Topic: Buying bitcoins in the UK - page 2. (Read 3186 times)
Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.
Arbitrage always looks tempting and sounds promising, but the practical aspects that you mention of actually doing it and the potential risk involved put me off.
If you are looking for ways of trading bitcoins as a price speculation, rather than buying to hodl or use, then derivatives have leverage, are hassle and tax free on profits but wide spreads.
Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.
Do you have any idea whether Kraken is cheaper/more expensive than localbitcoins?
I just checked bitbargain and all of the listings are largely overpriced. Localbitcoins would be a much better deal.
It's an exchange so it'll be cheaper. I'm sure quite a few localbitcoins traders just buy on there, stick a premium on top and make the sale. Exchanges will almost always be cheaper because they're a lot of hassle for casual buyers to get on.
Does circle.com work outside the us? The have limits to start ($300/week), but have been very good so far. I'm not sure if you can use them outside the US but it's worth taking a look.
I think they've clamped down on that type of thing now. It was fine for international buyers once upon a time but more and more seem to be rejected. Worth a try all the same.
btc-e and kraken
Does circle.com work outside the us? The have limits to start ($300/week), but have been very good so far. I'm not sure if you can use them outside the US but it's worth taking a look.
I use bittylicious on quite a few occasions.
However, if buying larger quantities I stick to localbitcoins as they have a better rate.
Both have been great although never had an issue with the former.
However, if buying larger quantities I stick to localbitcoins as they have a better rate.
Both have been great although never had an issue with the former.
There are several UK based exchanges, like https://coinfloor.co.uk/ for example.
Check out the following site to find more: http://howtobuybitcoins.info/#!/GBP
Check out the following site to find more: http://howtobuybitcoins.info/#!/GBP
Uphold.com - no fees
And they promotional slogan is - 'Your Money. Secure In the Cloud.' - I stopped reading there. If they seriously think that I believe that my money will be secure in their online cloud they are mistaken.
It will be fine until first serious hacking attempt, then things will go dirty.
have many options and all are more or less the same.
Bitbargain.co.uk and Localbitcoins are Old school both have really good reputation this are my best options, today you must to verify your Id in most of the companies, so the only diference between them is in coinbase and kraken you can Trade with them.
Another opcion is Cex is the oldest exchange if you dont count Mtgox
Bitbargain.co.uk and Localbitcoins are Old school both have really good reputation this are my best options, today you must to verify your Id in most of the companies, so the only diference between them is in coinbase and kraken you can Trade with them.
Another opcion is Cex is the oldest exchange if you dont count Mtgox
Kraken is also a major exchange handling XBT/GBP trading pairs.
They accept SEPA transfers and are quite cheap to withdraw from. Definately give it a try.
They accept SEPA transfers and are quite cheap to withdraw from. Definately give it a try.
Do you have any idea whether Kraken is cheaper/more expensive than localbitcoins?
I just checked bitbargain and all of the listings are largely overpriced. Localbitcoins would be a much better deal.
Kraken is also a major exchange handling XBT/GBP trading pairs.
They accept SEPA transfers and are quite cheap to withdraw from. Definately give it a try.
They accept SEPA transfers and are quite cheap to withdraw from. Definately give it a try.
Tried coinfloor once, got god price and "ok" service
I am going to look into these. Thanks
I haven't bought Bitcoins for a good while but my main source was Bittylicious. That's a great service and near instant but you gotta watch the premiums. Sometimes they've been on a par with exchanges, other times they've totally detached from reality. Each price you're offered is from an individual seller.
Localbitcoins sellers seem to have become quite insanely anal about ID but I guess that's understandable.
Bittybot.co.uk lists all the prices and major sellers. Looks like you can buy from Coinbase with a card but I assume the limits are pretty low.
One thing to bear in mind is that Fidor bank has arrived in the UK and it seems like Bitcoin businesses will be able to maintain accounts with them. Hopefully soon we might have 'real' exchanges rather than secondary buying services or waiting for wires to land abroad.
Localbitcoins sellers seem to have become quite insanely anal about ID but I guess that's understandable.
Bittybot.co.uk lists all the prices and major sellers. Looks like you can buy from Coinbase with a card but I assume the limits are pretty low.
One thing to bear in mind is that Fidor bank has arrived in the UK and it seems like Bitcoin businesses will be able to maintain accounts with them. Hopefully soon we might have 'real' exchanges rather than secondary buying services or waiting for wires to land abroad.
Uphold.com - no fees
Pretty sure Xapo and Localbitcoins are the 2 best options for buying in UK. My British friend has used them a few times each with no problems.
BittyBargain?
bitbargain.co.uk is a very good site
Xapo.com might be an option, but they're based out of Switzerland I think.
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