How To Buy Bitcoin UK – Buy Bitcoin (BTC) Online in 2022.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
While at one point in time, buying Bitcoin (BTC) might have been a difficult process that only a handful of people could execute, nowadays, it is actually just as simple as buying any other asset out there. All you really have to do is find an excellent broker that will offer you access to competitive fees, and after you’ve made your decision, the next thing you’ll need to do is deposit funds using your credit card, debit card, or e-wallet and buy bitcoin decide how much you actually want to invest in Bitcoin.
Where to buy bitcoin? There are platforms out there that will allow you to buy Bitcoin at an affordable rate.
However, it is not common knowledge that buying Bitcoin in the UK is actually this easy, to begin with, bitcoin so today we will be looking at some of the online brokers out there who have developed the technology that allows you to purchase Bitcoin with ease. Today, you will learn everything you need to know about buying Bitcoin in the UK.
Table of Contents.
How To Buy Bitcoin – Go To UK’s #1 Broker, eToro.
Invest in a wide range of cryptocurrencies World's best trading platform for Crypto Copy over 12 million traders and investors.
No commission or hidden fees Officially regulated by FCA, CySEC, and NBRB Hedging mode available.
Trade stocks, indices, currencies, commodities, and cryptocurrencies No hidden fees or expenses Develop your financial knowledge, trading skills and investment expertise.
Invest in a wide range of cryptocurrencies No hidden fees or expenses Deposit with multiple payment methods.
User-friendly interface Competitive trading fees Does not require KYC.
How To Buy Bitcoin UK – Choose a Broker.
Before we dive too deep into buying Bitcoin in the UK, you will first need to find the perfect brokerage or exchange that will fill this requirement. You can compare the best brokers as well as exchanges out there, but for the time being, here are the top three contenders that you should consider due to the fact that they work exceptionally well within the UK.
eToro lets you invest in many cryptocurrencies You can even copy the methods of other investors and their decisions You get an eToro crypto wallet by default.
Trade CFDs on shares, indices, commodities, currencies, and cryptocurrencies Invest commission-free Take advantage of market opportunities around the world.
Trade stocks, indices, currencies, commodities, and cryptocurrencies Low fees compared to other brokers Start making money from the comfort of your own home.
Tight spreads on a wide range of assets Choose from three trading platforms that are perfect for both novice and experienced traders Trade anywhere, anytime on a platform that is designed for your convenience.
Trade the most liquid cryptocurrency pairs Offers leverage as high as x100 Find the perfect trading pair for buy bitcoin your needs.
Has one of the biggest communities out there You can withdraw the funds to your private wallet Coinbase is fully licensed by the FCA (Financial Conduct Authority)
Trade across hundreds of crypto pairs The low commission when it comes to trading at 0.1% Has the widest range of trading tools and features.
However, keep in mind that there are over 380 cryptocurrency exchanges in existence, so you are not limited here in any way. These are just the best options selected due to their feature set, low fees, and UK availability. BTC as a cryptocurrency has dominance across the entire cryptocurrency sector, and that is why it is one of the most popular options when it comes to beginner investors. In the UK, investors are just starting to get into cryptocurrencies, and bitcoin BTC is quite possibly one of the most valuable currencies they can buy.
This being the case, this guide is built with the intention of helping you buy BTC by teaching you everything you need to know. Here, we will cover which brokers are actually worth your consideration when it comes to purchasing Bitcoin, how a cryptocurrency investment actually works, what are the benefits as well as the risks, and how you can make your first purchase starting today. Let’s dive in.
How to Buy Bitcoin in the UK – A Quick Guide For 2022.
If you want to get started with buying Bitcoin in the UK right away, and do not really have the time to go throughout the entirety of the article, we understand things.
As such, by far one of our best picks when it comes to buying Bitcoin in the UK is eToro, and to get started with it all you have to do is the following:
1. Open an account.
Open an account with eToro by heading over to the official website and clicking on "Join Now" to get started.
2. Upload ID.
You will have to upload your ID and verify your identity. This can also be your passport or driver’s license.
3. Deposit funds.
You will need to deposit funds into your trading account by making a deposit through the usage of a credit card, debit card, e-wallet, or even bank transfer.
4. Buy Bitcoin.
The only thing left here for you to do is actually buy the Bitcoin, it should be under the ticker BTC in the "Trade" section, where you can place your order.
Congratulations, you have successfully learned how to buy BTC in the UK in just a matter of minutes, good luck with all of your trading endeavors.
If you’re still reading, and want to take an in-depth look at how all of this works, keep reading, as we’ll be going over everything else now.
Where to Buy Bitcoin in the UK.
1. eToro: Best Platform to Buy Bitcoin UK.
Originally launched in 2007, eToro is the ultimate recommendation when it comes to buying Bitcoin due to the fact that it has stood the test of time and has a high reputation alongside a community of over 17 million users. It operates in 100 countries, and is the perfect option for people just getting into the world of cryptocurrencies and are trying to buy Bitcoin for the very first time.
This is due to the fact that the platform has a streamlined design that simply works, and the fees are competitive when compared to the other options you have as an investor of bitcoin. You get access to 22 cryptocurrencies alongside BTC, which gives you a lot of flexibility at a point in time where you decide to shift away from BTC and try out trading other cryptocurrencies as well. The setup and account creation processes are quick, and it is fully regulated which is always an excellent sign.
Pros Cons Accepts a wide range of deposit methods such as credit cards, debit cards, e-wallets, and bank transfers. You will have fees associated with the conversion of GBP to USD when making purchases. You can copy the investment methods implemented by the most successful traders on the platform. Not a lot of variety in terms of altcoins. Access to 23 cryptocurrencies. Over 17 million users and a wide community. Commission-free cryptocurrency purchases.
67% of all retail investor accounts lose money when trading CFDs with this provider.
2. Capital.com – Trade Bitcoin CFDs with a Trusted Broker.
Capital.com is a popular online broker that offers clients access to thousands of global financial markets through CFDs and spread betting instruments.
This enables you to speculate on an asset’s increase or buy bitcoin fall without acquiring ownership of it, buy bitcoin making it the ideal platform for risk-averse investors and experienced traders alike.
Notably, Capital.com offers CFDs on shares, BNB
indices, commodities, currencies, and cryptocurrencies – so you can trade in whatever market you’re interested in.
Capital.com’s platform is easy to use and packed with features that make trading a breeze.