Litecoin is starting get a lot of heads turning in the UK recently, however many people are finding it hard to buy litecoins with a UK bank account without paying extortionate fees. Well good news people, we have a new way for you to buy them, in the UK, with low fees and instant transfer.
Welcome to the site BitBargain. Here you can transact with rated buyers and be able to get your coins in as little as 5-10 minutes. When you buy Litecoins they are put into escrow when you start a trade, only leaving you to pay and for the seller to confirm. Aside from the multitude of payment methods like UKash, BitInstant, Neteller, NoChex and OKPay; you can also pay straight from your bank with either faster payments bank transfer or Barclays PingIt.
Can I trust the seller?
Of course there is a lot of trust that needs to be put into the seller, however BitBargain does ensure an up to date ratings system is kept. Aside from their own proprietary BitRating, a seller will be listed with the OTC service. OTC or ‘Over The Counter’ is a ratings system that is used by many people to verify a person based on their trades on a variety of sites and products. Using these two things a buyer can evaluate themselves as to how much trust should be given.
Much like an Ebay feedback rating, you can pick your seller based on their past performance, not just down to price or availability.
What is price based on?
The prices are all set by the sellers, this ensures a healthy competitive market. At the moment considering the prices on foreign exchanges and the difficulty of getting your funds in, BitBargain seems quite a steal. You can also trade Bitcoins, and if it takes your fancy you can also sell various coins at prices that make you happy.
BitBargain.co.uk also has a vibrant comunity of members on a live chat, available through the info section. Here you can chat away and socialise, or just get to know your seller before you trade. We found it an ideal place to scope out history of members and also haggle for better bulk deals. The site has an innovative text feature keeping you up to date on trades, but most of all the smart escrow system pleased us most.
Get to know the guys there, BitBargain could be a good steal for you with cheap prices.