It’s no secret that the world has seen significant changes over the past 10 years. New inventions have revolutionized the world and influenced people’s lives. Technology has made great strides in the last few decades. There are many ways people communicate. The development of social media has changed this. Advertisements are being made differently by businesses. The new electric vehicle has changed how people travel.
The development of cryptocurrency has brought about the greatest change. Bitcoin is changing the way people buy or sell items.
For a long time, this was a controversial topic. Many people still believe that cryptocurrency is a scam. However, there is a significant increase in the number of people who have started investing in BTC and other cryptocurrency. This is especially true when it comes to economically strong countries like the United Kingdom.
Many people have already purchased Bitcoin and are now waiting to sell or invest in it. They aren’t sure what the best way to go about it.
We will offer you some solutions. But, we must say one thing. Don’t sell Bitcoin until you have the opportunity. To recognize good opportunities, you need to improve your knowledge about crypto. To learn more about the industry, visit Bitcoineras. You can learn the best ways to make money with Bitcoin.
- Let’s get to the point. There are many ways that UK citizens can sell their BTC.
- Let’s all find them together.
Bittylicious
This is one of the UK-based companies who can help you to sell your BTC. It has a short history. It was founded in 2013. But, cryptocurrencies are still a relatively new invention. This is the UK’s oldest BTC company. It is recommended that you review the testimonials of previous clients. There will be a lot of 5-star reviews.
Nevertheless, the website is easy to navigate. It is somewhat outdated in its interface. However, it is easy to use if you’re a beginner. It is easy to use, and it won’t be difficult for you to get lost.
It is important to understand that fees can change from day to day. They likely follow the market changes. Their fees average around 1% of the total amount. This fee is still very affordable compared to other companies. This fee is slightly lower than the actual BTC to GBP exchange rates.
Another advantage is that they allow UK bank transfers through Faster Payment Services. The entire process will take only a few hours. The money will be in your bank account within a few hours.
Wirex
The UK has new options with this crypto-friendly currency account. First, it is important to know that exchanges do not limit users to GBP. It also supports the Euro and American Dollar fiat currencies. It is ideal for those who need to travel to the EU and want to make some extra cash. It is great to know that everyone will receive a Wirex Bitcoin debitcard. The debit card is also available in Europe and the UK. Naturally, we refer to countries in which BTC can be used as a legal payment option when we say Europe.
Comparable to other exchanges, the fees are very competitive. You will only pay 1% of the total amount to exchange BTC to GBP, just like the previous one. You might be wondering if there are hidden fees. They don’t exist, so you don’t need to be worried.
As we have already stated, interface is very important. It is not necessary to be worried about beginners. Wirex’s interface is easy to use.
FPS will once again be available to you. FPS will not require you to wait days for your money. You will receive your money in just a few hours.
Users have an alternative. Users have the option of transferring their GBP to Wire and then spending the remaining balance via crypto debit cards. This type of debit card is available at no additional cost. However, there is an additional monthly management fee of 1 Pound. Every credit and debit card comes with additional fees. This shouldn’t be an issue for you, we believe.
Coinbase Pro
This is the UK’s first major BTC exchange. It was the first to allow BTC to GBP exchanges. It is also the first to allow GBP withdrawals using the Faster Payments Services, despite this.
However, it is important to be open about one thing. The interface is more complicated than the other exchanges. You don’t need to be an expert to know how to sell Bitcoins.
Good trading fees are still the greatest advantage. The fees are actually 0.5%. A GBP withdrawal fee is only 1 Pound. These two fees are not hidden. Many BTC users believe that this is the best way to sell Bitcoin.
In just a few sentences, we will go through the whole selling process. First, create a Coinbase Account. To do this, you will need to verify your identity. You can then transfer BTC to Coinbase Pro Wallet. To sell your BTC for GBP, you can use the “market sell” option. After that, you will need to transfer money to Coinbase Pro. The last step is to withdraw your money to your bank account.