Buying cryptocurrency in the UK is easy with the right tools. This article covers the best Bitcoin exchanges, wallets and apps for the British market, as well as tips on how to avoid common pitfalls.

The first step in buying crypto in the UK is selecting a reliable exchange. There are many options, including eToro, Coinbase, and Binance. Each has its own pricing and security features, so it’s important to research and compare them before deciding which one to use.

After selecting an exchange, users will need to fund their account. This can be done via a bank transfer, credit or debit card, or through a P2P payment service. Once the account is funded, the user can place an order to buy crypto by clicking on the “Buy” or “Sell” button on the exchange. Then, the buyer will need to select a Bitcoin wallet where the cryptocurrency will be sent.

Buying Cryptocurrency in the UK: A Beginner’s Guide

Cryptocurrency owners should be aware that their assets are at risk of theft or hacking. Furthermore, exchanges are not regulated by the FCA, meaning that investors won’t have access to the Financial Services Compensation Scheme in case of a loss.

Buying crypto with GBP is simple using OKX UK, which offers competitive fees (maker fees start at 0.08%, while taker fees are at 0.1%). The exchange also offers advanced trading tools, like the ability to track specific coins with a watchlist. In addition, the OKX app allows users to purchase and sell crypto from a mobile phone, making it easier for people on the go to get in and out of the market.