Smart Ways To Buy Bitcoin On Binance

Bitcoin

CEX.IO, one of the most prominent UK-based cryptocurrency exchanges, is the first place we’ll show you how to buy bitcoin in the UK.

Quick Pointers to Buy Bitcoin on Binance:

  • Create a new bitcoin address with an app like Trust Wallet or Coinomi.
  • Use CEX.IO fiat channels by signing up for an account and verifying your identity.
  • Take a look at “Instant Buy” under “Products.”
  • When it comes to purchasing in bulk, it’s entirely up to you what you decide.
  • With a few mouse clicks, you can convert British pounds into Bitcoin (GBP).
  • By using their spot exchange, you can buy BTC using GBP.
  • Once you’ve purchased Bitcoin, transfer it to your own BTC address.

Where can I get Bitcoins in the United Kingdom?

Investors can get engaged in the new asset class in various ways, and the above advice is only one of them. The rest of this post will describe how to use Bitcoin ATMs to convert GBP to BTC. You can use the safe trade binary options to do all the conversions. Bitcoin exchange CEX.IO is the most popular one in the United Kingdom. Buying and selling Bitcoins on CEX.IO is the most convenient option available.

This is one of the oldest places to buy bitcoins, opening in 2013. Due to the platform’s new simplified purchasing process, transactions can now be completed in under five minutes after arriving on the internet.

How to get it:

  • Choose USD, BTC, and GBP from the dropdown menus after selecting BTC.
  • £20 is the smallest amount that can be purchased, while the maximum is £7500. Specify the number of bitcoins you intend to buy in the field provided.
  • Sign up with your email address and verify it.
  • After you’ve validated your identity, you can use a debit or credit card or a payment option like cash.
  • There are two options for completing a BTC order on CEX: either send the order to a non-custodial address or leave the order on CEX and transfer it to another wallet.
  • In addition to credit cards (including American Express and Discover), customers can use a wide range of digital currencies.

Pros

  • The UK’s most trustworthy site for buying and selling bitcoins.
  • The usage of a credit or debit card is inexpensive, as are bank transfers.
  • There are relatively low thresholds for the purchase of BTC by ordinary investors.
  • Bitcoin sellers can take credit and debit card payments from buyers.

Cons

  • The identity verification process may take a long time for first-time users.
  • You should not consider this service if you wish to buy bitcoin anonymously.

CoinMama

Coinmama.com is an excellent place to acquire Bitcoin. Coinmama, established in 2013, is another well-known service that makes buying bitcoin in the United Kingdom simple. The firm that runs this platform is based in Israel, although it is registered in Slovakia. Coinmama accepts a wide range of currencies, including credit and debit cards, for purchasing Bitcoin.

How to get it:

  • Set up a seed phrase-backed non-custodial wallet with Coinomi or Trust Wallet.
  • Signing up for a Coinmama account will allow you to confirm your email address.
  • Log in to your new account to complete the identity verification process.
  • Decide on a deposit option that works best for you and your wallet.
  • To buy bitcoins, enter the number of bitcoins you wish to purchase.
  • Give the Bitcoin address to your non-custodial wallet.
  • Complete the transaction using your debit or credit card.
  • If the transaction goes through, it could take up to an hour for your bitcoins to arrive at your address.
  •  The usage of number of payment methods used is not limited.

Pros

  • Respected and dependable.
  • Confirmed UK cardholders can purchase Bitcoin with GBP up to a limit of £7500.

Cons

  • The level of privacy that lengthy KYC procedures can protect is relatively low.
  • This website charges a disproportionately high fee for credit/debit card transactions compared to others.

Coinbase

Coinbase is a place where you may buy Bitcoins. Coinbase, a San Francisco-based cryptocurrency exchange, made a name for itself as soon as it opened its doors in 2012. It is used by 35 million individuals and is available in over 100 countries, including the UK.

How to get it:

  • Create a Coinbase.com account.
  • Verify your identity before using fiat payment alternatives.
  • Under the Accounts section, select the GBP wallet.
  • You can transfer money to your account in various ways, including through a bank transfer.
  • After making a deposit, use the Buy/Sell tab to convert GBP to BTC.
  • Please select the amount you want to deposit and the wallet address you wish to deposit it to.
  • There’s no need to stick to using Coinbase as your deposit wallet.
  • Finally, pay the bill.

Pros

  • On a safe exchange, you can trade GBP for BTC.
  • Coinbase’s GBP to BTC markets are highly liquid.
  • Compared to the competition, this has the most purchasing power.

Cons

  • Coinbase submits user tax data to UK authorities, resulting in a low level of privacy.
  • Unlike other platforms, the process takes a long time.

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