Talk directly to me or Bitcoin Magazine. We sell a few bitcoins from time to time for GBP.
Topic: So how on earth am I supposed to get bitcoins in the UK? - page 3. (Read 14568 times)
Hopefully the issues with Mt Gox's Barclays account will be resolved, or they'll set up another UK portal somehow.
OK so I'm just opening my pingit account now. Can you verify that Blockchain is legitimate?
Blockchain.info is legit, shouldn't have any issues with that site.
OK so I'm just opening my pingit account now. Can you verify that Blockchain is legitimate?
There is a fairly viral solution to these problems that does work pretty well. I recommend trying it.
https://localbitcoins.com/
https://localbitcoins.com/
Interesting but lowest quote is £8.05. Highest bid on Mt Gox is £7.70 which means that the sellers on localbitcoins are making at least 4.5% profit. It will be cheaper to do international bank transfer to Mt Gox for £1000.
From the UK, the cheapest way to buy with GBP is via PingIt to Blockchain as the post above says (you have to open up an account with Barclays first). The fee is 0.97% total which is reasonable as even with Mt Gox you still have to pay a 0.6% transaction fee. The other way is to do international money transfer to say Mt Gox but it is expensive, e.g. with Barclays this costs £25 per transfer. I think Mt Gox's bank in Japan also charges like 1000Yen for handling the transfer so altogether you are looking at around the £35 mark. To make this cost efficient, you'd have to do a transfer of at least £10,000 and this gets the charge down to 0.35% plus add on the 0.6% from trading and you have equivalence with the PingIt/Blockchain method. Downside with PingIt though is you can only transfer a maximum of £250 per week.
WE WANT A CHEAP NO LIMIT WAY TO BUY BITCOIN IN GBP DAMNIT!
WE WANT A CHEAP NO LIMIT WAY TO BUY BITCOIN IN GBP DAMNIT!
PingIt to blockchain should work for you. You could also open a US account.
I don't have a Barclay's account, but I might go open one right now.
edit; just realised I can do it via lloyds.
There is a fairly viral solution to these problems that does work pretty well. I recommend trying it.
https://localbitcoins.com/
https://localbitcoins.com/
PingIt to blockchain should work for you. You could also open a US account.
Bitstamp.net 
Any charges for Bitstamp in the UK, am I paying into a UK account?
You will most likely use SEPA payments, there's usually no direct charge from your bank to send a payment but you may loose a little depending on the exchange rates from GBP > EUR > USD. If your bank happens to offer free wire transfers (pretty unlikely tbh) you might be better off doing that straight from GBP > USD.
edit* Payments go to a bank in Slovenia where bitstamp are based
Bitstamp.net
Any charges for Bitstamp in the UK, am I paying into a UK account?
Bitstamp.net
The banking system in the UK is more controlled than most places. You're dealing in direct Rothschild territory. The Bank of England is bought out to the core. They have been since ground zero. Barclays and friends are close friends with J.P. Morgan who seem to be butthurt about Bitcoin according to a recent video about money laundering. Which proved to be just a giant shit on Bitcoin.
Basically, the banks there want nothing to do with Bitcoin. Good luck.
Basically, the banks there want nothing to do with Bitcoin. Good luck.
The only optioned seemd to be OKPay. They have documentation which proves who I am, and where I live official government documents. Yet if I do a bank transfer, they need to see further proof, a photo of my holding my identification! Are they fucking idiots? What a load of bellends.
With the terrible customer service on Intersango and MT GOX, how I am supposed to get Bitcoins in the UK? (it can't just be their banks, I worked in business, paying in £5000 a day, with other locations paying in £5000-10000 a day, and I never had problems with my business banking, so it's funny how BTC exchanges are!
People say that you can't do it by credit/debit card because of the risk of a chargeback, that's bullshit. I just purchased a £2000 Gibson by debit card, same thing. How is it different all of a sudden just because the product is bitcoins?
Mercabit tried to charge me something like £12.50 per bitcoin. No thanks... it was £8 or something last time which was reasonable :s
With the terrible customer service on Intersango and MT GOX, how I am supposed to get Bitcoins in the UK? (it can't just be their banks, I worked in business, paying in £5000 a day, with other locations paying in £5000-10000 a day, and I never had problems with my business banking, so it's funny how BTC exchanges are!
People say that you can't do it by credit/debit card because of the risk of a chargeback, that's bullshit. I just purchased a £2000 Gibson by debit card, same thing. How is it different all of a sudden just because the product is bitcoins?
Mercabit tried to charge me something like £12.50 per bitcoin. No thanks... it was £8 or something last time which was reasonable :s
Jump to: