Bitcoin Exchanges UK What Makes A Good Bitcoin Exchange?
When searching for a Bitcoin exchange UK residents have a huge amount of choice available to them. Cryptocurrencies are still in their infancy, but as they become more widely adopted, more and more people are considering buying into Bitcoin for the first time.
You can’t buy Bitcoin from your bank, although some ATMs offer them, depending on whereabouts in the UK you live. So if you want to buy into the world of Bitcoin, or other altcoins, you’ll need to find yourself a Bitcoin trading platform UK residents can access. And in this article we’ll show you what makes Zeply such a great Bitcoin exchange, so you can have the best possible trading experience.
Why You Need A Bitcoin Exchange
Bitcoin isn’t something that you can physically hold in your hand. It only exists online, so there are no notes or coins that you can actually see, or touch. And that makes it a difficult concept to comprehend for a lot of people, who question how something that only exists online can have actual value in the non-digital world. Many people are also asking the question, “Is Bitcoin legal in UK?” as it’s still such a new technology.
Although it’s taken a few years, Bitcoin has steadily been edging towards the mainstream for quite some time, and you can now use the digital currency in a variety of ways within the UK. From online purchases at the Microsoft Xbox Store, Lush and Etsy, to making donations to the RNLI, Bitcoin is being adopted by more and more organisations, which is helping it to become more widespread across the UK.
But as we’ve already mentioned, you can’t get Bitcoin from your bank, so if you want to invest in this exciting digital currency you’ll need to find Bitcoin exchanges UK residents can access. It’s not hard to find a Bitcoin platform UK users are allowed to use, but you’ll need to bear in mind that most of them can seem quite daunting to first-time investors. For that reason you’re best off with an intuitive and friendly cryptocurrency exchange like Zeply, which will guide you through the process of how to get Bitcoins to demystify the process.
What A Bitcoin Exchange Does
Since you can’t just approach your bank or building society and arrange to buy Bitcoin from them, you’ll need to find a Bitcoin platform UK users can sign up to with confidence. The exchange acts as a middleman between buyers and sellers, taking all the risk out of every transaction – as long as it’s not a fraudulent exchange of course!
The best Bitcoin exchanges UK residents can access allow you to deposit funds in GBP or Euros into your account, which you can use to purchase Bitcoin. You can then invest or spend your Bitcoin, turning it back into GBP or Euros whenever you choose, at the current market price.
Features To Look Out For In A Bitcoin Exchange
Bitcoin is still quite a new concept – a peer-to-peer cryptocurrency that operates outside all the usual banking protocols in a completely unregulated market. Because Bitcoin isn’t tied to any fiat currency it can be incredibly volatile, so although there can be huge gains there can equally be dramatic losses. That’s part of what makes it so exciting to invest in, but it also means it pays to be cautious.
Here at Zeply we were determined to create the very best Bitcoin trading platform UK residents can buy, store, send and exchange Bitcoin with. We spent a long time working on an array of great features that have been carefully tailored to make dipping your toes into the crypto waters as safe and easy as possible. We won’t blind you with incomprehensible jargon or complicated instructions, but we’ll ease you gently into the Bitcoin buying and selling process, offering support and help all the way.
So let’s take a look at the great features you can expect when you create your Zeply Bitcoin trading account.
Help, Advice and Support
Some Bitcoin exchanges expect their users to have a thorough knowledge and understanding of cryptocurrency trading from the outset, but that is the opposite of being one of the top crypto exchanges. Complex jargon, incomprehensible graphs and muddled layouts can quickly leave you feeling exhausted, with no idea about how to proceed.
But we do things differently at Zeply. We know that not everyone is a crypto expert and we’ve taken that into account when we created our website. You’ll see that we’re friendly and that we’re on your side, right from the outset. So we’ve got loads of helpful guides covering absolutely everything you need to know, including how to trade cryptocurrency safely.
We even guide you through the entire sign-up process, explaining everything you need to know so that you can be up and running with your account as quickly and easily as possible. Check out our Knowledge Base on our Support page to see the number and variety of articles on offer.
And because there’s always bound to be a question that nobody’s thought of yet, we also offer 24/7 support, so we’re always on hand if you need that extra bit of help. There’s an onsite contact form and an email address that you can use to get in touch, but if your query is more urgent we also have a Live Chat option too. You can access this from any page across our website, so there’s never far to look for support, whenever you need it, even if that’s in the middle of the night!
Security
Customer security is our highest priority at Zeply, so we go to extreme lengths to make sure all of your data is secure and fully protected at all times. We adhere to the UK’s strict rules governing KYC checks – KYC stands for Know Your Customer and is designed to prevent money laundering and other criminal activities. We’ll require a recognised form of photo ID, such as your passport or driving licence, as well as proof of UK residency when you sign up and register for an account. Then we’ll guide you through the process of submitting a selfie, so we can double check your identity before confirming your account. It’s quick, it’s easy, and your account is usually up and running within 24 hours, so you can start trading in Bitcoin almost straight away.
We highly recommend activating 2FA, or Two-Factor Authentication, on your account as an extra layer of security. This requires you to complete two points of entry when logging into your account, helping to prevent unwanted access to your details and assets.
A Bitcoin Wallet
As we’ve already said, Bitcoin isn’t like traditional fiat currency, so you can’t store it in a bank, or in your purse or wallet. But it needs to be kept somewhere, and since you can’t physically hold or store it, you’ll need to keep it somewhere safe in digital format.
Your Bitcoin wallet stores all of your Bitcoin safely, while giving you access whenever you want to buy or send your digital assets. A unique address ‘key’ is generated to allow transactions to take place between Bitcoin wallets every time you receive or send any digital currency, so it’s essential to have one.
At Zeply we even make storing your Bitcoin that little bit easier. Every Zeply customer gets their own individual Bitcoin wallet so you won’t have to worry about reading up on online wallets or trying to work out how to handle complicated downloads. It means you can set up your Zeply Bitcoin account and start trading straight away, knowing you already have a safe and secure wallet to store your new Bitcoin.
An Intuitive Website
Take a look at some UK Bitcoin exchanges and you’d think you need a qualification in cryptocurrency to understand them. It seems that most cryptocurrencies accessible to UK users assume a high degree of knowledge from the outset – not to mention a big bankroll too! There isn’t much out there at all aimed at the smaller investor, or those just starting out on their crypto journey.
So we really pared things back when we created our Zeply website. Take a look around and you’ll see that we use clear, simple graphics, easy-to-navigate menus and a calming colour palette. It’s our goal to take the stress and worry out of Bitcoin, allowing everyone to explore the potential benefits of this exciting new currency.
Unlike most Bitcoin exchanges, we’ve made our site all about the customer experience. We want you to have a fun and enjoyable time learning about the benefits of Bitcoin, and you can’t do that when you’re trying to find your way around a complex website. But whether you launch Zeply on your PC, laptop, tablet or smartphone, you’ll always have the same, great experience, with everything you need – including helpful How To guides – ready and waiting for when you need them.
Clear and Transparent Fees
When people start buying and sending Bitcoin for the first time they quickly discover that there can be a raft of fees to trap the unwary. Some Bitcoin wallets charge transaction fees every time you send or receive crypto, and at busy times, when there are lots of transactions taking place on the blockchain, fees can rise to spectacular heights in some cases.
But that’s something you won’t have to worry about with Zeply. Because unlike most other Bitcoin exchanges in the UK, we offer clear and transparent Bitcoin fees right from the outset. And we’re proud and delighted to say that you won’t pay any fees at all when you buy, send or receive Bitcoin using Zeply. Even when you exchange your Bitcoin you’ll only pay the exchange rate, with no extra fees. All of which means there’ll be no unpleasant surprises when you choose Zeply as your UK crypto exchange.
A Mobile App
It’s currently in development, but we plan to launch our Zeply app very soon. It’s going to enable our customers to manage their Bitcoin assets safely, quickly and easily from mobile devices with a single tap. We’re busy refining it right now, but we think it’s going to be the best Bitcoin trading app available to UK Bitcoin enthusiasts, so we can’t wait to show it to you!
Finding The Best Bitcoin Exchange UK
If you’re looking for the best Bitcoin exchange UK users can access, we think we have just about all bases covered. At Zeply transparency is at the heart of everything we do, and we want you to be completely happy with your Bitcoin trading experience.
We can’t guarantee that you’ll make money from your Bitcoin investment, but we can guarantee you a safe, secure and easy transaction process. With loads of help and support on offer at all times of the day and night, at Zeply we believe we are the best Bitcoin exchange UK residents can sign up to.
