Best exchange in UK for selling BTC for fiat.

[Leahhhh]

Which exchange in the UK is considered most reliable and also which ones allow you to withdraw fiat after you have sold some BTC? TIA. (If this question isn't in the correct section, please move it to where it needs to be).

[OmegaStarScream]

Kraken, Coinbase are the most popular options. There are some other ones that works in the UK only I believe, like CoinCorner but it's not as big as the two previous ones.

I suggest you read their FAQ, etc. before doing anything to make sure the withdrawal time and used payment methods suits you.

[Leahhhh]

Kraken, Coinbase are the most popular options. There are some other ones that works in the UK only I believe, like CoinCorner but it's not as big as the two previous ones.

I suggest you read their FAQ, etc. before doing anything to make sure the withdrawal time and used payment methods suits you.

Thanks for your reply. I have been looking at eToro to see if it would be suitable. I would hope that all of them have a customer service number where you can speak to an actual human if you have a problem.

[Leahhhh]

Also will I have to provide proof of where my BTC came from? Previously, I used the broker BCBitcoin and I had to show this because I am in the UK. Is the norm for the exchanges too?

[OmegaStarScream]

Kraken, Coinbase are the most popular options. There are some other ones that works in the UK only I believe, like CoinCorner but it's not as big as the two previous ones.

I suggest you read their FAQ, etc. before doing anything to make sure the withdrawal time and used payment methods suits you.

Thanks for your reply. I have been looking at eToro to see if it would be suitable. I would hope that all of them have a customer service number where you can speak to an actual human if you have a problem.

Coinbase does have a phone number to reach out to, but I think it's only for when your accounts get locked.

https://help.coinbase.com/en/coinbase/privacy-and-security/account-compromised/my-account-was-compromised

Kraken seems to have a 24/7 live chat as well:

https://www.kraken.com/features/24-7-support

eToro is mostly known for stocks. It's not really as popular for crypto.

As to your last question and whether you need to provide the source of income, then they might ask you that but not necessarily.

But be ready to provide anything, especially if you're planning to deal with large sums.

[Perfectbaby]

Kraken, Coinbase are the most popular options. There are some other ones that works in the UK only I believe, like CoinCorner but it's not as big as the two previous ones.

I suggest you read their FAQ, etc. before doing anything to make sure the withdrawal time and used payment methods suits you.

Binance doesn't operates in UK?
I have came across few people asking similar questions and Binance wasn't listed to them, meanwhile within my locality here It our Number trusted exchange even p2p has trade gas been disabled yet we still have lot of people using it to trade maybe after they finished and want some Cash they do transfer to other exchange that allows p2p trade to do their fiat trading.

[examplens]

Which exchange in the UK is considered most reliable and also which ones allow you to withdraw fiat after you have sold some BTC? TIA. (If this question isn't in the correct section, please move it to where it needs to be).

As far as I remember, cex.io is an exchange from the UK.
One of the older exchanges, probably the trading volume is not at the level of big ones like Binance or Bybit, but they were certainly competitive. I used them before and I know that the withdrawal was almost instant.
However, first of all, better investigate yourself and make a decision based on that.

[Leahhhh]

Thanks for your replies everyone. Think I will open accounts with several and start the KYC process. While that's happening I'll look more closely at them & decide which is best for me.

[OmegaStarScream]

Thanks for your replies everyone. Think I will open accounts with several and start the KYC process. While that's happening I'll look more closely at them & decide which is best for me.

The KYC process usually doesn't take that much time. My advice would be to try and use as few exchanges as possible if you can do so. There is no advantage to giving your personal details to different platforms to then only use one of them.

[Marvell1]

Kraken, Coinbase are the most popular options. There are some other ones that works in the UK only I believe, like CoinCorner but it's not as big as the two previous ones.

I suggest you read their FAQ, etc. before doing anything to make sure the withdrawal time and used payment methods suits you.

Binance doesn't operates in UK?
I have came across few people asking similar questions and Binance wasn't listed to them, meanwhile within my locality here It our Number trusted exchange even p2p has trade gas been disabled yet we still have lot of people using it to trade maybe after they finished and want some Cash they do transfer to other exchange that allows p2p trade to do their fiat trading.

Since Binance was sued by the US government, they have also had a lot of trouble with the European market. Some countries have revoked licenses, some have banned them...so Binance is no longer a name mentioned much or a popular choice for investors, instead Coinbase and Kraken are more popular choices.

Binance is now more active in Asia, Africa, and Latin America. So, if you are from these regions, it is no surprise that Binance is considered the top and most popular choice.
What is more interesting is that despite the difficulties that the US and Europe have caused Binance, they still hold the top position in the market and account for more than 50% of the market's trading volume. So, it would be remiss if we didn't mention Binance when talking about top trusted exchanges.


This September, Binance also hit a major milestone when it became the first exchange to process over 100 trillion cryptocurrency transactions, double the capitalization of the US stock market.



https://cryptoslate.com/binance-leads-the-pack-with-100-trillion-in-all-time-trade-volume/

[Z-tight]

Also will I have to provide proof of where my BTC came from?

It can always happen in any centralized exchange, they can always confiscate funds and ask for more information, such as source of funds. However, you may not have to worry about that if your funds isn't coming from a mixer or a coinjoin transaction, these are some of the things that trigger centralized exchanges to ask for info about a tx.

Take note that it is not cool to open so many accounts on different centralized exchanges, because it means your personal data will be in the hands of so many services.

[Trêvoid]

Hi, other platforms like CoinCorner and eToro may also be suitable alternatives instead of Coinbase and Kraken.

Note that for larger transactions could be mandatory to providing proof of identity and source of funds.

[Leahhhh]

Also will I have to provide proof of where my BTC came from?

It can always happen in any centralized exchange, they can always confiscate funds and ask for more information, such as source of funds. However, you may not have to worry about that if your funds isn't coming from a mixer or a coinjoin transaction, these are some of the things that trigger centralized exchanges to ask for info about a tx.

Take note that it is not cool to open so many accounts on different centralized exchanges, because it means your personal data will be in the hands of so many services.

I don't actually know what a mixer or a coinjoin transaction is lol. Can you explain please? Thanks.