Cryptocurrency is revolutionary trading. It is the new age of capital, digital money. To trade, you have to open a cryptocurrency account. The first question many ask, is cryptocurrency legal in the UK? Well, the answer is yes. It is very much legal, and the UK government has some cryptocurrency regulations too, which helps consumers to buy or sell Bitcoin or Ethereum.
There are various cryptocurrency exchanges in the UK, which helps traders to buy, sell, and exchange bitcoins or other cryptocurrencies like bitcoin era. Numerous exchanges require IDs and account openings, along with others who don’t demand any of these. They authorize direct trading among individuals from different countries. The different types of cryptocurrencies are,
It is one of the trusted cryptocurrency exchange values in the UK. They buy and sell more than 100 different cryptocurrencies. They have the major currencies like Bitcoin Ethereum Litecoin Ripple Bitcoin Cash. British bank account transfers are also quick. This is best for a customized, professional experience in cryptocurrency exchange.
This operated on standard bank transfers and completed the process in just 10 minutes. It is also one of the most used and safest exchanges in the UK. The process is fast and simple, here, an example. A buyer decides an amount, and he needs to fill out a detailed form and submit it. Now, he has to make a transfer to QuickBitcoin. The exchange will deliver the details to the buyer after which, the currency will be delivered to the cryptocurrency wallet.
This particular exchange platform.was founded in 2013. They accept credit cards, debit cards, bank transfer, and SWIFT as a medium of deposit. With an intuitive interface, Coinmama operates in more than 200 countries. It had its own currency rates too! USD, EUR, AUD, CAD, GBP, JPY, these are the fiat currencies supported by Coinmama.
With 1427 cryptocurrencies, YoBit.Net is a revolutionary Russian exchange platform. Deposit methods such as,
- Perfect Money
- Capitalists are available.
You can pay in USD, RUB, or crypto to crypto, YoBit.Net accepts all. It’s very safe and is used in many countries.
It has a peer to peer operating marketplace. Coindirect has very clear instructions, rules, and regulations where prices, payment methods, buyers, and sellers. They will provide wallets to those who do not have it already. Also, the security features are praiseworthy because they provide a QR code that needs to be scanned before any payment is made from the wallet. Crypto, including Bitcoin, Zcash, Monero Bitcoin Cash, Dash, Litecoin, and Dogecoin can be bought at more than 200 ATM sites.
With fiat money, users can but USD, and euros from crypto. They have high security, two-step certification, and a strict transaction limit. If you are an E.U based buyer, you will be allowed only $100 for the first transaction. The next purchase can be after 4 days, and that too had a limit of $200 only. This is a standard transaction procedure. Good news, Changelly is accepted in every country!
This also operates on a peer to peer transaction process. LocalBitcoins.com is available in 245 countries. This is a marketplace where individuals post their payment methods, exchange rates, make meeting appointments or directly exchange cash online. Buyers will always receive digital money regardless of the payment method accepted. As this a market place, buyers should be careful and check the seller’s backgrounds to be sure. Though they have high-security transactions, capital is safe, not the buyer or seller.
Apart from the major, there are other cryptocurrency exchanges in the UK too, like Cex.IO, BinanceJersy, CoinFloor, CoinJar, CoinCorner, Paybis, BitPanda and many more.
Before you start trading, it is essential to grow an in-depth knowledge about each and every aspect properly to avoid losses.