Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • AG47
    • By AG47 22nd May 17, 6:39 PM
    • 540Posts
    • 137Thanks
    AG47
    Buy ethereum uk
    • #1
    • 22nd May 17, 6:39 PM
    Buy ethereum uk 22nd May 17 at 6:39 PM
    Where is the best place to buy ethereum in the uk?

    Then to get it out into an offline wallet please?
    Nothing has been fixed since 2008, it was just pushed into the future
Page 1
    • economic
    • By economic 22nd May 17, 9:41 PM
    • 1,580 Posts
    • 737 Thanks
    economic
    • #2
    • 22nd May 17, 9:41 PM
    • #2
    • 22nd May 17, 9:41 PM
    im thinking of buying too - for pure speculation.
    • AG47
    • By AG47 23rd May 17, 5:02 AM
    • 540 Posts
    • 137 Thanks
    AG47
    • #3
    • 23rd May 17, 5:02 AM
    • #3
    • 23rd May 17, 5:02 AM
    im thinking of buying too - for pure speculation.
    Originally posted by economic
    Nice big pull back right now, I'm buying here, but never trust an exchange, as soon as you buy you must get it offline into hard copy.

    https://cryptomate.co.uk/buy-ethereum/
    Nothing has been fixed since 2008, it was just pushed into the future
    • AG47
    • By AG47 23rd May 17, 3:31 PM
    • 540 Posts
    • 137 Thanks
    AG47
    • #4
    • 23rd May 17, 3:31 PM
    • #4
    • 23rd May 17, 3:31 PM
    The thing is, ethereum is not capped like bitcoin is at 21 million.

    They could just keep on creating more and more ether coins, this is the problem with fiat
    Nothing has been fixed since 2008, it was just pushed into the future
    • AG47
    • By AG47 23rd May 17, 3:32 PM
    • 540 Posts
    • 137 Thanks
    AG47
    • #5
    • 23rd May 17, 3:32 PM
    • #5
    • 23rd May 17, 3:32 PM
    Bitcon is going crazy right now, I'm not selling even after $2200, I'm holding.

    Keep some dry powder ready for any possible pullback.

    If it goes under 2k again I'm going to back up the truck
    Nothing has been fixed since 2008, it was just pushed into the future
    • AG47
    • By AG47 23rd May 17, 6:21 PM
    • 540 Posts
    • 137 Thanks
    AG47
    • #6
    • 23rd May 17, 6:21 PM
    • #6
    • 23rd May 17, 6:21 PM
    Looks like a Tulip bubble.
    Originally posted by Walbrock Research 88
    Tulips were not money, Bitcoin is money, and it's an international money there are over 7 billion people on earth and only 21 million bitcoins
    Nothing has been fixed since 2008, it was just pushed into the future
    • economic
    • By economic 23rd May 17, 6:39 PM
    • 1,580 Posts
    • 737 Thanks
    economic
    • #7
    • 23rd May 17, 6:39 PM
    • #7
    • 23rd May 17, 6:39 PM
    Tulips were not money, Bitcoin is money, and it's an international money there are over 7 billion people on earth and only 21 million bitcoins
    Originally posted by AG47
    the problem is that its not actually money in the traditional snse as it is not legal tender in 99.99999% of places.

    in japan yes they are using it more now. however other countries dont seem to be following. and there are risks of government banning it when it gets to a certain level.

    i think bitcoin is pure speculation. if they are limiting it and creating a market whereby the first to get in generally hold most of the value in bitcoin for doing nothing but speculate, it can not succeed as a currency.
    • wizk1
    • By wizk1 25th May 17, 11:33 AM
    • 859 Posts
    • 535 Thanks
    wizk1
    • #8
    • 25th May 17, 11:33 AM
    • #8
    • 25th May 17, 11:33 AM
    Nice big pull back right now, I'm buying here, but never trust an exchange, as soon as you buy you must get it offline into hard copy.

    https://cryptomate.co.uk/buy-ethereum/
    Originally posted by AG47
    What's your advice on converting it back to GBP again? This bit doesn't seem as simple
    | Student Overdraft: -£2,000 £0 | Car loan -£4,288.80 £0 |
    Cashback earned to date (Cash back credit cards, cashback sites, tarting, stoozing, etc.): £4,451.89 (As of 03/01/13)
    • Zanderman
    • By Zanderman 31st May 17, 3:30 PM
    • 1,202 Posts
    • 3,597 Thanks
    Zanderman
    • #9
    • 31st May 17, 3:30 PM
    • #9
    • 31st May 17, 3:30 PM
    The safest and easiest place to buy is Coinbase. Add www. to the referal link below and we both get £7 worth of BTC when you buy Ethereum, Bitcoin or Litecoin :-)

    [link deleted]

    This is not SPAM!!!
    Originally posted by s8nd0
    But it is a referral that should only be on the referals board. Reported.
    • paulpaul1308
    • By paulpaul1308 6th Jun 17, 7:00 PM
    • 16 Posts
    • 2 Thanks
    paulpaul1308
    Coinbase is the worst place to buy, people get hacked, there is zero support, and they have mysterious outages when people try to sell when the price is falling. Avoid!!
    • Leewistylee
    • By Leewistylee 16th Jun 17, 5:35 PM
    • 1 Posts
    • 0 Thanks
    Leewistylee
    What is the best way to buy Ethereum from the UK. which site?
    Last edited by Leewistylee; 16-06-2017 at 5:36 PM. Reason: Need information
    • Maelzoid
    • By Maelzoid 16th Jun 17, 6:41 PM
    • 12 Posts
    • 7 Thanks
    Maelzoid
    Coinbase sell Ethereum but I have had some bad experiences with them - purchases failing to go through, and their customer service is legendarily appalling. I've not lost money through them, but I wouldn't use them again.

    For Ether, I recommend getting Bitcoin and using shapeshift.com to exchange it for Ether.

    Even getting Bitcoin is not that easy at the moment. I have used Bittylicious in the past and they're reliable and offer a good service. However, I find their spreads to be quite big at the moment so not the bast VFM. I may give coinfloor a punt on my next purchase

    Yet again, when bitcoin is brought up, you soon start hearing thew words "Ponzi", "Pyramid" and "Tulips". These are usually very uninformed comments, and I recommend that for people who have not read much on crypto-currency to refrain from commenting, as it is pretty unhelpful, and you can reveal yourself to be rather foolish. After all, I don't offer any wisdom on Formula 1, a subject I know little on.
    • economic
    • By economic 16th Jun 17, 7:44 PM
    • 1,580 Posts
    • 737 Thanks
    economic
    Coinbase sell Ethereum but I have had some bad experiences with them - purchases failing to go through, and their customer service is legendarily appalling. I've not lost money through them, but I wouldn't use them again.

    For Ether, I recommend getting Bitcoin and using shapeshift.com to exchange it for Ether.

    Even getting Bitcoin is not that easy at the moment. I have used Bittylicious in the past and they're reliable and offer a good service. However, I find their spreads to be quite big at the moment so not the bast VFM. I may give coinfloor a punt on my next purchase

    Yet again, when bitcoin is brought up, you soon start hearing thew words "Ponzi", "Pyramid" and "Tulips". These are usually very uninformed comments, and I recommend that for people who have not read much on crypto-currency to refrain from commenting, as it is pretty unhelpful, and you can reveal yourself to be rather foolish. After all, I don't offer any wisdom on Formula 1, a subject I know little on.
    Originally posted by Maelzoid
    but you can not disagree that its a hugely speculative asset class. its not really a currency per se, and can only be spent in very limited areas. not sure if its a bubble but it seems more and more people are interested in buying onyl because they have seen it go up a lot - a classic symptom of a bubble.
    • realdannys
    • By realdannys 16th Jun 17, 8:03 PM
    • 13 Posts
    • 1 Thanks
    realdannys
    but you can not disagree that its a hugely speculative asset class. its not really a currency per se, and can only be spent in very limited areas. not sure if its a bubble but it seems more and more people are interested in buying onyl because they have seen it go up a lot - a classic symptom of a bubble.
    Originally posted by economic
    And what isn't a highly speculative asset class? It's not more so than penny stocks, stocks in general, stock ISA's, EIS, SEIS schemes, heck just starting any sort of business with a high initial outlay. They're all high risk. Cryptocurrency is no different.

    People who don't understand it have been foo-fooing Bit Coin for years, and yet it continues to rise and rise. There was a 2014 boom and fall where it evened out for a few years at the same rate - I bought £1000 worth last year, though I bought it to spend rather than invest, even so, I spent about £800 (lots of places online accept it) and now I still have £1400 left due to price increase.

    The more shady side is the mining part - with people selling mining rigs that virtually no one will make their money back on - especially as the Chinese have the mining side sewn up by having server centres full of GPU's to the ceiling, millions and millions of pounds worth of investment to mine the coins...which was paying off before it increased in value.

    A friend tipped his hairdresser off about ETH last week she (quite crazily mind) but her life savings into it, $46,000 - 10 days later she's got $180,000 and is paying her mortgage off. Granted I wouldn't risk that level of capital but at the end of the day, it's just high risk investing like anything else.
    • economic
    • By economic 16th Jun 17, 8:07 PM
    • 1,580 Posts
    • 737 Thanks
    economic
    And what isn't a highly speculative asset class? It's not more so than penny stocks, stocks in general, stock ISA's, EIS, SEIS schemes, heck just starting any sort of business with a high initial outlay. They're all high risk. Cryptocurrency is no different.

    People who don't understand it have been foo-fooing Bit Coin for years, and yet it continues to rise and rise. There was a 2014 boom and fall where it evened out for a few years at the same rate - I bought £1000 worth last year, though I bought it to spend rather than invest, even so, I spent about £800 (lots of places online accept it) and now I still have £1400 left due to price increase.

    The more shady side is the mining part - with people selling mining rigs that virtually no one will make their money back on - especially as the Chinese have the mining side sewn up by having server centres full of GPU's to the ceiling, millions and millions of pounds worth of investment to mine the coins...which was paying off before it increased in value.

    A friend tipped his hairdresser off about ETH last week she (quite crazily mind) but her life savings into it, $46,000 - 10 days later she's got $180,000 and is paying her mortgage off. Granted I wouldn't risk that level of capital but at the end of the day, it's just high risk investing like anything else.
    Originally posted by realdannys
    i agree to come extent what you are saying. and yes all what you mention are high risk. however there are varying degrees of risk. a share in amazon is less risky then buying any cryptocurrency.
    • Maelzoid
    • By Maelzoid 16th Jun 17, 8:23 PM
    • 12 Posts
    • 7 Thanks
    Maelzoid
    but you can not disagree that its a hugely speculative asset class. its not really a currency per se, and can only be spent in very limited areas. not sure if its a bubble but it seems more and more people are interested in buying onyl because they have seen it go up a lot - a classic symptom of a bubble.
    Originally posted by economic
    I certainly wouldn't deny this. Opportunities to spend it at the moment are quite limited and at the moment, it makes no sense to buy it if you wish to spend it - after all there is practically nowhere you can spend it that wouldn't also accept USD.

    Whether its currently in a bubble is something only time will tell. As a fundamentally new asset class, attesting a true value to it is very tricky and it may well be overvalued at the moment. However, that doesn't mean it will drop in the value in the near future. The price of it could keep rising.
    • Maelzoid
    • By Maelzoid 16th Jun 17, 8:27 PM
    • 12 Posts
    • 7 Thanks
    Maelzoid
    A friend tipped his hairdresser off about ETH last week she (quite crazily mind) but her life savings into it, $46,000 - 10 days later she's got $180,000 and is paying her mortgage off. Granted I wouldn't risk that level of capital but at the end of the day, it's just high risk investing like anything else.
    Originally posted by realdannys
    That is freaking crazy! I'm glad she did well out of it, but it so easily could have gone very wrong for her.

    My own aspirations for Crypto are to invest a modest amount I am comfortable losing if it goes wrong. My hope is that this modest fund would double in value each year. I started about 2 years ago and so far it has out-performed my expectation. I'm also very interested in the technology so its enjoyable to follow developments in the 'industry'.
    • fwor
    • By fwor 16th Jun 17, 11:00 PM
    • 5,833 Posts
    • 3,862 Thanks
    fwor
    My own aspirations for Crypto are to invest
    Originally posted by Maelzoid
    I can't understand this idea that anyone could "invest" in something that has no intrinsic value. A crypto-currency has no intrinsic value.

    Sure, you can gamble that its exchange rate against other currencies will go up rather than down - but that should never be categorised as "investing". All you are doing is looking at a past trend and extrapolating it into the future and gambling that the trend will continue.

    No doubt plenty of people have said this before, but the thing that makes it interesting to people as an "investment" is the thing that makes it useless to me as a means of paying for things - because I want to use something that I could be reasonably sure would have the same value, give or take a small amount, over a long period.

    As Economic has said, the historical rise in value of, say, Bitcoin, has all the signs of being a speculative bubble and nothing more. That's not to say that people can't/won't get rich speculating - but in the end there is likely to be as much downside as there is up - because there is no ~fundamental~ value behind it to keep the bubble "inflating".

    The idea that it should, for some underlying reason, keep doubling in value each year seems to have no rational basis.
    • Maelzoid
    • By Maelzoid 17th Jun 17, 12:13 AM
    • 12 Posts
    • 7 Thanks
    Maelzoid
    I can't understand this idea that anyone could "invest" in something that has no intrinsic value. A crypto-currency has no intrinsic value.
    Originally posted by fwor
    I disagree. Cryptocurrencies have tremendous utility. The ability to move currency across borders with relatively little expense or friction. The ability to hold currency that can be spent remotely despite not having a bank account (2 billion people in the world are unbanked). A currency that is immune to government or banking interference, that is immune to counterfeiting, a currency that cannot be seized from the holder by banks or governments, a currency that is truly international. All these things make Crypto desirable - and if its desirable, it has value.
    • fwor
    • By fwor 17th Jun 17, 12:31 AM
    • 5,833 Posts
    • 3,862 Thanks
    fwor
    I disagree. Cryptocurrencies have tremendous utility.
    Originally posted by Maelzoid
    I didn't say it did not. The one thing it ~should~ have is utility. But its utility is undermined because of its volatility.

    Whether it's desirable or not is debatable, but it has no intrinsic value. A Bitcoin is just a series of binary bits, and its value is defined by reference to other currencies.

    I still haven't seen a rational explanation why anyone would think that it (as a currency) should be destined go up in value compared to other currencies.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

782Posts Today

6,643Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See https://t.co/IQ8f0Vyetu RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin