Cheap and/or safe way to sell Bitcoins and transfer to GBP bank account?

December 12, 2017 12:11 PM

Can anyone suggest a cheap and/or safe way to sell Bitcoins and transfer to British / GBP bank account? Things seem to change so quickly in this area - Bitwala offer such a service, but the charges seem high. Any suggestions gratefully received.
posted by mairuzu to Work & Money (3 answers total)

I find Coinbase and Revolut to be pretty good. So: sell BTC on Coinbase for EUR, deposit EUR into Revolut, then instantly turn into GBP.
posted by henryaj at 12:32 PM on December 12, 2017

(Free to sign up for both services, FYI. I think Coinbase charge a small fee on the sell and withdrawal.)
posted by henryaj at 12:33 PM on December 12, 2017

GDAX is run by Coinbase, has the same currency pairs (e.g. BTC/EUR), and charges no fees to market makers (and much smaller fees to market takers) so if you consider using Coinbase but don't like the fees then also consider going straight through GDAX instead.

(No, I don't really understand why they are separate products -- some kind of weird market segmentation thing.)
posted by value of information at 12:14 PM on December 13, 2017