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Author: Admin | 2025-04-27
Too much money, as there is always the risk of losing it.DID YOU KNOW? Investing in crypto is risky. Gold, however, protects your assets from inflation and retains excellent value in the long term. So if you want to find a more stable investment, consider buying gold as an investment.Is It Legal to Buy Cryptocurrency in the UK?Crypto assets aren’t regarded as financial assets in the UK. The UK government considers them property, and capital gains tax must be paid if crypto profits are above the annual exempt amount, currently £12,300. It is legal to buy and sell cryptocurrency in the UK, although crypto trading in the UK has become highly regulated since 2021.As of 10 January 2021, all crypto exchanges, brokers, advisers, and investment managers where you can buy cryptocurrency in the UK must be registered with the Financial Conduct Authority (FCA) and comply with numerous laws and regulations.Key TakeawaysBitcoin, created in 2009, was the first cryptocurrency.6.1% of the UK population owns at least one cryptocurrency.Crypto trading in the UK is legal, but cryptocurrencies are considered property.You can buy and sell cryptos on a cryptocurrency exchange and store them in a crypto wallet.Cryptocurrencies are volatile; investing too much money is ill-advised.How to Invest in Cryptocurrency UKWhen you decide to invest in the UK crypto market, there are some concerns you should know about before you put down your hard-earned money. The following sections explain where you can buy cryptocurrencies, which ones to choose, how much you should buy, and tips for novices to the crypto world.Where to Buy Cryptocurrency in the UKSo, where can I buy cryptocurrency in the UK? The process of buying cryptocurrencies in the UK is straightforward. If you want to easily buy crypto, you need to create an account with a cryptocurrency exchange. You’ll also need a crypto wallet for storing the coins you’ve bought—either the exchange will provide one, or you’ll need to obtain one yourself.Other options for buying cryptocurrencies include online brokerages and cryptocurrency ATMs, which allow you to purchase crypto coins and tokens quickly. But the best way for buying cryptocurrency on
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