As a fellow Brit I use Netagio, they are an exchange based in the UK, and their main business is converting GBP to BTC (or gold bars!).
Their order book is a bit empty and you will need to validate your address / bank account. But they do make getting BTC a lot easier if you have British bank account.
Interesting. I'd come across them before and been turned off by their FAQ. Specifically the mention of "To prevent fraudulent activity and to protect ourselves as well as our customers, we impose a withdrawal wait time on the money that you deposit in your account", paired with the detail page that lists a delay of 3+ weeks if you want to withdraw 100% of your balance.
Seemed kinda sketchy to be imposing long waits like that. How has your experience been with them?
Also...
Lenders like will not go under 0.04% for a given day, under any circumstances.
First I thought I wasn't going to go under 0.05% under any circumstances. Then I thought I wasn't going to go under 0.04% under any circumstances. That's already turned out to not be true so I'm just hoping supply/demand doesn't push us down to 0.03% because it's become apparent that no-one's going to
really draw a line in the sand (or if not 'no-one', then not enough people).
0.04% per day means 14.60% a year, and without fees 12.41%
Any normal decent business would give you a yield from 12% up to let's say 22% in a given year.
What Bitfinex (still) makes attractive is that except for throwing an eye onto balances let's say once awhile - there is no work associated with, especially if you have autorenew option turned on.
IF we're going under that - let's say 0.03% - that's 10.95% annual (yearly), or without fees 9.31%.
In this case, some other options come to play.... But Bitfinex is most certainly not the most attractive one.
Plus considering... Most banks and corporations are protected by law. Even if you lost something, there is a chance to (at least partially) recover something.
Bitfinex is... ...to the most extent... it's own Republic.