- Buy Crypto & Bitcoin in the UK
- Chapter 1
- Bitcoin & Cryptocurrency Trading in United Kingdom
- Ledger Nano X
- Ledger Nano S
- TREZOR T
- TREZOR One
- Chapter 2
- Top Bitcoin & Cryptocurrency Exchanges in United Kingdom
- Chapter 3
- Best Bitcoin Wallets for United Kingdom
- Best for Security
- Ledger Nano X
- Secure storage for any cryptocurrency
- Temporary Wallet
- Zengo
- Best for storing crypto for short period of time
- Best for Desktop
- Electrum
- Simple yet powerful desktop wallet
- Chapter 4
- How to Buy Ethereum in United Kingdom
- Chapter 5
- How to Buy Dogecoin in United Kingdom
- Chapter 6
- How to Buy Litecoin in United Kingdom
- Chapter 7
- Exchange Hacks and Crypto Scams in United Kingdom
- Crypto exchange based in UK gets hacked
- Chapter 8
- Impact of Brexit on Bitcoin
- Chapter 9
- Does Coinbase work in United Kingdom?
- Where Can I Find a Bitcoin ATM in United Kingdom?
- What is the price of Bitcoin in United Kingdom?
- How do I cash out of Bitcoin in United Kingdom?
- What is the regulatory environment around Bitcoin like in the UK?
- About the Author: Jordan Tuwiner
Buy Crypto & Bitcoin in the UK
We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Clean & easy trading interface
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
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.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
- Offers unique copy trading feature
- Trusted exchange that has been active in traditional finance
- Interface is clean and easy to use
- You cannot deposit cryptocurrency, but you can deposit with other payment methods
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.
- 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
- Once off ID verification required to deposit or withdraw
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.
- Some of the lowest fees for buying bitcoins with credit/debit card
- Reliable and trusted broker
- Fees aren’t shown openly on the site but instead included in the buying price
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, Canada, and Australia.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
Get up to $36 in free crypto when you signup using Coinbase Earn.
- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- «Instant Buy» option available with debit card
- Purchases made with bank transfer can take up to 5 days to complete
- Coinbase may track how and where you spend your bitcoins
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.
- Some of the lowest fees available for US and EU customers
- Possible to buy bitcoins for 0% fees
- User interface is confusing for first time buyers
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.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- Some of the highest fees among credit/debit card bitcoin brokers
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.
- 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
- Hard to buy large amounts of bitcoins
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.
- Fast delivery of bitcoins
- Established and trusted broker
- Many positive user reviews
Bitpanda Pro is Bitpanda’s traditional exchange product, where users trade with each other instead of buying directly from Bitpanda. This means lower fees and more advanced trading options than Bitpanda’s main brokerage service.
- Founded in 2014
- Easy to use order book
- High volume means more efficient order filling
- To get full discount on fees, you must stake their altcoin
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.
- 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
- 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
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%.
- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
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.
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, and you can easily 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 the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, 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.
Ledger Nano X
- SCREEN:
- RELEASED: 2019
- PRICE: $145
Ledger Nano S
- SCREEN:
- RELEASED: 2016
- PRICE: $72
TREZOR T
- SCREEN:
- RELEASED: 2018
- PRICE: $189
TREZOR One
- SCREEN:
- RELEASED: 2013
- PRICE: $79
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
Top Bitcoin & Cryptocurrency Exchanges in United Kingdom
United Kingdom has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Clean & easy trading interface
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Chapter 3
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
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
Zengo
Best for storing crypto for short period of time
ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.
Best for Desktop
Electrum
Simple yet powerful desktop wallet
Electrum is a Bitcoin-only wallet that has been around since 2011. It’s easy to use, but has advanced features.
Chapter 4
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.
Chapter 5
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.
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.
Chapter 6
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.
Chapter 7
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.
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 8
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 9
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
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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