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UK specific cryptocurrency chat
This subreddit is for UK specific cryptocurrency discussion. Please note that this is not a place for pumping specific coins or disrespecting others. Focus should be on UK specific content but we aim to be a free and open place.
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Hi, so looking for any advice from people in the UK as to the best methods of trading, My thoughts are to convert my Bitcoins to Litecoin so that I can easily sell them on Litecoin local, however looking at a few sites for trading there seems to be some pretty high fees, some up to 20%, is this normal? Short question, whats the best / easiest way I can convert BTC to LTC? Thanks
Hey guys. I was wondering if there is anyway to trade bitcoins like you would with currency trading at the moment? So for example I would use the Metatrader platform to buy and sell currencies crosses at current prices. Also needs to be UK friendly
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.
How would I start trading bitcoin as a 15 year old (UK)?
As the title suggests. I've looked everywhere and it seems impossible. Every site either has an 18+ limit with an ID verification (which I wouldn't pass of course, with my age), or they have an 18+ age limit, but extremely low limits until you ID verify. I have access to Tor if that helps.
Useful Info: MTI official URL Link: ➡️https://mymticlub.com/ Click on ‘Member Login’ Bitcoin Mirror Trading UK Invite Link (Telegram) ➡️ https://t.me/joinchat/AAAAAFac2S2fqT_FFJ6ZoA Official MTI Telegram Group ➡️https://mymticlub.com/telegram Official MTI Youtube Link ➡️ https://www.youtube.com/channel/UC96zVhuCPm83_HwGTJZ3x0A Bitcoin Mirror Trading UK Facebook Invite Link ➡️ https://www.facebook.com/groups/278604083278752/?ref=share Bitcoin Mirror Trading UK Subreddit Link ➡️ https://www.reddit.com/MTIUK/ Useful Info: WHERE DO YOUR FUNDS GO? When you add funds to MTI, the BTC you sent to MTI's BTC Wallet physically gets sent to the BROKER to be traded and remains there until you request a withdrawal to your BTC wallet. ⚠️ Remember, no funds are ever physically in the backoffice - the backoffice just REFLECTS the funds you have and allows you to request the movement thereof. ACTIVATION WALLET All BTC Deposits come into your MTI account via the Activation Wallet but gets AUTOMATICALLY transferred to the Trading Pool. P2P transfers from another member's account come into your account via the Activation Wallet but ... ❌ does NOT automatically go into the Trading Pool which means it will NOT be traded until you ... ✅ MANUALLY move it to the Trading Pool. TRADING POOL Only approved BTC Deposits from external BTC Wallets and Daily Trading Bonuses get added automatically to the trading pool. ⚠️ Note: ONLY the funds that are in the Trading Pool will get traded. INCOME WALLET ALL bonuses earned from referring members and building a team, ie. Referral Bonuses, Binary Bonuses and P1/P2 Leadership Bonuses go to INCOME WALLET - it does NOT automatically get added to the trading pool. Referral Bonuses (allocated when your direct referral makes a qualifying deposit) and Binary Bonuses (allocated weekly on Saturdays) have a 7 day waiting period and will reflect in your income wallet's pending balance and after the 7 day waiting period will appear in your income wallet's available balance. P1/P2 bonuses are paid each Saturday and are available immediately and will reflect in your income wallet's available balance. ⚠️ Note: Funds that are in the Income Wallet will NOT be traded, which means it is NOT growing unless it is in the Trading Pool. Whatever is in the available income wallet balance can be: ✅ manually transferred to Trading Pool to grow ✅ transferred to another member via P2P ✅ withdrawn to BTC wallet to be spent, sold or deposited back into MTI 🤑 WALLET TRANSACTION HISTORY All bonuses earned and movement of funds can be seen as "journal entries" under Wallet, Wallet Transaction History. EXCHANGES HOW TO's:
I wanted to ask if margin trading in the UK of bitcoin/other crypto has any special requirements (you need to register as a trader etc.)? And what will taxation be like - would it fall under Capital Gains Tax or income tax?
Hi there, I just wanted to share my experience of trading bitcoin in the UK for the last 4 years. I've always used localbitcoins due to its simplicity for GBP to BTC (and vice versa) and low fees. However I've gone through 4 bank accounts during my time trading with each one stating that they'll shut down my account if I carried on. The banks I've used are Halifax, Lloyds, Monzo and Starling. I seemed to have the most success with Monzo until today. Does anyone know why banks in the UK have a problem with this? Have people had similar experiences? Also does anyone know of any banks that would support such activity as I'm running out of options? It would be much appreciated if people could share who they bank with while trading cryptocurrencies. Thanks! TLDR: Have had 4 UK bank warnings of closure if I don't stop trading bitcoin. What bank would be best to use for trading bitcoin and other cryptos without risk of closure to the account? My LBC profile for reference: https://localbitcoins.com/accounts/profile/MrIanHell/
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11-22 09:43 - 'I have noticed a trend of some big localbitcoins traders setting up on LocalCoinSwap. There are a few reputable ones in the UK already that you can trade with. [[link]]' by /u/Criptoradar removed from /r/Bitcoin within 0-4min
''' I have noticed a trend of some big localbitcoins traders setting up on LocalCoinSwap. There are a few reputable ones in the UK already that you can trade with. [[link]2 ''' Context Link Go1dfish undelete link unreddit undelete link Author: Criptoradar 1: *ocalcoin**a*.*om/en/*uy-s*l*/bitcoin-**C/*ni*ed-**ngdo*/all*p*yme*ts/ 2: loca*coinsw*p.*om/en/buy-sell*bit**in**T*/*nite**kingd*m/all-*a*m*nt*/]*^1 Unknown links are censored to prevent spreading illicit content.
Fortunately, Bitcoin trading in the UK is absolutely legal and unrestricted. All you need is a trustworthy broker and the minimum amount of trading required. The minimum deposit and trading amount varies enormously depending on the type of platform. Basically we have to distinguish between 2 types of Bitcoin Brokers. "Real" Bitcoin Brokers Trading Bitcoin can make you a millionaire very fast, if you know what you are doing. It can also make you a pauper just as fast which is why risk management in trading Bitcoin is so important. Perhaps more important than other markets and the reason is simple. Because cryptocurrency exchanges are so disconnected the market is very thin at the MARTIN LEWIS' advice on finance trends has proved crucial for many in the UK - and he issued a warning against the dangers of popular cryptocurrency - Bitcoin. Coin Trading; Register; 1033 Home; Call Us +44 1992 804 750 +44 7845 111936. Login. Email. Password. Login. Forgot your password? Register for an account; Need help registering? We Buy and Sell Bitcoin, Ethereum, Ripple, Litecoin and all other Cryptocurrencies. Broxbourne, Hertfordshire, England +44 1992 804 750. firstname.lastname@example.org. Useful The Bitcoin UK Investment Services offer a variety of products including an OTC Brokerage and Superannuation Products for investors looking to gain exposure to crypto assets. Learn more Education
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