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Title: UK Funding options Post by: miztaziggy on April 23, 2013, 09:09:10 PM Ok, I havent sold any BTC or even looked into it properly, but I have read it's difficult from the UK.
Just checked on MtGox and they offer this: Withdrawals Funds may be withdrawn by sending a Mt.Gox redeemable code (voucher) to AurumXchange Company and then wired to a bank account. You can also sell codes back to AurumXchange and receive payment through e-currencies, wire transfers in USD, SEPA EUR transfers, and direct bank transfers within the UK. I have never heard of aurumxchange before but they let you cash out $5000 a day. What's the catch? Title: Re: UK Funding options Post by: Stephen Gornick on April 23, 2013, 10:21:40 PM What's the catch? Mt. Gox got rid of redeemable codes. There no longer is a path from Mt. Gox to AurumXChange. Title: Re: UK Funding options Post by: miztaziggy on April 23, 2013, 11:00:44 PM What's the catch? Mt. Gox got rid of redeemable codes. There no longer is a path from Mt. Gox to AurumXChange. By the looks of it, you can sell directly to AurumXChange, you send them BTC, they wire you GBP. So the catch is? Title: Re: UK Funding options Post by: franky1 on April 23, 2013, 11:32:36 PM What's the catch? Mt. Gox got rid of redeemable codes. There no longer is a path from Mt. Gox to AurumXChange. By the looks of it, you can sell directly to AurumXChange, you send them BTC, they wire you GBP. So the catch is? Title: Re: UK Funding options Post by: libertine on April 23, 2013, 11:46:27 PM hmm sounding like a really bad investment now from the uk standpoint.
Title: Re: UK Funding options Post by: btbrae on April 24, 2013, 02:00:56 AM I like that the banks are forcing down all the UK options. It means they're scared. Was using Transferwise -> Bitstamp until yesterday.
New method: Get verified at OKPay.com (takes 2-3 days) Wire transfer from bank to OKPay (£4.00 FIXED fee may vary, takes 2-3 days) Deposit at btc-e.com using OKPay ($2.99 FIXED fee, exchange rate about 1% from market 0.6668 / 0.6564 ) Btc-e take 2%. Result on £50 = -17% Result on £500 = -4.3% Result on £5000 = -3% HOWEVER, because there is a general difficulty in getting funds to btc-e there is a significant difference in BTC price of about 10% even after a 0.2% transaction fee on buying BTC, from that of Mtgox and Bitstamp and others. Adjusted results (may vary.. please check there is an equivalent variance in prices between btc-e and Mtgox if reading this in the future): Result on £50 = -4.8% Result on £500 = +7% Result on £5000 = +8.3% So you can see, using btc-e and OKPay is a very good option for UK buyers at the present time where you can actually beat the Mtgox price significantly. Just make sure to secure your account at btc-e with e-mail verification and check it's all working before depositing larger amounts. |