{"id":1748,"date":"2021-12-15T22:51:09","date_gmt":"2021-12-15T22:51:09","guid":{"rendered":"https:\/\/tradingplatforms.com\/uk\/?page_id=1748"},"modified":"2023-12-29T09:07:56","modified_gmt":"2023-12-29T09:07:56","slug":"buy-bitcoin","status":"publish","type":"page","link":"https:\/\/tradingplatforms.com\/uk\/cryptocurrency\/buy-bitcoin\/","title":{"rendered":"Where to Buy Bitcoin UK in May 2025 \u2013 Beginner\u2019s Guide"},"content":{"rendered":"
Don\u2019t invest unless you\u2019re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more<\/a><\/strong><\/p>\n<\/div><\/div>\n Due to the extreme levels of growth that cryptocurrencies such as Bitcoin have seen in the recent past, more and more people are wondering about how they can invest in Bitcoins through the UK. The process is now simple, and all you need to do is find a good online broker that offers competitive fees, deposit some funds with a debit\/credit card and decide how much you wish to invest.<\/p>\n In fact, some platforms allow you to buy just $25 worth of Bitcoin \u2013 which is about \u00a318. But many people in the UK still haven\u2019t invested in Bitcoin because they simply don\u2019t understand how this innovative technology works, read on for our full guide to buy bitcoin UK<\/strong>.<\/p>\n Below is an overview of how to use Coinbase to buy Bitcoin in the UK.<\/p>\n Trading through Coinbase, you can either place simple orders on the original Coinbase platform. However, If you wish to place specific order types or perform advanced technical analysis, then you will have to use the Coinbase Pro platform, which is also available to all the users. Coinbase has made cryptocurrency trading accessible to a variety of retail traders, and despite the inherent volatility and risk associated with investing in crypto, investors and traders alike prefer the platform for its ease of use. If you\u2019re into cryptocurrencies and wish to trade Bitcoin in the UK, Coinbase is an excellent option for both beginners and veterans.<\/p>\n Your money is at risk.<\/i><\/p>\n The safety and security features that Kraken provides are also among the very best in the industry, and the platform allows traders to even trade on futures of cryptocurrencies, a change from most other platforms in this list. In addition to this, it is quite easy to get started with and allows users to trade on high margins depending on the currency they wish to trade. For example, you can trade BTC through Kraken with leverage as high as 10x.<\/p>\n Your money is at risk.<\/em><\/p>\n OKX is a popular platform that is available in over 100 countries around the world. The platform is appealing because it charges very low fees and provides traders with the opportunity to earn passive income from their assets via staking or lending. As well as Bitcoin, there are over 250 different coins available on the OKX platform.<\/p>\n If you are limited for time, OKX also offers algorithmic trading which will automatically execute Bitcoin trades on your behalf. This is appealing to those who don\u2019t want to spend hours conducting research and placing trades.<\/p>\n OKX also offers P2P trading which cuts out any third party, making transactions faster and more efficient. OKX is decentralized and built on the native OKExCahin. Decentralized exchanges are popular amongst traders who value autonomy and fast transaction speeds.<\/p>\n The minimum deposit for OKX is $100 and the platform accepts a variety of payment methods. The registration process takes less than 10 minutes which means you could start trading Bitcoin today! Your money is at risk.<\/i><\/p>\n Binance<\/a> The fee structure of Binance is such that while the platform charges quite high non-trading fees in terms of withdrawals, their trading fees are among the lowest in the industry. The platform\u2019s fees are as low as 0.1% of the value of the trade, but it can be even lower if you have an allocation of the Binance Coin (BNB). Since the platform specializes in cryptocurrency trading, they have a variety of tools and charting methods that are specific to crypto, which explains why Binance is preferred by professional crypto traders.<\/p>\n As a UK cryptocurrency exchange<\/a> and online financial services company, Huobi is based in Singapore. Huobi offers users a means of acquiring initial coin offerings (ICOs) before they become mainstream, as well as an opportunity to trade in Bitcoin, Ethereum, and XRP. Hong Kong is the birthplace of Huobi, but the company was founded in Beijing, China. China barred cryptocurrency exchanges from participating in the crypto market in 2017 after the government expelled three exchanges.<\/p>\n In neighboring Singapore, crypto laws are more friendly, so the company moved there later. It\u2019s no secret that Huobi is the world\u2019s largest crypto exchange today, supporting more than 355 cryptoassets. There are 130 countries represented on the platform, and the platform boasts over 5 million active users. According to Coinmarketcap, Huobi ranks third among the top cryptocurrency exchanges based on its daily trading volume. Another prominent exchange on the list is Coinbase, followed by Bithumb.<\/p>\n Huobi\u2019s popularity is rooted in the fact that it is a platform that is accessible to both seasoned and new traders.<\/p>\n At the click of a button, you should be able to complete your account setup in about two minutes, and you should have no trouble with this process at all.<\/p>\n There have not been any security breaches on the Huobi platform since it launched its company wallets. In order to achieve such an enviable record and maintain it for such a long time, there have been several security protocols adhered to. Furthermore, since Huobi\u2019s crypto funds are kept in an off-chain cold storage facility, the bad actors have no way of getting their hands on these funds, as they are not shown on Huobi\u2019s public blockchain. This makes hacking them impossible.<\/p>\n Your money is at risk.<\/i><\/p>\n Bitcoin (BTC)<\/a> is a highly speculative asset that is the leading cryptocurrency in the world. It is important for you to completely understand what Bitcoin is and how it works before you begin investing in it. It was launched as a digital currency in 2009 by an unknown developer known as Satoshi Nakamoto, who is also credited with creating the technology that has resulted in the popularity and scalability of Bitcoins. The concept of Bitcoin rests on the fact that it is not owned by any single person, organisation, or central bank. Instead, it is a decentralised currency, and as such is free from manipulation<\/p>\n This means that unlike traditional fiat currencies \u2013 like the British pound or US dollar \u2013 Bitcoin cannot be manipulated or printed. Instead, a new Bitcoin is created by code every 10 minutes. This will incur continuously until the digital currency reaches 25 million Bitcoin \u2013 which is expected to happen in 2140. By holding Bitcoin, you can transfer your coins to another user. However, the vast majority of people that buy Bitcoin UK do so as an investment vehicle. That is to say, they hope that the value of Bitcoin will increase over the course of time, and thus \u2013 they cash out at a much higher price.<\/p>\n As we noted above, the vast bulk of people buy Bitcoin in the UK as an investment. Make no mistake about it \u2013 it is a high-risk investment at that, not least because the price of Bitcoin is super-volatile. If you had invested just \u00a3100 in Bitcoin back in 2009, your investment would now be worth over \u00a3400 million! More recently, had you bought Bitcoin in March 2020 \u2013 you would have paid around $5,000. Just a year later, Bitcoin\u2019s price had increased by a factor of 10! By comparison, the FTSE 100 is worth less now than it was 5 years ago. This potential for huge quick gains has made BTC a very attractive asset for speculators. Bitcoin\u2019s growth far outpaces almost every other traditional asset class, like stocks, bonds, and even real estate. So, if you\u2019re looking to get an ultra-high return on your investment, Bitcoin is one of the best assets to consider.<\/p>\n An additional factor that many newbie investors in the UK are unaware of is that Bitcoin is a finite asset class like gold<\/a>. As noted earlier, this is because there will only ever be 21 million Bitcoin in circulation. In theory, this means that over the course of time, the value of Bitcoin should continue to rise indefinitely. For example, when you invest in stocks, the respective company has the ability to issue new shares. When it does, this dilutes your investment, as there are more shareholders in circulation. Once again, this isn\u2019t possible with Bitcoin and its underlying blockchain technology.<\/p>\n In addition to this, as Bitcoin is a digital currency it can easily be \u2018fractionalized\u2019. This means that you can buy a fraction of 1 Bitcoin. In fact, Bitcoin can be broken down to 0.00000001 \u2013 meaning a $50,000 coin turns into just a few cents. However, the minimum amount of Bitcoin that you can buy in the UK will be dependent on your choice of brokerage site. Coinbase, for example, allows you to invest just $1. This is crucial, as Bitcoin is speculative and volatile \u2013 so you\u2019ll likely want to start off with smaller amounts before you understand how things work.<\/p>\n At the time of writing in early December 2021, a single Bitcoin trades for around $47,351. With that said, it is important to understand that like any other tradable asset \u2013 the Bitcoin price will change throughout the day. It is also important to remember that Bitcoin \u2013 like all cryptocurrencies, operates in a highly speculative and volatile arena. However, as we have seen with many other hyped-up crypto assets, what goes up can often come crashing straight back down \u2013 and quickly. As such, if you are wondering how to buy BTC in the safest way possible, make sure you keep your stakes modest.<\/p>\n As far as investing in Bitcoins is concerned, there are no guarantees. Even though it has more use cases than most other cryptocurrencies such as Ethereum<\/a> and Shiba, it does not mean that it will perform better than these, because, by definition, cryptocurrencies are a highly speculative asset class. Bitcoin will definitely still struggle to reach its all-time highs again soon, especially given the fact that blockchain technology is expanding every day and it is very difficult to be able to say when another cryptocurrency that is more energy-efficient and technologically advanced than Bitcoin will be launched, making it redundant and thereby dropping its prices.<\/p>\n Investing in anonymous projects like BTC also presents distinct security risks since a critical flaw in the code may allow the developers to steal cryptocurrency from investors by scamming them. Unfortunately, in the wild west that is DeFi, some scams are causing users to lose millions of dollars with increasing frequency. If experienced code auditors had access to the code, this possibility could be ruled out, but the Bitcoin network hasn\u2019t yet been audited so that they couldn\u2019t do this.<\/p>\n Your money is at risk.<\/em><\/p>\n As such, cryptocurrencies have a strong community function as opposed to their utility. Because of this, the success and growth of the community are pivotal in determining how successful they are, explains Boneparth, who has been investing in cryptocurrencies since 2014. However, there is still an inherently high degree of risk associated with investing in digital currencies, as experts warn that there is a higher chance that you will lose your money. Authorities generally recommend that you should only invest what you can afford to lose regardless of which cryptocurrency you choose<\/p>\n Bitcoin was created in 2009 to serve as a peer-to-peer electronic cash system. In addition to its blockchain, the company has carefully designed an ecosystem to support the blockchain. Using the fact that Bitcoins are a limited supply allows for a certain amount of built-in scarcity through the design. The fact that it can be used for this purpose makes it such a valuable investment for its holders, with the hope that it will be recognized as a prominent decentralized digital currency. However, all this rests on the central assumption that Bitcoins will still be out and about over the long run, which is not an assumption heavily rooted in fact.<\/p>\n While this is true, Brett Harrison, president of cryptocurrency exchange FTX US, warns that \u201ccryptocurrencies can be extremely risky, and may not always have inherent value as investments, and that individual retail investor should always conduct research and diligence before trading these assets.\u201d Harrison looks for assets that offer specific utility rather than investing in a booming cryptocurrency based on hype to make money from crypto-assets.<\/p>\n Crypto assets are a growing area of interest for investors. They provide a store of value, facilitate an efficient mechanism for the transfer of funds, or serve as an algorithm that enables the construction of blockchain-based applications, writes Marcus. He says many assets can be suitable for retail users. However, a degree of caution should always be exercised whenever you decide to invest in digital currencies, especially given the unique nature of BTC, which makes it much harder for investors and speculators to be able to accurately price in the technology associated with BTC.<\/p>\n Depending on what platform you are trading through, the process of selling Bitcoins will be very straightforward. For example, you can simply head over to your portfolio on Coinbase and click on sell. After selecting the amount and the type of order you wish to place, then the next step for you is to simply click on place order and this will result in your cryptocurrencies being converted into the fiat currency that you use to operate your platform. On the other hand, if you are using a sole cryptocurrency exchange, then you will have other options too. For example, you might wish to convert your BTC into other cryptocurrencies such as Cardano, Etheruem, or Binance Coin, alongside a variety of fiat currencies. Once you have done this, these cryptocurrencies will then be stored in your wallet on the platform.<\/p>\n It\u2019s difficult to say with any certainty where the price of Bitcoin could be headed next. On the one hand, experts have agreed that Bitcoin is not a short-lived fad. The cryptocurrency is used around the world and has proven at least as durable as traditional financial systems. In addition, many companies now accept Bitcoin for payment and a number of banks and financial firms are working on ways to offer Bitcoin-based transactions. So, over the long term, the price of Bitcoin could continue to rise. Supply is ultimately limited thanks to the cap of 21 million Bitcoin that can ever be mined, and demand will only increase if financial institutions make it easier for everyday people to use Bitcoin alongside fiat currency.<\/p>\n On the other hand, the short-term outlook for Bitcoin\u2019s price is difficult to predict. The cryptocurrency has been on a meteoric rise in the past year, and it\u2019s not clear that current prices can be sustained throughout 2025. So, the most likely scenario for the remainder of 2021 and going into 2025 is that Bitcoin enters a holding pattern around the $50,000 level. The price of the coin could fluctuate by 10% or more \u2013 Bitcoin remains extremely volatile, after all \u2013 but the rest of the year could represent a period of consolidation after all the recent gains.<\/p>\n Your money is at risk.<\/em><\/p>\n Over the past few years, there have been many, many Bitcoin scandals. Whether that\u2019s cryptocurrency exchanges getting hacked for millions of dollars worth of coins or Bitcoin-related Ponzi Schemes, a small minority of this industry are nothing short of unsavoury. With this in mind, it is absolutely fundamental that you know how to buy Bitcoin UK safely. In fact, the best thing to do would be to make sure that you only use a licensed platform.<\/p>\n In order to assist you with trading BTC, here is a list of steps that you need to follow in order to begin trading cryptos on Coinbase. The process of opening an account and trading on Coinbase involves 4 main steps.<\/p>\n The first thing that you need to do is to navigate to the Coinbase homepage and click on \u201ccreate account\u201d. Then, you will be asked to fill a short form that asks for your contact details and makes you set up your login credentials. Alternatively, you can also sign up via your Facebook or Google account for easier sign-ins and to avoid having to remember your username and password.<\/p>\nHow To Buy Bitcoin in the UK on Coinbase<\/h2>\n
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1. Coinbase \u2013 The Best Bitcoin Trading Platform for Beginners<\/h3>\n
<\/a>Coinbase is one of the largest cryptocurrency exchanges in the world, through which you can trade currencies such as Bitcoin, Ethereum, and Cardano. It is incredibly popular among retail traders, with over 73 million users trading through Coinbase<\/a>, which has more than $255 billion in assets under management.<\/p>\n
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3. Kraken \u2013 One of The Largest Cryptocurrency Exchanges to Trade Bitcoin UK<\/h3>\n
<\/a>Kraken<\/a> is widely known as one of the oldest and largest cryptocurrency exchanges ever since it was founded in 2011. Its Bitcoin trading platform was launched in 2013, and since then, it has garnered over 4 million users in a variety of countries over the world. It offers the ability to trade up to 66 different cryptocurrencies through the platform, in addition to providing the option to stake them. One of the standout features of Kraken is the fact the exchange is regulated as a Money Service Business (MBS) by FinCEN in the USA and FINTRAC in Canada. Some of its affiliated businesses are also regulated by the UK FCA, Australia\u2019s AUSTRAC, and Japan\u2019s FSA.<\/p>\n
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4. OKX
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\n5. Binance<\/h3>\n
<\/a> is the platform of choice for most professional day traders, and it is certainly not difficult to see why they prefer it. For starters, few platforms boast a cryptocurrency selection as diverse as the one Binance has. Several coins are launched on the platform every month, and no matter what coin you wish to trade on, you can do so through Binance. if you\u2019re a Bitcoin trader, then this is even better news for you, because you can exchange Bitcoins for almost every cryptocurrency that the platform offers. You never have to worry about whether or not your orders will get fulfilled, since the platform manages billions of dollars in trading volume every day.
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6. Huobi \u2013 The World Largest Crypto Exchange To Buy Bitcoin
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What is Bitcoin?<\/h2>\n
Why Buy Bitcoin?<\/h2>\n
How Much Does It Cost to Buy Bitcoin?<\/h2>\n
Buying Bitcoin Safely<\/h2>\n
Risks of Buying Bitcoin<\/h2>\n
Selling Bitcoin<\/h2>\n
Bitcoin Price Forecast<\/h2>\n
Where to Buy Bitcoin<\/h2>\n
How to Buy Bitcoin from Coinbase<\/h2>\n
Step 1: Open an Account<\/h3>\n
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