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Author Topic: Cheapest & Quickest Way to Buy Bitcoin in UK?  (Read 1404 times)
bitcoinbot (OP)
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October 08, 2014, 10:04:45 PM
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I seem to be collecting multiple registrations that I would like to buy Bitcoin from but they are either too expensive or they make it difficult to buy Bitcoin from.
I would like to buy using bank transfer.

I have tried
Bitbargain
Localbitcoins
coinbase
circle
coinfoor
btc-e

Thanks
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franky1
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October 08, 2014, 10:10:36 PM
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thats the point. the easier it is to buy from, the more expensive you will find the premium.
the harder to buy from the cheaper the price is as hardly anyone is sing it thus demand is not there

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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October 08, 2014, 10:44:12 PM
 #3

Coinfloor seemed pretty solid (once you get through the KYC, etc) but they just lost access to Faster Payments.

Localbitcoins is probably the easiest - try cash (in person) purchases, they tend to be cheaper.

You could always try here (in the currency exchange sub forum).

Mycelium app is another option, not sure how popular it is though.  Worth a shot.
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October 08, 2014, 10:54:06 PM
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Coinfloor seemed pretty solid (once you get through the KYC, etc) but they just lost access to Faster Payments.

Localbitcoins is probably the easiest - try cash (in person) purchases, they tend to be cheaper.

You could always try here (in the currency exchange sub forum).

Mycelium app is another option, not sure how popular it is though.  Worth a shot.

Localbitcoins transactions in cash can attract a humongous premium.

I've used bittylicious the most. It's very quick and painless.

You have to keep a careful eye on sites like that though. Bittylicious prices completely depend on the seller at the time. Sometimes they're very close to exchange prices, other times they're ludicrously over.

bittybot.co.uk has a good overview of UK availability.
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October 08, 2014, 11:00:00 PM
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quickly=high fees
I would recommend you bitstamp or kraken,because kraken does not require verification for "low" amounts
the time it depends on the bank wire
CUNÉGONDE
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October 09, 2014, 04:27:29 AM
 #6

BTC-e price is lowest, but the fee is high,

Localbitcoins always has a ridiculously high price,

coinbase and circle, they are changer not exchange, their prices usually increase a few percent on the basis of some one exchange offer, so they are certainly not the cheapest.

coinfloor, a London-based exchange, you can buy Bitcoin directly by pounds, I never used it but maybe you could try.


In addition, in Europe you can use SEPA to buy bitcoins, there are are two exchange you can choose, Bitstamp and LakeBTC, fees are only 0.1-0.5%. Generally, if you just buy less bitcoins, bitstamp will be cheaper, but if you need a lot of Bitcoins, the LakeBTC is cheaper.

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October 09, 2014, 09:41:38 AM
Last edit: March 17, 2015, 10:39:16 PM by nanonanouk
 #7

The easiest and cheapest option for buying bitcoins in the UK has to be https://zipzapinc.com. You can pay in cash at over 27,000 locations in the UK and the price is only 2% above CoinDesk BPI.

We will be adding ZipZap to http://BittyBot.co/ soon.
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