GUIDE - NEW way of buying Bitcoins in the UK quickly and cheaply

[michaelGedi]

Hi guys,

I wanted to share this guide with you that I have written on buying bitcoins cheaply and quickly from the UK and trading on the various exchanges.

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


It's a great new method for starting trade from the UK and minimising transfer fees and exchange rates. Feel free to use my referral link to TransferWise (from the guys who created Skype) and you'll get one free transfer.

[yogi]

Thanks, can you also add the procedure for selling coins in the UK.

[michaelGedi]

Using this method I would sell my bitcoins at the exchange, and then select withdrawal on the Bitstamp website.

You can withdraw directly to your UK bank account using your IBAN and BIC codes. You can find these on your bank statement. Just fill in the withdrawal form on the exchange website...



There are also other ways to sell bitcoins in the UK that I have not used. You can download the coins into your wallet and try one of these methods.

https://localbitcoins.com/country/UK/

https://bitbargain.co.uk/sell

[MGUK]

Nice, did you find that method...? What other methods did you try to get there?

[BTCs]

ohh thanks!

[michaelGedi]

no problem

This method is adapted from another very similar method I discovered.

I previously used UKash/CashU to deposit quickly with MtGox, but the charges and commissions are ridiculous I just did that because I was impatient. I also used bank wire to AurumXchange to buy MtGox tokens - after waiting for validation, but again expensive and sometimes a long wait time - my bank's exchange rates were at the corporate rate and the charges to transfer to Europe are high.


This is by far the easiest and cheapest way at the moment to trade on the exchanges from the UK.



If anyone discovers an improvement please post here and let us know

[WikileaksDude]

Nice Copy paste from my blog.

Check the date and see made the blog first.

[michaelGedi]

Nice Copy paste from my blog.

Check the date and see made the blog first.

kind sir you are correct.

This method is adapted from another very similar method I discovered.

I have been transparent about this - if you scroll to the bottom of my blogpost (which I tried to write out in an easier to read format than your long sentence structure), I have credited you.


Also, the blogpost I am sharing contains my referral link, not yours, thank you and happy bitcoining

[jlchcc]

In the spirit of sharing dear OP, you can also have a look at this:

If you still wanna buy Bitcoins in the UK, directly without intermediators on ebay or other pages (with huges fees) is difficult, I made this guide with a simple process:



http://howtogetbitcoinsuk.blogspot.co.uk/

[MGUK]

Nice Copy paste from my blog.

Check the date and see made the blog first.

Awwww you beat me to it! I had you link ready to post and everything. Hook line n sinker.

[buddrulez]

So many wana be bloggers!