Which App Can I Buy Bitcoin in the UK?

In recent years, buying Bitcoin has become increasingly popular in the UK, with various apps offering easy access to cryptocurrency trading. This article will explore some of the best apps for purchasing Bitcoin in the UK, highlighting their features, fees, and user experiences to help you make an informed choice.

1. Coinbase

Coinbase is one of the most well-known cryptocurrency exchanges globally and has a strong presence in the UK. The app offers a user-friendly interface, making it ideal for beginners. Users can buy Bitcoin using various payment methods, including bank transfers and credit/debit cards.

• Features: Easy-to-use interface, strong security measures, and a variety of cryptocurrencies.
• Fees: Coinbase charges a spread of approximately 0.50% for buying and selling Bitcoin, along with a flat fee that varies depending on the transaction amount.
• User Experience: The app is praised for its intuitive design and customer support.

2. Binance

Binance is known for its low fees and extensive range of cryptocurrencies. It's a great choice for both beginners and experienced traders. The app supports Bitcoin purchases through bank transfers, credit/debit cards, and even other cryptocurrencies.

• Features: Low trading fees, advanced trading options, and a wide range of cryptocurrencies.
• Fees: Binance charges a standard fee of 0.10% for trades, with discounts available for high-volume traders.
• User Experience: Binance offers a robust platform with many trading features, but its interface can be overwhelming for new users.

3. Revolut

Revolut is a financial technology company that provides a mobile app for managing various financial services, including cryptocurrency trading. Users can buy Bitcoin directly through the app, making it a convenient option for those already using Revolut for other banking needs.

• Features: Integration with other financial services, instant Bitcoin purchases, and competitive exchange rates.
• Fees: Revolut charges a spread fee on cryptocurrency transactions, which can vary. There are also subscription plans with different fee structures.
• User Experience: The app is praised for its seamless integration with everyday banking and financial management.

4. Gemini

Gemini is a regulated cryptocurrency exchange that offers a secure platform for buying Bitcoin. The app is designed to cater to both new and experienced users, providing a range of tools for managing investments.

• Features: Strong security features, regulated exchange, and a user-friendly interface.
• Fees: Gemini charges a fee of up to 0.50% for trading, with additional fees depending on the payment method.
• User Experience: Users appreciate Gemini's focus on security and regulatory compliance.

5. Kraken

Kraken is another reputable exchange with a strong presence in the UK. It offers a comprehensive range of cryptocurrencies, including Bitcoin, and provides various payment methods for purchasing.

• Features: Wide range of cryptocurrencies, advanced trading options, and high liquidity.
• Fees: Kraken charges a fee of 0.16% for makers and 0.26% for takers. Discounts are available for higher trading volumes.
• User Experience: The app is known for its detailed trading tools and security measures, though it might have a steeper learning curve for beginners.

6. eToro

eToro is a social trading platform that allows users to buy Bitcoin and other cryptocurrencies. The app combines traditional trading features with social trading elements, enabling users to follow and copy the trades of experienced investors.

• Features: Social trading capabilities, a variety of financial instruments, and a user-friendly interface.
• Fees: eToro charges a spread fee for cryptocurrency trades, which can be higher compared to other platforms.
• User Experience: The app is appreciated for its innovative approach to trading and its ease of use.

7. Bitstamp

Bitstamp is one of the longest-running cryptocurrency exchanges and provides a reliable platform for buying Bitcoin. It offers a straightforward app with essential trading features.

• Features: Long-standing reputation, straightforward trading interface, and strong security measures.
• Fees: Bitstamp charges a fee of 0.25% for trades, with lower fees for high-volume traders.
• User Experience: Users value Bitstamp's reliability and simple interface, making it a solid choice for purchasing Bitcoin.

Conclusion

Choosing the right app to buy Bitcoin in the UK depends on your specific needs, such as fees, user experience, and additional features. Coinbase and Binance are great for a wide range of users, while Revolut offers a convenient option for those already using its financial services. Gemini and Kraken provide robust platforms with strong security features, and eToro stands out for its social trading aspects. Bitstamp remains a reliable choice for those looking for simplicity and a long-standing reputation in the industry.

By considering these factors, you can select the app that best suits your needs for buying Bitcoin in the UK.