Last Updated on: 22nd November 2023, 01:34 pm
It wasn’t more than two decades ago that the thought of paying for goods and services digitally sounded strange, much alone utilizing a cryptocurrency wallet! In the year 2022, cryptocurrency is more than simply a method of digital transaction; it is a revolution!
The crypto markets, thanks to the advent of Bitcoin (BTC), have become a new source of potential for users of all shapes and sizes! BTC is a currency that has made many investors billionaires, and it is a popular investment for many people in the UK.
Interestingly, for investors wishing to purchase Bitcoin UK, the country’s market (albeit not as liquid as other markets) provides abundant opportunity for new-age investors.
Well, for a novice investor, the United Kingdom is one of the most dependable markets. Their tax framework is dependable and encourages gambling, speculation, and cryptocurrency trading. While the government is still assessing capital gains taxes, the favourable tax status of gambling and speculating revenues makes it a viable choice.
How to Buy Bitcoin in UK?
A simple Google search will leave you overwhelmed and confused where to start. If you’re wondering how to buy bitcoin in UK, we have narrowed down the best of the platforms for you to earn exponential profits from trading Bitcoins.
Check out the list below:
Binance
Binance, which was founded in 2017, is one of the most well-known and widely used cryptocurrency exchange platforms, with roots in Hong Kong. Binance is primarily concerned with accelerating the growth of various cryptocurrencies and cryptos. The platform allows you to exchange over 500 different tokens with no hassles at all.
Binance always has Bitcoin (BTC), Litecoin (LTC), Ether (ETH), Dogecoin (DOGE), and other cryptocurrencies covered. As a result, this platform is extremely popular among cryptocurrency traders and investors that deal with and facilitate transactions involving cryptocurrencies.
It is the most popular cryptocurrency trading platform among investors. With over 500+ crypto assets in its portfolio, the site has a modest cost structure, with a flat price of 0.10 %.
Binance also provides real-time price updates, as well as numerous novel features such as futures and margin trading, for a minimum deposit of $10.
Luno
Most individuals lose interest in cryptocurrency trading due to its difficulties. That being stated, Luno is here to make crypto trading simple and uncomplicated for everyone. This cryptocurrency trading software eliminates all of the hassles and difficulties associated with cryptocurrency trading.
Furthermore, the level of security provided by this platform has yet to be matched by many. Given the massive amount of scams that occur in cryptocurrency trading, this is a significant factor. As a result, Luno is your greatest choice for mitigating and finally eliminating such scams in cryptocurrency trading.
The best part is that Luno is entirely compliant with all applicable legislation. This implies that they adhere to the KYC and AML laws that apply to your local bank.
CoinJar
CoinJar has built its name on the high quality of its services. A cryptocurrency user can request that cryptocurrencies be bought, sold, stored, and spent in a seamless manner. CoinJar is one of the cryptocurrency trading exchanges that provide all of these services through a single user-friendly interface.
If you prefer smartphones, they also have app versions—CoinJar iOS and CoinJar Android. This will allow you to exchange your bitcoins with a global network of traders. Platforms like CoinJar are built and engineered to assist your cryptocurrency trading reach new heights.
Coinbase
Coinbase, another top exchange on the list, allows you to sell, buy, and trade 100+ digital assets, including prominent currencies such as Bitcoin, Dogecoin, and Ethereum.
Coinbase’s features include the ability to arrange your trades. Users may simply arrange purchases on a daily, weekly, or monthly basis, as well as set up recurrent trades and progressively invest in cryptocurrency. Investors may also use their interactive app to monitor and track transactions and market trends.
In terms of fees, Coinbase charges a 3.99 % deposit fee on debit card deposits. While additional fees vary depending on the size of the deal, transactions under $10,000 are subject to a 0.50 % taker and maker cost.
