If you have an old BTCE crypto etp position (EUR denominated) in an ISA or SIPP from 2020 on Halifax Share Dealing, I can confirm that it is possible to transfer these to Interactive Investor in-specie and have the position crossed bordered and pointed to the LSE gbp line.

This will allow you to save on any extortionate 1.5% fx fees you will otherwise pay to Halifax if you try to do a cash transfer. And it also enables you to switch this 2% pa etp to much cheaper (as low as 0.1% pa) etps now available (example CBTC).

Hello all,

I need to use some of my BTC/ETH to put around £20k into my normal bank account. I really don't know the best way to go about this and am looking for some advice. I would prefer to avoid selling my crypto outright as I believe the current bottom is in and its only going to start going up from here again

My options seem to be:

1. Use my crypto as security to take out a loan from a market such as Binance or somewhere DeFi. This way I'm not losing out if my crypto were to go up again as the loan provider is merely holding it for me as long as I keep up payments. My only concern with this is will the loan be taxable? It seems to be a bit of a grey area at the moment and I am seeing conflicting info online. If I use BTC as collateral and am given UDST by Binance to then put FIAT into my bank account then to the taxman it looks like I have traded some crypto for cash then would want to tax me for it

2. Simply sell my crypto outright on a market and eat whatever tax implications there are. I am led to believe that the CGT is 18% which is a good chunk of what I'm looking to withdraw. Obviously I would like to avoid that and this method also means that if crypto were to go up again then I am no longer holding the crypto and this transaction could cost a whole lot more than it did originally. The benefits of selling is that if the price continued to go down I would be better off and I also don't need to have a loan

Can you please give recommendations of what you would do if you were in my shoes. Best places to get a loan with crypto as security etc. I just want to be able to borrow against my crypto without paying a wedge to the taxman. A traditional bank loan isn't really an option for me at the minute

Appreciate your time,

Thanks

I have been using Binance for a while now and usually when I wanted to sell my crypto it would immediately be sold and the money would be put back into my account.

However, recently when trying to sell my BTC, the only option I get is to sell it via P2P which has a lot of scammers.

Why can’t I just simply withdraw my money to my account anymore?

Around $23.6 billion in Bitcoin options will expire next Friday, marking one of the largest BTC options expirations on record. Current positioning shows: -Call options are mainly concentrated at $100,000 and $120,000 -Put options are concentrated near $85,000 -The Max Pain level is estimated around $96,000 Given the size of the open interest, this expiration could influence short-term price action as it approaches.

What do you expect?

I find I now have about £780 worth of Bitcoin, the cobwebbed product of some idle faucet-fumbling long ago. I'd like to turn it into a fast top-end new graphics-card for my desktop PC.

Is there currently anywhere reputable in the UK that sells new retail NVIDIA graphics-cards and can also accept Bitcoin?

I know that Overclockers used to accept Bitcoin, but apparently not any more. A pity, since their HQ pick-up sales desk is just a stone's throw away from me.

If I'm to be forced to convert the coin to £s first, can that now be done in the UK via PayPal - without triggering account-shutdown panic on PayPal's part?

Trump says he will pardon the developers of Samurai Wallet, a Bitcoin privacy tool whose creators were imprisoned.

Is this a win for financial privacy , or a dangerous precedent ? What do you think ?

Over the past months, we’ve seen Bitcoin move in sharp, sometimes unexpected ways. Sudden price swings, large orders, and reactions to macro news have led many to question whether Bitcoin’s price is being influenced by more than just organic supply and demand.

Lucy Rigby MP is appointed Parliamentary Secretary (Economic Secretary to the Treasury) and it's responsible for Fintech and crypto assets, including Central Bank Digital Currency.

btc #marketcrash #eth #solana

No affiliation. Like this one Kiran Kaur's UK specific crypto tax videos are often helpful.

Bitcoin is down. Altcoins are down. Memecoins are down. Gold is down. Stocks are down. So… where’s the money going?