How to withdraw your money from Coinbase

Former_MSE_Callum

'Bitcoin – the word on everyone’s lips at the end of the last year – is in the news again, though this time the graphs are all heading in the other direction.'

Read MSE Callum's full blog: 'How to withdraw your money from Coinbase'

ospre

Fortunately I sold most of my Bitcoin mid December before it went south. I used Coinbase and managed to get the money back into Pound Sterling OK but I had to withdraw in Euros and suffered slightly on the conversion process.

The most expensive bit was my bank charging me for the SEPA transaction, £25 to move 6 Euros!

zag2me

Yep had the same issue, natwest charged me £10 just to make the SEPA transfer of 6 euro! Absolute rip off which is why I am moving to Monzo bank in the future.

Still waiting for my £150 worth of bitcoin to arrive but will update if it does.

Zola.

Who knew that an asset which creates absolutely nothing (apart from hype and speculation) would start going the other way once that hype died down.

zag2me

So I managed to complete my transfer with Natwest but it was quite expensive with commission and charges both ways. I'd only recommend doing it if you have sizable bitcoin assets. For me I made about £200 so far, not much but its great to actually have real money back in my account

susieb

I opened a revolut account, which was much cheaper way to convert euros

OhhEnnEmm

I see that a lot of people have mentioned the cost of the SEPA Payment, just FYI, I know that if you're with Barclays (possibly other banks too) you can do the SEPA payment online for free, as opposed to paying £15 in branch.

Hope that's helpful to some people.