★ Bitcoin Magnet ★ Buy & sell bitcoins automatically using your UK bank account!

[Bitcoin Magnet]

Delayed payments today until 5PM GMT. Apologies for any inconvenience.

Thanks for letting us know

No probs. All back to normal now. Sorry for the delays.

[IanFoxley]

Delayed payments today until 5PM GMT. Apologies for any inconvenience.

Thanks for letting us know

No probs. All back to normal now. Sorry for the delays.

Got my payment! Thanks for nice service as always.

[Bitcoin Magnet]

0% (Zero fees) today for BUYING BITCOIN 

[eugene2878]

Sent 20 pounds yesterday 8 pm. Still nothing. Please send me my money back.

[Bitcoin Magnet]

Sent 20 pounds yesterday 8 pm. Still nothing. Please send me my money back.

I am in contact with you via email (communication established last night). Your reference code was not included in the bank transfer (for whatever reason) so it meant that your payment could not be converted into bitcoin and sent on to you. You can get a refund - no problem, just let us know your bank details.

UPDATE: Refund has been sent.

[eugene2878]

Can confirm transfer was refunded. Bank did not include reference for some reason hence the trouble.

[Bitcoin Magnet]

Can confirm transfer was refunded. Bank did not include reference for some reason hence the trouble.

It looks like payments from Natwest are not showing a reference number until cleared. I'll update the website to warn others. Thanks for your understanding.

[Bitcoin Magnet]

Info

Double-spending
Please do not send us two identical GBP payments in the same day. Our system will only process one of the payments, even if you are within your daily limit. This restriction does not apply to BTC payments sent to us.

Limits
The limits are currently £10 minimum and £100 maximum (or equivalent in BTC). It is OK if you are slightly above or below these limits (there is a 10% leeway), but any serious deviation could delay your order from being processed. We aim to increase these limits in due course and will send you an email to let you know when it happens.

New features

Automated confirmation
Within 5 minutes of sending your order through to us (by either a bank transfer or bitcoin payment) you will receive a confirmation email outlining the bitcoin price secured and the amount that will be sent to you. The actual payment processing part will remain a manual process and should follow shortly afterwards. In normal working hours this will be between 10 minutes and 1 hour.

Planned features

Automated payments
We aim to fully automate GBP and BTC payments by the end of November.

Referrals
We aim to implement a referral scheme by the end of December.

Loyalty
We aim to implement a loyalty scheme by the end of December.

TBC
If you have a feature request, please email us (info@bitcoinmagnet.co.uk) and we will see what we can do.

Thanks  

[Bitcoin Magnet]

Sorry for the delays this morning

[Bitcoin Magnet]

Apologies for the delays this morning (30 mins instead of 5 mins for the confirmation emails to be sent). Teething troubles should now be sorted and everything back to normal 

[Bitcoin Magnet]

There will be delays for buying bitcoin overnight (there is currently an online banking issue). Selling bitcoin is unaffected. Hopefully service will resume in the morning.

[Bitcoin Magnet]

There will be delays for buying bitcoin overnight (there is currently an online banking issue). Selling bitcoin is unaffected. Hopefully service will resume in the morning.

Service resumed 

[Bitcoin Magnet]

We're having a few problems sending out confirmation emails to AOL and Gmail addresses. Problem should be resolved at some point later today.

[Bitcoin Magnet]

Mobile friendly version of the site created 

[Bitcoin Magnet]

Service is good at the moment - all orders will be completed within 5 minutes. It would be great to get more feedback from our customers. You can fill out a feedback form here and we will publish it on the site 

[Bitcoin Magnet]

Possible delays of up to 1 hour for orders placed today. Normal service will resume at 7pm GMT.
You will still get the bitcoin price at the time of transaction, so it's just the actual payment / email confirmation that will be delayed.

[Bitcoin Magnet]

Everything back to normal now. We are working to improve the system but this will take time. If the exchange rate changes during a delay then we will give the benefit of the doubt to the customer, or simply not charge a fee - either way the customer will not lose out. We are working on a better way to notify everyone of these delays too, more to be announced soon.

0% fees tonight for selling

[Bitcoin Magnet]

Flash discount: Sell your coins at Bitstamp -1% prices tonight (that's 1% extra free money!) 

[L3G1T]

Looks like a pretty good service to me.

[Bitcoin Magnet]

  -1% selling fees (that's a negative fee = free money!) again tonight (until 01:00 GMT)