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PRESS RELEASE




HOW TO BUY BITCOIN UK SAFELY 2022

Published: Jan. 15, 2022 at 1:54 a.m. ET

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The MarketWatch News Department was not involved in the creation of this
content.

Jan 15, 2022 (Vehement Media via COMTEX) -- Not only can you now buy Bitcoin in
the UK in a matter of minutes – but through an online broker that is licensed by
the FCA.

Plus, you can instantly pay for your purchase when using a UK-issued debit or
credit card – so the process can be completed with ease even if you are a
beginner.


Advertisement

In this article, we'll walk you through the simple process of how to buy Bitcoin
in the UK both safely and cost-effectively.

How to Buy Bitcoin UK – Quick Steps

If you're looking to buy Bitcoin in the UK right now – follow the steps below to
complete your purchase at FCA-regulated broker eToro.


 * Step 1: Open an account with eToro – Visit the eToro website, click on the
   'Join Now' button, and follow the on-screen prompts to open an account.
 * Step 2: Deposit Funds – You will need to deposit at least $10 and you can
   choose from a debit/credit card, bank transfer, or e-wallet.
 * Step 3: Search for Bitcoin – Look for the search box at the top of the page,
   enter 'Bitcoin' and click on the 'Trade' button.
 * Step 4: Buy Bitcoin UK – Finally, enter your stake into the 'Amount' box at a
   minimum of $10 (pound 7-ish). Click on the 'Open Trade' button to verify your
   purchase.

And that's it – you have just learned how to buy Bitcoin in the UK in less than
five minutes from start to finish. A more detailed walkthrough is provided in
the later sections of this beginners guide.

>>>Buy Bitcoin Now<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.

Where to Buy Bitcoin

It is important that you only buy Bitcoin in the UK through a reputable broker.
If you're wondering where to buy Bitcoin safely, consider one of the best UK
crypto exchanges reviewed below.



1. eToro – Best Place to Buy Bitcoin UK

eToro is an online broker that is regulated by the FCA and a number of other
financial bodies. The platform is easy to use and you only need to meet a $10
minimum when you buy Bitcoin in the UK. In terms of fees, eToro operates a
spread-only pricing model that starts at a very competitive 0.75%.

You can open an account in less than a few minutes and easily deposit funds with
a UK debit/credit card, bank transfer, or Paypal. For first-time customers, the
minimum deposit is $10. At eToro, you can also buy other popular digital
currencies – such as Ethereum, Cardano, XRP, Bitcoin Cash, and more.


Advertisement

In fact, not only can you trade cryptocurrencies at eToro, but also stocks,
ETFs, forex, and precious metals. There is also a copy trading tool that allows
you to 'copy' a successful eToro investor like-for-like. Moreover, eToro offers
a professionally managed portfolio that contains dozens of digital assets –
which is great for long-term passive investors interested in how to buy Bitcoin
UK.

>>>Buy Bitcoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.

2. Coinbase – Great Place to Buy Bitcoin for Newbies

You might also consider Coinbase if you want to buy Bitcoin in the UK with a
debit or credit card. The fees charged by this best UK crypto exchange are on
the high side, with debit/credit card transactions attracting a commission of
3.99%. You can also deposit funds via a UK bank transfer, but typically, this
takes 2-3 days to process.

In addition to deposit fees, Coinbase also charges a standard commission of
1.49%. Much like eToro, Coinbase offers a wide selection of alternative digital
currencies that you can buy in addition to Bitcoin. You can also download the
Coinbase app if you wish to trade on the move. In terms of safety, Coinbase
offers plenty of internal controls to keep your Bitcoin safe.


Advertisement

>>>Buy Bitcoin on Coinbase<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.

3. Mode – Secure Place to Buy Bitcoin in the UK

Mode is also the best app to buy Bitcoin uk. The platform operates an app-only
service, which means you will not be able to access your account via a desktop
device. Nevertheless, the Mode app – which is compatible with both iOS and
Android smartphones, is free to download.

Once you have registered, you need to upload some ID before you can buy Bitcoin
in the UK. As soon as your ID has been verified, you can deposit funds via a UK
bank transfer. Fees here are more competitive than Coinbase at 0.99% per slide,
but less attractive than the spread-only model offered by eToro.

Ways of Buying Bitcoin

There are several ways to buy cryptocurrency UK with the most popular options
discussed in the sections below.


Advertisement

Buying Bitcoin with Paypal

Many UK crypto enthusiasts want to know how to buy Bitcoin with PayPal in 2022.
eToro is the only online broker that we came across that allows you to buy
Bitcoin in the UK with Paypal. You simply need to log into your Paypal account
when prompted and choose your preferred source of payment. A deposit fee of just
0.5% applies when using Paypal at eToro.

Buying Bitcoin with Credit or Debit Card

The vast majority of users in the UK will look to buy cryptocurrency UK with a
credit or debit card. The deposit process works much the same as paying for any
other product or service online, insofar that you simply need to enter your
credit/debit card details.

And, when using this payment method at a broker like eToro, you will only pay
0.5% in fees. Coinbase charges 3.99% for the same transaction while Mode doesn't
support credit/debit cards at all.

Buy Bitcoin with Neteller or Skrill

If you want to buy Bitcoin online with Neteller or Skrill, once again, you can
complete the process with eToro. You will first need to use your desired
e-wallet to make a deposit and you can then allocate the funds to buy Bitcoin.


Advertisement

>>>Buy Bitcoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.

Why Buy Bitcoin?

Although Bitcoin is both speculative and volatile, this hasn't stopped millions
of people in the UK and overseas investing in the digital asset.

Some of the main reasons why people buy Bitcoin in the UK are briefly discussed
below.

Huge Gains

Bitcoin has generated huge returns since it was launched in 2009. Back then, a
single token was priced at less than pounds 0.01. Fast forward to 2022 and you
will now need to fork out tens of thousands of pounds to purchase a full
Bitcoin.

Over the prior one and five years, the price of Bitcoin has increased by over
57% and 5,200%, respectively. This outpaces traditional stocks and index funds
by a significant amount.


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Fractional Investment

Although Bitcoin trades for thousands of pounds, you don't need to buy a full
token. On the contrary, many online brokers allow you to invest from just a few
pounds – as you will be buying a small fraction of one Bitcoin.

At eToro, for instance, the minimum investment per trade is just $10 – which
amounts to about pounds 7.

Highly Liquid

Bitcoin now operates in a trillion-dollar market. And as such, you can buy and
sell Bitcoin with ease 24 hours per day, 7 days per week.

You will never struggle to find liquidity when selling Bitcoin, which means that
you are investing in a highly liquid asset. Therefore, you can cash out your
Bitcoin investment whenever you see fit.

>>>Buy Bitcoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.


Advertisement

Bitcoin Price

Like all tradable financial instruments, the Bitcoin price fluctuates throughout
the day. Bitcoin price movements can be super volatile too – which gains or
losses of over 10% in a 24 hour period are still not uncommon.

As of writing, the highest price that Bitcoin has achieved is just under $69,000
– which at current exchange rates, amounts to about pounds 51,000.

Bitcoin Price Prediction

It can be tempting to search the internet for Bitcoin price predictions –
especially if you have already made an investment. However, rarely are the
Bitcoin price predictions that you find online credible.

The good news, however, is that Bitcoin is a finite asset – not least because
there will never be more than 21 million tokens in circulation.

Therefore – and much like gold, the general consensus by many market
commentators is that over the course of time – the value of Bitcoin will
continue to appreciate.

>>>Buy Bitcoin on eToro<<<


Advertisement

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.

How to Buy Bitcoin in the UK – Tutorial

If you're ready to learn how to buy Bitcoin in the UK right now – the sections
below will walk you through the required process step-by-step.

In following our simple tutorial – you will be able to buy Bitcoin via top-rated
FCA-regulated broker eToro in less than five minutes.

Step 1: Open Account

First, you will need to register an account with eToro. This entails telling
eToro who you are – so you will need to enter some personal information and
contact details.

In addition to providing your national insurance number, you also need to choose
a username and password. Finally, verify your UK mobile number by entering the
code that eToro sends you via a text message.

Step 2: ID Verification


Advertisement

As eToro is authorized and regulated not only by the FCA – but with licensing
bodies in Australia, the US, and Cyprus, you will be required to pass a quick
verification process.

This will require you to upload two documents – which will be verified
instantly. First, this covers proof of ID such as a passport or driver's
license. Second, for proof of address, upload a recently issued bank account
statement or utility bill.

Step 3: Deposit Funds

The next step is to deposit some money into your newly created eToro account.
First, The minimum deposit for new clients at eToro is $10.

Second, you can choose from a variety of supported payment methods. To have your
deposit processed instantly, select from a debit/credit card or e-wallet.

If you're happy to wait a couple of days for the funds to clear, you can also
transfer funds from your UK bank account.

Step 4: Search for Bitcoin

At the top of the page, enter 'Bitcoin' into the search box. When you see the
digital asset appear, click on the 'Trade' button.


Advertisement

This will then display an order box.

Step 5: Buy Bitcoin UK

As you can see from the image below, you will need to enter your investment size
into the 'Amount' box.

>>>Buy Bitcoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection.

In our example, we are looking to invest $50 into Bitcoin. You can, however,
enter any amount from $10. This means you can buy cryptocurrency UK with as
little as $10 on a fully regulated and trusted crypto trading platform.

Finally, click on 'Open Trade' to buy Bitcoin in the UK on a spread-only basis.

Conclusion

This article has explained the process of how to buy Bitcoin in the UK with a
safe and low-cost broker. In choosing eToro to invest in this popular digital
asset, you are using a broker that is licensed by the FCA.


Advertisement

Furthermore, you can open an account in less than five minutes and easily
deposit funds with a UK debit/credit card, bank account, or even an e-wallet
like Paypal. Best of all, this trusted broker requires a minimum Bitcoin
purchase of just $10 – or about pounds 7. As such, we believe the best way to
buy Bitcoin is through eToro.

>>>Buy Bitcoin on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU
investor protection. Your capital is at risk. Additionally, 68% of retail
investor accounts lose money when trading CFDs with this provider. You should
consider whether you can afford to take the high risk of losing your money.

FAQs

How do I buy Bitcoin in the UK?

The safest way to buy Bitcoin UK is to use an online broker that is authorized
and licensed by the FCA. We recommend using eToro as it supports 43 different
cryptos including Ethereum, XRP, Dogecoin, and more. Moreover, you can diversify
your crypto portfolio with a minimum investment of just $10 with tight spreads.


Advertisement

Should I buy Bitcoin?

Many market commentators believe that Bitcoin could surpass $100,000 by the end
of 2022. However, this asset class is super volatile – so be sure to consider
the risks before proceeding.

How do I buy Bitcoin with Paypal?

We found that eToro is the best place to buy Bitcoin with Paypal – as you will
only pay a deposit fee of 0.5%. Plus, your deposit will be processed instantly.

What is the cheapest way to buy Bitcoin?

The cheapest way to buy Bitcoin in the UK is to use a low-cost brokerage that is
regulated by the FCA. Irrespective of whether you use a debit/credit card,
e-wallet, or bank transfer – eToro charges just 0.5% to deposit funds. You can
then invest on a spread-only basis.

How much is one Bitcoin?

The price of Bitcoin fluctuates on a second-by-second basis. In the 52 weeks
prior to writing, Bitcoin has hit highs and lows of almost $68,000 and $29,000
respectively.

Is buying Bitcoin safe?

If you're using an FCA regulated broker such as eToro, buying Bitcoin is
completely safe. Moreover, eToro also offers its proprietary Money Crypto Wallet
for a secure way to HODL (buy and hold) your cryptocurrencies.



COMTEX_400558175/2748/2022-01-15T01:54:21

Is there a problem with this press release? Contact the source provider Comtex
at editorial@comtex.com. You can also contact MarketWatch Customer Service via
our Customer Center.



The MarketWatch News Department was not involved in the creation of this
content.


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