Best Apps to Buy and Send Bitcoin in the UK

Bitcoin has gained significant traction in recent years, becoming a popular choice for investors and everyday users alike. In the UK, several apps have emerged to facilitate the buying, selling, and sending of Bitcoin. This article explores some of the best options available, comparing their features, security, and ease of use to help you make an informed decision.

1. Coinbase

Coinbase is one of the most well-known and widely used cryptocurrency exchanges in the world. Established in 2012, Coinbase has built a reputation for its user-friendly interface and robust security measures.

• Features: Coinbase allows users to buy, sell, and store Bitcoin and other cryptocurrencies. It offers a seamless buying experience through bank transfers, debit cards, and credit cards. The app also features a secure wallet for storing your assets.

• Security: Coinbase employs advanced security features, including two-factor authentication (2FA) and insurance for digital assets stored on the platform.

• Fees: The platform charges a spread of approximately 0.5% for cryptocurrency purchases and sales, with additional fees for transactions based on payment method and location.

2. Binance

Binance is a global cryptocurrency exchange known for its extensive range of digital assets and trading pairs. It has become increasingly popular in the UK due to its low trading fees and comprehensive features.

• Features: Binance provides a range of services, including spot trading, futures trading, and staking. The app supports various deposit methods and offers a high degree of liquidity for Bitcoin transactions.

• Security: Binance employs industry-leading security measures, including encryption and cold storage for the majority of funds. Users can also enable 2FA to enhance account protection.

• Fees: Binance charges relatively low trading fees, typically around 0.1% for both makers and takers. Additionally, users can reduce fees further by using Binance Coin (BNB) to pay for transaction costs.

3. Revolut

Revolut is a financial app that has expanded its services to include cryptocurrency trading. It provides an easy way to buy and send Bitcoin through a sleek mobile interface.

• Features: Revolut allows users to buy, sell, and hold Bitcoin and several other cryptocurrencies. The app integrates seamlessly with traditional banking services, allowing users to manage their crypto assets alongside their everyday finances.

• Security: Revolut uses bank-grade security measures and offers insurance for cryptocurrency holdings. Users can also enable 2FA for added protection.

• Fees: Revolut charges a small fee for cryptocurrency transactions, which varies depending on the user’s subscription plan. Higher-tier plans offer reduced fees and additional features.

4. Kraken

Kraken is another major player in the cryptocurrency exchange space, known for its strong security practices and extensive range of supported assets.

• Features: Kraken supports a wide range of cryptocurrencies, including Bitcoin. The app offers advanced trading features, including margin trading and futures contracts, catering to both beginners and experienced traders.

• Security: Kraken is renowned for its robust security measures, including cold storage for the majority of funds, regular security audits, and 2FA.

• Fees: Kraken charges trading fees based on the volume of trades, starting at 0.16% for makers and 0.26% for takers. Higher trading volumes result in lower fees.

5. Bitstamp

Bitstamp is one of the longest-standing cryptocurrency exchanges and is known for its reliability and straightforward interface.

• Features: Bitstamp offers a simple platform for buying and selling Bitcoin, with options for bank transfers and credit/debit card payments. The app is designed for users who prefer a no-frills approach to trading.

• Security: Bitstamp uses strong security practices, including encryption, cold storage, and regular security updates. 2FA is also available for account protection.

• Fees: Bitstamp charges a trading fee of 0.50% for both buy and sell orders. The fee decreases with higher trading volumes.

6. eToro

eToro is a social trading platform that includes cryptocurrency trading among its services. It offers a unique approach by allowing users to copy the trades of successful investors.

• Features: eToro provides an easy-to-use platform for buying and sending Bitcoin, along with a social trading feature that enables users to follow and replicate the trades of experienced investors.

• Security: eToro employs various security measures, including encryption and 2FA, to protect user accounts and funds.

• Fees: eToro charges a spread on cryptocurrency trades, which varies depending on the asset and market conditions. The platform also offers a range of account types with different fee structures.

Conclusion

Choosing the right app for buying and sending Bitcoin in the UK depends on your specific needs and preferences. Coinbase and Binance are excellent choices for those looking for a broad range of features and low fees, while Revolut offers a convenient integration with traditional banking. Kraken and Bitstamp provide robust security and reliable services, while eToro offers a unique social trading experience. Assessing the features, security, and fees of each app will help you find the best option for managing your Bitcoin transactions.