UK based Coinbase customers can now buy Bitcoin and other cryptocurrencies faster and cheaper with same day deposits and withdrawals in GBP to British bank accounts.
Buying Bitcoin in the UK now more accessible
At the beginning of April Coinbase announced that they will be introducing British pound (GBP) support for UK-based customers. Now that this is up-and-running it really makes buying Bitcoin in the UK a lot more accessible.
The cheapest way to buy Bitcoin in the UK
Until now many UK-based buyers have had to use the Revolut app to bridge this gap. But now you can just send British pounds (GBP) directly from your bank account. There is no need to convert from GBP to EUR in the app, shortening the buying process quite considerably. This update also applies to Coinbase Pro (traders) and Coinbase Prime (institutions).
CoinbasePro and Zero Fees!
Using Coinbase Pro is now by far the cheapest way to buy Bitcoin in the UK, in our book. If using a maker order when executing the trade it’s literally zero fees!
User testing has reported, it took around 20 minutes for a deposit to show on our Coinbase account. A sharp contrast to the previous process of converting Bitcoin into euros and then into pound sterling, via international bank transfer, which took several days.
Although it has taken quite some time for this to be activated after the initial Coinbase announcement, now it is fully available – it’s great!
To get started with Coinbase and receive free Bitcoin from our referral click here.
Disclaimer: This article is for information and entertainment purposes only and should never be construed as investment or trading advice. Bitcoin and other cryptocurrencies can be extremely volatile and you should always do your due diligence and research on the topic, utility, product or service and legal and regulatory requirements before deciding to invest. We do not take any responsibility for possible losses you may incur.