Having bought loads of Bitcoin back around 2012-2014 to buy all sorts on the Silk Road, and realising I'd be a millionaire many times over if I hadn't spent them on illicit substances, I decided, once I started on LB, to invest in Etherium instead.

I once exchanged 46 bitcoin for just under $500 of product..... Ouch.

Back when I started on here I was exchanging everything to ETH from the BTC, and I'm glad I did. Recently it's dropped a bit but I'm still looking at around 400% return on investment over 12 months. Nothing like what I would've had from BTC back in 2012, but slightly better ROI than BTC in 2020.

As with any crypto, it could go south at any point, but I'm holding out with my ETH for the long haul, probably until at least 2025.

As a small seller (and a tradesman classed as an essential worker)I'm lucky I don't need to rely on the income from here, so can keep it invested long term.

In my experience, best thing to do with any crypto investment is to buy it, then don't look at it until you have to. As a rule of thumb, it's only going to go up, but on a daily basis it can fluctuate so much it'll give you a heart attack if you look too often!

Who knows, hopefully my investment pays off. Only time will tell I guess.

Cheers BB

many of the same issues with btc:
skyrocketing values
slow network
high fees

this site compares the fees, eth is pretty bad, it has lots of defi transactions running on it.

That site is a find, thank you

btc direct are good with a coinomi wallet

Im an old luddite with a below average penchant for technology. I have used a few sites but i find coinbase to have generally lower fees and typically seems to send payment faster. No sending fees if shipped to another coinbase wallet also, just a small purchase fee lower in price than bitpanda amongst others.

I use Cryptopay.com very easy and straight forward with Visa card if you want with chip and pin and contactless. Although there are fees but I don't know how they compare with others. I also have a coinbase account.

dont forget to send the BTC to your desktop wallet first before spending on littlebiggy. never send direct from an exchange.

What’s the reason not to send from exchange? I have sent straight from coin corner a few times have I made a rookie mistake?

No.... most people send from their online wallet.

Probably better-using Coinbase https://www.coinbase.com

agreed. i know i use only coinbase. never had a problem.

You should have an option to choose the currency amount like £50, or have the choice to buy part of a coin I.e. 0.001 bitcoin.

I use coinbase but also have a BRD account.

I use Coinbase to buy crypto. Still searching for a cheaper option in the UK.

I am also using Coinbase but feel the fees are still too high if anyone knows of a cheaper option in the UK i think everyone would like to know. ?

crypto.com when you sign up to their card you the charge 0 fees

Coinjar is the cheapest I've seen lately.

Wish I could - still half way though filling registration in and stuck on question... Source of funds, but only gives me the options "employment" (in which case, it asks for employment info), "investment," "inheritance," and "mining."

Even asking what my job is, giving a long list to pick from with no other option available.

Try mercuryo mate easy to use

Try mercuryo mate pretty easy to use

Blockchain has already come through so I’ve placed my order. Excited now!!! Thanks for all the help!!!

Any time dog :)

I’ve bought two lots now, £50 from block chain an app on my phone and £50 from another site on my pc (someone suggested the site on here earlier) Both have said I’ve gota wait 48 hours for my payment to be verified?? They haven’t taken any money yet but I’ll give it a couple of days and see what happens.

Try mercuryo mate no wait time n easy to use

LBC is a lousy place for a noob especially with a small transaction mate. Coinbase is easy to get started then move on to something better.

There are many traders on lbc, with much lower minimums than that. It's possible to buy just a few quids worth. PM me and I can take you though it step by step if needed.

It's usually to do with network fees and the fluctuating price of btc at the time of your purchase. It's worth checking how much your underpaid by. Quite often its a very low amount like 80cents. The vendor would normally recognise this and it not been a problem. Like I said you need to check for yourself because i do that tell the vendor I'm whatever under. That's what tipjars are for :).

I always check the rates before purchasing i sent 25 dollars before fees to him which last night was just under .00044 it's 0.00047 now he had it at .0005 so slightly over payment would of occured by a few dollars

And your network fees?

Paxful adds them automatically, I’ve recently started using another one and you have to add the fee manually, caught me out had to use the tip jar lol

First time it happened with me last night with dopechef. I paid 25 dollars and just over 2 dollars for the fees on coinbase. The items where 21 dollars 4 dollars postage but somehow it's showing partially paid. He wants more money before sending. Going to see it a loss for now as he won't reply back to me absolute joke avoid incase it happens to you with the same vendor

Happened to me a few times. i use the same deposit address for seller. and just resend the difference. your partially paid order will then come up as paid. Gaz

And if you annoy the vendor for being impatient

This is the second topic you have posted being angry at me for a mistake that you made. I did not cause your payment to be underpaid. You said I won't reply but you messaged me at 5AM.. and I replied at 2PM the same day? As anyone else on this site will tell you, YOU underpaid, I literally have done nothing.

I have asked transaxe to cancel and refund your order.

I paid 25 dollars which was the amount the order was. I will screenshot off my account now and show you. No worries on the cancellation will not pay extra for nothing

I think it has something to do with the ridiculously high fees lately to transfer to a wallet

Awe man this has just happened to me and it's never happened before. Sent through btc as usual and all looked ok until I noticed on here the partially paid. It looks like the transaction fee has been subtracted from the amount the vendor is looking for instead of adding it on top.

Why? No idea, never happened before. Looks like I'm about £6 or £7 short which was the fee amount. Just waiting on vendor to get back as to how to pay the extra or they could maybe send 6g instead of 7g.

Very strange.

Just resend the difference to seller with same address. your order will come up as paid. Gaz

It's happened to me a few times with different vendors. This time it said 105 dollars went out which is the correct amount so don't know where the money is going!

I'd maybe contact whichever bitcoin site you're using as to why this is happening. I know I am.

Me too

Same. pain in da asses...
I reckons it just sucks...

Use coinbase pro, initially it's for trading but you can buy BTC and pay transaction fee of 0.5%, send your BTC to the normal coinbase account and pay your vendor. Bit more clicks to do but will save you some buck

See was thinking about doing this but whenever I transfer via bacs to coin base it just bounces back, I've check and tried everything including 3 different bank accounts. So can only buy with credit card and getting charged by bank and coinbase for both isn't ideal!

Same happened to my brother, he was trying to add funds for days but every time it would bounce back. He closed the account created a new one and in 10min he was good to go. We still don't know what was the issue

I use edge, they're quick and barbell any fees

Do you send to the vendor from edge? What are the transaction fees like if so, cheers

yep, straight to the vendor from Edge. I think I paid about £1-2 pounds for a large transaction the other day.

Try p2p websites.

Is there any specific ones you recommend?

such places like localbitcoins will have vendors buying/selling bitcoins. Few sites like that around

bittylicious dot com

Used these in the past but everytime I put how much I want to send the rate charges and adds almost a tenner onto a 70 quid order.

bittylicious has been unbearable since the BTC price rise, used to be you'd only pay a couple % extra on small amounts now it's about an extra 20%+ on anything under 100quid and it never goes down - which it used to do before the price rise! I've been trying to order an eighth for over a week but refuse to pay £12 markup! doing my head in ahaha

BTC is absolute wank.

Coinbase....!

try bittylicious m8 probably the best one tbf

Agreed, used them for years.

hi jbrootan..how you doing today mate...!!!just a quick heads up on bitcoin..I use Bittylicious virtually all the time mate..have you seen the price of them atm. £12,643.40/BTC..highest ive known them.in the 9 months ive been on here Crazy prices jbrootan .you agree???...!!!

That's great thanks. I'm struggling to open a bitcoin account coz I've only got mobile and I've got no idea how to verify I'd, so really gutted at the moment. I want to order something!!

yh gr8 mate

Coinbase, bitcoin.org and Paxful. Hope that helps. :)

i use bitcoin uk,pretty fast and cheap transfer fees

Give BitPanda a go if you’re in Europe (they’re expanding global too). BittyLicious is good for U.K. I hear but prices slightly higher. LocalBitCoin too.

A lot of ATMs in the UK use coinatmradar.com to find the closest. Online I would say coinhouse.io or bitpanda.com they both accept cards and bank transfers.

Had similar experience. Brand new to Bitcoin so just trying to wrap my head around it all. Paid £100 for BTC 0.00433226, they took £1.50 for privilege... fair enough. Then made a purchase on LB, had to pay more to vendor because there was a minimum fee, plus they took BTC 0.000552 as a fee to send. Ended up £55 down when originally expecting around $30 - $40

I agree, the fee's can be mega! I have heard about adjusting the fee you pay for transactions... Although not every wallet or exchange allows this from what I can see.

Regards, ThePotMan.

Localbitcoins, the fee is about £1.20 atm

Thanks I’ll check them out

You could try a bitcoin ATM if there's one close to you. Usually fees aren't high depending where you are and which ATM it is.

Thanks for the suggestion but according to https://coinatmradar.com/bitcoin-atm-near-me/ there aren't any remotely near me lol. However, to add to earlier suggestions, I went ahead and tried getting a PASS card as I know Bittylicious accepts these and maybe other exchanges too. I paid £15 to get a Citizen Card https://www.citizencard.com/ but I have hit a stumbling block in the process (can't think of a suitable referee). Anyway, I will give localbitcoins another bash. Love LB.... hate BC!

No worries I found some extreme difficulty in first buying bitcoin myself. Just easy for certain people I suppose

What about buying a provisional license. Think it's like £20. Save so much hassle.

I might look into that. Thanks! Edit: It's a good plan but I may not be able to on medical grounds. It's £34 for anyone interested.

Look up crypto vouchers no id needed for €45 max

I read someone else talking about them. Any recommendation for where to buy?

Crypto Voucher IO is the one I use to use

I'll give it a go. Thanks!

Looks a bit dodgy https://uk.trustpilot.com/review/cryptovoucher.io?stars=1

I’ve used it a few times it’s legit

Not heard of this before ,seems really easy to buy.what are the fees like, say if you bought a £100 pound crypto voucher?

Apart from the fees, there seems to be suggestion of requiring ID after payment is taken :/

After payment is taken? Lol there's always something.

Had the same issue Thursday... horrendous fees

Coinomi fees are generally low check the wallet out

Coinbase or blockchain man , localbitcoins.com

Coincorner is not hard to beat on price, btcbit and coinabase to name 2.

Thanks for getting back to me mate. Isn’t there an issue with coinbase and transferring directly to vendors? Should/Do you need to transfer to your own wallet first? If so, is there a wallet you recommend? Many thanks

Been using Coinbase directly since Bernie Sanders was wearing shorts.

Thanks for the reply but I think there is an issue with coinbase banning people for doing transactions directly from them. I’ve seen this mentioned a few times in the threads below.

Coinbase user, never had an issue. Did have to re-submit info recently but no worse than any other banking app.

My Coinbase account has just been restricted

I've used coinbase for ages never had any problems.

try coinomi and btc direct

Yep real pain at the moment. Put my id upload as requested and continually comes back as can’t verify, even though it’s really clear in what I’m uploading. Contacted them twice now and still no response.

Yes all day. Right Pain.
When I logged in on a desktop it prompted me to scan them a utility bill and a copy of my Id .

Still awaiting verification

Wirex.

We've always used Bittylicious- not had any major issues aside from a few long waits etc. Think its one of the best value too.

Today i bought with coinbase pro which cost 0.15p then transferred to my coinbase wallet for 1.15 then transferred to vendor for 4.30 so a little over a fiver from start to finish so buying from an exchange can save on fees.

congratulations you have found something that does not suck at coinbase. the fees go to the computer network that runs the bitcoin blockchain, they are called miners.

when btc exchange rates goes off or when their are network issues the fees go up like a sold out event.

Blockchain.com

Does blockchain still put a week long hold on btc bought from them? Stopped using it in August because of this.

Is it ok to send direct fro. Blockchain once purchased?

Yes it is. Took 3 days to touch the BTC I bought, but I’ve ordered twice successfully using blockchain.com

Is ok to send direct from bittylicious also?

I'd also like to know if its ok from bittylicious ive been using it for a while with no problems but am I gonna get in the shit eventually what is the risk of doing it this way and why would there be a problem if anyone can explain.

Electrum works for our week to week to cash flow. Its a software wallet so not as good as hardware but still far more secure than an exchange wallet.

I recommend you only keep your btc in an exchange for the shortest amount of time possible. Then keep a software wallet for spending and a hardware wallet for savings/ large amounts.

Hope this helps and this is just how we do it, I'm sure lots of people have different methods too.

Best of luck

GLD

any bitcoin wallet will work just make sure you are using btc not bch (bitcoin cash).

Awesome thanks man. Just one other thing, I was reading some people buy bitcoin and send it direct to the vendor without first putting it into a wallet. Is that a good idea? If I buy it then send it to a wallet, then make a purchase am I then paying more in transaction fees? Sorry if I'm making this sound more difficult than it is!

Absolutely Never use exchange wallets for transactions! They are not ‘real’ wallets that you own, they are ‘hot wallets’ belonging to the exchange. Generally you should always store your own crypto. Mobile and desktop wallets are perfectly fine for smaller amounts provided your device is reasonably secure. But It’s definitely worth reading up on the practicalities of bitcoin so you can transact with confidence (:

Can I ask if this has been done a few times what happens as exchange just asked to disable vpn or proxy on future purchases and said sorry can't do that. As off where I am employed use proxys? Can't disabled at all unfortunately

Yes its an extra step of security theater, doesn't do much for entropy and adds fees.

Sup biggaz. Wonder if anyone can help. Received my refund in coinbase as mentioned above and want to put in an order using that balance. However, the balance doesn't cover the order wanna make. Am I able to place an order, partially pay with the counbase balance, then pay the remainder via say bittylicious? Coinbase is shite but I ofc wanna use the unspent balance in there. Cheers.

https://littlebiggy.org/link/ZRkGQp

That’s what your looking for. Send them a chat message (including your order reference)

Legend, thank you mate

Thanks...

I find Coinplug the best.

Bitcoin....

Helpful as always, thanks

Sweet! Thanks sir/madame :)