Cashing out Crypto help

Decimate · Jul 26, 2018

I'm looking for some methods to cash out my BTC in the UK. I usually use LocalBitcoins but I feel it's somewhat sketchy constantly getting bank transfers randomly during the month. Need some advice on some good ways to cash out!

Spizz · Jul 27, 2018

Decimate said:
I'm looking for some methods to cash out my BTC in the UK. I usually use LocalBitcoins but I feel it's somewhat sketchy constantly getting bank transfers randomly during the month. Need some advice on some good ways to cash out!

Dont know if this works for you, but what I do is: I sell the bitcoin for paypal, and then transfer funds from paypal to the bank, takes 1 day to complete but eventually you will have your money on the bank and you can cash it out

Decimate · Jul 27, 2018

My paypal is frozen and they won’t unfreeze it

Fyrix · Jul 27, 2018

You can try selling BTC for WesternUnion or E-transfer on this site.
Also, Giftcards may be one way.

Soul Rich · Jul 27, 2018

Decimate said:
My paypal is frozen and they won’t unfreeze it

BTC -> Western Union -> Collect ££ from WU collection point.
BTC -> Cash by Mail via UKBT -> Receive ££ through mail (for larger amounts).
BTC -> Cash by Hand -> Receive ££ through IRL meet up (with trusted members).

All can be done through LocalBitcoins.

RuneChips · Jul 28, 2018

Decimate said:
I'm looking for some methods to cash out my BTC in the UK. I usually use LocalBitcoins but I feel it's somewhat sketchy constantly getting bank transfers randomly during the month. Need some advice on some good ways to cash out!

Honestly as someone mentioned paypal is a good way, just make sure that you stay under 200 trans + $20k unless you want to get audited.

Edit: Seen you don't have a paypal, if you have a brother/father/sister/friend you trust that could do it, that would be helpful. What you can do is have them confirm their paypal and add a bank/card, then you can add a secondary bank or card that belongs to you without an issue. *As far as I know and experienced, the secondary card has no issue, even though it is under a different name.

Dieze · Jul 28, 2018

He's more thinking i believe with tax issues.

Recieving large amounts via PayPal and withdrawing to bank will have the same tax implications as just doing bank transfer. Only avoidable way would be cash in hand IMO.

Pikachu · Jul 28, 2018

Decimate said:
I'm looking for some methods to cash out my BTC in the UK. I usually use LocalBitcoins but I feel it's somewhat sketchy constantly getting bank transfers randomly during the month. Need some advice on some good ways to cash out!

Depending were you from,
you could sell it for cash in hand, the only issue is you need to meet up with some irl and get the cash.
I do this sometimes.

PhucUp · Aug 1, 2018

Could get a trusted middleman to do whatever you decide for you. They could sell the shit and send it to you however you prefer.

Rooted · Aug 4, 2018

You can sell the BTC to a trusted member with MM an have the funds be transferred directly as Western Union or Money Gram. I've done that before! Tip for you

Cherub · Aug 5, 2018

although you get raped on the price, localbitcoins cash in hand is your best bet. Only deal with those with a business or 1000's of accounts. Also, dont hold large amounts on btc in the same wallet that you will sell the btc to them with, never know what can happen and dont want to tempt them by showing 10+ btc available to transfer in an instant.