9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (2022)

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  • Popular Exchanges to Buy Crypto & Bitcoin in the UK

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (1)

    Bitpanda

    BUY NOW at Bitpanda's Secure Site

    Fees

    0.1% - 0.15%

    Account Minimum

    $25

    Promotion

    Earn €10

    • Crypto exchange based in Europe
    • Buy bitcoin with card, SEPA, SOFORT
    • Trusted exchange
  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (2)

    Bitstamp

    BUY NOW at Bitstamp's Secure Site

    Fees

    0 - 0.5%

    Account Minimum

    None

    Promotion

    None

    • Crypto exchange based in Europe
    • One of the oldest and most trusted exchanges
    • Low fees + buy instantly
  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (3)

    CoinJar

    BUY NOW at CoinJar's Secure Site

    Fees

    1% - 2%

    Account Minimum

    $5

    Promotion

    500 CoinJar Points

    • iOS & Android apps that let you trade
    • Fast bank transfers
    • Crypto exchange established in 2013

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

Cryptoassets are highly volatile. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Pros

  • Offers unique copy trading feature
  • Trusted exchange that has been active in traditional finance
  • Interface is clean and easy to use

Cons

  • You cannot deposit cryptocurrency, but you can deposit with other payment methods

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (5)

Ease of Use

Easy

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (6)

Privacy

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (7)

Speed

Average

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Fees

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (9)

Reputation

Trusted

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (10)

Limits

High

BitStamp is one of the world's largest and most well-known Bitcoin & crypto exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.

Pros

  • One of the longest-running Bitcoin exchanges
  • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
  • Offers wide range of altcoins

Cons

  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (12)

Ease of Use

Hard

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (13)

Privacy

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (14)

Speed

Slow

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (15)

Fees

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (16)

Reputation

Trusted

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (17)

Limits

High

Established in 2013, CoinJar makes it easy to buy, sell and spend cryptocurrency. CoinJar's iOS and Android apps allow users to trade cryptocurrencies on the go, while CoinJar Exchange and CoinJar OTC Trading Desk cater for professional traders, as well as individuals and institutions looking to make larger transactions.

This is an ad. We may receive compensation when you use CoinJar. Please visit CoinJar for its exact pricing terms.

Pros

  • Fees 1% (as low as 0.1% for high trading volumes)
  • Clean interface makes it easy for first-time buyers
  • Instant bank transfer
  • Established in 2013

Cons

  • Once off ID verification required to deposit or withdraw

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (19)

Ease of Use

Easy

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (20)

Privacy

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (21)

Speed

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (22)

Fees

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (23)

Reputation

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (24)

Limits

High

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (25)Bitpanda

Bitpanda is a Bitcoin broker based in Europe.

They have high payment limits and low fees across their wide range of payment methods.

Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.

Pros

  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker

Cons

  • Fees aren't shown openly on the site but instead included in the buying price

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (32)Coinbase

Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe, UK, Singapore, and Canada.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

Get $5 in free bitcoin after you sign up on Coinbase and make your first trade.

Pros

  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card

Cons

  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (33)

Ease of Use

Easy

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (34)

Privacy

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (35)

Speed

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (36)

Fees

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (37)

Reputation

Trusted

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (38)

Limits

High

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (39)Coinbase Pro

Coinbase's exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

Pros

  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees

Cons

  • User interface is confusing for first time buyers

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (40)

Ease of Use

Hard

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (41)

Privacy

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (42)

Speed

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (43)

Fees

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (44)

Reputation

Trusted

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (45)

Limits

High

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (46)Coinmama

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros

  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker

Cons

  • Some of the highest fees among credit/debit card bitcoin brokers

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (47)

Ease of Use

Easy

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (48)

Privacy

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (49)

Speed

Fast

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (50)

Fees

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (51)

Reputation

Trusted

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (52)

Limits

High

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (53)BitBargain

BitBargain is peer to peer marketplace for buying and selling bitcoin in the United Kingdom. The company vets its sellers to ensure that only those with positive buyer feedback are allowed to trade.

Pros

  • Ability to buy bitcoins instantly with a number of payment methods
  • Many trusted sellers, so reduced risk of getting scammed
  • BitBargain claims an average purchase time of 8 minutes

Cons

  • Hard to buy large amounts of bitcoins

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Ease of Use

Easy

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (55)

Privacy

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (56)

Speed

Fast

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (57)

Fees

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (58)

Reputation

Trusted

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (59)

Limits

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (60)QuickBitcoin

QuickBitcoin lets you buy bitcoins in the UK in under an hour, utilising online bank transfers. They also offer a unique anti-ransomware service to help you unlock a computer affected by such malware.

Pros

  • Fast delivery of bitcoins
  • Established and trusted broker
  • Many positive user reviews

Cons

  • Limited payment options

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (61)

Ease of Use

Easy

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (62)

Privacy

Low

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (63)

Speed

Fast

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (64)

Fees

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (65)

Reputation

Trusted

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (66)

Limits

Average

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (67)CoinCorner

CoinCorner is a Bitcoin exchange based on the Isle of Man. They cater to first-time buyers in the UK, Europe, Canada, Australia, and certain African, Asian, and South American countries. CoinCorner users may purchase bitcoins with SEPA, credit/debit card, GBP bank transfer, and now Neteller too. No verification required for purchases under £100.

Pros

  • Trusted and regulated company in the UK
  • Wide range of payment options
  • Good customer support
  • Instant credit card purchases
  • Supports a very wide range of countries
  • Video tutorials covering the basics of Bitcoin and buying and selling
  • Multi-sig security features

Cons

  • 1% trading fee slightly high by European standards
  • Offers a mobile wallet but this is not ideal for bitcoin storage
  • Requires ID verification, so not private
  • Does not provide exchange prices for comparison without sign-up

Bitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros

  • Our map makes it super easy to find a Bitcoin ATM near you

Cons

  • Bitcoin ATMs often have 5-10% fees per purchase

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Chapter 1

Bitcoin & Cryptocurrency Trading in United Kingdom


The United Kingdom’s capital, London, is one of the biggest financial centers across the globe. Unsurprisingly, fintech adoption in the country remains strong with both Deloitte and EY rating London as a leading global hub for fintech.

According to a survey by YouGov late last year, 93% of individuals in the U.K. have heard of Bitcoin. More importantly, nearly a fourth of the respondents to the survey said that they understand Bitcoin “fairly well.” However, only 4% of the respondents in the survey said that they have purchased Bitcoin.

But with what seems like a high awareness level, it wouldn’t be surprising to see Bitcoin adoption picking up pace in the U.K., especially considering that the regulatory environment remains on the favorable side.


9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (75)

London - the capital of United Kingdom


In August 2021, Paypal announced that it is launching its cryptocurrency service in the Untied Kingdom. The service lets customers buy, hold and sell bitcoin, bitcoin cash, ethereum or litecoin. Be aware, cryptocurrency purchases through Paypal can NOT be moved outside the app to a personal wallet. They can only be held or sold.

One of the easiest ways to buy Bitcoin in United Kingdom is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in United Kingdom, allowing you to select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet). If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (76)

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $150

LEARN MORE

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (77)

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59

LEARN MORE

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (78)

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $320

LEARN MORE

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (79)

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $119

LEARN MORE


Another way to buy Bitcoins in United Kingdom is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. You can locate Bitcoin ATMs in United Kingdom using our Bitcoin ATM Map.


-

Chapter 2

Best Bitcoin Wallets for United Kingdom

There are three main types of Bitcoin wallet and all of them are supported in United Kingdom:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

More AboutLedger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (81)

Coinbase

Best for storing crypto for short period of time

Learn More AboutCoinbase

Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

More AboutElectrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Chapter 3

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (83) How to Buy Ethereum in United Kingdom


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in United Kingdom that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

  • Exchanges in United Kingdom that Support Ethereum

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (84)

    eToro

    • Supports Ethereum buying & selling

    Coins supported:
    9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (85) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (86) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (87) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (88)

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (89)

    Bitpanda

    • Supports Ethereum buying & selling

    Coins supported:
    9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (90) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (91) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (92) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (93) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (94)

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (95)

    Coinmama

    • Supports Ethereum buying & selling

    Coins supported:
    9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (96) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (97) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (98)

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Chapter 4

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (99) How to Buy Dogecoin in United Kingdom


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

  • Exchanges in United Kingdom that Support Dogecoin

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (100)

    eToro

    • Supports Dogecoin buying & selling

    Coins supported:
    9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (101) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (102) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (103) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (104)

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (105)

    Bitpanda

    • Supports Dogecoin buying & selling

    Coins supported:
    9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (106) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (107) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (108) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (109) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (110)

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (111)

    Coinbase

    • Supports Dogecoin buying & selling

    Coins supported:
    9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (112) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (113) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (114) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (115) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (116)

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

Back to Top


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Chapter 5

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (117) How to Buy Litecoin in United Kingdom


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in United Kingdom that allow you to buy litecoin and other crypto assets for good exchange rates.

  • Exchanges in United Kingdom that Support Litecoin

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (118)

    eToro

    • Supports Litecoin buying & selling

    Coins supported:
    9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (119) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (120) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (121) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (122)

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (123)

    Bitpanda

    • Supports Litecoin buying & selling

    Coins supported:
    9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (124) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (125) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (126) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (127) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (128)

  • 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (129)

    Coinmama

    • Supports Litecoin buying & selling

    Coins supported:
    9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (130) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (131) 9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (132)

Back to Top


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Chapter 6

Exchange Hacks and Crypto Scams in United Kingdom


Crypto exchange based in UK gets hacked

At the end of 2020, cyrptocurrency exchange EXMO was hacked, losing 5% of its assets held in its hot wallets (worth $4M USD). After the exchange platform noticed massive withdrawals of Bitcoins and five other cryptocurrencies, it suspended all transactions until further notice. EXMO also assured its users that they would be compensated for the financial losses from its own insurance funds.


9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (133)

EXMO representatives declared they were also conducting an investigation, in addition to the one conducted by the police.

This story is still developing, so check back regularly for updates.


-

Chapter 7

Impact of Brexit on Bitcoin


Britain’s decision of making an exit from the European Union is expected to boost demand for Bitcoin in the country.

That’s because Bitcoin’s purpose of serving as a digital currency that transcends borders will help users make or accept payments, and also hedge their assets in case of a “hard” Brexit.

Bank of England governor Mark Carney has warned that the British pound could lose a quarter of its value in case of a no deal Brexit (an event where the U.K. leaves the EU without striking a trading agreement).

This has triggered more interest in an alternative currency such as Bitcoin as its value is not controlled by any government.

Cryptocurrency exchange Binance, which recently started its operations in Jersey – a self-governing dependency of Britain – is overwhelmed with registrations on the platform as it allows users to trade pounds and euros with Bitcoin.

In the end, it can be concluded that the state of Bitcoin in the U.K. seems healthy thanks to the variety of reasons listed above that could boost demand for the cryptocurrency going forward.


-

Chapter 8

FAQ


Does Coinbase work in United Kingdom?

Citizens of United Kingdom can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

  • Bank Deposit
  • PayPal
  • UK Bank Account
  • SWIFT Account
  • 3D Secure Credit Card
  • Debit Card
  • Credit Card

Where Can I Find a Bitcoin ATM in United Kingdom?

United Kingdom offers many ATMs for its citizens to buy Bitcoins with Cash.

You can use our Bitcoin ATM finder tool to find the one nearest you.

What is the price of Bitcoin in United Kingdom?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in United Kingdom?

Any exchange with a Pound sterling trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has GBP trading pairs for many popular coins.

Another way to sell Bitcoins in United Kingdom is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private. You can locate Bitcoin ATMs in United Kingdom using our Bitcoin ATM Map.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

What is the regulatory environment around Bitcoin like in the UK?

The Financial Conduct Authority (FCA) is the U.K.’s financial regulatory body. Though the FCA regulates some crypto-assets in the U.K., Bitcoin is still out of its purview and is not considered legal tender. However, the U.K. government is in favor of Bitcoin being regulated by the FCA in a bid to prevent money laundering and protect the interests of investors.

So far, the FCA hasn’t had jurisdiction over Bitcoin as it doesn’t put virtual currencies into the same bracket as commodities or currencies. According to the FCA, “cryptoassets designed primarily as a means of payment or exchange would not generally sit within the scope of FCA authority.” However, since the agency is tasked with providing protection to consumers and investors, it has followed a wait-and-watch strategy.

But it looks like the FCA could bring Bitcoin under its umbrella this year. According to John Glen, the economic secretary to the Treasury, “The government will consult early next year to explore whether other crypto-assets that have comparable features to specified investments but that fall outside the current perimeter should be captured in regulation.”

Glen further added that the U.K. government believes that “benefits could potentially develop in the future through the use of initial coin offerings as a capital raising tool.” This indicates that the British government is potentially looking at promoting Bitcoin in a more regulated manner going forward by putting structures in place that will provide avenues for investor compensation and consumer grievances.

As it stands, cryptocurrency exchanges are required to register with the FCA, and are subject to the agency’s anti-money laundering standards just like the other financial institutions in the country. So a move aimed at providing investor protection can boost Bitcoin demand in the U.K. going forward as potential buyers will be assured that there interests will be looked after by a governing agency.

About the Author: Jordan Tuwiner

9 Ways to Buy Crypto & Bitcoin in UK [2022 Exchanges] (134)

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.

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