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Funds are credited after trading immediately to accounts wherein the can be withdrawn off-site.
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 transferring bitcoins to a Mt. Gox account. 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Bitcoins may be withdrawn at no charge.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 no API exists. Support for trading bots and spiders will be added at a later unspecified date.
See Also
External Links
- Britcoin UK exchange website