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Topic: buying bitcoins uk (Read 2778 times)

hero member
Activity: 784
Merit: 502
June 11, 2013, 02:22:27 PM
#37
Hello all, im looking to buy 500-750 pounds worth of bitcoins was wondering if anyone could point me to the right direction?
Already on localbitcoins but they are selling at a quite expensive price to take advantage of the current growth :/

Thanks

 Ill sell you some if you are down London way... I'll skin you alive on rate though. I ain't getting out of bed for no charity run.
sr. member
Activity: 356
Merit: 268
June 11, 2013, 02:20:35 PM
#36
member
Activity: 62
Merit: 10
April 26, 2013, 04:33:59 PM
#35
CurrencyFair are still happy to take money going onto an exchange. I had a good phone lconversation with one of their guys in Ireland yesterday and he sounded fairly clued up about Bitcoin. Apparently their bank (Bank of America) don't allow them to move money out of an exchange though. That's fine by me as I do most of my selling through LocalBitcoins anyway.

He couldn't give any sort of guarantee that they will keep accepting transfers though. They're as much at the mercy of their bank as TransferWise.
hero member
Activity: 720
Merit: 500
sr. member
Activity: 350
Merit: 250
April 22, 2013, 09:19:28 AM
#32
+1 transfer wire to bitstamp
member
Activity: 110
Merit: 10
April 22, 2013, 09:15:44 AM
#31
I have always used currencyfair for my currency exchanges. They have no fee for exchanging currency, you can place an order to set your own exchange rate, but you pay about £3 per transfer. In reality, though, the spread between bids and asks is often about 0.5% off spot rate anyway. If you have had issues with transferwise, though, they are worth a look.

The cheapest way to get GBP to BTC depends on the amount you are dealing with. For larger amounts it is sometimes worth paying the international wire fee. You have to work out if the 0.5% exchange fee plus 0.3% Bitstamp exchange fee comes out to more than the international wire fee.

Since Mtgox EUR and bitcoin central trade in euros, you don't have to worry about the 0.3% fee for converting from EUR to USD, but it is also worth considering whether the site you are sending your euros to tends to have a higher or lower average price than other exchanges. It is no use saving 0.3% on currency conversion only to find out that prices at your destination site are 1% higher.
hero member
Activity: 658
Merit: 500
Caveat Emptor
April 22, 2013, 08:43:58 AM
#30
Done a lot of buisness with mick from the fridge. Excellent service although he is having some problems finding uk sellers to keep his volume up, maybe ask him for a quote by using the website, if hes got coins to sell im sure he will not hold any back Smiley
newbie
Activity: 42
Merit: 0
April 22, 2013, 08:39:52 AM
#29
you can always try bitcoinfridge.co.uk

never replied to me, but i know people who have done regular business with him
hero member
Activity: 658
Merit: 500
Caveat Emptor
April 22, 2013, 07:58:36 AM
#28
If you are looking for more than just a single coin or part of one then i'd recommend using the transferwise way that I mentioned a few times. Its handy and quick. longest wait Ive had was just over 24 hours.
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
April 19, 2013, 08:32:32 AM
#27
I haven't used local bitcoins but I guess when the price is fluctuating that could well be the case?

Bitstamp keeps up in real time.

I would say exchanges like Bitstamp are only really worth investing your time if you are going to buy more than 0.5 BTC Smiley
newbie
Activity: 1
Merit: 0
April 19, 2013, 07:48:02 AM
#26
Hi all,

Im new here so go easy, after looking into the bitstamp method it seems to work out more expensive than local bitcoins, even when the rate is 75.76 per bitcoin! am I missing something here?
I was only looking at doing a .50 BTC transaction at first as i've always used blockchain 
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
April 18, 2013, 02:02:36 PM
#25


I agree with the TransferWise plan - use it with one of the exchanges... it's pretty straightforward and will save you a fair bit of money on charges and exchange rates.

If you choose priority payment it always arrives the same day for a small fee, and still a lot cheaper than UKASH or using blockchain.info (they charge something like 6%) or other transfer methods with hefty bank fees...

I use Bitstamp and it always lands quickly and safely, but it works with other exchanges as well. Then you can just move your coins to your wallet and voila  Smiley

Link here:

http://bitcointransfer.blogspot.co.uk/

best wishes and make sure you secure your wallet. I found Electrum to be easy to use and feels pretty safe once I got used to how it works   Wink
newbie
Activity: 17
Merit: 0
April 18, 2013, 01:39:05 PM
#24
Lots of issues with Transferwise. I got to the payment stage where I had the Bank Transfer and the Debit card options. However I could not complete either. My card is Visa but not verified so I was getting errors and it turns out in order to send money to a new payee I need a PINsentry device which is going to take 7 days to arrive lol.


Just get verified by visa, you can do it in your online banking. Having said this, if you still wanna buy Bitcoins in the UK, directly without intermediators on ebay or other middle men (with huge fees) is difficult, I made this guide with an easy process:
http://howtogetbitcoinsuk.blogspot.co.uk
sr. member
Activity: 406
Merit: 250
April 15, 2013, 03:31:57 AM
#23
Lots of issues with Transferwise. I got to the payment stage where I had the Bank Transfer and the Debit card options. However I could not complete either. My card is Visa but not verified so I was getting errors and it turns out in order to send money to a new payee I need a PINsentry device which is going to take 7 days to arrive lol.
newbie
Activity: 42
Merit: 0
April 13, 2013, 04:35:16 PM
#22
I use transferwise to deposit into Bitstamp. Well worth doing to avoid unnecessary bank charges.

New users get their first transfer free with this link

http://transferwise.com/u/879c
newbie
Activity: 11
Merit: 0
April 13, 2013, 01:56:04 PM
#21
We're looking to help facilitate trading between buyers and sellers in the UK.

If you are interested please visit https://btcxchange.co.uk and we'll keep you up to date.


hero member
Activity: 490
Merit: 500
April 13, 2013, 09:57:38 AM
#20
Made this guide: www.bitcoinUK.blogspot.com

So far the cheapest way that I found to buy btc from UK..

Hope it helps.
hero member
Activity: 658
Merit: 500
Caveat Emptor
April 09, 2013, 08:23:20 AM
#19
localbitcoins charges too high of a premium, far too high

same as bitbargain IMO, they seem to be working though so fair play to them.
newbie
Activity: 13
Merit: 0
April 09, 2013, 08:02:45 AM
#18
you should use local bitcoins it is worth the extra, i did about 8 trades through them with no trouble
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