet layout, ie, I have no Sell, no Cash out, support said Coinbase is unable to offer cash currency wallet services such as cashing out. Since you can't add a bank, you can sell your crypto for fiat currency using PayPal. If you prefer not to use PayPal, you have the option to send your crypto to another exchange. How am I supposed my money.  Huh Thanks for any advice  Wink
simply use the option of pay pal or you try checking on YouTube to see other options that are available in the UK, its very normal that in some countries, certain services may not be available just like you are experiencing, the best solution to such is usually to get a service similar to that which you are looking for in such country and then use them, i know for sure crypto isn't prohibited in the UK to there should be people or exchanges that offers crypto services there where you can send your assets to the other wallets and make the withdrawals you wish to but asides you can use the PayPal if you have got one.

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August 30, 2024, 10:20:01 PM
 #17

What you need as a newbie is to kill every tendency of being in rush to do things since cryptocurrency world could be somewhat difficult for a newbie to easily understand, but then I think coinbase is one of the most popular cryptocurrency excahges around the UK and I am not sure if their have stopped cash bank withdrawal in that region.

But even if that is the case, don't rush to choose another exchange, what I can advice you to do is that, try to get in touch with other cryptocurrency community members around your region, so that they can give you a first hand suggestions instead asking online like this, because that way you will be dealing with someone that have your remote kind of experience, who's suggestion can help you to achieve your goals easily and directly.

 
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August 30, 2024, 10:46:29 PM
 #18

Back again,
                 I deposited £5 in kraken, just to have a look around, I tried to import my wallet from coinbase wallet, to be told I need to deposit £0.02 in BNB, I purchased some BNB, where that's gone I've no idea.
Both Kraken and Coinbase are centralized exchanges, and in such exchanges you neither have a seed phrase nor a private key, so how are you trying to import your wallet from Coinbase to Kraken? What you are talking about is somewhat confusing to me. TBH, you need to be clearer so we can understand you and help if possible.
To me it's a lot of money, is it feasible to download the American version?
American version of what?

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pongo702 (OP)
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August 31, 2024, 12:30:26 AM
 #19

Sorry, Coinbase wallet.
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August 31, 2024, 11:38:55 AM
 #20

Some more information for OP.

Guide on finding centralized exchanges by nation, fees.

Another website is https://blockspot.io/exchange/. With this site, you can use the second column that is for Search Exchange.
Type the nation name, for example United Kingdom, and you will have a list of exchanges. Choose Show from a default value 25 to All to see all available exchanges in the UK.

A last website is https://cryptoradar.com/
How to use this one?
On top of the website, click on the Language icon, then you can choose Country and Fiat currency.
Click on tab exchange https://cryptoradar.com/exchanges
And you will be given list of exchanges in the UK.
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