Buy Bitcoin in the UK
With the long history of banking in the City of London, there are many lovers and haters of bitcoin in the United Kingdom. Having a decentralized store of value anyone can own and control, could affect the city’s offshore businesses that have been popular for decades. Fortunately, some of the bankers have adopted and moved quickly to give the British tons of options for buying and selling that we’re always keeping an eye on.
Best Bitcoin Exchanges in the UK
As we’re always clear about, the most popular exchanges are not always the best exchanges for everyone in Britain. There are many variables noted below the list for the options available such as credit card acceptance, debit cards and anonymous purchases with no ID verification. The most trustworthy exchanges are going to be the largest in daily volume of bitcoin sold, years in business and customer satisfaction with deposits and withdrawals. Reddit is a great source for checking on the worst exchanges that have come and gone years ago, but we’ve gone through them all though to save everyone time.
Our current list of Best UK Bitcoin Exchanges for 2020:
|CoinFloor||Peer to Peer London Bitcoin Exchange||Yes||GBP|
|BITTYLICIOUS||Peer to Peer Bitcoin Exchange||Yes||GBP|
|CryptoPay||Bitcoin Credit Cards||Yes||GBP, EUR, BTC|
|Kraken||Exchange / Trading Platform||Yes||EUR, CAD, USD, GBP, JPY, BTC, ETH, XMR, XRP, many more|
|Spectrocoin||Exchange / Trading Platform||Yes||USD, EUR, GBP, RUB, HRK, UAH, KZT, Perfect Money, Skrill, Payeer, OKPay|
|Bitpanda||Exchange / Trading Platform||Yes||EUR, CHF, GBP and USD. BTC, ETH, LTC and Hundreds of Altcoins|
|LocalBitcoins||Peer 2 Peer Bitcoin Purchases and Sales||Yes||National Currencies Around the World and Bitcoin|
|Coinbase||Exchange / Trading Platform||Yes||USD, CAD, AUD, GBP, EUR|
Buying Bitcoin with Credit Cards in the UK
Along with debit cards and bank wires, credit cards are obviously the most popular option for buying bitcoin in the UK, since PayPal isn’t an option at exchanges currently.
Bittylicious, Coinbase, Changelly, Kraken, Paxful and Coinmama are the ones to go to for easy credit card deposits. The last two, being anonymous exchanges, purchasers are primarily using Visa and MasterCard gift cards for purchasing bitcoin on the exchanges.
Buying Bitcoin Anonymously in the UK
There is nothing like having your data stolen by a bank or online site to make someone care about privacy, online crypto payments and transfers are no different. No verification or ID bitcoin exchanges are covered extensively on our anonymous exchanges area, favorites include bisq, HodlHodl and Changelly currently with us, Paxful has an interesting anonymous exchange that many are using as well though.
The best anonymous bitcoin exchanges for UK residents currently are:
|Anonymous Exchanges||United Kingdom||Type||KYC||Currencies|
|BISQ||Anonymous Person to Person Exchange / Trading Platform||No||AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR (More)|
|HodlHodl||Person to Person BTC Exchange / Trading Platform||No||AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR (More)|
|LocalCoinSwap||Anon P2P Exchange||No||ARS, AUD, INR, USD|
|Binance||Trading Platform||No |
|BTC, ETH, LTC, Hundreds of Alt-coins|
|Paxful||Anonymous Bitcoin Purchases||No||Western Union, MoneyGram, Visa Prepaid Cards, Amazon Gift Cards|
|CoinMama||Exchange||Under $150 No||Visa, MasterCard, AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR|
|Changelly||Anonymous Bitcoin and Altcoin Purchases||No||CAD, USD, GBP, BTC, ETH, LTC and Hundreds of Altcoins|
But wait…there’s more. With over 200 bitcoin ATMs in the United Kingdom, although the fees on some can be dodgy, there are a few operators that won’t mess around and keep them fair.
There is also the option of bitcoin meetups, surely one of the 800 members of the Manchester bitcoin group, or somebody from one of the many London bitcoin meetups, would be willing to sell someone bitcoin.
Just beware of the large Bitcoin Cash scene in London. Unless any are willing to sell you Bitcoin for the price bitcoin exchanges are selling Bitcoin Cash at currently, it is probably not a “better” version of bitcoin as many like to claim.
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