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Buy Bitcoin (BTC) in United Kingdom with GBP with Lowest Fees
Buy Bitcoin (BTC) in United Kingdom with GBP with Lowest Fees
Looking to buy Bitcoin in the United Kingdom with the lowest rates in the industry? Changelly is an established crypto exchange with some of the lowest fees on Bitcoin purchases in the industry. In partnership with the leading fiat-to-crypto gateways, Changelly allows you to instantly buy Bitcoin in the UK with your credit or debit card, bank wire, Apple, and Google Pay. Pick the best deal from multiple offers and trade cryptocurrencies easily. Take advantage of an extensive selection of digital assets, seamless trading, enterprise-grade security, and native user interface. Changelly is your ultimate platform for Bitcoin trading.
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How to buy Bitcoin in 5 easy steps
Set your purchase pair
Select the crypto you’d like to purchase. Next, choose the local currency you want to buy crypto with and your country of residence. Compare the best offers and choose the one that suits you most.
Provide your crypto wallet address
Enter your crypto wallet address in the required field. Double-check your unique crypto wallet address to make sure it is correct.
Verify your identity
Verify your identity with the provider you've chosen to buy crypto with. This is the best way to make sure that the payment information is only yours.
Confirm your payment
Confirm your payment and have your purchased cryptocurrency delivered to your crypto wallet in several minutes.
Welcome your crypto
As soon as the payment goes through, your coins will be credited to your wallet address.
Payment methods to buy Bitcoin
A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency. Keep in mind that bank transfers may take a little longer, and fees may vary.
Apple Pay and Google Pay
Apple Pay and Google Pay are the quickest ways to buy BTC with a credit or a debit card from your iOS or Android device.
Credit or Debit Card
Credit or debit card payment is one of the effortless ways to buy BTC and other cryptocurrencies in a fast and secure manner. With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency.
Buy Bitcoin Without Any Hassle
Purchase your crypto with any payment method that suits you best. Start buying with as little as 30 USD or your local currency equivalent.
Why buy Bitcoin on Changelly?
We take a comprehensive security approach to ensure your crypto investments and identity are safe. We provide quick crypto purchases to more than 2.6 million users every month.
Got any questions? We've got all the answers. Changelly offers personal support to each and every user. We are here to help you 24/7 with any challenges that you might face using our services.
Get any of the 500+ supported cryptocurrencies in mere minutes with just a few clicks and at the best rates on the market.
All premium offers in one spot
We aggregate crypto offers from a variety of fiat payment providers so that you can always find the very best one.
How Is The Price Of Bitcoin Determined?
Bitcoin is a decentralized digital currency that does not follow the monetary policy of centralized financial authorities and is not backed by any underlying asset or government. Bitcoin is considered a commodity that stores value, and the Bitcoin price is determined by the same driving forces that influence the price of other goods and services, namely, demand and supply.
If there are more people who want to buy Bitcoin than sell it, Bitcoin’s price will go up. If there are more people who want to sell Bitcoin rather than buy it, its price will drop. This works similarly to stocks, real estate, and most other open markets.
Bitcoin is a unique digital asset that was introduced only about a decade ago, and its future regulations are unclear. While it is possible the price of Bitcoin could surpass the $100,000 mark, it could also become totally worthless.
The biggest factor that can affect the price of Bitcoin is probably the actions of the world’s governments. Regulators in the UK may pass new laws or regulations that will severely restrict Bitcoin or even make it illegal.
The price of Bitcoin can also be affected by major influencers, such as social media posts of celebrities, politicians, or famous bloggers. Their actions or announcements can lead the Bitcoin market either upward or downward.
Additionally, early investors who have amassed significant holdings of BTC (often called Bitcoin whales) can put a strong pressure on the market by entering a large buy or sell transaction.
Unlike with fiat currency, the supply of Bitcoin is finite. Only 21 million Bitcoin coins will be in circulation in total. Scarcity can translate into increased demand for Bitcoin, causing its price to spike as years go by.
Can I Buy Less Than One Bitcoin?
Buying less than one Bitcoin is possible. 1 Bitcoin comprises 100 million bits called Satoshi. You can easily buy as little as one hundred millionths of Bitcoin.
Where to Store Bitcoins?
Purchased Bitcoin needs a special location where it can be stored securely. There are several ways to keep Bitcoin safe.
You can hold your crypto assets on the online platform where you bought Bitcoin.
Or you can choose a hardware wallet (a physical gadget) that keeps your secret keys offline.
There are also dedicated mobile Bitcoin wallets that allow you to manage your digital wealth on the go, while digital wallets can be accessed from a browser of your computer or smartphone.
Each of the above Bitcoin storage solutions will come with its specific features and level of asset protection.
Mobile Crypto Wallet
A mobile wallet is software that you download on your smartphone or tablet. Mobile Bitcoin wallets are called “hot” because they are constantly connected to the Internet. Most of the time, such products are self-custodian, as they give the user absolute control over their personal keys. These apps have an intuitive user interface and make it easy to buy, sell, store, and spend your crypto from your mobile device.
An online wallet is also a “hot” variety of Bitcoin wallets, and it keeps your secret keys on an online server that is operated and controlled by a third-party, such as a crypto exchange. Most of the time, they are custodial storage solutions because your private keys are held by the company that provides the wallet.
A desktop Bitcoin wallet is a downloadable program that keeps your secret passwords on your computer’s hard drive. Such Bitcoin wallets are also non-custodial because they do not require a third-party agent to hold and protect your wallet's secret passwords.
A hardware wallet looks like a USB stick. To manage your crypto funds, you will need to connect your hardware wallet to your computer or smartphone that has an active internet connection. That is a “cold” type of Bitcoin wallet because it stores your private keys offline.
Which Bitcoin Wallet Can I Use?
It depends on your needs and requirements for which Bitcoin wallet to use. If you want to take the spending power of crypto with you wherever you go, you can opt for a mobile crypto app, such as Trust Wallet.
If you are often tied to your keyboard or use a laptop more frequently than a phone, then you may consider a downloadable desktop wallet for your crypto possessions. Noteworthy products in this category include Exodus, MetaMask, and Electrum.
If you want to access advanced features for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and other coins, you can go for reputable online crypto wallets such as Binance and Coinbase.
If you are not going to spend crypto frequently, a hardware wallet can be a smart solution for you. Cold Bitcoin wallets are also great for protecting a great deal of assets, while hot solutions are more suitable for minor everyday transactions. Trezor and Ledger are the most prominent brands in this category. Remember, as hardware wallets are basically small USB gizmos, they are easy to lose or break.
Got any questions about the BTC purchase on Changelly?
We tried to gather all the necessary information about the BTC purchase on this page. Yet, the crypto world can be darned confounded. If you still have questions, check out the FAQ page or contact our support team 24/7.
Keep your Bitcoin safe and sound
If you are searching for the best cryptocurrency wallets for your favorite coins, look no further! Whether you are a crypto pro or just starting out, these wallets might be a good option for crypto storage.
Integrating Changelly services into Trezor Wallet's exchange has been a great success for all parties, especially the users. Working with Changelly is a pleasure, thanks to their professional and courteous approach.
Changelly is the best option for users to access the most cost-savvy rates
With Changelly's stellar team, we have developed a unique system to ensure exchanges are fulfilled in the fastest possible time and with immediate customer support.
We are thrilled to partner with Changelly to provide an exceptional trading experience: anytime, anywhere - in a few simple taps!
What Is Bitcoin?
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.What Is Bitcoin?
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Is it Legal to Buy Bitcoin in the UK?
The Financial Conduct Authority (FCA) is the main financial authority in the United Kingdom. It regulates financial firms that provide services to consumers and maintains the integrity of financial markets in the UK. The FCA also focuses on regulating the performance of both retail and wholesale financial services firms.
The FCA checks UK-based crypto asset firms regarding their implementation of effective user oversight methods, such as the prevention of money laundering and terrorist financing. But the authority neither regulates nor banns Bitcoin and other cryptocurrencies in the country. This means you can legally buy Bitcoin in the United Kingdom. Yet, given the growing popularity of Bitcoin, it is likely that regulations around crypto assets could become stricter in the future.
Note that Bitcoin and other cryptocurrencies are treated as property in the UK, and operations with them involve tax implications. Also, HMRC (HM Revenue and Customs) can track transactions with digital currencies, as the authority has a data sharing program with all UK-based crypto exchanges.
There is no specific tax on Bitcoin in the UK. Instead, your cryptocurrency activities will be subject to either Capital Gains Tax or Income Tax. The tax to be paid will depend on the type of transaction you make with your electronic assets. If you are considered earning income, you will pay Income Tax. If you are considering receiving capital gains, you will deal with Capital Gains Tax.
You will pay Capital Gains Tax in the UK if you:
sell crypto for GBP or other fiat currencies;
trade cryptocurrencies for cryptocurrencies (including stablecoins);
spend crypto on services and goods;
gift crypto (unless you gift your crypto holdings to your spouse or civil partner).
You will pay Income Tax in the UK if you:
get paid in crypto;
earn rewards through crypto staking;
mine Bitcoin or another popular cryptocurrency;
receive crypto through AirDrop events.
Best Ways to Buy Bitcoin in the UK Safely
A pioneer among cryptocurrencies, Bitcoin (BTC) has been enjoying a first-mover advantage since its inception in 2008. It is the most recognizable electronic coin, and, despite omnipresent price movements, Bitcoin remains the most expensive crypto. With its incredible ROI of several thousand percent, BTC is a desirable investment instrument, and lots of people are interested in buying Bitcoin.
The best way to buy Bitcoin UK safely is by finding a well-regulated cryptocurrency exchange that supports Bitcoin trading. Changelly deserves the first consideration when you are sifting through places where to buy cryptocurrency for fiat money, such as pound sterling (GBP).
The Ultimate Crypto Exchange for Bitcoin Trades
Changelly is an all-in-one online crypto exchange that is designed with users’ convenience in mind. It is a leading trading platform where you can instantly buy Bitcoin, Ethereum, USD Coin, and hundreds of other popular cryptocurrencies, with incredibly low fees of up to 0.25%. You can choose from several supported payment methods, such as a debit card, credit card, wire transfers, and others. Even if you are totally new to crypto trading, you can buy your first Bitcoin effortlessly in a matter of a few seconds.
Changelly provides safe and instantaneous crypto trades without revealing users' identities. We allow our users to pick the best possible rates by comparing offers from multiple reputable trading platforms, including Binance, Coinomi, and more. Effective consumer protection measures, such as no-deposit storage (no custody of your private keys), 2-factor authentication, and an HTTPS protocol, ensure completely secure Bitcoin trading.
Changelly also has dedicated mobile apps for Android and iOS smartphones for seamless Bitcoin exchanges on the go.
If you choose to purchase Bitcoin outside Changelly, make sure you do your research and thoroughly analyze trading platforms that get on your radar. The Internet brims with scam crypto projects that do not offer a secure environment for Bitcoin trading.
Other trading platforms are properly regulated; however, they do not offer adequate transaction fees, so Bitcoin trading with them is often worthless.
Also, pay attention that decentralized exchanges do not allow you to buy Bitcoin for fiat currency. Such trading platforms are only good for swapping one crypto coin for another.
Remember that buying Bitcoins is a chancy venture, and you put your initial investment at risk when you make crypto purchases. Cryptocurrencies are volatile assets, and the Bitcoin price can drop drastically within a short time. Crypto assets are unregulated investment products with no UK or EU investor protection. Also, before you buy Bitcoin in the UK, you need to set up a crypto wallet.
How to Buy Bitcoin with Credit and Debit Card
A credit or debit card allows you to buy Bitcoin instantly, provided you have found a credible crypto exchange that supports fiat-to-crypto purchases. Changelly is a trusted cryptocurrency exchange with on-ramp and off-ramp services, i.e. we let our users exchange fiat currency for Bitcoin (or any other popular cryptocurrency, such as Bitcoin Cash), as well as sell cryptocurrency back into fiat money. This is enabled thanks to our partnerships with prominent fiat-to-crypto providers: MoonPay, Simplex, and Switchere.
Buying Bitcoin with a bank card on Changelly is an extremely simple process and does not require any technical skills. However, to buy Bitcoin UK with MasterCard or VISA, you will first need to create a new account on Changelly (if you do not have any) and fulfill a Know Your Customer (KYC) procedure. This will commonly require providing your full name, a government-issued ID document, a current photo, a paid utility bill, and, sometimes, a bank statement.
Once your identity is verified (which commonly occurs quickly), you can proceed with buying Bitcoin with your credit or debit card. For this, you will need to navigate to the “Buy” page on the Changelly platform.
Select a fiat currency from the payment window (GBP, USD, EUR, etc.) to be exchanged for crypto and specify the amount of fiat
Next, pick the desired crypto from the menu (e.g., Bitcoin) and select the exchange rate from a list of offerings.
After that, input the details of your bank card and provide a Bitcoin wallet address where your digital coins will be sent. Note that credit card companies often charge additional deposit fees for such transactions.
Then you review the transaction draft, and if everything looks OK, you confirm the transfer, and it is processed instantly. As easy as that - you are all set to buy and sell Bitcoin.
On Changelly, you can buy Bitcoin in the UK with a debit or credit card instantly with no limits or excessive trading fees. Our platform cooperates with leading on-ramp & off-ramp providers that ensure super low fees for bank card payments. All of our partners also comply with stringent safety requirements to prevent any security-related issues.
How to Buy Bitcoin with Bank Transfer in the UK
On Changelly, you can buy Bitcoin in the UK by selecting a bank transfer among payment options. In the United Kingdom, many large banks permit fiat-to-crypto purchases, including Revolut, Nuri, and Royal Bank of Scotland (RBS) & NatWest to name a few.
Crypto purchases via bank wires are enabled on our platform through integrating SEPA (Single Euro Payments Area) Instant and UK Faster Payments. This makes it easier for our users in the United Kingdom and the European Economic Area (EEA) to transfer GBP and EUR between Changelly and their bank account.
A GBP bank transfer may take up to several business days to settle, although such transactions are commonly settled within one working day. As with a card purchase, buying Bitcoin via a bank transfer will first require completing a KYC requirement.
Bank transfers are some of the most convenient payment methods to deposit funds in your crypto exchange account. Be careful when configuring the order to ensure the funds are moved to the correct account. Depending on your bank, a deposit fee might be charged when you are buying Bitcoin in the UK through a wire transfer.
How to Buy Bitcoin with Apple Pay in the UK
Most cryptocurrency exchanges in the UK, including Changelly, will allow you to deposit funds on your crypto account using Apple Pay to buy Bitcoins safely from an iOS device.
To buy Bitcoin in the UK, you just need to get an account with a trusted Bitcoin exchange that supports Apple Pay payments. Make sure the platform of your selection has competitive fees, a broad selection of digital assets, and immediate order executions — Changelly offers all these features. Undergoing an identity verification procedure is required.
Then you need to deposit funds to your crypto account. For this, you sign in to your crypto account on a device that supports Apple Pay and then select your preferred payment method for sending fiat money. Funds will usually be credited to your exchange account momentarily.
Then you just go to the “Buy” section and start a Bitcoin purchase, following the guidance provided by the system.
How to Buy Bitcoin from ATM in the UK
According to a note published by the UK Financial Conduct Authority (FCA), on March 10, 2022, Bitcoin ATMs that allow individuals to buy and sell cryptocurrencies must be banned in the UK.
To operate legally, these crypto ATMs must be registered with the FCA and "comply with UK anti-money laundering regulations," but they often fail to do so. The regulator also states that these machines lack adequate background checks, and there is a raised concern that they could be used for illegal transactions.
Although FCA has revoked licenses from many Bitcoin ATM operators in the United Kingdom, an online service Coin ATM Radar says there are still 27 Bitcoin ATM installations working in major UK cities, including London, Manchester, Birmingham, and some others.
In order to buy Bitcoins using a crypto ATM, you basically need to find the closest machine to your location. With some possible variations, the general process of buying Bitcoin UK through an ATM will look like:
complete identity verification requested by a Bitcoin ATM (it is optional and may vary depending on machine type);
provide the Bitcoin wallet address for a deposit (make sure you have set up a crypto wallet and brought an address with you before using a machine);
deposit an amount of cash into the ATM slot;
review and confirm the transaction (the purchased Bitcoin will be instantly sent to the provided address).
Depending on the machine’s level of compliance with FCA, identity verification requirements, as well as deposit limits, may vary significantly.
How to Buy Bitcoin with PayPal
PayPal has recently enabled crypto purchases for its verified users. You can buy, sell, and hold coins and tokens right in your on-platform wallet through PayPal’s cryptocurrency service, but you cannot use it to send Bitcoin or another digital currency.
However, PayPal’s crypto service is not regulated by the UK FCA. Therefore, if something goes wrong with your crypto holdings when using PayPal, you cannot use any UK Financial Services Compensation Scheme. For this reason, PayPal is not among the popular payment methods for crypto purchases in the UK.
Buying Bitcoins with PayPal in the United Kingdom is possible in two ways: either through your PayPal dashboard (if you are a verified user of this platform), or through a special crypto exchange that accepts PayPal payments. But, you can take the lazy way out and buy Bitcoin UK on Changelly, using credit cards, debit cards, or bank transfers. These methods are utterly safe and ensure instant processing.
How to Buy Bitcoin UK with Prepaid Card
A prepaid card is essentially a debit card that already contains some money when you buy it. Prepaid cards are very useful as they let you put a cap on your expenses. Once the funds are exhausted, you usually need to refuel your card’s balance to continue spending.
To buy Bitcoin in the UK with a prepaid card, you just need to create and verify your account with an appropriate crypto exchange. Next, you go to the “Deposit page” and fund your account by linking your prepaid card as a preferred payment option.
Then you need to place a Bitcoin purchase order, specifying the amount of fiat money to spend, as well as the amount of crypto you wish to receive. Then you confirm the operation and navigate to your Bitcoin wallet and check the arrival of digital funds.
How to Buy Bitcoin with Cash in the UK
Lots of people are looking for ways to buy Bitcoin in the UK with cash, as they do not want to reveal their identities through KYC. Another reason for buying Bitcoin in cash is to avoid taxes. There are several ways how you can buy Bitcoins with cash, including:
Buying in-person. If you are acquainted with some trusted person who is willing to sell Bitcoin, you are all set. You can agree upon the place, date, and amount of cash with that person. When you two meet up, bring your smartphone or laptop, from which you can access your Bitcoin wallet. If you only bring your Bitcoin wallet address, you cannot verify the receipt of crypto assets.
Peer-to-peer trading. P2P is a popular scheme for buying and selling crypto. There are both cryptocurrency exchanges and special P2P marketplaces where you can trade electronic assets directly with other individuals. P2P platforms allow you to compare offers from around the world and select from dozens of payment methods in different local currencies, including GBP. P2P platforms also have an escrow mechanism that protects users from fraud by freezing a seller’s tokens until payment conditions are satisfied.
Cash deposits at a bank office. You can find a Bitcoin seller who will provide you with their bank account details, so you can go to a local bank office and pay cash over the counter. The bank will send a transfer to the bank account of a Bitcoin seller. Note that bank-deposit trades are carried out without escrowing, which may put you in trouble if the Bitcoin seller refuses to send crypto to your Bitcoin wallet address.
Can Foreigners Buy Bitcoin in the UK?
Basically, anybody can buy and sell Bitcoin in any area where cryptocurrency trading is not prohibited. Foreigners can buy Bitcoin in the United Kingdom, provided they are not residents of countries where cryptos are totally restricted (such as Algeria, Bangladesh, China, Iraq, and a few more).
Each crypto company will establish its own policy concerning serving non-UK residents. You may want to discuss this question with a customer support team of a particular crypto exchange before you make your first deposit of fiat money on this platform.
Who Accepts Bitcoin in the UK?
Bitcoin is the most widely recognized digital currency, and an increasing number of retailers and merchants are accepting it as a valid form of payment. From clothing and accessories to travel and accommodation, there are lots of ways to use your crypto assets apart from buying or selling Bitcoin.
Some of the most famous United Kingdom companies that accept Bitcoin payments include:
Lush — a cosmetics supplier;
Shopify — a provider of online e-commerce solutions;
Microsoft — a gigantic IT corporation offering different software products;
AFK Apparel — an online store offering clothes and accessories;
Bimble Solar — they sell solar panels and equipment;
C W Sellors — a famed UK-based jeweler;
Go City Hotels — a hotel booking service;
Green Man Gaming — a provider of the latest and greatest computer games.
By doing a little research, you discover that there are hundreds of companies in the UK that eagerly accept Bitcoin payments to cover your everyday consumer needs.
How to Sell Bitcoin in the UK?
Selling Bitcoin for cash is possible on online crypto exchanges with an off-ramp feature (the possibility of converting crypto assets back into fiat money). You can also use a Bitcoin ATM to convert your crypto holdings into cash if you cannot or are unwilling to use online Bitcoin exchanges.
To sell Bitcoin, you need to place a sell order through your crypto exchange, much like you did when you originally bought it. Most platforms offer different types of orders, so you can choose to sell only when Bitcoin reaches a specified price, or you can place an order that will execute at the current market price.
Selling Bitcoin Profitably
Changelly allows crypto-to-fiat transactions in the United Kingdom in GBP with fast withdrawals. Our service charges a total fee of 5%, and these are extremely low fees compared to other platforms in the market.
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