Cheapest way to buy BTC UK : BitcoinUK

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Thank you.

Ive heard Kraken is good but looks like it needs to be SEPA.

Im looking for something that i can buy with normal bank transfer.

Coinbase has this for UK.bank transfers are always free and takes about 1 or 2 hours for me.

Where’s the best place to buy Bitcoin at the moment, in the UK? By best I mean safe and trustworthy, and purchased to store in Electrum wallet, not CoinBase et al. I’ve used Bittylicious in the past (years ago), and I see they’re still going. I know I could Google/Bing/DDG but I’d value user opinion.

Coinfloor, Bittylicious, LB and the Bisq exchange are all good options in UK.

We launched a few weeks ago and are hoping to disrupt the likes of Coinbase with a number of key features:

We’re one of the first crypto trading platforms to secure supportive UK banking

Currently, we can offer 4 cryptocurrencies for you to trade between: Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

Despite the subreddit full of complaints, it’s easy to use and quite reliable, at least for SEPA transfers in Europe. Plus if you register at GDAX too (also part of Coinbase) you’ll pay no fees.

Get a Revolut account. Top it up in GBP via your debit/credit card or via domestic GBP bank transfers (they support Faster Payments, I believe).

Convert the GBP to EUR.

Generate a personalised unique IBAN.

Send EUR via SEPA from your personalised IBAN to Kraken and trade BTC/EUR.

The exchange rates you get with Revolut when converting between currencies is the best available interbank rate during forex trading hours (i.e. during work hours Monday to Friday, not in weekends or on holidays) and there are no fess for conversion or topups.

I’m looking to withdraw crypto worth a couple of thousand (GBP) from Binance. I’ve read alot of horror stories, so not sure what the safest method is.

Revolut seems the easiest but I’ve heard of accounts getting blocked.

So,

Does anyone have experience of sending this amount into their Revolut account and then withdrawing into their GBP account?

Do you think transferring from Binance to Coinbase, then coinbase to GBP account would be safer from your experience?

I got into crypto around October, initially I just wanted to buy BTC and hodl but I found about trading and making little more money.

I borrowed 10k from family and friends to invest, i was doing good making little profit from day trading. Then I entered few bad trades, coupled with BTC price dump I lost 6k as things stand.

Do I have to tell HMRC and pay tax? ..

This question gets asked a lot on this sub, so I decided to make a comprehensive guide, should serve as a good guide for anyone in the UK who wants to get into bitcoin, so please do refer any beginners here.

Hi I’m having an error at 3:22 in your video, instead of proceeding, Revolut says “Request for your bank transfer has failed”. Another redditor had the same problem, but how it was resolved isn’t clear.

Edit: Solved it! Comment from youtube says you need to activate your EUR wallet on Revolut, see videoschmo’s comment below:

“For anyone struggling, you active your “Euro account” on Revolut like this: Press lines in top left of screen, press EURO under active accounts, follow steps”

Have you got one for selling? Getting money out seems harder than getting in 😮

I can make another guide, but it is the exact same process in reverse.

I have a coinbase account and have made very light purchases in crypto.

I would like to buy at least two bitcoin at this point.

Is coinbase a safe place to do that?

Many of the largest exchanges will usually offer a relatively “safe” experience, however as soon as you purchase it is good practice to immediately withdraw your Bitcoin balance to your own personal wallet (where only you know the private keys).

I use Kraken for over a while now, plus they’ve got support chat when I needed help. there’s not other exchange I trust more since they are said to be very security minded… I’ve not regretted my decision.

Since you already have a coinbase account, log in to http://pro.coinbase.com and deposit funds into your account with an ACH bank transfer (no cost, but takes a little time to clear).

I’m asking for a friend who isn’t familiar with the tech so am looking for the easy options.

Can you buy Bitcoin through your Blockchain wallet with a credit card or am I misremembering?

Atms, local Bitcoins, or quite a few exchanges look at bitcoin UK sub for more info.

Ok so I’m looking to get about £530 worth of bitcoin which is about 0.11 bitcoin. I have the money on my card, and wondered what the best website would be to buy these bitcoin and put them into my wallet. Is there any precautions I have to take to make sure I don’t get mugged off and it’s all safe. Thanks for any feedback

This! Just be sure to create your own wallet and keep your funds safu after you acquire it 🙂

Ask around your communities to see if anyone has Bitcoin that they want to sell to you. Alternately, find some local Bitcoin groups and attend a meetup or something.

Ok thank you, this is what we usually do, but our mate currently has no bitcoin and we need some now, so gonna have to buy some

Easiest is just to buy on coinbase.

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I only use local bitcoins mate you pay a little more but it’s peer to peer and better for the community imo. Using big services like coinbase just increases centralisation

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