Last updated: 26th January 2018
As boundaries blur and the cryptocurrency sector gets more sophisticated, buying bitcoin in the UK is very similar to buying bitcoin in the US (see this article for a more detailed explanation of the process).
The market for bitcoin in British pounds is not one of the more liquid ones – according to CryptoCompare it usually ranks around the bottom of the top 10 most active markets in the world, well behind Korea, Vietnam, even Poland. However, UK residents wishing to actively trade or occasionally purchase some of the cryptocurrency have several reputable options to choose from.
Among the leading UK-registered exchanges are Coinfloor and CEX. (At time of writing, CEX has temporarily suspended new account registrations.) Both require user identification, and appear more geared towards businesses and active traders than the small retail investor.
(Note: specific businesses mentioned here are not the only options available, and should not be taken as a recommendation.)
Authored by Noelle Acheson. British flag image via Shutterstock.