How to Buy Bitcoin in the UK in 2022

Bitcoin is still a relatively new asset class in the grand scheme of things when compared to the likes of stocks, index funds, and commodities. 

Therefore, investors in the UK that are looking to gain exposure to Bitcoin can do so while this emerging digital currency is in its infancy. 

In this beginner’s guide, we explain the process of how to buy Bitcoin in the UK through an FCA-regulated broker that supports debit/credit card e-wallet payments. 

How to Buy Bitcoin UK – 4 Simple Steps

Electing to buy Bitcoin in the UK through a laptop or mobile device has never been more straightforward. 

We illustrate this point in the step-by-step guide below:

  • Open an account with eToro – To ensure safety, consider choosing an FCA-regulated broker like eToro when learning how to buy Bitcoin in the UK. It takes just two minutes to open an account. 
  • Deposit funds – Investors in the UK can deposit from just $10 at eToro – which is about £8. Most eToro customers opt for a debit/credit card or e-wallet, as the payment is processed by eToro instantly. 
  • Search for Bitcoin – Now that the eToro account is funded, look for the search box and type in ‘Bitcoin’. Click on ‘Trade’ to proceed to the final step.  
  • Buy Bitcoin UK – An order box will now appear. Type in the required investment size in the ‘Amount’ box (the minimum is just $10).

To confirm the order and subsequently buy Bitcoin in the UK, click on the ‘Open Trade’ button. eToro will then carry out the investment and add the BTC tokens to the portfolio. 

Complete beginners will potentially require a much more comprehensive walkthrough on how to buy Bitcoin in the UK. Read on for more information.

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Where to Buy Bitcoin in the UK – Best BTC Exchanges Reviewed

Bitcoin trades on hundreds of crypto exchanges and brokers. This makes the digital currency accessible to investors of all budgets in the UK. 

It is important to not only select a platform that is regulated by the FCA, but a provider offering low trading fees and support for convenient payment types like debit cards. 

To offer some insight into where to buy Bitcoin in the UK – we have compiled a list of top-rated providers. The reviews below cover all important metrics, such as regulation, fees, payments, and more. 

1. eToro – Overall Best Place to Buy Bitcoin in the UK

When going through the process of assessing where to buy Bitcoin in the UK, we found that eToro offers the overall best package for investors. This online broker is authorized and regulated by the FCA and non-crypto products are covered by the FSCS. For further regulatory oversight, eToro is also licensed in the US, Cyprus, and Australia. 

First-time Bitcoin investors in the UK will appreciate that the minimum deposit amounts to just $10. It takes just two minutes to open an account and the first-time deposit can be made instantly via a debit/credit card, PayPal, Skrill, and several other e-wallets. Investors opting to transfer funds via a UK bank account should be prepared to wait 1-2 working days. 

The minimum amount of Bitcoin that can be purchased on eToro also stands at $10. This means that investors can purchase a small fraction of a token, instead of needing to buy a Bitcoin in full. After all, Bitcoin trades for many thousands of pounds as per its ever-increasing global demand. The eToro platform offers a simple interface across both its web and mobile trading platforms. 

This will appeal to beginners that are new to trading and are looking for the best cryptos to buy right now. The Bitcoin that has been purchased on eToro will be safeguarded by the broker. This ultimately prevents the need to learn how to use crypto wallets, which can be intimidating for newbies. With that said, eToro also offers a mobile Bitcoin wallet for those that require more flexibility. 

eToro also offers other cryptocurrencies on its platform, covering over 90 tokens. Some of the most traded tokens on eToro include Ethereum, BNB, Ripple, Cardano, and EOS. There is also support for meme coins like Shiba Inu and Dogecoin, as well as metaverse tokens such as the Sandbox and Decentraland. When it comes to trading fees, eToro charges a flat rate of 1% on cryptocurrency transactions – inclusive of Bitcoin. 

eToro is a multi-asset broker, which means that it offers investment products and services in addition to Bitcoin and other new cryptocurrencies. This includes access to thousands of 0% commission stocks and ETFs from the UK, US, Europe, and more. Traders in the UK can also access forex, commodities, and indices via leveraged CFDs. 

Perhaps the most popular tool on eToro is its copy trading feature, which prompted a completely passive investment experience. In a nutshell, investors in the UK can choose to copy another trader. In other words, if the chosen trader buys Bitcoin and Apple stocks, the same position will be mirrored in the investor’s portfolio. 

Those unsure if eToro represents the best place to buy Bitcoin in the UK might consider opting for the free demo account. This offers direct insight into how eToro works, but without needing to make a deposit. With that said, eToro is now used by more than 27 million clients in the UK and beyond, so the broker carries an excellent reputation in this trading space. 

Minimum deposit $10 (about £8)
Debit card fee 0.50%
Bitcoin trading fee 1%
Cost to buy £500 worth of Bitcoin with a debit card £7.50

Pros

  • Authorized and regulated by the FCA
  • 27+million clients
  • 1% Bitcoin trading fee
  • 0.5% debit/credit card fee
  • 90+ other cryptocurrencies to buy
  • Also supports 0% commission stocks and ETFs
  • Copy trading feature 
  • User-friendly web and mobile trading platform

Cons 

  • Better suited for those seeking custodial storage 
  • $5 (about £4) withdrawal fee

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2. Crypto.com – Buy Bitcoin via a User-Friendly Mobile App

Those considering investing in Bitcoin in the UK via a smartphone app might consider Crypto.com. It typically takes in the region of five minutes to open an account with this provider and the minimum first-time deposit is $20 (about £16). Best of all, Crypto.com enables investors to buy Bitcoin in the UK with a debit or credit card. 

This results in a seamless and fast investment experience. Do note, however, that the debit/credit card fee charged by Crypto.com amounts to 2.99% of the transaction amount. Although slightly more cumbersome, the better option for budget-conscious investors is to transfer funds from a UK bank account. 

This deposit option is fee-free, albeit, there will be commissions to pay on the Bitcoin purchase once the funds arrive. However, Crypto.com charges just 0.4% in this regard, which amounts to 40p for every £100 deposited. Moreover, traders in the UK investing larger amounts into Bitcoin will be offered lower commissions. 

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Crypto.com is also a suitable option for investors that are looking to buy Bitcoin in addition to other cryptocurrencies. In total, investors will find more than 250 coins available to buy and sell. Crypto.com also offers a full suite of alternative investment services, including interest accounts. This means that investors can buy Bitcoin and earn interest on the funds. 

It is also possible to use the purchased Bitcoin to acquire an instantly approved loan, with an LTV of up to 50% offered by Crypto.com. Other services include a fully-fledged trading exchange, a crypto-backed debit card, and a DeFi wallet for iOS and Android. It is also possible to buy, sell, and flip NFTs on the Crypto.com marketplace.

Minimum deposit $20 (about £16)
Debit card fee 2.99%
Bitcoin trading fee 0.4%
Cost to buy £500 worth of Bitcoin with a debit card £14.95

Pros

  • Cheapest way to buy Bitcoin via a UK bank transfer
  • More than 250 cryptocurrencies supported
  • User-friendly mobile app for iOS and Android
  • DeFi services including interest accounts and loans
  • Low trading commissions start at 0.4%

Cons 

  • Debit/credit cards attract a fee of 2.99%
  • Purchases made with GBP are only available on the app

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3. Binance – Buy and Trade Bitcoin at Commissions of 0.1%

When it comes to the overall cheapest way to buy Bitcoin, Binance is certainly worth considering. Commissions of just 0.10% are charged by this popular exchange, which amounts to 10p for every £100 traded. It is possible to reduce this commission by a further 25% by holding BNB tokens – which is the native digital asset backed by Binance. 

Binance is also the largest crypto exchange globally. It boasts a client base of over 100 million accounts and significant trading volumes of many billions of pounds each and every day. This means that Binance offers some of the best market spreads in this space, as liquidity is never an issue when buying and selling Bitcoin. 

Binance might also appeal to those in the market for additional cryptocurrencies. After all, the exchange lists more than 600 different coins. In terms of the investment process, there are a number of ways to buy Bitcoin in the UK via Binance. Perhaps the easiest option is to make an instant purchase through a UK debit/credit card. 

This will cost 1.8% in fees. Faster payment bank transfers are also an option and this will cost a flat rate of just £1. Binance offers a web wallet for the purpose of storing Bitcoin and this comes with multiple safeguards – such as two-factor authentication. It is also possible to withdraw the tokens to the exchange’s decentralized wallet – Trust Wallet.   

Minimum deposit £15 when using a debit card 
Debit card fee 1.8%
Bitcoin trading fee 0.1%
Cost to buy £500 worth of Bitcoin with a debit card £9

Pros

  • Trading commission of just 0.1%
  • Minimum debit card purchase of £15
  • Supports more than 600 coins
  • Huge liquidity levels 

Cons 

  • Debit/credit cards attract a fee of 1.8%
  • Has previously been hacked
  • Faster payments option is often suspended

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4. Coinbase – Invest in Bitcoin in Under 10 Minutes via a Debit Card

Speed, convenience, and user-friendliness is where Coinbase stands out. From start to finish, it typically takes 10 minutes to buy Bitcoin in the UK via this broker. After opening an account and uploading a copy of a passport or driver’s license, UK investors can enter their debit card details to instantly purchase Bitcoin. 

The Coinbase platform offers a smooth investment experience and this will particularly appeal to beginners. Coinbase also has a great reputation for security. All accounts must set up two-factor authentication and additional checks will be carried out when a login attempt is made from a new laptop or smartphone. 

Investors in the UK will also appreciate that Coinbase supports more than 100 cryptocurrencies in addition to Bitcoin. This includes everything from Ethereum and Cardano to Solana and the Graph. Absolute beginners might also find the Coinbase Earn feature, which offers free crypto rewards for completing educational tasks. 

With all that being said, we found that Coinbase is far from being the best place to buy Bitcoin in the UK for cost-effectiveness. Expect to pay at least 3.99% when buying Bitcoin with a debit card and even more if the transaction falls below $200, or about £160. There is also a 1.49% trading commission to factor, which is in addition to the spread.     

Minimum deposit £50 is recommended, but not enforced 
Debit card fee 3.99%
Bitcoin trading fee 1.49%
Cost to buy £500 worth of Bitcoin with a debit card £19.95

Pros

  • Smooth and simple user experience 
  • More than 100 cryptocurrencies listed 
  • Strong commitment to regulation and security 

Cons 

  • Debit/credit cards attract a fee of 3.99%
  • High trading commissions 
  • No support for BNB or Ripple

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5. Bitstamp – Top Bitcoin Exchange for UK Faster Payment Deposits

Bitstamp is the most established Bitcoin exchange that we will discuss today – with the platform first opening its doors in 2011. The platform offers a wide range of cryptocurrencies that can be traded online, including Bitcoin. Those in the UK who prefer to deposit funds via a bank transfer can do so at Bitstamp without paying any transaction fees.

Debit and credit cards should, however, be avoided here – as this payment type attracts a fee of 5%. In terms of commissions, Bitstamp offers fee-free access to Bitcoin on the first $1,000 (about £800) traded each month. After that, the commission stands at 0.40%, and less when more than $10,000 (about £8,000) is traded. 

This will appeal to investors that are looking to buy and sell Bitcoin in the UK in small amounts. Bitstamp offers an intuitive trading interface that should suffice for complete beginners. Security features are notable too, with 95% of client digital assets stored offline. There is also customer support on a 24/7 basis offered at Bitstamp.        

Minimum deposit £10 minimum trade 
Debit card fee 5%
Bitcoin trading fee 0% up to the first $1,000 (about £800) each month
Cost to buy £500 worth of Bitcoin with a debit card £25

Pros

  • 0% commission on the first $1,000 traded each month 
  • Established in 2011 and 95% of client tokens kept offline
  • No fees to transfer funds via a UK bank account 

Cons 

  • Debit/credit cards attract a fee of 5%
  • Not as user-friendly as other Bitcoin exchanges

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6. Kraken – Buy Bitcoin and 180+Other Cryptocurrencies 

The final option to consider on our list of the best places to buy Bitcoin in the UK is Kraken. This exchange is well-established and has a strong commitment to regulation and security. This sentiment is supported by the fact that Kraken is now used by more than 9 million clients around the world. Those opting for Kraken will be able to buy Bitcoin in addition to 180 coins. 

To get started with Kraken, investors in the UK can instantly buy Bitcoin with a debit/credit card, with both Visa and MasterCard supported. The minimum purchase amount is £8 and weekly limits of £4,000 will apply. Due note, however, that Kraken charges a debit/credit card fee of 3.75% of the transaction amount, plus 25p. 

Therefore, investors in the UK might instead consider making a deposit via a bank transfer. Those wishing to trade Bitcoin and other cryptocurrencies on the Kraken Pro exchange – which offers more advanced tools and features, will pay a commission of 0.26% per slide. Stablecoins like USDT are slightly cheaper, at a commission of 0.2%.         

Minimum deposit £8 
Debit card fee 3.75%, plus 25p
Bitcoin trading fee 0.26% via Kraken Pro
Cost to buy £500 worth of Bitcoin with a debit card £19

Pros

  • More than 180 cryptocurrencies supported
  • Great reputation for customer safety 
  • Beginner-friendly trading platform

Cons 

  • Debit/credit cards attract a fee of 3.75%, plus 25p
  • Fee schedule is confusing 
  • No proprietary Bitcoin wallet
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The Basics of Buying Bitcoin in the UK

For those new to cryptocurrencies, the basics of buying Bitcoin in the UK are as follows.

First and foremost, Bitcoin is a digital currency that was launched in 2009. Although Bitcoin was created with the ambition of becoming a globally accepted medium of exchange that will one day replace fiat money, it is widely purchased for speculative reasons. 

This is because Bitcoin trades in a similar nature to stocks and commodities, insofar as its price will rise and fall based on investor demand. But, in the case of Bitcoin, this digital asset has outperformed any other investment market considerably since it was launched. 

Over the prior seven years alone, for instance, Bitcoin has increased by over 7,000%.  Compare this to the FTSE 100 – which has moved by a few percentage points over the same period, and it is clear to see why so many investors in the UK are now turning to Bitcoin. 

In terms of how to buy Bitcoin in the UK, the process simply requires the investor to choose a suitable exchange or broker, open an account, and make a deposit with a debit/credit card or any other supported payment type. Thereon, the value of the investment will be determined by the market value of Bitcoin – which changes on a second-by-second basis. 

Is Bitcoin a Good Investment?

It is important to remember that Bitcoin has, while impressive in terms of the number,  a track record that spans just 13 years. Compare this to stocks – which have been trading for several hundred years, and investors should tread with caution.

Crucially, both the upside potential and risk of loss are high with Bitcoin, so plenty of research on risk-management practices should be undertaken before proceeding. 

In the meantime, let’s explore some of the key positives surrounding Bitcoin from the perspective of a first-time investor:

High-Growth Asset  

As noted above, Bitcoin remains a high-growth, albeit volatile asset. Going back to when this cryptocurrency was first launched in 2009, Bitcoin was worth a fraction of a penny. 

  • To date, Bitcoin’s highest value sits at just under $69,000. 
  • And therefore, this represents an approximate upswing of almost 700 million percent.

With that said, the value of Bitcoin in 2009 isn’t a fair representation of its price trajectory, considering that the cryptocurrency was virtually unknown during its first few years. 

  • Therefore, let’s assume that an investor decided to buy Bitcoin in early 2017 when the cryptocurrency was trading at $1,000 per token. 
  • In this scenario, an investment of £500 would, at its peak in late 2021, have been worth £34,000. 

Although the value of Bitcoin has since slid by 70%, even at today’s prices, that £500 would be worth nearly £10,000. 

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Market Dip Offers a Discounted Entry Price  

To reiterate, the value of Bitcoin has since declined by 70% when compared to its previous all-time high of $69,000. Such a wide market decline is not uncommon with Bitcoin, as the cryptocurrency has historically witnessed volatile pricing swings. 

  • As such, those electing to buy Bitcoin in the UK as part of a long-term strategy will appreciate the discounted entry price that is currently on offer. 
  • At $20,000 per token, for example, this would offer an upside of over 240% if Bitcoin is able to recover its former price of $69,000. 

Many would argue that even at the $69,000 level, Bitcoin is undervalued. Just remember, however, that there is no guarantee that Bitcoin will ever return to former pricing levels. 

Inflation-Proof  

Unlike fiat currencies like the pound sterling or US dollar, Bitcoin is a deflationary currency. The reason for this is that the supply and distribution of Bitcoin cannot be manipulated or influenced by central bank policies. 

  • With year-over-year inflation levels in the UK at an estimated 10%, this is a big deal for those concerned with the ever-declining value of bank account savings. 
  • This is in addition to traditional bank accounts offering a pittance in interest rates. 

In the case of Bitcoin’s supply, new tokens are added to the circulating total every 10 minutes. This is determined and fixed by the underlying blockchain code that cannot be amended. 

This will continue to be the case every 10 minutes until a total of 21 million Bitcoin tokens are minted. Once this figure is reached, no more Bitcoin will ever be created. 

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Investor-Friendly   

Buying Bitcoin in the years following its release was a challenging and long-winded task. In today’s market, however, it is now possible to buy Bitcoin in the UK in the same way as one would invest in stocks or bonds. 

This is because there are now FCA-regulated brokers like eToro that support Bitcoin purchases, meaning that UK investors can gain exposure to this cryptocurrency in safety. Moreover, the purchase can be completed in minutes via a debit/credit card or an e-wallet payment. 

Perhaps even more important is that there is no requirement to invest large sums of capital into Bitcoin. Instead, as Bitcoin can be fractionated into small digital units, a minimum investment of just £8 is required when opting for eToro.  

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Different Methods of Buying Bitcoin

Still wondering how to invest in Bitcoin in the UK from the comfort of home?

Newbies can consider the methods when assessing the best way to gain exposure to this high-growth asset class. 

Buy Bitcoin With Credit Card or Debit Card   

Research suggests that most investors will look to buy Bitcoin in the UK with a debit card. This offers a seamless and fast investment experience that can be compared to buying goods online. 

The reason for this is that it’s just a case of opening an account with a broker that supports debit cards and proceeds to complete the purchase. 

  • Do note, however, that debit cards can attract high fees when buying Bitcoin online. 
  • Kraken and Bitstamp, for example, charge 3.75% and 5% respectively. 

This is one of the reasons why eToro represents the best place to buy BTC in the UK, as debit card transactions cost just 0.5%. 

Buy Bitcoin With PayPal   

Another payment method accepted by a small number of brokers and exchanges is PayPal. 

This e-wallet is supported by eToro and transaction fees amount to just 0.5%. Those electing to buy Bitcoin with PayPal will enjoy a fast and secure deposit experience. 

Buy Bitcoin With Neteller or Skrill

Neteller and Skrill are also e-wallets that can be used to buy Bitcoin in the UK. 

Once again, eToro is the stand-out option in terms of account minimums and fees, which stand at $10 and 0.5%, respectively. 

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What is the Cheapest Way to Buy Bitcoin?

In order to find the cheapest place to buy Bitcoin in the UK, investors need to have a grasp on what fees are likely to come into play. 

The first fee – which we have discussed extensively in this guide, is related to payments. 

  • Once again, while investors in the UK will pay 5% to buy Bitcoin with a debit card at Bitstamp, the same transaction will cost just 0.5% at eToro. 
  • As a result, depositing £500 into Bitstamp will cost £25 in fees at Bitstamp, and £2.50 at eToro. 

Investors in the UK can also look at making a deposit via a bank transfer, which is generally offered on a fee-free basis at online brokers and exchanges. 

Another fee to factor in is the trading commission which, again, can vary wildly depending on which Bitcoin provider is being used. 

  • Crypto.com stands out here, as the exchange charges just 0.4% per slide.
  •  This means that trading £500 worth of Bitcoin would cost just £2 in commission. 
  • The same trade at Coinbase would cost £7.45. 

Ultimately, the cheapest way to buy Bitcoin in the UK is to shop around. Across both deposit and trading fees, we found that eToro offers the most cost-effective option to UK investors. 

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Bitcoin Price

The price of Bitcoin is determined by demand and supply. This follows the same economic concept as traditional stocks and shares. That is to say, when there are more people buying Bitcoin when compared to the number of sellers in the market, its value will invariably rise. 

Although investors in the UK can buy Bitcoin with pounds, the global standard is to trade this digital currency in US dollars. This is why our beginner’s guide has discussed the growth of Bitcoin’s value in USD, as this follows the same principle as gold and other commodities. 

For the most accurate real-time price information on Bitcoin, CoinMarketCap is a great source. Alternatively, after buying Bitcoin in the UK from an exchange or broker, the value of the investment is typically displayed in pounds and pence within the account portfolio. 

Nonetheless, after hitting an all-time of nearly $69,000 in November 2021, Bitcoin and the broader cryptocurrency market entered a prolonged bearish cycle. This simply means that selling pressure continues to outweigh the number of buyers in the market. 

On the flip side – as we briefly mentioned earlier, this offers investors the chance to buy Bitcoin in the UK for the first time at a more attractive price. In other words, a cost price of $20,000 is a lot more favorable than entering the market at almost $68,000. 

Bitcoin Price Prediction

Consider typing in ‘Bitcoin price prediction’ into Google to see just how many thousands of results appear. Although it would be great to have an idea of where the price of Bitcoin is headed, nobody can predict the future with any certainty. 

One thing is for sure – the value and broader trend of Bitcoin are unpredictable. At a moment’s notice, the momentum of Bitcoin can change direction. As a result, to avoid getting trapped by market uncertainty, beginners might instead consider drip-feeding their Bitcoin purchases. 

For example, those investing small amounts into Bitcoin every week for an extended period of time will likely see better long-term results than those buying a sizable lump sum. This is because, on each purchase, the cost price will be averaged out. 

How to Invest in Bitcoin Safely in the UK

In some circles, Bitcoin still has a murky reputation for being the currency of choice for criminals. And therefore, when electing to buy Bitcoin in the UK, it is of the utmost importance to do so safely. 

Consider the tips below to stay safe when investing in Bitcoin:

  • Look for an FCA-regulated broker: The first safeguard to look for when buying Bitcoin is that all-important FCA license. This ensures that the chosen Bitcoin broker is authorized and regulated to offer trading services in the UK. 
  • Strong account password: Those deciding to leave their Bitcoin tokens within their brokerage or exchange account should ensure that a strong password is chosen. This will go a long way in preventing unauthorized access to the account. 
  • Learn about Bitcoin wallets: Many investors will decide to leave their tokens in a Bitcoin wallet. However, this requires an understanding of how wallets work – especially when it comes to private keys and backup phrases 
  • Be prepared for volatility: Over the long term, many market commentators are bullish on the prospect of Bitcoin and its valuation. However, Bitcoin is prone to vast volatility swings in the short term. As such, this is something to prepare for and accept when investing in Bitcoin in the UK for the first time. 

How to Buy Bitcoin in the UK – Detailed Tutorial

This informative guide has prepared beginners for what to expect when assessing where to invest in Bitcoin in the UK for the first time. 

In this section, we will explain in great detail how to complete the Bitcoin investment process via eToro, an FCA-regulated broker. 

Step 1: Register an Account With eToro  

Visit the eToro website to open an account. eToro is a regulated brokerage so it will collect some personal information. 

Think along the lines of a full name, date of birth, email address, and national insurance number. 

UK investors can proceed to buy Bitcoin without adding any ID documents at this stage, providing the total deposit amount does not exceed €2,000 (about £1,750).

With that being said, verification takes just minutes and simply requires a copy of a passport/driver’s license and proof of address. 

Plus, once the account is verified, the withdrawal feature will be unblocked. 

Step 2: Deposit Funds Into eToro 

Next, a deposit will need to be made into the newly created eToro account. 

Supported payment methods are inclusive of:

  • Bank transfer
  • Visa, MasterCard, Maestro
  • PayPal
  • Skrill
  • WebMoney
  • Neteller

For UK investors joining eToro for the first time, a minimum deposit of $10 – or about £8, is required. 

Step 3: Search for Bitcoin

After depositing funds, look for the search box at the top of the page and type in ‘Bitcoin’. 

Click on the ‘Trade’ button next to ‘BTC Bitcoin’, like in the image above. 

Step 4: Buy Bitcoin in the UK

An order box will now appear on the screen. This is where the investor will need to type in their required Bitcoin purchase amount. 

The stated amount must be entered in US dollars, and the minimum investment is $10. 

Finally, click ‘Open Trade’ to complete the process of buying Bitcoin in the UK. 

The Bitcoin tokens will be stored by eToro for safekeeping. Head over to the eToro portfolio to keep tabs on the value of the investment. 

The portfolio is also the location that enables eToro users to sell their Bitcoin back to cash.

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Conclusion

Bitcoin is a high-growth asset class that continues to turn heads in the UK investment scene. 

The good news for beginners is that it takes just five minutes from start to finish to buy Bitcoin in the UK via an FCA-regulated broker like eToro. 

Not only does eToro offer low fees and a small minimum deposit requirement of approximately £8, but the platform is ideal for newbies buying Bitcoin for the first time.

 

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FAQs

How do I buy Bitcoin in the UK?

Most investors in the UK will look to buy Bitcoin from an online broker that is authorized and licensed by the FCA. Top brokers in this space support UK debit/credit card purchases, which offers a secure and seamless investment experience. We found that eToro is a good fit for beginners in the UK looking for a safe and low-cost way to invest in Bitcoin. 

Should I buy Bitcoin?

Anyone new to Bitcoin should remember that while this cryptocurrency is a high-growth asset class, the risk of loss is significant. This is because Bitcoin is both volatile and speculative. With that said, many in this marketplace argue that at current pricing levels, Bitcoin is heavily undervalued. Investments into Bitcoin should only be made with capital that can afford to be lost. 

Where is the best place to buy Bitcoin in the UK?

The best place to buy Bitcoin in the UK is via a regulated online broker that is authorized and licensed by the FCA. Consider eToro for this purpose, as the broker offers a seamless and low-cost way to buy Bitcoin in the UK with a debit/credit card, e-wallet, or bank transfer. 

What is the best way to buy Bitcoin in the UK?

Many online brokers in the UK supporting Bitcoin investments accept debit and credit cards. This means that there is no requirement to wait multiple days for the Bitcoin purchase to go through. To save money on deposit fees, consider that eToro charges just 0.5% on debit/credit card payments. In comparison, the same transaction will be charged 5% and 3.99% at Bitstamp and Coinbase, respectively. 

Is it too late to invest in Bitcoin?

Many investors will be concerned that they have missed the boat on Bitcoin, considering that it has already generated growth of many millions of percentage points since it was launched in 2009. However, there is also an argument that Bitcoin is yet to get anywhere near its true potential. Moreover, those considering gaining exposure to Bitcoin for the first time should remember that the digital asset has since declined by 70% from its most recent all-time high, which offers an attractive entry price.     

What can I buy with Bitcoin?

A very small number of online and in-store merchants accept Bitcoin as a payment method – typically via a third-party processor that bridges cryptocurrencies with fiat money. However, there is no real benefit to buying goods and services with Bitcoin. Rather, it might be wise to leave the tokens to sit in a private wallet for several ways, while the digital currency has time to truly blossom. 
 

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