The places in Bristol you can buy Bitcoin with cash
They are like portals to the murky world of the anonymous currency of the dark web
- Nineteen:01, three JUL 2017
It is the anonymous virtual currency that most of us who only use the internet to book holidays and share pictures of cats know precious little about.
But there are three places – we think – in Bristol that you can buy Bitcoin, the online money which is prompt moving from the dark web into the light.
Bitcoin hit the headlines last week when a 30-year-old from Bristol was charged with fraud and money-laundering offences, including Bitcoin theft.
Ryan Kennedy has been charged with allegedly stealing £1 million worth of Bitcoin and spending them on a luxury lifestyle.
Bitcoin has no physical notes or coins and is a currency used by people online to trade and buy things. It’s favoured by people who choose to do their business online without being lightly traced – you can hold Bitcoin in anonymous accounts without any reference to bank accounts, credit cards and names and addresses in the real world.
But there are places where the real physical world of hard money can interact with Bitcoin, portals if you like, inbetween the real world of money and the virtual world. And the three in Bristol are not exactly where you would expect to find them.
And there are four places – bona fide businesses that normally trade in real pound coins and notes that at least say they will accept payment in bitcoin.
Three places you can buy bitcoin:
1 Best Supermarket, Stokes Croft
The convenience store is already fairly legendary in Stokes Croft and Bristol as a entire – it has the breakdancing Jesus on the side of its building, for a begin.
Inwards the shop is a petite grey terminal where people can feed money in and convert it to bitcoin in the virtual world.
Proprietor Majid Khan said the machine was installed a year ago, and is good for business – not least because of the 6.Two per cent commission.
“It’s crazy, people come in here all the time,” he told Rebecca Ratcliffe, from The Guardian, recently. “We get all sorts, they travel from all over, from Bath, Bristol.”
“It’s underground, illegal stuff,” he says with a smirk. “I ask people what they are going to do with it and they just shrug and say, you know… They like the fact that it’s anonymous, that it’s not managed by the government. One day a fellow came in and I spotted him put £Two,000 cash into the machine.”
Two Fades barbers in Filton
The barbershop in Filton Road had its machine installed a duo of months ago. One holder said it was ‘mostly guys in suits’ coming in to buy bitcoin as an investment. Unlike the Best Supermarket, Fades’ machine permits people to buy and sell bitcoin.
According to the latest going rate of exchange, the Fades machine is selling bitcoin at £Two,172.Legitimate for one bitcoin and buying them back for £1,870.70.
Three McColls, Bishport Avenue, Hartcliffe
According to the internet’s guides to buying Bitcoin, there is a third portal into the virtual world of online currency in Bristol – in Hartcliffe.
The otherwise unassuming McColls convenience store has, according to many a Google search, a Cardtronic ATM inwards that people can put money into and buy bitcoins.
“I’ve got no idea, I’m afraid,” said a member of staff when the Post inquired. “We have got a cash machine in the shop, yes, but I’ve never used it. It charges you. I can’t say I’ve ever seen anyone put money into it.”