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Author: Admin | 2025-04-27
Be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%. View Bitcoin ATMs Pros Our map makes it super easy to find a Bitcoin ATM near you Cons Bitcoin ATMs often have 5-10% fees per purchase - Bitcoin & Cryptocurrency Trading in the UK The UK’s capital, London, is one of the largest financial centres worldwide. It's not surprising that fintech adoption in the nation remains robust with both Deloitte and EY ranking London as a leading global hub for financial technology. Bitcoin Awareness and Adoption in the UK 93% of UK individuals have heard of Bitcoin, according to a recent YouGov survey. Nearly 25% claim to understand Bitcoin "quite well". Only 4% have made a Bitcoin purchase. UK regulatory environment is increasingly becoming favourable for crypto. In October 2022, a landmark decision was made by UK lawmakers to recognise crypto assets as regulated financial instruments. Andrew Griffith, a prominent financial authority, stressed the aim is to treat cryptocurrencies similarly to other financial assets, officially integrating them into the regulatory framework. In a significant development in August 2021, PayPal launched its cryptocurrency services in the UK, allowing users to buy, hold, and sell major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. However, it's vital to recognise that cryptocurrency assets in PayPal cannot be transferred to an external wallet but can only be kept or sold within the app. Purchasing Bitcoin in the UK Several cryptocurrency exchanges offer Bitcoin in the UK, each with its distinct set of fees, limits, and verification methods. It's recommended for Bitcoin buyers to have a personal wallet, especially for security reasons. Automated teller machines (ATMs) offer an immediate method for Bitcoin purchases, typically only requiring a phone number for verification. A useful Bitcoin ATM Map can guide users to the closest locations. - Exchange Hacks and Crypto Scams in United Kingdom Crypto exchange based in UK gets hacked At the end of 2020, cryptocurrency exchange EXMO was hacked, losing 5% of its assets held in its hot
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