Withdrawing to UK Bank Account | Bitcointalksearch.org

Z_MBFM

sr. member

Activity: 350

Merit: 262

Quote from: El Salvador on October 18, 2023, 06:46:29 AM

Hi, I'm trying to withdraw my bitcoin to a UK bank account. I've tried Binance and Coinbase and neither offer the service. Does anyone know which platform I can use to convert BTC to GBP and withdraw to a UK bank account or credit/debit card?

If you sell your crypto like USDT, BTC, BNB on Binance for Fiat money then you have to use P2P service. then you will able to sell thought bank transfer too. but you cannot sell your crypto for GBP directly to Binance. But if you use p2P then you will get many options to receive your payment there is also option to withdraw money in Bank.

Payment methods with a star symbol are commonly used and are commonly used for transactions on Binance p2p for GBP. Which you can do too

El Salvador

newbie

Activity: 2

Merit: 1

Finally completed the withdrawal via Bitstamp. Thanks a lot for all your help, much appreciated.

cryptoaddictchie

legendary

Activity: 2044

Merit: 1315

Well if yout bank isnt on the list on GBP p2p on Binance then might open a bank account that supports mostly the one being used there. Since they no longer allowed withdrawals to Uk via currency then P2P is still your best option like what Bitmax said. Im sure you have other choices like remitanance app or supported finance company and not just the bank account.

cafter

full member

Activity: 448

Merit: 222

There are 2 Options to convert Crypto to fiat

1. Exchanges
2. P2P (peer-to-peer)

Quote from: https://www.binance.com/hu/feed/post/305364

Binance has suspended deposit and withdrawal services for UK customers using bank transfers and card payments due to the cessation of support for transactions in British pounds by its local banking partner.][/url]Binance has suspended deposit and withdrawal services for UK customers using bank transfers and card payments due to the cessation of support for transactions in British pounds by its local banking partner.

It seems you might not be familiar with the second option, which involves peer-to-peer (P2P) transactions. In this method, you send your cryptocurrency to an actual user, and they, in turn, transfer GBP to your bank account or another available payment method.
Binance P2P Newbie Guide

OmegaStarScream

staff

Activity: 3402

Merit: 6065

Quote from: El Salvador on October 18, 2023, 06:46:29 AM

Hi, I'm trying to withdraw my bitcoin to a UK bank account. I've tried Binance and Coinbase and neither offer the service. Does anyone know which platform I can use to convert BTC to GBP and withdraw to a UK bank account or credit/debit card?

As mentioned above, P2P is one way to do it but then it depends on which bank you're using. If you have an account with Revolut for example, then I probably wouldn't suggest doing so. There is a high chance that they'll freeze your account. This is a post I was reading earlier:

https://www.reddit.com/r/Revolut/comments/179yquk/can_i_get_banned_for_binance_p2p/

Alternatively, you can also try and find a good debit card for the U.K from here. See here: https://bitcointalksearch.org/topic/--5280997

That way, you can just deposit your BTC and withdraw from an ATM.

348Judah

hero member

Activity: 686

Merit: 520

Make use of a p2p network using any reputable exchange to do that, you don't have to go along way in search through or better still use bitstamp for it, I want to also agree with you that you're not making such withdrawal in other to hold your asset in fiat rather than bitcoin, i learnt that many countries don't allow this with the use of their commercial bank, except if bitcoin is legally allowed to be used by banks in countries involved, your beet plug in this is through the use of a p2p network without stress.

BitMaxz

legendary

Activity: 3206

Merit: 2904

Block halving is coming.

Have you tried the P2P on Binance?
Binance is no longer able to process withdrawals and deposits for UK customers but I think the P2P option would work.

If you are using a mobile phone and installed a Binance app you should be able to find the P2P option under trade tab but you won't be able to trade there without transferring your crypto to funding and also change the currency to GBP I checked just now there are many offers on GBP currency.

bitmover

legendary

Activity: 2212

Merit: 5622

Non-custodial BTC Wallet

You can use bitstamp

https://www.bitstamp.net/markets/btc/gbp/

They offer gbp markets and withdrawal/deposits.

I use bitstamp since 2017 for Euro and usd, never had any problems.

It is the oldest bitcoin exchange still in activity today.

El Salvador

newbie

Activity: 2

Merit: 1

Hi, I'm trying to withdraw my bitcoin to a UK bank account. I've tried Binance and Coinbase and neither offer the service. Does anyone know which platform I can use to convert BTC to GBP and withdraw to a UK bank account or credit/debit card?

Topic: Withdrawing to UK Bank Account (Read 79 times)