The methods of buying Bitcoin in the UK are very simple. You have various choices from which you can choose. There are various firms that can easily convert your cash to any cryptocurrency or to be specific the Bitcoin. There are various destinations for the purchase of Bitcoin but the UK remains one of the leading platforms to make the transactions. First of all, the point which should be in mind is that you should have an active bank account for most of the transactions to be successful. While there are other firms that can also accept the flat cash also.
The price of Bitcoin when you buy it is very important. The prices go up and down continuously so you should choose wisely as to when to purchase and where to purchase. There are various firms that are established and reputed in the UK. We have listed the most trusted and the biggest Bitcoin wallets in the UK that will make your purchase a cakewalk.
Coinbase is one of the most famous and trusted firms for Bitcoin purchases all over the world and you can buy it in the UK by its genuine interface. Most of the platforms nowadays have top-tier security. You first need to link your account to the KYC and with legal documents in order to get verified and start the transaction for the purchase of Bitcoins. The Coin Base has various means for the transfer of amounts ranging from debit cards, credit cards, and bank transfers also.
Coinbase has an interest of 3.33 percent on every transaction via debit or credit cards. The interest may differ from wallet to wallet. If you are purchasing the Bitcoin via a card then you need to go to the dashboard and look for the option of sell or buy in order to complete the transaction. The moment you complete the transaction the amount will be displayed on your coin base wallet. From there you can start the trade of Bitcoins.
CEX.io is also one of the big names in the cryptocurrency market in the UK. You can purchase Bitcoins via bank transfers or using a debit or credit card. First of all, you need to create an account in it and do the KYC in order to initiate the process for the transactions to be accomplished. There are many Cryptocurrencies the CEX.io supports.
It has different security levels that you need to check before trading. Once the KYC and the linking of the account is done you need to upload a photo of yourself holding the credit or the debit cards in your hands. Notice that the number of the card should be visible. You also need to upload your ID which should be attached next to the credit card photo and then upload it simultaneously to complete the verification process.
Once you complete the verification process and suppose you got the clearance to trade, and then you can now start the purchase of the Bitcoin. When you make the transaction to buy the Bitcoin, it will be shown on the CEX.io wallet from where you can move it to wherever you want to.
Coinmama came up with a different strategy and approach when it comes to buying Bitcoin in the UK. It is not actually an exchange process and would directly transfer the Bitcoin to your own wallet.
This is not for a newcomer. When you are new to this you should go for the exchange process in which the Bitcoin will be stored for you until you want to move it to your own hardware. But if you have the wallet hardware and also know how to use the wallets, then this is a very good way to deal with the purchase of Bitcoins in the UK. It also helps the client to buy the Bitcoin from the debit and the credit card by a KYC.
Once you are done with the verification process including the account creation and the linking, you can make the transaction and the Bitcoins will directly appear in your desired hardware wallet which is assigned by you. Coinmama may take 6 to 7 days to check and verify the documents and have an interest of 5% over the purchases.
4. Binance Jersey
It is very helpful for those people who want to make quick bank transfers and buy Bitcoin in an efficient way. Basically, the Binance Jersey is a part of the well-known and repeated Binance. The Binance Jersey is especially for the citizens of the UK.
The process and the transactions of the Binance Jersey are also very easy. It has a similar process to the other firms. You need to make an account and add your verification ID but unlike others, the Binance Jersey is very swift in verification and approves your account in an hour.
Once you have created the account you can go to the deposit section and then to the deposits. From there you can navigate to initiate the purchases.
Changelly as the name suggests is one of the easiest ways to buy Bitcoins as well as exchange Cryptocurrencies. It also supports the options for debit and credit cards.
Following a similar process, you just need to add up an account with all the documents required and then you are good to go. In the starting Changelly has a purchase on the limits but later as the time passes after a month the restrictions are lifted and you can buy as many Bitcoins as you want.
It has a very swift interface and allows you to exchange or swap different cryptocurrencies at a lower rate as compared to other firms. It has additional features of keeping them in their own account or transferring them to any other wallet or an exchange. It has a straightforward approach that allows the citizens of the UK to buy Bitcoins with ease. Bitcoin Buyer is also one of the platforms for trading.
There are various wallets currently active in the UK via which you can make your transactions. It all depends on your need and the budget which among the several firms you want to trade with. Nevertheless, all the wallets are well reputed and provide the best possible services.