Cryptocurrency Exchange for Bitcoin, Ethereum & Altcoins

Once you fund your account, browse through the listed coins and choose the one you’d like to purchase, most popular coins include Bitcoin, Ethereum, and Tether. After you choose the right one, decide how much you’d like to invest and place your order. Almost every cryptocurrency exchange that allows you to buy coins with your pounds requires you to verify your identity with a government-issued ID. You may also need to submit your email address, phone number, and proof of address. Market capitalisation is a metric used to measure the size and popularity of a cryptocurrency based on its current price and the volume of the cryptocurrency in circulation. The higher the market cap, the more popular the cryptocurrency is.

investing in cryptocurrency uk

This enables investors to passively copy the positions of a successful trader. Another factor to consider when choosing a Bitcoin broker is the type of investment tools it offers. In addition to Bitcoin, this includes everything from Litecoin, Dash, Cardano, and Dogecoin to Ripple, Bitcoin Cash, and Ethereum.

Investors that Invested in Companies in This Hub

Blockchain is a vast public ledger account that records every transaction ever made. Spearheading this phenomenon is bitcoin, the first cryptocurrency to have been created. But whether it’s bitcoin, euretherum, litecoin or even dogecoin, it seems that one minute their value is rocketing, only for it to plummet moments later. Please note that the availability of the products and services on the App is subject to jurisdictional limitations.

investing in cryptocurrency uk

UK lawmakers are also demanding that crypto investments in Britain be regulated, in much the same way as the country’s gambling industry. Marketing firms must also introduce a cooling-off period for first-time crypto investors. Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3.

List of Cryptocurrency Investing Platforms

This means you will find several links to third-party websites or financial service providers on this website. If you click on any of these links and make a purchase, we might earn a commission. We use this commission to keep our website and social media pages running. If you need someone qualified to help you make financial decisions, such as what to invest in, we strongly recommend that you seek advice from a suitably qualified financial adviser. There are many websites where you can find financial advisers in the UK. For more information on taxes on cryptocurrency, please read the Government’s guidance.

  • The platform stands out because it is highly regulated, unlike other cryptocurrency trading platforms.
  • These transactions are vetted by a technology called a blockchain.
  • You can use your computer or smartphone to buy and sell coins quickly and easily.
  • Newbies will see the coin falling and sell their stack to prevent more “losses”.

We’re here to help everyday investors enter the exciting world of alternative assets, which until now has only been accessible to the top 1%. While on the subject of security, you might have investing in cryptocurrency uk heard of horror stories of people losing their online wallets or the passwords to access them. So it goes without saying that you should take great care in storing all your information.


In theory, the tokens cannot be hacked by a third party as the wallet is never connected to the internet. For example, eToro has a simple commission structure that amounts to 1% of the overall trade. Moreover, eToro also supports stocks, ETFs, forex, commodities, and indices. The checklist below covers the most important factors to research before opening a brokerage account. There are many considerations to make when choosing the best Bitcoin broker in the UK. If there isn’t £2,000 worth of liquidity at the current market price, this will result in slippage.

investing in cryptocurrency uk

Lots of investment options – Make sure that you find a crypto exchange that offers the coins and tokens you want to invest in. Many on our list have lots of options, but others may be limited. AQRU is short for Accru Finance Ltd, a London-based financial company that focuses on crypto savings accounts. AQRU currently supports five cryptocurrencies, all of which can be purchased directly with both crypto or via Moonpay . Upholdoffers simple solution to trading multiple assets — open one account and trade multiple assets without making a trip back to cash. If you’ve every traded crypto, you’ll know a lot of coins and tokens only trade in certain pairs, so you’re always going back to BTC or ETH.

Best cryptocurrencies to invest in 2023 for the long-term

This prevents emotional trading and often results in better returns. ‍Bither Wallet – Simple and secure; includes cold and hot modes; accessible via several platforms and devices. It facilitates affordable digital peer-to-peer cross-border transactions with zero interference from a bank or government.

investing in cryptocurrency uk

With eToro, you can trade over 70 cryptocurrencies, including popular coins like Bitcoin, Ethereum, Tether, XRP, Binance Coin and Dogecoin. Mobile and desktop wallet offers a single platform with more than 500 cryptocurrency wallets and tokens. The wallet provides native support for as many as 125 blockchains plus 382 tokens for a total of 507 digital assets.

Is cryptocurrency a good investment

Cardano’s native cryptocurrency, ADA, is used for staking and paying network fees. There are also many platforms that offer crypto savings accounts, which generally pay much higher interest rates than banks do on traditional savings accounts. Staking and saving can be done at the click of a button on platforms like Binance and Coinbase. Trading traditional financial assets can feel inaccessible for many.

How to buy cryptocurrency in the UK: step-by-step

Before choosing a Bitcoin broker in the UK, it is also important to assess what will happen to the crypto tokens after completing the purchase. CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money. The number one piece of advice is to never invest more than you can afford to lose. This means you can start off by investing small amounts while you get comfortable with using your platform and develop your knowledge. Finally, even if you don’t lose your crypto, the volatility of the market means that it’s possible your coins could suddenly be worth a lot less.