The webs most detailed BC Bitcoin review: This UK-based cryptocurrency broker is offering its clients to buy, sell, and swap cryptocurrencies. It is being promoted as UK’s most trusted broker. Our expert wanted to know more so he started digging. Keep reading to see what he found out.
Why BC Bitcoin
In this section of our BC Bitcoin review we highlight 6 special features that deserves extra attention.
About BC Bitcoin
BC Bitcoin is a cryptocurrency broker with a temporary regulation with the FCA in the United Kingdom. The operating company behind this broker is called J & M Trading Limited and is registered at High Road Broxbourne, Broxbourne, Hertfordshire EN10 7BN, Great Britain.
It is a rather small operation with roughly 6-10 employees. The regulation from the FCA and the OTC desk makes it an attractive platform to use for all UK-based cryptocurrency investors.
Why use BC Bitcoin
If you live in the United Kingdom and are looking for a trustworthy local crypto broker you will definitely like BC Bitcoin. It is not a very difficult broker to understand and the features are limited to buying, selling, and swapping cryptocurrencies.
If you like in the UK you will have priority on deposits and withdrawals as the locals have an easier way with payment providers and banks. Another thing that you might find interesting is the fact that BC Bitcoin is not very up-to-date with looks or extra features. What you see is what you get and it’s a good package with high security.
Trading on BC Bitcoin
There is no active trading on BC Bitcoin. The closest thing you get is the coin swap page where you can exchange crypto to crypto.
Payment methods and limits
VISA, Mastercard, and Bank Transfers are available on BC Bitcoin. Limits are very high and if you are a very large trader you can always ask for the upper limit level and have it increased. If you ask for this you need to send in further KYC-documents to pass.
Things we don’t like
The fees for exchanging crypto to crypto are way too high. There is a 3-5% fee for making a simple swap. The credit card and debit card fees have an extra 2% fee on top of the currency 4-5% deposit fee. This is a little bit too much in my opinion.
Also, the platform looks a little bit old to me but that’s not a bad thing as long as the site runs smoothly which seems to be the case here. I would like to see some more payment providers such as PayPal for example since the broker is based in the UK. Other than that I can’t point out anything special since the broker is not offering that much.
About the special features on BC Bitcoin
This broker is not packed with all that extra you might see on the regular modern cryptocurrency trading platforms nowadays. This broker offers a stable and secure way of buying, selling, and exchanging cryptocurrencies with high limits for UK based and European crypto investors. It’s very beginner friendly which might be a good thing if you don’t have a lot of online experience and cryptocurrency knowledge.
Great customer support
I am very impressed with the speed and accuracy of the live chat. The person in the live chat doesn’t have a name but he or she is helping me like never before. All questions answered within the minute including links to find more information. There is also a phone number if you would like to do it the old way and talk to an actual person about your issues. Well done BC Bitcoin, this is how you take care of your customers!
You can buy cryptocurrencies with credit cards, debit cards, and through bank transfers in a safe manner thanks to the regulation with the FCA. If this is what you are looking for and you are living in the UK you will be very happy to see that this is a trustworthy local broker.
An easy way to swap from bitcoin to altcoin if you find another investment opportunity. Head over to the coin swap page and follow the 3 step process. Remember, BC Bitcoin doesn’t offer any cryptocurrency wallets on the platform and you are completely responsible for anything that happens with the coins once they have landed in your wallet.
When I was talking to the live chat the person said that there are very high limits but if you are a really big investor you might hit the cealing. If this is the case, there are ways of increasing your limits by sending in more KYC-documents to prove your wealth. Talk to a representative in the live chat and they will help you out.
Is BC Bitcoin safe?
BC Bitcoin has received an excellent rating on Tradingbrowser. This means that we consider this as a safe site to use. It’s still a pretty new platform and we don’t have a lot of information from customers.
Is BC Bitcoin regulated?
Yes, BC Bitcoin is regulated under the FCA with a temporary regulation.
Frequently asked questions
Read the most frequently asked questions about BC Bitcoin. Find answers without searching the web.
The company behind this operation is called J & M Trading Limited and is based in the United Kingdom.
So far, we haven't heard anything bad about this crypto broker and have our excellent rating due to its current reputation and regulation.
First, create an account, then head over to the BUY COINS page and select your cryptocurrency. Then select your preferred fiat payment method and follow the instructions. The smallest amount for fiat purchases is $250. Keep in mind that you need to send in your KYC documents before depositing fiat currency.
It's very easy. Head over to the SELL COINS page and select the cryptocurrency you want to sell and also the amount. Click Next and follow the instructions.
The standard exchange fee from crypto to crypto is 3-5%. The fiat deposit fee is 4% and if you use a credit or debit card there is an additional 2% fee.