How to Buy and Sell Bitcoin (BTC) in the United Kingdom
As the cryptocurrency industry continues to transcend national borders, buying Bitcoin has become increasingly accessible, including in the United Kingdom. In the UK, purchasing Bitcoin is as straightforward as it is in other countries like Canada. Here’s a comprehensive guide on how to buy and sell Bitcoin in the UK.
Popular Bitcoin Exchanges in the UK
For those looking to use UK-based services, major exchanges include Coinfloor and CEX. There are also international exchanges like Coinroom and Kraken that accept British pounds (GBP) in exchange for Bitcoin.
UK-Based Exchanges
- Coinfloor: Known for its user-friendly interface and strong security measures.
- CEX: Offers a variety of cryptocurrencies and a straightforward buying process.
International Exchanges Accepting GBP
- Coinroom: Facilitates the exchange of GBP for Bitcoin.
- Kraken: A well-established exchange with high liquidity and multiple currency pairs.
Additional Services
Several other services cater to UK residents:
- BC Bitcoin: A one-stop shop offering multiple crypto services.
- Changelly: Allows for instant crypto-to-crypto exchanges.
- Coinmama: Facilitates the purchase of popular cryptocurrencies.
- Wirex and Spectrocoin: Not only do they allow the purchase of cryptocurrencies, but they also offer debit cards for everyday purchases using crypto.
Other Popular Exchanges Accepting GBP Deposits
- Bitfinex
- CoinsBank
- Coinbase Pro
- Bitstamp
- COSS
- CoinDeal
- Bitlish
- Coinsquare
- Panxora
- LakeBTC
- GBX Digital Asset Exchange
- DSX
- Bisq
- Omicrex
- CoinCorner
- Cryptomate
- Lykke Exchange
- ANXPro
- Bittylicious
- Binance Jersey
- xBTCe
Live Marketplaces
If you prefer a live marketplace, BitBargain and Bittylicious connect you with sellers in the UK. Note that these platforms typically accept online or mobile payments only.
The Technical Process of Buying Bitcoin in the UK
The technical process of buying Bitcoin in the UK is similar to most other countries. Here are the basic steps:
- Choose an Exchange: Research and select a reliable exchange.
- Create an Account: Sign up on the exchange platform and complete the necessary verification steps.
- Set Up a Wallet: Create a Bitcoin wallet where you can securely store your purchased Bitcoin.
Bitcoin ATMs in the UK
For those who prefer using Bitcoin ATMs, several machines are available in major UK cities. You can find these locations using resources like CoinATMRadar.
Conclusion
With numerous options available, buying and selling Bitcoin in the UK is quite straightforward. Whether you use a UK-based exchange, an international platform, or a Bitcoin ATM, acquiring BTC is very accessible. Always ensure to choose a reliable service and secure your investments properly.
