How to Buy Bitcoin in the UK

You can invest in cryptocurrency by purchasing it on a crypto exchange. These online platforms offer a variety of deposit methods like bank account transfers and debit cards, and can support various cryptos and tokens. The most beginner-friendly options are Coinbase and eToro. Both have a user base of over 130,000,000 people and allow users to purchase cryptocurrencies using a range of deposit methods. Most exchanges also feature built-in wallets, although you should always withdraw your assets to a personal cold wallet for optimal security.URL :theinvestorscentre.co.uk

Cryptocurrency investments are considered high-risk, speculative investments, and you may lose your entire investment. In addition, you may be required to pay taxes on any profits you make from these investments. For more information, read HMRC’s guidance on cryptocurrencies.

The Ultimate Guide to Buying Bitcoin in the UK for 2024

In the UK, you can buy Bitcoin through several cryptocurrency brokers and exchanges. Each one offers different fees, security, and payment methods. The best option for you will depend on your preferences and available funds. For example, if you have a Revolut account, you can use its built-in exchange to purchase cryptos, and the platform has an extensive list of payment options and a reputation for user-friendliness.

You can also purchase crypto in the UK through peer-to-peer (P2P) exchanges, which let you buy directly from another person. These platforms usually require you to verify your identity before allowing you to sell or buy, and they protect you from scams by holding your cryptocurrency in a secure wallet that only you have access to. You can also buy cryptocurrency at crypto ATMs, which are similar to regular cash machines and can be found in many cities.