UK Exchange Website - page 2. | Bitcointalksearch.org

LuckyNumber7

newbie

Activity: 34

Merit: 0

The short answer is obviously very difficult, else it would exist.

Intersango had an exchange, but they got through 2 or 3 bank accounts in the UK before being shut down.

No idea what you are on about with the 25% though. bitstamp.net is very efficient, just a £9 charge to wire money to them with SEPA transfer. Give them a go. Its only 25% if you want to deposit £40 or something

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Thing is though they take 3-4 days before the funds are available and currently that can make a huge difference in value.

Lemon

member

Activity: 89

Merit: 10

Quote from: LuckyNumber7 on April 18, 2013, 06:58:54 AM

I think I might contact some PHP developers and see how hard it is to create a currency exchange website. I literally cannot understand why no one has created a UK version of those websites yet.

FCA authorization and AML/KYC procedures. Code is nothing to do with it. It's cost us £25,000 simply to put an application in with the FCA.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Lethn on April 18, 2013, 06:56:22 AM

Honestly, I've been looking into this and I think it's a question only a professional financial advisor could answer, so far I haven't really seen much of anything from UK politicians about this, that might have something to do with how they all seem to be above 50+ in age and barely manage to use twitter never mind have any knowledge on digital currencies.

Not sure you would get an answer out of financial advisers. They tend to be geek without imaginations, not likely to inhabit the bitcoinosphere

LuckyNumber7

newbie

Activity: 34

Merit: 0

I think I might contact some PHP developers and see how hard it is to create a currency exchange website. I literally cannot understand why no one has created a UK version of those websites yet.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: LuckyNumber7 on April 18, 2013, 06:53:32 AM

Ok, here's the situation. It is currently "difficult" for people in the UK to get involved in these cryptocurrency without having pay at least 25% more than what they are currently worth through websites such as localbitcoin and bitcoinbargain. How hard would it be to create an exchange website like btc-e and MTGox that accepted UK balance transfers and other payment methods such as PingIt. An exchange where people in the UK, Europe etc could withdraw their money simply, without having to go through multiple transfer routes with high fees. There must be a reason why these websites don't exist yet and why you can't simple withdraw your funds straight into your bank account. Any advice would be greatly appreciated

The short answer is obviously very difficult, else it would exist.

Intersango had an exchange, but they got through 2 or 3 bank accounts in the UK before being shut down.

No idea what you are on about with the 25% though. bitstamp.net is very efficient, just a £9 charge to wire money to them with SEPA transfer. Give them a go. Its only 25% if you want to deposit £40 or something

Lethn

legendary

Activity: 1540

Merit: 1000

Honestly, I've been looking into this and I think it's a question only a professional financial advisor could answer, so far I haven't really seen much of anything from UK politicians about this, that might have something to do with how they all seem to be above 50+ in age and barely manage to use twitter never mind have any knowledge on digital currencies.

LuckyNumber7

newbie

Activity: 34

Merit: 0

Ok, here's the situation. It is currently "difficult" for people in the UK to get involved in these cryptocurrency without having pay at least 25% more than what they are currently worth through websites such as localbitcoin and bitcoinbargain. How hard would it be to create an exchange website like btc-e and MTGox that accepted UK balance transfers and other payment methods such as PingIt. An exchange where people in the UK, Europe etc could withdraw their money simply, without having to go through multiple transfer routes with high fees. There must be a reason why these websites don't exist yet and why you can't simple withdraw your funds straight into your bank account. Any advice would be greatly appreciated

Topic: UK Exchange Website - page 2. (Read 2155 times)