How to Buy Bitcoin in UK

When it buy Bitcoin in UK the process is more complicated than it might appear. Regulatory considerations, secure storage options and crypto exchanges/brokers all play important roles when it comes to buying and selling crypto. In addition to understanding all the associated risks, investors also need to decide if they want to use their own wallet for storage or use an exchange.

The first step is to choose a cryptocurrency trading platform. There are many to choose from, with the most popular being eToro and Coinbase. Once the account is funded (via a bank transfer, debit or credit card), you can then purchase the cryptocurrencies of your choice from the marketplace. Most exchanges allow you to place market orders to buy at current prices or limit orders to buy at a specific price.

How to Choose a Secure Crypto Wallet in the UK

Once the coins are bought, it’s a good idea to move them out of the exchange to a dedicated cryptocurrency wallet, for instance, Coinbase Wallet or eToro Money Wallet. This way, you’ll reduce the risk of losing your investment as your wallet is encrypted and stored off-exchange. Alternatively, you can choose to leave your coins on the exchange for ease of access and trading, but this is a bigger risk as exchanges are often hacker targets.