Bitcoin Forum

Other => Beginners & Help => Topic started by: DonnyMac on November 03, 2017, 08:58:05 AM



Title: Where to buy BTC - UK
Post by: DonnyMac on November 03, 2017, 08:58:05 AM
Morning all.

Where can I buy BTC getting through the 'know your customer' quickly?

I have a £15k limit on Coinbase, their fees seem high - where else is recommended (UK) and with higher limits?

Many thanks.


Title: Re: Where to buy BTC - UK
Post by: bitjoin on November 03, 2017, 09:07:12 AM
Morning all.

Where can I buy BTC getting through the 'know your customer' quickly?

I have a £15k limit on Coinbase, their fees seem high - where else is recommended (UK) and with higher limits?

Many thanks.

Kraken you can get tier 4 verification and i think the limits go up to like 200k deposit and withdraws etc but you have no GBP only EURO.  You could try an exchange like coinfloor which is UK specific but hey i've never used them and i never got a answer from their support when i asked a question.


Title: Re: Where to buy BTC - UK
Post by: DonnyMac on November 03, 2017, 09:22:40 AM
 Thanks, I'll take a look at them.


Title: Re: Where to buy BTC - UK
Post by: fatcatz on November 03, 2017, 09:26:43 AM
I've used coinfloor several times without any problem. Depositing via bank transfer, placing orders then withdrawing BTC to my desktop wallet.

The only thing to watch out for is their bank account is located in Poland so bank transfers, in my case, arrive the next working day. I'm using Barclays to make the transfers.


Title: Re: Where to buy BTC - UK
Post by: DonnyMac on November 03, 2017, 09:31:53 AM
Kraken only has a $100,000 annual withdrawal limit for tier4 individuals.

So if you generate $0.5m it would take 5 years to get it out?

I'll look into coinfloor, thanks.


Title: Re: Where to buy BTC - UK
Post by: MaryCris on November 03, 2017, 10:50:39 AM
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Title: Re: Where to buy BTC - UK
Post by: xurestey on November 03, 2017, 10:55:30 AM
I know bitcoin is currently the most kept in China. If you buy bitcoin you can contact the trading floor in China to be able to buy the best price. England is a bit strange to me.


Title: Re: Where to buy BTC - UK
Post by: LFC_Bitcoin on November 03, 2017, 11:03:32 AM
Local Bitcoins & Bittylicious, both trustworthy in my experience, you need to verify ID’s with the latter though.


Title: Re: Where to buy BTC - UK
Post by: bitjoin on November 04, 2017, 09:34:19 AM
Kraken only has a $100,000 annual withdrawal limit for tier4 individuals.

So if you generate $0.5m it would take 5 years to get it out?

No thats not correct, take a look at the numbers again.  I know for tier 3 alone they have $200k limit per month and $25k per day. Tier 4 is for high end mega rich customers.


Title: Re: Where to buy BTC - UK
Post by: hilariousandco on November 04, 2017, 09:42:04 AM
How much are you wanting to buy? I have £1500-2000 to sell every month and would be willing to sell an extra 5btc. I'm in the UK and can accept cash or bank transfer fairly shortly.

As others have said Localbitcoins and Kraken are your best bets. Don't use Coinbase as you'll never get verified and they never respond to support requests.


Title: Re: Where to buy BTC - UK
Post by: MyTipTopShop on November 04, 2017, 09:48:54 AM
Try localbitcoins.com I use them alot.


Title: Re: Where to buy BTC - UK
Post by: familypoints.io on November 08, 2017, 11:41:24 PM
Try localbitcoins.com I use them alot.
I also use this service often and it is reliable and quite fast.