This article is going to be a quick guide on how to buy bitcoin in the UK. Many investors are confused in regards to the regulation aspects of cryptocurrencies today.
Today you will learn a little bit more of what’s true and how you can start buying bitcoin in the UK.
I’m going to answer two topics in this post:
● Is bitcoin legal in the UK?
● How to buy bitcoin in the UK
Once you learn more about the regulatory framework and how to actually buy bitcoin you will feel safe to start investing long term in this interesting new technology.
Is bitcoin legal in the UK?
The answer is both yes and no, today there are no real regulatory standards for bitcoin and cryptocurrency in the United Kingdom.
The FCA in Great Britain has never banned or put any boundaries on investing in cryptocurrencies.
However, what they do say is that bitcoin and other digital assets may be very risky to invest in.
But this doesn’t make them illegal to purchase.
So, if you are sitting at home thinking of buying some bitcoin you don’t have to worry.
It’s perfectly fine to use a broker or exchange as long as you know they have a good reputation.
But as the FCA mentions, be aware of the large fluctuations of the coin and the bad actors trying to scam people out there.
So to end this topic, bitcoin is not illegal because there are no real laws for or against it yet.
You are free to invest on your own risk.
How to buy bitcoin in the UK
Now that you know it’s okay to start buying bitcoin you might want to know a little bit more about how to do it.
There are several ways of how to buy bitcoin in the UK today and I’m going to share some of the best exchanges and most trustworthy names on the market.
First of all, you need to find an exchange that actually sells the coin, and not a trading broker.
Cryptocurrency or bitcoin exchanges are platforms where you can invest and buy the actual coin.
Here are some of the more reputable exchanges today available for people in the UK:
● BC Bitcoin
These bitcoin exchanges have been in the game for some time and the offer great solutions on buying bitcoin for people in the United Kingdom
Some of them are registered in the UK and have great reputations for being trustworthy and also bring very low fees to investors.
Together they offer over 350 different payment methods including, Credit Cards, Debit Cards, PayPal, Bank Transfer, and E-wallets.
These exchanges are also very easy to use which is important because you want to spend less time on figuring things out and more time owning the coin.
So, now you know more about cryptocurrency regulation and how to buy bitcoin in the UK.
If you want to know more on this topic and find other top exchanges, visit Tradingbrowser.com.