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14224108 No.14224108 [Reply] [Original]

Have UK Bank Account

Want to buy BTC

Where?

UK Bros pls help

>> No.14224185

This is HMRC, it seems you have an outstanding tax payment. Pay it immediately or receive a court summons.

>> No.14224184

anyone

>> No.14224211
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14224211

>>14224185
that'd be funny if it wasn't true

i just want internet money now pls help

>> No.14224239

Coinbase you fucking retard

>> No.14224267
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14224267

>>14224239
i did
created an account
verified
added my account
clicked verify account
they said "send £2" and I did with a code on the ref
they sent me back £1 a day later
now what???
I phone them up they say they refered it to specialist and no timescale pls call back later in a week... wtf?!!? It's been 2 weeks already.

>> No.14224468

anyone UK use something other than CB?

>> No.14224510

>>14224108
coinbase > coinbase pro (less fees)

>> No.14224533

>>14224468
yes.
but i got anally raped on fees.

>> No.14224568

>>14224533
so what do you use if not coinbase.
i really dont care about fees.
i'm dumping 10K in crypto and forget it for 5 years

>> No.14224735

Localbitcoins obviously

>> No.14224780

How much are you buying?
If it's only a small amount, the cheapest and quickest way is:
Your bank > Revolut (convert to EUR) > Coinbase EUR > Coinbase Pro

>> No.14224781

Bitstamp. Or if you jus want BTC exposure, revolut

>> No.14224846

>>14224781
>>14224780
ok will try Revolut > CB EUR

What's bitstamp anyway? can you link that to UK bank card you ever done that?

>> No.14224852

Wirex anon, download the app you'll need to KYC but I got verified in literally 30 seconds. Then you can buy with your card or bank transfer. I've used it for months now and it's perfect. Thank me later

>> No.14224863

>>14224846
you don't have to revolut to eur anymore. just deposit £ and buy on coinbase pro.

>> No.14224879

>>14224780
You know that CB has GBP pairs right?

>> No.14224892

>>14224863
UK coinbase now holds any fiat and any crypto you purchase with that fiat for 5 days now. Avoid at all costs

>> No.14224895

>>14224863
that's what i'm saying doesn't work m8.
I try to link the card they say nope lol not supported, then i try to link the bank account they say ok send us £2 which I did they sent £1 back then NOTHING don't see bank account in dropdown.

>> No.14224930

>>14224852
>>14224895
See

>> No.14224934

>>14224892
oh. haven't bought in a long time.
>>14224895
wirex, bittylicious, localbitcoins, bitpanda. if you're new i would try the first two. small amounts first.

>> No.14224969
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14224969

>>14224108

> kek

>> No.14224992

>>14224895

uk here.i just buy on cionbase with my bank card no problem. fees are like 4% though. last bought one ltc last week, no issues.

>> No.14225085

>>14224992
Are you a normie who is just keeping it on coinbase or are you hit with the 5 day hold too?

>> No.14225102

>>14224108
Bittylicious for small amounts.
Bitstamp for larger amounts.
Buy with your bank account on both.

>> No.14225107

>>14224934
>wirex
ok i read up on wirex not touching that... looks like u put in more than 2K it goes bye bye
might go the localbitcoins route desu at least there's a person you can beat the fuck up if they dont give you cones

>> No.14225109

>>14224108
bitbargin. Instant UK transfer and takes about 3-4 minutes total. No verification needed if you're not trading as a business.

>> No.14225121

>>14224185
Not how it works. If you improperly file your tax it rolls into next year. If you're late for most things you have around 30-40 days before they even warn you about it. Everything here moves so fuckin slowly - while technically it's quite strict, it's really not.

>> No.14225134

>>14224468
Yes, bitbargain. Direct purchase, no fees. Just adds to your account and move it to the exchange of your choice.

>> No.14225135

>>14225121
i find if i pay half my tax they leave me alone

>> No.14225137

>>14224108
I have some retained earning in a UK company
Any BTC ETF which I can use and it's UK compliant?
Can I buy BTC as company investment?
We need an UK accountant here

>> No.14225141

>>14225107
just do a bank transfer on localbtc or bittylicious.

>> No.14225157

>>14225135
Pretty much. I was broken into 4 years ago and the cunt owes around £1800 in fees. Every 6 months he pays £20 to the court and they 'reset the clock' on chasing him for the money. If he completely fails to pay, it's like 3 years prison. But dribs and drabs keep his head above water.

>> No.14225175

>>14225085

nah mb i shuttle it off elsewhere straight away and ive encountered no 5 day rule.

Maybe its your banks policy, rather than cb, because i do remember my payment didn't go through immediately the first time, but I got a text from my bank saying 'did you make this transaction Y/N?' I replied 'Y' ad Coinbase complied immediately.

>> No.14225180

>>14225137
I buy BTC in UK under my LTD business. I set up bis account with verification on bitbargain. Write it into your accounts as investment, and you don't have to note any losses or earnings until you withdraw back into the company accounts. At which point, you have to provide full statements from exchanges/platforms etc. That's it.

>> No.14225235

>>14224846
Just saw your post above about £10k. The free tier of Revolut has a foreign exchange limit of £5k, so don't bother with it.
>>14224863
You can only deposit GBP to Coinbase Pro using SWIFT which most banks charge for. Coinbase supports faster payments which is free.
>>14224879
Why pay higher fees on CB when you can easily transfer to CBP?
>>14224892
Be aware of this, there is now a 5 day hold on all GBP transfers to Coinbase. If you send EUR there is no hold which is why I recommended Revolut.

Also, read this guide
https://quickpenguin.net/cheap-bitcoin-uk/

>> No.14225279

Can you use any accountant in the UK or do they need to know about crypto when I cash out. Have about 30k sitting on my ledger

>> No.14225327

>>14224108
Binance Jersey.
https://www.binance.je/en

>> No.14225335

>>14225235
>Be aware of this, there is now a 5 day hold on all GBP transfers to Coinbase.

Is this maybe just for bank transfers? i bought coin on coinbase with my card last week, and used it immediately.

I'm not making it up.

>> No.14225359

>>14224108
coinmetro

>> No.14225394

>>14225279
Any competent will do.
Crypto isn't special. It's an investment that goes up and down, that's about it. You just have to track it. You can't just say "£10k in, £30k out". They want to know how. So if you're on Binance or so, you will need to download your transaction history.

I spoke to my accountant only last week about it, they were completely unphased and they're pretty old-school and don't see loads of Crypto if much at all.

They just wanted a statement of what was bought, and what was sold. The value changes inbetween don't really matter, it's start and end price that obviously matters.

If you magically sent a few XMR in or out, or figures don't add up, that's when you're in trouble.

If you're not trying to get away without paying tax etc, any accountant will see this as a pretty straight forward buy in and later sale investment.

Even taking profits off the top is just investment dividends and also very easy on the accounts.

>> No.14225396

>>14225335
Yes, the hold is only for GBP bank transfers. I'd never use my card as you get raped on fees.

>> No.14225446

>>14225180
will try bitbargain then
ta

>> No.14225452

>>14225394
This is really good to know, I need to make some back up copies of my history on binance but I don't trade, just held mostly so sounds pretty simple. Thanks fren

>> No.14225455

>>14224108
You can meet people IRL still and do it. Kinda want to, to be honest.

>> No.14225488

>>14225446
No worries. Been using them since 2014. I've bought a few BTC over the years (some early orders were a fucking fortune in today's money lol). Never had an issue. Recently moved my account to business account as I've always been real happy, and it's genuinely 5 minutes from order to exchange depending on transfer time...

>> No.14225510

>>14225452
No worries. First time in about 2 weeks I can actually give proper info on here and not just add to the shit posting and arguing. If you haven't already got an accountant, ring a couple and ask, but just about anyone should be able to process it as long as you can show deposits and withdrawals.

>> No.14225548

>>14225452
Side note, if you ever lost money on something - I believe it's just a write-off and tax deductible lol. I keep it simple and just buy BTC a few hundred at a time. So I have one note in accounts say "£250 BTC Purchase Invested to (exchange)" and then when withdrawing, it'll be similar back out. Doesn't matter how many shit-coins I play with in between.

>> No.14225596

>>14225548
Do you have to let the bank know first if you have 100k plus just show up one day before you pay tax? Luckily I haven't lost money, kept 2.5k in crypto that was pure profit now that's up to 30

>> No.14225859
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14225859

>>14225488
k gonna have to buy a scanner lol to do the KYC... they said they want higher res photo... will try again tomorrow.
cheers anyway.
got like 50k sat around so thought 10k in crypto whatever. business brings in abt 15k/mo but only use 5k. tried scaling up doesn't work too much admin bullshit taxes etc... so i just buy internet money now i guess...
thanks all

>> No.14225866

>>14225596
If it's a large sum, larger than your business is used to, yes you'd have to warn the bank generally so they don't flag it. They may also have flags raise from certain exchanges or origins.

My plan was to trade into a btc>gbp type trading account when I want to cash and then it's just a direct BACS transfer over multiple smaller orders. Same as when I buy my btc, but in reverse.

I'm a small company, so anything up to 8-10 grand they wouldn't query. If I started dropping £20k out of no where I'd most likely get a phonecall, but nothing more.

If you're planning to cash out £30k-50k in one go, you want to talk to an accountant before you do it. Don't transfer and get fucked somewhere down the road, get it planned first. They may also find ways to save you on tax etc.

>> No.14225874

Localbitcoins

>> No.14225916

>>14225859
You only utilise 33% of your take? I thought my 50/50 was good haha. Yea - scaling is massive headache, I've stuck as a one-man for now because I don't want the hassle. If you're used to taking in £15k+ a month, a reasonable good chunk cash out such as £30k shouldn't be a problem if it's over multiple small transfers like how BitBargain would do it. Statements from the websites etc for all - ezpz. If you're doing it somehow to drop that £30k+ in all in one go - ring the bank and accountant first and get it prepped and done correctly. Don't want them to seize and investigate it, find some BS related to crypto and decide that money is best spent on new pavements instead of your home!

>> No.14225947

>>14225121
i havent paid a single quid in crypto taxes in the past 3 years, just cashout to a bank account soley for crypto and dont declare to taxman, simples

>> No.14225958

>>14225394

This is bullshit. I cashed out just over 2 million in the Dec 2017 bullrun and my accountant just logged it as gambling winnings - crypto is classed as gambling not assets-based gains, so not subject to CG tax

>> No.14225994

>>14225958
that's horseshit
not even gonna argue more

anyway cya lads i'm off to bed

>> No.14226044

>>14225958
Total bollocks. Just because your accounts filed and weren't rejected, doesn't make it correct. Crypto is based around projects, companies, and technology. It's not gambling you [retard][/retard].

>> No.14226062

>>14224108
bittylicious retard newfag

>> No.14226104

>>14225916
Great, that's what I thought but good to know I don't need to find a specialist
>>14225958
It had some guidance on the .gov website in 2017 about very speculative crypto could be seen as gambling, that was guidance and has since changed. I'm pretty sure they could come knocking for the tax money in the future if you are telling the truth

>> No.14226110

>>14225947
What sort of money you talking? Did your bank never raise why you've opened an account that randomly gets massive cash injections into it and clearly isn't used for domestic expense? There's a reason drug dealer's don't do this sort of thing.

Hopefully you don't get fucked anon.

I run a squeaky clean life, run a business, yadda yadda. Not worth the headache of possible massive tax evasion offence and back-tax. Pay your bills and nothing to worry about. I've know 2 people get done years later, one was tax evasion from around 11 years ago and another from 15 years ago. Every penny owed in full, within 30 days, else they're facing prison time.

Keep a few quid to one side somewhere safe in case you need it.

>> No.14226203

>>14225394
Fuck you sound like such a good goy.

>> No.14226252
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14226252

>>14226203
Isn't it horrible when people do things properly, make good money, and never have any worries about it?

>> No.14226282

>>14226252
Do you let the taxman shag your wife too?

>> No.14226564

>>14226282
Only 20% of the time. Fair is fair.