Sell Bitcoin in the UK

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Buying and selling bitcoins differs from country to country. Scroll down for a list of platforms by country. The introduction shows you what you need to consider when buying and selling bitcoins and which payment options you have. If you want to get started as quickly as possible you have two options. If these options aren't feasible for you, read on.

There are 3 ways to buy and sell bitcoins. Besides our list, these resources are helpful: To get started quickly we recommend Lykke where you can buy bitcoins with your credit card. If you can't find your country in the list below please check out the three links above. Otherwise LocalBitcoins is a great choice in many countries that are not listed here.

Bitstamp is accessible to everyone who can do a bank transfer to their bank account in Slovenia, regardless of the country of your residence. In Asia the exchange Coincheck. Contact Us Contact Us. Where can I buy sell bitcoin uk bank transfer sell bitcoins? If you want to get started as quickly as possible you have two options Login to your Bitbond account and buy bitcoins with a simple SEPA wire transfer European bank account required Get the Lyyke app and buy bitcoins with a credit card credit card required If these options aren't feasible for you, read on.

There are 3 ways to buy and sell bitcoins Brokers: It is usually faster than going through a marketplace or an exchange and the sign up process is easier. But often this also means a bit higher fees. Coinbase is the most prominent example of a large broker with a presence in 24 countries. LocalBitcoins is a good example for an international marketplace. The advantage of a marketplace is that cash can be a payment option.

However, it usually takes a couple of days until the verification process is completed. If you don't want to wait for a few days, a broker is the better choice. If you want to buy larger volumes more frequently signing sell bitcoin uk bank transfer with an exchange is worth the money saved. Consider these 5 factors when you buy or sell bitcoins Speed: On exchanges the verification process can take a few days but transactions can be very quick.

With brokers or marketplaces the initial sign up usually is fast but completing a trade can take a couple of hours or even a day or two. Don't fall for players that try to stay anonymous and don't publish the name of their company only for a slightly lower fee.

Typically brokers are more convenient but also a bit more expensive than exchanges. Before a transaction sell bitcoin uk bank transfer sure you know which fees you are paying. Before you buy or sell bitcoins make sure to compare prices of different platforms in your country.

Different prices are mainly the result of different market liquidity. If you use marketplaces like LocalBitcoins you can meet the seller in person and pay with cash. When you buy bitcoins online you need to do a bank transfer or pay by some other method. Therefore check first if you have access to one of sell bitcoin uk bank transfer offered payment options.

Different payment options also have an impact on the fees you need to pay. Bitcoin price of the last 12 months on Bitstamp List of platforms by country where you can buy and sell bitcoins Besides our list, these resources are helpful: Buy Bitcoins Worldwide How to buy bitcoins in In Asia the exchange Coincheck sell bitcoin uk bank transfer one of the most popular ones. The "Type" column indicates whether the sell bitcoin uk bank transfer is a broker Ba marketplace M or an exchange E.

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Coinbase is the easiest way to buy Bitcoin in the UK at the moment. They allow customers to buy bitcoin using a credit card, debit card or SEPA bank transfer. Trades are mostly smooth, though some sellers will demand ID such as a scan of your credit card before they will deal with you.

You can also buy bitcoin with cash by meeting the seller and making the transfer to your mobile phone on the spot. Bittylicious is a well-run site that facilitates peer-to-peer transfers without exposing you to the "wild west" presented by LocalBitcoins.

You don't know who your seller is until you've initiated the trade, but all sellers are vetted by the site. Bittylicious won't allow you to make trades beyond a certain value until you've supplied sufficient ID verification, although smaller trades can go through without these requirements.

The site also offers a growing range of other cryptocurrencies and is one of the easiest ways to get started. Coinfloor have recently launched a peer to peer bitcoin marketplace called Coinfloor Market, with prices and liquidity sourced directly from their existing exchange. Unlike other peer to peer marketplaces, they only work with professional bitcoin brokers who have a long track record of successfully selling bitcoins in the UK and have passed through their strict vetting process.

Arguably the exchange with the most liquidity ie. The site is regarded as trustworthy, publishing public audits of its assets every few months, and processing transfers out from its cold storage three times a day.

It operates what's called a maker-taker fee model , whereby fees are charged according to whether you add liquidity to the order book "maker" , or "take" liquidity away. So, if you place an order below or above the market rate you are defined as a "maker" but if you simply place at order at market rate you are defined as a "taker". Because of its liquidity, Coinfloor's prices are often very close to the global average and they sometimes have fee-free trading periods that you can take advantage of.

This means you may be able to end up with a very good rate for your bitcoin, offsetting the price you will have to pay to transfer your pounds into their Polish bank. CoinCorner operates from the Isle of Man and aims to become a one-stop shop for Bitcoin. Cryptopay allow you to buy bitcoins in the UK via bank transfer. Before buying you are required to provide basic personal information, proof of ID, proof of residence and verify a telephone number.

Cryptopay also offer merchant tools to enable your business to accept bitcoin payments and receive payouts in either pounds or euros. QuickBitcoin offers a quick and easy way to buy bitcoins in the UK.

Using faster payments, most orders are completed within 10 minutes of receiving the funds. If you want to sell bitcoin simply contact them for a quote. QuickBitcoin has high levels of liquidity and also runs a brokerage service for larger orders.

As of January 25th, Safello lost it's ability to accept money in the UK using faster payments , meaning now money can only be sent to them using international bank wires. Upon registration they require you to verify your identity by providing basic personal information, an image of an ID card passport, national ID card or driving license and a utility bill. After you've verified your identity, all you need to do is confirm your email address and complete the KYC form in order to be able to start buying bitcoins.

Safello charges a transaction fee which is stated before you purchase your Bitcoins. The trading fee may vary depending on the frequency of your purchases and the size of your order. Another useful service when looking to buy bitcoins in the UK is BittyBot.

BittyBot monitors and compares the UK bitcoin market to help you find the best prices and most reputable traders. Buy bitcoins in the UK using credit card, debit card or bank transfer Coinbase Coinbase is the easiest way to buy Bitcoin in the UK at the moment. Some bitcoin ATMs also let you sell bitcoin and pay out cash.