When people think about Bitcoin, they usually get worried and scared. The first thought that comes to their mind is Money loss. Well, it’s completely normal to feel like that. However, we want to let you know that Bitcoin is not that complicated as it seems. It is easy provided you know when and where to invest your funds to make the right Bitcoin Purchase. In this article, we will tell you a few ways where you can buy bitcoin in the UK.
- Coinbase: If you want to buy Bitcoin in the UK, Coinbase is one of the safest and easiest ways. Coinbase only charges a transaction fixed fee of 0.5 percent.
Steps to Buy Bitcoins in the UK using Coinbase?
First of all, you need to open a coinbase account, for that, you have to sign yourself up at Coinbase.
Now, when you are done setting up your account, we recommend that you set up security along with it. Example- Two-factor authentication).
Now you are required to add your funds, by visiting Coinbase.com. Login with your account and access settings, then Payment options and Add your bank accounts to transfer the funds.
Here on, link your bank account add with your Coinbase Pro account as well. Now, you need to click on the Deposit button and you can access the bank account that you have added using coinbase.com.
Bonus – You can also check Bitcoin Pro. It allows you to trade cryptocurrencies. You can check their dashboard by clicking on Bitcoin Pro Login button.
- Binance: Binance is another way to buy Bitcoin in the UK. It allows its users in the UK to directly deposit funds in their accounts. You can use your debit and credit cards.
How to buy Bitcoin in the UK using Binance?
First of all, you need to open a Binance account.
No need to shield your account with two-factor authentication to enable security measures in place.
At the moment, you will be inside your trading account.
Now you need to click on the exchange button on the taskbar. Now choose basics for trading.
Once you finish that, you will be put up with a set of trading pairs that you can select from.
In case you want, let us tell you that you can link your debit/credit card or bank account and deposit your funds.
Ensure that your balance is enough in your Binance wallet before you make the purchase.
- Wirex: You know what, Wirex was considered the cheapest among the other competitors as it charges a 1 percent fee.
Here’s how to Buy Bitcoin in the UK from Wirex
Create a wirex account and login in. Click on the accounts option that you can access on the left side and select the account to which you want to transfer the fund.
Click on the add funds options and once that is done, you will have to select the option via which you would add the funds.
Now you need to finish the transaction and you check to see the funds in your account.
- Coinmama: One of the most popular and most recent trading platforms to buy Bitcoin in the UK is Coinmama. The Coinmama is known for the great support it offers with every trade. Coinmama the prices mentioned seem to be as same as the ones quoted in the market.
Here How to buy Bitcoin in the UK from Coinmama?
First of all, you need to sign up for a coinmama account and get it verified.
Once you are done with it, by entering the wallet address, you will have to set up the wallet in the account.
From now on, you need to select the crypto coin that you want to buy. Then you can select the amount that you want to buy. And next up, purchase with the payment.
As the payment is done, you can see the coins reflected in your wallet in 1-3 business days.