{"id":1573,"date":"2021-11-19T11:47:12","date_gmt":"2021-11-19T11:47:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/uk\/?page_id=1573"},"modified":"2024-07-12T12:29:49","modified_gmt":"2024-07-12T12:29:49","slug":"buy-cryptocurrency","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/uk\/buy-cryptocurrency","title":{"rendered":"How to Buy Cryptocurrency in the UK – Complete Beginner’s Guide"},"content":{"rendered":"

Cryptocurrencies have come a long way – reaching a total market cap of $3 trillion in 2021 – and the nascent industry is in a bull market.<\/p>\n

Despite a correction in 2022, many crypto analysts are still bullish today in 2023 and heading towards the next Bitcoin halving in March 2024. Both retail and institutional investors<\/a> are paying close attention to the virtual assets category as blockchain tech continues to grow in mainstream use.<\/p>\n

Wondering how to buy cryptocurrency in the UK? In this how-to guide we’ll review a regulated crypto exchange and the best app<\/a> to buy cryptocurrency.<\/p>\n[table_of_content]\n

Where to Buy Cryptocurrency In The UK<\/h2>\n
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    \n
  1. eToro<\/a> – Overall best place to buy crypto in the UK<\/li>\n
  2. OKX<\/a> – User-friendly exchange to buy cryptocurrency<\/li>\n
  3. Bybit<\/a> – Buy and Sell Cryptocurrencies using Fiat and Crypto<\/li>\n
  4. Evonax<\/a><\/li>\n
  5. Huobi<\/a><\/li>\n
  6. Crypto.com<\/a><\/li>\n
  7. Uphold<\/a><\/li>\n<\/ol>\n<\/div><\/div>\n

    Best UK Crypto Exchanges in March 2025<\/h2>\n

    If you are looking for the best place to buy cryptocurrency in the UK, the list of brokers above have been selected because of what they offer – low fees, a reasonable minimum deposit, regulatory oversight, user-friendliness, and high liquidity.<\/p>\n

    They can also be used to buy Ethereum (ETH) which can then be used to buy NFTs<\/a> (non-fungible tokens), a popular new emerging market alongside cryptocurrencies.<\/p>\n

    How to Buy Cryptocurrency UK – Quick Guide<\/h2>\n

    If you do not have the time to go through the guide and quickly want to know how to buy cryptocurrency in the UK, these quick-fire steps should set you on the right path.<\/p>\n

    eToro is our recommended crypto broker, and we will be showing you how to buy any cryptocurrency you want on the social trading platform.<\/p>\n

      \n
    1. Sign-up on eToro<\/strong>: Navigate to the eToro website<\/a> and click on ‘Join Now’ to provide your full name, email address, mobile number, username, and password. You can also register with your Facebook or Google account.<\/li>\n
    2. Verify ID<\/strong>: You will need to provide some form of identification to verify your account. You can do this by uploading a snapshot of your driver’s license or government-issued ID card and a recent copy of your utility bill or bank statement to show proof of address.<\/li>\n
    3. Fund<\/strong>: You can fund your account using a bank transfer or any accepted payment method.<\/li>\n
    4. Buy Crypto<\/strong>: To buy the cryptocurrency of your choice, type in the digital asset’s ticker symbol and click ‘Trade’ on the applicable result. Insert the amount of the asset you want to buy and click on ‘Open Trade’ to complete the transaction.<\/li>\n<\/ol>\n

      eToro Tutorial – Step by Step<\/h2>\n

      We recommend using eToro to buy crypto within the UK.<\/p>\n

      In this section, we will give you detailed steps to get started.<\/p>\n

      Step 1: Open an Account with eToro<\/strong><\/h3>\n

      The first step will be to sign-up on the eToro website. To do this, click on ‘Join Now’ on the top right-hand corner and provide a few details.<\/p>\n

      \"Sign<\/p>\n

      This usually entails your full name, mobile number, username, email address, and password.<\/p>\n

      You can also choose to skip this typing process by registering with either your Facebook or Google account.<\/p>\n

      Step 2: Verify your Identity<\/strong><\/h3>\n

      You will need to complete the know-your-customer (KYC) process to unlock your new account. This process can also be completed online. What is required here is to take a snapshot of your driver’s license or official ID card.<\/p>\n

      Then upload a snapshot of a recent utility bill or financial statement reflecting your proof of address. After this, eToro will set about verifying your account.<\/p>\n

      Step 3: Fund your Account<\/strong><\/h3>\n

      The next step is to make a deposit. This can be done by clicking on the action tab and tapping the ‘Deposit Fund’ button.<\/p>\n

      Fill in the amount you want to fund your account and select the payment method you want to use. eToro supports a decent number of payment processors.<\/p>\n

      Step 4: Buy Cryptocurrency<\/strong><\/h3>\n

      The final step will be to buy the cryptocurrency you want to invest in. You can complete this process by typing into the search bar the ticker symbol of the virtual currency you want to buy.<\/p>\n

      \"Buy<\/p>\n

       <\/p>\n

      For instance, if you intend to buy Bitcoin on eToro, type ‘BTC’ into the search tool and click on ‘Trade’ to be taken to the order page.<\/p>\n

      Here, you can insert how much BTC you want to buy and click on ‘Open Trade’ to complete the transaction.<\/p>\n

      Step 5: Download The eToro Mobile App (Optional)<\/h3>\n

      \"eToro-Mobile-App-768x638\"<\/p>\n

      This step is entirely optional and you can choose to sidestep it. However, if you want to keep track of your investment while on the move, we recommend downloading the eToro Mobile App. It comes with the exact functionalities as the web platform and you can also store your cryptocurrencies here.<\/p>\n

      It is also complete with the required set of security protocols to ensure that no other person besides yourself has access to your account.<\/p>\n

      The eToro Mobile App is available on both Android and iOS devices and you can download it on the applicable mobile app stores.<\/p>\n

      Where To Buy Cryptocurrency In The UK<\/h2>\n

      If you are searching for the best place to buy cryptocurrency in the UK, these mini-reviews should give you an insight into which broker or exchange to use.<\/p>\n

      1. eToro – Overall Best Platform to Buy Cryptocurrency in the UK \"eToro\"<\/h3>\n

      Established in 2007, the social trading platform eToro<\/a> is the best place to buy cryptocurrency in the UK.<\/p>\n

      Its main office is in Canary Wharf, London, and the platform is known for its social trading functionality.<\/p>\n

      \"etoro<\/p>\n

      Past performance is not an indication of future results.<\/em><\/p>\n

      Don’t invest in crypto assets unless you’re prepared to lose all the money you invest<\/em><\/p>\n

      In the aspect of fees, eToro offers competitive prices. On eToro, you can buy most of the popular digital currencies including Bitcoin (BTC) and Ethereum (ETH). You can also make payments on eToro through a variety of payment methods. eToro has a minimum deposit of $10 (~8 GBP).<\/p>\n

      eToro is respected for its CopyTrade feature that allows users to mirror the successful trades of more advanced investors. This feature has proven successful for many as it allows users to mirror the strategies of expert analysts, and to tweak them to match their risk tolerance. The platform further provides a demo account that allows investors to test strategies without risking their funds.<\/p>\n

      The eToro Money Crypto Wallet is also a safe place to store a variety of Web3 assets, being well suited to UK residents looking to invest in crypto.<\/p>\n