Buy Bitcoin UK How to Invest in Bitcoin UK
Are you wondering how to buy bitcoin UK? Our first piece of advice – do your research, which we see you’ve already started. The second piece of advice – set up and verify your Zeply account in just five minutes.
Zeply offers UK bitcoin buyers a simple, secure and easy way to purchase, sell and store their bitcoins with no transaction fees! As well as telling you how and where to buy bitcoin UK, we’ll also tell you how the general ownership of crypto assets is treated here, including the tax rules and more.
Thinking of Buying Bitcoin UK?
You’re thinking of getting into bitcoin UK, and we think that’s fantastic! This digital currency has been around since 2009, was the world’s oldest crypto and is perhaps thriving nowhere more in 2021 than right here in the UK. Some of you might find yourselves here because you’re excited and fascinated at the thought of getting involved with an entity that could very well become the future of money as we know it. On the other hand, we also understand that a great many of you are looking to buy cryptocurrency simply as a money-making investment.
Before Your First Bitcoin Buy UK
Both reasons for wanting to buy bitcoins UK are understandable, but if you’re motivated primarily by the latter, we urge you to do your research first. Fortunately here at Zeply, we have plenty of features, tools and guides for potential local bitcoin UK investors that you can use completely free before signing up and creating your account. To get yourself started, you can click on the “Learn” tab above to educate yourself on the ins and outs of bitcoin investment UK. First of all though, we’ve provided you with our top tips for beginners followed by some UK specific advice below.
How to Buy Bitcoin UK - Top Tips for First Time Buyers
Are you completely new to UK bitcoin? Then follow our short snippets of advice before going ahead and signing up with a Zeply or any other UK bitcoin exchange. If you’re already acquainted with bitcoin, then extra research doesn’t hurt – but if you’re looking specifically to find out how bitcoin investment works here in the UK, scroll down for our UK-specific content.
Do Your Research
We can’t stress this enough, and it’s something that you’ll never stop doing so long as you have a bitcoin account UK – if the investment world moves fast, the crypto investment world moves faster and has much sharper corners!
The big price hikes bitcoin offers can make it seem attractive, and rightly so, but you definitely shouldn’t go into this blindly. A great many novice traders jumped on the bitcoin bandwagon on a whim in 2017, and it didn’t work out too well for them. The volatility of bitcoin as an asset can work both ways – anything that takes a steep hike always runs the risk of a shape drop. It’s part of what makes bitcoin such an exciting investment, but it’s also what makes it risky. Educate yourself, starting with the free learn tools here at Zeply (the tab’s at the top of your screen!). For example, don’t skip our Bitcoin review to learn more about the digital currency.
If you’re going to buy bitcoin for the first time, or even the second or third time for that matter, start small. This isn’t a long term investment in a steady asset that you want to put half your inheritance into – it’s a volatile asset that can fluctuate. With Zeply, you can buy small amounts of bitcoin using your debit card with no fees, making it a great way to test the waters.
Find a Beginner Friendly Bitcoin Exchange UK
When making your first-ever bitcoin purchase, it’s not so much about how to buy cryptocurrency UK, but more about where to buy it. What you’re looking for is a beginner-friendly service that doesn’t over-complicate the process. Some wallets and exchanges would lead you to believe that the process is lengthy and complex, but it doesn’t need to be that way – not in 2021. With Zeply, you can buy bitcoin UK easily and securely as a first-time investor. Not only that, but we give you a safe place to store your bitcoins and enable you to send and receive bitcoins easily.
Is it a Good Idea to Invest in Bitcoin UK?
There are two types of investments in this world – sound investments and exciting investments. Cryptocurrencies fall into the latter category, which greatly influences how to buy bitcoin UK for first-time investors. Sound investments are things like gold or fiat currencies, which are backed by a tangible asset or the trust of a global bank. Their price isn’t going to rapidly hike or drop, but use your money right in the long term and it could pay off.
An Exciting but Risky Investment
Bitcoin falls into the exciting category, which is why here at Zeply we advise first-timers to buy bitcoin UK in small amounts the first time around. Bitcoin is decentralised, meaning it isn’t backed by a hard asset or global bank, this is what makes it extremely volatile – meaning the price can move massively. While this is exciting, it also carries its risk. That’s why your research is never over – it’s a speculative asset, and then some. It could very well be the future of money, but the investment world has never seen such an entity before, and so we’re still getting to grips with it. Play your cards right and speculate well, and things could work out pretty good – just be aware that the risks are always there.
What Are the Risks Involved?
Before you buy bitcoin UK, it’s vital to learn how to make money with Bitcoin, know the risks involved, and how to avoid them negatively impacting your investment. The headline risk here is volatility, which is also one of the headline attractions of bitcoin and other cryptos as investments. Being decentralised exposes bitcoin to massive price fluctuations, which means that people have lost and made millions overnight.
The most famous example of this came in 2017, when the value of bitcoin surged in value from £700 per coin at the start of the year, to around £15,000 by the end of the year, only to nearly half in value by February 2018 – and drop further throughout the year. Should this put you off? No, however, it is important to do two things – speculate well, and invest small. In 2020, the value of bitcoin shot up to surpass its 2017 high by far, so it paid off for those who held on.
Is it Legal to Buy Bitcoin UK?
Buying bitcoin in the UK used to, technically, be risky business due to a lack of regulation. However, as of January 2020, the Financial Conduct Authority (FCA) brought crypto businesses under its remit. This means that crypto businesses are now monitored with regards to compliance with anti-money laundering and counter-terrorist financing.
When it comes to customer relations, the FCA doesn’t have as much responsibility for scrutiny here as it does with other, more traditional, financial companies. Therefore, if you’re asking how to buy bitcoin UK legally, the best way is with a reputable and safe wallet or exchange with solid customer service. Here at Zeply, we have excellent safety measures and can be contacted easily via the live chat (which you can find to your right), our email contact form, or our multiple social media channels. We, at Zeply, want you to have the safest experience and go-to answer to how to get Bitcoins. That is one of the reasons why we have a user verification process. While other platforms may let you to buy Bitcoin without ID, we prefer to ensure our community is safe.
If you have any doubts about how Zeply works before signing up, don’t hesitate to get in touch – a helpful member of our team will be sure to put your mind at ease!
Tax on Your Bitcoin Account UK
Many of you might’ve come here wondering about tax on your assets as well as answers on how to buy bitcoin UK, and we’re only too happy to give you the answers here at Zeply. Although relatively new, bitcoins have now been incorporated into the UK under crypto assets for individuals since 2019.
There are a lot of ins and outs to be aware of depending on how and where you get your bitcoins from. However, if you’re just starting out and are about buy bitcoin UK and store it with us here at Zeply, there are two important things to be aware of when deciding when to sell Bitcoin:
- If you’ve owned your bitcoin assets for less than a year, you’re taxed as short term capital gain, so the same as your regular income tax.
- Once you’ve owned your bitcoin assets for over a year, profits will then be taxed as long term capital gains.
Zeply - The Best Place to Buy Bitcoin UK
You might’ve already heard of the big-name crypto exchanges if you’re new to cryptocurrencies, but going straight to one of those is jumping the gun. The first step in any “How to Buy Bitcoin UK” guide will tell you that you need a wallet to store your bitcoins in first – and that’s exactly where Zeply comes in!
With Zeply, you can have your account set up and verified in under five minutes, after which you can buy bitcoin UK with a debit card. The process is quick, convenient, easy and safe. Once you’ve bought your bitcoin, you can either simply store it with us until the moment to sell Bitcoin UK comes, or use our service to send and receive your bitcoins instantly and securely.
The Cheapest Way to Buy Bitcoin UK
As well as providing you with a quick, easy and convenient solution to buy bitcoin here in the UK, Zeply is also one of the cheapest. We charge no transaction fees so 100% of the money you pay us gets converted into bitcoin and stored in your Zeply wallet. From there you can use our learning tools and features to keep an eye on the market.
While you can go on to also use a big name exchange, there really is no need, as at Zeply we also give you the option to exchange Bitcoin to Euro and Euro to Bitcoin in real-time!
How to Buy Bitcoin UK - A Summary and What to Do Next
We’ve almost reached the bottom of this page, but your bitcoin UK journey with us here at Zeply is only just beginning. If you’re a first time UK bitcoin buyer the three stages you need to complete are; research, budget, buy, speculate. Fortunately, you can do all of that easily and conveniently with us here at Zeply, and you don’t need to create an account or pay any money to get started. Check out our Learn tools and our Features by clicking on the relevant tabs above. If you have any further doubts, don’t hesitate to get in touch with our team via live chat.
Buy Bitcoin UK FAQ
The process of buying bitcoin in the UK isn’t too dissimilar to that of doing so elsewhere in the world. However, you’re betting doing so via a wallet or exchange service that has legit UK reach and a strong reputation. Additionally, it’s important to be aware of UK tax law. You can find all of the information you need to know under one roof, with the Bitcoin Uk Trading Guide here at Zeply. Simply follow the link to find out everything you need to know.
Bitcoin and other crypto assets are relatively new compared to other financial assets, and therefore the UK and other countries are still adapting the ways in which they are incorporated into the law. Since 2019 the legality of bitcoin and other cryptos in the UK has gotten better, but it is still something of a grey area. Here at Zeply, we’ve detailed all of the important things you need to know about buying UK bitcoin legally, which you can find by clicking here.
The quick answer to this question is yes, it can be – but you need to take care and precautions yourself. For starters, you need to do your research and know what you’re getting into, secondly, you need to buy and store with a reputable wallet. Here at Zeply, we’ve brought everything that you need to know all under one roof with our Crypto Guide UK.