Bitcoin trading sites uk
You can also buy bitcoin with cash by meeting the seller and making the transfer to your mobile phone on the spot. Bittylicious is a well-run site that facilitates peer-to-peer transfers without exposing you to the "wild west" presented by LocalBitcoins.
You don't know who your seller is until you've initiated the trade, but all sellers are vetted by the site. Bittylicious won't allow you to make trades beyond a certain value until you've supplied sufficient ID verification, although smaller trades can go through without these requirements.
The site also offers a growing range of other cryptocurrencies and is one of the easiest ways to get started. Coinfloor have recently launched a peer to peer bitcoin marketplace called Coinfloor Market, with prices and liquidity sourced directly from their existing exchange.
Unlike other peer to peer marketplaces, they only work with professional bitcoin brokers who have a long track record of successfully selling bitcoins in the UK and have passed through their strict vetting process. Arguably the exchange with the most liquidity ie. The site is regarded as trustworthy, publishing public audits of its assets every few months, and processing transfers out from its cold storage three times a day.
It operates what's called a maker-taker fee model , whereby fees are charged according to whether you add liquidity to the order book "maker" , or "take" liquidity away.
So, if you place an order below or above the market rate you are defined as a "maker" but if you simply place at order at market rate you are defined as a "taker". Because of its liquidity, Coinfloor's prices are often very close to the global average and they sometimes have fee-free trading periods that you can take advantage of. This means you may be able to end up with a very good rate for your bitcoin, offsetting the price you will have to pay to transfer your pounds into their Polish bank.
CoinCorner operates from the Isle of Man and aims to become a one-stop shop for Bitcoin. Cryptopay allow you to buy bitcoins in the UK via bank transfer. Before buying you are required to provide basic personal information, proof of ID, proof of residence and verify a telephone number. This website is monetised through affiliate links. Where used, we will disclose this and make no attempt to hide it.
We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these. Don't rush into anything, do your own research. As we write new content, we will update this disclaimer to encompass it. We first discovered Bitcoin in late , and wanted to get everyone around us involved. But no one seemed to know what it was!
We made this website to try and fix this, to get everyone up-to-speed! Click here for more information on these. All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice. Best Bitcoin Trading Sites March Nov 4th, Updated Feb 27th, Trading There are lots of websites comparing the pros and cons of Bitcoin trading sites exchanges. This guide aims to give up-to-date information for March Bitcoin regulation the rules that exchanges have to follow is still being created and developed, as of late , so be aware of which country an exchange is in.
Countries like China are cracking down on ICOs , and in the process many Chinese exchanges have disabled withdrawals while they're audited. Many exchanges have had funds stolen by employees and hackers. Do some searches along the lines of '[exchange name] hacked' to see if an exchange you're considering has experienced this recently, and check if they returned the customer's funds that were stolen.
Fees There are 2 important things to be aware of relating to fees: A maker is someone who creates an order that isn't immediately matched e. A taker is someone who creates an order that matches an existing order immediately, e. Don't pick an exchange based on the exchange fees alone. Most exchanges offer fees below 0. As you often don't own Bitcoin on brokers like eToro and IQ Option , you don't need to deal with the security risks associated with holding it.
If an exchange account is hacked, your entire balance could be withdrawn in a matter of seconds. We've been developing a tracking system to help with this problem. Lots of useful features for advanced traders e. In a CFD you can normally short Bitcoin, where you earn money if it's price goes down some exchanges offer 'margin trading' which is similar to this.
You don't own the underlying asset although platforms like eToro and IQ Option seem to be adding this functionality; it's unclear if this is withdrawable though. Brokers tend to charge much higher fees than exchanges. Brokers often have large minimum deposits. Some CFD trading platforms control risk automatically.
Best broker In feedback on our YouTube videos in particular, many of our viewers have struggled getting started on exchanges. Provides a demo trading account, something most exchanges don't offer. Has a very robust API, useful for developing trading bots. The more complex way with lower fees: Select a currency at the top, e. Best exchange for peer-to-peer LocalBitcoins If you're big on decentralisation, you might want to try a peer-to-peer exchange. Can be used in almost every country in the world.
Allows a wide range of payment options, even cash. March 30th, How to Trade Bitcoin on eToro. Written by the Anything Crypto team We first discovered Bitcoin in late , and wanted to get everyone around us involved.
Never invest money you can't afford to lose.