Buy Cryptocurrency UK – How To Buy Cryptocurrency for Beginners in 2022

Last Updated: 27, April 2022

Fact Checked by Gary McFarlane

Cryptocurrencies, while initially coming out as a niche technology, have over time become one of the largest markets in the world.

There are over 10,000 cryptocurrencies and if you do not want to be side-lined and want to engage with cryptocurrency trading, check out this cryptocurrency UK guide where you will learn everything you need to know about buying, selling, or trading cryptocurrencies.

Table of Contents

eToro – #1 Broker to Buy Cryptocurrency UK

Min Deposit$50Exclusive promotion

Our score10

Invest in a wide range of cryptocurrencies
Ability to copy more experienced investors and their decisions
eToro crypto wallet included which makes it beginner-friendly

0% Commissionstart TradingOur score 10

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

Min Deposit£20Exclusive promotion

Our score10

No commission or hidden fees
Officially regulated by FCA, CySEC, and NBRB
Hedging mode available

start TradingOur score 10

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

Min Deposit$500Exclusive promotion

Our score9.5

Trade stocks, indices, currencies, commodities, and cryptocurrencies
No hidden fees or expenses
Develop your financial knowledge, trading skills and investment expertise

start TradingOur score 9.5

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

Min Deposit$100Exclusive promotion

Our score10

Invest in a wide range of cryptocurrencies
No hidden fees or expenses
Deposit with multiple payment methods

start TradingOur score 10

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

Min Deposit$10Exclusive promotion

Our score8.5

User-friendly interface
Competitive trading fees
Does not require KYC

start TradingOur score 8.5

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

How to Buy Cryptocurrency UK – Quickest Method in 2022

Let’s face it, not everyone has the time to read through the full comprehensive guide, however, if you want a quick summary of just how to get in there, make a purchase, and carry on with your day, here’s what you need to do.

Step 1: Open an account: First, open an account with a cryptocurrency exchange or brokerage, here we’d recommend using eToro as it is the quickest.
Step 2: Provide ID: Second, you’ll need to provide some ID, and this will involve you having to upload a copy of your passport, or driver’s license in order to verify your identity. This is part of the KYC (Know Your Customer) process that many exchanges and brokerages will have as a requirement.
Step 3: Make a deposit: Third, make your deposit. If you do not already own any cryptocurrencies, you’ll need to use a UK credit or debit card, or you can even use an e-wallet when picking eToro.
Step 4: Buy cryptocurrency: Last but not least, you buy the cryptocurrency itself.

All-in-all, this process should take you just a few minutes, and you should see your cryptocurrency within your eToro wallet.

How to Buy Cryptocurrency UK – Top Brokers Revealed

There are plenty of exchanges and brokerages out there that you can use in order to purchase cryptocurrencies throughout the entirety of the UK, and it is in your best favour to find the perfect option for your specific requirements and expectations. You can compare the best crypto exchanges as well as brokers alongside their features, fees, and payment methods throughout the entirety of this guide.

Min Deposit$50Exclusive promotion

Our score10

Invest in a wide range of cryptocurrencies
Ability to copy more experienced investors and their decisions
eToro crypto wallet included which makes it beginner-friendly

0% Commissionstart TradingOur score 10

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

Min Deposit£20Exclusive promotion

Our score10

No commission or hidden fees
Officially regulated by FCA, CySEC, and NBRB
Hedging mode available

start TradingOur score 10

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

Min Deposit$500Exclusive promotion

Our score9.5

Trade stocks, indices, currencies, commodities, and cryptocurrencies
No hidden fees or expenses
Develop your financial knowledge, trading skills and investment expertise

start TradingOur score 9.5

Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.