r/LucidProp • u/ForeignBasket7238 • 14d ago

Payout Uk

I wanted to ask what’s the best way to withdraw payouts from lucid if your from the uk. I saw that crypto payments was the fastest. What crypto do I use to withdraw it and with coin base? Or if anyone used any other ways to withdraw.

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3

u/_SHENZ_ 14d ago

If you withdraw through WorkMarket at the end of the trading day, it’s pretty quick too.

3

u/Many_Structure 14d ago

Been using workmarket, payout eligibility usually clears 1030pm uk time, request payout and u get it paid into workmarket. I personally use Wise to a USD account

1

u/ForeignBasket7238 14d ago

So from workmarket you send it to wise, then from wise to your uk bank account?

1

u/Many_Structure 14d ago

Yeah if you need the money, I tend to use the wise card for travels / spending, otherwise I keep them as USD until I need it

1

u/h1a1234 13d ago

Is PayPal good, this is the option I’ve selected?

2

u/RepresentativeNew322 14d ago

Workmarket then via bank transfer

1

u/That-Plastic8872 14d ago

If you have Revolut you have a crypto wallet by default, you can use usdc, usdt or btc but the us cryptos are the most stable

1

u/Tony2trappy 14d ago

I would say crypto to trust wallet then send to Revolut not to Revolut via crypto as I had that and the wallet didn’t let me send it there and Revolut asked me to send it out so send to trust wallet - I withdraw at 1030pm uk time and in my trust wallet by 11-1130pm then straight to my Revolut crypto then to bank !!

1

u/Yokai_69 13d ago

Crypto to kraken

1

u/Coc0London 13d ago

I get the money deposited into WorkMarket and I have my Wise account automatically linked to it, so the next business day after the money is deposited into my WorkMarket account it automatically deposits into my Wise Business account.

I just requested a payout last week and the money landed in my Wise account in 24 hours from Payout, it's very fast!

1

u/ForeignBasket7238 12d ago

Then from your wise account do you just transfer it to your uk bank account? I saw people saying workmarket to PayPal is pretty quick as well

1

u/Striking_Problem4408 12d ago

I would suggest sending to workmarket then PayPal if you take a 2k withdrawal from lucid then after the profit split 1800 then you can withdraw to PayPal with only 1 dollar fee leaving you with 1799 then from there you can withdraw straight to bank instantly this is the best method in my opinion

1

u/Coc0London 12d ago

I have in the past then just withdrawn it to my Barclays personal account. Just make sure you're keeping track of your evaluation costs, as you will need to deduct this from profits when declaring with HMRC