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Cheapest, Easiest Exchange/Service For GBP

Discussion in 'Exchanges' started by Acedian, Apr 28, 2017.

  1. Acedian

    Acedian Member

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    I am in the UK. Does anyone know of a service that is cheap and easy to use when exchanging GBP to Dash?

    If so, please give total fee charged and any other relevant information.
     
  2. Acedian

    Acedian Member

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    So, does that mean nothing exists that doesn't cost you 5%+?
     
  3. GrandMasterDash

    GrandMasterDash Well-known Member
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    Kraken
     
  4. Tallyho

    Tallyho Member

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    Kraken doesn't do GBP to Dash, only GBP - BTC - Dash and their GBP fees are pretty high.

    I'd like a good solution to this too @Acedian, GBP seems to get forgotten. I had to buy some Dash with GBP just yesterday and, after working out the rate if I bought BTC from Localbitcoins then transferred to Poloniex to exchange for Dash, I decided there was very little cost advantage over just buying through Bittylicious, paying over the odds and getting the coins instantly.

    I would love to have a way to exchange GBP to Dash and vice-versa at market rates.
     
  5. 7dhdaQhZ

    7dhdaQhZ New Member

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    I've used:

    GBP-> Coinfloor for BTC
    BTC-> Kraken or Poloniex for Dash

    Works quite well
     
  6. Tallyho

    Tallyho Member

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    There is a real problem here that needs to be addressed. The whole Brexit debacle is the perfect opportunity to win adoption from people in the UK who are worried about the future of the Pound Sterling, yet it's a nightmare to buy dash in GBP! I love Bittylicious but it's always at least £5 per dash above market price. I've tried Coinfloor this morning, which looks a little bit cheaper but they want to confirm my address by sending a code to me IN THE POST! Since international mail takes at least a fortnight to reach me that scuppers my plans somewhat. I'm told that Wall of Coins has lots of sellers in the UK but right now none of them are advertising. Although Kraken is now my go-to exchange for euros, their fees are high when it comes to GBP but they don't even have a GBP/DASH pair.

    Today I have bought Bitcoin on Localbitcoins and then exchanged it for Dash on Poloniex, but I've still ended up paying well above the market price and this is just too complicated for new recruits to Dash to deal with. Brexit is happening, GBP > Dash and vice versa is more necessary every day, and I just feel it's a market that has been completely overlooked.
     
  7. Thomas Head-Rapson

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    +1
    looking to make a transfer GBP to EUR via crpto and have not yet found a satisfactory solution
     
  8. Thomas Head-Rapson

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    Also looking to start trading on an exchange.
     
  9. Syntheist

    Syntheist Active Member

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    Running into the same issue, I'm looking to make a proposal and I need to buy 5 Dash.

    Currently I cannot find a competitive exchange, they all seem to charge a massive premium, about £7.50 per Dash.
     
  10. Thomas Head-Rapson

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    Its a problem with all Cryptos and GBP.
    That means there is a market for a supplier/local merchant at reasonable rates. Anyone want to set one up with me?
     
  11. Chr1sG

    Chr1sG New Member

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    Hi Thomas, If you're serious about a DASH-GBP exchange, I'm interested. How do you wanna take it from here?
     
  12. Thomas Head-Rapson

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    Well, first I want to make it clear that while I am a big fan of Dash, I would also look at such a project as an investment opportunity and, as such, would certainly want to include at least bitcoin, ETH and ETC, XMR, XRP, and probably others. Which would be a direct exchange with GBP (and maybe other fiat) is another question.
     
  13. Chr1sG

    Chr1sG New Member

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    Yeah, well I was thinking of something akin to localbitcoins but covering a greater range of cryptocoins. Multiple fiats to choose from and multiple coins.
     
  14. Thomas Head-Rapson

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    Having said that, the low hanging fruit seems to be GBP to Crypto.
    So, a good place to start and expand out from, maybe.
     
  15. Chr1sG

    Chr1sG New Member

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  16. Syntheist

    Syntheist Active Member

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    I think the main thing that is missing is a true exchange with market making and taking, the current uk 'exchanges' don't list bids and asks in a meaningful way so price discovery is inefficient at best.
     
  17. liberalcoins

    liberalcoins New Member

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    liberalcoins is now up and online and works just as localbitcoins, I would suggest you should try it out :)
     
  18. GrandMasterDash

    GrandMasterDash Well-known Member
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    I don't get it.. I haven't seen Kraken charging big premiums for GBP-DASH... and I don't have to go through BTC
     
  19. Syntheist

    Syntheist Active Member

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    It depends on the size of the transaction, certainly the £60 fee to withdraw in GBP is an issue for me.

    Although the £10 to deposit isn't that bad the other way.

    Just wish we had those SEPA fees - free deposit and €0.09 withdrawal.
     
  20. Acedian

    Acedian Member

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    Is a UK deposit to Kraken a local or international transaction?
     
  21. Syntheist

    Syntheist Active Member

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    Don't know yet, I've been waiting on level 3 verification for 3 weeks.
    Almost certainly will be international, none of the UK based exchanges even have UK bank accounts.
    Which reminds me, if that is the case then my bank will charge me £22 to send on top of the £10 fee from the exchange.
     
  22. Acedian

    Acedian Member

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    Why are there now exchanges with a UK bank account?!
     
    #22 Acedian, May 22, 2017
    Last edited: May 22, 2017
  23. GrandMasterDash

    GrandMasterDash Well-known Member
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    Verification shouldn't take 3 weeks.. just a day or two.. certainly within a week. Try prompting them, sounds like you've somehow fell through the cracks.

    UK payments go through SEPA, your bank shouldn't be charging you 22 pound! It's like 9 pence or something.
     
  24. Syntheist

    Syntheist Active Member

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    They do, the issue is that if I use euro my bank charges me 3% on exchange rate plus £10 what-are-you-going-to-do-about-it fee. If I send GBP to a foreign account its straight £22.

    I'm with RBS, maybe they are just rubbish.
     
  25. GrandMasterDash

    GrandMasterDash Well-known Member
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    Yes, maybe look around to see what other banks are charging.
     
  26. geoffreycelen

    geoffreycelen Member

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  27. Valhalla

    Valhalla New Member

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    it makes sense
     
  28. moonshiner

    moonshiner New Member

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    i used the website cryptomate to buy my DASH with £GBP, was a mark up on it but kinda expect that, buy the dip and works out good :)
     

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