BTC in the UK?

[BTC-UK]

Anyone know of the best way to get BTC in the UK? It would seem that all the big exchanges no longer accept payment from us Brits

[naphto]

You can always pay in EUR or USD. You just have some exchange fees.

[BTC-UK]

Thanks for the advice. Is there any way of getting btc by uk bank transfer?

[naphto]

https://bitcointalk.org/index.php?board=53.0

[xnerd]

You can always pay in EUR or USD. You just have some exchange fees.

[BTC-UK]

Ahh I see nice one thanks for your time!

[bowen151]

I have 2BTC up for sale by way of FPS transfer today

PM me

[AlexNeto]

On LocalBitcoins right now you can buy BTC for gbp bank transfer bellow MtGox rate. So, forget about exchanges.

[naphto]

You can always pay in EUR or USD. You just have some exchange fees.

This.

[Lethos]

Why are so many suggesting paying in other currencies, when there is:

https://bitbargain.co.uk/
&
https://localbitcoins.com/

I've sold on both, very easily with minimal fees, which easily beats the fees that can accumulate when you starting buying or selling via exchanges and/or people outside of the UK.

[djalexr]

https://bitbargain.co.uk/
&
https://localbitcoins.com/

+1

[george51]

Why are so many suggesting paying in other currencies, when there is:

https://bitbargain.co.uk/
&
https://localbitcoins.com/

I've sold on both, very easily with minimal fees, which easily beats the fees that can accumulate when you starting buying or selling via exchanges and/or people outside of the UK.

Agreed!

[ndr76]

I had the same problem.
I used bitbargain.co.uk for a while and it worked fine. The commission you pay is huge but It can be good if you just need a one-off small amount of btc.
If you need bigger amounts, or if you buy btc regularly, you should definitely look for a proper exchange site as the fees are much much lower.
I'm using bitstamp.net now and it works very well: low fees, and you can also place buy/sell orders at a certain price. Careful with becoming a trader though as it could lead to ruin =)
The only drawback is that you have to deposit by using a SEPA payment which takes 2-3 days. (what a reminder that bitcoin is the future!)
Also you might want to do big amounts as my bank (RBS) charges me a fixed £10 for each SEPA deposit.
Still quite convenient thought as with my bank SEPA can be done with internet banking.

I never tried MtGox. It has higher volume of trade which is a good thing, but it is more prone to go offline due to DDOS attacks, and I read it is a pain to get registred/verified.

[fuzzster]

https://bitbargain.co.uk/
&
https://localbitcoins.com/

+1

+2

[Lethos]

Typically speaking for Buyers;
- Bitbargin prices are usually 0~2% of Mtgox prices in GBP.
- Localbitcoin (UK) prices are usually -2~0% of Mtgox prices in GBP.

Add in the fact those can be done with free instant bank transfers, fees and commissions are very reasonable, compared to exchanges.
I don't doubt, you might sometimes get a better price before fees, commission etc on an exchange, but it doesn't always work out best.

[bearpig]

I had a fairly easy process using BitStamp.com and sending funds via SEPA.

[BTC-UK]

I spoke to my bank and they want £25 for a sepa transfer. Fuck that! Bowen I will contact you tomorrow to see if your offer still stands. Thank you.

[fly]

good post