How to buy Bytom (BTM) in the UK

Learn how to buy Bytom (BTM) in our step-by-step guide.

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

You can buy Bytom (BTM) on a cryptocurrency exchange like BC Bitcoin. These specialised marketplaces allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Bytom is a Chinese blockchain project that is developing a protocol to combine multiple assets into one blockchain solution. Here's how to buy Bytom.

How to buy Bytom in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Bytom is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit £ using the payment method that best suits you – credit card, debit card, faster payments (fps) and bacs payments are widely accepted.
  4. Buy Bytom
    You can now exchange your funds for Bytom. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Bytom to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

Where to buy Bytom in the UK

Find an exchange to buy, sell and trade BTM by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
1 - 2 of 2
Name Product Deposit methods Fiat Currencies Cryptocurrencies
BC Bitcoin Cryptocurrency Broker
Credit card, Debit card, Faster Payments (FPS), BACS, Instant SEPA
GBP, EUR

191
cryptocurrencies

BC Bitcoin is a cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

354
cryptocurrencies

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Compare up to 4 providers

How do I find the best places to buy Bytom?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Bytom?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Bytom.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing BTM with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy Bytom?

The easiest way to buy BTM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying BTM, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Bytom has been performing recently.

Best Bytom wallets to store your BTM

You can keep your BTM 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 BTM below.

Ledger Nano X Wallet

TREZOR Model T Wallet

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Supported assets

5,500+

Supported assets

1,450+

Price (USD)

$149

Price (USD)

$213

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

Is Bytom a good investment?

Cryptocurrencies are not only highly volatile, they’re also quite complicated. There are myriad factors that can influence the price movements of different digital coins and tokens, so it’s essential that you do your own research before deciding whether or not you should buy.

If you’re thinking of purchasing any BTM, remember to consider the following factors:

  • Use-case: As the native asset of the Bytom blockchain, Bytom Coins represent both right of ownership of the Bytom platform and the right to use it. BTM can be used to pay transaction fees for asset trading, pay dividends of income assets and as deposits for asset issuance. The maximum supply is capped at 2.1 billion tokens.
  • Partnerships: As the space for independent blockchains becomes more competitive, the necessity for major partnerships is extremely important. Adoption, use-case and development of blockchains can all be highly influenced by inking a major deal. For example, Bytom’s 2021 partnership with Moonstake was a major factor in Bytom moving to a Proof-of-Stake consensus mechanism.
  • Development team: Bytom is led by Chang Jia, the founder of Chinese crypto news site 8btc, and former OKCoin president Duan Xinxing.
  • Bytom 2.0: The Bytom team upgraded from a proof-of-work to proof-of-stake model in order to enhance economic security and become more entrenched in the DeFi ecosystem. They outlined the transition by updating their whitepaper, which can be accessed on their website.

Additional information about Bytom can be found using our BTM analysis tools.

Today's Bytom price versus ATH

Compare today's price of Bytom ($0.01104676 USD) against its all-time-high price of $1.16 USD on 24 April 2018. The closer the bar is to 100%, the closer BTM is to reaching its ATH again.

Bytom's price: $0.01104676
ATH date: April 24, 2018
0.95%

Bytom ATH: $1.16


How to trade, convert or sell Bytom

You can convert or sell your BTM with the same exchange you bought it through:
  1. Sign in to the exchange you have BTM on.
  2. If you store your Bytom 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 BTM you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Bytom.
  6. Complete your transaction and move your BTM 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.

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