fbpx

Sponsored: How to invest in Bitcoin UK – beginner’s guide

how to invest in bitcoin uk

Many people are wondering how to invest in Bitcoin in the UK, and for good reason. It’s the largest crypto across the board with a market cap of $798bn.

In this article, we’ll explain how to invest in Bitcoin in the UK and the different Bitcoin investing strategies that you can use right now.

How to invest in Bitcoin UK – quick guide

Here’s a quick and easy guide on how to invest in Bitcoin in the UK

  • Step 1: Open an account with eToro: Head over to the eToro homepage and click on “Join Now.” Enter your email and password. 
  • Step 2: Deposit: eToro allows you to deposit using payment processors, cards, and bank transfers. Choose which works best for you. 
  • Step 3: Search for Bitcoin: Look for “Bitcoin” on the search bar and click on “Open Trade.” 
  • Step 4: Invest: Enter how much money you’d like to spend investing in Bitcoin and click on “Trade.” 

Where to Invest in Bitcoin in the UK

If you’re looking for how to invest in Bitcoin in the UK, several platforms allow you to do that easily. 

The best of the bunch include: 

  • eToro: the best place to invest in Bitcoin 

eToro is one of the most popular Bitcoin trading platforms to conduct Bitcoin investing. The online broker offers simplicity and a host of impressive features that will make your journey smooth.

Built in 2007, eToro currently operates in over 100 countries worldwide. eToro is regulated by the SEC, FCA, ASIC, and CySEC.

With over 45 cryptos to buy and sell, you can also store your crypto assets securely in the eToro money crypto wallet which supports unlosable private keys. 

At the same time, eToro offers a minimum Bitcoin investment of just $10. This means that the barrier to entry on eToro is pretty small, and you can get started as quickly as possible. 

Whether you’re a beginner or a professional investor, eToro undoubtedly has something for you. With commission-free trading, it allows you to enjoy maximum savings on your investments. 

Another impressive feature of eToro is its CopyTrader feature. Here, you get to copy the moves of some topmost traders on the platform. This way, you make money when they do. For beginners still learning the ropes, this can be a huge benefit.  

Invest in Bitcoin on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

  • Huobi: invest with low fees

Huobi is currently one of the biggest crypto exchanges in the world. Its place atop the CoinMarketCap rankings is solidified.

The exchange also makes good with several additional features to earn money with your holdings. 

Founded in 2013, Huobi is based in Seychelles but operates out of its headquarters in Singapore. The exchange operates based on a regulatory exemption granted by the Monetary Authority of Singapore (MAS), and its services are available in over 100 countries. 

The benefits of Huobi start with its size. The exchange is highly liquid, allowing customers to come in and trade as they like. With Huobi, you can rest assured that your Bitcoin order will be processed in seconds.

Huobi offers an advanced trading platform for sophisticated traders to make money. Here, you can access tools like derivatives, options, and more. 

If you’re looking for how to invest in Bitcoin in the UK, you should consider this platform.  

Invest in Bitcoin on Huobi

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

  • Crypto.com: great for newbie investors

Crypto.com has been stepping its game up in the market and is now a top-tier crypto exchange. Whether you know it from one of its many commercials or you’ve always been a fan, there’s no denying that it’s one of the best platforms for Bitcoin investment in the UK. 

Based in Singapore, Crypto.com has been operating since 2017. It is currently registered with the Malta Financial Services Authority (MFSA), and it operates in over 50 countries.

As you’d expect from a top-tier exchange, Crypto.com is highly liquid. The platform allows you to buy Bitcoin in seconds.

Also, its support for over 150 cryptocurrencies means that you can convert your BTC to almost anything here. So, if versatility is a big point for you while reviewing places of Bitcoin investment in the UK, Crypto.com has you covered. 

Besides being easy to use, Crypto.com also offers benefits for fee-conscious traders. It charges no fees on transactions, and its trading fees are among the lowest in the market. 

Invest in Bitcoin on Crypto.com

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

Is Bitcoin a good investment?

So, you might be asking yourself, “Should I invest in Bitcoin?” Perhaps these reasons could help convince you: 

  • A Global Asset

Everyone – from the small business around the corner to the biggest financial conglomerates – now recognises the value of Bitcoin. Many people are looking to get their hands on some.

With such a global reach, Bitcoin holds an important place in the world right now. 

  • A Better Way of Transacting

Another reason that Bitcoin investments in the UK are so popular is that it helps with seamless transactions. 

Bitcoin is instant and cost-effective. Its global appeal means that anyone on the end of a Bitcoin transaction can easily convert it to cash. 

So, instead of dealing with payment processors and their fees, why not just use BItcoin?

  • Still a Lot of Upside to Attain

Bitcoin is still about 33% down from its all-time high, even with the current market jump. This means that if you get in now, you could get a lot of gains when the bull market kicks into high gear.

The appeal for Bitcoin continues to rise. As more people invest in it, you will see price gains over time.  

Choosing a Bitcoin wallet for investing

One vital aspect of investing in Bitcoin is choosing a crypto wallet. These platforms make it easy for you to receive and send Bitcoin, offering security and speedy transactions round the clock. 

Generally, there are three major types of Bitcoin wallets: 

  • Hardware wallets: Physical devices that store your coins and aren’t connected to the internet.
  • Software wallets: Platforms on your computer that allow you to store your BTC and make seamless transactions.
  • Mobile wallets: Built into your mobile phone, these wallets make transactions convenient. 

If you would like to use a wallet, we recommend using the eToro Money wallet. The wallet provides ease of use and seamless transactions. 

You get a highly secure and durable wallet that ensures your coins are never in the wrong hands.

What is the best way to invest in Bitcoin in the UK?

Another critical thing to note is that you need a Bitcoin investment strategy when approaching the market. Generally, you can choose one of the following: 

  • Buying Bitcoin 

This is the easiest Bitcoin investment strategy. Here, you simply purchase Bitcoin directly from a broker. You could trade or you could leave it and let the price gain. 

We’ve outlined different platforms that allow you to buy Bitcoin, so feel free to choose any of them. 

  • Investing in Bitcoin Stocks 

You can also buy Bitcoin stocks. Essentially, these are companies that either invest in Bitcoin directly or offer crypto services. Some top Bitcoin stocks include MicroStrategy (MSTR), Coinbase Global (COIN), and Block Inc. (SQ).

On how to invest in Bitcoin stock, we recommend choosing a broker like eToro that offers access to the stock market. 

How to invest in Bitcoin and make money – example

Imagine you buy Bitcoin right now for $45,000. If you’re a long-term trader, you could simply wait for Bitcoin’s price to jump. The asset’s all-time high is $67,900, marking an impressive return on your investment. 

Or, you could buy Bitcoin and trade it, benefiting from daily price changes. At the end of the day, the rule is the same; buy low, sell high.  

How to Invest in Bitcoin Tutorial

Now, let’s see how best to invest in Bitcoin. eToro is our preferred choice and we provide you with a step by step guide on how to invest below.  

  • Sign up 

Go to the eToro homepage, and click on “Join Now.” Enter your email and password, and confirm your email. 

  • Verify your identity 

Click on the “Verify” button on the prompt and proceed. You will need your government-issued ID and proof of residence. 

  • Deposit your funds   

Click the  “Deposit” button on the profile page. eToro allows you to deposit using bank transfers, payment processors, and cards. 

  • Buy Bitcoin 

Type “Bitcoin” in the search box. Click on “Open Trade”,  enter how much you’d like to buy, then click on “Trade”.

Conclusion

Investing in Bitcoin is undoubtedly a great way to secure your financial future. And, with more people learning about the asset, this seems like as good a time as any to get into the space. 

If you’d like to start with Bitcoin, we recommend using eToro. It’s easy to use, and it offers benefits like a low minimum balance and a CopyTrader feature for you to enjoy. 

Invest in Bitcoin on eToro

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This article is part of a paid partnership with Finixio on behalf of financial services company eToro.