Bitcoin Forum

Hi all,

Sorry if this is a stupid question but I've just discovered bitcoin as a shop in the US I spend a few grand a year in accepts it now.

I live in Canada and have a Canadian bank account but I'm originally from the UK where I still run a business and have a few bank accounts.

Can anyone tell me whether it would be better to buy bitcoins in the UK or Canada? Thanks :)

UK doesnt really have a proper exchange just yet. so converting canadian dollar to UK pounds to then use on localbitcoins (high premiums) is not really a good plan. however canada has more options and services open to get bitcoin and would give you more places to find a competitive rate

but it may still be worth you looking at localbitcoins, bitbargain.co.uk, bittylicious.com just to see the current spot prices

Probably Canada since we have a few exchanges see personal sig and link below you can use debit cards and credit cards and use interac online transfer to get more Bitcoins.
Cavirtex is one of the largest exchanges and works well with a Canadian bank account if your interested.
https://www.cavirtex.com/Z/10454

Canada when it comes to buying. CaVirtex is a very good choice. One thing to keep in mind over the years is that the price in Canada for BTC tends to be lower when compared to the large worldwide exchanges (Now Bitstamp) when one also factors in the CAD / USD rate. A possible explanation is Canada's cold winters making it more cost effective to mine BTC in Canada than in other parts of the world. This makes Canada a net exporter of BTC and tends to depress the price in Canada when compared to world markets.

The heat produced by a bitcoin miner is way more welcome when it is -35C outside than when it is 35C outside.  ;)

Amen to that if there is one thing we can be greatful for its the bloody cold winters here that make mining profitable
Liquid cooling I got your cooling right here
Go outside when it is -20 in November through January puts the Miner in a greenhouse/shed and wire an internet cable from the house and watch the miner run fine since it keeps at around room temperature lol.
(Maybe some humidifiers just in case though)

I think though that its fine apparently there is a picture of a rig on a roof covered in snow lol not sure where though.
https://bitcointalk.org/index.php?topic=35470.0

If you want to go with the exchange rates there is always mintpal as well for arbitrage trading between different currency pairs.
Or two accounts one to buy bitcoin and one to sell those bitcoins at a profit.

you can try Cavirtex or LakeBTC.

At the moment Canada is likely the best option.