Bitcoin buying price in uk

Dean 8th April I will NOT spam you with useless rubbish. If not, let me know! Penguin 20th November Option 1 cannot be fully executed for 5 days, while this second option allows you to buy at equivalent rates in just 2 days. From your description, I was expecting Coinbase to give me its own bank account details, which I would then enter into Revolut.

The State of Bitcoin in the United Kingdom

One of the problems with bitcoin is actually getting hold of the stuff. Most of us are not bitcoin miners which leaves us with the need to purchase cryptocurrency with fiat funds. Here we take you through the best ways to get hold of bitcoins in the UK. For anyone who is new to bitcoin, and currency trading in general, one of the most arduous things to get done is register with a cryptocurrency exchange. With every exchange you normally have to jump through hoops to prove your identity which means anonymous trading is out of the question, unless you are very good at faking identities. Before you start, make sure you have scans of some photo ID passport or driving licenceand several utility bills that prove you live where you say you live.

The Regulatory Environment

Read my full disclaimer for more information. The cheapest way to buy bitcoin in the UK is by depositing GBP into Coinbase, then transferring the funds over to Coinbase Pro where you can buy at the real exchange rate, with low fees. However, this route is slow. My preferred way of buying bitcoin in the UK is through Wirex. Skip down to this section to learn more about Wirex, or just head over to their website to get started ASAP. Exchange Rate.

Cheapest Place to Buy Bitcoin in the UK

Thanks for commenting and letting me know. I would recommend chunking your transfers. We may receive compensation when you use Coinbase Pro. Wirex are just passing along the blockchain fees, which look to have spiked recently. I really appreciate the detailed reply, I came across Fire. While Bitfinex can be helpful for buying large amounts of bitcoins, it is probably best to not use the exchange until it fully compensates affected users.