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Alternatives to Coinbase in the UK (and you are not a WHALE)

Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

Re: Alternatives to Coinbase in the UK (and you are not a WHALE)

by Steve Sokolowski · · Post #22221

Darzl wrote:Coinbase now support UK bank accounts and faster payments for selling crypto and lbx.com also do UK payments
Maybe, but good luck with getting Coinbase to respond to your support tickets if you ever have any problems. If you have any other choice besides Coinbase, then I highly recommend going with a different exchange.

Alternatively, a better choice is to just avoid exchanges altogether and use purse.io to buy anything you need.
Darzl
Archived posts: 34
Joined: Mar 02, 2018

Re: Alternatives to Coinbase in the UK (and you are not a WHALE)

by Darzl · · Post #22222

Steve Sokolowski wrote:
Darzl wrote:Coinbase now support UK bank accounts and faster payments for selling crypto and lbx.com also do UK payments
Alternatively, a better choice is to just avoid exchanges altogether and use purse.io to buy anything you need.
It's not the buying but the selling, we mine to earn (if the price ever goes up) and until recently there hasn't been a way to get coins to fiat in the UK
Steve Sokolowski avatar
Steve Sokolowski
Archived posts: 4559
Joined: Aug 27, 2014

Re: Alternatives to Coinbase in the UK (and you are not a WHALE)

by Steve Sokolowski · · Post #22244

Darzl wrote:
Steve Sokolowski wrote:
Darzl wrote:Coinbase now support UK bank accounts and faster payments for selling crypto and lbx.com also do UK payments
Alternatively, a better choice is to just avoid exchanges altogether and use purse.io to buy anything you need.
It's not the buying but the selling, we mine to earn (if the price ever goes up) and until recently there hasn't been a way to get coins to fiat in the UK
No, I'm talking about selling. We never buy any coins either.

It's better to look at bitcoins as a currency that can be used to buy things, because they can be used to buy almost anything now. The best way to "sell" bitcoins is to spend them. Purse.io allows you to buy anything from Amazon, and usually get it at around a 25% discount.

The only reason we "sell" any bitcoins for dollars anymore is to pay the government when taxes come due. Everything else nowadays can be done with coins, and at a steep discount.