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imageWhere to Buy Bitcoin UK - 5 Best Places.
Buying Bitcoin in the UK is a simple process - with many cryptocurrency exchanges now accepting convenient payment methods like debit/credit cards and bank transfers.
You do, however, also need to consider whether or not your chosen exchange is regulated and what fees you will be charged when trading.
In this article, we explore how to buy Bitcoin UK by reviewing five of the best crypto exchanges of 2022.
Where to Buy Bitcoin UK - Top 5 Exchanges.
If you’re wondering where to buy Bitcoin right now - consider one of the five best crypto exchanges listed below.
- Overall Best Place to Buy Bitcoin UK Coinbase - One of the Best Bitcoin Exchanges for Beginners - One of the Best Crypto Exchanges for Trading Huobi - Top Exchange for Asset Diversity Mode - Safe UK Bitcoin Exchange App.
Best Place to Buy Bitcoin UK - Top Exchanges Revealed.
When choosing where to buy Bitcoin in the UK, Binance not only do you need to consider safety - but fees, user-friendliness, payments, minimum deposit requirements, and more.
Taking this into account, below we review the five best crypto exchanges in the UK right now.
1. eToro - Overall Best Place to Buy Bitcoin UK.
For those wondering how to buy Bitcoin UK - you will come across many exchanges that operate without a regulatory license. However, this couldn’t be further from the truth in the case of eToro - which is both authorized and regulated by the FCA. And as such, you can buy Bitcoin in the UK here in a safe, secure, and regulated environment.
To open an account at eToro, it’s just a case of providing the exchange with some personal information and meeting a small minimum deposit of $10 - or about £7. You can fund your account instantly with a UK debit/credit card or an e-wallet like Skrill or Paypal. UK bank transfers are also supported on the eToro platform.
Once your account is funded, you can then buy Bitcoin in the UK for just $10. In terms of fees, all GBP deposit methods cost just 0.5%. Moreover, you will only pay the spread when buying and selling Bitcoin, which starts from 0.75%. In addition to Bitcoin, you can trade over 40+ other digital currencies - such as Ethereum, XRP, Binance Coin, Cardano, and more.
eToro also supports traditional asset classes, such as UK and international stocks and ETFs, index funds, forex, buy bitcoin and commodities. You can also access Copy Trading tools at eToro. This allows you to trade passively, insofar that you can copy the positions of an expert investor. SmartPortfolios are also offered - with dozens of strategies to choose from.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Coinbase - One of the Best Bitcoin Exchanges for Beginners.
Coinbase is perhaps the best place to buy Bitcoin in the UK if you are a complete novice. You can access Coinbase online or via the Android/iOS mobile app - both of which offer a smooth user experience.
Once you open an account at Coinbase, you will have the option of buying Bitcoin instantly with your UK debit or credit card. This is the easiest option but also the most expensive - with Coinbase charging an all-in commission of 3.99%. To save on fees, consider deposit funds via a UK bank transfer - which is free.
You will, however, still need to pay a standard commission of 1.49% once the funds arrive and you proceed to buy Bitcoin. Coinbase offers lots of educational resources - which is another reason why this exchange is popular with newbies. Coinbase also offers plenty of other cryptocurrencies - so you can easily diversify.
Your capital is at risk.
3. Binance - Best Crypto Exchange UK for advanced trading.
Binance is not only popular in the UK - but its 100+ million registered users are based in all corners of the world. This cryptocurrency exchange is good for low fees - not least because you will only pay a commission of 0.10% per slide.
Furthermore, if you deposit funds in crypto, you will only need to cover the network fee. Binance is also a good option if you are looking to actively trade digital currencies - as the exchange is home to more than 1,000+ markets. On the flip side, Binance no longer offers direct debit/credit card deposits. As such, you’ll need to go through a third party - which can cost up to 10% in fees.
Your capital is at risk.
4. Huobi - Top Exchange for Asset Diversity.
The next option to consider when learning how to buy Bitcoin in the UK is Huobi. This platform is popular with traders that wish to access a wide spectrum of cryptocurrencies - as you will find hundreds of markets here.
Huobi is relatively cost-effective too - with commissions starting at just 0.20% per slide. Another benefit of using Huobi is that you will have access to passive investment tools. For instance, its crypto savings accounts allow you to deposit digital currencies to earn interest on your holdings. You might also consider Huobi if you wish to trade via your smartphone.
Your capital is at risk.
5. Mode - Safe UK Bitcoin Exchange App.
If you’re wondering how to buy Bitcoin UK via your mobile phone - Mode is a good option. First and foremost, Mode is approved to offer Bitcoin brokerage services to UK residents, so you can invest safely.
Moreover, the Mode app - which is available on both iOS and Android devices, allows you to deposit funds via UK faster payments, which means that your money will arrive pretty much instantly. The minimum amount required at mode is £50 and fees are competitive.
With that said, Mode only allows you to buy Bitcoin - as it does not support any other cryptocurrencies. This will limit your ability to diversify your portfolio - so do bear this in mind. Nevertheless, Mode is very user-friendly, so the broker could be a good option if you are a beginner. Mode also offers top-rated customer service via live chat.
Top UK Crypto Exchanges Compared.
Check out the comparison table below to assess where to buy Bitcoin in the UK right now.
How to Buy Bitcoin UK - Tutorial.
If you’re wondering how to buy Bitcoin in the UK right now, the walkthrough below will explain the required steps at top FCA broker eToro.
Step 1: Open an Account.
First, visit the eToro website. Click the ‘Join Now’ button and enter your personal information when prompted.
You will also need to enter your email address and mobile number.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
The next step is to complete the KYC process by uploading proof of address and ID.
Step 3: Deposit Funds.
You can fund your account with at least $10 via a UK debit/credit card, e-wallet (Paypal, Skrill, Neteller), or a local bank transfer.
Step 4: Search for Bitcoin.
In the search bar, enter ‘BTC’.
Next, click on the ‘Trade’ button.
Step 5: Buy Bitcoin UK.
In the ‘Amount’ field, enter how much you want to invest.
Finally, click on ‘Open Trade’ to complete your Bitcoin purchase.
Should I Buy Bitcoin?
Bitcoin is a volatile and speculative asset - so ensure you consider the risks before investing.
Volatility: Bitcoin is more volatile than traditional stocks or index funds. Consider that the value of your investment can go up or down by over 10% in a single day of trading.
Huge Returns: Although Bitcoin is volatile, it is also a top-performing asset. Over the prior five years, Bitcoin has increased in value by over 3,200%.
Finite: There will only ever be 21 million Bitcoin tokens in circulation. This makes Bitcoin a finite asset.
Decentralized: Bitcoin is not controlled by any single person or entity. This decentralized framework ensures that the supply of Bitcoin cannot be manipulated.
In summary, this article has explained how to buy Bitcoin in the UK and which UK crypto exchanges and brokers to consider for the job.

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