Help buying LTC / BTC in UK | Bitcointalksearch.org

nobbynobbynoob

hero member

Activity: 784

Merit: 1000

Annuit cœptis humanae libertas

Quote from: GodHatesFigs on April 28, 2013, 07:06:29 PM

It's crazy that we can't just use mtgox - a problem with UK banks being unwilling to wire the money?

No, I'm sure you can still wire the funds directly to Japan yourself but the fees are prohibitive unless you're wiring something at least semi-serious (>>1000 GBP say).

Barclays froze Mt Gox's UK feeder account (which accepted direct UK bank transfer payments) on 25 September 2012.

rapidchris

newbie

Activity: 22

Merit: 0

using localbitcoins etc. is okay if you can find a decent seller although most of their prices are a bit high! Sad

- Remember most of the vendors sell 0.xxx amount of btc too

crysissymptom

newbie

Activity: 21

Merit: 0

What are peoples experiences with bitbargain.

Funky Al

full member

Activity: 142

Merit: 100

It takes a tough man to make a tender chicken.

I'm new and have used localbitcoins twice. Both transactions took less than 15 mins and couldn't have been easier. As long as you make sure you use people with a good number of positive feedbacks, you should be fine.

You have to build up your rep before you can do bigger trades so it might not be the best option for you pandat.

pandat

newbie

Activity: 6

Merit: 0

What is the quickest way to get 40 BTC? I can pay by credit card/bank transfer

GodHatesFigs

full member

Activity: 557

Merit: 101

It's crazy that we can't just use mtgox - a problem with UK banks being unwilling to wire the money?

rapidchris

newbie

Activity: 22

Merit: 0

Quote from: Scott J on April 28, 2013, 03:44:27 PM

Quote from: rapidchris on April 28, 2013, 03:41:51 PM

Thanks for the replies guys!
I managed to get more by using this method - feel free to try it but it again ends up costing you more due to fee's etc.

Sign up at Virwox.com

Add funds (limited to £48 a day)
Buy SLL with your £
Now you have SLL you can sell this for BTC and withdraw it to where you like!

Enjoy!

What methods of payment do Virox.com accept?

They accept Paypal, credit/debitcards, paysafecard, ukash, neteller, sofort banking, bitinstant and bank transfers

& its www.virwox.com

Qwedcxza1

newbie

Activity: 43

Merit: 0

Quote from: squish on April 28, 2013, 03:34:34 PM

Quote from: Qwedcxza1 on April 28, 2013, 03:17:55 PM

I used local bitcoin with no problem. It is easy.
You choose a seller and transfer the money to their UK account. Be warned, an internet bank transfer can take about two minute, two hours or doesn't happen until the next working day.

So from start to finish, how long typically does it take to get your bitcoins?

squish

As I said, when you do the bank transfer it can be almost instant, take a couple of hours or be there by the next working day. The banks t& c's allow for end of next working day. Most of my bitcoins were transferred within 5 minutes of me making the bank transfer.
Two transactions took until the next day. The sellers average times are published on the site. Most of the sellers work on their mobiles. I bought over 10k GBP.
I really don't understand why there is a problem with this service. Use somebody who has plenty of transactions and lots of feedback. It is an escrow service. The bit coins are held by the website until both parties are happy.

spiderJ

newbie

Activity: 42

Merit: 0

Quote from: squish on April 28, 2013, 05:05:02 PM

That's great, thanks.

Does anyone worry about identity theft with all these sites needing copies of passports, etc.?

squish

I had to give OKpay pretty much my life story, wouldn't worry too much about it

squish

newbie

Activity: 24

Merit: 0

That's great, thanks.

Does anyone worry about identity theft with all these sites needing copies of passports, etc.?

squish

Pentel

full member

Activity: 172

Merit: 100

To fund your BTC-e account select USD -> deposit
Then select your payment method -> OKPAY
Log in, select your wallet (GBP) OKPAY will convert to USD for you.

That's it.

squish

newbie

Activity: 24

Merit: 0

Quote from: Pentel on April 28, 2013, 04:23:18 PM

By BTC-e I mean the exchange www.btc-e.com

Ah ok, how?

Is it a SEPA transfer you do initiated from okpay? Does okpay do an FX from GBP to EUR in that case?

btc-e says: The presently supported payment methods are : US Bank Wire, EU Bank Wire (SEPA), Liberty Reserve, Visa, Mastercard, Liqpay.com, unikarta.com, PerfectMoney.com, WebCreds.com, Ukash.com, Webmoney.ru.

squish

Pentel

full member

Activity: 172

Merit: 100

By BTC-e I mean the exchange www.btc-e.com

squish

newbie

Activity: 24

Merit: 0

Quote from: Pentel on April 28, 2013, 04:16:37 PM

The way I do it is this:
Get a OKPAY account and got it verified.
Upload GBP to my wallet, via back transfer. (My bank does not charge for this, since it's sent to a UK bank, Barclays)
Then use BTC-e to withdrew the money from OKPAY.
Buy litecoin or bitcoins.

A LOT of HOOPS :-(

Buy bitcoin(s) at BTC-e and sell at Bitstamp!

okpay says bitcoin processing is suspended though? Or is using BTC-e something different?

https://www.okpay.com/en/company/news/bitcoin-processing-temporarily-suspended.html

squish

Pentel

full member

Activity: 172

Merit: 100

The way I do it is this:
Get a OKPAY account and got it verified.
Upload GBP to my wallet, via back transfer. (My bank does not charge for this, since it's sent to a UK bank, Barclays)
Then use BTC-e to withdrew the money from OKPAY.
Buy litecoin or bitcoins.

A LOT of HOOPS :-(

Buy bitcoin(s) at BTC-e and sell at Bitstamp!

zrgf

newbie

Activity: 44

Merit: 0

from all the dealings i've been reading about in reddit, localbitcoins requires vigilance and caution. you can definitely meet people and work out a trade, but i've read a bunch of stories about people getting ripped off.

i'm in the uk, and the situation is really annoying. in my case, i have american accounts so i do all the btc stuff that way. but it's super annoying.

trebornay

newbie

Activity: 7

Merit: 0

All you need to do is get your funds in one account to buy BTC and then you can fund all your other accts with BTC. That's what I did and started with Gox and the funded BTC-e, CampBx, and Bitstamp.

spiderJ

newbie

Activity: 42

Merit: 0

You could try looking for sellers on localbitcoins/ebay who accept Barclays Pingit/bank transfer as payment. A lot safer than using Paypal

Scott J

legendary

Activity: 1792

Merit: 1000

Quote from: rapidchris on April 28, 2013, 03:41:51 PM

Thanks for the replies guys!
I managed to get more by using this method - feel free to try it but it again ends up costing you more due to fee's etc.

Sign up at Virwox.com

Add funds (limited to £48 a day)
Buy SLL with your £
Now you have SLL you can sell this for BTC and withdraw it to where you like!

Enjoy!

What methods of payment do Virox.com accept?

rapidchris

newbie

Activity: 22

Merit: 0

Thanks for the replies guys!
I managed to get more by using this method - feel free to try it but it again ends up costing you more due to fee's etc.

Sign up at Virwox.com

Add funds (limited to £48 a day)
Buy SLL with your £
Now you have SLL you can sell this for BTC and withdraw it to where you like!

Enjoy!

Topic: Help buying LTC / BTC in UK (Read 1273 times)