I would wait a few more weeks until Coinbase gets faster payments via Barclays for GBP. That should be pretty soon now.
I'm not sure I've ever seen anyone say they use Coinsbank in my entire life.
And I think the Coinbase default limit is about £100,000 per year. I dunno what you need to do to get above that.
Topic: Best Exchange to Withdraw Money to UK Bank? - page 2. (Read 326 times)
I think coinsbank also will require ID verification for trading and withdrawing GBP or any fiat as well. That's pretty much the policy of all crypto exchanges that also deals with fiat now because of the regulatory pressures. But both GDAX and Coinsbank(Bit-x formerly) are trusted exchanges so you shouldn't have an issue with security of provided ID docs.
Look into localbitcoins if you are able to sacrifice around 3% of the total amount for the convenience of no KYC. Plenty of offers available: https://localbitcoins.com/instant-bitcoins/?action=sell&country_code=GB&amount=¤cy=GBP&place_country=GB&online_provider=ALL_ONLINE&find-offers=Search
Look into localbitcoins if you are able to sacrifice around 3% of the total amount for the convenience of no KYC. Plenty of offers available: https://localbitcoins.com/instant-bitcoins/?action=sell&country_code=GB&amount=¤cy=GBP&place_country=GB&online_provider=ALL_ONLINE&find-offers=Search
Thank you for the reply. KYC and AML would not be a problem but I asked because of limits some exchanges place.
About Coinbase, if someone cashes out 1 or 10 or 100 or 1000 Bitcoin would that transaction go through without having any daily/weekly/monthly limits applied? In other words, would the full value be transferred to the bank in one go regardless of the amount?
Kraken and Coinbase use EURO currency not GBP when having coins exchanged and sent to a UK bank account. Which has the best conversion rates/fees and is the easiest exchange to use?
Which is the quickest when dealing with AML/KYC paperwork?
Which is the quickest when dealing with AML/KYC paperwork?
Pretty sure that coinbase/gdax will request paperwork for any sum of fiat to be involved, whether depositing or withdrawing. Quoting from their site:
Quote
GDAX requires two identity verification steps for all customers. These verifications are requested during the on-boarding process and are required prior to depositing funds or trading.
I think coinsbank also will require ID verification for trading and withdrawing GBP or any fiat as well. That's pretty much the policy of all crypto exchanges that also deals with fiat now because of the regulatory pressures. But both GDAX and Coinsbank(Bit-x formerly) are trusted exchanges so you shouldn't have an issue with security of provided ID docs.
Look into localbitcoins if you are able to sacrifice around 3% of the total amount for the convenience of no KYC. Plenty of offers available: https://localbitcoins.com/instant-bitcoins/?action=sell&country_code=GB&amount=¤cy=GBP&place_country=GB&online_provider=ALL_ONLINE&find-offers=Search
https://support.coinbase.com/customer/en/portal/articles/2488658-how-do-i-sell-or-%22cash-out%22-my-digital-currency-
Does anybody know if there are any limitations to cash out to a bank?
If someone cashes out 1 or 10 or 100 or 1000 Bitcoin would that transaction go through without having any daily/weekly/monthly limits applied?
Does anybody know if there are any limitations to cash out to a bank?
If someone cashes out 1 or 10 or 100 or 1000 Bitcoin would that transaction go through without having any daily/weekly/monthly limits applied?
Gdax.com (by Coinbase) shows a BTC/GBP pair. Alternatively, you could try CoinsBank. I've used their services on the past and I don't have much complaints.
Thank you
Never heard of CoinsBank so will check them out. Please let me know as far receiving GBP in UK bank as far as fees, exchange rate and final amount received is concerned which is best in your experience?
I contacted Kraken and was told they send EURO to UK customers though they have a $2000 daily and $10,000 monthly limit available to withdraw without AML/KYC and ID verification.
Does Coinbase direct (or Gdax) have a limit you can withdraw without AML/KYC and what are their limits after ID has been verified?
Gdax.com (by Coinbase) shows a BTC/GBP pair. Alternatively, you could try CoinsBank. I've used their services on the past and I don't have much complaints.
Kraken and Coinbase use EURO currency not GBP when having coins exchanged and sent to a UK bank account. Which has the best conversion rates/fees and is the easiest exchange to use?
Which is the quickest when dealing with AML/KYC paperwork?
Which is the quickest when dealing with AML/KYC paperwork?
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