Bitcoins in the UK

[nobbynobbynoob]

The frozen accounts could be that the constant activity triggers some kind of money laundering flag which the banks then investigate. Anyway it seems to be a right PITA to get coins in UK. I'm off to learn more about OTC. Will be brand new to IRC!

I think it is definitely a case of people using their personal accounts for trading. Banks would flag a huge increase in transactions as fraud, my bank has been frozen just for making some large purchases before.

Same deal with credit cards: it's happened to me twice in the past month. (The first time made some sense but I've no clue why they froze it again subsequently. Anyhow, that's been fixed, or so they tell me.)

Having no account to be frozen on a whim is one major benefit to using Bitcoin, of course.

[pollen]

This is the most likely scenario, rather than some stealthy grand bankster conspiracy against Bitcoin (whose market cap is still less than what the banksters, VISA, MC, Paypal etc. process in about five minutes - LOL).

True and I guess difficult to link the activity directly with Bitcoin anyway. We all love a banking conspiracy though, not least because they've got form!

I have personal experience dealing with Alwaysmining

I'm only looking to dip my toe into the world of BTC first, so I've dropped Alwaysmining a PM. Thanks for the tip.

[jameswhite]

im looking to buy bitcoins in the uk also, the freezing of accounts is annoying you get to know a person do a few good trades then there account gets frozen