Topic: BTC in the UK? (Read 570 times)
good post
I spoke to my bank and they want £25 for a sepa transfer. Fuck that! Bowen I will contact you tomorrow to see if your offer still stands. Thank you.
I had a fairly easy process using BitStamp.com and sending funds via SEPA.
Typically speaking for Buyers;
- Bitbargin prices are usually 0~2% of Mtgox prices in GBP.
- Localbitcoin (UK) prices are usually -2~0% of Mtgox prices in GBP.
Add in the fact those can be done with free instant bank transfers, fees and commissions are very reasonable, compared to exchanges.
I don't doubt, you might sometimes get a better price before fees, commission etc on an exchange, but it doesn't always work out best.
- Bitbargin prices are usually 0~2% of Mtgox prices in GBP.
- Localbitcoin (UK) prices are usually -2~0% of Mtgox prices in GBP.
Add in the fact those can be done with free instant bank transfers, fees and commissions are very reasonable, compared to exchanges.
I don't doubt, you might sometimes get a better price before fees, commission etc on an exchange, but it doesn't always work out best.
I had the same problem.
I used bitbargain.co.uk for a while and it worked fine. The commission you pay is huge but It can be good if you just need a one-off small amount of btc.
If you need bigger amounts, or if you buy btc regularly, you should definitely look for a proper exchange site as the fees are much much lower.
I'm using bitstamp.net now and it works very well: low fees, and you can also place buy/sell orders at a certain price. Careful with becoming a trader though as it could lead to ruin =)
The only drawback is that you have to deposit by using a SEPA payment which takes 2-3 days. (what a reminder that bitcoin is the future!)
Also you might want to do big amounts as my bank (RBS) charges me a fixed £10 for each SEPA deposit.
Still quite convenient thought as with my bank SEPA can be done with internet banking.
I never tried MtGox. It has higher volume of trade which is a good thing, but it is more prone to go offline due to DDOS attacks, and I read it is a pain to get registred/verified.
I used bitbargain.co.uk for a while and it worked fine. The commission you pay is huge but It can be good if you just need a one-off small amount of btc.
If you need bigger amounts, or if you buy btc regularly, you should definitely look for a proper exchange site as the fees are much much lower.
I'm using bitstamp.net now and it works very well: low fees, and you can also place buy/sell orders at a certain price. Careful with becoming a trader though as it could lead to ruin =)
The only drawback is that you have to deposit by using a SEPA payment which takes 2-3 days. (what a reminder that bitcoin is the future!)
Also you might want to do big amounts as my bank (RBS) charges me a fixed £10 for each SEPA deposit.
Still quite convenient thought as with my bank SEPA can be done with internet banking.
I never tried MtGox. It has higher volume of trade which is a good thing, but it is more prone to go offline due to DDOS attacks, and I read it is a pain to get registred/verified.
Why are so many suggesting paying in other currencies, when there is:
https://bitbargain.co.uk/
&
https://localbitcoins.com/
I've sold on both, very easily with minimal fees, which easily beats the fees that can accumulate when you starting buying or selling via exchanges and/or people outside of the UK.
https://bitbargain.co.uk/
&
https://localbitcoins.com/
I've sold on both, very easily with minimal fees, which easily beats the fees that can accumulate when you starting buying or selling via exchanges and/or people outside of the UK.
Agreed!
Why are so many suggesting paying in other currencies, when there is:
https://bitbargain.co.uk/
&
https://localbitcoins.com/
I've sold on both, very easily with minimal fees, which easily beats the fees that can accumulate when you starting buying or selling via exchanges and/or people outside of the UK.
https://bitbargain.co.uk/
&
https://localbitcoins.com/
I've sold on both, very easily with minimal fees, which easily beats the fees that can accumulate when you starting buying or selling via exchanges and/or people outside of the UK.
You can always pay in EUR or USD. You just have some exchange fees.
This.
On LocalBitcoins right now you can buy BTC for gbp bank transfer bellow MtGox rate. So, forget about exchanges.
I have 2BTC up for sale by way of FPS transfer today
PM me
PM me
Ahh I see nice one thanks for your time!
You can always pay in EUR or USD. You just have some exchange fees.
Thanks for the advice. Is there any way of getting btc by uk bank transfer?
You can always pay in EUR or USD. You just have some exchange fees.
Anyone know of the best way to get BTC in the UK? It would seem that all the big exchanges no longer accept payment from us Brits 
Jump to: