HOW TO BUY BITCOIN

WITH COINBASE

To buy Bitcoin with Coinbase in the UK, follow these steps:

1. Create a Coinbase Account

  • Visit Coinbase’s website or download the Coinbase app.
  • Sign up by providing your email address, creating a password, and verifying your identity (you may need to upload a photo ID for KYC compliance).

2. Verify Your Identity

  • Complete the identity verification process required by Coinbase to comply with UK regulations. This typically involves uploading a government-issued ID and a selfie.

3. Add a Payment Method

  • Go to the Settings or Payment Methods section in your Coinbase account.
  • Link a payment method:
    • Bank Account: For larger purchases and lower fees.
    • Debit Card: For instant purchases but with higher fees.

4. Deposit Funds (Optional)

  • If using a bank account, you can deposit GBP into your Coinbase account by selecting Deposit Funds and following the instructions for a bank transfer.

5. Buy Bitcoin

  • Navigate to the Buy/Sell section.
  • Select Bitcoin (BTC) as the cryptocurrency you want to buy.
  • Enter the amount in GBP or BTC you wish to purchase.
  • Choose your payment method (e.g., bank account or debit card).
  • Review the transaction details, including fees, and confirm the purchase.

6. Store Your Bitcoin

  • After purchasing, your Bitcoin will appear in your Coinbase wallet.
  • For added security, consider transferring your Bitcoin to a private wallet or hardware wallet.

WITH BINANCE

To buy Bitcoin with Binance in the UK, follow these steps:

1. Create a Binance Account

  • Visit Binance’s website or download the Binance app.
  • Sign up by providing your email address, creating a password, and verifying your identity (you may need to upload a photo ID for KYC compliance).

2. Verify Your Identity

  • Complete the identity verification process required by Binance to comply with UK regulations. This typically involves uploading a government-issued ID and a selfie.

3. Add a Payment Method

  • Go to the Wallet section and select Fiat and Spot.
  • Click Deposit and choose GBP as your currency.
  • Link a payment method:
    • Bank Transfer (Faster Payments): For low fees and quick deposits.
    • Debit/Credit Card: For instant purchases but with higher fees.

4. Deposit Funds (Optional)

  • If using a bank transfer, deposit GBP into your Binance account by following the instructions provided. Ensure you use the correct reference code for the transfer.

5. Buy Bitcoin

  • Navigate to the Buy Crypto section on the homepage.
  • Select Credit/Debit Card or Cash Balance (if you’ve deposited funds).
  • Choose Bitcoin (BTC) as the cryptocurrency you want to buy.
  • Enter the amount in GBP or BTC you wish to purchase.
  • Review the transaction details, including fees, and confirm the purchase.

6. Store Your Bitcoin

  • After purchasing, your Bitcoin will appear in your Binance wallet.
  • For added security, consider transferring your Bitcoin to a private wallet or hardware wallet.
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