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/biz/ - Business & Finance

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3942587 No.3942587 [Reply] [Original]

It seems no site lets you convert GBP to Bitcoins without an exorbitant conversion fee (or not at all). How do UK anons convert GBP to Bitcoins? Do you guys just use Euros instead or am I missing something?

>> No.3942618

kraken

login online banking

international payment > sepa > fill in kraken address

add reference

send as EUR equilant (not in sterling)

invest all LINK

>retire

>> No.3942646

>>3942618
How much % does a SEPA transfer take?

>> No.3942685

UK bank account > Fidor > Bitstamp

Or

UK bank account > Transferwise > Ulster Bank (EUR) > Bitstamp


Don't use any account other than fidor or Ulster bank for the final hop, or you will be anally raped with fees and/or get your account closed

>> No.3942736

>>3942646

about £10-20 fee for my bank.

not much

from kraken to send back > £0.09 for normal
or ~£65 for 2 hour quick payment

>> No.3942753

>>3942587
localbitcoins.com

or

lykke wallet app

>> No.3942773

>>3942685
Wait. How do you get the reverse out?
Will bitstamp send back to your bank account via transferwise too?

>> No.3942783

>>3942587
Coinbase

SEPA bank transfer is a fixed fee of £9 from Halifax (not a percentage)

>> No.3942837

>>3942587
I've used coinfloor to do the reverse...
Also used bitstamp/EUR but that seems to take about 3% foreign exchange fee

>> No.3942903

>>3942587
Bank - GBP SEPA to Revolut - EUR SEPA to Fire - EUR SEPA to Kraken

>> No.3942923

>>3942903
Or you can pay into revolut directly from a debit/credit card

>> No.3942935

buy TENX card

never pull anything out of exchanges

spend BTC with card

Or use ATMs to get money out

>> No.3942943

>>3942923
M8, finally someone that know what is talking about

>> No.3942951

>>3942736
>>3942783
Do brits really have to pay sepa transfer fees?

>> No.3942964

>>3942951

>feelsbadman

i must have paid my bank ~£100 in total

once i sent GBP to kraken and that rekt me as well..

>> No.3943141

>>3942951
>>3942964
Is there no way around the fee? Like if you have Euros at hand, can you use that to directly deposit somehow?

>> No.3943257

>>3942587

Ive been looking into this and stumbled across Revolut. Is this legit ? ive not got into trading shitcoins yet

https://www.revolut.com/

>> No.3943308

>>3943257
Revolut is great. Cheap exchange, free transfers. I've heard some people transfer direct from revolut to exchanges but I use fire bank for that

>> No.3943464

>>3942587
send to coinbase in EUR

>> No.3943531

>>3942587
localbitcoin

>> No.3944605

>>3942587
Just use Coinbase... I know the fees are a joke but at the rate bitcoin is rising you'll lose out on more than 4% gains in the time it takes your sepa transfer to go through

>> No.3944628

>>3944605
At least you can also buy bitcoin on Coinbase using a credit card where you get cashback too because your bank doesn't know what Coinbase is

>> No.3944912

>>3942587
/biz is truly useless for uk fags

use coinfloor (minimum £1000 deposit, but cheapest fees across all other places for £)

thank me by sending me some eth, because you voted brexit and i still save your ass here

0xB71bca8B1c61C18314EAafFB07D69614BC5FAf59