When looking to buy and sell Bitcoin, you need a crypto exchange or broker. These are online platforms that match up buyers and sellers and execute trades. They typically charge fees for their services, which can vary depending on the type of trade and transaction.
When choosing an exchange, you should make sure that it is FCA-regulated. This is an best uk bitcoin exchange safeguard to ensure that the platform operates within the UK’s financial watchdog’s guidelines. Additionally, you should check the number of supported crypto assets and trading pairs. Some exchanges also offer additional tools and features, such as 2-factor authentication and a credibility system for traders.
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Some of the most popular crypto exchanges in the UK include eToro, Revolut, and Gemini. These are reputable and trusted exchanges that have good reputations in the market. However, you should note that these are non-custodial exchanges, meaning that they do not store your private keys. This can be a problem for some investors.
Another good option is Margex, a regulated crypto exchange in the UK. This exchange offers a wide range of cryptos and has excellent customer support. It is easy to use, has a high rating on Trustpilot, and allows you to buy crypto with a bank account. In addition, it offers a variety of tools and trading pairs. However, the trading fees are a bit higher than other exchanges.