There are a few ways to buy bitcoin uk and each has its own costs. Purchasing directly from a bitcoin seller is often the cheapest option, however there can be risks if you don’t choose a trusted seller. Other options include using a crypto exchange that offers low fees (e.g. Luno). These exchanges offer wallets that are secure to hold your crypto and can be used to send it to others at no cost. The other cost-effective way to purchase bitcoin is by using a credit or debit card on an exchange, such as eToro1.Try it now

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This FCA-regulated exchange offers low trading fees, high liquidity and a variety of payment methods. UK users can buy cryptocurrency with GBP fiat funds via bank wire or SEPA transfers, as well as credit and debit cards (Visa and MasterCard). eToro also has an ISA-compatible version. Its user base is large and its security measures are in place to prevent money laundering and fraud. Buying cryptocurrencies on this platform requires verification of identity to meet UK regulations. However, it is easy to set up a wallet that supports a wide range of assets. There are also a number of Bitcoin ATMs in the UK that offer an immediate method for purchase. These machines are similar to cash machines and allow you to deposit cash to receive crypto straight into a digital wallet. Be aware that these purchases are taxable in the UK as they are considered property by HMRC.