Home Money & FinanceCryptocurrency 5 Ways to Buy Bitcoin in the UK

5 Ways to Buy Bitcoin in the UK

by Olufisayo
Ways to Buy Bitcoin

In recent years, we have become familiar with the term “cryptocurrency”. The latter has become a global phenomenon today, although we still have a long way to go in learning things about this form of money.

There are many options available for buying bitcoins all over the world. If you live in the United Kingdom, here are some helpful websites/services where you can easily make your bitcoins purchases.

Coinmama

The first in our list is Coinmama, a very fast and secure service that offers the opportunity to buy cryptocurrencies (digital currency) in the United Kingdom, by using credit cards. If you use a credit/debit card, Coinmama charges a 5.5% fee for each transaction. You just need to keep in mind that this service does not offer their bitcoin inbuilt wallet, so you need to create one yourself.

CEX.io

Established in London, UK, operating since 2013, CEX.io has gained a lot of reputation, thus becoming one of the top leading cryptocurrency exchange services in the cryptocurrency market and community. It was one of the first services to enable fiat-to-crypto transactions, accessible to clients with card payments and bank transfers.

Today, CEX supports a variety of cryptos (including bitcoin) and serves more than 3 million customers around the world.

       

Wirex

With Wirex, you can make payments anytime, anywhere in the world! Wirex enables the purchase of bitcoin and other cryptos by credit and debit cards as well as UK bank transfers at just 1% above the actual exchange rate.

This is what makes this service one of the cheapest and easiest to buy bitcoin via credit/debit cards. Wirex is characterized by flexibility, speed in transactions, and consistency in payments on a global level.

Coinbase

With the largest customer base in the world, Coinbase is considered one of the most popular services in the crypto community.

If you want to buy your first bitcoin in the UK, this is a very efficient service. You can do this through: Credit / Debit cards / Visa and Master card and Fiat deposits – supported EUR and GBP. Regarding the fees, Coinbase charges a 1.49% fee on buys and sells. On credit and debit card transactions, this fee has increased to 3.99%.

ChangeHero

Another very popular cryptocurrency exchange service where you can sell and buy Bitcoin, Ethereum and other cryptos at the best rates is ChangeHero. Through this service, you can swap your cryptos to bitcoin immediately.

       

If you have a Debit or Visa / MasterCard, you can register at ChangeHero and purchase bitcoin in the UK. There is no problem with the currency either, every currency in every country of the world is accepted.

 Is Bitcoin Legal In The UK?

Cryptocurrency is not considered illegal in the UK although the country does not have any specific laws about cryptocurrency. The main focus has been on preventing money laundering and terrorism.

Most cryptocurrency exchange platforms work in the UK and cryptocurrency has been well-regulated for customers, who have bought bitcoin very easily until today.

You can also start trading bitcoin using the bitcoin loophole UK platform. This platform will actually trade on its own helping you to make more profits.

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1 comment

Mark Steeve January 9, 2021 - 11:53 AM

Nice Information, Thanks for sharing with us.

Reply

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