Bitcoin Forum

Economy => Currency exchange => Topic started by: cshelswell on July 09, 2016, 08:48:03 AM



Title: Best (Most Trustworthy) Place to Buy BTC in GBP via Bank Transfer
Post by: cshelswell on July 09, 2016, 08:48:03 AM
I'd like to buy some BTC with some GBP but not sure of the best place to do so. I'm an expat in NZ so a bit out of touch with the UK side of things.

I'd prefer to avoid Localbitcoins after being stung here with a couple of transactions. Though if it's a lot better than it was and the process is easy then I'll consider it.

Thanks for any advice.


Title: Re: Best (Most Trustworthy) Place to Buy BTC in GBP via Bank Transfer
Post by: densuj on July 09, 2016, 09:26:49 AM
I'd like to buy some BTC with some GBP but not sure of the best place to do so. I'm an expat in NZ so a bit out of touch with the UK side of things.

I'd prefer to avoid Localbitcoins after being stung here with a couple of transactions. Though if it's a lot better than it was and the process is easy then I'll consider it.

Thanks for any advice.
You can buy bitcoin in here of course with escrow service for safety and you can try buy bitcoin on paxpul use another payment method.


Title: Re: Best (Most Trustworthy) Place to Buy BTC in GBP via Bank Transfer
Post by: icanscript on July 09, 2016, 11:05:14 AM
Not sure how you was stung as they have measures in place... but localbitcoins by far.

Main Rule: Only buy from trusted sellers 1000+ etc

# Buying BTC
1) if you dont receive your funds and you paid them via your bank. Dispute the transaction and prove to LBC you paid and give a payment reference.

# Selling BTC
1) Dont release until funds are in your bank


Title: Re: Best (Most Trustworthy) Place to Buy BTC in GBP via Bank Transfer
Post by: Xch4ng3 on July 09, 2016, 02:39:35 PM
I can sell you BTC, message me.


Title: Re: Best (Most Trustworthy) Place to Buy BTC in GBP via Bank Transfer
Post by: cshelswell on July 11, 2016, 08:38:32 PM
Not sure how you was stung as they have measures in place... but localbitcoins by far.

Main Rule: Only buy from trusted sellers 1000+ etc

# Buying BTC
1) if you dont receive your funds and you paid them via your bank. Dispute the transaction and prove to LBC you paid and give a payment reference.

# Selling BTC
1) Dont release until funds are in your bank


It wasn't so much localbitcoins fault. People's bank accounts and I assume localbitcoins accounts had been hacked. I sold some bitcoins, saw the money in my bank so sent the bitcoins as (as you would). Then I get a phone call from the bank saying they're taking the money back as the account was hacked.

I'm not sure if it was a dodgy key logger altcoin wallet and they'd got the passwords but New Zealand banks don't require 2 step verification, though that is becoming common place now.

I did eventually get the money return but not without a bit of a fight with the bank.

@Xch4ng3 thanks I'm just going to wait and see on the price a little longer. I'm basically hoping to use it as a way to transfer money from a UK account I have from when I lived there to an NZ one since the GBP is so bad at the moment a direct transfer is pretty bad. Though this is obviously a bit more of a risky gamble. Though hopefully BTC is going up not down :)


Title: Re: Best (Most Trustworthy) Place to Buy BTC in GBP via Bank Transfer
Post by: sardasa on July 11, 2016, 08:47:18 PM
Go through this article. I am pretty sure, you'll find what you are looking for: http://www.coindesk.com/information/buy-bitcoin-uk/


Title: Re: Best (Most Trustworthy) Place to Buy BTC in GBP via Bank Transfer
Post by: cshelswell on July 12, 2016, 06:10:33 AM
Go through this article. I am pretty sure, you'll find what you are looking for: http://www.coindesk.com/information/buy-bitcoin-uk/

Awesome thanks - That looks pretty much like exactly what I need :)


Title: Re: Best (Most Trustworthy) Place to Buy BTC in GBP via Bank Transfer
Post by: cshelswell on July 13, 2016, 09:19:13 AM
So annoyingly I didn't factor in to my cunning plan to get my GBP over to NZD via Bitcoin is that Bitcoin is kind of expensive in the UK at the moment :)

I think leaving the Fiat in the bank and waiting until the British economy has sorted itself might me a good idea!