Silk Road forums
Discussion => Security => Topic started by: posterboy on September 30, 2012, 03:02 am
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Guide to buying bitcoins in the UK
Exchangers
Blockchain.info - Bank Transfer/Barclays Pingit App (smartphone app) from any uk bank account http://dkn255hz262ypmii.onion/index.php?topic=46583.0
Bitstamp - GBP international wire or Euro SEPA - (321dustybin "just used bitstamp...gbp from halifax charge 9.50 for international wire")
Intersango - GBP international wire or Euro SEPA - (theredfish3282- "transfered euros to Intersango from my Natwest account. they charge £10") - (backflip "Very easy, just used the "Euro" deposit details on the Intersango site, transfer my pounds (£'s) into their Polish account...My Bitcoins were available the very next day...Barclays Charge: £15")
Instawire - GBP international wire to French Account - (Nakorx - "An easy way to get bitcoins is... https://instawire.org There is no need to sign up, and it takes about 4 to 6 hours from receiving your SEPA bank transfer to get the bitcoins in the wallet of your choice. The Euro to bitcoin rate is fixed for the day... I recommend it. Maximum of 100 Euro per transaction")
bitcoin-24.com - (EUR, USD) Euro SEPA (goingthroughhole - "used it, worked fine. dont know about security though...")
bitcoin-central.net - New Exchange (EUR, GBP) (please add feedback)
Fixed
bitbargain.co.uk NEW SERVICE - previously known as btcfaucet from OTC - UK BANK DEPOSIT/TRANSFER
bitcoinfridge.co.uk - NEW SERVICE - previously known as mjbmonetarymetals from OTC and bitcointalk
BitMarket.eu - GBP Bank Transfer - (zutehound - "Bitmarket is good but it's a watcher as you have to keep checkin the site regularly for people who sell at rates less than 8£ per coin. £7:50 is cheapest I've found in months on there.")
mercaBit.eu - Ukash to Bitcoins - review - https://bitcointalk.org/index.php?topic=104357.0 - (Lammy101 -"mercaBit.eu for UKASH is good, though...his commission 11.5%...he is totally legit and also anonymous.")
Bitcoin Nordic - Ukash to CashU or international wire or GBP Cash in the mail (talawtam - "about Bitcoin Nordic, I can safely say that the cash in the mail service works... I have my coins and I've just made my 6th purchase! I sent £50 in cash and received 5.94 in bitcoins.")
Nanaimogold.com - Western Union to Bitcoins (nutty - "I successfully used nanaimogold.com with cash...sent through a Western Union agent though the operation wasn't entirely painless.")
VirWox - This can all actually be done with a debit card/PayPal - hefty fees (profspudhed - "i stand by my method, havent had to confirm my id once and during the recent crash i bought 8 bitcoins in the time it takes to nip to the corner shop buy the vouchers and stick the numbers in a few sites, literally the whole process, pound notes to bitcoins can be done within half an hour cash/card>ukash>netteller>virwox>BTC")
Also - http://dkn255hz262ypmii.onion/index.php?topic=1393.msg13708#msg13708
bitcoinmylife.com - New (please add feedback)
Directory
localbitcoins.com - Bank Wire/Cash F2F
MaxSan
BtcDiscreet
mark
Pharma1 - (Pharma1 - "Just to inform UK customers (Regulars and new) looking for BTC , I am now selling BTC for £GBP you can send me a message here or find me on https://localbitcoins.com/ Payment is via Bank Transfer,MoneyGram etc.24/48 TA max.")
Bitcoin-OTC - Bank Wire/Paypal/Cash F2F
tenakha - all have good reputation
mjbmonetarymetals - (vk2003 - "Gave a better rate, and btcs were in my account within a couple of minutes (but took 30 mins for >3confirmations")
yossarian
sonba
Bitcointalk marketplace forums Ukash/Bank Wire/Cash F2F
Mjbmonetarymetals - https://bitcointalk.org/index.php?topic=118396.20
tenakha - https://bitcointalk.org/index.php?topic=122620.0
Xch4ng3 - https://bitcointalk.org/index.php?topic=119707.0
Pteppic - https://bitcointalk.org/index.php?topic=119929.0
Faraday - https://bitcointalk.org/index.php?topic=127538.0
Vendors here - Please be careful as vendors can become rogue
BTCXUK - (gtgeorgz - "Yep, I can confirm this is a very good way to get BTC in the UK. Have done 2 transactions with him where I sent him money late at night and the BTC has been in my account by the time I've woken up the following day. Coms and rates have been very good as well. Number one choice for sure.") - http://dkn255hz262ypmii.onion/index.php?topic=83535.0
MrCronk
No Sticks No Seeds
Sugar Mama - (supernova9 - "Wow, what a flawless, fast, easy, reliable transaction. Great communication. Excellent new transaction fee schedule. I love me some Suga' Mama.")
RxKing
Chronic Crew
Blue Sky Traders
Problems with UK Bitcoins exchangers
MTGox - previously offered UK cash deposits at Barclays bank branches
Intersango - previously offered UK deposits at Lloyds/Metro Bank Account
Vlad ripped users on here
pureogkush - unresolved issues
Relevant Threads on how to buy bitcoins:
http://dkn255hz262ypmii.onion/index.php?topic=62808.0 OTC-Complete guide
http://dkn255hz262ypmii.onion/index.php?topic=46583.msg499376#msg499376
http://dkn255hz262ypmii.onion/index.php?topic=45332.60
http://dkn255hz262ypmii.onion/index.php?topic=45622.0
http://dkn255hz262ypmii.onion/index.php?topic=45866.0
http://dkn255hz262ypmii.onion/index.php?topic=46583.0
http://dkn255hz262ypmii.onion/index.php?topic=47454.0
http://dkn255hz262ypmii.onion/index.php?topic=45537
http://dkn255hz262ypmii.onion/index.php?topic=45478
Keep Adding
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bump
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Thanks posterboy, just tried a 50 euro transfer with bitstamp.
With no intersango or mtgox(my exchanger of choice since i started on SR) things are tricky for us brits.
How dodgy would it look to go buy 600 quids worth of ukash vouchers??
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Out of the vendors listed - anyone had any experiences with them for bitcoins? Good or bad?
Regards,
J
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Thanks posterboy, just tried a 50 euro transfer with bitstamp.
With no intersango or mtgox(my exchanger of choice since i started on SR) things are tricky for us brits.
How dodgy would it look to go buy 600 quids worth of ukash vouchers??
whats bitstamp like?
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The website is easy to navigate.
Its based in slovenia, which makes me feel a bit nervous, but i guess i'll know in 1-3 days time (SEPA deposit)
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hope it works for you...think i might give it a whirl
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What a great idea for a thread. Very useful, keep it updated and it will thrive :) +k to you.
Out of the vendors listed - anyone had any experiences with them for bitcoins? Good or bad?
Regards,
J
I was going to try him, but I don't have cash till next week now. I've been in touch and he sounds legit. Although it's still early days and he's still setting things up. If you do try him, let us know. I will do the same.
It has to be Cash or UKASH for me. I just don't feel happy using my bank account!
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Thanks posterboy, just tried a 50 euro transfer with bitstamp.
With no intersango or mtgox(my exchanger of choice since i started on SR) things are tricky for us brits.
How dodgy would it look to go buy 600 quids worth of ukash vouchers??
Let me know how it goes mate and how much fees you were charged in the process as It says on the website (minimum fee = $15) and I'm a bit unsure what it means.
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Well 64..04 USD showed up in my bitstamp account this morning.
Converted to it to 5.2 BTC and was charged 0.5% commission.
Waiting for it to show up in my SR account now.
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+karma to OP for referring to more services than the disaster for anonymity that is the ping-it deal.
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Well 64..04 USD showed up in my bitstamp account this morning.
Converted to it to 5.2 BTC and was charged 0.5% commission.
Waiting for it to show up in my SR account now.
Did your bank put on a charge for the international payment? They're tryna whack on a £9.50 charge for fees :S
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Hi guys, I'm looking at trying this same route to get my Bitcoins in my wallet. It seems from what Kakster says it might be best using the SEPA option for depositing funds rather than the international bank option as the international bank option has a minimum $15 charge on any of these transactions whereas SEPA is free. I could be wrong here but I think that's the case. Kakster how did you actually get the cash into the Slovenian account? Did you do it with an online bank transfer or can you do it with cash into some bank on the street?
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Well 64..04 USD showed up in my bitstamp account this morning.
Converted to it to 5.2 BTC and was charged 0.5% commission.
Waiting for it to show up in my SR account now.
Did your bank put on a charge for the international payment? They're tryna whack on a £9.50 charge for fees :S
Well the bitcoins showed up in my SR account. My bank didnt charge me anything for the transfer.
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Well 64..04 USD showed up in my bitstamp account this morning.
Converted to it to 5.2 BTC and was charged 0.5% commission.
Waiting for it to show up in my SR account now.
Did your bank put on a charge for the international payment? They're tryna whack on a £9.50 charge for fees :S
Well the bitcoins showed up in my SR account. My bank didnt charge me anything for the transfer.
What bank are you with may I ask?
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smile.co.uk
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I don't understand how one would transfer funds over to the account via online banking. It's all foreign details so there's no sort code to write in or anything.. any ideas?
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has anyone tried to convert ukash into bitcoin (from the UK) and had any success with this?
who did you use and how did you do it?
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I don't understand how one would transfer funds over to the account via online banking. It's all foreign details so there's no sort code to write in or anything.. any ideas?
If you are in the EU, you use the SEPA transfer option.
There is no sort code, you use the IBAN code.
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I very stupidly (don't need to repeat that) deposited £300 to Mt.gox in a hurry. From what I read on different forums, they are pretty fucked up atm. I used a GBP bank wire to Japan, does anyone know if I will ever be credited or even see my money again? As you can probably understand this is stressing me out big time.
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If it was wired to their japanese branch, you should be ok. It'll just take a few more days.
The current furrore with mtgox is that you can no longer transfer or deposit cash into their uk Barclays account.
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has anyone tried to convert ukash into bitcoin (from the UK) and had any success with this?
who did you use and how did you do it?
I've tried, no success so far though. I've not found any legit looking site that'll directly exchange UKash for BTC, you need to go through some other electronic payment system like cashu or okpay:
cashu charges 10% commission & looks to convert to USD, I'm told they also require ID for verification
okpay is 1% commission but they've stopped accepting UKash due to technical issues, they may accept it again in a few weeks but who knows. No need for verification if your dealing with under 3ooEuros a month.
Haven't seen any other sites that look like they can do the job.
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has anyone tried to convert ukash into bitcoin (from the UK) and had any success with this?
who did you use and how did you do it?
I've tried, no success so far though. I've not found any legit looking site that'll directly exchange UKash for BTC, you need to go through some other electronic payment system like cashu or okpay:
cashu charges 10% commission & looks to convert to USD, I'm told they also require ID for verification
okpay is 1% commission but they've stopped accepting UKash due to technical issues, they may accept it again in a few weeks but who knows. No need for verification if your dealing with under 3ooEuros a month.
Haven't seen any other sites that look like they can do the job.
I'm pretty sure the BTC vendors on SR accept Ukash. And if they don't, then the OTC vendors will do. And if they don't then Bitcoin Nordic does. And if they don't some of the services I mentioned in this thread surely do: http://dkn255hz262ypmii.onion/index.php?topic=46583.msg499376#msg499376
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Bitcoin Nordic doesn't take UKash, only cashu, bank transfer or cash. I'm going to try some SR vendors but was wary of 'OTC' via localbitcoins or tradebitcoins, as I've no way to verify level of trustworthiness.
I'll check out the thread you link to.
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anyone had dealings with pureogkush/snoemaker for btc as they asking for bank transfer and when i asked how will you know its from me they said by senders name but my name on here is not same as my bank acc so how can they link them dont want to ask anymore questions of them as i think they might be wrong uns
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Bitcoin Nordic doesn't take UKash, only cashu, bank transfer or cash. I'm going to try some SR vendors but was wary of 'OTC' via localbitcoins or tradebitcoins, as I've no way to verify level of trustworthiness.
I'll check out the thread you link to.
Check out http://mercabit.eu/ in the OP's original post. He seems legit, and has good reviews and is very active over on bitcointalk. I'll be trying him next week.
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anyone had dealings with pureogkush/snoemaker for btc as they asking for bank transfer and when i asked how will you know its from me they said by senders name but my name on here is not same as my bank acc so how can they link them dont want to ask anymore questions of them as i think they might be wrong uns
I'm considering using them, feedback looks good. I'm not really concerned about them identifying the correct transaction, my plan was to to use a unique reference on the transaction and send that to the seller along with my bitcoin address.
My concern with them is - looking at the other thread about pureogkush - the lack of encryption in communication and the suggestion that they may not put as much attention into security as I'd like. Should they be investigated there would be a link between bank accounts and possibly messages identifying transactions as being related to SR, not something I'd be happy about.
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mercaBit.eu for UKASH is good, though I noticed he's just put up his commission to 11.5%
He's cool though, worth asking if he has the bitcoins as had to wait a few days for him to get his stash back up but he is totally legit and also anonymous.
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ive used mercabit.eu for a single transaction, planning to go through with another, bigger transaction
he's helpful via email and the transaction went through fine
i dont like his website as its got a lot of javascript processes running on it, im just going to communicate with him via email from now on
11.5% commission shows that he's not got too many competitors in this space, however!
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anyone had dealings with pureogkush/snoemaker for btc as they asking for bank transfer and when i asked how will you know its from me they said by senders name but my name on here is not same as my bank acc so how can they link them dont want to ask anymore questions of them as i think they might be wrong uns
I'm considering using them, feedback looks good. I'm not really concerned about them identifying the correct transaction, my plan was to to use a unique reference on the transaction and send that to the seller along with my bitcoin address.
My concern with them is - looking at the other thread about pureogkush - the lack of encryption in communication and the suggestion that they may not put as much attention into security as I'd like. Should they be investigated there would be a link between bank accounts and possibly messages identifying transactions as being related to SR, not something I'd be happy about.
I did 2 transactions with them. First was a £100 tester, next was £460, both went without a hitch and i got my BTC within 24hrs at a very good price....however, they were direct bank transfers, so if stealth is a concern, you may want to look elsewhere.
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anyone had dealings with pureogkush/snoemaker for btc as they asking for bank transfer and when i asked how will you know its from me they said by senders name but my name on here is not same as my bank acc so how can they link them dont want to ask anymore questions of them as i think they might be wrong uns
I'm considering using them, feedback looks good. I'm not really concerned about them identifying the correct transaction, my plan was to to use a unique reference on the transaction and send that to the seller along with my bitcoin address.
My concern with them is - looking at the other thread about pureogkush - the lack of encryption in communication and the suggestion that they may not put as much attention into security as I'd like. Should they be investigated there would be a link between bank accounts and possibly messages identifying transactions as being related to SR, not something I'd be happy about.
I did 2 transactions with them. First was a £100 tester, next was £460, both went without a hitch and i got my BTC within 24hrs at a very good price....however, they were direct bank transfers, so if stealth is a concern, you may want to look elsewhere.
I'm just about to do something similar but plan on paying cash into their account rather than a transfer - clears immediately and a bit safer I think. Will post here on how it goes.
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blockchain.info are now limiting "Ping it" purchases to £10 per day, making that method fairly difficult. I think I'll have to look into OTC trading
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Pingit have now limited deposits to £10 per week! Fuck! Whats the next easiest/fastest UK option?
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Also pureogkush/snoemaker is now out of coins. Not sure if he's planning on re-stocking or anything.
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Just told me he doesn't expect to have anymore coins in, so looks like the end of another service for us in the UK.
mercaBit.eu looks like the best option these days, even with the rather hefty commission fees.
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It is bizarre that a bunch of people who want to save money and obtain bitcoins with the least amount of trouble, won't invest a tiny amount of time in working out how OTC or over the counter bitcoin works. Less risk, more money, less arbitrary rules, more anonymity, faster access to bitcoins. These are typical improvements. Using exchanges only seems straight forward, but this is an illusion as many of you have been finding out with frozen accounts, stalled payments, hidden fees, not necessarily to do with the exchange but with your bank etc. I'm just not seeing very many downsides here. There are downsides (danger of scammers mostly) but these are marginal in comparison to the benefits, esp. if you invest time in a little research on your chosen OTCV.
Learn this or go home. Seriously. Bitcoin will be illegal soon, and then this will be the only option.
I shall spam the acronym OTC until I'm as ubiquitous as the forum's spammer :)
You do not need to be a "tech person" to grasp OTC.
/complaint
Read this: http://bitcoin.stackexchange.com/questions/1829/how-does-one-use-bitcoin-otc
Google the following:
http://www.bitcoin-otc.com
http://www.tradebitcoin.com
https://localbitcoins.com
http://btcnearme.com
https://btcspot.com
There are others, those are just the ones I know of.
And all these IRCs:
Server Channel Description
irc://irc.freenode.net/bitcoin-otc-eu #bitcoin-otc-eu European OTC trading marketplace.
irc://irc.freenode.net/bitcoin-otc-uk #bitcoin-otc-uk United kingdom OTC Trading Marketplace.
irc://irc.freenode.net/bitcoin-otc-ru #bitcoin-otc-ru Russian OTC trading marketplace.
irc://irc.freenode.net/btc.chat #btc.chat Russian bitcoin community.
irc://irc.freenode.net/bitcoin-aus #bitcoin-aus Aussie bitcoin community.
irc://irc.freenode.net/bitcoin-br #bitcoin-br Brazilian bitcoin community.
irc://irc.freenode.net/bitcoin-cad #bitcoin-cad Canadian bitcoin community.
irc://irc.freenode.net/bitcoin-cn #bitcoin-cn Chinese bitcoin community.
irc://irc.freenode.net/bitcoin-de #bitcoin-de German bitcoin community.
irc://irc.freenode.net/bitcoin-il #bitcoin-il Israeli bitcoin community.
irc://irc.freenode.net/bitcoin-dk #bitcoin-dk Danish bitcoin community.
Again, there are many many others out there.
I'm pretty sure somebody is out there who will relieve you of your USD/AUD/GBP/EUR in exchange for bitcoins.
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Just made my first transaction on OTC. It took me quite a while to figure out how to use it but I finally got there lol.. obtaining bitcoins from now on will be a piece of piss!
I highly advise everyone to go tutor yourselves on how to use OTC - you will not regret it!
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Spent this morning reading up on it myself :) Thanks to 'pine' for your helpful links.
Just about to have a bit of a late lunch and I'll report back later if I make a successful OTC transaction. :)
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I used Bitstamp last time, its not anonymous but it was very very quick.
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Okay I just made my 1st successful transaction using Bitcoin-OTC.
After a fair bit of reading and patience it all went smoothly. You just need to do your research and be cautious of scammers (at least 3 tried contacting me) .
I managed to get them via bank transfer at a rate of 2% above the MtGox weighted average, which at the time was equal to 7.60 GBP per BTC :)
From funds sent to receiving them in my account was just under 90 minutes.
I highly recommend UK users give this method a try but cannot stress enough to get to grips with how everything works 1st and use caution. There are some helpful sellers on there if you need help.
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Thanks for the handy information ru5ty. I think I'll give OTC a try, the rates sound great too; it looked hugely complex when I first gave it a try, but I think I'll take another stab.
Could you give some advice on how to avoid scammers also?
Thanks again mate, and thanks to everyone who's offered useful suggestions in this somewhat dire situation all of us in the UK are facing.
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The best advice I can give is to familiarize yourself with the rating system and 'Web of Trust'. Work your way through the wiki: http://wiki.bitcoin-otc.com/wiki/Main_Page
Authenticating yourself and only dealing with other authenticated users is key! http://wiki.bitcoin-otc.com/wiki/GPG_authentication
The rating system is fairly straight forward: http://wiki.bitcoin-otc.com/wiki/OTC_Rating_System
Best of luck to all you fellow UK crypto-anarchists ;D
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^ I'm delighted to hear I've made some converts! :)
The more the merrier. The more you use OTC, the more obvious it becomes this is going to be the only way forward ultimately. It is much akin to learning PGP. Once you have it, you have it and it is easy. It only appears to be formidable, but it's not.
Keep up the good work guys! You're giving our benighted LE observers heartburn :)
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I used localbitcoins.com to get my coins, I found a trusted seller with decent priced coins (£7.50 each), messaged him, he sent me his bank details, I made the transfer, he released the coins, the whole thing took about five minutes, highly recommended aslong as you use a seller with good feedback
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I am now convinced that the termination of MtGox and Intersango was for the better - I got a cracking deal on some coins, the process was incredibly quick, and I learned a lot more about BTC in the process. I'll try and do a writeup when I get around to it. Same with Linux, I was introduced to Liberte and now run Ubuntu for most of my shit now. Ahh, TSR, the things I'll do for a bit of weed.
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Ah, good, but just one thing guys. You are better off making a cash deposit as a method of doing bank transfers. Not electronic online banking or anything like that. Then it is perfectly anonymous.
Cheers!
Pine
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a write up would be really good, I use Liberte and am fairly tech savvy but IRC confuses me.
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I just used bitstamp
https://www.bitstamp.net
Halifax charged £9.50 for international transfer
Obviously it's not anonymous, but where your coins go to is, if you use instawallet as a go between and tor to transfer from instawallet to here
Buying bitcoins isn't illegal
And drop the paranoia unless you're reselling skag
No cunt will look at a small time buyer
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I just used bitstamp
https://www.bitstamp.net
Halifax charged £9.50 for international transfer
Obviously it's not anonymous, but where your coins go to is, if you use instawallet as a go between and tor to transfer from instawallet to here
Buying bitcoins isn't illegal
And drop the paranoia unless you're reselling skag
No cunt will look at a small time buyer
Oh yeah? And what if instawallet is run or infiltrated by the Feds? Then you're fucked if SR gets/has been hacked.
This is not Topix. This is SR. We like our paranoia exactly where it is, thank you very much.
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you're a smart person Pine, don't overdo the bollox bit luv
ooh look behind you
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I think pine is billybigbuds :o
and japan is her autistic child with 5 nipples and 4 vaginas
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a write up would be really good, I use Liberte and am fairly tech savvy but IRC confuses me.
Hi mate,
You're not alone with IRC. The process makes mtgox look like a walk in the park, but is essentially this assuming you're doing a bank wire transfer:
If you youtube "bitcoin otc" a video (with shitty quality) will completely explain steps 1-3 for you in full. The resolution is terrible, but the tutorial will suffice. If you don't watch that video you will have no idea what I'm talking about in steps 1-3.
1. Download gpg4win and create a key
2. Open up the IRC chatroom bitcoin-otc. This can be done in a browser, and does not require a client. The link is somewhere in the wiki, I'll try and remember to edit my post and paste it here later.
3. Link your PGP key to your chat nickname. The way this is done is:
a) A bot will generate a PGP message for you to decrypt using your key. You send that back to the bot, and your chat nickname will be linked to your PGP key.
b) Everytime you relog on you will need to reauthenticate, via decrypting another PGP message.
4. Post in the main room "Looking for 20BTC etc - msg me with offers". Hopefully someone will PM you back with an offer, or they'll post in the main chat room. Make sure you get decent rates too, some sellers WILL try and take newcomers to town.
5. Check sellers rating by typing ";;getrating <seller's nickname>" to see if they're legit.
6. PM seller them for more information. Explain that this is your first time etc and they'll hopefully be understanding. I would advise buying 1 at first, rather than staking 100 odd quid on some randomer on some random service first time.
7. They will ask for your wallet address, use a blockchain.info one not a SR one. Make an account there and you will be assigned an address automatically.
8. They will give you their sort code and acc no. and full name. Make a payment online. They will probably ask for a print screen of the confirmation via email.
9. They will deposit the BTC in your blockchain wallet.
I
Thats about it really. Its not the easiest transition in the world but the adv are:
* Its near instantaneous
* Excellent rates if you look hard enough, saving you a little money
* Its more anonymous, especially if your arrange to meet in public.
Even if mtgox/intersango returned, I would get BTC from here in the future.
I will do a full explanation when I get around to it.
Hopefully this list helps enough people to at least understand what the hell it is, or better get hold of some BTC.
Good luck.
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Make a payment online.
Thanks for the tutorial, I'm sure it'll help lots of people, the only issue I have is this. Ideally you should pop out to the bank and make a cash deposit. That way there are absolutely zero ties between you and the bitcoin acquisition. Maybe not everybody will be bothered with this, since it's much harder for LE to collect data from OTC, but it is the ideal!
OTC FTW as young platypups say nowadays. :)
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Make a payment online.
Thanks for the tutorial, I'm sure it'll help lots of people, the only issue I have is this. Ideally you should pop out to the bank and make a cash deposit. That way there are absolutely zero ties between you and the bitcoin acquisition. Maybe not everybody will be bothered with this, since it's much harder for LE to collect data from OTC, but it is the ideal!
OTC FTW as young platypups say nowadays. :)
It took me a few minutes to sink in, but yes a cash deposit is a much better means.
Of course, the key word is 'bothered' here; many will not bother with PGP encryption for addresses, using Liberte Live CD instead of the tor browser bundle (If you're not doing both of these please reconsider, you're not doing yourself any favours).
My description isn't perfect and by no means comprehensive, but I just wanted to put out a quick n dirty explanation as I had trouble understanding wtf bitcoin-otc actually was, even with the wiki and website, in particular the transaction stages/what is common practice.
And yes OTC FTW!!!! You won't look back, I promise. : )
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Basically i want to do either of 2 things :
1) Send someone cash in the mail and get my bitcoins directly from them (but WHO? and how will i get my bitcoins e/g straight into my SR account or what? )
2) Using my bank, transfer money into someone elses or a companies bank and get my bitcoins directly that way. (but WHO?)
Thanks so much,
real headache so far getting anonymity down to a T and buying btc's securely
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Basically i want to do either of 2 things :
1) Send someone cash in the mail and get my bitcoins directly from them (but WHO? and how will i get my bitcoins e/g straight into my SR account or what? )
2) Using my bank, transfer money into someone elses or a companies bank and get my bitcoins directly that way. (but WHO?)
Thanks so much,
real headache so far getting anonymity down to a T and buying btc's securely
Read j34ns post above.. I was in same position as you before using bitcoin-otc but once you get to grips with it it's ideal.
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Thanks so much for all your advice Pine - you really are a 'hero member'. I had forgotten about OTC, then wrote it off 'cos bank transfers aren't great for anonymity, but of course you're absolutely right, cash deposits are an anonymous way of doing the same thing.
It's so nice to be using a proper sensible p2p method to get bitcoins, rather than relying on sleek pseudo banks and all the crap they try to put you through.
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Been following this on the sidelines.
Thanks for all the info pine and co...
I've downloaded the PGP generator have a key and have joined the IRC chatroom. I'm just stuck on the bit where I have to link my key to my nickname? Any help would be much appreciated.
Cheers,
C
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Just wrapping my head round IRC and OTC etc. This HAS to be the way forward, and the more people who get involved the better it'll become!
+1 Pine FTW! :)
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Read my thread, I explain the whole process in an extremely detailed way.
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Thanks for the tutorial and the contributions. I agree Cash is King, however the only confirmation for the BTC seller is when the money hits his account. Only then will he release your coins to you right? I understand there are reputable vendors but what happens when their reputation soars assuming this takes off? Wish there was an escrow system that could be implemented to incentivise the transfer of your coins. I'm guessing having their real details will act as enough of a deterrent
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Yeah that is pretty much the only means of confirmation. As BTC-OTC is decentralised, there is no built-in escrow system.
It is possible to use a 3rd party escrow, but honestly if a seller is authenticated, has been rated 100+ times positively then I think you're good (Via the web of trust/linking a chatname to a PGP key).
You also have their full name, bank account number etc, e-mail address. Just make sure you get someone helpful, with great ratings and you will be absolutely fine. I recommend everyone to sack off making international bank deposits and use bitcoin-otc, localbitcoins or similar, its so much quicker and convenient and you don't get fucked up the arse by exchange fees, bank fees etc, you can barter to get better rates, its 100x quicker, you don't have to rely on just one site etc.
Yes there is a small chance of scamming but why would someone with great ratings selling each day scam you? Its not impossible, but unlikely.
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So many hoops to jump through........
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I think the 0.5% from OKPAY, max 2.99 is reasonable to get cash onto MTGox. At least then you can have the balance in hard currency on the main BTC exchange, when you need it rather than have it in BTC which are just too volatile for my liking. The combination of lack of trust and volatility is a two pronged fork I'm unhappy with.
Just a pain in the arse to get a verified account on OKPAY to do a bank transfer and I am still waiting for confirmation.
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One thing.
There aren't many people selling using UK bank transfers.
The vast majority of people are doing what are called SEPA transfers.. I'm unsure what this is and how to go about doing one.
My bank only does SWIFT international transfers and they cost about £25 A TIME to do.
This would be simple if there were many people who offered internal UK transfers but once we get into this whole SWIFT business the amount of fees you have to pay for what is a trivial transactions are just ridiculous.
Anyone got any advice on how to do this whole SEPA business and what it actually is?
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This is the newer pan European interbank system and uses the IBAN code with the BIC code. This is all that is needed. Its the same as any other interbank transfer but you just need to know those two codes to identify the recipient of the money. Charges are usually around 10 quid a pop to make the transfer.
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Hi first post. Finally got my head around all the GPG stuff and am just about to go looking on the OTC channel for someone to buy a few coins off.
Just wondering if it's alright to surf the OTC-IRC channel in clearnet as Tor seems to be banned from OTC?
l know there's all the "trust" and feedback stuff. But can anyone give me a personal recommendation of someone reputable they've bought coins from on there recently?
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can someone help a newb?
what do i have to setup before i go and by the bitcoins? whats this gpg and wallet?
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One thing.
There aren't many people selling using UK bank transfers.
The vast majority of people are doing what are called SEPA transfers.. I'm unsure what this is and how to go about doing one.
My bank only does SWIFT international transfers and they cost about £25 A TIME to do.
This would be simple if there were many people who offered internal UK transfers but once we get into this whole SWIFT business the amount of fees you have to pay for what is a trivial transactions are just ridiculous.
Anyone got any advice on how to do this whole SEPA business and what it actually is?
iv been looking around buddy for alt btc sources and as far as i can make out SWIFT is bascically SEPA, it is used to make international transfers with IBAN/BIC codes and is safest way to transfer money... it might cost up to £25 like my bank charges but at least u know u will get ur btcs eventually...
its not ideal if ur transfering small deposits but it seems to be the only UK option atm...
oh there is bitinstant guys but u must bank with santander, RBS, nat west or first trust to be able to use their UK option...
regards...
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Everytime I try to pay using Bitinstant it says there's a problem with my username for Natwest. They require an awful lot of information anyway, if you're using your own personal account then steer well clear.
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I find the fact that they're even asking you for your Natwest login alarming...!?
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anyone else waiting on pureogkush/snoemaker?
:(
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yea I am.
It's my 1st dealing with them so taking a risk ,but there feedback looks %100
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One thing.
There aren't many people selling using UK bank transfers.
The vast majority of people are doing what are called SEPA transfers.. I'm unsure what this is and how to go about doing one.
My bank only does SWIFT international transfers and they cost about £25 A TIME to do.
This would be simple if there were many people who offered internal UK transfers but once we get into this whole SWIFT business the amount of fees you have to pay for what is a trivial transactions are just ridiculous.
Anyone got any advice on how to do this whole SEPA business and what it actually is?
SEPA stands for Single Euro Payments Area and is basically a faster and usually cheaper way to move money between members of the European Union. Check out the following site:
http://www.4b.es/sistema-4b/sepa
or google (startpage etc) what is SEPA
The Halifax and Bank of Scotland charge £9.00 for this service, Barclays £14.50. You send Euros to the other country so your bank will exchange the GBP to Euros, usually a little below average market rate.
An easy way to get bitcoins is using InstaWire at URL:
https://instawire.org
There is no need to sign up, and it takes about 4 to 6 hours from receiving your SEPA bank transfer to get the bitcoins in the wallet of your choice. The Euro to bitcoin rate is fixed for the day and is higher than the Mt.Gox average but not by much. I recommend it. Maximum of 100 Euro per transaction. Also checkout the sister company Bitcoin-Central at:
https://bitcoin-central.net
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anyone else waiting on pureogkush/snoemaker?
:(
Yes I am currently waiting - its been 3 days now. I used snoemaker for the first time about two weeks ago and, despite the fact you are exposed to a scam by having to pay first, it all went very smoothly and I was most happy. Ive also bought goods of pureogkush and it all went okay. However pureogkush seems to have closed or is about to close his listing. This doesn't feel good. I dont know where else to get bitcoins now.
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Is there anyway to get the money back seen as I have his bank details?
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hello peeps
well its been a while since i made a btc purchase and now find that my usual cash over the counter has now been stopped,,,it really seems that in the uk were are constantly being shafted when it comes to buying btc anon,after reading this thread it looks as though bitcoin otc is the way forward,ive had a look on the wiki etc and had a good read so i think im ready to give it a shot
i have just one question that i hope someone will be able to answer for me
basically are most of the coin sellers not in the uk ? reason i ask is that i would prefer to buy from a uk seller,that way once i get the bank details i can simply go to said bank and deposit the cash,ive heard a lot about sepa and iban etc which leeds me to believe most sellers are not uk based,is this correct ? also if i have to do a sepa transfer how long does that take ? ive read people saying they got there coins in 90 minutes etc would this be from a non uk seller ? can i find out where the seller is from beforehand ?
any info would be great
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As a UK user I have always used intersango and mtgox from reading this thread it seems like the only way for me to really go is to try and and get my head around bit otc? Or are there other exchanges I can simply make a bank transfer to?
Thanks
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Just wrapping my head round IRC and OTC etc. This HAS to be the way forward, and the more people who get involved the better it'll become!
+1 Pine FTW! :)
OK, downloaded mIRC, registered my nickname, registered my GPG key on #bitcoin-otc, I learned all about ;; getrating, ;; gettrust and ;; identify. I think I'm almost there now, and I'll be ready soon to get some Bitcoins OTC. I think I'll definitely go the cash deposit route, gotta be way safer! Thanks Pine and everyone else who's contributed to this thread. :)
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I have recently used snoemaker, great rates and a very fast service!!
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Really?
There are a lot of people complaining on threads that snoemaker hasn't given them their coins yet although apparently he may have had some shit to deal with IRL.
Was going to use him tomorrow but want my coins fast, that's so annoying the blockinfo pingit thing fucked up that was so easy!
I am really not in the mood to have to go through another big drama of working out how to use these new trading sites just for them to be shut down the next week, it's winding me up to be honest, are there any other legit btc vendors in the UK on SR?
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i thought this irc bitcoin otc sounded too easy to be true and yes it is
ive tried and tried today to get up and running but its doing my fuckin head in to the point where im about to forget sr all together due to the constant fuckin hassle of obtaining bitcoins,,i will give it another go but my head is too fuckin mashed up to even attempt it,,,,,,,if this is going to be the same shit every few months in the uk then fuck it im out
as you can probably tell im pissed off with bitcoin purchase,im sure im not the only one
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Just to inform UK customers (Regulars and new) looking for BTC , I am now selling BTC for £ GBP you can send me a message here or find me on : https://localbitcoins.com/
Payment is via Bank Transfer,MoneyGram etc.24/48 TA max.
Thanks
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hi people i havnt bought btc in a while been strapped for cash (shitty recession) anyway hopefully getting some soon .im jus wanting to know how many people have used bitstamp and is it legit?
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I've gone through the OKPAY route and its a bit too much like hard work, currently I think the best bet is to just take the 10 quid hit of the international transfer to MTGox,
OKPAY route is tough AML, then it takes a while to for them to credit the cash for a 4 quid fee. Then you have to pay MTGox in USD which they don't mention which of course incurs a transaction fee and then the 1% fee to MTGox. I think I've lost just short of 7 quid and I'm still waiting for MTGox to credit me with the money.
Bank transfer to the Polish account will be more expensive but far simpler in the end. Just have to swallow the fee and move on IMO.
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Hello everyone, I'm selling BTC via Western Union. I charge 10% above the spot price. It's not the cheapest option but I try to make the process as painless as possible. Please contact me on SR if you want more info or would like to make a trade. Thanks!
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Cool thread. :)
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When I first had a look at Bitcoin OTC and read about here - I thought hmmm :-\ But after looking on almost all of the bitcoin sites and the hassle it is to do any sort of transfer I must admit OTC is definitely the way to go.
First time on it last night and found a seller (UK bank transfer) almost immediately!!! Checked rating and was good to go ... luckily we were same bank so had BC within a few minutes.
Please try it guys!! :)
Thanks to J3an too - good info there ;)
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ive ordered thru mt gox international payments - have i just lost my cash? or will it eventually turn up ??
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I do empathise with goangod and dannymayhem and echo their frustrations. It seems that we're stymied at every turn here in the UK.
As soon as I find one way of acquiring bitcoins there's a huge fucking drama and that method is no longer viable. To go OTC is yet another steep learning curve. I'd forgotten IRC even existed, not used it since the 90s so now I have to get to grips with that. The encryption thingy is another hurdle that I've yet to overcome. Gah!
It's not fucking easy but I'll persevere out of sheer cussedness, although I have to admit that I feel like giving up. Hey ho.
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For UK buyers.... I'm just waiting on some coins from Bitcoin-OTC but decided to have a check up on Ping-It while waiting to recieve them and noticed this:
Is there a maximum deposit limit?
Yes, users are strictly limited to deposits of £500 per 7 days. The maximum single transaction size is £250.
Is there a minimum deposit limit?
The minimum deposit that can be made is £10.
Seems like the £10 limit may have been lifted. Can anyone confirm this? :)
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I do empathise with goangod and dannymayhem and echo their frustrations. It seems that we're stymied at every turn here in the UK.
As soon as I find one way of acquiring bitcoins there's a huge fucking drama and that method is no longer viable. To go OTC is yet another steep learning curve. I'd forgotten IRC even existed, not used it since the 90s so now I have to get to grips with that. The encryption thingy is another hurdle that I've yet to overcome. Gah!
It's not fucking easy but I'll persevere out of sheer cussedness, although I have to admit that I feel like giving up. Hey ho.
Join PGP Club! Email pine. Download GPG4USB, make a PGP key, give me the public key (and import my public key so you can send an encrypted email to me). It's much easier than you imagine.
1. Download GPG4USB.
2. Make a PGP key using that software.
3. Send me the public key.
4. Find my public key (2nd post I made in the PGP Club thread in Security) and import it.
5. Send me an encrypted message with it.
6. I'll reply to both and confirm you did them correctly.
If I send a random guy a bank transfer on localbitcoins.com , what is the best way to stay anonymous?
I dont want a paper trail at all and want to use the bitcoins to buy weed on here
The best way is to give him a cash deposit. Better for him, better for you. Win-win situation.
You don't need any ID to make a cash deposit in the vast majority of jurisdictions. To do it anonymously.
1. Do it at a bank branch you don't frequent normally.
2. Don't worry about CCTV. I know their systems, they are effectively worthless as far as facial recognition is concerned. If you are perturbed, wear sunglasses or a hat.
3. If your teller is nosy, give them nothing. They have no requirements. If you're being suspicious and they're asking questions you simply move to the next bank branch.
If you are moving large quantities of capital in cash, you need the uniform. i.e. a decent suit, an expensive watch, perfume, the works. Perception of privilege drops the teller's guard to below zero. Most bank tellers are females, and females are exquisitely sensitive to the threat of embarrassment, a social faux pas.
You however are simply a regular customer with several hundred bucks at a go, there's no requirement to go to such lengths.
It is not, you know, illegal to give people money. Banks are in the business of accepting monies and preventing them from leaving if possible. They will fight tooth, nail and claw to ensure it. Cash deposits will be untouchable ID-wise for this reason. Any financial enterprise that kowtows to the State's machinations too closely goes bankrupt, everybody knows this. The black market is responsible for the majority of liquidity in the capitalist system. Financial institutions that don't grasp this go to the wall or lose market share all the time. Market forces!
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what ever bank the guy banks with u go there and just give acc numbers and pay cash
they might ask your name if u go to your bank and ask to pay to a different 1 ,they will think u want to transfer it from your acc or something
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yes the limit has been lifted -whoop whoop but they now want 5.97 % of your hard earned -doh
For UK buyers.... I'm just waiting on some coins from Bitcoin-OTC but decided to have a check up on Ping-It while waiting to recieve them and noticed this:
Is there a maximum deposit limit?
Yes, users are strictly limited to deposits of £500 per 7 days. The maximum single transaction size is £250.
Is there a minimum deposit limit?
The minimum deposit that can be made is £10.
Seems like the £10 limit may have been lifted. Can anyone confirm this? :)
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So when people on localbitcoins want a bank deposit, the last thing I should do is transfer it via online banking?
I thought when I go to a local bank and ask them to put some money into a persons account number, the person would need to be a same member of the bank, and they would require your ID etc.
Is this not the case? I can make a cash deposit from Natwest, even if I or the seller doesn't have an account with them?
Never done this before, thanks.
1. Yes, the last thing you should do is transfer via online banking. Use a cash deposit at a branch (the bank of your BTC supplier).
2. No. Let's say your supplier has a BOA account. Then you deposit the money at any BOA branch into his account with cash. You do not require ID for this. You may even transfer a cash deposit from any bank in the world to that particular account, but fees would be involved for that, and it could be quite expensive and require a signature.
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Would anyone recommend meeting in person in a public place to buy/sell Bitcoins? It seems fairly safe to me provided you go somewhere without cameras.
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In public is ideal when using LocalBitcoins.com
Remember there is nothing illegal about buying Bitcoins! No need to worry about CCTV or anything. Just meet in a cafe, watch them transfer the coins to your address, take a copy of the transaction hash and exchange the cash. Simple as that :)
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I require help to obtain Bitcoins in the UK, I am utterly confused, even though I am technically proficient in PCs and the Net.
Can someone please tell me in simple english how I get Bitcoins to SR? I was hoping to use a credit card or Paypal, why can't I fund mt.gox this way then send it somewhere else then SR?
Sorry for the dumb question, I'd just like to know a sure-fire way of doing this. Thank you.
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Oh dear daka123 you really need to read up about these things - plenty posts on the forums. Read Read Read.
For obvious reasons DO NOT buy BC with a C/C nor PayPal. Best figure out to get them from BITCOIN OTC as Pine suggested - if you're PC savvy as you say you are you'll manage to work it out ;). That is IRC, NickServ, Gribble, PGP, WoT etc
I've managed just recently to do this and made a couple of successful transactions - quick and easy. It's well worth taking the time ...
Here are some links to help:
http://dkn255hz262ypmii.onion/index.php?topic=62808.0 - a second edition thread by je3n
http://wiki.bitcoin-otc.com/wiki/Main_Page - links to what you need to do to access BITCOIN OTC
Good luck ;)
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I asked on the other thread but what kind of rates do you guys go for? I think I'm all set to make my first transaction tomorrow but don;t wana get (albeit relatively) poor price.
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Just ask around and see what people offer! Usually rates are a function of Mtgoxrates * X. Just post in the main chatroom and see who's interested/.
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Thanks inyala.
I ended up doing localbitcoins, deposit OTC at bank cash direct to a/c (no id required).
Then I moved it localbitcoins = > multibit wallet = > SR
Now deleted the multibit wallet.
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There is a lot of good information here, pity the newbies seem to miss it, or more likely they can't be bothered to look for it. Anyway, thus is to bump it to the front for a while :) :)
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I just thought I'd say that from my own experience of buyin btc I have found that bitmarket.eu & localbitcoins.com are the easiest & best options at the mo for UK btc. I hav found 3 consistent contacts from the local bitcoins website & have used them since mtgox went down...
Bitmarket is good but it's a watcher as you have to keep checkin the site regularly for people who sell at rates less than 8£ per coin. £7:50 is cheapest I've found in months on there.
Local bitcoin rates however range from bang on mtgox rates all the way up to £10 per btc so just shop around as its basically an admag for btc,
but bear in mind some people do cancel your offer for coins as they may only accept bank transfer & not direct deposit or they may just want to meet in person(which sometimes is too far to travel & can sometimes hav a 2£ meetin fee). I never use the localbitcoins wallet with my purchases as I prefer not to leave a trail these days & u skip a 0.05 transaction fee. I get my coins in my provided btc address within 10mins of the deposit being noticed by the seller.(not all transactions are quick tho I've waited a full day for a reply off some sellers) when I provide an address its either sent thru the sites escrow or sent directly from the seller thru blockchain.(blockchain is quicker & again u skip a 0.05 fee from escrow)
I did however manage to fund my mtgox account successfully not long after the Barclays cancellation with 500£ via transfer to there polish account, this cost me a total of 24£ in transfer fees & £2.98 currency conversion. However I do not recommend this as mtgox is apparently compromised by the Feds & will hand over details of frequent/large depositors for investigation.
This is just my personally chosen options for btc in the UK at the moment..
Hope this is useful :-)
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I just thought I'd say that from my own experience of buyin btc I have found that bitmarket.eu & localbitcoins.com are the easiest & best options at the mo for UK btc. I hav found 3 consistent contacts from the local bitcoins website & have used them since mtgox went down...
Bitmarket is good but it's a watcher as you have to keep checkin the site regularly for people who sell at rates less than 8£ per coin. £7:50 is cheapest I've found in months on there.
Local bitcoin rates however range from bang on mtgox rates all the way up to £10 per btc so just shop around as its basically an admag for btc,
but bear in mind some people do cancel your offer for coins as they may only accept bank transfer & not direct deposit or they may just want to meet in person(which sometimes is too far to travel & can sometimes hav a 2£ meetin fee). I never use the localbitcoins wallet with my purchases as I prefer not to leave a trail these days & u skip a 0.05 transaction fee. I get my coins in my provided btc address within 10mins of the deposit being noticed by the seller.(not all transactions are quick tho I've waited a full day for a reply off some sellers) when I provide an address its either sent thru the sites escrow or sent directly from the seller thru blockchain.(blockchain is quicker & again u skip a 0.05 fee from escrow)
I did however manage to fund my mtgox account successfully not long after the Barclays cancellation with 500£ via transfer to there polish account, this cost me a total of 24£ in transfer fees & £2.98 currency conversion. However I do not recommend this as mtgox is apparently compromised by the Feds & will hand over details of frequent/large depositors for investigation.
This is just my personally chosen options for btc in the UK at the moment..
Hope this is useful :-)
That was very useful, thanks....been running through endless threads trying to make sure I get this right!
Can I just confirm the best way to do this is to -
1) Find a contact on localbitcoins
2) Purchase the BTC via bank cash deposit
3) Instruct seller to send BTC to a BTC wallet such as blockchain rather than the localbitcoins wallet
4) From the blockchain wallet, send BTC to SR wallet
Also may I ask -
Would you recommend using Tor when using localbitcoins.com and blockchain or doesn't it really matter?
What's the difference between a cash bank deposit and a direct deposit?
Think I've nearly got my head round all of this!
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bump
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updated
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Im bumping this again, very helpful..
pingit have again made the deposit limit £10 ??? apparently they are running low of bitcoin ::)
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Hi
My ukash for BTC is back up at the wknd. also offer cash for BTC via bank transfer
Donny :)
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Ok desperately need some coins for tomorrow but know nothing about OTC, reading now.
Some questions.
1. Assuming I read through the material will I be able to get coins tomorrow?
2. Are there sellers that accept cash deposit? Don't want anything connected to my account
3. Is there a specific UK irc channel to log on to? Which IRC channel is the best
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Hi
My ukash for BTC is back up at the wknd. also offer cash for BTC via bank transfer
Donny :)
What about Cash deposit into your account?
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Hi
My ukash for BTC is back up at the wknd. also offer cash for BTC via bank transfer
Donny :)
What about Cash deposit into your account?
Yeah of course.
donny
:)
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bitcoin-central.net do instant bak transfers for btc ....... was in my account within hours ....
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Ok desperately need some coins for tomorrow but know nothing about OTC, reading now.
Some questions.
1. Assuming I read through the material will I be able to get coins tomorrow?
2. Are there sellers that accept cash deposit? Don't want anything connected to my account
3. Is there a specific UK irc channel to log on to? Which IRC channel is the best
1. If you've got GPG sorted out & sellers have BTC you probably could
2 Yes, you'll be able to deposit cash into sellers bank account
3 #bitcoin-otc-uk
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Just a reminder my UKASH for BTC service is back up and running!
Donny
:)
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I had coins in my account within 12 hours from the UK with a charge of £11 +0.5%.
bank account > transferwise > bitcoin-central > sr
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OTC is still your cheapest, quickest option.
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Would it be the most cost effective method, to buy UKash vouchers online, transfer them to OKPay, and then have them transfered into MtGox? From my research this seems to be the quickest possible method to at the best possible price.
edit: no i am very high and this is not the quickest or easiest way.
Does anyone have the best possible way? is it OTC like ru5ty has suggested above?
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OTC is definitely worth it - once you figure out how to use the client!!!
Had my BTC in wallet within 20mins :)
Got to watch for scammers though - but check the ratings for the good guys ;)
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Has anyone used localbitcoins.com???
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I've used BTCxUK twice now and had no problems. Process is very easy:
Mail him to get info
Deposit cash into his bank (with reference)
Confirm via mail with a wallet address (can be different each time)
Coins are sent over. (not taken longer than 4h)
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Using OTC the coins reach my wallet within 2 minutes max. The prices are reasonable too. I paid £8.30 per coin today when the MtGox weighted average was at £7.84.
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used localbitcoins a few times now from those BtcDiscreet guys, was a bit hesitant sending them money at first but they have a lot of feedback now, they charge a few percent over the mtgox rate and they are fast.
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Hi mate,
You're not alone with IRC. The process makes mtgox look like a walk in the park, but is essentially this assuming you're doing a bank wire transfer:
If you youtube "bitcoin otc" a video (with shitty quality) will completely explain steps 1-3 for you in full. The resolution is terrible, but the tutorial will suffice. If you don't watch that video you will have no idea what I'm talking about in steps 1-3.
Just signed up to say thanks to j3an for the guide write-up. Have tried OTC trade and don't think I'll go back to other methods!
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I'm looking to do a bank transfer to get some bitcoins,
I don't know which has the best rates, Intersango said that if you use Tor, they'll suspend your account and you'll need to submit AML documents or something..
I dont usually purchase through TOR anyway, just use the anonymous 1.5% mixer fee at Blockchain.info
I've reached my limit with Barclays PingIt but was wondering if I could create another wallet account and pay into that?
Or does the limit apply to the PingIt app?
I tried to do a bank transfer into the same wallet and I can't do that either.
help appreciated
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Bitcoin nordic are good, pretty fast
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bump
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bump
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I sell BTC via Western Union. You can check my signature for my vendor page. thanks!
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I dont understand bit coins :( :(
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Full on newbie here, this guide really helped me make SOME sense out of the world of bitcoin. Thanks for uploading!
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Bumping this thread for newbies
+1 OP
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bitbargain.co.uk I used these for the first time recently and can say its the easiest cheapest way to get them in the uk. It takes a few minutes to get the coins. Its awesome. No fucking around with foreign bank transfers and stuff.
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How is it for protecting anonymity?
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How is it for protecting anonymity?
Well you have to do an online bank transfer, but buying bitcoins is legal so no problems there. As long as your using some kind of bitcoin tumbler or some such then its fine. As far as i understand even if they're going straight into your SR wallet then theres very little risk as its very difficult to trace them due to the various mechanisms used by SR. Correct me if I'm wrong on this?
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How is it for protecting anonymity?
Well you have to do an online bank transfer, but buying bitcoins is legal so no problems there. As long as your using some kind of bitcoin tumbler or some such then its fine. As far as i understand even if they're going straight into your SR wallet then theres very little risk as its very difficult to trace them due to the various mechanisms used by SR. Correct me if I'm wrong on this?
I use bitbargain.
My most recent purchase was £250 worth of coins and I had them in my Wallet in around 4 minutes from requesting a purchase from a seller.
I have heard that SR tumbles your coins so it is basically impossible to track where they went, not 100% sure though.
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In the UK I offer a coins by post service, where depending on your stats/amount of transactions with me, you will get a portion or all of the amount up front.
Also, I don't charge fees/commissions etc, unless you do a one-off purchase, where its only 20p above market rate. Members get 20p below market rate. Closest you get to a fee is I insist it is sent via recorded tracking post, which is a few pounds, but is for safety reasons.
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In my opinion BitcoinsUK is by far the best method of obtaining coins in the UK.
Simple to do, completely anonymous and great rates too.
These guys are a professional outfit don't waste your time elsewhere.
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In the UK I offer a coins by post service, where depending on your stats/amount of transactions with me, you will get a portion or all of the amount up front.
Also, I don't charge fees/commissions etc, unless you do a one-off purchase, where its only 20p above market rate. Members get 20p below market rate. Closest you get to a fee is I insist it is sent via recorded tracking post, which is a few pounds, but is for safety reasons.
I dont really feel comfortable sending cash in the post, and if you don't make any money then what are your motives for selling the coins? If your selling at 20p below market rate, then surely youre losing money on each transaction?
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In my opinion BitcoinsUK is by far the best method of obtaining coins in the UK.
Simple to do, completely anonymous and great rates too.
These guys are a professional outfit don't waste your time elsewhere.
Shill harder please
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In the UK I offer a coins by post service, where depending on your stats/amount of transactions with me, you will get a portion or all of the amount up front.
Also, I don't charge fees/commissions etc, unless you do a one-off purchase, where its only 20p above market rate. Members get 20p below market rate. Closest you get to a fee is I insist it is sent via recorded tracking post, which is a few pounds, but is for safety reasons.
I dont really feel comfortable sending cash in the post, and if you don't make any money then what are your motives for selling the coins? If your selling at 20p below market rate, then surely youre losing money on each transaction?
The vendors who supply me with coins give them me at reduced rates, and the more coins I sell the bigger reduction I get. If they went through an exchange they would be hit with fees and commission, charges etc. and that's even if they could get the market ask for the coins.
Also I bought a lot of coins while they were cheap, at first I wasn't making much money but due to the market going wild I have quite a lot of coins in my possession :D
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I'll bear it in mind for next time I purchase coins!