Bitcoin: the UK and US are clamping down on crypto trading ...

Bitcoin UK

A community dedicated to the discussion of Bitcoin based in the United Kingdom.
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Bitcoin Technology

/bitcoin is amazing and we love it but sometimes it's nice to have an area dedicated to the technical details and interesting projects of bitcoin so this exists to complement /bitcoin, Feel free to X-Post if you think your article is relevant to both /bitcoin and /bitcointechnology This subreddit is for all proposals, articles, questions and answers on bitcoin related technology DO NOT POST icos, pricing, memes, scams, etc here as they will be removed.
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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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Withdraw Bitcoin To UK Bank Account Same day cash British £

Want to sell out your btc cryptocurrency with GBP cash make private transaction to receive British £ instantly withdraw bitcoin to uk bank account transfer.
submitted by EastSouth3 to u/EastSouth3 [link] [comments]

Withdraw Bitcoin To UK Bank Account Same day cash British

There are a few choices that can be used to get cash into the ledger namelessly. So whether the security is significant or not a cryptographic money purchaser has the decision. Fundamentally, the purchaser can choose the manner in which they like the most. It is an advanced period of cash and individuals can't lie about it. At first, when the bitcoin to bank account was presented individuals consider it a mysterious thing since it has no physical face. After some time individuals understand that the full exchange is publically recorded on the blockchain record. So the security matter increments at this dimension.
submitted by WideChemical to u/WideChemical [link] [comments]

Bitcoin to UK Bank

I (like many other people) am trying to find the best way to get my BTC back into my UK Bank account.
I am currently considering: LocalBitcoin- meeting someone or transferring money- how safe is this, are there high fees?! Bitcoin ATM- also how safe is this and what is the downside? Fight the uphill battle of trying to go through an exchange e.g. CEX.io.
Any help/suggests/guidance would be super helpful!!
submitted by emmahoward1993 to Bitcoin [link] [comments]

UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin

Mode Global Holdings PLC, a London Stock Exchange-listed company, has announced plans to make a “significant purchase” of bitcoin as part of its treasury investment strategy.
https://www.coindesk.com/uk-listed-firm-mode-putting-10-of-cash-reserves-into-bitcoin?amp=1&__twitter_impression=true
submitted by zrixes to Bitcoin [link] [comments]

UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin

UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin submitted by writtey to CryptoCurrency [link] [comments]

Do all Bitcoin ATM in UK require registration to buy BTC?

Used a few machines for the last few years and it’s always been scan QR, insert cash hey presto...
Now my local machine won’t allow You to proceed without registration of Telephone, email and photo ID scan. I checked a few on coinatmradar and a few vendors responded saying this now the law in the UK.
Can anyone confirm if this indeed the case?
submitted by Jamescottish to BitcoinBeginners [link] [comments]

Institutional FOMO Crosses The Pond - First Publicly Traded Company in the UK Allocates 10% of Cash Reserves to Bitcoin (BTC)

Institutional FOMO Crosses The Pond - First Publicly Traded Company in the UK Allocates 10% of Cash Reserves to Bitcoin (BTC) submitted by HashMoose to CryptoCurrency [link] [comments]

Instacoin UK - Last Chance (up to end of Oct) to get a free £10 worth of Bitcoin (same day) for £100 Bitcoin purchase

Instacoin UK , a popular cryptocurrency exchange, are updating their referral scheme from 1st November 2020. The referral amount will be adjusted to a £5 bonus for any purchase over £50. Currently it is a £10 bonus for any purchase of £100 or over.
Instacoin UK is a website which allows you to purchase Bitcoin with your Visa / MasterCard or via a bank transfer. They have been around a while used by lots of beermoneyuk users already.
Instacoin UK are going to honor the £10 bonus scheme for any new customer signing that sign up and purchase £100 of Bitcoin or over until the end of the month. You get the free £10 worth of Bitcoin immediately after purchase! The whole process (including receiving your £100 back in your bank account) should take less than an hour.
The Process
Sign up via my referral link.
Referral link: https://instacoin.uk/ref?code=54C9787
£10 bonus
Non-refferal link: https://instacoin.uk/
No bonus

Steps:

  1. Sign up with the referral link above
  2. Verify your account (driver's licence, passport or gov issued I.D)
  3. Click buy at the top of the dashboard and select BTC, with a purchase amount of £100
  4. Enter the Bitcoin wallet address you want the money paying to.
  5. Pay using by Visa / MasterCard or bank transfer.
  6. You're done! The £100 of BTC will reach your bitcoin wallet usually within 15 minutes or so.
  7. The £10 bonus you receive in the form of a code in your email after the £100 of BTC is sent. Click the email link, enter the code, provide your wallet address again and you'll receive your £10 of BTC for free :)

Once the £110 worth of Bitcoin is in your wallet you are free to do whatever you want with it. I sent mine to my BlockFi account for savings.
You can also get an additional £10 reward for every person you refer up to the end of the month, after this it is £5! Any referral bonuses are given to you at the end of the month).
Let me know if you have any questions.

UPDATE 24.10.20: There is some confusion about the referral amount as being £5 or £10. InstaCoin UK have confirmed That is you sign up with an exsisting customers link (like mine), and complete a £100 purchase before the end of October, you will receive £10 in free Bitcoin credited to your account.
My Referral link for the free £10: https://instacoin.uk/ref?code=54C9787
UPDATE 28.10.20:
Here is a copy of the email I have just received from InstaCoin. I can verify that the mempool is super busy at the moment:

We have received a number of support tickets regarding the delay in BTC confirmations. Rather than reply to everyone individually we would like to address this issue as a whole and give a quick explanation to all our users about why this is occuring:
Sometimes, for a variety of reasons, there will be a spike in the number of BTC transactions that are waiting to be confirmed. That will cause a delay in confirmation times, and increases the price of fees required for a transaction to be included in a block. You can see the current number of unconfirmed transactions here: https://www.blockchain.com/charts/mempool-count?timespan=1week.
Transaction fees directly influence how long you will have to wait for transactions to confirm. At InstaCoin, we broadcast all our transactions with a Regular fee. This fee is covered on our side. It is usually around 0.0001 BTC or £1. Up until the last few days, there has never been an issue with confirmation times.
With a high priority fee, it is likely that transactions will get confirmed quicker by miners. Currently, we are looking at a 0.001BTC/£10 fee to push through transactions at a normal rate. As you can imagine, this is not an expense InstaCoin can cover and we also believe our users would not want to pay this fee either.
We believe the best solution is the one we are currently employing. The delays are frustrating and we feel that frustration too but the current mempool (waiting room) is unprecedented and we will return back to normal ways soon.
The important takeaway we want our users to have from this is that, from our side, the BTC is sent out instantly to your wallet and usually this would get confirmed in a short space of time. At this moment things are taking a bit longer, but the end-point is that you will 100% receive this BTC eventually.

Also remember to complete your sign up and deposist before the end of the month to be certain of getting the free £10 in Bitcoin.
My sign up link again is: https://instacoin.uk/ref?code=54C9787
Sign up code: 54C9787
If you have any questions just let me know.
submitted by TidyCompetition to beermoneyuk [link] [comments]

Easiest way to buy bitcoin in the UK?

Hi guys, kindly help me out with options for bitcoin purchase in the UK. I need something quick and easy with not a lot of stress. Thanks in advance.
submitted by EitherImportance9154 to Bitcoin [link] [comments]

Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority | Exchanges Bitcoin News

Crypto Exchange Coinbase Hands Over Customer Data to UK Tax Authority | Exchanges Bitcoin News submitted by hiimanobody to darknet [link] [comments]

How to buy Bitcoin under 18 UK?

I need to buy some BTC soon but I’m under 18 in the UK and I can’t ID verify anything about BTC yet. How do you guys recommend I go about this?
submitted by Samuel-W010 to Bitcoin [link] [comments]

I got this via coinbase when I use my account solely for buying items via bitcoin, I fund my account via my uk bank account which I then buy btc then send to the sellers address as far as Im aware there’s nothing wrong with that no? Not unless im making a gain which im not

I got this via coinbase when I use my account solely for buying items via bitcoin, I fund my account via my uk bank account which I then buy btc then send to the sellers address as far as Im aware there’s nothing wrong with that no? Not unless im making a gain which im not submitted by Terrpzz710 to CryptoCurrency [link] [comments]

What's the best way to shut down an obvious Bitcoin scam (hosted in UK and reached to me via Insta)

What's the best way to shut down an obvious Bitcoin scam (hosted in UK and reached to me via Insta)
I’m sorry, but people like this ruin the image for the community and make it difficult for legitimate trading platforms to gain approval. No to mention - could be straight up stealing as well. A stranger contacted me on Insta asking me to transfer bitcoin to this website (https://fxcryptobinarytrade.co.uk )
Even when I mentioned I was uneasy with this, this is what he responded with this (chats are below). Think about it - He must be sending the same message to those actually vulnerable (eg. seniors). My life dream has always been to end up on prorevenge. How do I f*** his sh*t up.

Was curious about his operations

After I told him, I can easily mine BTC on my own.
submitted by summerwindFS to Bitcoin [link] [comments]

UK Central Bank Governor fails to grasp bitcoin's inevitability, arguing that Central Bank Digital Currencies (CBDC's) are 'risk free'.

submitted by WaggishNickel to Bitcoin [link] [comments]

Good (iOS) app that allows you to purchase bitcoin in the UK? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Need to borrow 1k for something, don’t have many options and I am no way withdrawing my bitcoin. Thought maybe I could do one of those bitcoin loans. UK based. Any pro tips?

Are these safe?
How do they work, do they hold my coins until it’s paid off in full?
What if something happens to the loan company holding my coins? Eg 1 week before it’s paid in full and they still have all my coins or 1k equivalent of my coins..
Any input much appreciated
Thanks!
submitted by RedditUK1900 to Bitcoin [link] [comments]

BBC talks to @theSeratio Advisory Board Chair Chandler Guo “At its peak his machines were capable of mining 30% of the world's Bitcoin” (Dec 2017 marketcap $327 billion, today $199 billion) https://www.bbc.co.uk/news/business-54261382 See him discuss SER on www.seratio-coins.world #IdeologyinCode

BBC talks to @theSeratio Advisory Board Chair Chandler Guo “At its peak his machines were capable of mining 30% of the world's Bitcoin” (Dec 2017 marketcap $327 billion, today $199 billion) https://www.bbc.co.uk/news/business-54261382 See him discuss SER on www.seratio-coins.world #IdeologyinCode submitted by olingataeed to BitcoinMining [link] [comments]

Institutional FOMO Crosses The Pond - First Publicly Traded Company in the UK Allocates 10% of Cash Reserves to Bitcoin (BTC) (x-post from /r/Cryptocurrency)

Institutional FOMO Crosses The Pond - First Publicly Traded Company in the UK Allocates 10% of Cash Reserves to Bitcoin (BTC) (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Hackers Donate Bitcoin From Ransomware Attacks to UK Charities

Hackers Donate Bitcoin From Ransomware Attacks to UK Charities

Image: Unsplash
A group of hackers known as “Darkside” has surprised the world by donating a portion of the proceeds from ransomware attacks to two charities, the BBC reported Monday, adding that the group is relatively new on the scene. Darkside hackers claim to have extorted cryptocurrencies worth millions of dollars from companies.
Claiming that they now want to “make the world a better place,” the group donated 0.88 BTC, worth about $10,000, from their ransomware proceeds to two charities: The Water Project and Children International. The Water Project works to improve access to clean water in sub-Saharan Africa while Children International fights poverty and helps children in need.
The Darkside hacker gang posted the tax receipts for its 0.88 BTC donations in a blog post on the dark web on Oct. 13. The hackers claim that they only attack large, profitable companies with ransomware and would not attack hospitals, schools, governments, or charities.
Experts question the hackers’ motive. “What the criminals hope to achieve by making these donations is not at all clear,” said Brett Callow, a threat analyst at cyber-security company Emsisoft. “Perhaps it helps assuage their guilt? Or perhaps for egotistical reasons they want to be perceived as Robin Hood-like characters rather than conscienceless extortionists.” He elaborated:
"Whatever their motivations, it’s certainly a very unusual step and is, as far as I know, the first time a ransomware group has donated a portion of their profits to charity."
However, when the donation comes from crime proceeds, the law says it must be rejected. Both charities have said that they will not accept the BTC donations, but the problem is that they have no way of returning them. The hackers used a U.S.-based service called The Giving Block, which is used by 67 different non-profits worldwide, to make the donations. The company says that the money was sent through a mixer.
Philip Gradwell, Chief Economist at blockchain data analytics firm Chainalysis, commented: “If you walked into a charity shop with an anonymous mask on and donated £10,000 in cash, then asked for a taxable receipt, questions should probably be asked – and it’s no different.”
Originally published by Kevin Helms | October 21, 2020 Bitcoin.com
submitted by kjonesatjaagnet to JAAGNet [link] [comments]

Mode: The First UK-Listed Institution to Purchase Bitcoin as Part of its Treasury Investment Strategy

Mode: The First UK-Listed Institution to Purchase Bitcoin as Part of its Treasury Investment Strategy submitted by news_official to btc [link] [comments]

UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin (x-post from /r/Bitcoin)

UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin

UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin submitted by a36 to AllThingsCrypto [link] [comments]

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