I run a small business online. I am interested in using Bitcoin to accept monies from my customers but to be honest the whole thing has me a bit confused. I am in the UK how would I be able to exchange my Bitcoins for £ sterling and then subsequently spend it?
Trade them for USD, GBP or EUR on a trading site such as https://mtgox.com and transfer it to your bank account.
Or you can spend them directly at any other business that accepts bitcoins as payment.
There might also be a number of goods and services you would use where bitcoins are accepted for payment.
protected by Tim Post♦ Feb 2 '14 at 13:22
Thank you for your interest in this question.
Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site (the association bonus does not count).
Would you like to answer one of these unanswered questions instead?