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A place to discuss CoinCorner.com - the easiest way to buy Bitcoin, Ethereum, Litecoin and Ripple in the UK and Europe. CoinCorner is a crypto exchange helping to educate and bring cryptocurrencies to the masses. www.coincorner.com
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How do I buy and sell bitcoin legitimately in the UK on websites like Paxful a asked Localbitcoins?
Okay so I've been trading a little while on LBC and I've been semi successful and I've enjoyed doing it, until people have started targeting me and reversing payments... As some of you will know this is intensely annoying, the bank will lock up your account until the investigation is closed and they might even close your bank account altogether. Yet, there are people on LBC who operate within the UK just fine. How do they do this? What is the process that needs to happen to be able to trade and be sure that your account won't be locked up if someone tries to reverse a payment? I'd like specifics if anyone can provide them but I have a few specific questions: What business account bank should I use and why? I've heard Enumis and Clear Junction are popular. I know I need to be regulated by the FCA if I want to start trading consistently with large volumes. Will being FCA approved effect the way I trade to any large degree? Will it prevent people from locking up my account by reversing payments etc? Any other comments from UK based professional traders on Localbitcoins or similar P2P trading sites would be appreciated.
If I buy Bitcoin in the UK and sell it in Australia (or vice versa) how does that complicate tax?
I'm a dual citizen but reside in AU - My initial plan is to buy with my UK tax-free inheritance using £GBP, probably wait for a short time for the value to increase to cover the fees, and sell partially for AUD$, while holding the rest as a Bitcoin investment for more than a year, or until the peak of the next bull run. In Australia if you hold for more than a year there's a 50% discount in capital gains tax, but what if I didn't buy it in Aus? I'm unsure how to pay the least tax when I sell Bitcoin. The UK tax-free exemption yearly limit for all investments is £11,700 so perhaps I can sell this much worth for £ each year. Then if I spend it with my UK debit card in AU does that have tax implications in AU? Thanks!
I would like a site to buy/sell bitcoins that works in the UK and does not do insane amounts of "verification" like passports and things.
I used to do this long ago with Mt. Gox back when I used to mine them. I signed up for coinbase as a friend recommended it. I am unable to use it because I have no passport, drivers license or any form of "official" ID as they cost money to obtain and I have zero use for them. So I need a good old, genuinely good site where I can buy and sell bitcoins to turn what I have into cash as and when I need etc.
01-08 23:47 - 'They're a "social payments app," according to them. Everyone on r/Bitcoin used them as an exchange. / They had buy/sell support, and were insured/had the "A OK" from all 50 states and the UK. People tried to call them the...' by /u/PSMOkizzle removed from /r/Bitcoin within 119-124min
''' They're a "social payments app," according to them. Everyone on Bitcoin used them as an exchange. They had buy/sell support, and were insured/had the "A OK" from all 50 states and the UK. People tried to call them the savior of Bitcoin that was supposed to make Bitcoin adoption rates skyrocket. But they didn't, probably spent a lot of money trying, and stopped buy/sell support a month ago. Guys like Logical007 keep the Circle app installed so that they can keep giving 1-star reviews and brigading for more people to waste time and energy beating a dead horse. What makes people mad is that they're not 100% dumping Bitcoin, because they claim they're building an open-source blockchain protocol called Spark that'll use crypto to beat shitty FX rates. So the bitcoin community doesn't know how to internalize it; Circle is in a good position to build a legal use case (value goes up), but they were an easy means of buying/selling Bitcoin (easy liquidity). Most people care less about the long-term value of Bitcoin, and want free liquidity (since exchanges charge fees to offset fraud losses). There were also comments from Jeremy Allaire, the CEO of Circle, that bitcoin read as anti-Core. He talked about conflicts between Core devs regarding blocksize limits (bitcoin doesn't tolerate Core developer criticisms as much as btc), and at a conference said that Bitcoin would potentially not be used in 5-10 years. I assumed he posited we'd be using something built on top of Bitcoin, but I can see how some people could interpret that as a condemnation. But hey, building Spark seems like they're trying to take action instead of waiting for Bitcoin to be the platform they want it to be. TL;DR they were nice, when you could buy/sell. They cut buy/sell in order to build a Bitcoin/crypto-based settlement platform. A lot of people only heard about them in a buy/sell context, so they think that people using them for Spark are lying. ''' Context Link Go1dfish undelete link unreddit undelete link Author: PSMOkizzle
The simplest way for you to buy and sell Bitcoin in UK. Buy BTC. Buy Bitcoin SV. Buy Bitcoin SV (Satoshi Vision) with the UK's Bitcoin Exchange. Buy BSV. Learn. Understanding Bitcoin can be a little intimidating at the start, so we’ve created guides to help you get started. Get Started. Education . Bitcoin 101. Learn the basics of Bitcoin and the revolutionary technology behind it. Start ... One British website where you can quickly buy bitcoin in the UK is Bittylicious, making buying the cryptocurrency with bank transfers easy. How to Buy and Sell Bitcoin Using an Exchange. In this guide, we will highlight how to buy bitcoin for individuals located in the UK and EU from one of the most reputable European exchanges, Kraken. Exchanges are the cheapest method to buy bitcoin and the ... Bitcoin UK makes it easy to buy digital currencies by providing a number of different payment methods which are convenient to you. Each payment method may have different limits, fees and availability which you can check on this page. Regardless of the payment method your digital currency order will be processed as soon as possible. Online Bank Transfer. Use your online banking and make a ... Find an existing seller looking to sell Bitcoin Cash (BCH) or create a new buy order yourself. Open a trade with your chosen seller and they’ll send the BCH to the blind escrow account. Once you’ve sent the agreed payment via bank transfer or other payment method, the seller will confirm they’ve received the funds. The BCH you’ve bought will then be released from the blind escrow and ... As the cryptocurrency industry overcomes boundaries and country borders, it gets easier to buy Bitcoin in the UK, and not much different than buying it from, say, Canada.If you’d prefer to use businesses that are from the UK, among ...
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