What are /r/BitcoinUK's favorite Products & Services?

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Kind of depends on your risk tolerance and how much money is in the wallet..

If it was me, i'd just buy a new ledger and install your backup words on the new nano.. If you don't have time for that, using an iOS device which is updated and patched is pretty safe. (i don't have one, so can't recommend which apps will take a backup phrase from you)

Another alternative would be to install ubuntu on a USB drive and boot from that and fire up electrum (https://electrum.org/#home)

I wrote a step-by-step for the Revolut method here. I’m a big fan of Revolut for all sorts of reasons. If you do decide to sign up and fancy doing a stranger a favour, you could use my referral link: https://revolut.com/r/keiran927!crypto

Hi u/bnm777 👋🏻,

You may deposit directly GPB to your Kraken account.

Also, I am not sure of what path the above mentioned website has went for, but our Kraken Pro fees are on the competitive side. 🙂

Happy Sunday,

Val from Kraken 🐙

Never used Solidi before, but generally speaking if it isn't a market order then you pay the current market price and a small percentage (fee) on top of that.

A wallet can be thought of as a collection of bank accounts. You store all of your addresses (which are essentially individual bitcoin accounts) and private keys (the things that cryptographically correspond to your addresses, if you don't have the corresponding private key an address then you won't be able to send bitcoin from that address, think of it like a password for each address (bank account)). You don't need a local wallet to store your bitcoin, it's just that there have been times before where exchanges or online wallets have been hacked and therefore lost your bitcoin. The important thing to take away from this is that **bitcoin is only as secure as the private key holder (eg. if someone hacks your computer and you have a bitcoin wallet on there that isn't password protected, the hacker would have access to your private keys and therefore be able to spend your bitcoin. This is the same with exchanges, your bitcoin is always held in a wallet). The benefit of using a local wallet is the fact that you have full control over your money (nobody else has access to your wallet therefore private keys), but they are only as secure as your computer is (consider looking into hardware wallets). There are however benefits of keeping your bitcoin on an exchange, for example if you are actively trading (buying/selling) frequently.

If you do decide to transfer your bitcoin to a local wallet that you own, I would recommend Electrum as a simple and secure wallet. It should be noted however that to send bitcoin you have to pay a 'small' fee so you can't expect to send the full amount of bitcoin you have purchased since the fee comes out of your current holdings

bittybot.co to compare prices between sellers, try to stick to services that offer UK bank transfer or debit card.

electrum.org to download a wallet to store btc on, good luck.

That means the mempool hasn't accepted it yet, so other nodes can't see it yet. Once that happens you can use accelerators to bump up the fee (search for btc accelerators; viabtc is just one of them)

Use blockchair.com to search for your txid to see when it makes it to the mempool

I use the Kraken Pro app to buy/sell crypto (cheaper fees than using the regular Kraken app).

I use the regular Kraken app to deposit/withdraw GBP (and to set up my account).

Or alternatively you can do everything without using the app at https://www.kraken.com/ and get the same fees as Kraken Pro.

I've been impressed with Kraken. When I created my account, it was verified quickly. Customer support were great too when I had an issue with a trade recently (I got a reply within 10 minutes).

They link to it in the first line of the help page:

• https://www.kraken.com/features/fee-schedule/

And have the same for withdrawal fees:

• https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums

Hi Mark, some very worrying reviews about Coinfloor and Coinfloor support here: https://www.cryptocompare.com/exchanges/coinfloor/reviews/USD

If you really care about winning someone's business and have the time to write on reddit, you would think you would make time to address customer support issues first.

You ought to be good with Kraken unless currency/withdrawal fees are involved in which case the 0.15% fees go up quite steeply. It it's under £5,000 or so that you're looking to sell then Coinbase or Uphold could fit the bill, since as I recall neither has a fee for bank transfer, although each has a sell fee around 1%.

Hopefully Revolut will address this issue, because they're quite wonderful. In the meantime I've been using N26 which works well with Kraken, although I think their UK version is still in closed beta.

Good news: "Revolut Crypto will be getting not one, but two new currencies added to the existing lineup. We're extremely proud to announce that we will be adding Ripple (XRP) and Bitcoin Cash (BCH), alongside the current Bitcoin (BTC), Litecoin (LTC) and Ether (ETH)."

Revolut is the bollocks. If you do decide to sign up and fancy doing a stranger a favour, you could use my referral link: https://revolut.com/r/keiran927!crypto

The main reason people use Revolut in the middle is to convert between EUR and GBP at the best rate. If you can already SEPA between your bank and your exchange without getting battered by fees you might not have a use for Revolut.

I ran your website through SimilarWeb and it didn’t return an estimate for your traffic numbers. Usually, this is an indicator that the website isn’t receiving very much traffic - definitely less than 180K page views per month.

https://www.similarweb.com/website/cryptocoindude.com#overview

The problem with many of the challenger banks is that they don't have direct connections to the faster payment network - which means payments can take many hours to arrive with the recipient, which is no good when using a service like Solidi - the money needs to arrive instantly.

The reality is that while some people have had their banks closed, there are not that many, but rightfully when it happens everyone makes a big noise about it. As we move towards a cashless society banks shouldn't be able to tell you what you can and cannot use your money for (particularly when that thing is a direct competitor to them).

I know plenty of brokers who have put through over £1,000,000 through their personal current accounts without the bank noticing. Quite how the banks can not notice this given their requirement to monitor for Money Laundering and Terrorism Financing is beyond me. But the point is that you can use a standard bank account and as long as you trade on a site which takes security as seriously as we do at Solidi, then you should be absolutely fine.

Hope this helps.

Now go on, try us out and leave us an awesome review on Trustpilot. https://www.trustpilot.com/review/solidi.co

The Ledger isn't perfect but it is still a very good device that has given me peace of mind.

For me the best thing about owning one is the dev team you get along with it. They are active on reddit, really know their stuff and very open with communicating their roadmap which can be seen here - https://trello.com/b/5nQ1mdzt/ledger-roadmap

So try not to think about the money spent in terms of just the device itself, you're also getting a very good dev team who are still actively working on adding more features to the device down the road.

My personal biggest gripe with the device is the storage space which only allows for 4 coin apps on it at a time (You can store as many alts as Ledger supports on the device but you have to swap the apps out one at a time).

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I don't know what Blocknomics is. If they search through all your receive addresses and there was nothing then yeah your wallet is empty.

You can check yourself by taking the receive addresses and checking history in a block explorer ( https://blockchair.com ). Although if it's empty in Electrum...it's probably empty. If you built the wallet from seed words it might be checking all three paths: legacy addresses, segwit and native segwit adresses. They start with a 1, 3, bc1 respectively.

Hi u/bnm777 👋🏻,

We offer various products with different fee tiers. I would say we're definitely on the competitive side with the Kraken Pro products. You may review our fees here. 🙂

Val 🐙

Thank you for the mention u/cherry-ghost!

Here's our support article with our fees for reference: https://www.kraken.com/features/fee-schedule/#kraken-pro

Happy Trading!

Sana from Kraken 🐙

Kraken is my preferred exchange. They support Faster Payments so deposits usually only take a few minutes, and have lower trading fees than Coinbase Pro:

• https://www.kraken.com/en-us/features/fee-schedule/#kraken-pro

Just make sure to use Kraken Pro rather than their instant buy feature, similar to using Coinbase Pro over the usual Coinbase.

For cashing out, GBP withdrawals have a £1.95 fee so depending on how much you're selling it may be cheaper to go via Coinbase Pro rather than Kraken, if the difference in trading fees is lower than the withdrawal fee.

For a backup method
1) Open a Transferwise (Now known as just Wise.com) account
2) In Wise.com open a GBP or EUR balance/account
2) Get the Binance virtual/physical card
3) 'TopUp' your Wise account balance with your Binance card by Choosing your payment currency as GBP or EUR (Does not work with USD) then select pay by debit card (up to 8700 euros per day)
I Tested today with 5100 Euros to my EUR balance and money arrived immediately

4) Once money is on your Wise.com balance/account you can either freely make a bank transfer a bunch of international bank accounts
Or because Binance has only a 290 EUR per day ATM limit, you can withdraw more, to be precise up to 1500 GBP worth - 1000 GBP limit per withdrawal, 1500 GBP per day and 4000 per month, using the Wise.com mastercard.

My experience -
I topped up my Wise balance 5100 EUR by paying 5120.91 EUR with my Binance card with cost me 5825.79 BUSD
Today Google says 5825.79 USD = 5,174.82 EUR
So far that cost me 74.82 EUR = 1.44% (though I should get 2% cash back from Binance)

I withdrew 500 EUR then 1000 EUR from the French bank BNP's cash machine, which didn't charge a commission
However Wise.com does charge an ATM fee
Wise.com added 4.63 for 500 euros and 17.50 for 1000 euros to the transactions
So would have been cheaper to do 3x 500 EUR

Total cost to get from 5825.79 BUSD on Binance to 5100 EUR cash = 96,95 EUR = 1.87% as I said I should get 2% cashback from Binance so I'll get a little 0.13% cheeky bonus

The BTC already hit a nice value for me (I bought it as $8). So I rented BMW i3 for a weekend but it wasn't as groundbreaking for me as I expected. And Tesla was too big. I always liked tiny cars so I bought brand new Skoda Citigo for my Bitcoin. With custom nameplates: https://photos.google.com/share/AF1QipOhXPAODA5-Kw-J6w9zlcsmOfREPFG8_TcNwmzUIDiZykXSylnLQuFcgdNegAp3zw?key=UXBMQnpYcUY3NGs1Mnp4OW5aa25GYnI1aHBLM1BR

I wouldn't put a penny into Revolut, it's fine for small amounts, but if you are panning to transfer thousands, they will give you VERY HARD time. Just check them on trustpilot.com you will be shocked how shit this company is. Fucking scammers.

Personally I have a copy of my seed phrases stored away inside a stash spot something like this (but obvs not that - search Pill Stash). I then have a seperate letter which will be given to my next of kin that explains where this is (and probs what to do with it too). There is probably some bonus treasure hunt fun to be had if I've got enough of a life left to plan it...

If your aim is ethereum or an ICO, then bitcoin is an easy way to move £ into cryptocurrencies through p2p markets and then online exchanges. Bitfinex does not do ICOs although they have low fees for changing existing cryptocurrencies, 0.1–0.2% for the sort of volume you are doing at present. Also, 4chan's [/biz/](4chan.org/biz/) is almost entirely devoted to talk of ICOs and embryonic cryptocurrencies. Tread carefully.

You have a couple good options: 1) you can cash out for £ at a higher markup through the p2p market and the London listings will give you a good idea of going rates for both cash and bank deposit/transfer.
2) An electronic exchange like Bitfinex will provide a quick option for cashing out into fiat, although you will get slightly less than market price (1/10–2/10%).

Hi u/r701137,

It is clearly mentioned here:

https://www.kraken.com/en-us/features/fee-schedule

"These purchases include a spread that is added to the quoted price. The confirmation page for each transaction shows exactly what you’ll pay and receive."

Best, Jeff

Hello u/r701137,

Please let me know your ticket number so our trading team can assist you with your query.

Generally when you use Instant Buy function there is build-in spread, and when you perform a trade then the trading fee is applied.

How to buy and sell cryptocurrencies and FX on Kraken

Best,

Jeff from Kraken

Revolut works well for crypto (coinbase Pro/Binance) and if you Travel abroad, you can pay in Euros, Dollars… you can have several wallets with Different Fiat. It is super handy. This is my link if you decide to join: https://revolut.com/referral/alejanw8e5!AUG2AR

I recommend simpleswap.io Well-coordinated work. The exchange is fast - almost immediately after payment. I make regular exchanges (btc to eht). Sometimes I have some troubles cos am a newbie, but they have a quick connection with technical support. Usually, they solve issues quickly. Sometimes, there are little delays. All in all, this is a very good exchanger..

LocalCoinSwap is pretty popular in the UK, all you need is a valid email to get going. No blood sample required. P2P trading can be very safe, especially as a buyer provided you take advantage of the escrow, and by that, I simply mean just use it and never pay before escrow is funded. If you run into a dispute but you paid, all you'll have to do is just provide proof of payment and the escrow will get released to you. If you're new to P2P just start with an established vendor, like any business if they have a good thing going they won't want to mess around.

LocalCoinSwap referral code:
https://localcoinswap.com/register/?rc=DCD94566
- If you sign up we both receive 10% commission on your trade fees!

LocalCoinSwap is a P2P platform - Similar to Localbitcoins but with many more cryptos supported. Also, you can trade with cash, and without submitting KYC to the platform.

LocalCoinSwap also provides non-custodial trading so you do not need to trust the platform with your funds and you control your private keys!

If you haven't already tried it, I urge you to join LocalCoinSwap - https://localcoinswap.com. The exchange is owned by the community and 100% of profit is given back to the community on a quarterly basis. They have no KYC and 23 cryptocurrencies with more on the way.

I encourage you to try LocalCoinSwap. It's a 100% community owned P2P decentralised exchange that gives 100% of its profit back to the community. There is no KYC and it's a global marketplace with 20+ cryptocurrencies with more on the way. https://localcoinswap.com The team are awesome, the community are committed and passionate. It's a top project and worth getting in early as the referral program and other promotions will be starting shortly aligned with hard launch.

There already is one, LocalCoinSwap. We have already soft launched at the end of 2018, and we will be finalising hard launch at the end of Feb. You can already start P2P trading - it's a global marketplace with over 20+ cryptocurrencies and no KYC. https://localcoinswap.com

​

I've used Uphold for many years without any issues personally.

Can only use FPS via the mobile app atm though. Not on the web interface yet. When I first joined them myself it was actually available, but lost when banks tried to stomp out crypto, great to see it coming back again.

You should also be wary of which cryptos can be withdrawn via their native chains and which can only be bought, sold & held on the platform. Check the tiers here https://uphold.com/en/transparency

Use uphold.

I understand coinbase transfers are done from Estonia, thus incurring into larger fees.

Uphold has an account at metrobank so the settlement should be quicker and cheaper https://uphold.com/

GB IBANs are constructed using the sort code and account number (see https://www.xe.com/ibancalculator/sample/?ibancountry=united%20kingdom), so you can just extract the digits (branch identifier == sort code) and try it.. I don't know if they'll like that or not though.. I guess the worst case is the payment gets stuck and they eventually send it back.

I use Revolut to send EUR to coinbase.

You can use my link revolut.com/referral/laurenztj!G10D21 to get a free card and £10 gift.

You receive the £10 after making your first payment.

Closing date 28 August

Awesome! I need two more signups please:

https://revolut.com/r/muhsinndn!crypto

I think there's a great opportunity here, think about this: Buy crypto with monthly salary, slowly spend using revolut card, hopefully by the end of the month, you have excess crypto!

https://revolut.com/r/daniel79y!crypto

Hoping this takes off because transfering to coinbase/gdax is becoming a real pain

Any news on whether they will allow withdrawal to a wallet of our choice in the future?

Sorry, I forgot to point out that the title of the linked thread is "Bittylicious SOLD OUT!" – so I wondered if there was any other means to buy DASH in the UK.

Mycelium are working on Dash integration so that should be an option soon and hopefully it will enable trading too. However, the Mycelium/Dash announcement on the Dash forum doesn't mention this.

I would also love to see DASH support on LocalBitcoins, but so far it seems they're staying clear of adding other cryptocurrencies. They never added LTC trading, and DASH currently has a much lower market cap, so perhaps the volume will have to approach that of BTC before they will add it.

That's terrible, really sorry to hear it.

If you want to turn BTC into Fiat, then we at Solidi would be glad to help!

Here's the usual blurb - important point I guess is the happy customers and our support.

• Cheapest in the UK!
• No ID required (but if you want higher limits, sooner, it helps!)
• Buy bitcoins in around a minute
• 100% cold storage customer wallets
• Lots of happy customers - https://www.trustpilot.com/review/solidi.co
• Serious fraud detection system keeping our traders safe.
• Part of the University of Cambridge's Accelerate programme - http://www.jbs.cam.ac.uk/entrepreneurship/programmes/accelerate-cambridge/ventures/accelerate/
• Telephone Support! - A UK first? We love to chat, but more than that we love to help! Give us a call!

Coinbase can be a pain to use.

You may be interested in the new xsats app:

Buy bitcoin for sub 1% fees directly to your private wallet with the xsats app - please reach out if you have any questions :)

UK based 🇬🇧 - Automatic processing to private wallet - Easy and fast setup - No hidden fees - <1% fee - Non-custodial - Bitcoin only

Download here: iOS & Android

You may be interested in what we’re building at xsats - simple, automated purchase of bitcoin directly to your private wallet.

We charge no additional withdrawal or trading fees - only ~ 1% spread in the price to cover costs.

Check out our app on iOS or Android

You may be interested in the new xsats app. UK-based. Non-custodial. Competitive rates.

iOS & Android

Can't offer much info on cashing out, but for those looking to cash in to bitcoin over time - you may be interested in the xsats app:

Links: iOS & Android

It's not a issue for self-custodied coins!

If you're just looking for an easy way to acquire *real* bitcoin into your own custody and control (the only way you know the bitcoin is really yours) you may be interested in the new xsats app:

Links: iOS & Android

There is bitcoin and there are worthless shitcoins. Do not fall for the marketing.

Focus on bitcoin, and bitcoin only options like xsats:

iOS & Android

Buy bitcoin for sub 1% fees directly to your private wallet with the xsats app - please reach out if you have any questions :)

Check out the xsats app: iOS & Android

If you’d like to take the step to own bitcoin yourself, we’d love to help!

Check out the xsats app - iOS & Android

You may be interested in the xsats app - simplify and automate the process of buying bitcoin.

You can download the app from here - iOS & Android

The xsats app was made for you - lowest fees around.

Make buying bitcoin simple and automated!

App available here - iOS & Android

Save on fees and promote self custody!

You may be interested in checking out the xsats app - iOS & Android

We are finalising beta (I'm testing on a Samsung!) and soon to launch!

If you register on the lbx.com website and complete KYC and be I readiness to use the app. Please note, this is currently public Beta, so you may want to hold off until it launches.

LBX - London Block Exchange Android App: https://play.google.com/store/apps/details?id=com.lbx.app

To be honest I have more trouble selling bch than buying.

Try bitcoin.com for desktop and mobile wallet or Electron for desktop wallet. Fees are at the moment below £0.02 for transfer.

Bittylicious is accepting gbp bank transfer, but it is not the cheapest site. Not most expensive either tbf.

When it comes to exchanges you have to read their rules individually as they are not the same.

Edit: I also highly recommend this book.

First edition was better, but this will save you a lot of money in long run.

No sorry they aren't up to speed in this area. You are on your own. And as a bonus HMRC haven't settled on how they will tax you.

You should read Tolleys-Yellow-Handbook-2016-17

Only 17806 pages! You can thank me later.

I have a Bitcoin widget on Android that I use for for price. I've set it to Coinbase and it displays in £, you just have to set it up, takes seconds.