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Author Topic: where to buy BTC in £ sterling  (Read 530 times)
ThePrisoner
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April 17, 2013, 05:07:42 PM
 #1

I can't find anywhere to buy BTC in £ sterling.
Blockchain seems to have turned off UK deposits.
MT GOX has to be sent to Japan so that costs too much extra.
Any currency conversion adds 5-6% plus bank fees!!!!!
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nobbynobbynoob
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April 17, 2013, 05:08:41 PM
 #2

localbitcoins.com
bitbargain.co.uk

You'd do well to buy at anywhere nearly as low as the online-exchange prices on those sites, however.

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ThePrisoner
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April 17, 2013, 05:13:17 PM
Last edit: April 17, 2013, 05:26:19 PM by ThePrisoner
 #3

localbitcoins.com
bitbargain.co.uk

You'd do well to buy at anywhere nearly as low as the online-exchange prices on those sites, however.

yeah some of those sellers have 100% markups!!!!

average is 10% markup - how do they get away with it!!!
nobbynobbynoob
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April 17, 2013, 06:46:19 PM
 #4

localbitcoins.com
bitbargain.co.uk

You'd do well to buy at anywhere nearly as low as the online-exchange prices on those sites, however.

yeah some of those sellers have 100% markups!!!!

average is 10% markup - how do they get away with it!!!

Because they can.

The Gox price is presumably lower than OTC 'cause it's so hard to get fiat onto the exchange, especially from the UK.

Similarly, goldbrokers have rapidly sold out of shiny stuff after lowering their prices in tandem with the reported paper spot price (Galmarley, etc.). I find that quite telling: paper "gold" isn't physical gold in the hand.

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ThePrisoner
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April 17, 2013, 06:55:12 PM
 #5

localbitcoins.com
bitbargain.co.uk

You'd do well to buy at anywhere nearly as low as the online-exchange prices on those sites, however.

yeah some of those sellers have 100% markups!!!!

average is 10% markup - how do they get away with it!!!

Because they can.



Because other people seem happy to pay 10% over the MTGOX price?!
layerz
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April 17, 2013, 07:28:52 PM
 #6

It is interesting that the Mt Gox price is higher then BTC E
btcxchange
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April 17, 2013, 08:29:26 PM
 #7


Not an immediate answer to your problem but we are in looking to rectify... Keep an eye on https://btcxchange.co.uk  Smiley



stimpi
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April 17, 2013, 08:45:37 PM
 #8


Not an immediate answer to your problem but we are in looking to rectify... Keep an eye on https://btcxchange.co.uk  Smiley


Cheers, just registered for info. Will save facing the 100% mark-up when it opens.
nobbynobbynoob
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April 17, 2013, 08:58:35 PM
 #9

It is interesting that the Mt Gox price is higher then BTC E

Yes, it usually is, probably because it's even harder to move fiat into and out of BTC-e than Mt Gox.

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savemydinner
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April 17, 2013, 09:06:22 PM
 #10

BTW, does the MtGox support the VISA?
WikileaksDude
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April 17, 2013, 09:18:12 PM
 #11

I can't find anywhere to buy BTC in £ sterling.
Blockchain seems to have turned off UK deposits.
MT GOX has to be sent to Japan so that costs too much extra.
Any currency conversion adds 5-6% plus bank fees!!!!!

http://www.reddit.com/r/BitcoinUK/comments/1bri9a/getting_bitcoins_in_uk_cheap_guide/

Ur welcome.
JKJK
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April 17, 2013, 10:43:24 PM
 #12

I can't find anywhere to buy BTC in £ sterling.
Blockchain seems to have turned off UK deposits.
MT GOX has to be sent to Japan so that costs too much extra.
Any currency conversion adds 5-6% plus bank fees!!!!!

http://www.reddit.com/r/BitcoinUK/comments/1bri9a/getting_bitcoins_in_uk_cheap_guide/

Ur welcome.
wish i saw this earlier, i am trying the same method but no cashback  Angry
Zealot
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April 17, 2013, 10:45:12 PM
 #13


Not an immediate answer to your problem but we are in looking to rectify... Keep an eye on https://btcxchange.co.uk  Smiley


How much longer until I can stop pressing F5?  Grin
1m1nd
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April 18, 2013, 03:07:01 PM
 #14

I use TransferWise to make deposits into Bitstamp

You can your first international transfer free if you use the link in my signature  Smiley
coinedabit
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April 18, 2013, 03:55:46 PM
 #15

OR PAYPAL TO VIRWOX LINDEN DOLLARS. THEN EXCHANGE TO BTC. THEN SEND TO BTC-E, MT GOX, WHEREVER!
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