Having spent quite a lot of time googling, I can't seem to find a simple (and cheap) way of exchanging BTC for GBP and getting that cash into a UK bank account in reasonable time. Has anyone had any success?
I'm not in the UK, but here are some wild thoughts.coinbase.com ... maybe.If you can get it into euro, which you can also do through btc-e.com, you MIGHT be able to work through a conventional currency trading firm like oanda.com or even someone like paypal to switch to GBP. Note, at least with USD, it's hard to get conventional currency OUT of btc-e.Ron
May have sussed it. Citibank offer current accounts denominated in EUR and USD. No FX conversion required. Applied, so I guess we'll see. Citibank certainly accept SEPA transfers, so there's no reason why it won't work.
Hi I am in Cornwall UK, I have just started an S3 "Ballanced Load" mining here. I was on Slush's with GMC as my Failover. I'm gonna see who pays the most after a week.HOW TO TURN BTC INTO GBP.1. Open a Bitgold account. They are in Canada (i am affiliated. You and I get a small bonus if you join with this link BitGold.com/r/DRs5Jc) 2. Add UK Bank account (if you open a prepay credit card with Cashplus or Ffrees they will give you an Acc # and sort code you can use if you don't want use your current acc. It will have to be validated with ID ).3. Deposit your BTC in your Bitgold Account for X Grams of Gold (Costs 1%). Make sure you deposit your gold in a vault in DUBAI. No storage fees free insurance.4. Redeem your gold from your Dubai vault into your GBP UK bank account (1% again). 5. Wait 3 days for funds to clear. (no foreign exchange rate to pay)Or you may want to watch the gold market, its on the way up, sometimes up to 3% in a day, sell at the right time you may make some.Good Luck