How to Buy Bitcoin and Crypto in United Kingdom
What we Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
Here’s a step-by-step guide on how to buy Bitcoin and other cryptocurrencies in the United Kingdom:
Choose a cryptocurrency exchange: There are several cryptocurrency exchanges operating in the United Kingdom. Some of the most popular ones include Binance UK, Coinbase, and Kraken. Choose an exchange that suits your needs and sign up for an account.
Verify your identity: Most exchanges require users to verify their identity by providing government-issued ID and proof of address. This process usually takes a few minutes to complete.
Fund your account: Once your account is verified, you can fund it with GBP or other supported currencies using a bank transfer, credit/debit card, or other payment methods.
Buy Bitcoin or other cryptocurrencies: After your account is funded, you can buy Bitcoin or other cryptocurrencies by placing an order on the exchange. You can choose to buy at the current market price or set a limit order at a specific price.
Store your cryptocurrencies: After buying Bitcoin or other cryptocurrencies, it’s important to store them securely. Most exchanges offer digital wallets to store your digital assets. However, it’s recommended to transfer your cryptocurrencies to a hardware wallet, such as a Ledger or Trezor, for maximum security.
Sell or trade your cryptocurrencies: If you decide to sell your cryptocurrencies, you can do so by placing a sell order on the exchange. You can also trade your cryptocurrencies for other digital assets or fiat currencies.
Remember, it’s important to do your own research and choose a reputable cryptocurrency exchange that has good security measures and a strong reputation in the industry. Also, always remember to keep your private keys secure and never share them with anyone.
Most popular crypto exchanges
Buy Bitcoin and Crypto through Coinbase
- Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”
Buy Bitcoin and Crypto through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through Bitfinex
- Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands.Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships.Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.