Buy Bitcoin & Crypto in the UK

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You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

  • Popular Exchanges to Buy Bitcoin & Crypto in the UK
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk.

    This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

  • CoinJar
    • iOS & Android apps that let you trade
    • Fast bank transfers
    • Crypto exchange established in 2013
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card

eToroeToro Buy Bitcoin Read Review

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.

Pros
  • Offers unique copy trading feature
  • Trusted echange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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Ease of Use
Easy
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Low
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Average
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Low
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High
Buy Bitcoin Read Review

CoinJarCoinJar Buy Bitcoin

Established in 2013, CoinJar makes it easy to buy, sell and spend cryptocurrency. CoinJar's iOS and Android apps allow users to trade cryptocurrencies on the go, while CoinJar Exchange and CoinJar OTC Trading Desk cater for professional traders, as well as individuals and institutions looking to make larger transactions.

We may receive compensation when you use CoinJar. Please visit CoinJar for its exact pricing terms.

This is an ad. We may receive compensation when you use CoinJar. Please visit CoinJar for its exact pricing terms.

Pros
  • Fees 1% (as low as 0.1% for high trading volumes)
  • Clean interface makes it easy for first-time buyers
  • Instant bank transfer
  • Established in 2013
Cons
  • Once off ID verification required to deposit or withdraw
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Ease of Use
Easy
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Privacy
Low
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Average
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Low
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Average
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High
Buy Bitcoin

CoinbaseCoinbase Buy Bitcoin Read Review

Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe (besides Germany), UK, Singapore, Canada, and Australia.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

CoinmamaCoinmama Buy Bitcoin Read Review

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

CEX.ioCEX.io Buy Bitcoin Read Review

CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.

We may receive compensation when you use CEX.io. Please visit CEX.io for its exact pricing terms.

Pros
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
Cons
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity
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Ease of Use
Average
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Privacy
Low
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Speed
Average
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Fees
Average
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Trusted
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Limits
Average
Buy Bitcoin Read Review

BitpandaBitpanda Buy Bitcoin Read Review

Bitpanda is a Bitcoin broker based in Europe.

They have high payment limits and low fees across their wide range of payment methods.

Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.

Our guide will show you how to buy bitcoins with a credit card on Bitpanda.

We may receive compensation when you use Bitpanda. Please visit Bitpanda for its exact pricing terms.

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren't shown openly on the site but instead included in the buying price
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

Coinbase ProCoinbase Pro Buy Bitcoin Read Review

Coinbase's exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

We may receive compensation when you use Coinbase Pro. Please visit Coinbase Pro for its exact pricing terms.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • User interface is confusing for first time buyers
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

KrakenKraken Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
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Privacy
Low
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Average
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Low
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Trusted
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High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
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Ease of Use
Hard
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Privacy
High
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Speed
Fast
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Fees
Low
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Trusted
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Limits
Average
Buy Bitcoin Read Review

BittyliciousBittylicious Buy Bitcoin

Bittylicious is a Bitcoin exchange located in the United Kingdom. Customers can purchase bitcoin instantly via Barclays Pingit, Faster Payments-enabled bank transfer, Paym, or credit/debit card.

We may receive compensation when you use Bittylicious. Please visit Bittylicious for its exact pricing terms.

Pros
  • One of the fastest ways to buy bitcoins in the UK
  • Refund guarantee in the event of delayed payment
Cons
  • ID required for card purchases
  • RBS/Natwest PYC payment method unavailable
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Ease of Use
Easy
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Privacy
Average
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Bitcoin

BitBargainBitBargain Buy Bitcoin

BitBargain is peer to peer marketplace for buying and selling bitcoin in the United Kingdom. The company vets its sellers to ensure that only those with positive buyer feedback are allowed to trade.

Pros
  • Ability to buy bitcoins instantly with a number of payment methods
  • Many trusted sellers, so reduced risk of getting scammed
  • BitBargain claims an average purchase time of 8 minutes
Cons
  • Hard to buy large amounts of bitcoins
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Ease of Use
Easy
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Privacy
Average
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Speed
Fast
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Fees
Average
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Trusted
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Limits
Average
Buy Bitcoin

QuickBitcoinQuickBitcoin Buy Bitcoin

QuickBitcoin lets you buy bitcoins in the UK in under an hour, utilising online bank transfers. They also offer a unique anti-ransomware service to help you unlock a computer affected by such malware.

Pros
  • Fast delivery of bitcoins
  • Established and trusted broker
  • Many positive user reviews
Cons
  • Limited payment options
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
Average
Buy Bitcoin

PaymiumPaymium Buy Bitcoin

Paymium was the first European Bitcoin exchange, founded in 2011. It provides a EUR/BTC exchange service, and complies with all relevent European Regulations. Customers can purchase bitcoins via SEPA, wire transfer, or credit card.

Pros
  • Established and trusted exchange
  • Mobile app available
Cons
  • ID verification required for amounts over €2,500, so not private
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin

BitstampBitstamp Buy Bitcoin

BitStamp is one of the world's largest and most well-known Bitcoin exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.

Pros
  • One of the longest-running Bitcoin exchanges
  • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
  • Good range of deposit and withdrawal options
  • Deep liquidity promotes a price close to fair market rate
  • Offers wide range of altcoins
Cons
  • Has been hacked before, users should not store funds on the exchange for any period of time
  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume
  • Geared towards traders; slightly confusing for first time buyers
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Ease of Use
Hard
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Privacy
Low
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Speed
Slow
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Bitcoin

CoinCornerCoinCorner Buy Bitcoin

CoinCorner is a Bitcoin exchange based on the Isle of Man. They cater to first-time buyers in the UK, Europe, Canada, Australia, and certain African, Asian, and South American countries. CoinCorner users may purchase bitcoins with SEPA, credit/debit card, GBP bank transfer, and now Neteller too. No verification required for purchases under £100.

We may receive compensation when you use CoinCorner. Please visit CoinCorner for its exact pricing terms.

Pros
  • Trusted and regulated company in the UK
  • Wide range of payment options
  • Good customer support
  • Instant credit card purchases
  • Supports a very wide range of countries
  • Video tutorials covering the basics of Bitcoin and buying and selling
  • Multi-sig security features
Cons
  • 1% trading fee slightly high by European standards
  • Offers a mobile wallet but this is not ideal for bitcoin storage
  • Requires ID verification, so not private
  • Does not provide exchange prices for comparison without sign-up
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
Average
Buy Bitcoin

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Bitcoin

The State of Bitcoin in the UK

The United Kingdom’s capital, London, is one of the biggest financial centers across the globe. Unsurprisingly, fintech adoption in the country remains strong with both Deloitte and EY rating London as a leading global hub for fintech.

According to a survey by YouGov late last year, 93% of individuals in the U.K. have heard of Bitcoin. More importantly, nearly a fourth of the respondents to the survey said that they understand Bitcoin “fairly well.” However, only 4% of the respondents in the survey said that they have purchased Bitcoin.

But with what seems like a high awareness level, it wouldn’t be surprising to see Bitcoin adoption picking up pace in the U.K., especially considering that the regulatory environment remains on the favorable side.

The Regulatory Environment

The Financial Conduct Authority (FCA) is the U.K.’s financial regulatory body. Though the FCA regulates some crypto-assets in the U.K., Bitcoin is still out of its purview and is not considered legal tender. However, the U.K. government is in favor of Bitcoin being regulated by the FCA in a bid to prevent money laundering and protect the interests of investors.

So far, the FCA hasn’t had jurisdiction over Bitcoin as it doesn’t put virtual currencies into the same bracket as commodities or currencies. According to the FCA, “cryptoassets designed primarily as a means of payment or exchange would not generally sit within the scope of FCA authority.” However, since the agency is tasked with providing protection to consumers and investors, it has followed a wait-and-watch strategy.

But it looks like the FCA could bring Bitcoin under its umbrella this year. According to John Glen, the economic secretary to the Treasury, “The government will consult early next year to explore whether other crypto-assets that have comparable features to specified investments but that fall outside the current perimeter should be captured in regulation.”

Glen further added that the U.K. government believes that “benefits could potentially develop in the future through the use of initial coin offerings as a capital raising tool.” This indicates that the British government is potentially looking at promoting Bitcoin in a more regulated manner going forward by putting structures in place that will provide avenues for investor compensation and consumer grievances.

As it stands, cryptocurrency exchanges are required to register with the FCA, and are subject to the agency’s anti-money laundering standards just like the other financial institutions in the country. So a move aimed at providing investor protection can boost Bitcoin demand in the U.K. going forward as potential buyers will be assured that there interests will be looked after by a governing agency.

Buying and Spending Bitcoins in the U.K.

It is very easy to buy Bitcoin in the U.K. through one of the many cryptocurrency exchanges. Our guide to buying Bitcoin in the U.K. suggests that there are 38 Bitcoin exchanges available in the country with varying fee structures, limits, and reputations. You can choose one of them based on your requirement to get access to Bitcoin, though it is ideally suggested getting a secure wallet first where you’ll be storing the cryptocurrency.

More importantly, the U.K. gives Bitcoin holders several avenues where they can spend their cryptocurrency. In fact, there are quite a few businesses ranging from web hosting providers, gift providers, car leasing companies, and even a law firm where you can spend your Bitcoin in the U.K. You can even take sushi classes at one of the several Your Sushi locations spread across the U.K. and pay for the same in Bitcoin.

Of course, owners of Bitcoin in the U.K. can use the digital currency for making peer-to-peer payments as well.

The Brexit impact

Britain’s decision of making an exit from the European Union is expected to boost demand for Bitcoin in the country. That’s because Bitcoin’s purpose of serving as a digital currency that transcends borders will help users make or accept payments, and also hedge their assets in case of a “hard” Brexit. Bank of England governor Mark Carney has warned that the British pound could lose a quarter of its value in case of a no deal Brexit (an event where the U.K. leaves the EU without striking a trading agreement).

This has triggered more interest in an alternative currency such as Bitcoin as its value is not controlled by any government. Cryptocurrency exchange Binance, which recently started its operations in Jersey – a self-governing dependency of Britain – is overwhelmed with registrations on the platform as it allows users to trade pounds and euros with Bitcoin.

In the end, it can be concluded that the state of Bitcoin in the U.K. seems healthy thanks to the variety of reasons listed above that could boost demand for the cryptocurrency going forward.