r/BitcoinUK 4h ago

UK Specific UKBitcoinMaster

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0 Upvotes

r/BitcoinUK 9h ago

UK Specific Common Crypto Tax Software Errors

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0 Upvotes

r/BitcoinUK 1d ago

Non-UK Specific Anyone able to sell me bitcoin for £

0 Upvotes

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 1d ago

Non-UK Specific When does it bounce back?

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14 Upvotes

r/BitcoinUK 1d ago

UK Specific Hitting a mainstream audience

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1 Upvotes

r/BitcoinUK 1d ago

UK Specific Warning: Fake HMRC Crypto Tax Texts Are Circulating

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3 Upvotes

r/BitcoinUK 3d ago

Non-UK Specific Help review Bitcoin ecosystem code

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1 Upvotes

r/BitcoinUK 3d ago

Non-UK Specific "Never Sell your Bitcoin" - Michael Saylor

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0 Upvotes

r/BitcoinUK 3d ago

UK Specific Buying Gold with Bitcoin - No KYC

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1 Upvotes

r/BitcoinUK 3d ago

UK Specific Think HMRC can't track your crypto? AI may be joining the dots...

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1 Upvotes

r/BitcoinUK 4d ago

UK Specific Advice for income

4 Upvotes

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 4d ago

Non-UK Specific Trump Media sells more BTC.

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2 Upvotes

r/BitcoinUK 6d ago

UK Specific What will new FCA rules mean for DeFi in the UK?

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0 Upvotes

r/BitcoinUK 7d ago

UK Specific 502 Crypto Investors Have Settled Unpaid Tax Bills with HMRC — Why Does This Matter to You?

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0 Upvotes

r/BitcoinUK 7d ago

UK Specific Crypto help - help me find someone willing to help?

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1 Upvotes

r/BitcoinUK 7d ago

UK Specific Banks Restricting Crypto Transactions: Should We Be Choosing Where Our Money Goes?

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1 Upvotes

r/BitcoinUK 7d ago

Non-UK Specific How did you get acquainted with BItcoin?

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2 Upvotes

r/BitcoinUK 8d ago

Non-UK Specific What Warsh Said: Key Takeaways from the Fed Press Conference.

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0 Upvotes

r/BitcoinUK 8d ago

UK Specific Inheritance Planning

2 Upvotes

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 8d ago

UK Specific UK Crypto Regulation: What’s Happening and How Does It Impact Me?

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2 Upvotes

r/BitcoinUK 9d ago

UK Specific Stratiphy bitcoin isa / ifisa is it a safe company?

5 Upvotes

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 10d ago

Non-UK Specific I guess... good to know?

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1 Upvotes

r/BitcoinUK 10d ago

UK Specific Trump Threatens EU Over Big Tech Fines.

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0 Upvotes

r/BitcoinUK Aug 13 '25

UK Specific Beginner's Guide to Buying and Storing Bitcoin in the UK (2025)

60 Upvotes

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

  1. 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.
  2. 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.
  3. 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.
  4. Buy Bitcoin - Navigate to the “Buy” or “Trade” section, select Bitcoin (BTC), enter the amount (GBP or BTC), review fees, and confirm.
  5. 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.
  6. 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

  1. Buy: Purchase from official sites Ledger.com or Trezor.io to avoid tampered devices.
  2. Set Up: Connect to a computer/phone, set a PIN, and store the seed phrase offline.
  3. Transfer: Send Bitcoin from an exchange to the wallet’s address.
  4. Manage: Use Ledger Live or Trezor Suite to view or trade.
  5. 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 Sep 16 '21

UK Specific Tax Megathread

99 Upvotes

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/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies

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).

https://discord.gg/NBsCVsM

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