Secure ways to buy crypto in the UK is a hot area of the financial market, but it’s important to understand regulatory guidelines and storage methods before you dive in. The UK’s financial services authority, the FCA, regulates crypto assets to ensure accurate information and risk warnings are provided. It also requires that exchanges and brokers safeguard digital wallets, which are needed for storing cryptocurrency holdings.

Buying your first crypto can be intimidating because of a wide range of options and technical jargon. This article breaks the process down into easy-to-understand steps, so you can be confident in your decision to invest.

When you’re ready to buy, the first step is to choose an exchange. While some are regulated by the FCA, others aren’t, so make sure to read reviews and compare fees before you deposit your money. You should also consider switching to a cold or secure wallet to avoid the potential for hacks on an exchange-based wallet.

Top 5 UK Crypto Wallets for Secure Storage in 2024

One of the best ways to purchase crypto in the UK is with Coinbase, a leading cryptocurrency exchange that offers competitive fees, excellent security measures, and an intuitive interface. It also supports multiple payment methods, including debit cards and bank accounts. With an account, you can buy over 250 different cryptocurrencies. You can even convert crypto into national currencies, and you can spend your crypto with a virtual Mastercard card that doesn’t charge transaction fees. Another good option is Uphold, a UK-based cryptocurrency exchange that allows you to buy and sell Bitcoin and other digital assets with an identity verification process and a small fee.