Bitcoin Forum
May 10, 2024, 12:41:45 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Cheapest way to buy Bitcoins with GBP in UK Bank Account.  (Read 1788 times)
nibor (OP)
Sr. Member
****
Offline Offline

Activity: 438
Merit: 291


View Profile
August 10, 2011, 12:03:19 PM
 #1

I only want to buy a few 10's so market liquidity is not that important.

Has anyone done the analysis?

Options I seem to have are:

1) Transfer to MtGox in GBP. They convert into USD and then buy their.
2) Use Britcoin. Here I think I will incur lower fees, but not such a tight spread?

Any other options that are more efficient?


Thanks

1715301705
Hero Member
*
Offline Offline

Posts: 1715301705

View Profile Personal Message (Offline)

Ignore
1715301705
Reply with quote  #2

1715301705
Report to moderator
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715301705
Hero Member
*
Offline Offline

Posts: 1715301705

View Profile Personal Message (Offline)

Ignore
1715301705
Reply with quote  #2

1715301705
Report to moderator
1715301705
Hero Member
*
Offline Offline

Posts: 1715301705

View Profile Personal Message (Offline)

Ignore
1715301705
Reply with quote  #2

1715301705
Report to moderator
Ten98
Sr. Member
****
Offline Offline

Activity: 1008
Merit: 250


View Profile
August 10, 2011, 12:57:07 PM
 #2

Britcoin all the way.
BTCnewbie
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
August 15, 2011, 10:23:33 PM
 #3

I use mtgox UK account and they place dollars in my mtgox account within a couple of days. Buy the bitcoins, sell them for profit on britcoin and withdraw direct to my UK bank account.
The circle is quite tedious.
Callius
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
August 15, 2011, 10:50:12 PM
 #4

Personally I'd use britcoin as you'll get no fees so not have to account for them if you're speculating.
Ten98
Sr. Member
****
Offline Offline

Activity: 1008
Merit: 250


View Profile
August 16, 2011, 12:05:15 AM
 #5

I use mtgox UK account and they place dollars in my mtgox account within a couple of days. Buy the bitcoins, sell them for profit on britcoin and withdraw direct to my UK bank account.
The circle is quite tedious.

Just a friendly warning, if you do that enough times with enough money, your bank & the inland revenue are going to start asking some questions about what it is that you're doing...
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!