How can I buy Bitcoins in the UK now that Blockchain.info has suspended its deposits?

Question

After blockchain.info suspended Pingit, there is no convenient way to buy a small quantity of bitcoins. Any other alternatives to acquire bitcoins (mining or working are out of the questions.)

I've heard a SEPA transfer will allow UK bank accounts holders to utilize European exchanges, unfortunately I am concerned about the legality of these exchanges (ie: who owns/runs the exchange, for example.) As such I would like the company to be based in the UK, where I have more protection if the transaction goes awry.

possible duplicate of How do you obtain bitcoins? – Murch Sep 13 '13 at 15:40 — Murch, Sep 13 '13 at 15:40
doesn't mt gox allow bank transfers or cc payments? – Richard H Nov 06 '13 at 21:36 — Richard H, Nov 06 '13 at 21:36

score 8 · Answer 1 · answered Mar 31 '13 at 13:13

8

For small BTC purchases in the UK, https://localbitcoins.com/ (LocalBitcoins) is the only viable option right now that I know of.

There are other methods, mostly involving bank transfer arrangements, but be very careful to figure out how much you end up paying in total fees for it. It doesn't make much of a difference with large BTC orders, but for small amounts it's a fair % of costs.

answered Mar 31 '13 at 13:13

Mogsington

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SEPA purchases are callbackable up to 10 days, so if you trade over SEPA transfers make use you pick LocalBitcoins.com user with high reputation http://localbitcoins.blogspot.fi/2013/06/localbitcoinscom-bank-account-frozen.html – Mikko Ohtamaa Jun 24 '13 at 19:42

score 4 · Answer 2 · answered Apr 30 '13 at 20:21

4

QuickBitcoin (http://quickbitcoin.co.uk) accepts UK bank transfers for bitcoins. There are no fees, and transactions are very quick.

answered Apr 30 '13 at 20:21

user4749

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that looks well dubious and a rip off – Richard H Nov 06 '13 at 22:14
No fees but the exchange rate is pretty bad (approximately 5% higher than current market price at the time of writing). – assylias Jan 12 '17 at 13:18

score 1 · Answer 3 · answered Apr 30 '13 at 23:08

1

I have tried using BitBargain.co.uk - it is a cut above the Mt Gox price, but not as much so as QuickBitcoin. You'll likely get a better deal if you can find someone on LocalBitcoins though.

answered Apr 30 '13 at 23:08

George Pearce

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user7152 · Answer 4 · 2013-10-21T08:32:10.263

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I prefer to use the Bitcoin comparison tool found at: http://cheapbitcoins.co.uk - you can get the best prices for in GBP, because most bitcoin exchanges are not based in the UK.

edited Oct 21 '13 at 08:32

answered Oct 18 '13 at 10:51

user7152

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How can I buy Bitcoins in the UK now that Blockchain.info has suspended its deposits?

4 Answers4