Review: Bitcoin UK cryptocurrency exchange

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Buy Bitcoin quickly and easily with this UK Bitcoin brokerage service.

  • Good for quick and simple Bitcoin purchases.
  • Not so great for credit card payment fees.

1

Fiat currencies

1

Cryptocurrencies

Details

Product Name Bitcoin UK Cryptocurrency Exchange
Fiat Currencies GBP
Cryptocurrencies BTC
Deposit Methods Bank transfer
Credit card
Trading Fee Fees vary
Deposit Fees Fees vary
Withdrawal Fees Fees vary

Pros

  • A very simple system to use
  • Lets you buy bitcoin at hundreds of physical locations around the UK

Cons

  • Expensive
  • Only supports bitcoin
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Learn more about Bitcoin UK

What fiat and cryptocurrencies are supported?

  • Supported fiat currencies: GBP
  • Supported cryptocurrencies: 1 cryptocurrencies
  • BTC

Which payments methods are accepted?

  • Bank transfer
  • Credit card
Go to Bitcoin.co.uk's website

What’s it like to use Bitcoin UK?

Fees and limits

Platform trading fees

The fees below are accurate as of 6 September:

Payment option Fees
Bank payment 3% commission
Credit card 3% commission plus 5% (£10 minimum)

Deposit, withdrawal and transfer fees

The transfer costs may include fees charged by your bank or card provider, such as exchange fees.

Network fees may apply to cryptocurrency transfers.

How fast will my funds be available?

Payment

Clock icon for transfer speed

Varies

Once you create an order, you will have 120 minutes to initiate your payment to receive your Bitcoin order.

Payments may complete almost instantly or take several days depending on the payment method and factors such as what bank you use, your location and the time of day.

Is Bitcoin UK safe to use?

  • Regulation. Bitcoin UK is a registered business in the Netherlands, and it complies with AML/KYC obligations around the world.
  • Verification process. Bitcoin UK requires users to verify their identity before they can buy Bitcoin.
  • Security features. Bitcoin UK is a non-custodial exchange, meaning it doesn’t hold your funds. Instead, it just transfers Bitcoin directly to you after you place your order. This means there’s no risk of losing your funds to an exchange hack.

How do I create an account at Bitcoin UK?

Go to Bitcoin.co.uk's website

What else do I need to know about Bitcoin UK?

Bitcoin UK is the UK-based branch of an international Bitcoin brokerage, founded in Australia in 2015.

In a nutshell

Pros

  • Simple. Buying Bitcoin is very straightforward on Bitcoin UK.
  • Non-custodial. You don’t have to entrust your crypto to an unknown exchange.
  • Easy payments. Between bank transfer and card payments, you have two easy options.

Cons

  • High fees for card payments. Bitcoin UK has a 3% commission for bank transfers, but fees of at least 8% all up for credit card payments.
  • Limited selection. You can only buy Bitcoin at Bitcoin UK.
  • Unpredictable transfer times. How long it takes to receive your cryptocurrency may vary.

Compare Bitcoin UK against other exchanges

Table: shows partner brands and other brands, sorted by popularity
Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
Bank transfer (SEPA)
SWIFT
Wire transfer
Faster Payments Service
GBP, EUR, USD, CAD, SGD, AUD, JPY, MXN
BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, XMR, TRX and 50+ more
BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Credit card
Debit card
PayPal
Wire transfer
Local Online Banking
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK, ZAR, JPY, SEK, CNH, TRY, RUB, HUF, MXN, PLN
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, BNB, XTZ
Disclaimer: Highly volatile investment product. Your capital is at risk. 75% 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.

Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD, CHF
BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DASH, XMR & 15+ more
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.

Compare up to 4 providers

Frequently asked questions

Go to Bitcoin.co.uk's website

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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