Buy XRP direct UK only

[Guest]

https://www.cryptomonster.co.uk

 

 

Edit: I also use use Bitstamp to buy XRP.

Edited February 11, 2018 by Guest

[Yorkies]

4 hours ago, DjemDiamond said:

https://www.cryptomonster.co.uk

Have you used them mate?  are they  legit? Been using Kraken but takes ages to get a Sepa payment cleared so wouldn't mind a quick alternative thats safe and secure.

 

[Guest]

11 minutes ago, Yorkies said:

Have you used them mate?  are they  legit? Been using Kraken but takes ages to get a Sepa payment cleared so wouldn't mind a quick alternative thats safe and secure.

 

Yep, legit. Used them many times.

[syko89]

Thanks, I've never heard of these.

Beats giving coinbase my money!

[marousi]

ah, but they only accept british pounds

[RippleGambler]

£1.04 per coin when the price is 95p? That's some mark up. 

[Absolute]

I think Yorkies knows what's up . When it's all said and done, and you've been charged a trading fee, forex fee, and then hit by a withdrawel fee - it's fairly reasonable for essentially a 'Buy it now' button and no messing about. There is also a something to be said about risking your capital on Random Exchange X that could go down, lose your SEPA payment or whatever.

*High five* to @DjemDiamond

 

[Yorkies]

Sound

Yes defo don't mind paying a bit extra if I can buy now.

Thanks for posting

[hammertoe]

Ahhh cool. I’ll check them out. I’m actually building something very similar. We have a proof of concept up at:

https://www.throwastone.co.uk 

Invite only at the moment. 

We’ve been trying to do this fully all above board but alas can’t find a single UK bank that will deal with cryptocurrency businesses. Also the time to get licensed as an Electronic Money Institution is between 3 month and a year. My guess is these people are not licensed and probably running under the radar of their bank. 

Ironically, it would be far easier for me to set up a money laundering business than a legit crypto retail business!

-Matt

[Absolute]

We feel your pain Matt, I'll just leave this here

https://blog.coinspectator.com/2018/01/17/british-banks-strangle-uk-crypto-startups/

Edited January 24, 2018 by SimonM
derp

[Jannercobbler]

There's also https://cointal.com/

That you can buy XRP in GBP, I haven't personally used this service yet though.  This is a P2P site.

Shameless plug, https://cointal.com?referer=Jannercobbler

I DO NOT own, or have any Financial interest in this, it's posted only if others wish to use it. 

Edited January 24, 2018 by Jannercobbler
Edited

[RippleGambler]

Apologies for appearing critical. I suppose it is a general frustration of lack of gbp to xrp solutions. Full credit for attempting to redress the balance and hopefully in time you could make your fees more transparent rather than within the exchange rate?

Best of luck to you in any event. 

[hammertoe]

54 minutes ago, SimonM said:

We feel your pain Matt, I'll just leave this here

https://blog.coinspectator.com/2018/01/17/british-banks-strangle-uk-crypto-startups/

Yup, that pretty much echos my experience so far. Mostly get responses along the lines of ‘it does not meet our current risk profile’. With no further details or willingness to discuss. 

Santander’s response in that article was interesting as I just got a blanket ‘no’ from them. Even after I explained they had invested in the very technology I was talking about.  I might see if I can contact the article author and see if I can get a name of the person they spoke to at Santander to see if they will be more responsive.

-Matt

 

[Absolute]

14 hours ago, hammertoe said:

Yup, that pretty much echos my experience so far. Mostly get responses along the lines of ‘it does not meet our current risk profile’. With no further details or willingness to discuss. 

Santander’s response in that article was interesting as I just got a blanket ‘no’ from them. Even after I explained they had invested in the very technology I was talking about.  I might see if I can contact the article author and see if I can get a name of the person they spoke to at Santander to see if they will be more responsive.

-Matt

 

No worries @hammertoe, I thought i'd share that with you. Perhaps registering yourself as a ltd company would give you the appearance of a reputable business?

Also, for businesses to thrive in the UK, it might have been more transparent to speak to us 1:1 before placing orders through our platform that you never intend to pay for. We are an open business that want to see all in this growing market succeed. 

Oh well, i'm all for competitiveness, so good luck with your business  -  It can only be good for us all! =)

 

[hammertoe]

4 hours ago, SimonM said:

No worries @hammertoe, I thought i'd share that with you. Perhaps registering yourself as a ltd company would give you the appearance of a reputable business?

Also, for businesses to thrive in the UK, it might have been more transparent to speak to us 1:1 before placing orders through our platform that you never intend to pay for. We are an open business that want to see all in this growing market succeed. 

Oh well, i'm all for competitiveness, so good luck with your business  -  It can only be good for us all! =)

 

It is a limited company. Has been for 3 years now. That is the problem. Banks won't deal with businesses dealing with crypto. We wanted to get a business bank account to run this through, rather than just doing it with personal accounts (which is what our PoC does) as I don't think people will trust it as much.

Sorry, I didn't realise you actually are behind Cryptomonster yourself. I gave it a try today, really nice interface, I have to say. I made a payment but nothing then happened. I need to follow it up with my bank as it confirmed the payment had been made, but then it doesn't show up. I know they have blocked payments before when they think it is suspicious. I saw Cryptomonster timed the order out (despite me clicking 'payment sent') in a few hours. You might want to extend that, as FPS payments can take until the next morning if received too late.

There is plenty of room out there for competition and different businesses. Ours only deals with XRP, and is a fully automated system. There is no need to wait for sellers to be online for the transaction to be processed, as soon as the payment is made, the XRP is transferred automatically. And it tracks the current exchange rate on Bitstamp, giving you an up-to-the-second rate.

I presume you are not actually licensed with the FCA?

-Matt