Hi all, sorry in advance if this is a silly question, but am bit of a newbie to this - please can someone advise me on how I transfer bitcoins from my wallet (using Electrum 2.3.2) to my bank account? Do I need to change/sell them back to GBP first via localbitcoins or similar site, or is there a way of transferring directly from wallet please?
Thanks in advance
Thanks in advance
you can order Bit-x debit card and u can use it on any ATM.
Your card is tied with your BTC balance in your Bit-x account.
You send BTC to your account and then withdraw GBP on nearest ATM machine.
Bit-x will convert your BTC to GBP at current exch. rate.
Then you go with money to your bank, and make deposit to your bank account.
BIT-X fee is high especially inactive fee, so I recommend http://www.advcash.com/.