Topic: Turning Bitcoin into ££££ - page 2. (Read 835 times)
Coinbase is collaborating with big bank in the UK and Europe. The bitcoin/fiat conversion difficult should be solved soon. Meanwhile you can sell your coin on some European exchange or look for peer to peer website for sale of your coin.
You need to find one of the exchanges that allows FIAT pairs and funding both in and out. Coindesk is one choice for you if you are based in the UK or the EU, Kraken you can use globally.
You can sell through litebit.eu. It's a merchant who sells and buys crypto currencies and sends the money to your bank account. I have bought cryptos several times from them and they seem to be honest (located in Netherlands).
I'm not familiar on this trading, exchange Bitcoin into pounds. hopefully anyone in the crypto community will provide as basic ideas or knowledge regarding on this. I'm interested to learn and understand the principles, it would be a great help for me. Thank you!
You can sell Bitcoin,Ethereum,ripple,Bitcoin Cash into Fiat money by using this site---- www.Cex.io. They first trade the Cryptos which i told you to fiat money and then you can transfer it to your Visa,Mastercard and debit/Credit cards. Its a very nice site.
And the site also support trading with GBP.
And the site also support trading with GBP.
Hi,
There are two main solutions, and these solutions are available for most existing fiat currencies:
- Either you go on a dedicated echange platform. Even if your currency is not on the available list, you can surely turn bitcoin for dollars and then.. well in your country you can go to any exchange shop.
- Or you can go on websites allowing you to be put in contact with people near you, that are ready to give you cash in exchange for bitcoin.
Both solutions are quite safe. The first one is easier, the second one less expensive (especially if you have to deal with dollars, because you will pay twice an exchange fee).
There are two main solutions, and these solutions are available for most existing fiat currencies:
- Either you go on a dedicated echange platform. Even if your currency is not on the available list, you can surely turn bitcoin for dollars and then.. well in your country you can go to any exchange shop.
- Or you can go on websites allowing you to be put in contact with people near you, that are ready to give you cash in exchange for bitcoin.
Both solutions are quite safe. The first one is easier, the second one less expensive (especially if you have to deal with dollars, because you will pay twice an exchange fee).
you should use a crypto exchange that supports GBP.
Instead of converting your Bitcoins to real currencies like Euros, you can convert it into stable coins like TUSD or TEURO. Which will be easy to hedge your risk whenever you want.
What’s the best way to turn crypto into pounds uk?
I know you prob get asked this a lot but I’m finding it hard to find the best way to do this. Can anybody help me out thanks?
I know you prob get asked this a lot but I’m finding it hard to find the best way to do this. Can anybody help me out thanks?
I don't think there is any kind of wallet where you can convert your bitcoins into pounds. You can use any local crypto agent or dealer who can exchange the bitcoin with you in your local currency pounds. Even you can use of localbitocins.com where you can find the right guy who can make your problem solved. But be careful while dealing with the person whom you don't know, so only exchange your bitcoin with them whom you personally know or you approach them if there is any problem.
There is a limit beyond which people will not pay either for tulip bulbs or for bitcoins. At some point, some of the holders of currencies will decide that the price is already high enough - and you need to sell.
I don't really understand what you are asking. but if you want to benefit from bitcoin or crypto, you can either invest or trade. try to find more knowledge about bitcoin, investment and market. maybe you will get a lot of understanding and knowledge.
What’s the best way to turn crypto into pounds uk?
I know you prob get asked this a lot but I’m finding it hard to find the best way to do this. Can anybody help me out thanks?
Try to sell it at localbitcoins.com. Also, you can always exchange your bitcoins more efficiently by converting them into dollars and then converting the dollars you get into pounds which is more legally accepted. I know you prob get asked this a lot but I’m finding it hard to find the best way to do this. Can anybody help me out thanks?
I guess you could try to use coinfloor.co.uk - which is an UK based exchange. If I remember well they are mentioning that they do change BTC into UK Pounds.
I don't think the gold broker is going to just sit there and let you run a few million quid through their operation. They'll stop you at a few tens of thousands of pounds.
Even for buying or selling smaller amounts of gold you will need to show a passport and they will file a form to HMRC. I've done that before and it was a requirement for a 100g bar (about $1,500 at the time IIRC).
You can also buy gold using Bitcoin, then sell the metal back to the broker and gain instant liquidity into ££ in London.
I don't think the gold broker is going to just sit there and let you run a few million quid through their operation. They'll stop you at a few tens of thousands of pounds.
For reasonable amounts I'd do Localbitcoins. For large amounts I'd do OTC like Genesis Trading or Coinfloor. I don't think I'd bother with any exchange considering how many hoops you have to jump through to route the money from abroad.
Localbitcoins is easily the most known way, and probably the safest too as they act as an escrow for the funds. On Localbitcoins you will also see businesses that buy bitcoins for a regular amount, and you can often perform the transaction at their branch for your security.
Alternatively, check out the currency exchange section in the marketplace, you can typically find someone to do a cash transaction in the UK.
Alternatively, check out the currency exchange section in the marketplace, you can typically find someone to do a cash transaction in the UK.
You could also ask around to find a local Bitcoin meetup in your area. I have built some very good relations with people I have
met at these meetups and I bought and sold a lot of coins this way. You start with small trades and work your way up as the
trust between the parties are established. We even became friends and visit local pubs in the area, when I am in town. Many
late nights and bitcoins spend on these visits.
met at these meetups and I bought and sold a lot of coins this way. You start with small trades and work your way up as the
trust between the parties are established. We even became friends and visit local pubs in the area, when I am in town. Many
late nights and bitcoins spend on these visits.
in coinbase you can convert to gbp. if you dont want to use coinbase, you can order XAPO. It offers gbp card.
What’s the best way to turn crypto into pounds uk?
I know you prob get asked this a lot but I’m finding it hard to find the best way to do this. Can anybody help me out thanks?
Register on the English stock exchange. Buy and sell Crypto currency for pounds. I know you prob get asked this a lot but I’m finding it hard to find the best way to do this. Can anybody help me out thanks?
There is no such thing as a wallet that was invented in my mind but I think there are so many ways to buy bitcoin from what you are looking for wallet that you just search on google. Okay, you have to ask questions in this forum because I think you can find it because I still do not know that there is such a wallet so it's possible to have such a place in your area.
Meet people off the forums, localbitcoins, paxful, through social media, gumtree, etc. Now most will be sketchy but if you do it just right (plus charge the extra 10-30% and have the correct safety precautions, you'll be all good to go). It's a lot of money, cheers mate
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