What is Bitcoin?

Bitcoin is the world's first decentralised cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It operates on a peer-to-peer network without central authority, using blockchain technology to record transactions.

How to Buy Bitcoin in the UK

1. Choose an exchange - Coinbase, Kraken, Binance (via Binance.US) or UK-based Ziglu
2. Verify your identity - Provide photo ID and proof of address
3. Deposit funds - Bank transfer, debit card, or faster payments
4. Buy Bitcoin - Choose amount and confirm purchase

How to Store Bitcoin Safely

Hot wallets (apps) are convenient for small amounts. Cold wallets (hardware) are essential for significant holdings. Never keep large amounts on exchanges.

Bitcoin Tax in the UK

HMRC treats Bitcoin as property, not currency. You pay Capital Gains Tax when selling, spending, or trading crypto. The first 3,000 of gains per year (2026/27 allowance) is tax-free.