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Title: Cheapest way to buy Bitcoins with GBP in UK Bank Account. Post by: nibor on August 10, 2011, 12:03:19 PM I only want to buy a few 10's so market liquidity is not that important.
Has anyone done the analysis? Options I seem to have are: 1) Transfer to MtGox in GBP. They convert into USD and then buy their. 2) Use Britcoin. Here I think I will incur lower fees, but not such a tight spread? Any other options that are more efficient? Thanks Title: Re: Cheapest way to buy Bitcoins with GBP in UK Bank Account. Post by: Ten98 on August 10, 2011, 12:57:07 PM Britcoin all the way.
Title: Re: Cheapest way to buy Bitcoins with GBP in UK Bank Account. Post by: BTCnewbie on August 15, 2011, 10:23:33 PM I use mtgox UK account and they place dollars in my mtgox account within a couple of days. Buy the bitcoins, sell them for profit on britcoin and withdraw direct to my UK bank account.
The circle is quite tedious. Title: Re: Cheapest way to buy Bitcoins with GBP in UK Bank Account. Post by: Callius on August 15, 2011, 10:50:12 PM Personally I'd use britcoin as you'll get no fees so not have to account for them if you're speculating.
Title: Re: Cheapest way to buy Bitcoins with GBP in UK Bank Account. Post by: Ten98 on August 16, 2011, 12:05:15 AM I use mtgox UK account and they place dollars in my mtgox account within a couple of days. Buy the bitcoins, sell them for profit on britcoin and withdraw direct to my UK bank account. The circle is quite tedious. Just a friendly warning, if you do that enough times with enough money, your bank & the inland revenue are going to start asking some questions about what it is that you're doing... |