How to buy Bitcoin BEP2 (BTCB) in the UK

Where to buy Bitcoin BEP2 in the UK

Unfortunately, at this time no major exchanges in the UK offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best Bitcoin BEP2 wallets to store your BTCB

You can keep your BTCB on the exchange you purchased it on, or move it to a personal wallet:

• Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
• Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your BTCB below.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Bitcoin BEP2 a good investment?

Bitcoin BEP2 token is a Binance native asset, which allows for easy-to-use functionalities within the ecosystem. Its price is pegged to Bitcoin, and increases trading volume for Bitcoin trading.

• Centralisation. This is an important concern with regards to Bitcoin BEP2. The Binance chain, on which BTCB is launched and traded, only allows 11 validators, all of which have been selected by Binance. Due to this single point of failure, if anything were to happen to Binance, the Bitcoin BEP2 token would also be susceptible to vulnerabilities.
• Competitors. This is not the only tokenised version of Bitcoin. Wrapped Bitcoin which is used on the Binance Smart Chain and RenBTC, which runs on the Ethereum blockchain using the RenVM protocol, are 2 other alternatives.
• Not the real thing. Given Bitcoin BEP2 is a crypto-pegged token on the Binance Chain, keep in mind you are not buying the asset itself. You are essentially buying a tokenised version of Bitcoin. This means it can only be used for interacting with protocols on Binance and the Binance DEX, but cannot be used in conjunction with the Bitcoin mainnet, or other blockchains. It's also important to remember that when withdrawing Bitcoin from Binance into a personal wallet or another exchange, proper protocol must be used. BEP2 tokens only work within the Binance ecosystem.
• Intermediate entry barrier. Binance requires an intermediate level of expertise when interacting with its blockchain. Because it allows Bitcoin on its standard trading, when using Bitcoin BEP2 on its DEX, it can overcomplicate a beginner. We recommend having the appropriate level of knowledge before interacting with Bitcoin BEP2 and the Binance DEX.

Today's Bitcoin BEP2 price versus ATH

Compare today's price of Bitcoin BEP2 ($27154 USD) against its all-time-high price of $73830 USD on 10 November 2021. The closer the bar is to 100%, the closer BTCB is to reaching its ATH again.

How to trade, convert or sell Bitcoin BEP2

You can convert or sell your BTCB with the same exchange you bought it through:

1. Sign in to the exchange you have BTCB on.
2. If you store your Bitcoin BEP2 in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of BTCB you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Bitcoin BEP2.
6. Complete your transaction and move your BTCB to a wallet for storage.

* 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.