How to Buy Bitcoin UK Guide
Want to know how to buy Bitcoin in the UK? Bitcoin is a digital currency operating independently of any central authority or government oversight. It is based on peer-to-peer software technology and cryptography.
It is open-source and is designed to be open to the public, no one owns or controls the coin, and anyone can participate. Many of Bitcoin's unique properties enable exciting uses that no previous payment system could cover.
Purchasing Bitcoin is the easiest way to invest in the rapidly growing cryptocurrency industry. The leading digital asset has established itself as a giant deflationary currency, prompting investors all over the UK to look for Bitcoin exchange platforms.
In this How to buy Bitcoin UK Guide, we explore the options.
How to buy Bitcoin UK?
You can use the exchange platform eToro to buy Bitcoin in the UK by following these quick steps:
Create an eToro account - To access the registration page, go to the eToro site and click on 'Join Now.'
Deposit Funds: Deposit a minimum of $50 (£43) into your account via bank wire transfer, credit/debit card, or e-wallet solutions.
Search the coin - Enter 'BTC' into the search bar and select the appropriate popup result.
Buy - Click' Trade' to open the purchase page. Enter the amount of coin you want to purchase and click 'Open Trade' to finish the transaction.
Where to buy Bitcoin in the UK?
If you've ever Googled 'how to buy Bitcoin UK', this may answer some of your questions. Looking for the best exchange platform in the UK with the lowest fees to purchase Bitcoin? The top exchange for buying Bitcoin in the UK are listed in this section.
- eToro - The best exchange to buy crypto eToro is a multi-asset exchange platform that enables users to invest in various stocks and cryptocurrencies. On eToro, investors can choose from over 115 cryptocurrencies, including well-known coins such as Bitcoin, Ethereum, and Litecoin. It is, without a doubt, among the best sites to purchase Bitcoin online.
Opening an account with eToro is free, and you receive a free trial account worth $100,000 to test the waters with cryptocurrency and other assets before committing to them.
In terms of trading tools, eToro offers copy trading, which allows new investors to replicate the successful trades of more professional investors. This minimizes possible losses while increasing expected returns. The low fees charged when trading Bitcoin are what truly distinguish eToro.
- Coinbase - Leading platform to buy Bitcoin UK Coinbase is a cryptocurrency trading platform that allows you to buy, sell, and earn popular crypto assets all in one place. It offers over 100 cryptocurrencies and other digital assets, including significant coins such as Bitcoin, Ethereum, and Dogecoin.
Coinbase's mainstay is its highly intuitive user interface, which makes it simple for new investors to trade cryptocurrencies. You can set up recurring trades and gradually invest in digital currencies by scheduling daily, weekly, or monthly purchases. You can also log your transactions and monitor market changes using the online app or the iOS and Android mobile applications.
The platform also provides crypto and NFT storage in a single location. Users can also earn interest when using the Coinbase Wallet. On debit card deposits, Coinbase charges a 3.99% deposit fee. Other fees are based on the size of the trade, with transactions under $10,000 attracting a 0.50% taker and a maker fee.
- Binance - Best low fees exchange platform Bitcoin is prominent in the Binance exchange's daily transaction volume. Since then, the top crypto dog has established Binance as one of the world's most elite exchange platforms.
Changpeng Zhao launched Binance in 2017, and the Bitcoin exchange has become a popular destination for investors due to the diverse range of digital assets available. The platform supports more than 500 crypto assets and charges a base fee of 0.10%. This is taken further with the Binance Coin, which reduces it to 0.025%.
Binance provides real-time price updates and several innovative services, such as margin and futures trading. The minimum deposit is $10. (about 8.7 GBP).
- Swapzone - Platform to buy Bitcoin with crypto Swapzone is a cryptocurrency exchange aggregator that works in real time. This platform streamlines the exchange process by collecting the information required to find the best exchange rate.
It is currently a one-stop solution for exchanging 500+ cryptocurrencies from 15+ exchanges.
Swapzone's operating principle is as follows: the platform receives user inquiries, obtains deals directly from its partners, sorts them by rate, speed, and rating, and allows users to make swaps through selected providers without leaving the aggregator's website. In this way, Swapzone assists users in making informed decisions when saving money and time.
Another advantage of Swapzone is that all swaps are custody-free. As a result, you will not need to register if you want to buy BTC with cryptocurrency on this platform.
Author: Priya Kumari
Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.