Want to buy bitcoin without getting ripped off?
Although it’s simple and convenient to buy bitcoin with a debit or credit card, it’s NOT the cheapest way.
There are some exceptions, but most places will charge upwards of 4% in fees when buying bitcoin with a debit or credit card in the UK. That’s 100% unnecessary.
In this guide, I’m going to walk through some popular, well-recommended, and cheaper ways that you can buy bitcoin in the UK.
Back when I originally wrote this in October 2017, Regalcoin was a BitConnect copycat (i.e. a clone) which was getting lots of attention.
That’s mainly because it promised returns of up to 45% per month, had a lucrative affiliate program which incentivised cryptocurrency YouTubers to shill it, and was promoted as a way to get in on the ground floor with something just like BitConnect (which had seen a massive increase in coin valuation over the course of 2017).
It went from a high of over $70 per coin in October 2017 to just $0.0011 in 2020.
In this post, I outline what Regalcoin was all about and the warning signs which indicated it was a Ponzi scheme – just like BitConnect.
It can be a complete nightmare to keep track of your cryptocurrency investments and trades.
I know from personal experience. I started with Excel but found that even with a small (<200) number of trades, it was hard to actually use this information to make good decisions (e.g., when to buy and sell). I found I was wasting loads of time sorting this out too. Sound familiar?
There are loads of options out there (I’ve listed all the ones I know of at the end). Some are gems, but others are complete trash.
In this post, I’m going to rank the best 5 cryptocurrency portfolio management and tracking apps (or sites) of 2021.
On the 16th January 2018, the BitConnect scam collapsed.
They announced that they were shutting down their lending and exchange platform on the 21st January 2018. Following this news, BitConnect’s coin value nosedived from a daily open of $255.91 to $19.28 by the end of the day. That’s an 87% drop.
And by the end of the year, BitConnect was no longer available to trade on any cryptocurrency exchange. At the height of BitConnect’s value, it had a market capitalization value of approximately $2.6 billion (over $430 per coin). It was now worthless.
But what was BitConnect? Was it obvious that it was a scam? What led to its collapse?
If you’re thinking of investing in cryptocurrency, then there are two main investment approaches you can take: HODL and trading.
In this post, I cover what the characteristics of the HODL and trading investment strategies are. I’ll also touch on the approach that I take, which is a mixture of both HODLing and a little bit of trading for fun.
Finding places to buy Bitcoin (BTC) in the UK with a credit card at decent rates used to be difficult.
But in 2021, there are more places than ever to choose between. The same is true if you’re considering buying Bitcoin (BTC) with a debit card or UK bank transfer.
In this quick guide, I’ll cover some of the best places (that I know about) to buy bitcoin with a credit card in the UK.
