Getting Started

This first section of UK Buy Bitcoins aims to hold your hand through the process of buying your first Bitcoin. If you need to learn more about what Bitcoin is before making a purchase, then you should click here. If you already own some Bitcoin and just want to buy, please scroll down this page to the 'Buy Some Bitcoin' section.

On a day to day basis, chances are you store your money (£) in a purse or wallet, and Bitcoin is no different. In order to buy Bitcoin, you will first need a digital wallet to store it in.



Choose Your Bitcoin Wallet

There are 2 different types of digital wallet available to store Bitcoin, a blockchain wallet and a hardware wallet. Whilst there are many different companies offering these services, the wallet providers below are highly recommended for security and ease of use. Click on the one you prefer, then follow the instructions on the video to get setup.

Blockchain Wallet

The Blockchain.info wallet is a trusted, free online digital wallet which can be created online in 5 minutes.

Setup: Quick & easy
Cost: Free
Security: Good
Navigation: Easy for beginners
Pro's: One of the first readily available web-based Bitcoin wallets. Accessible anywhere with a computer/mobile and internet connection.
Con's: More hackable than a hardware wallet, especially if you are clumsy with passwords. If you lose or forget your password and recovery seed, you lose your Bitcoin. Only stores Bitcoin and Ethereum.

Hardware Wallet

Trezor is a small, nifty piece of hardware which stores your Bitcoin super safe, well away from hackers.

Setup: Just plugin to your computer and follow some very easy, step-by-step instructions
Cost: £60 - £130
Security: As safe as it gets
Navigation: Easy for beginners
Pro's: Arguably the number #1 hardware wallet available for easy use and security. No need for long passwords, just a simple 6 digit code. Can store many different coins. The Trezor Model T stores 1000+ different coins, Trezor One around 10. Either is fine for storing Bitcoin.
Con's: It's not free, and you have to wait around 5 days for it to arrive in the post. If you lose it, you need to buy a new one (but you can still recover your Bitcoin with the recovery seed reminder provided). You need the physical hardware to access your Bitcoin.


Buy Some Bitcoin

Here you can quickly and easily buy some Bitcoin with your Visa or Mastercard. It works in the same way as when you exchange your Pound Sterling (£) for e.g. Euro or USD ($) when you go on holiday, only in this case you are changing it into Bitcoin. If you haven't done this before, you should click here to watch this video which will slowly guide you through the 2 minute process.

Buy Bitcoin

This first section of UK Buy Bitcoins aims to hold your hand through the process of buying your first Bitcoin. If you need to learn more about what Bitcoin is before making a purchase, then you should click here. If you already own some Bitcoin and just want to buy, please scroll down this page to the 'Buy Bitcoin' section.

On a day to day basis, chances are you store your money (£) in a purse or wallet, and Bitcoin is no different. In order to buy Bitcoin, you will first need a digital wallet to store it in.


 

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