BuyBitcoin.sg introduces bitcoin purchase at 28,000 agents throughout the UK

[fimp]

www.BuyBitcoin.sg

Bitcoin reseller BuyBitcoin.sg announced that it is now accepting cash payments at thousands of locations throughout United Kingdom.

“We are excited to present the easiest and fastest way to buy bitcoins in United Kingdom” said Lasse Olesen, CEO of BuyBitcoin.sg. "When signing up at BuyBitcoin.sg you can choose to buy Bitcoins with a cash deposit. We simply send a cash payment confirmation that you deliver to one of our many agents. Within minutes the cash payment is confirmed and the bitcoins will be in your wallet."

To provide this service, BuyBitcoin.sg has partnered with ZipZap Inc. to manage the cash payment infrastructure.

In other words, BuyBitcoin.sg offers UK residents a consistent way to get bitcoins using cash without dealing with international payments. “This is a key piece of infrastructure that allows Bitcoin to grow further in the UK,” said Olesen. Try it for yourself at www.BuyBitcoin.sg.

About BuyBitcoin.sg
BuyBitcoin.sg is a website of DGT Pte Ltd, an international Bitcoin reseller based in Singapore. DGT consists of a team with years of experience in the digital currency exchange space. Founder and CEO Lasse Olesen is also known as the founder of trusted European Bitcoin reseller Bitcoin Nordic, which has been serving the European market since early 2012.
www.buybitcoin.sg
www.bitcoinnordic.com

About ZipZap Inc.
ZipZap, Inc. is the largest global cash payment network, enabling consumers to buy bitcoin with cash at over 28,000 payment center locations throughout the UK, with more territories coming soon. Founded in 2010, ZipZap is headquartered in San Francisco, California, with operations around the globe. For more information about ZipZap, visit http://www.zipzapinc.com.

Contact                                                                                    
DGT Pte Ltd (BuyBitcoin.sg)
1 North Bridge Road #03-23
High Street Centre
Singapore, 179094
E-mail: mail@buybitcoin.sg

ZipZap Inc.
San Francisco
California
E-mail: press@zipzapinc.com

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Instructions:

• Select a payment center
• Upload ID and fill in details
• After approval of ID you'll receive payment slip by e-mail
• Go to payment center and pay

============

Confirmed by ZipZap: https://twitter.com/ZipZapInc/status/430483219704578048

[Barek]

Exchange rate? ZipZap fees? Other fees?

Daily/Monthly limits?

Could not find those on the website.

[fimp]

Exchange rate? ZipZap fees? Other fees?

Daily/Monthly limits?

Could not find those on the website.

In the process of creating an order you will see amount limits per transaction and estimated price and BTC amount to receive.

[Barek]

In the process of creating an order you will see amount limits per transaction and estimated price and BTC amount to receive.

Thanks for the answer. Here are some number just to get an idea. Honestly, I had expected worse.

Hillside Mini-Mart, London (10-300 GBP)

Amount to pay: 300 GBP
Base fee: 3.95 GBP
Remaining amount: 296.05 GBP
Estimated price per BTC: 537.84 GBP per BTC (google: $877)
Estimated bitcoins to receive: 0.55043804 BTC

Finally, very nice coverage. Hope many people use it.

[davidpbrown]

hmm. I don't understand why this isn't obviously announced from ZipZap side and why their website http://www.zipzapinc.com/ suggests CashCoin coming soon http://cashcoin.zipzapinc.com/ and no mention of BuyBitcoin.sg  Nothing obvious from their mailing list about this either.

Is this for real?

[fimp]

hmm. I don't understand why this isn't obviously announced from ZipZap side and why their website http://www.zipzapinc.com/ suggests CashCoin coming soon http://cashcoin.zipzapinc.com/ and no mention of BuyBitcoin.sg  Nothing obvious from their mailing list about this either.

Is this for real?

Definitely. Feel free to create a test order and see that you will receive a payment slip sent directly from ZipZap.

[gentlemand]

That's not as horrifically expensive as I was expecting actually. Only about £15-20 above localbitcoins.

[il--ya]

hmm. I don't understand why this isn't obviously announced from ZipZap side and why their website http://www.zipzapinc.com/ suggests CashCoin coming soon http://cashcoin.zipzapinc.com/ and no mention of BuyBitcoin.sg  Nothing obvious from their mailing list about this either.

Is this for real?

Unauthorized resellers at best, scammers at worst. I'm not going to trust them with my identity info.

Update:
I've got an e-mail from zipzap
Matt ##
Hi there,
They’re for real, fear not! We just tweeted about it on our twitter account as well (@zipzapinc) to confirm.
Best,
--matt

[fimp]

hmm. I don't understand why this isn't obviously announced from ZipZap side and why their website http://www.zipzapinc.com/ suggests CashCoin coming soon http://cashcoin.zipzapinc.com/ and no mention of BuyBitcoin.sg  Nothing obvious from their mailing list about this either.

Is this for real?

Unauthorized resellers at best, scammers at worst. I'm not going to trust them with my identity info.

We've been in the Bitcoin reselling business for years with www.BitcoinNordic.com

Google my name "Lasse Birk Olesen" and you'll find plenty of mentions.

We've been working with ZipZap on this for the past five months or so. I'll ask them to post about us on Twitter and Facebook.

[Mowcore]

Awesome! I can buy bitcoin at work!

[mattmihaly]

Good stuff! Glad ZipZap can help.

[fimp]

hmm. I don't understand why this isn't obviously announced from ZipZap side and why their website http://www.zipzapinc.com/ suggests CashCoin coming soon http://cashcoin.zipzapinc.com/ and no mention of BuyBitcoin.sg  Nothing obvious from their mailing list about this either.

Is this for real?

ZipZap confirms: https://twitter.com/ZipZapInc/status/430483219704578048

[cozytrade]

From T&C:
"Price: By transacting on BuyBitcoin.sg you agree that the shown prices are only estimates, and that the actual price you will get in buying or selling will be the effective Bitcoin market price at the time of completion of the transaction."

mmm.. Whichever the rate is good or not, what we can see in the process of order is estimated rate and won't be able to confirm even when we hand over the cash. Is my understanding correct?

[fimp]

From T&C:
"Price: By transacting on BuyBitcoin.sg you agree that the shown prices are only estimates, and that the actual price you will get in buying or selling will be the effective Bitcoin market price at the time of completion of the transaction."

mmm.. Whichever the rate is good or not, what we can see in the process of order is estimated rate and won't be able to confirm even when we hand over the cash. Is my understanding correct?

Correct. We give you 72 hours to perform the payment, so we can't lock in the rate. But if you pay 10 minutes later you're very likely to get the rate you saw on the website.

[cozytrade]

We give you 72 hours to perform the payment, so we can't lock in the rate. But if you pay 10 minutes later you're very likely to get the rate you saw on the website.

Thank you. I was afraid to proceed to the pricing screen. Can I cancel the order after seeing the on-going estimated rate on screen with no penalty then? Another question is does the rate vary by the location? If not, I wish to see the rate on top of the screen or API.

[fimp]

Thank you. I was afraid to proceed to the pricing screen. Can I cancel the order after seeing the on-going estimated rate on screen with no penalty then? Another question is does the rate vary by the location? If not, I wish to see the rate on top of the screen or API.

There are no penalties.

Price is the same regardless of location. We are adding a price ticker to the header soon.