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How To Buy Bitcoin In The Uk

How To Buy Bitcoin In The Uk

So, you've heard all about the advantages of this amazing new financial technology called bitcoin, buthow doyougo about buying itin the British Isles? While bitcoin makes sending payments between countries or even continents quick, cheap and easy, traditional banking systems have yet catch up.As a result,users buying bitcoin through a bank accountreportfrustration withcomplexprocedures, delayswhile funds arriveandhigh fees for international transfers. Credit and debit cards will oftenincur charges too, and not all companies will accept them due to the risk of fraudulent chargebacks. As a result,if you're not paying withcash at a bitcoin ATM or from an individual at a meetup, buying bitcoin is bestdone by fast and free domestic bank transfer if you can find a bitcoin business offering that option, that is. The problem is, British banks are reluctant to service bitcoin companies so many exchanges are having to bank elsewhere in the EU. In these cases, you'll have to put up with charges on international transfers like SEPA and often wait 25days for yourfunds to arrive. The British government has made some noises about turning the country into a cryptocurrency-friendly environment . However, as it stands,a UK exchange providing SEPA bank transfers offers few advantages over any exchange in the EU apart from being able to deposit in GBP, perhaps. However, new banking partnership s are being forged that allowbitcoin exchangesadd local depositoptions for UK customers. Bitcoin is notoriously volatilethat is, the value can climb and drop significantly over short timeframes. As a result, bitcoin buyers would do well to keep an eye on the price charts in order to make, hopefully, a timely purchase when the value is low. Indeed, many people earnmoney trading bitcoin, making the mo Continue reading >>

Guide For Buying And Storing Ripple (xrp)

Guide For Buying And Storing Ripple (xrp)

Guide for buying and storing Ripple (XRP) So I have bought some XRP (Ripple) through Bitstamp. I still have a USD balance in my Bitstamp, as I am holding on to see if XRP drops in price so I can buy some more. Having read all the good advice above, regarding storing coins in a wallet, I decided to look at the various wallets on offer on a website called CryptoCompare . (there are many wallet choices). I notice there are many factors (Security, Anonymity, Easy of Use, Extra services etc.). You've recommended GateHub, but there seems to be a lot of negativity towards them? What is it in them that you see that is good? XRP appear to only have two possible wallets Gatehub and Ledger Wallet? Is having a hardware wallet better than a Windows based wallet? Why are there very few wallets available for XRP? Can XRP be converted to BTC via Bitstamp and then transferred into one of the many good BTC supported wallets? Are there costs involved converting XRP to BTC to a wallet? Having bought some XRP already, how do I now store them into a wallet? (I am slightly confused with this point), would I have to sell my XRP and transfer those USD I have in my account to a wallet and how can that be done in Bitstamp? I only see a wallet option in the Android app. You've recommended GateHub, but there seems to be a lot of negativity towards them? What is it in them that you see that is good? XRP appear to only have two possible wallets Gatehub and Ledger Wallet? Is having a hardware wallet better than a Windows based wallet? Why are there very few wallets available for XRP? Can XRP be converted to BTC via Bitstamp and then transferred into one of the many good BTC supported wallets? Are there costs involved converting XRP to BTC to a wallet? Having bought some XRP already, how do I now stor Continue reading >>

Cryptomate Review - Is Cryptomate.co.uk Scam Or Good Cryptocurrency Exchange?

Cryptomate Review - Is Cryptomate.co.uk Scam Or Good Cryptocurrency Exchange?

Cryptomate is registered in the UK, but does not fall under any specific financial regulation, unlike Crypto Facilities . That being said the latter offers derivatives trading, while Cryptomate is more of service, than a trading facility. The company is basically a peer-to-peer network, connecting buyers and sellers of cryptocurrencies, although not everybody can sell at the website. In order to become a vendor one must contact the website and probably meet some volume requirements. The most unique feature at Cryptomate is that only UK bank transfers are accepted as a payment method. This exchange is one of the few which doesnt offer a wallet, although they provide useful links for beginners, who can read-up on the topic. When making an order at Cryptomate, you have to provide your own external address, to which the coins will be sent. Unlike a lot of other companies in the space, Cryptomate has to follow the working hours of UK banks. This is simply due to the fact, each transfer comes has is connected with the Faster Payments Service (FPS). For those of you who are not familiar with it, this is a system connecting British banks, allowing them to make cheaper and faster payments between one another (much like the SEPA system in the EU). Cryptomate claims around a transaction processing time of aroun 15 minutes. While this is absurd from a trading perspective, it is actually quite fast, when compared to similar services, like CoinTree in Australia. There havent been any reports on hacks at Cryptomate. The fact the company only connects buyers with vendors and does not store any cryptocurrencies has something to do with this there are very few things which can be hacked. When it comes to the user reviews, Cryptomate is generally praised. The few complaints we managed to Continue reading >>

Nxt News April 2017 (i): The Greater The Difficulty, The Greater The Glory In Surmounting It

Nxt News April 2017 (i): The Greater The Difficulty, The Greater The Glory In Surmounting It

Nxt news April 2017 (I): The Greater the Difficulty, the Greater the Glory in Surmounting It Heres some of the latest news about Nxt over this past week: Here below aremore details about each of these topics: Hyperledger , a Linux Foundation project, intends to create an advance cross-industry blockchain technology through a collaborative effort and has been doing so since 2015. Hyperledger has recently set up a special section on its website to let the public know about Hyperledger members that offer a variety of products and services around and based on various business blockchain technologies. The Nxt Foundation is included in this section. Travin Keith , the Marketing Director and a Blockchain Consultant of the Nxt Foundation, is the person in charge of representing the Nxt Foundation at Hyperledger , where numerous well-known players in the finance and tech industries are members of, such as:Cisco, Fujitsu, Hitachi, IBM, Intel, Red Hat, Grupo Deutsche Brse, J.P. Morgan, etc. The Nxt Foundation is a nonprofit organization that promotes the use of Nxt and Ardor blockchain technology. Since 2014, we have been a point-of-contact for businesses and organizations interested in using this technology and have since expanded our operations to further support the broader community. Blockchain Products/Services Offered: Businesses and organizations can consult with us regarding the use of the open source feature-filled Nxt and Ardor blockchain technologies that we support, whether on the public chain or a private one, for various blockchain-based solutions spanning a wide range of industries. Existing blockchain features include Arbitrary Messaging, Polling, Phased Transactions, Asset Creation, and an Asset Exchange, as well as a Plugin system, to name a few. The Nxt Foundat Continue reading >>

Monero.how - Monero Tutorials, Statistics, Charts And Resources

Monero.how - Monero Tutorials, Statistics, Charts And Resources

Send feedback, corrections or suggestions to hello Donations for running costs appreciated at 49gaVm1UjcxPjntMKLYdFxiUixBCkdGzLiFTE8opG243ZgKmZE1x7zoYjTTWu4A9t3SkkXrvjhuutY8jpdVtWVTrTS5LUwh Thanks to Monero developers and community members that answered questions that contributed to the content in this site: jollymort, hyc, moneromoo, smooth, jwinterm, debruyne, fluffypony, pero, needmoney90, ferretinjapan, idunk, saddam, wolf0, daveyjones, snipa, gingeropolous, markos, othe, m5m400, luigi1111, kenshi84 Disclaimer: This site contains opinion for informational purposes only and does not consitute investment advice. Information may contain errors and omissions. Use solely at your own risk. Services listed here are run by third parties and are not vetted by this site. The authors of this site and/or the authors of articles linked to from this site may have financial investments that may bias their opinions, including ownership of Monero currency. Always do your own research, form your own opinions, and never take risks with money or trust third parties without verifying their credibility. Remember to take your computer security seriously and never use a computer or phone that is at risk of infection by untrusted software that may contain malware or viruses. Copyright 2017. Continue reading >>

Ultimate Bitcoin Guide: How To Setup A Wallet, Buy, And Use Bitcoin In The Uk

Ultimate Bitcoin Guide: How To Setup A Wallet, Buy, And Use Bitcoin In The Uk

Ultimate Bitcoin Guide: How to Setup a Wallet, Buy, and Use Bitcoin in the UK Recent technology has given us lots of new ways to pay for stuff, with contactless cards and the likes of Apple Pay making parting with our hard earned cash easier than ever. But ultimately, these systems all still rely on the age-old system of the pound sterling, as backed by the Bank of England. There is, however, another new financial technology that could revolutionise the way we spend: Bitcoin, which instead of relying on the Bank of England, is a cryptocurrency based on complex maths. Related: Where Can I Use Apple Pay in the UK? Unlike normal currencies, Bitcoin doesnt have a central bank or the backing of a government. Instead, it is regulated by complex algorithms, with new coins being mined when computers solve complex equations. All of this number crunching is tracked by the blockchain, a public ledger of all transactions which is distributed, meaning there is no central point in the network that can be shut down. It is perhaps analogous to file-sharing protocol BitTorrent. You can obtain Bitcoins by mining them yourself or buying them from an exchange. But for that to happen, youll first need a wallet. There are different ways to get a wallet. You can simply store Bitcoins on your hard disk, in wallet software running locally or you can use an online service and have your coins stored in the cloud. Both have advantages and disadvantages. For example, if your coins are stored locally, if something physically happens to your computer (such as your hard disk getting destroyed) you lose your cash. Conversely, if your coins are stored online with an Exchange, they are more likely to be an attractive target to hackers. Famously last year, Mt Gox, which was one of the largest Bitcoin exc Continue reading >>

About Cryptomate Exchange | How To Create A Cryptomate Account?

About Cryptomate Exchange | How To Create A Cryptomate Account?

Cryptomate is a unique platform where vendors connect with buyers for buying and selling of cryptocurrency. William Thomas founded this company in 2014. He believes that a decentralized system with thepeer-to-peer transfer is the future of currency. Cryptomate is a platform for crypto exchange where its bridging the gap between GBP and Crypto exchanges present in theUK. The platform is limited to users with British bank accounts and sign up is not necessary to place an order. Cryptomate allows the exchange of many cryptocurrencies such as Bitcoin , Litecoin , Ripple , and Ethereum etc. If a user places an order for any of the currencies, it is usually delivered within an hour. Verification of a user plays a major role though. This has now been increased to 200 and is per order. If theuser wants to buy more crypto then he needs to submit ID proof. For a verified user, the crypto purchase is allowed up to 1000 pounds/order and verified users can create OTC orders for purchases above 2,500 also. The mode of payment for thepurchase of cryptocurrency is possible only through online banking transfer. For user convenience, cryptomate shows an online sign on its website thus making the transactions easier. Cryptomate works on the concept of Peer-to-peer trusted vendor system (P2P) i.e. it connects vendors and buyers on a single platform. For security, it uses 256 bit SSL for point-to-point encrypted communication. The information of all cryptomate users is present in a secure database. Thus, Cryptomate is fast, easy and secure. Vendors can apply by emailing its support staff. Cryptomate has all major currencies listed on its platform but not all. Thus, if a user cannot find the preferred currency on the list, a suggestion can be posted to their support team. There is also an o Continue reading >>

New British Exchange Cryptomate Opens

New British Exchange Cryptomate Opens

Bitcoiners in the United Kingdom have now a new exchange where they can easily buy and sell Bitcoin. CryptoMate is a new exchange platform that provides a fast, secure and easy way to deal with bitcoin in England. CryptoMate is using traditional bank accounts within the UK. However, the exchange is planning to have a big update in the works that will allow them to work with several other foreigner financial institutions to be able to accept customers from all around the world. The exchange works much like any other exchange and customers who have not verified their identity are limited to a total of 250 in purchases. Once this amount is reached, customers will be required to prove their identity before they can make further orders. This can be a clear picture or scan of a personal driver license or passport. The bank account that customers provide must correspond to the name provided on their identification or their account can be frozen or even closed. Customers who have their identity verified are given a 1,000 daily purchase limit. The exchange has implemented all this compliance features just to follow with AML & KYC regulations within the UK, as an attempt to protect against any kind of identity theft or fraud by having full right to report to the appropriate authorities. CryptoMate aims to deliver a fast and reliable service for British customers. The startup delivers the customers funds within one hour of the order being placed and payment being confirmed. Thanks to Faster Payments, customers will be able to buy or sell Bitcoin in no time using just an online banking account to make the purchase. CryptoMate does not store any payment or customer personal information on its servers. Customers make their payments through their online banking service, not through a Continue reading >>

The Future Of Crypto Exchanges And The Race To Become As Decentralized As Possible

The Future Of Crypto Exchanges And The Race To Become As Decentralized As Possible

The Future of Crypto Exchanges and the Race to Become as Decentralized as Possible Cointelegraph spoke to William Thomas, the founder of the UKs recently launched CryptoMate exchange, who explained why decentralized, peer-to-peer (P2P) exchanges could be the future Cointelegraph spoke to William Thomas, the founder of the UKs recently launched CryptoMate exchange, who explained why decentralized, peer-to-peer (P2P) exchanges could be the future. CryptoMate is a recently launched cryptocurrency exchange that sells coins directly to customers via instant bank transfer within the UK.Moving forward, however, the company believes that switching to a peer-to-peer model will allow them to offer a much faster and pleasant buying experience to customers. Due to banks taking an unfriendly approach to doing business with crypto companies in the UK, CryptoMate believes that switching to a P2P system will allow it to have a bit more control over their future and ensure that it does not have a single point of failure, as is currently the case with many exchanges. Using our network of trusted bitcoin and altcoin vendors and having them compete to fulfill customer orders, we allow for smoother and most importantly faster transactions, said CryptoMate founder William Thomas to Cointelegraph. Customers in the UK with access to online banking can have their coins in their wallets in just a few minutes. The company will not hold any fiat or private keys to crypto coins on its servers, as customers will be able to buy directly from its vendors instead of from CryptoMate the company. Unless the banks change their approach soon, British [bitcoin] buyers and sellers will move towards peer-to-peer platforms. Cointelegraph: With so many crypto startups and exchanges, in particular, why did you Continue reading >>

Cryptomate - Crowdfunding

Cryptomate - Crowdfunding

UK's most advanced peer-to-peer cryptocurrency marketplace is going global We are looking for partners to launch Cryptomate services around the world. We are looking for $20,000 (USD) for a 20% stake in Coinbro.com - If you'd like to open a P2P marketplace exchange in the US click here . We are looking for $10,000 (USD) for a 20% stake in Coinbuddy.ca - If you'd like to open a P2P marketplace exchange in Canada click here . We are looking for $10,000 (USD) for a 20% stake in Cryptoaus.com - If you'd like to open a P2P marketplace exchange in Australia click here . We are looking for $10,000 (USD) for a 20% stake in Coinami.fr - If you'd like to open a P2P marketplace exchange in France click here . We are looking for $10,000 (USD) for a 20% stake in Kryptomate.de - If you'd like to open a P2P marketplace exchange in Germany click here . We are looking for $10,000 (USD) for a 20% stake in Cryptomaat.com - If you'd like to open a P2P marketplace exchange in Netherlands click here . We are looking for $10,000 (USD) for a 20% stake in Cryptoamico.com - If you'd like to open a P2P marketplace exchange in Italy click here . We are looking for $10,000 (USD) for a 20% stake in Cryptoamigo.com - If you'd like to open a P2P marketplace exchange in Spain click here . We are looking for $10,000 (USD) for a 20% stake in Kryptobrat.com - If you'd like to open a P2P marketplace exchange in Poland click here . Get in touch and we will try and work something out. Cryptomate was started by a group of Cryptocurrency traders in late 2014 who came together to create the most advanced P2P exchange possible. Now we're looking to expand our very unique service around the globe and make buying and selling Cryptocurrency easy. Truly P2P - We run no coin wallets or even have a bank account Over Continue reading >>

How To Buy A Bitcoin If You Live In The Uk

How To Buy A Bitcoin If You Live In The Uk

How To Buy A Bitcoin If You Live In The UK It has not always been easy to purchase Bitcoins if you live in the UK, thanks to the strict rules and regulations surrounding the trading of cryptocurrency; but, the good news is that it has become easier than it once was. You have probably read about the advantages of trading Bitcoin, namely they speed at which you can send payments between countries and continents; however, in the UK, one of the main problems that we face is that traditional banking systems have not always caught up to this, which in turn, makes them very reluctant to service the Bitcoin companies. Like we said, it has got easier, as several UK exchanges have been launched in the past few years, which has allowed Brits to purchase Bitcoins, without having to send their money to a European bank, which is how many got around it before. The main problem we face in the UK when it comes to purchasing Bitcoins is the British banks. They are so reluctant to service Bitcoin companies, which means that many companies are having to bank elsewhere in the UK; like we briefly mentioned above. Because of this, the buyer will often face lengthy delays in receiving their Bitcoins, not to mention the higher fees that they face for the international transfers. Often, you will have to wait between two to five days for your funds to arrive, which is not the speedy payments that you have heard about at all. The good news is though that the British government is slowly working to make the UK a cryptocurrency friendly environment. That said, many are debating whether a UK exchange that provides SEPA bank transfer actually offers many advantages, other than the fact that you can deposit in GBP. Regardless of this though, many new banking partnerships are being formed slowly, that Continue reading >>

Cryptomate Reviews | Read Customer Service Reviews Of Cryptomate.co.uk | 4 Of 18

Cryptomate Reviews | Read Customer Service Reviews Of Cryptomate.co.uk | 4 Of 18

After 2 weeks of trying to set up various accounts and buy some Ripple I decided to take the plunge and use Cryptomate to fund my online wallet so I could avoid nasty exchange rates, bank fees and the complexity of using different cryptocurrencyexchanges. I made 3 orders totalling around 1500 pounds and each order was in my wallet within 2 hours of being placed. You pay a little more per coin than the market value doing it this way but is very straight forward and like I said you avoid many other fees. Thank you Cryptomate. I went to buy ETH worth 50 on their page. The quote was a bit over 0.049 ETH Then I was placed in waiting mode to wait for a vendor. 5 min later a vendor had been found and I was invited to complete the transaction via bank payment. Payment was made and the transaction was completed. To my surprise, I have only been sold 0.0109 ETH !!!!!!!!! In the background they have changed the ETH price! This was not highlighted to me at any point. No confirmation was sought from me eithr. The only way to describe this is as an arrogant Scam! Contacted their support and waiting for initial response now. After contacting the support, I have had my money refunded today (2 days after). They started working on the case within hours of my first contact. I have been told that this is due to a momentary problem with their pricing. I will consider using their service again. Easy to do, good communication, but a little slow. Managed to get a vendor pretty quickly, placed the order, had a confirmation from Cryptomate. Did not receive anything after 2 hrs, so I emailed Cryptomate - they did respond and investigated. A day went by and still nothing. Emailed again, and then after another reply, I eventually received the coins the next day. I'm fairly new to this, but what wa Continue reading >>

Cryptomate - Frequently Asked Questions

Cryptomate - Frequently Asked Questions

Frequently asked questions about Cryptomate Cryptomate is an easy to use platform that allows British users to purchase cryptocurrency via instant bank transfer. The service was launched to help bridge the gap between GBP and cryptocurrency exchange within the UK and to make the most popular digital currencies available to almost anyone with online banking. We currently only accept UK online bank transfers. We chose this method of payment as it is completely secure, instant and simple to use. Thanks to Faster Payments, our bank transfers are near instant - meaning you can purchase in real-time. All fees are incorporated into the price. You will receive exactly the amount you see on the order form. We sell at a variable percentage above market rate to cover our operating costs and to allow our vendors to make a profit. The trade-off for this is ease of use and the speed of the service - we're not the cheapest, but we try to be the best! How long does it take for my coins to arrive? We always aim for your coins to be in your wallet within two hours of you placing your order, but it could be as little as 15 minutes. As all our transactions are processed manually by our trusted vendors for security purposes, this only holds true during operating hours; you can see when our service is online at the top of the page. My cryptocurrency has not arrived, what should I do? If you coins have not arrived within 2 hours you should contact customer support using the email address [email protected] and include the order reference code in your email. No, you can only buy from Cryptomate. To sell you'll need to use another service. Your wallet address (or public key) is generated by your wallet. You can either download a wallet or use one from an exchange. A wallet is used to sto Continue reading >>

Cryptomate.co.uk Unresponsive

Cryptomate.co.uk Unresponsive

Discussion in ' Exchanges ' started by methusaleh , May 6, 2016 . Has anyone had problems with this site? On Saturday morning (utc) I bought 5.8 dash from them and they had no trouble taking my money.. but I'm still waiting on my dash. I'd used this site before without any trouble maybe 10 times and iits always worked ok but I've emailed, tweeted and used their on-line contact box a ton of times since and all messages are undelivered. I pulled their director records at Companies House and emailed the owner, manager and director and still nothing. I mean it's not a fortune (27) but what the hell at least respond to me when you scam me! Any suggestions on where to go next really gratefully received??! Dash Core TeamFoundation MemberMasternode Owner/OperatorModerator Has anyone had problems with this site? On Saturday morning (utc) I bought 5.8 dash from them and they had no trouble taking my money.. but I'm still waiting on my dash. I'd used this site before without any trouble maybe 10 times and iits always worked ok but I've emailed, tweeted and used their on-line contact box a ton of times since and all messages are undelivered. I pulled their director records at Companies House and emailed the owner, manager and director and still nothing. I mean it's not a fortune (27) but what the hell at least respond to me when you scam me! Any suggestions on where to go next really gratefully received??! i have no contacts there and do not know them to be honest ! i will reach out to them direct and see what is up i have no contacts there and do not know them to be honest ! i will reach out to them direct and see what is up You will? Hey thanks for any help or suggestions you're able to provide! Btw do you ever sleep? Seems that you live here - which I'm really grateful for righ Continue reading >>

Cryptomate Added The Gbp/xlm Pair To Their Offer

Cryptomate Added The Gbp/xlm Pair To Their Offer

Cryptomate Added the GBP/XLM Pair to Their Offer British residents can now buy Stellar Lumens (XLM) with fiat currency on cryptomate.co.uk The cryptocurrency exchange has, in fact, added the option that makes much easier for users to buy digital coins, such as Ethereum, Bitcoin, Ripple Litecoin and Bitcoin Cash. Customers will be able to buy any currency with a bank transfer. Cryptomate was launched with one purpose in mind: to make buying and selling cryptocurrency as simple as possible for people who want a pain-free experience and the fastest transactions. As long as youre a British resident with access to online banking (and Faster Payments), you can have your coins in your wallet within just 5 minutes after placing your order. We have a wide selection of only the most established and popular coins, such asBitcoin,Litecoin,Ripple,Ethereumand more. Simply choose the cryptocurrency you want to buy, enter your email address and crypto wallet details, and make your payment through online banking. Once your order has been paid you will receive your coins in your wallet, typically within 15 minutes. Cryptomate puts a strong focus on security. Nothing is more important to us than keeping our customers safe and secure while using our service. Using our peer-to-peer Trusted Vendor system means that we do not store any cryptocoins or customers money. We use SSL for point-to-point encrypted communications, and store all customer information in a secure database. We aim to deliver your coins within one hour of your order being placed and payment being confirmed. Thanks toFaster Payments, you are now able to purchase in no time using just your online banking account to purchase. We do not store any payment information on our servers. You make your payments through your online b Continue reading >>

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