How to Buy Bitcoin UK 2020

How to buy bitcoin UK?

In this article, you will learn how to purchase bitcoin in the UK with Credit Card, Debit Card, and PayPal.

Is bitcoin legal to buy in the UK?

This question will be answered throughout the article along with a step by step guide that explains exactly how to do it.

Here is a list of the best sites to buy bitcoin in UK 2020:

  1. Changelly
  2. Paxful
  3. Phemex
  4. Coinfield
  5. BitBay
  6. Cex.io
  7. OKEx
  8. BC Bitcoin

These are trusted sites in the United Kingdom where you can purchase BTC instantly and have the coins safely stored in your wallet within a few clicks.

Below is a comparison table of the best sites to purchase your BTC if you are living in the United Kingdom.

Best Sites to Buy Bitcoin in UK Compared

ExchangeCredit Card FeePayment MethodTrading FeeInfo
Changelly
2.5% - 5%

0.25%
Buy Bitcoin Instantly
Extremely easy to use
Good reputation
Start Trading
Paxful
Rate set by sellers
paypal
Swish
NetellerSkrill
+335 more

1%
 Recommended Exchange!
343 Payment Methods!
Very easy to use
Start Trading
Phemex
2.50%


0.10%
Has welcome bonus
Buy Bitcoin with Credit Card
✓ Good for all investors
Start Trading
Coinfield
2.95%

interacpaypal

wire transfer
0.25%
Fully Regulated Exchange
Available in 193 Countries
✓ Very fast trades
Start Trading
bitbay
-


wire transfer
0.25%
Number 3 Exchange in Europe
Buy Bitcoin with Bank Transfer
✓ Great Wallet App
Start Trading
Cex.io
2.99%

0.25%
Trusted Platform
Lowest Debit Card Fees
Buy Bitcoin with Debit Card
Start Trading
Okex
3.50%


0.15%
Buy Bitcoin with Credit Card
Global Exchange
Very good Reputation
Start Trading
bc bitcoin
3% - 4%



wire transfer
4%
SecureTrading Certificate
Registered UK Exchange
✓ Deep Pool Liquidity OTC 
Start Trading

Is it legal to buy Bitcoin in UK?

bitcoin regulation uk

Is bitcoin really legal to buy in the UK?

The answer is yes and no.

There is no real regulatory framework for cryptocurrency and BTC yet in the UK.

The Financial Conduct Authority, or FCA, in the UK clearly states that cryptocurrencies are a high risk investment and you should be prepared to lose all your money.

The only reason why cryptocurrencies are regulated in the United Kingdom is for money laundering reasons.

But this doesn’t make it illegal so you can relax.

It’s a little bit of a grey area since the technology is so new and there are still no real laws for or against cryptocurrency investing.

The only thing the FCA is saying is that cryptocurrencis or cryptoassets are highly volatile and risky.

However, if you are living in the United Kingdom and are thinking of purchasing some BTC for investing or trading reasons you don’t have to worry.

Just because the regulatory parts of the country haven’t caught up yet doesn’t mean that you can’t purchase the coin or invest in it.

What you need to look out for is where you purchase BTC.

All cryptocurrency and BTC exchanges have to be registered and all capital gains you make should be taxed.

So, in order for you to own BTC in the UK, all you need to do is to find a registered site that you can trust and then start buying btc.

Above is a list of the best platforms and sites where you can buy BTC safely and instantly.

If you want to read more about the regulatory framework and legality of cryptocurrencies in the United Kingdom, click here to go to the FCA page about cryptoassets.

How do I buy Bitcoin in UK?

How do I purchase bitcoin in UK?

It’s a rather easy task if you are familiar with the right brokers.

All you need is you a trustworthy exchange or broker, your ID, and money.

Here are 4 simple steps on how to buy bitcoin in the UK:

  1. Select broker
  2. Open an account
  3. Identify your self
  4. Buy BTC

That’s it!

It has gotten so much easier to purchase bitcoin in the United Kingdom over the last years and the excess of brokers is making the fees go down as well.

In this article I’ve chosen some of the best BTC sites and exchanges for people living in the UK.

They are trusted and used by millions of traders and ordinary investors from the UK.

So head up to the top of the page and browse through the BTC exchanges to see which one you find easiest to use.

Now, before you purchase any BTC you will always have to identify yourself.

Don’t worry, this only takes a minute and can be done with your driver’s license, international ID, or passport.

When your account has been verified you’ve got the green light to start buying some digital assets.

Now the easiest way to buy bitcoin in the United Kingdom is either with a credit card, debit card, PayPal, or an e-wallet.

Below follows a guide on each payment method if you want to know exactly how to do it.

These guides will help you get started, navigate on the platform, and how to purchase BTC in the UK for each payment method.

What is the best way to buy Bitcoin in the UK?

buy bitcoin in uk with paypal

What is the best place to buy bitcoin in the UK?

In my own experience, it’s always best to buy your digital assets from a trusted broker, or exchange with a good reputation.

This can be done either on a desktop, laptop, on your mobile phone through a smartphone app.

There are many bad actors out there when it comes to BTC investment so try your best to stay away from them.

In this article, I’ve listed some of the most trusted exchanges and brokers.

This is the best way to purchase digital assets in the United Kingdom.

Here you will find several payment methods, beginner-friendly interfaces, and also very low fees.

They all have the option to buy with pounds or GBP which makes the conversion much easier for you.

Here are some of the best payment methods for people living in the UK:

  • PayPal
  • Credit Card
  • Debit Card
  • Neteller
  • Trustly
  • Skrill
  • Apple Pay

These and more are readily available so browse through the list to see which one suits you best.

If you are buying BTC with the intention to invest it might be wise to invest in a wallet at the same time to store your coins.

The best way to store your coins is on a hardware wallet or offline wallet.

Read this article to learn more about BTC wallets.

Remember that many of these platforms have mobile apps as well if you prefer to use your smartphone.

I would recommend the Changelly app, it’s very easy to use and you will be able to invest almost instantly.

Now, if you still some help to get started, there are three guides on how to do it later in this article.

What is the best site to buy Bitcoin in UK?

best site to buy bitcoin in uk

What is the best site to buy bitcoin in the UK?

This article features 8 of the best and safest sites for poeple living in the UK.

These are the top sites for buying bitcoin online in the United Kingdom:

  1. Changelly
  2. Paxful
  3. Phemex
  4. Coinfield
  5. BitBay
  6. Cex.io
  7. OKEx
  8. BC Bitcoin

The benefit of using these platforms are the variety of payment methods, the reputation, and of course the fees.

Changelly – Easiest to use

Changelly

What is the fastest way to buy Bitcoin in UK?

Changelly has the easiest interface to use for new investors with little experience on how to buy digital assets.

They also have a great mobile app for people in the UK that prefers to invest with their smartphone.

Changelly is the also an instant exchange which is connected to 10 of the major exchanges out ther like Binance and Bittrex.

The Changelly algorithm scans the market of these 10 exchanges to pick up the best prices of BTC at any given time.

Paxful – Most payment methods

Paxful

What is the safest way to buy Bitcoin in UK?

Paxful has the biggest selection of payment methods out of all the BTC sites I know.

There are over 330 different options on how to deposit for people in the UK.

This makes it very easy to invest for anyone.

The platform is also designed to make everything as smooth as possible and rates are set by other sellers.

Phemex – Buy Bitcoin instantly in the UK

Phemex

Phemex broker is great for investors in the UK.

Once you confirm your ID you can buy bitcoin instantly with very low fees.

This exchange has it’s roots in Wall Street where the founders are extremely dedicated to bring trustworthieness and professionalism to the cryptocurrency space.

Phemex is also a registered Money Service Business (MSB) which adds to the authenticity as a BTC exchange.

Coinfield – Fully Regulated Bitcoin Exchange

How do I purchase a Bitcoin in UK?

Coinfield is one of few fully regulated exchanges that puts emphazis on security and speed.

This exchange is available in 193 countries across the globe and the list of availability keeps growing.

It’s great for investors in the UK since they offer very fast transactions in GBP, or pounds.

This exchange will ensure safety of funds with almost all their digital assets kept in cold or offline storage.

BitBay – Number 3 Exchange in Europe

bitbay

BitBay is the third largest bitcoin exchange in Europe and of course it serves UK investors with payments by bank transfer to GBP.

They were founded back in 2014 and have since then grown a lot and have also moved their headquarters to Malta a long with Binance and other great cryptocurrency exchanges.

They have a very well developed wallet app as well for smartphones that I highly recommend.

BitBay is one of the most trusted places to buy and sell BTC in Europe with a very user-friendly interface that suits all investors.

Cex.io – Regulated Bitcoin provider

Cex.io

What is the easiest way to buy Bitcoin in UK?

Cex.io is an incredibly easy exchange to use where people for the UK will enjoy mobile app purchases, instant BTC transactions, and much more.

If you are from the United Kingdom and is looking for a BTC exchange to handle your GBP payments then Cex.io is great.

It is regulated as a DLT provider which adds to their goal of being a top broker when it comes to security.

Join over 3 million customers and start investing today from your desktop or mobile app.

OKEx – Available in 200 countries

Okex

Where to purchase bitcoin in UK?

OKEx is available globally and is serving more than 20 million BTC investors from over 200 countries.

This platform lets you buy BTC from the UK almost instanly completely effortless.

Low fees, great wallets, easy to use mobile app is only some of the features of OKEx.

Invest with GBP using Credit Card, Debit Card, or Bank Transfer.

BC Bitcoin – UK based Bitcoin Broker

bc bitcoin

BC Bitcoin is a trusted UK broker that offers very fast and easy options for people living in the UK.

They offer OTC trading which lets you invest in bulk as well as standard lots.

Payments in the UK are handled immediately and they offer SEPA, Bank Transfer, Credit Card, Wire Transfer, and Debit Card payments.

BC Bitcoin has great customer support with direct phone lines you can call if you need to talk to representative.

How to Buy Bitcoin in UK with Credit Card – Guide

how to buy bitcoin in uk with credit card

Visit Exchange

Where to buy bitcoin in UK with credit card?

You are definitely best off using Changelly.com.

This instant exchange is one of the easiest, fastest, and most secure ways to purchase BTC with a credit card for people living in the UK.

The special thing about Changelly is that it’s connected to 10 other big cryptocurrency exchange through an algorithm.

It sounds fancy but what it does is very simple.

It scans all exchanges for the best prices and it updates all the time.

So when you invest on Changelly, you are indirectly buying the coins from other platforms, without the need to sign up.

But you still get the best price for BTC on the market.

United Kindom is one of several accepted countries, as well as the national currency, pound or GBP.

Changelly is sort of a new comer but it has earned the trust from a big following of investors and this broker is growing very rapidly.

I will now give you a full step by step guide on how to purchase BTC in the United Kingdom with a credit card on Changelly.

Step 1

The first thing you want to do is to head over to Changelly.com and create an account, click here to visit the exchange.

This only takes a moment.

Once you are done creating your account you need to verify your ID.

This is also done in a flash, keep your ID-card ready at hands.

Driver’s licens, pass port, or international ID will work.

After you’ve sent the documents, the Changelly staff will review them.

Next up, how to buy.

Step 2

On the first page of Changelly.com click the Buy option in the exchange window.

how to buy bitcoin in uk with credit card

Type in the amount of GBP or pound you want to spend.

Choose United Kingdom as country of residence and then click Buy BTC now.

Step 3

After you click Buy now you will get redirected to the payment page where Changelly will show you all the offers available.

These are the cheapest price for BTC on the market.

To the right you can see the top offer and the cheapest price for BTC available.

To the left you have the option to choose which credit card you want to use.

Choose credit card and then click Buy now.

Step 4

Next up, enter your BTC walllet address where you want to receive the coins.

After you’ve entered the wallet address, click Go to payment.

Now, enter your card details and click Buy now.

Congrats!

That’s the best way to invest in BTC in the United Kingdom with a credit card.

How to Buy Bitcoin in UK with Debit Card – Guide

Visit Exchange

Where to buy bitcoin in UK with debit card?

Here I would recommend BTC exchange Cex.io.

It’s a trusted player in the game and was founded back in 2013 with over 3 million registered users up to date.

Cex.io is extremely customer-oriented and take pride in great customer support and a super easy to use interface.

If you are living in the UK and looking for a provider that accepts debit cards, don’t look any further.

Cex.io often has promotions for people living in the UK where you get 50% off on crypto purchases with a debit card.

Safety is a priority on Cex.io and since the inception of the company there has been not hacks or thefts on the platform, 0% of customer funds has ever been compromised.

That’s a great track record!

I will now give you a full step by step guide on how to purchase BTC on Cex.io with a debit card for anyone living in the United Kingdom.

Step 1

The first thing you need to do is to head over to the website and create an account, click here to visit Cex.io

After this you should verify your identity since you are going to use a bank card.

This only takes a moment.

After the team has verified your ID you are ready to start buying.

Step 2

On the first page, click the BUY/SELL button in the top left corner.

how to buy bitcoin in uk with debit card

This will take you to their offer page.

Here you can either pick a predetermined amount or choose your own amount to the right.

After you have chosen your amount, click BUY.

Step 3

Next, all you need to do is to enter your card details and click proceed.

https://gyazo.com/92e91b898840efa4adea3ecfb5f0e352

After you click proceed you will get to veriy the purchase and then click Buy.

That’s it, it’s dead simple.

This is how to invest in BTC with debit card.

If you have any questions during the process, make sure to contact the customer support.

How to Buy Bitcoin in UK with PayPal – Guide

How to Buy Bitcoin in UK with PayPal

Visit Exchange

Here your best option is for sure Paxful.

This exchange has over 300 payment options and they are specialists in BTC transactions.

With nearly 5 million happy customers you can rest a sure that you will get a good experience from Paxful.

They operate in a very interesting way where other investors can sell their BTC on the exchange where they choose their own rates.

So sellers are competing to put out the best offer on the market.

The best part is that it’s free to purchase BTC with PayPal on Paxful.

Not many other exchanges can say that about their business, and this is why they have become so popular.

Below follows a step by step guide on how to invest in BTC in United Kingdom with PayPal.

Step 1

The first thing you need to do on Paxful is to create an account with your email address.

Click here to get started.

When your account is setup, head over to account verification to identify your ID.

There is a quick guide on how to do it, but don’t worry, paxful has made it as easy and fast as possible.

When your ID is verified, you can start buying BTC with PayPal on the exchange.

Step 2

On the first page of Paxful, select the PayPal icon.

How to Buy Bitcoin in UK with PayPal

Then choose GBP as your currency and select the amount you want to buy.

Click Search for offers to continue.

Step 3

On the next page you will see all the offers from other customers.

At the top you will always find the best offer.

How to Buy Bitcoin in UK with PayPal

To the left you can choose different offers.

To the right you will see the price for the current offer.

Once you have found the best offer, click Buy.

Step 4

Now you will get some quick information about the offer and the seller before you proceed to finalize the purchase.

How to Buy Bitcoin in UK with PayPal

Make one last double check and then click Buy now.

This will start the trade with the seller and once you have paid with PayPal you will receive your coins.

Congrats!

That’s how to invest in BTC in the United Kingdom with PayPal.

Where can I buy Bitcoin UK?

Where is the best place to buy BTC in the UK?

The best place to purchase BTC for people living in the UK is through a trusted exchange.

Here is a list of some of the most trusted sites to buy bitcoin in the UK:

  1. Changelly
  2. Paxful
  3. Phemex
  4. Coinfield
  5. BitBay
  6. Cex.io
  7. OKEx
  8. BC Bitcoin

These are all trusted and safe sites with great user-interfaces and excellent customer support.

Here you will be able to create an account, verify your ID and invest safely at a very low rate.

Depending on what payment method you want to use there are several options, including:

  • Credit Card
  • Debit Card
  • Bank Transfer
  • PayPal
  • Apple Pay
  • Wire Transfer
  • Neteller
  • Skrill
  • E-wallets

The reason these BTC platforms are great for people living in the United Kindom is that they offer you to buy and sell in GBP, or Pound.

This makes conversions very cheap.

Browse through the brokers to see which one fits your needs best.

My own experience

When it comes to buying digital assets online I’ve always used a broker with good reputation.

The reason being that cryptocurrencies are still a new and there are bound to be bad actors out there trying to make money.

Personally I prefer to use a credit card when I purchase my coins, but that’s just because it’s a lot faster.

If I’m not in a hurry with an investment I use my bank account.

My personal favorite out of all exchanges is Changelly.

It’s an instant exchange with a trading algorithm that scans other exchanges and therefore I don’t have to sign up to get the best prices of BTC or other cryptocurrencies.

I would however recommend that anyone who is entering the digital asset investment game buys a hard wallet or an offline wallet to store the coins.

In my experience this as been the safest way to store coins for sure.

I started in the crypto space before the big boom in 2017 and I know how tempting it can be to jump on the train due to the hype it brings.

I’ve taken some hits when I’ve bought irrationally, so I recommend all investors to carefully select how much they can invest beforehand.

Conclusion

This article is a guide on how to buy bitcoin in UK, with several different payment methods.

There are step by step guides for Credit Cards, Debit Cards, and PayPal.

Take your time to read through the article and make sure that you check out the best sites for buying bitcoin in the UK.

I’ve personally selected these sites thanks to very good reputations, high security, ease of use, and of course low fees for online purchases.

Depending on what payment method you are using you need to browse through some of them.

Good luck and enjoy your digital asset.

FAQs

How do I buy Bitcoin in UK?

First, you need to find a good exchange, click here to read more on BTC investment sites.
Then you create your account, verify your identification, and then purchase BTC.

What is the best site to buy Bitcoin in UK?

Here are 8 of the best sites for people living in the United Kingdom:
1. Changelly
2. Paxful
3. Phemex
4. Coinfield
5. BitBay
6. Cex.io
7. OKEx
8. BC Bitcoin

Is Bitcoin legal in UK?

There are no real regulations yet on cryptocurrencies in the United Kingdom. However, it’s not illegal to buy and sell digital assets. The FCA is only highlighting the risks involved with investing in cryptocurrencies.

What is the safest Bitcoin site?

One of the safest sites today is Coinbase.
Coinbase is registered as a Money Transmission Service with very high security.

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