Where to buy bitcoin UK?
Buying Bitcoin in the UK is a simple process – with many cryptocurrency exchanges now accepting convenient payment methods like debit/credit cards and bank transfers.
You do, however, also need to consider whether or not your chosen exchange is regulated and what fees you will be charged when trading.
In this article, we explore how to buy Bitcoin UK by reviewing five of the best crypto exchanges of 2022.
Buy Bitcoin on eToro Now.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Coinbase – One of the Best Bitcoin Exchanges for Beginners
Coinbase is perhaps the best place to buy Bitcoin in the UK if you are a complete novice. You can access Coinbase online or via the Android/iOS mobile app – both of which offer a smooth user experience.
Once you open an account at Coinbase, you will have the option .
Buy Bitcoin on Binance.
Your capital is at risk.
4. Huobi – Top Exchange for Asset Diversity
The next option to consider when learning how to buy Bitcoin in the UK is Huobi. This platform is popular with traders that wish to access a wide spectrum of cryptocurrencies – as you will find hundreds of markets here.
Huobi is relatively cost-effective too – with commissions starting at just 0.20% per slide. Another benefit of using Huobi is that you will have access to passive investment tools. For instance, its crypto savings accounts allow you to deposit digital currencies to earn interest on your holdings. You might also consider Huobi if you wish to trade via your smartphone.
Buy Bitcoin on Huobi:
Your capital is at risk.
5. Mode – Safe UK Bitcoin Exchange App
If you’re wondering how to buy Bitcoin UK via your mobile phone – Mode is a good option. First and foremost, Mode is approved to offer Bitcoin brokerage services to UK residents, so you can invest safely.
Moreover, the Mode app – which is available on both iOS and Android devices, allows you to deposit funds via UK faster payments, which means that your money will arrive pretty much instantly. The minimum amount required at mode is £50 and fees are competitive.
With that said, Mode only allows you to buy Bitcoin – as it does not support any other cryptocurrencies. This will limit your ability to diversify your portfolio – so do bear this in mind. Nevertheless, Mode is very user-friendly, so the broker could be a good option if you are a beginner. Mode also offers top-rated customer service via live chat.
Top UK Crypto Exchanges Compared.
How to Buy Bitcoin UK? – Tutorial
If you’re wondering how to buy Bitcoin in the UK right now, the walkthrough below will explain the required steps at top FCA broker eToro.
Step 1: Open an Account
First, visit the eToro website. Click the ‘Join Now’ button and enter your personal information when prompted.
Step 2: KYC
The next step is to complete the KYC process by uploading proof of address and ID.
Step 3: Deposit Funds
You can fund your account with at least $10 via a UK debit/credit card, e-wallet (Paypal, Skrill, Neteller), or a local bank transfer.
Step 4: Search for Bitcoin
In the search bar, enter ‘BTC’.
