7

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.

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.

4

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

  • that looks well dubious and a rip off – Richard H Nov 6 '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
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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.

1

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.

protected by Community Nov 7 '13 at 8:07

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