how to buy bitcoin

how to buy bitcoin

Since it was the first cryptocurrency ever established, Bitcoin (BTC), which debuted in 2009, blockchain technology has advanced significantly. In November 2021, BTC hit an astounding all-time high price of £55,236.00.

Despite being the most valuable cryptocurrency by market value as a result of this, Bitcoin is still a somewhat erratic commodity that may see significant price changes in a single day.

Compared to yesterday’s trading price of £22,574.97, BTC is currently trading for £23,410.94. Over the past year, Bitcoin has fallen by -24%.

Make sure you comprehend these specific hazards as well as Bitcoin’s legal, regulatory, and tax status in the UK before you purchase it.

If you’re prepared to get started, continue reading for detailed instructions and a list of websites where you may purchase Bitcoin in the UK.

4 steps to buying

how to buy bitcoin uk

All you need to purchase BTC is a smartphone or computer, an internet connection, a form of identification with a photo, and a payment method.

Compare cryptocurrency exchanges

Purchasing Bitcoin through a cryptocurrency exchange is the simplest option. Finding a platform with the qualities you desire, such as low costs, simplicity of use, or round-the-clock customer service, is made easier by comparing in the table.

Create a profile

You must confirm your email address and identity in order to register for an account on an exchange. Prepare your phone and some picture identification.

Set up a deposit

Once your identity has been confirmed, you may deposit GBP using the payment method that best fits you. Card, bank, and cryptocurrency payments are all commonly accepted.

Order Bitcoin

You may now buy Bitcoin with your money. This may be done by simply inputting the desired amount of GBP or BTC and pressing “buy” on exchanges that are user-friendly for beginners. Then, if you’d like, you may withdraw your Bitcoin to a wallet of your choosing.

Where can I get bitcoin in the UK?-Apkmirror

If you’re buying cryptocurrencies for the first time, you should opt for a site that accepts pounds, such as Binance or Revolut.

You may always register with another exchange later, so don’t worry too much about additional features or currencies right now.

Select the platform that best suits your needs using the table, then click the Go to site option to begin.

how to buy bitcoin uk?-Apkmirror

You simply need an email address or cellphone number to set up an account on your preferred cryptocurrency platform. In most cases, this will let you deposit cryptocurrency but not GBP.

You must pass a Know Your Customer (KYC) check if you wish to purchase Bitcoin using pounds.

You must upload proof of identification with a photo and, in certain circumstances, a selfie with the current date as part of the usual security procedure for the majority of exchangers in the UK.

In most circumstances, KYC is granted right away, but occasionally you might have to wait a few hours or days.

How can I purchase Bitcoin in the best way?-Apkmirror

After creating your account, you’ll need to deposit money in order to purchase bitcoin. We’ve included several common methods for purchasing Bitcoin along with some important information about each payment option.

Use a bank account to purchase bitcoin

In the UK, a lot of exchangers allow free and immediate bank transactions.

Some companies provide other choices including bank transfers and wire transfers, but make sure you first confirm whether there will be a deposit fee.

Use a debit card to buy bitcoin.

The platform will determine how you use a debit card to make purchases.

You may transfer money from your debit card to several exchangers to use anyway you like.
Others only let quick transactions made with a debit card, which frequently entails additional costs.

Purchase bitcoins using a credit card

Credit cards are a common technique for fast purchases on exchanges. However, you should exercise extreme caution when using a credit card to purchase Bitcoin because:

Bank transfers have lower costs than using credit cards.
Cryptocurrency transactions could be blocked by some card issuers.
Your selection of purchases will be more pricey and constrained.
Your credit card company may impose fees and interest in addition to losing your initial investment.

In the UK, purchasing Bitcoin using cash is uncommon but yet possible.

A few methods exist for purchasing BTC with cash:

ATMs for bitcoin. Using a customised Bitcoin ATM, you may buy BTC with cash. These are available in most UK major cities. Providing identification with a photo is still required, as is passing a Know Your Customer (KYC) check.

P2P, or peer-to-peer. Finding someone who will sell you BTC directly in return for cash may be done through a P2P platform. If you try to settle the transaction in person or without an escrow provider, be aware that there is a considerable danger of fraud. Search for a well-known and trustworthy online trading platform that offers an escrow service.

Buy Bitcoin with another cryptocurrency

Using the “swap” or “convert” feature on various sites, you may exchange any coin that you currently hold for BTC. Even if there isn’t a trading pair on the spot market, you may instantaneously exchange one cryptocurrency for another thanks to this.

How can I get Bitcoin at the lowest price?-Apkmirror

First and first, you don’t have to purchase an entire Bitcoin.

The majority of exchanges allow you to purchase up to $5 worth of BTC. Simply enter the amount you wish to spend in GBP, and the exchange will do the rest.

While some platforms only give one method of purchasing Bitcoin, others provide a variety of options. The spot market and “instant buy” features are the 2 most popular methods for purchasing Bitcoin.

Also Read: All about web 3.O in 2023-Apkmirror

Quick purchase-Apkmirror

This will be the quickest and least economical approach if you’re buying Bitcoin for the first time.

On the platform you’ve chosen, you can often locate the immediate buy area under a “Buy now” banner.

It should have a straightforward user interface that allows you to type in the quantity of pounds or Bitcoin you wish to purchase.

For credit or debit card purchases, this is typically your sole choice, but if you’ve pre-funded your account with a bank transfer, you could also be able to make an immediate purchase.

For the convenience, be ready to pay a markup on the market price of BTC.

Quick market-Apkmirror

You’re most likely trading on the spot market if you see vibrant charts with a variety of pricing.

In order to submit bids for BTC on the open market, buyers and sellers congregate on the spot market. Because it let traders to determine their own prices, it’s typically the least expensive option to purchase Bitcoin.

The spot market can be found on the website or app menu of the platform you’ve decided to utilise under a “Trade” or “Spot” title.

You can place numerous different kinds of orders on the spot market.

the market. You will be able to purchase the specified amount of Bitcoin at the best price. It resembles an immediate purchase order in this way, but with substantially cheaper expenses.
Limit the order. The most typical order type, it enables you to buy bitcoin at the price you choose. This is how traders time the market and profit from price drops or rises.

How to locate the top Bitcoin retailer in the UK

When purchasing Bitcoin in the UK, you have a wide range of trading platforms to select from. To assist you in selecting the best one, consider the following:

  • In where it is registered. It is a smart idea to use a locally registered exchange. The likelihood that it will take pounds and other local payment options like helps reduce foreign currency expenses. Selecting an exchange that is headquartered in the UK also indicates that it is probably registered with the Financial Conduct Authority (FCA), which means that it must abide by UK rules.
  • Security. Consider the platform’s security features, such as 2-factor authentication and PGP-encrypted emails. Cold storage of user money is regarded as industry norm, but less often used insurance funds are a sign of strong security procedures.
  • Fees. To learn the precise cost of your transaction, read the fine print. These could include spreads, trading fees, and deposit and withdrawal fees, depending on the platform you use.
  • limitations on transactions. Are there any restrictions on the smallest or largest quantity of Bitcoin you may buy? Does the exchange have a cap on how much money you may take out of your account in a single transaction or in a 24-hour period?
  • additional platform features. Keep an eye out for more features that meet your trading or investing needs. As an instance, several exchanges now allow you to receive yield on your holdings, and some even provide you with cryptocurrency debit cards so you may spend your coins.
  • customer service. Will it be possible for you to contact customer support promptly and simply if you ever experience an issue with a transaction? Do they have a UK headquarters? Examine the different contact options and learn how quickly the staff responds to questions.
  • fund for insurance. User money are presently insured by a small number of exchanges. If insurance is essential to you, be aware that policies differ significantly between exchanges and that you will need to conduct extensive research.
  • Reputation. Being a new industry, reputation may give a lot of information when selecting an exchange. Who, for example, are the founders? There have been any disputes, right? Are their commercial practises open and honest? It can be a warning sign if you can’t discover any of this information.
  • a variety of coins. Check to discover what more coins you can purchase through the site if you’re considering expanding your portfolio with further cryptocurrencies in the future.
  • Examine reviews. The user comments in Finder’s evaluations of cryptocurrency exchanges give you a better picture of what the exchange is like to use for other beginners like you.

How to Buy Bitcoin in the United

Buying Bitcoin online through a cryptocurrency exchange like eToro, Coinbase, or Uphold is the simplest method to invest in it in the UK. Using your smartphone, tablet, or computer to purchase and sell Bitcoin and other cryptocurrencies is simple thanks to cryptocurrency exchanges.

You have two options once you’ve bought Bitcoin:

On the one hand, you may leave your Bitcoin at the crypto exchange where you can keep an eye on its value and swap it for fiat money like GBP, USD, EUR, and other currencies or other cryptocurrencies like Ethereum, Solana, USD Coin, BNB, and XRP.

In contrast, you may transfer your Bitcoin and other cryptocurrency assets to a safe Bitcoin wallet that may be distinct from or controlled by the cryptocurrency exchange you use.

You need to grasp three fundamental ideas in order to manage your Bitcoin:

Similar to an email address, the public key may be shared with other people. You may receive Bitcoin by using your public Bitcoin key.

You shouldn’t give anyone access to your private key, which functions as a password for your bitcoin assets. A lengthy series of letters and numbers makes up a private key. It is crucial that you maintain track of and safeguard your private keys. If you misplace them, your Bitcoin is lost forever.

Bitcoin wallet: To store and manage your Bitcoin and other cryptocurrency assets, you need a wallet. Simple Bitcoin wallets are available for keeping and protecting your Bitcoin on crypto exchanges like eToro, Uphold, or Coinbase. A cryptocurrency exchange is not the same as a wallet. It is not necessary to utilise a wallet if you would rather leave your Bitcoin in a crypto exchange, even if the majority of the crypto exchanges featured on Koody have their own.

UK’s Top Bitcoin Trading

The top Bitcoin trading platforms in the UK are listed below. These are the Bitcoin wallets, applications, websites, and exchanges where UK residents may purchase Bitcoin, Ethereum, Cardano, Dogecoin, and other cryptocurrencies.

Please keep in mind that cryptocurrencies, like as Bitcoin, are highly erratic, unregulated investment vehicles without UK or EU investor protection. All of the money you invested in them might be lost. Profits from bitcoin sales may also be subject to capital gains tax.


Without the intervention of banks, payment services, or centralised governments, you may safely purchase, sell, and transfer bitcoin to anyone, anywhere in the world.

With a market capitalization of over £465 billion (at the time of writing), Bitcoin, which was introduced in 2008, is by far the biggest and most well-known cryptocurrency in the world.

Based on its current price and the quantity of the cryptocurrency in circulation, market capitalization (also known as market cap) is a statistic used to gauge a cryptocurrency’s size and level of popularity. The popularity of a cryptocurrency is inversely correlated with its market cap.

As a rare cryptocurrency, there will only ever be 21 million Bitcoin in existence. There are still about 3 million Bitcoins that can be mined, and this will happen gradually over the next 100 years. The final blocks should be mined around the year 2140.

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