Topic: Sell your bitcoins for UK bank transfer (GBP) (Read 151 times)
Would you like an easy and painless way to sell your bitcoins in the United Kingdom?
Cloud Sell has existed for a while now, but I think it deserves a mention here also, since not many people in the UK know about it. BitBargain is better known for selling crypto rather than buying it.
You just choose how much you want to sell, at what unit price (0% or market price is the highest you can ask) and how low you are willing to go.
As soon as you have posted the offer, the amount is reserved from your wallet and the sellers get a notification on IRC as well as on their "seller central" page. They keep getting notified of your offer periodically as long as it's up. The unit price listed will move with the market.
Since BB sellers sell all the time and typically buy their coins from exchanges anyway, it's much more convenient and cheaper for them to buy your coins first before they go to the exchanges. In practice this means that your coins will get picked up rather quickly, by traders who are reliable and have gone through rigorous ID verification. The type of people we have always been able to rely on to send a refund in case of any problems, despite no escrow.
You do not need to be ID verified to sell your coins, but you do need to provide your personal details and verify your bank account (which we check through Equifax, or if it fails using a card photo showing the sort code and account number as a fallback).
The higher the amount you want to sell in one bunch, the less sellers will have access to buy it. Their ability to buy from Cloud Sell offers depends on their reputation and their recent escrowed trading volume. The most reliable sellers can buy even 10K GBP worth of coins while new sellers with not much reputation may be restricted to much smaller amounts.
Cloud Sell has worked reliably for the last couple of months and coins put up get bought fairly quickly, even at 0% (except when the price drops and the minimum limit set turns the markup into a positive value).
The commission on completed Cloud Sell sales is: 0.5%, paid by the person selling the coins.
To list an offer, visit https://bitbargain.co.uk/cloudsell
Cloud Sell has existed for a while now, but I think it deserves a mention here also, since not many people in the UK know about it. BitBargain is better known for selling crypto rather than buying it.
You just choose how much you want to sell, at what unit price (0% or market price is the highest you can ask) and how low you are willing to go.
As soon as you have posted the offer, the amount is reserved from your wallet and the sellers get a notification on IRC as well as on their "seller central" page. They keep getting notified of your offer periodically as long as it's up. The unit price listed will move with the market.
Since BB sellers sell all the time and typically buy their coins from exchanges anyway, it's much more convenient and cheaper for them to buy your coins first before they go to the exchanges. In practice this means that your coins will get picked up rather quickly, by traders who are reliable and have gone through rigorous ID verification. The type of people we have always been able to rely on to send a refund in case of any problems, despite no escrow.
You do not need to be ID verified to sell your coins, but you do need to provide your personal details and verify your bank account (which we check through Equifax, or if it fails using a card photo showing the sort code and account number as a fallback).
The higher the amount you want to sell in one bunch, the less sellers will have access to buy it. Their ability to buy from Cloud Sell offers depends on their reputation and their recent escrowed trading volume. The most reliable sellers can buy even 10K GBP worth of coins while new sellers with not much reputation may be restricted to much smaller amounts.
Cloud Sell has worked reliably for the last couple of months and coins put up get bought fairly quickly, even at 0% (except when the price drops and the minimum limit set turns the markup into a positive value).
The commission on completed Cloud Sell sales is: 0.5%, paid by the person selling the coins.
To list an offer, visit https://bitbargain.co.uk/cloudsell
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