How can I buy bitcoin in the UK?

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Step 1 – Set up a bitcoin wallet

A bitcoin wallet is where you hold your bitcoins. Alternatively you can download the entire bitcoin program (around 150GB), but you’re probably not going to go to those lengths, and there’s no reason why your computer is more secure than a popular website, so the best option is to use an online wallet, which is sort of like a digital bank account.

There is no shortage of wallets, but one of the biggest and most popular is Blockchain.info, which is backed by millions in venture capital funding and has an easy to use website and mobile app. It also takes security steps to make sure your bitcoins are as safe as they can be.

Go to Blockchain.info/wallet to sign up, or download the mobile app. The sign up process is as easy as doing so for an email or social media account.

Step 2 – Secure your account

Blockchain.info has a series of security measures that you should take to make sure your bitcoins are safe once you do get your hands on them. Other wallets are likely to have the same protocols.

Note down your Wallet ID, found in Settings (you’ll need it again to log in in future), and use the security centre to verify your email, set up two-factor authentication and so on. After that, you’re ready to buy.

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