Best Places to Buy Bitcoin Instantly
Have you ever considered investing in Bitcoin? Given how much talk there is about cryptocurrency these days, the idea may appeal to you. But the conversation about cryptocurrency goes in many directions.
If you stumble upon a Facebook crypto group or Bitcoin tweets, it can seem a little daunting. As a complete beginner, you don’t have to worry about developing the perfect investment strategy.
The first step is to learn how to buy Bitcoin instantly. UK residents interested in purchasing Bitcoin can join a crypto exchange platform, deposit GBP and cryptocurrency. To save you the trouble of finding a reliable exchange, we’ll give you four excellent options to consider.
What Makes a Crypto Exchange Worth Your Time?
First and foremost, you must find a Bitcoin exchange platform that is accessible in the UK. This is not much of an issue, as most significant platforms operate efficiently in the UK. Check whether the platform is authorised to work under Financial Conduct Authority (FCA.)
Another crucial criterion to pay attention to is the security protocols on the exchange platform. The best exchanges will offer insurance policies to their users to protect their funds in case of fraud or a cyber-attack. If this is an essential feature for you, choosing a popular and widely used exchange is the best way to go.
When you’re buying Bitcoin for the first time, you also have to worry about fees. Many users choose platforms with lower exchange fees, but that’s not always the best move.
A high fee structure at the big exchanges provides a more straightforward process and ensures users can buy Bitcoin instantly. UK crypto users can typically choose from several deposit methods which come with different exchange fees.
Finally, you should pay attention to the liquidity of the exchange platform. If these types of brokerages don't have enough trading volume, that can deter users from buying and selling in the long-term. When it comes to Bitcoin, major exchanges in the industry are your safest bet.
Best Bitcoin Exchange Platforms to Consider
One of the benefits of being a Bitcoin investor in the UK is having your pick of the crypto exchanges.
Still, it's easy to go in the wrong direction and end up buying coins from an unregulated platform. To minimise the chances of that happening, here are four great Bitcoin brokerages to consider.
This is a platform that has been around for a long time. It functions as a multi-asset exchange and is fully regulated by the FCA. Users can benefit from a free digital wallet that is available as a mobile app as well.
It also has a low minimum requirement for trading, and the conversion rate from fiat currency to Bitcoin is 5%, which is at the higher end.
Choosing Gemini means getting access to over 30,000 retail stores where you can spend your Bitcoin. The company has its proprietary payment platform, which makes it an excellent choice for those who want to spend their Bitcoin.
Plus, as a new user, you will receive £110 worth of Bitcoin if you invest £750 within 30 days. You also don’t need to keep a minimum amount of Bitcoin in your account to maintain it.
This platform is a household name in the crypto industry. It's one of the top choices for many Bitcoin investors as it has a highly user-friendly interface and offers many educational tools.
Furthermore, the platform has high liquidity and can withstand a sudden fall in Bitcoin's price. They're an excellent choice for Bitcoin holders but don't offer too many altcoins.
Without a doubt, this is one of the most successful exchanges worldwide. It operates in 190 countries and has over three million users.
The platform offers incentives for first-time users and even provides a non-custodial version of a digital wallet to give them complete control of their assets.
Buying Bitcoin Instantly and Safely
Investing in Bitcoin has become easier than ever. You don't need a significant starting investment, and most well-established exchanges allow effortless navigation.
As Bitcoin users grow every day, many platforms offer incentives and perks to attract more users. However, you have to be careful not to get drawn in by a brokerage with low fees and bonuses that sound too good to be true.
As a UK Bitcoin user, make sure the FCA regulates the platform. If they offer insurance policies, that's even better.