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Friday, September 24, 2021

How to Buy Bitcoin in the U.K

It may seem not easy to buy Bitcoin in the U.K., but it is as manageable as buying other assets. You can buy Bitcoins via bitcoin ATMs, peer-to-peer websites, or cryptocurrency exchanges. How to buy bitcoin uk Exchange is the leading way of buying bitcoin in the U.K. The exchange is a marketplace where you can both buy and sell bitcoin as well as other cryptocurrencies. You can use different types of bitcoin exchanges such as;

-Bank transfer.
-Debit card
-Credit card
-Apple Pay

Instead, if you are choosing the trading route to buy bitcoin, in the U.K., many brokerages are now offering cryptocurrency CDFs and future trading. Remember that you are not restricted here in any way as there are more than 370 cryptocurrency exchanges in existence. To make the right decision, I would commend you for comparing the top best exchanges and brokers of the U.K.

In the whole cryptocurrency sector, bitcoin has the dominant value. That’s why when it comes to investing, it is the best option for beginners.
How to buy bitcoin? Is it a mystery? Here in this article, I’ll provide you a quick and brief guide that will help you buy bitcoin quickly and affordably.
Let’s get start it;

7 Exchange Platforms to buy Bitcoins in the UK

Coinbase

Coinbase is the first extensive bitcoin exchange that got an e-money license. In the U.K., it is the easiest and affordable way of buying bitcoin and is the fastest and improved way. Moreover, it charges a fixed transaction fee of 0.5% only, which is the lowest in the market and very convenient to use.

Binance

Binance was launched in 2017, and now it has become the most influential cryptocurrency trading platform. It has a tremendous volume of 24-hour trading. In the U.K., Binance enables its users to directly deposit funds in their account with credit and debit cards. Binance charges a 0.1% spot trading fee and a 0.5% immediate sell/buy trading fee; it also charges some withdrawal based on Bitcoin network fees. This is an affordable price to pay for a platform offering a significant number of Crypto trading pairs to trade. Binance is also famous for its simple and concise API that promotes efficient trading with absolute transparency.

Paxful

Paxful is the best peer-to-peer bitcoin buying and selling marketplace. It is astonishingly simple to find suitable offers as it has more than 300 payment methods. When you sell Bitcoins on their platform, Paxful charges 0.5% – 3% fees depending on the payment method. It requires the user’s identity to verify the account to make it a safe space as it is a P2P trading platform.

LocalBitcoins

LocalBitcoins is also a peer-to-peer Bitcoin cryptocurrency exchange platform. It is a marketplace where users can both buy and sell Bitcoins to and from each other. Traders can create appealing advertisements with the prices and payment methods they want to offer their audience. For every complete trade, LocalBitcoins users who create advertisements are charged a 1% fee. Moreover, it is a completely safe platform.

Coinmama to buy bitcoin Uk

To buy Bitcoin Coinmama is the current hit in the trading world. Though Coinmama is not a cryptocurrency platform, it is a brokerage. It means that before making any purchase, you will require to have a wallet added to your Coinmama account. In addition, Coinmama charges a 5.5% transaction fee from its customers for trading.

Wirex to buy bitcoin Uk

Wirex is a borderless trading platform where you can trade traditional as well as digital currencies. Among other opponents, Wirex was recognized as the most economical platform where you can buy Bitcoin. Is Wirex trustworthy? Yes! Wirex is a secure platform as the security of its user’s funds is its foremost priority. Wirex doesn’t charge any fee for internal payments but demands a small fee for transferring funds to an external bank account.

CoinJar

CoinJar is one of the oldest cryptocurrency brokers and a lenient way to buy Bitcoin. It charges an additional fixed fee of 1% for your Bitcoin purchase. It is known for its innovations such as crypto EFTPOS, crypto debit card, card, and secure CoinJar wallet application for mobile devices. CoinJar is a trustworthy cryptocurrency exchange platform. It has more than 400,000 users with a traded cryptocurrency of more than$1.5 billion.
Hence, CoinJar would be the best option if you look for simplicity and have got extra bucks.

Final Thoughts

As the world’s premier cryptocurrency, Bitcoin has become the most popular and accessible both in the U.K. and worldwide. Consequently, traders and investors will surely face no problem finding sellers in a stock market. Investing in bitcoins is easy, but the most important thing is to choose a suitable exchange or broker. If you want more details, I recommend you visit their websites for more information and updates. I hope this guide will help you to buy Bitcoin in the U.K.

Also read: How to bleed a radiator

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