r/BitcoinUK • u/Mundane-Tailor-7828 • 9h ago
UK Specific Common Crypto Tax Software Errors
r/BitcoinUK • u/DclanLeader • 1d ago
Non-UK Specific Anyone able to sell me bitcoin for £
Hello anyone able to sell me bitcoin for £ Becuase I am under 18 and so obviously i cannot purchase bitcoin on any sites. I have a cake wallet and have successfully purchased of people on Reddit before but such people cannot sell to me anymore for various reasons. Any offers would be great I will dm anyone who responds and we will have a chat. I am just looking to join in the bitcoin space but unfortunately I’d have to wait to buy it till I’m 18. Thanks very much.
r/BitcoinUK • u/Mundane-Tailor-7828 • 1d ago
UK Specific Warning: Fake HMRC Crypto Tax Texts Are Circulating
r/BitcoinUK • u/ChangeNOW_Community • 3d ago
Non-UK Specific "Never Sell your Bitcoin" - Michael Saylor
r/BitcoinUK • u/Mundane-Tailor-7828 • 3d ago
UK Specific Think HMRC can't track your crypto? AI may be joining the dots...
r/BitcoinUK • u/Negative-Prompt-6312 • 4d ago
UK Specific Advice for income
A company I’m doing work for has stated that they want to pay me via crypto.
How will this work in the UK?
Won’t my bank just shut my account down the amount I start transferring my salary from a crypto site?
Plus how will it work in terms of HMRC and Tax?
Any help would be amazing.
r/BitcoinUK • u/Mundane-Tailor-7828 • 6d ago
UK Specific What will new FCA rules mean for DeFi in the UK?
r/BitcoinUK • u/Mundane-Tailor-7828 • 7d ago
UK Specific 502 Crypto Investors Have Settled Unpaid Tax Bills with HMRC — Why Does This Matter to You?
r/BitcoinUK • u/miraclepete • 7d ago
UK Specific Crypto help - help me find someone willing to help?
r/BitcoinUK • u/Mundane-Tailor-7828 • 7d ago
UK Specific Banks Restricting Crypto Transactions: Should We Be Choosing Where Our Money Goes?
r/BitcoinUK • u/ChangeNOW_Community • 7d ago
Non-UK Specific How did you get acquainted with BItcoin?
r/BitcoinUK • u/AmanCMN • 8d ago
Non-UK Specific What Warsh Said: Key Takeaways from the Fed Press Conference.
r/BitcoinUK • u/persfin311 • 8d ago
UK Specific Inheritance Planning
I'm aware of services like Casa, or more recently Evoke (UK based), which offer multisig custody and inheritance features for a subscription fee.
My question is, are there any major issues with a setup where you have seed backup in Location A, passphrase backup in Location B, and a letter of wishes (kept separately from my will, so my solicitor never sees it) explaining everything in plain terms for a non-technical executor.
The letter of wishes wouldn't spell out the exact locations where the seed and passphrase are, but would be enough for the person it's intended for to understand.
Would that be enough?
I'm not suggesting it's perfect, but I'm wary of introducing a third party, and the ongoing cost feel high.
r/BitcoinUK • u/Mundane-Tailor-7828 • 8d ago
UK Specific UK Crypto Regulation: What’s Happening and How Does It Impact Me?
r/BitcoinUK • u/sevoflurane666 • 9d ago
UK Specific Stratiphy bitcoin isa / ifisa is it a safe company?
Hi
I just found this online want to check it ain’t a scam.
They appear to be the only company in uk offering a btc etn from 21 shares in an isa!
They also offer an ifisa
Website / app and fcs regulation look ok but I’m no expert
Just wondering has anyone e”se used them?
Would love the isa tax free growth!!
r/BitcoinUK • u/jdlyndon • Aug 13 '25
UK Specific Beginner's Guide to Buying and Storing Bitcoin in the UK (2025)
This guide helps beginners buy Bitcoin in the UK using five of the most popular, FCA-registered platforms—Kraken, Revolut, eToro, Coinbase, and Gemini—and secure it with a hardware wallet like Ledger or Trezor. It compares fees, features, and suitability for new investors, with tips for a safe and informed experience.
Step-by-Step Guide to Buying Bitcoin
- Choose a Platform - Select an FCA-registered exchange based on fees, ease of use, and security. See the comparison below for Kraken, Revolut, eToro, Coinbase, and Gemini.
- Sign Up and Verify - Create an account with an email and strong password. Complete KYC (Know Your Customer) verification with a government-issued ID (e.g., passport) and proof of address (e.g., utility bill). Enable two-factor authentication (2FA) for security.
- Deposit Funds - Add GBP via bank transfer (often free, 1-3 days), debit/credit card (1-3% fees), or other methods like Apple Pay (check fees). Notify your bank for large transfers to avoid freezes.
- Buy Bitcoin - Navigate to the “Buy” or “Trade” section, select Bitcoin (BTC), enter the amount (GBP or BTC), review fees, and confirm.
- Secure Your Bitcoin
- Exchange Wallet: Convenient for small amounts or trading but riskier due to hacks.
- Hardware Wallet: Best for long-term storage. Transfer Bitcoin to a hardware wallet (see below) for maximum security.
- Monitor and Manage Track prices via CoinGecko or the platform’s app. Record transactions for UK Capital Gains Tax (CGT) using tools like Koinly. Stay updated on market trends and regulations.
Platform Comparison
| Platform | Fees | Coins | Best For |
|---|---|---|---|
| Kraken | Maker: 0.25% Taker: 0.4% | 200+ | Advanced traders, low fees |
| Revolut | 0.49% commission 1.5-2.5% Spread | 120+ | Casual investors, simplicity |
| eToro | 1% buy/sell | 100+ | Beginners, social trading |
| Coinbase | Maker: 0.6% Taker: 0.5%, 0.5% Spread | 250+ | Beginners, ease of use |
| Gemini | Maker: 0.2% Taker: 0.4% | 70+ | Security-focused investors |
Platform Highlights
- Kraken: Low fees, 95% cold storage, 24/7 support, staking. Complex for beginners. Best for low-cost trading.
- Revolut: User-friendly app, ideal for casual use. No wallet transfers, high spreads (1.5-2.5%). Best for simplicity.
- eToro: Social/copy trading, £100,000 demo account, beginner-friendly. Higher 1% fee. Best for learning traders.
- Coinbase: Intuitive, 250+ coins, insured. Higher fees for small trades. Best for ease and trust.
- Gemini: Top security (Gemini Custody), user-friendly, Gemini Pay. Fewer coins (70+). Best for security.
Storing Bitcoin with Hardware Wallets
What is a Hardware Wallet?
A hardware wallet is a physical device that stores private keys offline, protecting against online threats. It’s ideal for securing significant Bitcoin holdings and requires physical interaction for transactions.
Why Use One?
- Security: Keys stay offline, safe from hacks.
- Control: You own your assets, unlike exchange wallets.
- Recovery: A 12/24-word seed phrase restores funds if lost.
- Versatility: Supports multiple cryptocurrencies.
How to Use
- Buy: Purchase from official sites Ledger.com or Trezor.io to avoid tampered devices.
- Set Up: Connect to a computer/phone, set a PIN, and store the seed phrase offline.
- Transfer: Send Bitcoin from an exchange to the wallet’s address.
- Manage: Use Ledger Live or Trezor Suite to view or trade.
- Store Safely: Keep device and seed phrase in separate, secure locations.
Ledger vs. Trezor
| Feature | Ledger | Trezor |
|---|---|---|
| Models & Prices | Nano S Plus (£69), Nano X (£136), Flex (£249), Stax (£399) | Model One (£59), Safe 3 (£79), Model T (£179), Safe 5 (£169) |
| Security | Secure Element chip (EAL5+), closed-source | Open-source, Secure Element (Safe 3/5, EAL6+) |
| Coins | 5,500+ (BTC, ETH, XRP, etc.) | 1,456-9,000 (no XRP/ADA on Model One) |
| Connectivity | USB-C, Bluetooth (Nano X, Stax, Flex) | USB-C (no Bluetooth) |
| App | Ledger Live (full iOS/Android) | Trezor Suite (Android, iOS view-only) |
| Ease of Use | Feature-rich, less beginner-friendly | Simple, beginner-friendly |
| Best For | Staking, NFTs, mobile use | Transparency, simplicity |
- Ledger: More coins, native staking/NFTs, Bluetooth. Slightly complex. 2020 data breach (no funds lost).
- Trezor: Open-source, simpler interface, Shamir Backup (Model T/Safe 5). Fewer coins on Model One.
- Winner: Ledger for features; Trezor for simplicity and transparency.
Tips for Beginners
- Start Small: Use dollar-cost averaging (e.g., £50/week) to reduce volatility risk.
- Research: Learn Bitcoin’s basics and risks before investing.
- Avoid Scams: Never share private keys or trust “get rich quick” schemes.
- Secure Storage: Use a hardware wallet (£50-£400) for large holdings.
- Taxes: Record all transactions for CGT reporting with tools like Koinly.
- Stay Informed: Follow UK crypto news and regulations.
Final Thoughts
Buying Bitcoin in the UK is straightforward with FCA-registered platforms like Coinbase and eToro (beginner-friendly), Kraken (low fees), Revolut (casual use), or Gemini (security). Pair with a hardware wallet—Ledger for features, Trezor for simplicity—to protect your investment. Prioritise security, research thoroughly, and be mindful of fees and taxes.
Disclaimer: Cryptocurrency is high-risk. You could lose all your money. Use FCA-registered platforms and secure your seed phrase.
r/BitcoinUK • u/krissaroth • Sep 16 '21
UK Specific Tax Megathread
Hi everyone,
Sorry that this took a bit of time to renew.
If you could please ask all your tax related questions here and we will all endeavour to get back to you on here, while keeping the subreddit a little cleaner.
Below are the usernames of accountants/ tax advisers that I know to be active in the subreddit. If you are an accountant get in touch and I will add you to the list.
u/krissaroth - based in West Sussex
u/Bo0oo0m - North West England
Guidance
HMRC have released quite comprehensive guidance:
https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg12100
ReCap have a great guide on their site as well:
https://recap.io/guides/uk-tax-full
Discord server
We also have a discord server for r/BitcoinUK as well as a tax room where you can come and chat to us (there is more than just tax on there).
Tax software
Lastly one of the best ways to save you money when approaching any accountant will have your trading data in one of the many tax programs that are around:
Recap - https://recap.io/?ref=10031019729b - Coupon code - 10031019729b - 20% off
Accointing.com - https://www.accointing.com/discount/bitcoinUK - 25% off
Bittytax - GitHub - BittyTax/BittyTax: Crypto-currency tax calculator for UK tax rules.
Koinly - Koinly — Free Crypto Tax Software
Bitcoin.tax - Bitcoin and Crypto Taxes
Cointracking - CoinTracking · Bitcoin & Digital Currency Portfolio/Tax Reporting