How to Get Started With Bitcoin Investment in the UK

The invention of Bitcoin marked a significant advance in computer science. It solved the problem of transferring value across the internet without having to use banks, credit-card companies, lenders or even governments in the middle. It opens the door to a global, open financial system that could be much more efficient and free. How to Get Started with Bitcoin Investment in the UK.

There are many ways to get started with cryptocurrency investing in the UK, including exchange-traded funds (ETFs), peer-to-peer (P2P) and cryptocurrency ATMs. However, the easiest way to start is by using a regulated crypto exchange like OKX, Coinbase or eToro, which are all UK-based and comply with FCA regulations. After registering and verifying your identity, you can then deposit GBP via bank transfer or debit card to buy popular cryptocurrencies. Once you have your cryptocurrency in a wallet, you’ll need to keep it secure.

How to Get Started with Bitcoin Investment in the UK

Once you’ve opened an account, decide how much you want to invest. Cryptocurrencies are highly speculative, and their prices can rise or fall dramatically in a matter of weeks. For example, Ethereum, the world’s second largest cryptocurrency by market capitalization, was trading at just $181 five years ago, and is now worth over $2,400.

There are also thousands of other cryptocurrencies that have smaller market caps, and these are known as ‘altcoins’. Generally, they have a higher upside potential than Bitcoin, but they are also more volatile and can lose value quickly. It’s important to build a diversified portfolio and diversify your investments, so you’re not putting all your eggs in one basket.