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Author Topic: Selling small quantities of bitcoins for GB Pounds  (Read 1174 times)
simc
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January 14, 2012, 12:38:59 PM
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What are my options for selling my mined bitcoins and receiving payment in pounds.  MTGox and tradehill seem to have very high fees for wire transfer, I've looked at britcoin(intersango) and the no fee appeals but I'm worried they don't have much liquidity are there any other options.

Additionally I was thinking about trading, could I register a dwolla account to transfer to/from MtGox and Tradehill, this service is US only at the moment but do they check the address you enter?

Thanks for helping
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tinman951
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January 14, 2012, 05:52:08 PM
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What are my options for selling my mined bitcoins and receiving payment in pounds.  MTGox and tradehill seem to have very high fees for wire transfer, I've looked at britcoin(intersango) and the no fee appeals but I'm worried they don't have much liquidity are there any other options.

Additionally I was thinking about trading, could I register a dwolla account to transfer to/from MtGox and Tradehill, this service is US only at the moment but do they check the address you enter?

Thanks for helping
Who cares about your physical address. What they will use is your IP address.  That is hard to fake.  Unless you use a proxy server in the U.S.  Or other higher technology.

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simc
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January 14, 2012, 06:19:26 PM
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Oh good point do they check that.  I've fount Tor quite helpful for registering for US sites in the past, it's not quick but it is free.
tinman951
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January 14, 2012, 06:35:24 PM
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"Dwolla is only available for use in the United States. If a user is unable to provide a valid US address, phone number and bank account Dwolla reserves the right to permanently suspend an account."
--Dwolla SLA

It looks like you might also need a U.S. bank as well.
In reality the IP address is the only thing that they can check regularly.

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Stephen Gornick
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January 15, 2012, 07:02:41 AM
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It looks like you might also need a U.S. bank as well.

They don't require that you link a bank account. Dwolla can be used for transfers to other Dwolla accounts without adding funds from a bank or withdrawing funds to a bank.

They do, however, only serve those in the U.S.  It is possible an account hold will be placed and you would receive a request to verify your identity.

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January 15, 2012, 07:10:46 AM
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I've looked at britcoin(intersango) and the no fee appeals

Intersango now support Paxum transfers:
 - http://bitcointalk.org/index.php?topic=58686

tlhonmey
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January 20, 2012, 12:04:23 AM
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bitcoinmap.com shows a number of people in Britain who may be interested in selling locally for cash as well.

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nmat
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January 20, 2012, 01:15:52 AM
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What are my options for selling my mined bitcoins and receiving payment in pounds.  MTGox and tradehill seem to have very high fees for wire transfer, I've looked at britcoin(intersango) and the no fee appeals but I'm worried they don't have much liquidity are there any other options.

Additionally I was thinking about trading, could I register a dwolla account to transfer to/from MtGox and Tradehill, this service is US only at the moment but do they check the address you enter?

Thanks for helping

If you are dealing with small amounts why are you worried about liquidity? Intersango has free trades, free deposits/withdrawals in the UK and they have a considerable volume. It seems like the obvious choice to me. Not everyone is lucky enough to have a bitcoin exchange in their country...
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January 20, 2012, 05:50:57 AM
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What are my options for selling my mined bitcoins and receiving payment in pounds.  MTGox and tradehill seem to have very high fees for wire transfer, I've looked at britcoin(intersango) and the no fee appeals but I'm worried they don't have much liquidity are there any other options.

Additionally I was thinking about trading, could I register a dwolla account to transfer to/from MtGox and Tradehill, this service is US only at the moment but do they check the address you enter?

Thanks for helping

If you are dealing with small amounts why are you worried about liquidity? Intersango has free trades, free deposits/withdrawals in the UK and they have a considerable volume. It seems like the obvious choice to me. Not everyone is lucky enough to have a bitcoin exchange in their country...

Yeah I trade a lot with GBP on both Gox and Intersango. I'd say go with Intersango definitely. Its plenty liquid enough and tracks the USD price of Gox (the most liquid exchange) very very closely.

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