Please help newbie to go to market in the UK

[Indyygo]

Hello, I am new here, I was investigating but I do not know where to write exactly my question. Please move it if I made it wrong.
My question: I want to buy crypto from the UK, first I need to change GBP , what is the place where you can trust and that does not share to many info to other countries etc?
Is it for example is pay.circle.com good? I do not know where to start to not to loose my money, Thank you. What is the best and the most popular where you can for example make a transfer legally from the UK bank?

Thank you for your help. I mean BTC Exchange , and based in the UK?

[Lucius]

I am not from UK, but based on what can be found on the internet Coinbase would be a pretty good choice for you as a beginner. You can deposit from your UK bank account, no need to exchange GBP for $, but you can also use your credit / debit card.

There are some other exchanges, you can search for them by using key words "buy bitcoins in UK", but Coinbase is one of the most trusted exchanges, you should not have any problem with them.

[Adriano2010]

I also use coinbase, i'm not on UK, but you can start using it, it ask kyc but should not be a problem, and i mostly use pro coinbase and when withdraw bitcoin there is no fee.

[Indyygo]

But Coinbase is not a company regietster in the UK.

1. What about uphold com.  any experience?

2. Can you do a bank transfer from the UK account with no other surprises  to the Coinbase?

And maybe you know a UK based crypto forum?

[pushups44]

Yes, you can buy bitcoin from the United Kingdon through Coinbase: https://www.coinbase.com/places/united-kingdom

While Coinbase arguably overcharges for buying and selling cryptos, it is reputable and has a user-friendly platform.

[Genemind]

I am not from UK, but based on what can be found on the internet Coinbase would be a pretty good choice for you as a beginner. You can deposit from your UK bank account, no need to exchange GBP for $, but you can also use your credit / debit card.

There are some other exchanges, you can search for them by using key words "buy bitcoins in UK", but Coinbase is one of the most trusted exchanges, you should not have any problem with them.

Great advise! I'm not from UK but I would also advise you to use Coinbase. It's the easiest way for you to manage your funds and assets. It's safe and easy to use so it will be a good choice for you. I have been using Coinbase and I have great experiences with my transactions.

[LeGaulois]

Coinbase isn't the only option. There are other places like Coinfloor, Binance Jersay, Cex.io, an Wirex. It depends on how do you want to purchase.
If you want to use a card you can check Binance or Cex.io and the others if you want to use a bank transfer. They deal directly with GBP so you don't have to convert fiats

[xWolfx]

Past posts already gave you pretty nice answers about what to do in your particular situation.

I must say that you are really lucky of being located not only in a developed country but also in Europe. The amount of exchanges that are happy to offer services there is big so you can be relaxed and do things in an easy way as long as the exchange itself is having pretty good security now.

Don't go with the small ones because of two main reasons:

First: There is a really high possibility that some or most are scam.

Second: They probably don't have that much money to invest into security while starting.

[Indyygo]

What about cex.io.  Is it safe? I need to do a bank transfer from the UK bank. Is it legal and will it work? Is there less charges there?

[Astvile]

I need to do a bank transfer from the UK bank. Is it legal and will it work? Is there less charges there?

I know few person who do bank transfers to buy bitcoin in various sites,tho they are not from UK but almost same laws  and policies apply on each bank around the world and hes not having any problem buying bitcoin using banks.You should not have any trouble  buying using bank transfers.

[gentlemand]

What about cex.io.  Is it safe? I need to do a bank transfer from the UK bank. Is it legal and will it work? Is there less charges there?

Cex.io will have the same problem as most other UK based services, their banking will be somewhere else in Europe which means waiting several days.

Coinbase is the only major service with faster payments which means depositing in a couple of hours instead.

If you choose P2P instead of an exchange you'll be able to use faster payments as it's between individuals. Back in the day I preferred https://bittylicious.com for P2P stuff but premiums over the market price can get excessive sometimes. Other times it can match exchange prices.

[Indyygo]

I choosed Coinbase,
please help me, has LLOYDS Banned the bitcoin buying? What UK bank can I buy it from. I have another account at Barclays. ANy help here?
Apart from that to do a transfer from the Lloyds you need to give a name of sender.

https://www.mirror.co.uk/news/uk-news/lloyds-bank-bans-customers-buying-11971501

[gentlemand]

I choosed Coinbase,
please help me, has LLOYDS Banned the bitcoin buying? What UK bank can I buy it from. I have another account at Barclays. ANy help here?
Apart from that to do a transfer from the Lloyds you need to give a name of sender.

https://www.mirror.co.uk/news/uk-news/lloyds-bank-bans-customers-buying-11971501

I have a Lloyds account and I've sent to Coinbase without any trouble. It was all of £10.

Read the article. It's about credit cards and most other banks have done the same. Transfers are fine. I can't remember what I put in the name field but I also don't remember having any trouble with that.

Coinbase were banking with Barclays but their faster payments seem to on hold for now to Coinbase Pro at least.

[Linkkoin]

Oi lad! You can always give a try to use our services, we are located in the UK  

[CamCoin633]

you can use paxful or localbitcoin to buy bitcoins in UK as well

[Ailmand]

Coinbase is also the best choice for me. I have a friend based in UK and he has been using it for months without any hassle. Transactions were done smoothly. In our country, we're able to transfer funds from our local wallets to banks. Just try the given advises above and choose which will work fine for you.

[Indyygo]

Thank you for your help again
I have XXXGBP on the Coinbase.
I have decided to buy a few assets like EOS, XLM

I have bought some Satoshi on Coinbase.

NOW Coinbase says it has SLM and EOS but how can I buy them? There is no way to buy - when I choose Buy the only availabe are BTC , BCH, ETH, ETC and LTC.
How should I act or maybe I should buy Ethereum for the rest of my money and go to Binance and choose those I want there?

I want also to buy other that are only on Binance.

Thank you

[xWolfx]

I have a Lloyds account and I've sent to Coinbase without any trouble. It was all of £10.

Read the article. It's about credit cards and most other banks have done the same. Transfers are fine. I can't remember what I put in the name field but I also don't remember having any trouble with that.

Coinbase were banking with Barclays but their faster payments seem to on hold for now to Coinbase Pro at least.

Yeah Coinbase works pretty nice for Europe, we have yet to see how would that platform for the U.S. work.

I think that i saw this question before, it's pretty simple to do in those developed countries. For everything else localbitcoins do wonders.

[Indyygo]

Thank you but please reply my previous question that I sent today

[Austin_Lord]

Thats not a big problem.. last time i have exchange  my coins from swiss company.. their  services  are very  nice  and comfortable.. so you must try.. also check these.. bitmap, OSS SA.. also good for exchange..