Cryptoasset investing is unregulated in the UK. There's no consumer protection. The value of investments can fall. Capital gains tax on profits may apply.
BC Bitcoin review 2022
A 2022 Finder review of the BC Bitcoin cryptoasset brokerage.
- Personalised services with exposure to many cryptocurrencies
- Minimum order policy and high fees
See our full list of pros and cons below.
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2
Fiat currencies
192
Cryptocurrencies
Details
| Product Name | BC Bitcoin Cryptocurrency Broker |
|---|---|
| Fiat Currencies | GBP, EUR |
| Cryptocurrencies | BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, DOGE & 180+ more |
| Deposit Methods |
Credit card Debit card Faster Payments (FPS) BACS Instant SEPA |
| Trading Fee | 5% (BTC 4%) |
| Deposit Fees | £0 |
| Withdrawal Fees | £0 |
Overview of BC Bitcoin
BC Bitcoin is a “bespoke” cryptoasset brokerage that acts as a guide and middleman for individuals and companies to execute crypto asset investments. By emphasising customer service via email, phone and live chat, BC Bitcoin is filling the needs of investors who would rather not manage their crypto personally.
Since 2016, BC Bitcoin has been a registered business under the legal name, “J&M Trading Limited”, and as of April 2022, the company has transferred the business to “UAB JM Trading”. Providing accessibility for investors seeking exposure to cryptoassets, BC Bitcoin executes trades on crypto assets on behalf of clients, and also offers a storage service if clients don’t want custody of their own assets.
- If this is your first exchange: Be aware of minimum order quantities for each crypto, and the lack of a trading terminal.
- If you’re switching exchanges: BC Bitcoin could be a long-term personalised trading option for you, but you can conduct trades on your own.
Pros and cons of BC Bitcoin
Pros
- Direct deposit for recurring investing services
- Efficient customer service to guide your trading decisions
- Easy-to-use user interface makes the experience uncomplicated
- Exposure to more than 207 different cryptoassets
Cons
- Limited crypto trading options (no earning)
- Trades can only be executed during regular business hours
- High minimum investment limits deter small-scale investors
- Only GBP and EUR currencies are supported
- High fees
Verdict: Is BC Bitcoin any good?
BC Bitcoin can be considered a trustworthy trading service for individuals and companies not seeking to execute on their crypto assets personally. Minimum investment limits and a focus on customer service indicate that BC Bitcoin aims to serve individuals and companies with large transaction sums, and/or the less technically inclined. For a guided service that also offers a coin storage solution, BC Bitcoin can be a useful brokerage.
What to know about BC Bitcoin
BC Bitcoin is a well-designed platform that helps investors gain access to a wide variety of cryptocurrencies in a customer-friendly way. Limited to no knowledge about cryptocurrency is expected to get started with BC Bitcoin, but a minimum investment of £200 to £1,000 and high fees should be expected. The platform has a secure track record thus far, but it doesn’t indicate any level of insurance to secure against losses. BC Bitcoin will be a good platform for anyone with a beginner-level understanding of cryptocurrency, and would like to be guided in making trades.
Finder ratings
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Fiat withdrawal and deposit fees
| Deposit | Withdrawal |
|---|---|
| N/A | N/A |
Crypto withdrawal and deposit fees
| Deposit | Withdrawal |
|---|---|
| N/A | N/A |
What is it like to use BC Bitcoin?
BC Bitcoin’s website is easy to use and more than sufficient for the limited services it has to offer. The overall style of the website seems somewhat dated, but functions as expected and should be easy to navigate for beginners.
Does BC Bitcoin have good customer support?
BC Bitcoin’s focus on customer service translates into prompt email and live chat responses, and even telephone support if necessary. BC Bitcoin representatives are typically friendly and knowledgeable.
| Support offered | Wait times | |
|---|---|---|
| ✅ | 1 business day | |
| Live chat | ✅ | ~1 minute |
| Telephone | ✅ | 15+ minutes |
List of services on BC Bitcoin
Trust rating
Signing up on BC Bitcoin
Compare BC Bitcoin against other exchanges
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Frequently asked questions about BC Bitcoin
Is BC Bitcoin safe?
The positive track record of BC Bitcoin's platform coupled with the KYC requirements indicates that the platform is secure.
Can I use BC Bitcoin in the US?
BC Bitcoin's services are not available in the US.
What can I buy on BC Bitcoin?
There is a selection of more that 207 of the most popular cryptocurrencies available on BC Bitcoin
Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.