How to Buy Bitcoin in the UK

In the United Kingdom there are several ways to purchase cryptocurrencies including online exchanges, ATMs, and mobile apps. Each platform varies in fees, security, and available payment methods. It is important to choose a reputable exchange and follow their KYC process which typically includes uploading proof of identity and address. The process is not time consuming and usually takes no more than a few days.Learn more :theinvestorscentre.co.uk

Cryptocurrency trading and investing in the UK is legal, however, there are risks involved with any investment and profits are not guaranteed. Most investors buy cryptocurrencies such as Bitcoin as speculative investments in the hopes that they will increase in value.

How to Buy Bitcoin in the UK: A Step-by-Step Guide

Once a person has purchased cryptocurrency they will want to store it safely. Many exchanges will have built-in wallets but it is recommended that people use their own personal wallet for optimal security. Leaving cryptocurrency on an exchange increases the risk of theft as hackers can gain access to user accounts and steal crypto assets.

With the UK’s Brexit decision sparking interest in alternative currencies, Bitcoin demand has been on the rise. The currency is seen as a safe haven from a potential hard Brexit where the pound could depreciate. This is a key driver behind the surge in the price of the digital asset.…