Re: [ANN] profit switching auto-exchanging pool - middlecoin.com
I know this is a little off topic but whatever.
I decided this seemed like it was the best method for a UK miner (like myself). So I went to my bank today to open a Euro account and they want to charge me to have this account open and i have to have a minimum of $2000 worth of Euros in it at all times! So I told them to stick it up their arse!
Back to square one
Unless... Does anyone know if you can do a sepa transfer of Euro's directly into a GBP current account?
I decided this seemed like it was the best method for a UK miner (like myself). So I went to my bank today to open a Euro account and they want to charge me to have this account open and i have to have a minimum of $2000 worth of Euros in it at all times! So I told them to stick it up their arse!
Back to square one
Unless... Does anyone know if you can do a sepa transfer of Euro's directly into a GBP current account?
Take a look at bitstamp.net or ibwt.co.uk.
Bitstamp allow you to cash out with wire transfers to sterling accounts.
ibwt.co.uk have actually just started allowing deposits straight in to sterling accounts - https://ibwt.co.uk/files/News%20Release%2007-01-14.pdf - low volume but hopefully this encourages people to trade there with £.
Your other option is to look at hsbc for an account, they have the lowest SEPA fees (£4 I think) but I'm not sure if you have to keep a certain amount of cash in the account.
Have you considered maybe coinbase.com? If you had someone in the USA that could link their checking account (or a secondary checking account for you under their name) and have them transfer into it in USD and then just send it back to you via Paypal? The conversion costs for paypal may be not as profitable perhaps and I know coinbase may not have the highest BTC/USD conversion ratio either.