Expert Guide to Bitcoin Investment in the UK

Expert Guide to Bitcoin Investment in the UK has been outperforming traditional markets since its launch in 2009. But it’s important to understand the risks of this innovative asset class before making any decisions. Luckily, this comprehensive cryptocurrency beginner’s guide will help you do just that. From buying cryptocurrencies to setting up a wallet, this article covers everything you need to know.

Buy Cryptocurrencies Online

The easiest way to invest in Bitcoin is via a crypto exchange. These trading platforms specialize in cryptocurrencies and offer a user-friendly interface. They typically accept GBP deposits through debit and credit cards, facilitating the purchase of digital assets like Bitcoin, Ethereum, Solana, XRP, Dogecoin and many more. Investors can then leave their purchased cryptocurrencies in the exchange or transfer them to a wallet for added security and convenience.

Keep in Mind CGT: Unlike traditional investments, when you sell your Bitcoin investment you will be liable to pay capital gains tax (CGT) depending on your individual income band. It’s therefore advisable to stick with a long-term strategy and only sell when the price is right.

To avoid losing money, always stick with a reputable and secure cryptocurrency exchange and wallet. You should also make sure that you use a VPN and never access your exchange account or wallets from public WiFi networks as hackers are known to target cryptocurrencies and other digital assets. It is also a good idea to store your wallets off-chain, such as with a non-custodial provider such as Exodus, so that you have full control over your cryptocurrency funds.