Whenever BTC crashes localbitcoin site in uk hardly has any competition. The sellers all keep btc at $400 above the actual btc price. I advise to convert current btc value in $ to £ in order to see how they are. Shame there are no real alternatives in uk =-(
How liable is a seller that was unknowingly paid using stolen funds?
I sold some of my Bitcoins on LocalBitcoins UK to an account that appears now to have paid using stolen funds from a hacked bank account. I checked that the buyer was ID-verified with LocalBitcoins and released the Bitcoins to the buyer. I find now that my bank account is frozen. I am awaiting further information from the bank but want to understand the legal position here. My understanding is that bank insurance is for cases of shortcomings in bank account security, and that it is appropriate for the owner of the hacked bank account to be reimbursed by their bank's insurance. The bank can then pursue the person who stole the funds. I cannot see how a seller can be expected to distinguish legitimate from stolen money because money is fungible. Why should I be at a loss for deficiencies in a bank's security? I would welcome guidance and thoughts on this. If a thief uses stolen money to purchase items in various shops, for example, can an institution demand repayment from those various shops? How about if the owner of one of those shops spends the money elsewhere? Can an institution demand that money also? Where does the buck stop?
[EU-UK] [H] Jelly Key + The Eye Key Artisans [W] Paypal, Bitcoin, Local Cash
Hey everyone, I am trying to sell some of my artisan caps as I am trying to buy a house and unfortunately, that costs a lot of money. All prices are negotiable, especially row C as they are my least favourite. I am more than happy to make a deal for people buying multiple caps. Not FCFS, I will give priority to people buying multiple or who live closer to me. Prices include paypal fees and shipping to the UK; I am happy to ship internationally if buyer is willing to pay postage. Feel free to ask any questions about any of the caps! Timestamp: https://imgur.com/gallery/BQiIfsg
Jelly Key Ethereal Reign (Spring) - Complete with box and tag
Jelly Key Mediterranean Beach Resort (Marble Two Story House) - Box but no tag
Jelly Key Mediterranean Beach Resort (Marble One Story House) - Box but not tag
Jelly Key Frozen Realms (Glacier, Cherry Profile) - Complete with box and tag
Jelly Key Frozen Realms (Glacier, SA Row 1) - Complete with box and tag
The Eye Key Hoan Kiem Lake (Original Colour Way) - Complete with box
Jelly Key Raindance Temple - Box but no tag
Jelly Key Christmas Treat (Blue and White) - Box but no tag
Jelly Key Retro TV Series - Universality (Beige Interstellar) - Complete with box and tag
Jelly Key Retro TV Series - Universality (Grey Milky Way) - Complete with box and tag)
Jelly Key Retro TV Series - Universality (Light Blue Galaxy Telly) - Complete with box and tag
Response from my local Member of Parliament regarding his stance on Bitcoin and the lack of advice available (UK)
"Thank you again for writing to me about the significantly growing market of Bitcoin and Cryptocurrencies. As you say, the ease at which Bitcoin can be used is staggering and i understand your concerns about engaging with it. The problem with having a worldwide Cryptocurrency is that it does not have any government or bank to regulate it - although for some people this is seen as a positive. All transactions are recorded on computers but there are no systems in place that take responsibility for ensuring Bitcoin is only used legally. The lack of a physical regulator for Bitcoin makes it a frighteningly useful method for money laundering and buying products on the dark web. People remain anonymous so it is difficult to see who is making payments. According to Europol £3-4 Billion of criminal money is being laundered in Europe Alone (someone watched BBC's doc the other day!). As I understand it, any profits and losses surrounding Bitcoin and Cryptocurrenies are subject to Capital Games Tax (CGT). Charges on profits and allowances on losses are looked at on a case by case basis with individual circumstances and the goods or services being purchased taken into account. For instance, if you are buying a small item it is unlikely that you will have to pay CGT, but if you were buying a house you are likely to be. This is not, however, comprehensive advice and I would recommend that you look at advice available online for further information on this. Please note that much of the advice online is not formal and may not always be accurate. The Government is currently negotiating amendments to the European Anti-Money Laundering Directive so that virtual currencies can be included in their risk checks. This will extend to terrorism financing, and will provide transparency in Bitcoin Exchanges. This could be a vital step to ensuring users are safe and secure when venturing into Bitcoin. I have tabled Parliamentary Questions regarding the process of these negotiations and whether the Government plans to produce advice for those who are interesting in using and working with it, although it is not normal practice for governments to give investment advice. I will let you know when I receive a response to these questions. Caution is still adviced but Bitcoin is something Parliament is taking increasingly seriously and I will look out for any developments on the Governments approach in this area. I hope you find this information helpful." Steve Mccabe, Labour MP for Birmingham, Selly Oak.
Please Read : If you are buying food vouchers from me, i will be giving you an extra account for with points. Using that extra account i want you guys to order food and donate that to homeless people or people living on streets around your area. Covid is affecting these people a lot. This would help them survive these difficult times. Also if you are not buying the rewards but you travel often and you find homeless people on street, please let me know and i will give you reward points and you can order food and donate that to those people. Thank you!
Why Buy From Us?
We sell all kinds of products - Streaming | VPN | Food | Newspapers | Educational etc
We Sell Personal Streaming Accounts also where you can change email and password. Please check out our listing below for personal accounts available
New customers who are not sure about the service : Get the accounts first and then pay! We also accept Paypal Goods and Services!
We are online 24/7! for support on both reddit and discord!
Cheapest Prices on Reddit! If you find someone who has very good reviews and prices cheaper than ours then we will match that price!
Discord Server With Over 1700 Customers [DISCORD SERVER INVITE - PM ME FOR THE DISCORD SERVER INVITE]
Special Prices for Resellers! (As low as $0.1 per account!)
1 YEAR WARRANTY : This means that if your account stops working within an year of the purchase, i will provide you a replacement for that account.
Streaming Services (1 Year Warranty)
Hulu No Commercials
Hulu No Commercials Live TV
Hulu With Commercials Live TV
Hulu No Commercials HBO
Hulu No Commercials Showtime
Hulu No Commercials Cinemax
Hulu No Commercials Starz
Hulu No Commercials With HBO+SHOWTIME+CINEMAX+STARZ
Hulu No Commercials Live TV With HBO+SHOWTIME+CINEMAX+STARZ
Hbo, Showtime, Cinemax and Starz Bundle
CBS All Access No Commercials
HBO MAX Shared
HBO MAX Personal (Can Change Email/Pass)
Sling Orange Plus Blue
Sling O+B Total TV Deal (Includes Sports extra, Comedy extra, Lifestyle Extra, Hollywood extra, News Extra, Heartland Extra, Kids extra) + Showtime + Starz
Sling With Other Addons (International, Spanish etc)
Dis+ Personal (Can Change Email/Pass)
ESPN+ Personal (Can Change Email/Pass)
ESPN+ Dis+ Personal Bundle(Can Change Email/Pass)
NFL Sunday Ticket Max (has Redzone)
NBA League Pass
UFC Fight Pass
Tidal HIFI Shared
Tidal HIFI Personal (Can Change Email/Pass)
VPN (1 Year Warranty)
Digital Newspapers (1 Year Warranty)
New York Times
The Times UK
Wall Street Journal
Educational And Others (1 Year Warranty)
Masterclass All Access
FOOD REWARD POINTS
BWW REWARDS (Advisable To Redeem Within 24 Hours || Please Read Update On Top Of The Post) 750 - 1500 Points $0.5 1500 - 2000 Points $1 2000 - 2500 Points $2.5 2500 - 3000 Points $3 3000 - 3500 Points $3.5 3500 - 4000 Points $4 4000 - 4500 Points $4.5 4500 - 5000 Points $5 5000 - 5500 Points $5.5 5500 - 6000 Points $$6 6000 - 6500 Points $6.5 More points available
Local Restaurants Gift Cards - Kung Fu Tea, Melt Shop, Honeygrow etc
For the full restaurant list please PM me
Paypal (FnF or GnS Your Choice)
Cash App (10% discount)
Bitcoins (10 % discount)
Chase Quickpay (Zelle Pay) (10 % discount)
Discord Username- Dimitri#7750
Discord Server Invite With Over 1700 Customers - PM ME FOR THE DISCORD SERVER INVITE
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
The peer-to-peer Local Bitcoin Cash marketplace with no KYC. Buy and sell Bitcoin Cash (BCH) with anyone — anonymously. Seller Payment method Price / BTC Limits; BTCBQT (3000+; 100%) Transfers with specific bank: ZELLE BOFA ⚡ ENGLISH / ESPAÑOL / 10,690.85 USD 10 - 400 USD Seller Payment method Price / BTC Limits; dineroenlineayoutube (100+; 100%) Payoneer 8,377.69 GBP 50 - 237 GBP The local Bitcoin partner you can trust. We have been helping Britain buy Bitcoin since 2016. Our worldwide network includes bitcoin.com.au, bitcoin.ca and more. Bitcoin UK makes it easy to buy digital currencies by providing a number of different payment methods which are convenient to you. Each payment method may have different limits, fees and availability which you can check on this page. Regardless of the payment method your digital currency order will be processed as soon as possible.
How to but and sell on localbitcoins is something i felt my followers needed. We all need access to our crypto currency, however with Wavecrest breaking Visa... https://localbitcoins.com Buying bitcoins online with cash, bank transfer, cash deposit and various other payment methods. LocalBitcoins is a website where y... https://coinatmradar.com Bitcoin Lottery: www.lottoland.co.uk/raf-invite/bnI6OTUzMDY3OCxpbnZpdGF0aW9uSWQ6LHR5cGU6RElSRUNUX0xJTks= If you want to join my tele... Get your FREE Wirex account here: https://wirexapp.com/r/moocharoo Once you are signed into to your verified wirex account you'll be able to buy all the bitc... Subscribe to my bitcoin channel - https://calcur.tech/subscribe-curryncy Updated video - https://www.youtube.com/watch?v=n5Q-A5BVw98 Join Coinbase and earn $...