Best way to cash out in the UK?
Coinbase says I can do it via multiple SEPA transactions but that will be fiddly, take multiple days, and some people online have complained it didnt work for them.
Whats the best option?
Best way to cash out in the UK?
Ryan Young
Other urls found in this thread:
coincorner.com
citibank.com
youtu.be
twitter.com
Daniel Young
Revolut
Nicholas Myers
Britbong cuck who cashed out 12 btc at 8.6k through coinbase SEPA transactions.
It worked fine for me, just make sure you sell on coinbase to euros and not gbp as the gbp will get converted back to euro before the transfer and you'll just get cucked on fee's twice.
Lincoln Nelson
I have been using coincorner but I'm only cashing out 2-3k at a time....never had to make a larger transactions so I don't know if there is a limit. good site tho.
you cash out in euro-SWIFT, money usually in account within 24hrs
Hunter Butler
>Revolut
This.
I use Revolut to convert to Eur, then send it to my Fire account (free Irish based bank account on an App), then send it to Coinbase Eur to Eur.
To cash out I just did exact same but in reverse.
John Peterson
localbitcoins
William Ross
I'm UK based and that Fire account is awesome and has all the protection of the Bank of Ireland
Jose Gray
Did your bank raise any red flags? How did you do capital gains tax payment
Matthew Walker
Anyone investigated opening a bank account in Jersey for tax free crypto deposits? And just using that Jersey bank debit card in the UK for purchases? Quick look into shows you need min $200k but that should be achievable soon
Leo Cooper
You just explained sending money to coinbase?not cashing out wtf
Hunter Turner
Read the last line
Jackson Bailey
Oh my bad
But still so... You send the euros to revolut in the end? But that doesn't go to your normal bank though does it or are you irish and keep it in there without using the last revolut step
Leo Evans
Yeah I send the Euros to Revolut then convert to GBP then transfer to my normal UK bank account
Seems a bit of a hassle but it's genuinely the best way to get the best exchange rates
Easton Wood
Ah cool whats the most you've withdrawn any issues with your normal bank seeing money just randomly flow in from revolut?
Adrian Ortiz
link to this?
Nathaniel Reyes
Citibank. 1 second to Google
Ayden Ward
more info pls
Ayden Sanchez
>How did you do capital gains tax payment
Just ignore HMRC until they ask for it of course :^)
Alexander Martin
Nope no issues with UK bank account because I've deposited more times than withdrawn. Just withdrawn £2k to test it out
Isaiah Sullivan
Risky.
Kayden Ortiz
I see. Could be something to remember if I make it.
Fuck these captchas.
Hudson Howard
Tis the way of the celeb. Saw it when one of them offered to pay for one of their dates make over before their date. Bank card said some Jersey based bank. Think it was Jimmy Carr. Known for avoiding tax
Ayden Price
Jack Foster
Revolut
youtu.be
Explains it