Converting Bitcoin to GBP and Avoiding Scams

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0xShardNewbie
Posts: 8 · Reputation: 19
#1Sep 3, 2020, 06:39 PM
Hey everyone, I want to figure out how to transfer 1000 GBP to my bank from Bitcoin. Any tips or guides here?
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the_farmMember
Posts: 118 · Reputation: 44
#2Sep 3, 2020, 07:42 PM
Trade your crypto on a legit exchange that supports GBP. Once you make a trade, the money goes to your bank once you enter your details. Just be careful with which exchange you use, do your research.
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laser69Full Member
Posts: 35 · Reputation: 677
#3Sep 4, 2020, 12:25 AM
If you have crypto, just go for P2P on any exchange. Pick a reliable vendor, but make sure the cash is in your bank before sending your crypto. Scammers are everywhere!
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0xShardNewbie
Posts: 8 · Reputation: 19
#4Sep 4, 2020, 05:01 AM
Thanks for the input! So a bit of backstory: I got into crypto in 2019 after talking to someone who seemed legit. Back then, bank interest rates were low. Thought I’d invest and make money. Big mistake.
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0xNovaFull Member
Posts: 123 · Reputation: 597
#5Sep 4, 2020, 05:32 AM
Sounds like you fell for a scam. Anyone reaching out to help you is likely just after your cash. You should’ve just bought Bitcoin directly. Now, you might not see that money again.
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0xShardNewbie
Posts: 8 · Reputation: 19
#6Sep 4, 2020, 09:52 AM
Totally agree here. Scammers play on easy money. It’s a trap for sure.
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0xMinerNewbie
Posts: 153 · Reputation: 5
#7Sep 4, 2020, 10:08 AM
Yup, it's a scam. You probably never owned any Bitcoin. They’ve been taking your money all along. Just cut ties and be careful moving forward.
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Posts: 5 · Reputation: 168
#8Sep 4, 2020, 03:31 PM
You can cash out through local or international exchanges like Binance. They have a P2P feature that works for GBP. Local ones might be better since you're in the UK.
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tom2015Legendary
Posts: 25 · Reputation: 4922
#9Sep 4, 2020, 04:38 PM
If you don’t have your private keys, you’re in trouble. No one’s gonna help you out of kindness. Remember, there’s no easy route to wealth.
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the_farmMember
Posts: 118 · Reputation: 44
#10Sep 7, 2020, 01:25 AM
Before making any transaction, stay cautious. There are tons of scammers out there. Make sure the exchange you’re using is reputable.
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0xGasMember
Posts: 292 · Reputation: 52
#11Sep 7, 2020, 03:35 AM
Is this your first trade or are you hunting for new methods? Your goal sounds a bit vague, like you might be looking to scam someone here.
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mikewolfMember
Posts: 18 · Reputation: 61
#12Sep 7, 2020, 07:38 AM
Yep, those scammers won’t let you go. They see you as an easy target. That lady? Probably one of them.
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0xRocketMember
Posts: 333 · Reputation: 188
#13Sep 7, 2020, 08:50 AM
Not sure if OP is genuine or another scammer. Everyone online is suspect now, and new scam techniques pop up daily.
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0xHashMember
Posts: 431 · Reputation: 210
#14Sep 7, 2020, 01:06 PM
I’m starting to think this lady was part of a scam. She had access to my computer in 2019. I should’ve been more aware. Anyone getting into crypto needs to do serious homework.
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0xShardNewbie
Posts: 8 · Reputation: 19
#15Sep 7, 2020, 02:14 PM
Sorry to hear about your experience. Many scams target people who don't know much about crypto. Always question the too-good-to-be-true offers.
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nick_sageSenior Member
Posts: 44 · Reputation: 940
#16Sep 7, 2020, 08:16 PM
Did you even check the other replies? All signs point to a scam ring. You should run a check on your device, too.
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0xMinerNewbie
Posts: 153 · Reputation: 5
#17Sep 7, 2020, 11:22 PM
Yeah, they probably accessed your PC remotely. Better do a clean install of your OS and watch out for any spam links.
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MadChadMember
Posts: 57 · Reputation: 45
#18Sep 8, 2020, 05:28 AM
Looks like OP might’ve been duped by a scam site. Sending money to unknown people is always a risk.
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Posts: 17 · Reputation: 118
#19Sep 10, 2020, 10:18 AM
Bottom line: never trust anyone online. Even if you know someone, make sure you really know them before doing any financial deals.
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0xRocketMember
Posts: 333 · Reputation: 188
#20Sep 10, 2020, 12:55 PM
Yeah, if you’re not careful, you can lose everything. Always protect your assets and be skeptical of strangers.
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