It’s not as easy as it seems to buy and sell bitcoin, but the online exchange Pexchange is now offering a service to those in London who want to buy the virtual currency.
The service, which is still in its early days, will allow users to exchange GBP, Euro and US dollars for bitcoin at its website in London, in what it says is the first UK-based bitcoin exchange.
The exchange has partnered with London-based exchange Bitfinex to make the service available to users in the capital.
Pexchange said the service will initially be available to people who are in the UK but it will expand to other markets in the coming weeks.
The platform, which started trading in October last year, will be able to convert GBP into bitcoin as soon as it has a new exchange partner, the exchange said.
Users will need to enter their bank details and will need a credit or debit card to deposit funds into the platform.
The company said users will need at least a credit/debit card to convert the virtual currencies.
“We will start accepting Bitcoin in the near future and will offer a credit-card-free service as well,” Pexview said in a statement.
Pexview’s website currently allows users to buy Bitcoin at the exchange rate of £1,999 and the currency is worth more than £500. “
Our partnership with BitfineX will help us provide customers with the fastest and most convenient exchange for BTC in London.”
Pexview’s website currently allows users to buy Bitcoin at the exchange rate of £1,999 and the currency is worth more than £500.
The site said that it was not yet able to set up an exchange account but would soon be able do so.
It said it would also be able provide free trading on the exchange and to offer trading on its website for bitcoin, the currency’s primary use.
However, the service is likely to be an expansion of Pexchanges current offering of bitcoin, which has allowed users to trade the virtual coins for real money.
Bitfinex has launched a bitcoin exchange in Hong Kong, but Pexex said the company was not currently in the market for a new Hong Kong exchange partner.
Bitcoin price rises as bitcoin ETFs go publicThe bitcoin ETF launched by the Bitcoin Investment Trust (BATS) on Monday will become the second-biggest bitcoin exchange after Mt Gox, with an estimated value of more than $US1bn.
It has more than 40 million users and a market cap of more of $US17bn.