Cryptocurrency prices have surged this year, and many private savers are considering buying the digital coin for the first time. However, before you rush in, there are some things you should know. How to Invest in Bitcoin UK.

Firstly, remember that Bitcoin is not guaranteed to increase in value, and you could lose your money. Secondly, profits from selling cryptocurrency are taxable, and it’s important to keep records of your transactions. Finally, you need to be aware of security risks, such as hacking and scams. Be sure to use two-factor authentication, a secure wallet, and cold storage (i.e., offline) for larger holdings.

How to Invest in Bitcoin UK: A Beginner’s Guide for 2025

The best place to buy Bitcoin is on a trusted cryptocurrency exchange that’s regulated by the Financial Conduct Authority (FCA). The FCA says you should only invest in cryptoassets if you are prepared to lose them all, and that they offer no protection from fraud or theft.

Choose a crypto exchange that lets you trade with GBP, and check its trading, withdrawal, and other fees. Look for a platform with low minimum deposits and competitive rates. Consider using a peer-to-peer platform for lower fees, or making purchases via your bank account to avoid currency conversion fees.

You can also deposit funds into your crypto account with a credit or debit card, but not all banks allow this. TSB, Virgin Money, and Tesco block transactions with crypto exchanges, while Nationwide curbs purchases. Before you buy, check the FCA’s list of unregistered crypto asset businesses.