Discussion
rufusgti said:
What about selling. Cashing out into £.
I just want to sell some and withdraw the cash while the price is high. But I'm stuck at which platform to start with. Coinfloor account is still suspended even before I've used it.
Hmm. That's not so easy. Coinfloor would probably have been my first choice. I just want to sell some and withdraw the cash while the price is high. But I'm stuck at which platform to start with. Coinfloor account is still suspended even before I've used it.
The most painless is probably to a very established trader on Localbitcoins, but you might wind up with less than you could get on an exchange. Still, it's faster payments.
http://bittybot.co/uk/sell-bitcoins-uk/
There's Kraken, but I'm not totally sure what their GBP status is right now. Quite a few people are opening Euro accounts with Fidor UK and going through Kraken that way. Its EUR markets are the biggest.
bloomen said:
Hmm. That's not so easy. Coinfloor would probably have been my first choice.
The most painless is probably to a very established trader on Localbitcoins, but you might wind up with less than you could get on an exchange. Still, it's faster payments.
http://bittybot.co/uk/sell-bitcoins-uk/
There's Kraken, but I'm not totally sure what their GBP status is right now. Quite a few people are opening Euro accounts with Fidor UK and going through Kraken that way. Its EUR markets are the biggest.
Need to be L3 verified to pay in GBP.The most painless is probably to a very established trader on Localbitcoins, but you might wind up with less than you could get on an exchange. Still, it's faster payments.
http://bittybot.co/uk/sell-bitcoins-uk/
There's Kraken, but I'm not totally sure what their GBP status is right now. Quite a few people are opening Euro accounts with Fidor UK and going through Kraken that way. Its EUR markets are the biggest.
The Spruce goose said:
local bitcoins is pretty fast, you get slightly less but not bad.
coinbase a few fees and in euros but secure, need to set it up though.
Another vote for local bitcoins. That's how I've been cashing out, saves all the KYC bcoinbase a few fees and in euros but secure, need to set it up though.
ks. Get paid by bank transfer within minutes if you deal with a reputable buyer. Sensible if you have significant amounts to spread the risk as well and sell to many.bloomen said:
Hmm. That's not so easy. Coinfloor would probably have been my first choice.
The most painless is probably to a very established trader on Localbitcoins, but you might wind up with less than you could get on an exchange. Still, it's faster payments.
http://bittybot.co/uk/sell-bitcoins-uk/
There's Kraken, but I'm not totally sure what their GBP status is right now. Quite a few people are opening Euro accounts with Fidor UK and going through Kraken that way. Its EUR markets are the biggest.
Thank you. I really want to get verified and set up on an exchange as I still want my foot in the door. I will chase up coinfloor again and see what the issue is. The most painless is probably to a very established trader on Localbitcoins, but you might wind up with less than you could get on an exchange. Still, it's faster payments.
http://bittybot.co/uk/sell-bitcoins-uk/
There's Kraken, but I'm not totally sure what their GBP status is right now. Quite a few people are opening Euro accounts with Fidor UK and going through Kraken that way. Its EUR markets are the biggest.
I remember similar issues when signing up and getting into it in 2012. I'm just surprised things haven't improved a great deal since then. However that was with mtgox and the long timers will know how that ended up!
Exciting times for crypto anyway.
rufusgti said:
Thank you. I really want to get verified and set up on an exchange as I still want my foot in the door. I will chase up coinfloor again and see what the issue is.
I remember similar issues when signing up and getting into it in 2012. I'm just surprised things haven't improved a great deal since then. However that was with mtgox and the long timers will know how that ended up!
Exciting times for crypto anyway.
I know. In many way it's actually worse than it was back then. Once upon a time you could buy directly inside the blockchain.info wallet with Paypal. I assume that's because it was under the radar. I remember similar issues when signing up and getting into it in 2012. I'm just surprised things haven't improved a great deal since then. However that was with mtgox and the long timers will know how that ended up!
Exciting times for crypto anyway.
Gemini.com looks to be the most solid option and they're slowly making their way around the world. Brits can only trade ETH/BTC at present but that's the one I'd use if I could.
Values are now truly soaring, and with institutions like Fidelity actively exploring and promoting the asset, I can't see it stopping anytime soon. https://www.ft.com/content/876ec06c-3f46-11e7-9d56... .
Behemoth said:
Values are now truly soaring, and with institutions like Fidelity actively exploring and promoting the asset, I can't see it stopping anytime soon. https://www.ft.com/content/876ec06c-3f46-11e7-9d56... .
For balance, I can.The price action bears all the hallmarks of a bubble, not to mention the undiluted ramping. Is it really "different this time"...?
WindyCommon said:
Behemoth said:
Values are now truly soaring, and with institutions like Fidelity actively exploring and promoting the asset, I can't see it stopping anytime soon. https://www.ft.com/content/876ec06c-3f46-11e7-9d56... .
For balance, I can.The price action bears all the hallmarks of a bubble, not to mention the undiluted ramping. Is it really "different this time"...?
This post hasn’t aged well......
About to hit $5000?!
Edited by p1stonhead on Thursday 31st August 21:22
The Spruce goose said:
big drop today in the market.
i love how BTC isnt a bubble but everything is. it there is a big drop btc will be going down as well. the more big investments the more big dark pools.
I have been thinking of putting a few quid in - judging by my past track record, now could be the time to ditch what you have and sit tight for a couple of years.i love how BTC isnt a bubble but everything is. it there is a big drop btc will be going down as well. the more big investments the more big dark pools.
desolate said:
I have been thinking of putting a few quid in - judging by my past track record, now could be the time to ditch what you have and sit tight for a couple of years.
sorry you mean invest or cash out?my trading so far in the last month is up 150% i am happy to stand.
edit my edgeless has gone up 100% on its own.
Edited by The Spruce goose on Thursday 25th May 09:22
The Spruce goose said:
sorry you mean invest or cash out?
my trading so far in the last month is up 150% i am happy to stand.
edit my edgeless has gone up 100% on its own.
I meant that as I am thinking of investing for the first time my track record suggests others should bail out.my trading so far in the last month is up 150% i am happy to stand.
edit my edgeless has gone up 100% on its own.
Edited by anonymous-user on Thursday 25th May 09:22
I tend to be firmly in the "buy high, sell low" camp when it comes to investment.
Behemoth said:
p1stonhead said:
Is it really 'the future'?
As the Fidelity CEO said, as the internet revolutionised the movement of information, Bitcoin is the revolution for the movement of money.There will be bumps along the way, but there is no question it is the future.
Abigail Johnson said:
"I am in a traditional financial services business - but we at Fidelity can see that evolution of technology is setting up our industry for disruption. What if this technology could do for the transfer of value, what the internet did for the transfer of information?"
WindyCommon said:
Behemoth said:
p1stonhead said:
Is it really 'the future'?
As the Fidelity CEO said, as the internet revolutionised the movement of information, Bitcoin is the revolution for the movement of money.There will be bumps along the way, but there is no question it is the future.
Abigail Johnson said:
"I am in a traditional financial services business - but we at Fidelity can see that evolution of technology is setting up our industry for disruption. What if this technology could do for the transfer of value, what the internet did for the transfer of information?"
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