BC Bitcoin Review
Ease of Use
BC Bitcoin is a UK-based cryptocurrency brokerage who has great customer service, is easily contactable, and will process orders for any cryptocurrency you’re after.
For purchases less than £100,000, you’ll normally pay 5% in fees when buying cryptocurrency on BC Bitcoin using a UK bank transfer.
However, register using the link below and you’ll get an exclusive discounted rate of 2% when buying Bitcoin (BTC) with a UK bank transfer on BC Bitcoin.
In this BC Bitcoin review, I’ll cover everything you need to know about this service.
Pros & Cons
- Supports loads of cryptocurrencies.
- Transparent and upfront fees (no hidden costs).
- Makes it simple and easy to buy and sell Bitcoin (BTC).
- Support automatic recurring payments.
- Friendly and professional customer service (5* Trustpilot rating).
- Easily contactable (even via WhatsApp).
- High minimum order value (£250).
- They’re not a 24/7 service (Mon-Sun, 8 AM – 11 PM).
- Don’t support privacy coins like Monero (XMR).
What is BC Bitcoin?
BC Bitcoin is a UK-based cryptocurrency brokerage which was established in October 2017.
It’s listed under J&M Trading Limited on Companies House (1138596), with Jamie Green and Mark Lemon listed as the directors. Their team is made up of veteran traders and investors.
They offer standard services like other cryptocurrency brokers, where they’ll buy and sell various coins. However, they advertise themselves as bespoke brokerage service who will customise their service to suit each individual customer.
They have more than 9000 users and its trading volume is growing month-on-month.
Here’s what they said (in full) when I asked them what made BC Bitcoin unique (I’ve bolded the main points).
Our service can be tailored to the clients specific needs and instruction, this gives them a lot of flexibility.
We are easily contactable and our customer support is unrivalled.
We have never turned a customer away or failed to assist them with any technical difficulties. I have even personally visited clients to assist them at no charge. Purely to help more people to engage with Cryptocurrency and resolve technical difficulties such as token migrations, wallet maintenance or upgrades, etc. (we really do care).
We are transparent with our fees. You will never receive any additional costs as we will bear all costs associated with transactions. Exchange rate, trading fees, withdrawal fees, etc. Once we receive a payment we look across the best exchanges, markets, and liquidity to fill the order at the best price on the customers behalf.
Our team is made up of veteran trades and investors. We deliver significant savings and value to the customer in service and trade execution.
All information is transparently communicated via our transaction reports.
They currently have a 4.9 Trustpilot rating (more than 350 reviews).
I found lots of praise for their professional customer service and how easy they’ve made the buying/selling process.
When I looked at some of the cryptocurrency platforms with the best customer service in the UK, they came out of it looking good (e.g. response time of under 2 minutes via live chat).
How’s It Work?
The buying process for a completely new customer would take about 30 – 40 minutes.
BC Bitcoin supports many popular cryptocurrencies (including Bitcoin, Ethereum, Litecoin, and Ripple) on its website. Even if a specific coin isn’t listed, I’ve been told that they will support and process orders for any cryptocurrency that’s requested.
CTRL-F to check if a cryptocurrency is supported on their website.
- Bitcoin (BTC)
- Ripple (XRP)
- Ethereum (ETH)
- Bitcoin SV (BSV)
- Bitcoin Cash (BCH)
- Stellar (XLM)
- EOS (EOS)
- Litecoin (LTC)
- Tether (USDT)
- Cardano (ADA)
- Tron (TRX)
- IOTA (MIOTA)
- Binance Coin (BNB)
- NEM (XEM)
- Ethereum Classic (ETC)
- NEO (NEO)
- Tezos (XTZ)
- Bitcoin Gold (BTG)
- VeChain (VET)
- Ontology (ONT)
- Maker (MKR)
- Omisego (OMG)
- Dogecoin (DOGE)
- Qtum (QTUM)
- 0x (ZRX)
- Decred (DCR)
- Basic Attention Token (BAT)
- Lisk (LSK)
- TrueUSD (TUSD)
- Bitshares (BTS)
- USD Coin (USDC)
- Aeternity (AE)
- Bitcoin Diamond (BCD)
- Nano (NANO)
- Zilliqa (ZIL)
- Paxos Standard Token (PAX)
- Digibyte (DGB)
- Icon (ICX)
- Siacoin (SC)
- Chainlink (LINK)
- Steem (STEEM)
- Bytom (BTM)
- Pundi x (NPXS)
- Waves (WAVES)
- Populous (PPT)
- Augur (REP)
- Golem (GNT)
- MaidSafeCoin (MAID)
- Holo (HOT)
- Komodo (KMD)
- Electroneum (ETN)
- Stratis (STRAT)
- Status (SNT)
- IOST (IOST)
- WAX (WAXP)
- Decentraland (MANA)
- Monacoin (MONA)
- Huobi Token (HT)
- Waltonchain (WTC)
- Factom (FCT)
- Ardor (ARDR)
- GXChain (GCX)
- Wanchain (WAN)
- Aion (AION)
- Ravencoin (RVN)
- Horizen (ZEN)
- Reddcoin (RDD)
- Theta Token (THETA)
- Ark (ARK)
- Loopring (LRC)
- Groestlcoin (GRS)
- Vertcoin (VTC)
- Nebilo (NEBL)
- Monetary Unit (MUE)
- Obyte (GBYTE)
- Bnktothefuture (BFT)
- Loki (LOKI)
- Numerai (NMR)
- Enjin Coin (ENJ)
BC Bitcoin’s services are available to residents in the UK, EU, and loads of other countries.
However, like any other cryptocurrency broker, they can’t work with any country that’s currently on US or EU sanction lists.
BC Bitcoin explicitly specifies that they can’t serve residents in the following countries:
- Bosnia & Herzegovina
- North Korea
- Sri Lanka
- Trinidad & Tobago
- United States
If you register with BC Bitcoin using this link, you’ll get exclusive discounted fees.
If you don’t register through one of the links in this BC Bitcoin Review, you’ll pay higher fees.
Fees are dependent on how much cryptocurrency you’re buying or selling.
The buy and sell minimum is £250 – which is higher than most other places I’ve checked.
These are the fees you’ll be charged if you buy cryptocurrencies on BC Bitcoin using a UK bank transfer.
|Cryptocurrency||Exclusive QP Fees||Normal Fees|
If you buy more than £5000 worth of cryptocurrency in a single order, you’ll normally be charged a lower fee of 4%.
If you buy any cryptocurrency using a debit or credit card on BC Bitcoin, then you’ll be charged higher fees.
- 7% fees if buying Bitcoin (BTC) with a credit or debit card.
- 8% fees if buying any other cryptocurrency with a credit or debit card.
There are some cheaper places where you can buy Bitcoin (BTC) in the UK.
However, this exclusive rate is competitive with many other popular places where you can buy Bitcoin (BTC) with a UK bank transfer.
Their fee schedule is transparent too (i.e., they’re not hiding any fees within their exchange rate). They’ll always execute the trade at the best possible market price they’re able to get.
You’ll normally be charged between about 5 – 7% when selling Bitcoin (BTC) and other cryptocurrencies to BC Bitcoin. These fees are included in the exchange rate that you’re quoted.
If you register using one of the links in this review, then you’ll be quoted a slightly better exchange rate (about 1% higher).
This is more expensive than some popular alternatives, but it can work out much more straightforward.
If you’re an experienced trader or institution looking to make a large buy/sell, then you’ll want to check out their OTC desk.
It’s appropriate for purchases/sales which are worth more than 25 BTC. You’ll usually get lower rates than shown above.
BC Bitcoin accepts the following payment methods:
- UK Bank Transfer
- SEPA Bank Transfer
- Debit & Credit Cards
According to their website, they will (on request) consider supporting other payment methods on a case-by-case basis.
Their default payment method for UK residents is a UK bank transfer (with Faster Payments). This allows payments to be received quickly (usually within 1-2 minutes) by BC Bitcoin. You’ll also pay the lowest fees on BC Bitcoin if you use a UK bank transfer.
Don’t want to use a UK bank transfer?
In addition to buying and selling cryptocurrency, BC Bitcoin offers the following services:
- Cold Storage Solutions: Store your cryptocurrencies with BC Bitcoin (charges 0.5% entry/exit fee and 0.75% annual management fee). This isn’t insured, but assets in their possession are guaranteed by the directors.
- Recurring Purchases: You can setup an automatic regular purchase of any combination of cryptocurrencies with a standing order or direct debit (min. £100).
- Merchant Services: Lets businesses accept Bitcoin (BTC) payments from their customers (min. £500 spend, with a 2% fee).
- Consists of several offline wallets and devices which aren’t held on their premises.
- Held within regulated financial instructions (e.g. safety deposit boxes at banks).
- To access these funds, a director must go to the secure premises and complete:
- ID check.
- Bio-metric security check.
- Key card and PIN check.
- Consistently re-assess the possibility of insuring assets, but do currently guarantee assets in their possession (in the event of breach/loss).
- Prefer to educate customers about safely storing their own cryptocurrencies.
Summary: Best Bespoke Cryptocurrency Broker?
I was impressed by the sheer number of cryptocurrencies which you could buy and sell on BC Bitcoin with a GBP bank transfer. Given that many cryptocurrencies don’t have fiat on-ramps (i.e. you can’t buy it with GBP), BC Bitcoin has made it simple and convenient to buy and sell them.
With our exclusive discount, it’s a competitive place to buy Bitcoin (BTC) with a UK bank transfer (2% fees). This is only slightly higher than some of the best places to buy Bitcoin (BTC) in the UK – including CoinJar, Luno, and Solidi.
However, you’ll pay 3% in fees if you buy any other cryptocurrency. This isn’t as great, but it will sometimes be the best rate available for less popular cryptocurrencies.
When I was putting together my post about how to buy Dogecoin (DOGE) in the UK, I found that – with the exclusive discounts their offering to our readers – BC Bitcoin was one of the cheapest cryptocurrency brokers where you could buy it.
|BC Bitcoin||UK Bank Transfer||3%||BC Bitcoin Review|
|Bittylicious||UK Bank Transfer||7%||Bittylicious Review|
|Cryptomate||UK Bank Transfer||10%||Cryptomate Review|
As always, there’s a tradeoff between fees and customer service.
With options like BC Bitcoin, you have a real person you can talk to – but you’ll pay a premium for that support. Cheaper routes don’t include this level of customer service.BC Bitcoin Website
What Do You Think?
Thanks for checking out this BC Bitcoin review!
Have a question about BC Bitcoin?
Let me know in the comments below!