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Author Topic: Looking for an exchange in U.K.  (Read 74 times)
Looden
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August 07, 2018, 11:07:18 AM
 #1

Hi, I'll travel to U.K. soon, and having problem about getting some informations.
In my country, there re many exchanges working via bank transfer method for deposit some FIATs without commissions, and instant.
Checked many exchanges in UK but almost all working with SEPA. Opening EURO bank account is very hard and expensive in UK. So SEPA is not an option for me.
I just need transfer some GBP to an exchange without commissions/fiat2fiat conversations and buying some BTC or major alts.
Can you share me your informations pls? Thank you.
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August 07, 2018, 06:02:19 PM
Merited by Looden (1)
 #2

UK banks are tracking all transactions related to bitcoin, with investigations being carried out. For this reason, many trading platforms are not keen/avoid to deal with these banks.
I read a lot about this, and this is a summary of some recommendations:

 - coinfloor[1]: Many people recommend this site, and there is a complaint of high minimum withdrawals.
 - Revolut[2]: from Revolut ----> Euro ----> GBP.

I didn’t try any site, and you must research before sending money.

For more information, visit this site[3].

[1] https://www.coinfloor.co.uk/
[2] https://www.revolut.com/?lang=en
[3] https://www.reddit.com/r/BitcoinUK

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August 07, 2018, 07:10:13 PM
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I think thats not possible. As hugeblack said, transactions are strictly monitored in most of the European countries, a lot of banks even want allow you to transfer money to exchanges.
Major European exchanges like Bitstamp support credit cards, maybe thats an option for you?

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August 07, 2018, 08:02:40 PM
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The problem with the UK comes from the FCA. However, OP can take a look at Coinbase and CoinbasePro (AKA GDAX) because the company recently got the e-money license required (and it's something very hard to get there, hence not a lot of exchanges are able to provide their service) You can read about it here It aims almost instant transactions

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August 07, 2018, 11:25:05 PM
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I think using coinbase is your best option if you are in UK. If you can verify your account then you can make exchange your bank accounts or credit cards for pounds sterline without difficulty.

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Looden
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August 09, 2018, 12:05:52 PM
 #6

Thank you very much guys for helping.
I had read em'all carefully and will check the sites.
Verification is not a problem for me, have UK passport already.
Coinbase , when I check last time, couldnt accept direct GBP transfers, was SEPA based too, but Ill check again.
Thank you again.

EDIT : seems coinbase updated the status of GBP deposits. working on it.
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August 09, 2018, 12:36:18 PM
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Coinbase is rolling out the GBP thing gradually. I don't have it yet.

That'll be the only proper UK exchange when it's up and running. Coinfloor has high limits now and you have to send money to Poland. The UK's always been shit for this. I've seen some people mentioning Wirex as pretty painless but I haven't used it myself.

http://bittybot.co/uk/buy-bitcoin-uk/

Looden
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August 09, 2018, 02:13:33 PM
 #8

Weird things Smiley
Find a company that says in London, address in Moskow, phone numbers form Zurich Smiley
Looden
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August 09, 2018, 03:49:01 PM
 #9

UK banks are tracking all transactions related to bitcoin, with investigations being carried out. For this reason, many trading platforms are not keen/avoid to deal with these banks.
I read a lot about this, and this is a summary of some recommendations:

 - coinfloor[1]: Many people recommend this site, and there is a complaint of high minimum withdrawals.
 - Revolut[2]: from Revolut ----> Euro ----> GBP.

I didn’t try any site, and you must research before sending money.

For more information, visit this site[3].

[1] https://www.coinfloor.co.uk/
[2] https://www.revolut.com/?lang=en
[3] https://www.reddit.com/r/BitcoinUK

I was checking the coinfloor.
Trade fees are global. Deposit fees acceptable(5 GBP per transfer), but min. deposit amount and withdraw GBP fees are very high.
Its limiting the processes. But I will withdraw crypto only if I buy from here, so its not a problem, global fees on that too.
Looden
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August 13, 2018, 01:27:06 PM
 #10

Let me share some informations about Coinbase since refered from this topic.

Account verification completed in 2 days without any problem.
I tried to deposit direct GBP, was unsuccessfull. They have said, "We re having some issues about GBP wallet, Its not ready to use yet".
Also, I've asked about CC deposit, It wasnt working too yet.
They have no time to full work.
Waiting...
gentlemand
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August 13, 2018, 02:36:27 PM
 #11

Let me share some informations about Coinbase since refered from this topic.

Account verification completed in 2 days without any problem.
I tried to deposit direct GBP, was unsuccessfull. They have said, "We re having some issues about GBP wallet, Its not ready to use yet".
Also, I've asked about CC deposit, It wasnt working too yet.
They have no time to full work.
Waiting...

It's still several weeks before everyone has access to GBP on coinbase. It's a greyed out option for me to deposit still.

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September 15, 2018, 05:46:11 PM
 #12

Let me share my experience about coinbase.
All the processes below, realized today.

I had an account on coinbase already.
I linked a GBP account(my bank is NatWest). They wanted to get verified my bank account with 2 GBP transaction.
System gave me a referance ID and I made a wired transfer. It was instant, even weekend, and diff. bank. They use Barclays accounts.
About 5-10 mins, they have send an email about 2 GBP transfer and verification.
When I check the dashboard, I see the 2 GBP.
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