Moonraker Posted September 30, 2018 Share Posted September 30, 2018 (edited) Currently, I deposit pound sterling (GBP) funds from my UK bank account to Revolut and convert it to Euros (EUR) before sending it to Gatehub via a SEPA transfer. Otherwise, if I transfer GPB directly from my bank account to Gatehub (without going through Revolut) I'm charged a high fee. Once I sell my XRP on Gatehub for EUR fiat, what's the best way to get it into my UK bank account in GBP without having to pay ridiculous fees? Thanks Edited September 30, 2018 by Moonraker Link to comment Share on other sites More sharing options...
stevo7790 Posted September 30, 2018 Share Posted September 30, 2018 Uphold is the way I'm going to go with this when the time comes. Moonraker 1 Link to comment Share on other sites More sharing options...
Guest Posted September 30, 2018 Share Posted September 30, 2018 5 minutes ago, stevo7790 said: Uphold is the way I'm going to go with this when the time comes. Doesnt Uphold have a 10k a day maximum withdrawal? Link to comment Share on other sites More sharing options...
Guest Posted September 30, 2018 Share Posted September 30, 2018 there's also wirex Link to comment Share on other sites More sharing options...
GrayFox Posted September 30, 2018 Share Posted September 30, 2018 I plan on transferring my XRP from Gatehub to LBX and cashing out. It's part of the faster payment and I get same day deposits and withdrawals. I seriously cannot be bothered to hop around different places. Moonraker 1 Link to comment Share on other sites More sharing options...
k33bym Posted September 30, 2018 Share Posted September 30, 2018 (edited) I personally use LBX where I can buy and sell XRP and a few other cryptos directly from GBP. As well as that transfers only take a couple hours. Fees are about 3% however saves all the hassle. Down side is that your limit is £1000 per day but can be increased. Edited September 30, 2018 by k33bym Moonraker 1 Link to comment Share on other sites More sharing options...
Centaurus Posted September 30, 2018 Share Posted September 30, 2018 Wirex for up to £7,500 daily, LBX for large sums. Moonraker 1 Link to comment Share on other sites More sharing options...
Jannercobbler Posted September 30, 2018 Share Posted September 30, 2018 (edited) 3 hours ago, Moonraker said: Currently, I deposit pound sterling (GBP) funds from my UK bank account to Revolut and convert it to Euros (EUR) before sending it to Gatehub via a SEPA transfer. Otherwise, if I transfer GPB directly from my bank account to Gatehub (without going through Revolut) I'm charged a high fee. Once I sell my XRP on Gatehub for EUR fiat, what's the best way to get it into my UK bank account in GBP without having to pay ridiculous fees? Thanks I use Kraken, to withdraw Euros to my UK GBP Bank, I lose some money on the exchange rate from Euros to GBP but it's in my bank account next working day, I can also withdraw up to 200K Euros a month from Kraken (not that I have that much XRP....lol) . I believe also that Coinbase now supports GBP, but haven't used them for anything recently. Edited September 30, 2018 by Jannercobbler Moonraker 1 Link to comment Share on other sites More sharing options...
stevo7790 Posted September 30, 2018 Share Posted September 30, 2018 3 hours ago, LamboToTheMoon said: Doesnt Uphold have a 10k a day maximum withdrawal? Yes but I think you can store GBP on a virtual card... I haven't tried it yet though Link to comment Share on other sites More sharing options...
scoobysi Posted September 30, 2018 Share Posted September 30, 2018 how does the wirex withdraw process work? Tried to search for it the other day but didn't find anything (que someone showing how lame my search skills are) Link to comment Share on other sites More sharing options...
Guest Posted September 30, 2018 Share Posted September 30, 2018 41 minutes ago, stevo7790 said: Yes but I think you can store GBP on a virtual card... I haven't tried it yet though Yup, you can move amount between crypto, usd, Eur, gbp and gold and silver, I’ll probably use uphold to withdraw at some point. Link to comment Share on other sites More sharing options...
stevo7790 Posted September 30, 2018 Share Posted September 30, 2018 The way I see it is if my xrp holdings hit £1 million, I'd withdraw to uphold and stick it on the GBP card. Once it's in GBP a million is a million, then I've done it and achieved something pretty amazing. If I have to pay myself 10k a day ok I will lol xrp-pat 1 Link to comment Share on other sites More sharing options...
Guest Posted September 30, 2018 Share Posted September 30, 2018 2 minutes ago, stevo7790 said: The way I see it is if my xrp holdings hit £1 million, I'd withdraw to uphold and stick it on the GBP card. Once it's in GBP a million is a million, then I've done it and achieved something pretty amazing. If I have to pay myself 10k a day ok I will lol Just be careful to let your bank know, multiple 10k transactions could look like money laundering. Link to comment Share on other sites More sharing options...
sharpn Posted September 30, 2018 Share Posted September 30, 2018 I'm based in the UK and use Kraken think it's the cheapest way. Coinbase recently are supporting GBP not sure what there fees are selling xrp to GBP once they list it. Link to comment Share on other sites More sharing options...
stevo7790 Posted September 30, 2018 Share Posted September 30, 2018 I'm just a little wary of this USDT thing that's banging around that's why I'm trying to use the toast wallet than keeping xrp in exchanges. Then withdrawing to my account via uphold when the time comes 2 day if ever Link to comment Share on other sites More sharing options...
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