We provide UK specific guidance about cryptocurrency – digital currency secured with cryptography.
Bitcoin became the first decentralized cryptocurrency in 2009, since then the number of cryptocurrencies has increased rapidly with many thousand currently available. Many are scams and great care must be taken to understand the underlying technology before you commit any time or money to buying cryptocurrency. Fundamentally most cryptocurrencies use something called the Blockchain.
Click the title to Learn about Bitcoin
Click the title to Learn about Ethereum
Click the title to Learn about IOTA
How to buy Cryptocurrency in the UK
QUICK LINK: Want to quickly and safely buy Bitcoin? We like CoinBase. This link helps support us and you get $10 free if you buy $100 of bitcoin.
Is Bitcoin Legal in the UK?
Yes! Currently Bitcoin is completley legal (though you do need to pay capital gains tax in certain situations). The UK Government is undertaking research to evaluate the actions that it should take in response to this disruptive technology. A recent report on block chain technology by the UK Government Chief Scientific Adviser can be found Here. Currently cryptocurrency is VAT Exempt, more information can be found Here