The Best ways to invest in Bitcoin UK

Cryptocurrency isn’t for the faint of heart and prices can be extremely volatile. However, it is an exciting investment opportunity, especially if you believe that the price will rise in future and are willing to wait for your returns.

Best ways to invest in Bitcoin UK is done via a cryptocurrency exchange which can be found online. These can be accessed using a web browser or a dedicated mobile app. Some apps allow you to spend cryptocurrencies, while others act as a wallet only, storing your cryptocurrency assets securely but not allowing any spending. Regardless of the type of account you choose, you’ll need to make sure you understand the risk and are comfortable with it before you invest.

How to Buy Cryptocurrency in the UK: Beginner’s Guide

It is worth noting that if you are trading cryptocurrencies like Bitcoin, you may be liable to pay capital gains tax (CGT) on any profits you make. This is because they are considered to be a financial asset, and you will need to declare your crypto investments in your self-assessment. There is currently a limit of PS3,000 per year on the amount you can claim in CGT-free profit.

The most popular way to buy and sell cryptocurrencies is via a trading platform like eToro. Its interface is very user-friendly, and it is also possible to copy trades made by more experienced users on the site. The platform only charges a 1% trading fee on all crypto positions, and you can open an account for free. eToro also has a US$100,000 demo account that you can use to practice buying and selling crypto before committing real money.