Bitcoin investing for beginners UK are a highly volatile investment area, with a history of outperformance that’s often matched only by their unpredictability. But if you’re willing to take the risk, there are plenty of ways to get started. In this article, we’ll outline the best Bitcoin investing for beginners UK, with a focus on finding regulated exchanges and brokers.

How To Buy Bitcoin In The UK

The first step is to choose a reputable cryptocurrency exchange that caters to UK residents. Make sure they’re FCA-registered and adhere to the regulator’s guidelines. Then, complete the registration and identity verification process to open an account. Once you’re funded, you can then start trading. You can either buy cryptocurrencies directly on the exchange or withdraw them to your private wallet.

Keep in mind that cryptocurrencies aren’t covered by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS). So, if anything goes wrong with your investments you won’t be protected. The only real safeguard is to use an FCA-registered broker, like eToro, which is a leading cryptocurrency trading platform with over 30 million registered users.

Once you’ve signed up to a regulated exchange or broker, it’s time to make your first transaction. To do this, link a bank account or credit card to your account, then deposit GBP into the exchange. Next, search for the cryptocurrency you want to purchase. Some platforms will list them as individual tickers, while others may use trading pairs like BTC/GBP.