BeyondCC Review (2021)

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BeyondCC Review (2021)
  • Ease of Use
  • Beginner Friendly
  • Payment Options
  • Speed
  • Fees
3.6

Summary

BeyondCC is a UK-based company which has decent Bitcoin (BTC) rates, which are less than 2% above the real exchange rate. Once you’re verified, you can buy Bitcoin (BTC) with a UK bank transfer (via the Faster Payments Service) quickly and easily. However, there are numerous alternatives in the UK which are cheaper and have made it quicker and easier to buy Bitcoin (BTC) with GBP.

BeyondCC has paused buying and selling of cryptocurrencies, as well as any deposits onto their website. This is due to FCA regulation recently at the start of 2021.

Check out my list of the best ways to buy Bitcoin (BTC) in the UK for alternatives you could explore.

BeyondCC has burst into the UK Bitcoin (BTC) marketplace and is offering decent rates (about 2% above the real market rate) when you buy Bitcoin (BTC) with a UK bank transfer.

But what is BeyondCC? Are they legit? And how do they compare to similar alternatives in the UK?

Read this quick BeyondCC review and find out.

Advantages & Disadvantages

Advantages

  • Fast and convenient (takes about 5 minutes).
  • UK-based.
  • Quick verification (takes about 1 hour).
  • Very competitive rates (usually <2%).
  • Buy as little or as much (>£100k) as you like.
  • Reputable Localbitcoins brokers (Account 1 & Account 2).
  • 4.6* Trustpilot Rating (450+ reviews).

Disadvantages

What Is BeyondCC?

BeyondCC is a UK-based company which was established in March 2018, with registered offices in Reading. The registered directors are Danny Aston and Mark Butler.

They claim to be “Europe’s biggest brokerage specialising in cryptocurrencies” and their mission is to make buying and selling Bitcoin (BTC) as simple and effortless as possible.

According to their site:

  • The people behind BeyondCC have traded cryptocurrency since 2015.
  • They’ve served over 250,000 customers.
  • They’ve facilitated over £150 million worth of transactions.
  • They process hundreds of trades a day.

They currently have a 4.6* Trustpilot rating (450+ reviews).

I reached out to BeyondCC to authenticate an existing account on Localbitcoins too. Danny was happy to oblige and verified ownership of this account.

(Click to expand)

How does BeyondCC work?

When you buy Bitcoin (BTC) from BeyondCC, you’ll be buying directly from BeyondCC.

BeyondCC is a group of brokers who work across all the major OTC sites in the UK (e.g. Localbitcoins and Bittylicious). With BeyondCC, they’re essentially looking to cut out the middleman and deal directly with customers.

These platforms take a fee of about 1% from sellers. By cutting them out, BeyondCC is able to offer better Bitcoin (BTC) rates (i.e. closer to the actual exchange rate) than their competition while still turning over a profit.

Payment Methods

BeyondCC only accepts UK bank transfers via Faster Payments Service (FPS).

This means that you can buy Bitcoin (BTC) and get access to it very quickly. This is because a UK bank transfer (via FPS) is executed within about 10 minutes (usually within a minute).

How to Buy Bitcoin with BeyondCC

Registration is simple.

Although you’ll need to submit identity verification documents, they’ll usually confirm your identity in less than an hour during normal working hours.

Once that faff is sorted, you can buy Bitcoin (BTC) with a UK bank transfer and have it in your wallet in less than 15 minutes.

Interested in the details? Expand the sections below.

(You can enlarge all images by clicking on them)

Register

Signing up is quick and easy.

Verification

Before you can use BeyondCC, you’ll need to verify your identity. This is done to:

  1. Prevent fraud.
  2. Comply with KYC (know-your-customer) regulations.

You’ll need to provide:

  • Selfie holding your driving license/passport and debit card (linked to the account you’re intending to use on BeyondCC).
  • Picture of ID and a note, confirming you’re not a money launderer.
  • Proof of address.

Once I’d submitted these, I was approved within an hour.

Buying Bitcoin (BTC)
  • Select ‘Buy’ (located in the top right of their website).

  • Input the amount (in £ or BTC) which you want to buy.
  • The BTC-to-GBP exchange rate (that they’re using) is clearly shown.
  • Happy? Click ‘Next’.

  • The next page confirms the details.
  • Still happy? Click ‘Confirm Transaction’.

  • The next page shows the payment details.
  • You’ll have 30 minutes to complete the payment.
  • Load up your online banking and input everything. Make sure to include and check the payment reference. If this is wrong, you’ll face issues/delays.
  •  Paid? Click ‘Payment has been sent’.
  • You’ll be taken back to the dashboard.
  • Status will show as ‘Payment Marked as Paid’ while you wait for BeyondCC to confirm the payment.

  • You’ll receive an email once the payment is confirmed. Your Bitcoin (BTC) will now be in your BeyondCC wallet. Mine took less than 5 minutes to confirm.
Withdrawing Bitcoin
  • Go to your dashboard and click ‘Withdraw Funds’.

  • Input how much you’d like to withdraw, your external wallet address, and your 2FA code.
  • Wallet withdrawals are free (unless fees go crazy again).
  • Happy? Click ‘Next’.

  • This page confirms the withdrawal details.
  • Happy? Confirm it!
  • Now just wait for this to be processed.
    • Mine took less than 5 minutes to process.

Fees

Screenshot from BittyBot (25/06/18)

BeyondCC offers decent Bitcoin (BTC) rates in the UK.

Since being added to BittyBot on 21st June 2018, they’ve been competitive with sellers on Localbitcoins, Solidi, and Bittylicious. Although their rates do fluctuate, they tend to be about 2% above the real BTC-to-GBP exchange rate.

When I tested BeyondCC for the first time in 2018, their rates were about 0.88% above the real BTC-to-GBP exchange rate. It’s a little disappointing that they’re slowing become more expensive to use.

Conclusion: Buy Bitcoin (BTC) with a UK Bank Transfer

BeyondCC is a decent way to buy Bitcoin (BTC) with a bank transfer in the UK (approx. 2% markup) – which is run by reputable and well-known cryptocurrency brokers in the UK.

Once you’ve verified your identity (which took about 1 hour for me), you’ll be able to buy and sell Bitcoin (BTC) with UK bank transfers in under 10 minutes. You can’t really beat how quick and easy this is.

They have comparable rates to places like Bittylicious and Solidi, but BeyondCC is not the absolute cheapest ways of buying Bitcoin (BTC) in the UK.

Check out this post to learn how you can buy Bitcoin (BTC) as cheaply as possible in the UK.

BeyondCC also doesn’t support debit or credit card purchases. If you’re looking to buy Bitcoin (BTC) with a debit or credit card, then you head straight over to my Crypto.com review. They’re currently one of the cheapest ways to buy Bitcoin (BTC) with a credit card or debit card in the UK.

Want to explore BeyondCC? Check out their website.

BeyondCC Website

Other Notes

How did you verify their Localbitcoins account?

Nothing complicated. This was the process:

  • Opened a trade on Localbitcoins with this account.
  • Emailed BeyondCC letting them I’d opened a trade (and my username).
  • Waited for a reply on Localbitcoins from them.
  • They copied my most recent email into Localbitcoins chat.

Want proof? Get in touch.

How do I calculate the % markup?
  • Go to Coindesk’s price calculator. Click ‘USD’ and change that to the GBP/EUR. Copy that value (1).
  • On BeyondCC (or elsewhere), copy the quoted price (2).
  • Plug numbers (1) and (2) into something like this. It’ll tell you the % difference.

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