This step-by-step tutorial shows you how to sell cryptocurrency and withdraw funds in GBP on your bank account in the UK, using our website or with our mobile app.
6 minutes|Yann Gerardi|Published 2021-03-31|Updated 2025-05-06
With our exchange service, you can sell cryptocurrencies in GBP in a few clicks and receive funds directly on your bank account in the UK.
This step-by-step tutorial below shows you how it works:
If you already have a profile with us, login with one of the methods available to continue. For this example, we choose the SMS option:
If you don't have a crypto wallet yet, downloading our mobile app is the easiest way to get started if you want to sell and cash out cryptocurrencies. This step-by-step tutorial below shows you how it works:
Create a new wallet, or restore an existing one if you prefer to. If you need help on the creation of a wallet, we have made a step-by-step guide here.
Go in the user profile menu on the top right of the app's main screen, choose an authentication mode then provide an email address on which you will receive notifications about your transactions.
Registering allows to sell crypto up to £888 per day, £13,300 per month and £88,800 per year.
To sell more crypto in a single transaction, you will need to identify. For more info, please see our support page.
The cryptocurrencies available to sell are all displayed by default in the app. You can see the full list on this page as well.
Please note that we have different cryptocurrencies available on different networks. To switch network, use the network icon on the upper left of the screen.
Once you have chosen a cryptocurrency to sell, click on the "Add" button.
Select the "Wallet" tab, then transfer crypto to the address displayed here. Since the app is self-custodial, please note that you will need to cover the network costs to cash out your cryptocurrency. More information about them on our support page.
Once your crypto has been transferred to your address, go back to the crypto's screen and click on the "Send" button.
Enter the coordinates of the bank account on which you want to receive your funds.
Choose GBP as destination currency and you will see our all-inclusive exchange rate. Click "Next" to continue.
Once you click the "Send & sell" button, your cryptocurrency will be withdrawn from your wallet. We will convert it into GBP as soon as we receive it, then transfer funds to your bank account. You will receive a confirmation email with the detail of your transaction as soon as your bank transfer will have been sent.
Cash outs to the UK will usually take between 1 and 2 business days to appear on your bank account.
Yes, there is a minimum cash out value of £25 to cash out cryptocurrencies by bank transfer.
See our pricing page to see the different limits to sell cryptocurrency by bank transfer, with or without verification.
The exchange rate applied is the best market rate that we can obtain at the moment we receive your crypto transfer, unless your transaction must be put on hold for compliance reasons. In such case, the exchange rate will be applied when the hold on your transaction will be removed.
No, the bank account to which you withdraw the funds resulting from a sale of cryptocurrency must belong to you and must be labelled in your name. Joint accounts are accepted.
Yes, you can use accounts from neo banks like Revolut, N26, etc., to withdraw cryptocurrencies in fiat currency with our service.
No, you cannot use a Paypal account to withdraw cryptocurrencies in fiat currency with our service.
About the author
Yann is the head of marketing of Mt Pelerin. He fell down the rabbit hole of crypto at the end of 2017, when he joined the assembling team that would give birth to Mt Pelerin.
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