Buying bitcoins in the UK

[rjclarke2000]

Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.

[tmfp]

Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.

Arbitrage always looks tempting and sounds promising, but the practical aspects that you mention of actually doing it and the potential risk involved put me off.
If you are looking for ways of trading bitcoins as a price speculation, rather than buying to hodl or use, then derivatives have leverage, are hassle and tax free on profits but wide spreads.

[rickday]

Try igot
It is the best exchange to trade in UK and British Pound.

https://www.igot.com/

Good luck

[gentlemand]

Try igot
It is the best exchange to trade in UK and British Pound.

Why are you recommending an exchange that not only is (maybe) in Australia but which also has a ton scam accusations against it?

[Tstar]

I have a friend who is using
cryptopay.me

Prices are a bit high IMO but it's a good service, working flawlessly since a while now. YOu can also apply for a very handy BTC debit card.
AML/KYC is mandatory as far as I remember.

[rickday]

No igot is not scam.

Try igot
It is the best exchange to trade in UK and British Pound.

Why are you recommending an exchange that not only is (maybe) in Australia but which also has a ton scam accusations against it?

[gentlemand]

No igot is not scam.

That's lovely. I think I'll choose to trust the experiences of multiple users rather than one sentence from your fine self. If they're not scammy, they're certainly unacceptably slow to respond when there are problems.

[elliwilli]

i bought from bitstamp, was a pain-free transaction. it was kind of annoying to get my head round at first but it payed off in the end.

[tiggytomb]

Bittylicious is very easy and hassle free and accept faster payments but I think when you first sign up you are limited to a certain amount of bitcoin until a few purchases are made.

[tmfp]

No igot is not scam.

That's lovely. I think I'll choose to trust the experiences of multiple users rather than one sentence from your fine self.

And a pretty illiterate one sentence at that.
The stress of making up new excuses must be taking its toll on Mr. Day's grammar, he was quite eloquent when he was making up stuff explaining the situation three months ago.

http://www.coindesk.com/bitcoin-exchange-igot-challenges-scam-allegations/

So, if you are really Rick Day, how about starting a new igot thread and telling people exactly what happened and what is happening now?
That is, if you hold out the slightest hope of ever being trusted again.
The way Bitcoin 'entrepreneurs' think they can fuck people about that trusted them, REALLY PISSES ME OFF.

[rickday]

Sorry about that.
Igot is trying to resolve the problems so hard.

No igot is not scam.

That's lovely. I think I'll choose to trust the experiences of multiple users rather than one sentence from your fine self. If they're not scammy, they're certainly unacceptably slow to respond when there are problems.

[RealPhotoshoper]

The problem is, British banks are reluctant to service bitcoin companies so many exchanges are having to bank elsewhere in the EU. In these cases, you'll have to put up with charges on international transfers like SEPA and often wait 2–5 days for your funds to arrive.
you might try this exchange :
https://coinfloor.co.uk/
https://www.coincorner.com/

[bitcoinbarron]

I also use bittylicious, but am mainly selling bitcoin rather than buying.

[quentincole32]

Just wondering where all the bitcointalk UK members buy their bitcoins?

Sorry if this is has been asked numerous times already.

just try https://coinfloor.co.uk/
not many exchange in UK,but i think coinfloor will not disspointed you,and i think it have so many member in UK.

[WaterSupply]

Hello

There are quite a few places to buy Bitcoins in the UK.

One place you could try which has a lot of different options is:

http://bittybot.co/uk/buy-bitcoins-uk/

If you look at the site it gives you the best price for bitcoins and it will have different payment options such as UK faster payment bank trasnfer on sites such as localbitcoins, solidi etc. Check it out!
 

Cheers

[mirakal]

Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.

Arbitrage is quite risky. It takes time to transfer fiat and bitcoin into different exchanges. The time will cost money.

[Amph]

Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.

Arbitrage is quite risky. It takes time to transfer fiat and bitcoin into different exchanges. The time will cost money.

it must be done with a bot not manually, and fiat should already be there, when you see that you ran out of fiat you do another transfer the same day, not waiting for it to go to zero

[walter3211]

Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.

Arbitrage is quite risky. It takes time to transfer fiat and bitcoin into different exchanges. The time will cost money.

it must be done with a bot not manually, and fiat should already be there, when you see that you ran out of fiat you do another transfer the same day, not waiting for it to go to zero

Exactly. They have large amount of capital and are running  bot for arbitrage without time gap due to all of trading funds being ready in the exchanges. For the individual, we cannot profit it at all.

[Rastanan]

Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.

Arbitrage is quite risky. It takes time to transfer fiat and bitcoin into different exchanges. The time will cost money.

it must be done with a bot not manually, and fiat should already be there, when you see that you ran out of fiat you do another transfer the same day, not waiting for it to go to zero

Exactly. They have large amount of capital and are running  bot for arbitrage without time gap due to all of trading funds being ready in the exchanges. For the individual, we cannot profit it at all.

You have to trust the exchanges a lot to have many fiat /bitcoin in there. I only do short term trading in exchanges, so when I finish trading, I will withdraw my money.

[Amph]

Most exchanges that we can use in the uk are way over priced. Does anyone take advantage and use arbitrage or is it not worth the hassles registering, verifying, working out costs, doing the transactions, transferring wallet to wallet all for a couple of £.

Arbitrage is quite risky. It takes time to transfer fiat and bitcoin into different exchanges. The time will cost money.

it must be done with a bot not manually, and fiat should already be there, when you see that you ran out of fiat you do another transfer the same day, not waiting for it to go to zero

Exactly. They have large amount of capital and are running  bot for arbitrage without time gap due to all of trading funds being ready in the exchanges. For the individual, we cannot profit it at all.

You have to trust the exchanges a lot to have many fiat /bitcoin in there. I only do short term trading in exchanges, so when I finish trading, I will withdraw my money.

if in the future they can guarantee an insucrance for your funds like coinbase, it can be done more comfortably, your money would e safe and leaving fiat there would only increment your profit

actually i believe that leaving fiat, already, in any exchange is more safe then leaving bitcoin, because the hacker can not simply transfer it to an address, he need a bank account etc....