Buy Cryptocurrency UK – How To Buy Cryptocurrency for Beginners in 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

1
$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
2
£20Exclusive promotion
Our score10
  • No commission or hidden fees
  • Officially regulated by FCA, CySEC, and NBRB
  • Hedging mode available
3
$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
4
$100Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • No hidden fees or expenses
  • Deposit with multiple payment methods
5
$10Exclusive promotion
Our score8.5
  • User-friendly interface
  • Competitive trading fees
  • Does not require KYC

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.

$
=
Bitcoin Cash
Bitcoin Cash
Bitcoin CashBitcoin Cash
CardanoCardano
DashDash
EthereumEthereum
Ethereum ClassicEthereum Classic
IOTAIOTA
LitecoinLitecoin
StellarStellar
XRPXRP
Binance CoinBinance Coin
EOSEOS
NEONEO
TezosTezos
TRONTRON
ZCashZCash
ElrondElrond
ChainlinkChainlink
Uniswap Protocol TokenUniswap Protocol Token
DogecoinDogecoin
yearn.financeyearn.finance
DecentralandDecentraland
AlgorandAlgorand
Basic Attention TokenBasic Attention Token
PolygonPolygon
Shiba InuShiba Inu
Enjin CoinEnjin Coin
MakerMaker
TetherTether
CompoundCompound
BitcoinBitcoin
PolkadotPolkadot
SolanaSolana
FTX TokenFTX Token
TerraTerra
0x0x
AaveAave
AragonAragon
AugurAugur
AvalancheAvalanche
BalancerBalancer
Bancor Network TokenBancor Network Token
Band ProtocolBand Protocol
Bitcoin DiamondBitcoin Diamond
Bitcoin GoldBitcoin Gold
Bitcoin SVBitcoin SV
BitsharesBitshares
BitTorrentBitTorrent
BlockstackBlockstack
CeloCelo
Celsius NetworkCelsius Network
ChilizChiliz
CosmosCosmos
Curve DAO TokenCurve DAO Token
CyberVeinCyberVein
DaiDai
DecredDecred
DFI.moneyDFI.money
ElectroneumElectroneum
Energy Web TokenEnergy Web Token
FantomFantom
GnosisGnosis
Golem Network TokenGolem Network Token
Hedera HashgraphHedera Hashgraph
HedgeTradeHedgeTrade
HeliumHelium
HiveHive
HoloHolo
Huobi TokenHuobi Token
ICON ProjectICON Project
IOS tokenIOS token
KavaKava
RIF TokenRIF Token
SafeMoonSafeMoon
SerumSerum
SiacoinSiacoin
SolaSola
StacksStacks
Status Network TokenStatus Network Token
SteemSteem
StorjStorj
StoxStox
StratisStratis
SushiSushi
SwipeSwipe
SynthetixSynthetix
The GraphThe Graph
ThetaTheta
ThorchainThorchain
TomoChainTomoChain
UMAUMA
UniBrightUniBright
USD CoinUSD Coin
UtrustUtrust
VeChainVeChain
VergeVerge
WavesWaves
Wrapped BitcoinWrapped Bitcoin
xDai ChainxDai Chain
ZBZB
ZilliqaZilliqa
KomodoKomodo
KusamaKusama
Kyber NetworkKyber Network
LiskLisk
LoopringLoopring
Machine Xchange CoinMachine Xchange Coin
Matic NetworkMatic Network
MonaCoinMonaCoin
MoneroMonero
Ocean ProtocolOcean Protocol
OMG NetworkOMG Network
OntologyOntology
Orchid ProtocolOrchid Protocol
PAX GoldPAX Gold
Paxos StandardPaxos Standard
PlusCoinPlusCoin
QTUMQTUM
QuantQuant
RavencoinRavencoin
RENREN
Reserve RightsReserve Rights
RevainRevain
Multi Collateral DaiMulti Collateral Dai
NanoNano
NEMNEM
Nervos NetworkNervos Network
1inch1inch
Axie Infinity ShardsAxie Infinity Shards
Hoge FinanceHoge Finance
Alien WorldsAlien Worlds
Yield Guild GamesYield Guild Games
The SandboxThe Sandbox
Ankr NetworkAnkr Network
Crypto.comCrypto.com
ABBC CoinABBC Coin
aelfaelf
AmpleforthAmpleforth
ArdorArdor
5 Providers that match your filters
Sort By
Rating
Rating
Price
5 Providers that match your filters
Payment methods
Features
Usability
Support
Fees
0 or better
Safety
0 or better
Coin selection
0 or better
Rating
0 or better
Recommended Broker
Rating
for $100 you get0.0035 BTC
What we like
Trade real cryptos and crypto CFDs
Licensed broker with deposit insurance
Integrated wallet
Fees
Safety
Coin selection
for $100 you get0.0035 BTC
CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.
Features
Instant verificationFor beginnersWallet ServiceMobile App
Payment methods
Credit CardPaypalSepa TransferSkrillSofort
Rating
for $100 you get0.0035 BTC
What we like
Careful selection of cryptocurrencies
Regulated by CBI and MiFID in Europe
No commissions and low spreads
Fees
Safety
Coin selection
for $100 you get0.0035 BTC
CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.
Features
For beginnersMobile App
Payment methods
Credit CardNetellerSkrill
Rating
for $100 you get0.0035 BTC
What we like
Broker vollständig reguliert
Zahlreiche Auszeichnungen
Libertex Erfahrungen seit mehr als zwanzig Jahren
Fees
Safety
Coin selection
for $100 you get0.0035 BTC
83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko
Features
For beginnersMobile App
Payment methods
Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort

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.

1
$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
2
£20Exclusive promotion
Our score10
  • No commission or hidden fees
  • Officially regulated by FCA, CySEC, and NBRB
  • Hedging mode available
3
$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
4