So you own a bitcoin, and you want to convert it into Pound? This article describes how you can exchange BTC to GBP.
Getting Started with Cryptocurrency
First of all, I would suggest btc-to-usd-converter.com Cryptocurrency Trading Platform as it is relatively new (launched in mid-summer 2017) but has become the biggest cryptocurrency Investment and Exchange Platform right now (total volume over $4 billion) where you get a profit from your cryptocurrency. Supports a variety of coins such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. I find it’s got a really good UI and help.
Another common explanation for converting BTC to Pound is to cash out of Bitcoin at periods when the demand is decreasing. If you think the price of bitcoin is going to keep sinking and you want to protect yourself from losses, it makes sense to convert bitcoin to GBP currency when you’re waiting for the price of bitcoin to recover.
Why Transfer Bitcoin to Pound Sterling?
In fact, one day, you’ll be able to use bitcoin for any kind of transaction. It will become a substitute for fiat currencies, such as US dollars, which will no longer be required. The belief that bitcoin will ultimately replace fiat currencies is the reason that so many people are interested in bitcoin right now.
At present, though, the fact is that very few companies or individuals are going to accept payment in Bitcoin. That's one reason you might want to convert BTC to Pound, so you can use the money of your bitcoin to buy real things.
How Can You Move BTC to Pound?
There are several potential ways to turn bitcoin to pound and then transfer it to a bank account:
Sell bitcoin to a cryptocurrency exchange, such as Bitcoinscashout.com or btc-to-usd-converter.com. This is the simplest way if you choose to exchange bitcoin to pound and withdraw the resulting cash straight from your bank account.
Using the bitcoin ATM machine. There are actually slightly more than 2,200 bitcoin ATMs distributed all over the world. If one happens to be located near you, you can use it to exchange bitcoin for Pound sterling.
Get a debit card for bitcoin. Btc-to-usd-converter.com websites allow you to exchange bitcoin and receive a prepaid debit card in exchange.
Offer bitcoin to friends. If you have friends who want to buy Bitcoin, you can sell yours to them in return for Pound Sterling or Fiat currency. This method requires you to have bitcoin-seeking friends, of course, that you trust to pay for the bitcoin you send.
