How to Invest in Bitcoin in the UK
Investing in Bitcoin and other cryptocurrencies is now easier than ever. However, like any investing option, it comes with the usual risks and there is no guarantee that you’ll make money. How to invest in Bitcoin in the UK.
Thankfully, it’s also legal and safe to buy crypto in the UK. While cryptocurrencies aren’t official currencies, businesses that handle them must register with the Financial Conduct Authority (FCA).
How to Invest in Bitcoin in the UK: A Beginner’s Guide
To get started, find a reputable cryptocurrency exchange that accepts your preferred payment method. Then, choose your desired amount of crypto and complete the transaction. Most platforms charge a small fee for each trade, but some offer free trades or discounts for frequent traders.
Once you have purchased your crypto, be sure to keep it secure by storing it in an offline wallet. Many online wallets let you access your crypto through mobile apps or browsers, but for maximum security, it’s best to use a hardware wallet like the Bither or Coinbase Wallet.
Another way to invest in Bitcoin is through ETFs, which are ‘passive’ investments that track traditional stock market indices. However, ETFs that track the price of cryptocurrencies like Bitcoin are still relatively new and not yet available in the UK. Nevertheless, with the FCA starting to regulate crypto activities, it’s likely that we’ll see more of them in the future.…