Apps to Buy Bitcoin in the UK

With the increasing interest in cryptocurrencies, many individuals in the UK are looking for reliable apps to purchase Bitcoin. This comprehensive guide will explore some of the most popular apps available, detailing their features, benefits, and any associated costs. By understanding these options, you can make an informed decision on which platform best suits your needs.

1. Coinbase
Coinbase is one of the most well-known cryptocurrency platforms globally and is widely used in the UK. It offers a user-friendly interface and supports a variety of cryptocurrencies, including Bitcoin. Coinbase provides a secure platform with features such as two-factor authentication and insurance for digital assets stored on the exchange. It charges a standard fee of about 1.49% for buying and selling cryptocurrencies.

2. Binance
Binance is another leading exchange known for its low trading fees and extensive range of cryptocurrencies. It offers a robust app for both iOS and Android, providing access to Bitcoin and numerous other digital currencies. Binance’s fee structure is competitive, starting at 0.1% for trades, which can be reduced further by using the Binance Coin (BNB) for transaction fees. The platform also provides advanced trading features for experienced users.

3. Kraken
Kraken is highly regarded for its strong security features and variety of trading options. The app offers access to Bitcoin and many other cryptocurrencies, with a focus on providing a safe trading environment. Kraken charges a fee of 0.16% for makers and 0.26% for takers, with discounts available for high-volume traders. The platform also offers futures trading and margin trading options.

4. Bitstamp
Bitstamp is one of the oldest cryptocurrency exchanges and is known for its reliability and compliance with regulatory standards. The app provides a straightforward way to buy Bitcoin with a minimal fee of 0.5% per transaction. Bitstamp is suitable for both beginners and experienced traders, offering a range of advanced trading tools.

5. eToro
eToro is a social trading platform that allows users to buy Bitcoin and other cryptocurrencies while also enabling social trading features, such as following and copying other traders' strategies. The app is designed to be user-friendly and offers zero commission on cryptocurrency trades, though there is a spread fee that varies depending on the asset. eToro also provides educational resources to help users understand the market.

6. Revolut
Revolut is a financial app that includes cryptocurrency trading among its features. It provides a seamless experience for buying Bitcoin and other digital currencies directly from your Revolut account. Revolut offers competitive fees, with a spread of around 1.5% for Bitcoin trades. The app is integrated with traditional banking services, making it a convenient option for those who want to manage both fiat and digital currencies in one place.

7. CEX.IO
CEX.IO is a global cryptocurrency exchange that offers a simple app for buying Bitcoin. It supports multiple payment methods, including bank transfers and credit/debit cards. CEX.IO charges a fee of up to 3.5% for card transactions and a lower fee for bank transfers. The platform also provides a range of trading features and is known for its ease of use.

8. Coinfloor
Coinfloor is a UK-based cryptocurrency exchange that focuses on providing a secure and straightforward way to buy Bitcoin. The app offers competitive fees, starting at 0.3% per trade, and is designed with a focus on security and customer support. Coinfloor caters specifically to UK users, making it a suitable option for those who prefer a local platform.

9. Gemini
Gemini is a regulated exchange based in the US that has expanded its services to the UK. The app provides a secure environment for buying Bitcoin, with features such as insurance for digital assets and advanced security measures. Gemini charges a fee of about 1.49% for transactions, with additional fees for certain payment methods.

10. Blockchain.com
Blockchain.com offers a wallet and exchange platform where users can buy Bitcoin. The app provides a straightforward way to manage and trade cryptocurrencies, with a focus on security and ease of use. Blockchain.com charges a fee of around 1% for purchases and offers additional features like a wallet and transaction history tracking.

When choosing an app to buy Bitcoin, consider factors such as fees, security, user experience, and the range of supported cryptocurrencies. Each of these apps has its strengths, and the best choice will depend on your specific needs and preferences.