Bitcoin investment advice UK  is one of the most popular ways to diversify your long-term investment portfolio. Investors buy coins with the hope that they’ll grow in value, allowing them to sell them back for pounds at a later date. There’s no guarantee that any investments will be successful, however, and there’s always the risk that your capital could be lost.

The first step in investing in Bitcoin is selecting a cryptocurrency broker or exchange to join. These typically require a verification process that includes identity documents and proof of address, with some requiring a crypto risk awareness quiz as well. Once your account is set up, you’ll need to add funds to buy crypto – usually through options like linking a bank account or using debit or credit cards (though these can carry high fees).

How to Invest in Bitcoin in the UK: A Step-by-Step Guide

If you’re considering buying Bitcoin in the UK, make sure that you choose an FCA-registered exchange to comply with local regulations. And if you’re planning to hold onto your investment, look for a broker or exchange that offers secure storage options.

If you plan to sell your Bitcoin for a profit, be aware that you may be liable for Capital Gains Tax (CGT) on any gains above the annual PS3,000 allowance. You’ll also need to keep detailed records of your transactions for accurate tax reporting.…