How to Buy Crypto in the UK (2026)

A plain-English, step-by-step guide for complete beginners.

Step 1 – Choose a Regulated UK Exchange

Always use an FCA-registered exchange. Our top pick is Kraken for most users, or Coinbase if you want the simplest experience.

Step 2 – Verify Your Identity (KYC)

UK regulations require all exchanges to verify your identity. You’ll need a passport or driving licence and proof of address. This usually takes 10–30 minutes.

Step 3 – Deposit GBP

Use Faster Payments (free, instant) to fund your account in GBP. Avoid debit/credit card deposits where possible — they carry extra fees of 1.5–3.5%.

Step 4 – Buy Bitcoin or Crypto

Search for BTC/GBP or the crypto you want. Start with a small amount. Use a limit order to get a better price than a market order.

Step 5 – Secure Your Crypto

Enable 2FA on your exchange account immediately. For larger amounts, consider moving to a hardware wallet like a Ledger. Not your keys, not your coins.

Step 6 – Understand UK Tax Rules

HMRC taxes crypto profits as Capital Gains. Keep a record of every trade. The CGT allowance is £3,000 for 2025/26. Exchanges like Kraken export your full trade history for HMRC reporting.