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Author Topic: Best place for me to Buy and Sell Bitcoin from the UK?  (Read 343 times)
CoinsAreCoins
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April 21, 2013, 10:38:15 AM
 #1

Hello everyone!

Long time lurker looking to finally buy/sell some bitcoins! My question is where is the best place I can buy/sell coins?

> Obviously there is Mt.Gox and although they are most used no one seems to like them very much? My thoughts were maybe try using Mt.Gox with OKPAY?

> Then there's bitstamp but I think they may only accept transfers in EUR and not GBP? Plus I am not sure they have much volume on their site if I wanted to sell?

Any advice would be very helpful!

Thanks!
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CoinsAreCoins
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April 21, 2013, 01:54:45 PM
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anyone?

Surely there are people trading coins in the UK!?
Joshster
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April 21, 2013, 01:57:23 PM
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I am in the same boat as you buddy, I just try to buy privately using UK Bank Transfer.

If Bitcoin ever became widely used, we can all say we was in it from the start.
CoinsAreCoins
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April 21, 2013, 02:06:24 PM
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I am in the same boat as you buddy, I just try to buy privately using UK Bank Transfer.

Yeah I have thought about that but you don't always get the best price this way. And then how would you sell if you needed to quickly?
elebit
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April 21, 2013, 02:17:57 PM
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Then there's bitstamp but I think they may only accept transfers in EUR and not GBP? Plus I am not sure they have much volume on their site if I wanted to sell?

Is that a problem when you are in SEPA territory? I believe exchange fees are very low to nonexisting.

So far Bitstamp seems to work, volumes are very far from MtGox but that does not matter much unless you are investing very large sums. It does seem to stop working when they are under heavy strain from fast price increases or drops but that's pretty much par for any exchange site sadly.

I think MtGox offers SEPA transfers too, but there is a long waiting list to get your account cleared.
CoinsAreCoins
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April 21, 2013, 02:23:07 PM
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Then there's bitstamp but I think they may only accept transfers in EUR and not GBP? Plus I am not sure they have much volume on their site if I wanted to sell?

Is that a problem when you are in SEPA territory? I believe exchange fees are very low to nonexisting.

So far Bitstamp seems to work, volumes are very far from MtGox but that does not matter much unless you are investing very large sums. It does seem to stop working when they are under heavy strain from fast price increases or drops but that's pretty much par for any exchange site sadly.

I think MtGox offers SEPA transfers too, but there is a long waiting list to get your account cleared.

So maybe my best bet would be to use Bitstamp for now until I get a verified account on Mt.Gox and then use them?

Any idea on what fee they will charge for a UK bank transfer to Mt.Gox?
elebit
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April 21, 2013, 08:06:34 PM
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So maybe my best bet would be to use Bitstamp for now until I get a verified account on Mt.Gox and then use them?
Any idea on what fee they will charge for a UK bank transfer to Mt.Gox?

Probably. You can probably find your bank fees at their web page.
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