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/biz/ - Business & Finance

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2497841 No.2497841 [Reply] [Original]

How the fuck do i withdraw ETH to GBP in my bank

>> No.2497905

>>2497841
You exchange your ETH for fiat dumbfuck. You can arrange deal yourself on places like localbitcoins, or If you want the least inconvenience but at a slightly lower eth/gbp rate then use bittylicious

>> No.2497935
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2497935

>>2497905
Won't banks flag for me raking in £2500 at once

What about capital gains tax?

>> No.2498027

>>2497841
>withdraw funds to your bank account
>????
>profit

>> No.2498040

>>2497935
read up on your bank/country limits
in my country you can transfer up to 10kEUR no questions asked

>> No.2498044
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2498044

>>2498027
Withdraw funds legally*

>> No.2498045

>>2497935
>Won't banks flag for me raking in £2500 at once
unlikely m8, that's fook all. Consider opening a separate account with a bank not known to shut down coiners. Speak to an accountant.

>> No.2498054

>>2497935
You're given an 11k exemption before paying capital gains here

>> No.2498081

>>2497841
step 1:
convert to BTC

step 2:
localbitcoins.com

step 3:
sell to someone in person, for cash

step 4:
hello, i just want to deposit my *cough* birthday money ;)

>> No.2498110

>>2497841
no refunds, kiddo

>> No.2498126
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2498126

>>2498081
>Birthday money
Theres only so many times you can do that
Im interested to know how hookers constantly deposit thousands in cash