If you are near to Bitcoin ATM it would the best option to buy BTC so I suggest check the Bitcoin ATM map from this link below.
- https://coinatmradar.com/
Take note some Bitcoin ATMs do not support cards so only check them by clicking one ATM on the map to show details if it supports cards.
Topic: What is the best way to buy btc with a uk bank card? (Read 87 times)
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
im using binance as an exchange.
OP, have you used your card to buy bitcoin on Binance before? If not, then here is the guide, but if you have and it is not working again, kindly note that recently, some UK banks have put restrictions on users interacting with a crypto exchange, and that may be the cause of the issue.
Quote
In the past week, two of the country’s biggest banks—Nationwide and HSBC—cracked down by applying daily limits for buyers or restricting credit cards from making crypto purchases
. you can read about it here https://decrypt.co/122666/uk-crypto-crackdown-which-british-banks-buy-bitcoin%3famp=1
https://ca.finance.yahoo.com/news/uk-crypto-binance-stop-pound-withdrawals-may-122320856.html&ved=2ahUKEwjfwM2smdz9AhWehv0HHVxTAtsQxfQBKAB6BAgKEAI&usg=AOvVaw1pETeJfffNEjKDG0_ZYF30
https://www.coindesk.com/business/2023/03/13/binance-gbp-funding-onoff-ramp-to-be-suspended-in-may/%3FoutputType%3Damp&ved=2ahUKEwjfwM2smdz9AhWehv0HHVxTAtsQyM8BKAB6BAgLEAI&usg=AOvVaw1k0qPIj7XEWEu_6giaKJ6h
https://www.business2community.com/crypto-news/binance-is-halting-gbp-deposits-and-withdrawals-as-banks-turn-their-back-on-crypto-02654548&ved=2ahUKEwjfwM2smdz9AhWehv0HHVxTAtsQxfQBKAB6BAgMEAI&usg=AOvVaw0UkzsnmYTWM-fDNnUGwEC4
I would like to add to the replies of the others that even though Binance is a relatively okey exchange. It is only worth it if you are sure you are going to use it in the long term to buy and sell positions or to participate in the P2P market.
Because, the KYC process of Binance can be annoying, specially if you go through all the hassle for a single purchase of Bitcoin and you do not plan to use it again.
I don't know how other countries' owned are designed to be. but I can say from my country (Nigeria) that it's simple and easy to pass. Just choose either your BVN (bank verification number) or any of your valid ID cards, from National ID to a passport. I always suggest the BVN part, for it's the fastest for verification; after that step, it's just the fiscal verification that takes only a few seconds to verify that you are a human, and that's all. Because, the KYC process of Binance can be annoying, specially if you go through all the hassle for a single purchase of Bitcoin and you do not plan to use it again.
Here in Latin America seems to be different. For example, binance does not have official collaboration with banks in my country, so we cannot do fiscal verification, we can only use ID's and P2P.
When I signed up on binance it was rather fast, took one day, but friends of mine have had problems with the camera during facial verification and also it took them several days for them to received the approval of the staff. Perhaps, it was just Binance team being over-whelmed by requests during the bull run of a few years ago, however I still stand to share those experiences so people can keep them in mind.
Even if the process is shift and simple, it is not worth it to provide one's personal info to a service one won't use enough to justify it.
I would like to add to the replies of the others that even though Binance is a relatively okey exchange. It is only worth it if you are sure you are going to use it in the long term to buy and sell positions or to participate in the P2P market.
Because, the KYC process of Binance can be annoying, specially if you go through all the hassle for a single purchase of Bitcoin and you do not plan to use it again.
I don't know how other countries' owned are designed to be. but I can say from my country (Nigeria) that it's simple and easy to pass. Just choose either your BVN (bank verification number) or any of your valid ID cards, from National ID to a passport. I always suggest the BVN part, for it's the fastest for verification; after that step, it's just the fiscal verification that takes only a few seconds to verify that you are a human, and that's all. Because, the KYC process of Binance can be annoying, specially if you go through all the hassle for a single purchase of Bitcoin and you do not plan to use it again.
I would like to add to the replies of the others that even though Binance is a relatively okey exchange. It is only worth it if you are sure you are going to use it in the long term to buy and sell positions or to participate in the P2P market.
Because, the KYC process of Binance can be annoying, specially if you go through all the hassle for a single purchase of Bitcoin and you do not plan to use it again.
Because, the KYC process of Binance can be annoying, specially if you go through all the hassle for a single purchase of Bitcoin and you do not plan to use it again.
Have you tried passing the KYC process of the exchange if yes.. then the card payment system should work...
But let me ask what's the need of buying with card when you can use the P2P option which I think it will be way more better with just Bank transfer to an available vendor. No card authorization from your bank needed.
But let me ask what's the need of buying with card when you can use the P2P option which I think it will be way more better with just Bank transfer to an available vendor. No card authorization from your bank needed.
Have you tried buying from Binance before? It should be possible unless your card is issued by some of the banks that stopped supporting binance/crypto transactions. I know there are a couple of them.
Alternatively, you can go with Coinbase: https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/how-do-i-buy-digital-currency-with-a-credit-or-debit-card-in-europe-and-the-uk
Alternatively, you can go with Coinbase: https://help.coinbase.com/en/coinbase/getting-started/add-a-payment-method/how-do-i-buy-digital-currency-with-a-credit-or-debit-card-in-europe-and-the-uk
im using binance as an exchange.
Jump to: