How to buy Crypto in the UK 2024

In this video, we’ll show you how to buy Crypto in the UK. We’ll cover different ways to purchase Crypto and explain the benefits and drawbacks of each.

If you’re looking to invest in Crypto but don’t know where to start, this video is for you! We’ll show you how to buy Crypto in the UK without any hassle, and help you choose the best way to buy Crypto for your needs. Thanks for watching!

You will hear my experience using Crypto.com and my personal experience using different banks in the UK when trying to move money into my Crypto Account and back into my traditional bank account.

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!

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Welcome back to the channel. The reason why I make these videos about crypto is because I believe that learning together learning with me as I go on this journey is going to be beneficial for you guys at home too. So on here about your Learning Journey in the comments below.

I also think that understanding Finance can give people Freedom that they did not know existed. So let’s get into it today. I’m gonna be showing you how to discover the hottest Investments possible in the UK. If you’ve never invested in crypto, I’m gonna show you where you can open up your

First crypto wallet so you can get started and start investing today. Just before we get into there though. There is a warning and a note just that I want to say only invest money that you’re happy to never see again with that mindset. You’re never gonna get yourself into trouble where you’ve over-leveraged

Yourself and you suddenly haven’t got enough money to pay for bills. We want to enjoy investing. We don’t want to have sleepless nights waking up in the morning. Praying that the markets have answered our prayers because they won’t the markets will do what the markets want to do.

Our prayers are not going to change that so really only put in the money you’re willing to lose but that said let’s start looking at some of the possible exchanges that you can start to work with two days. So you go into Google you put in what’s the

Best crypto exchange and you get a list like this now techopedia might be using referral links. So that means you go on the website sign up invest some money techipedia get a kickback because you’ve given that exchange a customer does that mean you’re getting the best information or our techopedia Point

Exchanges in front of you? Because they get the most return off them. That’s what for you to decide and that’s why I wanted for you guys to see my experience as I said at the start. This is my Learning Journey in your Learning Journey also, so I want to make

Sure you can make good choices The Exchange Like to use is crypto.com. I love The Branding I love how easy the website is to use the app is really easy to use as well. If there’s ever been a problem. It’s been resolved very quickly with a live chat.

They’ve also got a license in the UK Netherlands Spain Singapore Dubai India, lots of them around the world. What kind of like about crypto.com is they seem to be the slow horse and okay that can be bad sometimes but when it comes to managing your finance and trusting a horse

To back I don’t want to be trust in a horse like FTX that was running sprinting past everyone and then you find out they’re committing fraud and all the customers money is lost. I would rather to back the horse that’s taking its time getting set up properly.

So I don’t have to worry at night that my funds are gonna disappear now taking self-custody of your own investment in crypto is The topic and that’s something I strongly recommend but will save that for another video that I’ll put up at the end of this one.

So let’s look at this a little bit further. I found it interesting that in India. They’re banning nine crypto exchanges binance Kraken cue coin bittrex gait IO best and you can read them for yourself and finance recently has been in trouble in America and CZ has had to step down.

They’ve got to pay 4.3 billion dollars in fines. Now in the US crypto.com has not been sued by their SEC or taken to court by the SEC, you know, they keep going under the radar and I think that is because there are Dark Horse they’re taking their time making sure

Things are done properly. So, how do you even go up? How do you even go about signing up for crypto.com? Well, I’m gonna tell you here. You can do it two ways. You can download their app, which is what I recommend you scan this little QR code on your phone and it’ll take

App Store, once you’re on the App Store just like signing up for a bank or anything like that. You got to put in your name your address how long you’ve possibly lived there a little bit about your financial information because they don’t not want to be letting

Customers open account who are gonna Gamble and lose all of their money. They need to take some financial responsibility and make sure that the right person is opening their account. They want you to think about the money you’re putting in and really make sure you understand what investments and crypto

Could mean for you. Yes, they’re a great gains. But with every great gain, there’s also a great risk and that’s what I like about crypto.com as well. Now once you’ve opened your account with crypto.com, you will need to pay provide some identification to prove that you live there and some ID.

This is you’ll see this term on the It’s called kyc. It’s know your customer so they can really verify that you are very You deliver that address and you are who you say you are so I know some people don’t like this. But for me, I like that these companies are

Having some regulation and there are some Security checks on who’s opening the money where the money is coming from and what’s going into their exchange. So now in the UK, there’s another hurdle we need to get across is we still have to use a traditional bank to get money into our crypto exchange.

I’m gonna talk to you about that right now. So you set up on crypto.com. We now need to get money into the wallet. This is my personal experience the hurdles. I’ve had to come over you’ll notice in the crypto.com app. There are three ways. You can make a payment Apple pay just like

Adding your card details and making a payment and the third way you can do a bank transfer for the first seven days. The first two methods are mentioned do not incur a charge after the first seven days. You will get a 2.9% charge on all of those transaction for the bank transfer.

It’s great. You never get that 2.9% transaction fee. The only thing I’d recommend is though build up slowly first and 20 30 pound into the exchange just to make sure you’ve got the details, right? You don’t want your first bank transfer to be thousands of pounds just in case something goes wrong.

I remember when I did it the first time I was like, please please I’ve sent this right details and this does not get lost. They will give you a unique reference number when you’re doing the bank transfer. So make sure that goes into your reference

Area when you do any so let’s get into my experience with different banks and the troubles I had Revolt awful did not work monzo. I’ve been with them for years. So I thought I’d try them the Apple paying card payment system worked fine. When I try to do Bank transfers didn’t like

It then on the October 13th, they decided to close my account because I was buying cryptocurrency with it. So I’m no longer a customer of monzo. If someone can reach out to me from one zone and explain why that would be great. So then I had to move on to

A traditional Banks NatWest I am able to do a bank transfer, but I’m not able to do the Apple pay or card payment with them Halifax. I’m able to do a card payment bank transfer and Apple pay with them. So they work really well when I went with

Halifax and I did my first crypto payment a lovely lady from their 14 called me quiz me on crypto to make sure I really understood what I was doing some people see this as a problem, but I thought you know what you’re taking the time you want to make sure your

Customers are protected after the phone call. She was like I’m gonna remove the bars on your account and you’re free to invest this money the way you see fit. I’ve heard of people with Santander having the same conversation over the phone and Sant and Dad just refusing to give them

Access to their money, even though they want to transfer it to another bank account saying No, this account is no a lot. So you do really need to be careful my experience with NatWest and Halifax have been really positive even with Mondo when they said your accounts going to be closed

They’ll allowed me to remove my money and put it into Another bank account. So that’s my personal experience on bank account. So as we go on this Learning Journey, I want you to let me know in the comments of videos you would like to do topics.

You want me to research so we can both discover new ideas together and hopefully you’ll start to grow in your investment confidence and start to put some money aside where you can see this grow. I have this famous saying that I love plant a tree which will create shade that you may

Never sit in. So the idea is that you might be investing this money will grow a huge tree and it’ll create shade for maybe your children to sit in or a family member to sit and have some rest that idea of putting money aside and it growing all so it’s quite exciting that

Bitcoin may do a 300% increase this year because of the ETF so that’s gonna be exciting. So let’s move on to the next part of the video on crypto.com. Now you’ve made your Investments and they’ve increased by 200% you’re thinking. You know what I need to do the

Thing in crypto, which is taking profits. This is the single hardest thing buying Bitcoin and let leaving Bitcoin for six months is quite easy, but when it’s come to time to take profits, it’s really hard because the psychological barrier the psychological question starts to kick in is

It going to go up another 100% Is it gonna go up 200% What if I miss out taking profits is really really hard and it’s something a lot of investors suffering and it’s one of the reasons why a lot of people end up just losing money because they just

End up going through the whole cycle never taking any profits and then they have to wait for the next cycle. So reminder take some profits but how do you do that on the crypto.com app? It’s very easy. You go to your cryptocurrency. Say Bitcoin you click Sal the amount you

Want to sell and the currency you want to convert it to obviously if you’re in the UK, it’s going to be British pounds that will then go to your fear wallet on that. You can just click withdrawal. You’ll have a bank account set up you click that bank the amount.

Want to have draw and for me within a couple of hours, it hits my bank account. You couldn’t ask for more and it is really that simple. So what I’m gonna do is I’m gonna put a link in the description for crypto.com. I find it one of the easiest apps to use.

I feel like out of all of the others. They’re really good actors and are getting I feel like crypto.com are going through the regulatory process that enables them to be safe and secure for UK customers. I could be completely wrong but I like what I see now there is a whole another

Conversation about self-custody of crypto and that is definitely something you should look into. I will ensure that one of my future videos is about self-costity and how you can take control of your own cryptocurrency, and this would be something like a cold storage wallet. So for now, I hope you’ve enjoyed the video

Like And subscribe do all the nice stuff and I’ll see you guys soon.