Britcoin

Britcoin is the first UK exchange offering GBP support.

Traders upload funds (GBP or BTC) to the site and then place orders to buy and sell. Britcoin acts as an escrow handling the fees. The site charges no fees until the end of April.

Funds are credited after trading immediately to accounts wherein they can be withdrawn off-site.

The source code and artwork is freely available under the GPL3.

Trading

Buying

A buy order is executed partially or in full when the price bid can be matched against a sell order that is at or below the bid amount.

Selling

A sell order is executed partially or in full when the price asked can be matched against a buy order that is at or above the ask amount.

Dark Pool

No support for dark pools exist.

Fees

Free until the end of April.

Adding Funds

BTC

There are no fees incurred when when transferring bitcoins for deposit. Funds are available once confirmed (6 confirms), a process that can take roughly an hour.

GBP bank deposit

The exchange is charges no fees for a direct bank deposit. Details are available on site and the user will need to quote a reference code from their account. No fees.

Withdrawing Funds

BTC

Bitcoins may be withdrawn at no charge.

GBP bank deposit

Enter your bank details on the withdraw screen and the money should be credited to your account within 5 days.

API

Currently the Britcoin API is undergoing initial development to provide support for trading bots and spiders.

History

The service was opened on March 26, 2011. Intersango, the open source software that the exchange runs on, was announced on March 17, 2011.

See Also

• Buying bitcoins
• Selling bitcoins

External Links

• Britcoin UK exchange website
• Intersango exchange project on Gitorious]