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Author Topic: So how on earth am I supposed to get bitcoins in the UK?  (Read 14464 times)
piuk
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December 10, 2012, 08:40:29 PM
 #41

Bumping with new deposit method:

https://blockchain.info/wallet/deposit-bank-transfer

"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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December 12, 2012, 09:37:10 AM
 #42

#bitcoin-otc or #bitcoin-otc-uk on freenode is the easiest place to get bitcoins in the UK.  I buy and sell there and would highly reccomend, you can get better rates than most places and it doesnt take long either.

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jago25_98
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December 14, 2012, 07:27:19 PM
 #43

My 2btc - there are SWIFT payment services for £8 that you can send a FPS transfer to and they will pass on to MTGox

In short: Transferwise seems best. But it's worth the effort to get into meeting local people.

Summary (add to first post danny?):

#bitcoin-otc-uk
https://blockchain.info/wallet/deposit-bank-transfer
Blockchain Pingit - >5%
Moneygram. Couldn't get the calculate fee thing to work. Must be rubbish.
Bitstamp via Transferwise and others: "Payments of up to 300 GBP/EUR cost you just £1 or €1" - still need to remember to check the rate though making it a bit clunkier than Intersango was
& other Paymium routes
http://mjbmonetarymetals.co.uk/ - >5%. Bit clunky
bit2brit.co.uk - unproven. avoid or escrow
ukask-cashu-OKPAY: total fee?
localbitcoins.com - currents ~5%. Durable, condusive with Bitcoin ethos but clunky.
Future - droplet
MtGox via 3rd party FPS/SWIFT transfer service: £8 flat fee?

People say that you can't do it by credit/debit card because of the risk of a chargeback, that's bullshit. I just purchased a £2000 Gibson by debit card, same thing. How is it different all of a sudden just because the product is bitcoins?

Well, it's pretty easy to hide bitcoins and pretend you never got them; not so much with Gibson, there is a whole postal track record and the physical object in your house, etc.
[/quote]

This is very true in practicality but I think technically it's not in that hopefully one day there will be legal precendent where if the customer sends their recieving Bitcoin address in recorded comms to a seller and an exact amount requested arrives at that address that we can all see on Blockexplorer then really to my mind that is harder to prove non delive1ry of than a squiggle on the 80's fedEx PDA, no? Of course law doesn't always make sense but we shall see in time.

In any case, since the UK is in the SEPA zone, the wire transfer is free.
There is a 15 € fee only if you mistakenly send euros to a GBP account or vice versa.
Do not forget to copy your bitcoin-central account number (BC-XXX..) in the "comments" field of your wire transfer online form.

Just to clarify this. Technically the UK is in the SEPA zone. It's just a case of ripoff Britain and maybe cronies thinking they are different from "The Europeans" (you are Europeans you idiots!)


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bitman74
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January 18, 2013, 08:25:44 PM
 #44

dunno if im just dumb, but I can see no UK options on Bitinstant Huh
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January 21, 2013, 02:23:50 PM
 #45

dunno if im just dumb, but I can see no UK options on Bitinstant Huh

They were beta testing a new online bank method, but then removed it.  I'm not sure if they just had to remove it to rework something or if they no longer are planning on offering it.

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January 23, 2013, 06:12:28 PM
 #46

Hi,

Have a look at http://bit2brit.co.uk, you can buy and sell BTC here, buy bitcoins: http://bit2brit.co.uk/buy-bitcoins-uk, and trade btc for gbp here: http://bit2brit.co.uk/sell-bitcoins-uk at a good exchange rates.

We are based in the UK and offer personal meetings to trade large sums over 2k.

Please PM me or email me at info@bit2brit.co.uk if you have any questions.

Best Regards,
The Bit2Brit Team

Where did the website go ?
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January 24, 2013, 12:09:52 AM
 #47

Just noticed I got a mention above " mjb monetary metals - a bit clunky  Cheesy it's quite catchy as a tag line  Grin

I'm now at http://www.bitcoinfridge.co.uk/ - its possible if your quick making the bank transfer to have your btc sent within 5-10 mins, although it can take a little longer I handle each trade individually (clunky  Grin) so its no automated exchange but the fee is now just 2.5% . I've done a few hundred trades now with no issues to report .

Bitrated user: Mick.
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January 25, 2013, 05:38:16 PM
 #48

The Bit2Brit Team

Where did the website go ?

Well, that Bit2Brit appears to either have been a scam attempt or, less likely, simply failed to launch.

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constitution
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January 26, 2013, 12:49:30 AM
 #49

They dont sell moneypaks in UK?
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February 03, 2013, 05:58:13 AM
 #50

They dont sell moneypaks in UK?

No, they don't.  MoneyPak is a product for U.S. only, however in the UK is a similar product, UKash.  A UKash can be used to buy SLLs (which can be traded for BTCs) at VirWoX, or UKash can be used at Mercabit.eu, Bitcoin Nordic, and more.  The fees aren't trivial but this is one way to pay with cash, with no bank system intermediary.


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April 03, 2013, 12:52:28 AM
 #51

Made this guide: www.bitcoinuk.blogspot.com

So far the cheapest way that I found to buy btc from UK..

Hope it helps.
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April 18, 2013, 06:58:26 PM
 #52



I agree with the TransferWise plan - use it with one of the exchanges... it's pretty straightforward and will save you a fair bit of money on charges and exchange rates.

If you choose priority payment it always arrives the same day for a small fee, and still a lot cheaper than UKASH or using blockchain.info (they charge something like 6%) or other transfer methods with hefty bank fees...

I use Bitstamp and it always lands quickly and safely, but it works with other exchanges as well. Then you can just move your coins to your wallet and voila  Smiley

Link here:

http://bitcointransfer.blogspot.co.uk/

best wishes and make sure you secure your wallet. I found Electrum to be easy to use and feels pretty safe once I got used to how it works   Wink

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April 24, 2013, 01:38:03 PM
 #53

wot do now?

'First they ignore you. Then they laugh at you. Then they attack you. Then you win.' - Mohandas Gandhi
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April 29, 2013, 08:09:18 PM
 #54

wot do now?

You mean because TransferWise no longer allows withdrawal to Bitcoin exchanges?

CurrencyFair is about the equivalent of TransferWise.

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