How to buy crypto in the UK: a plain-English beginner's guide
By SendPay Business · · 2 min read
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Buying crypto in the UK usually takes a few minutes in an app, but choosing where to buy, and understanding the risks, matters more than the buying itself. Crypto prices can fall sharply, and crypto is not covered by the Financial Services Compensation Scheme.
The usual steps
0 of 5 done
Tick each step as you do it, so you can see what is left.
Costs to check
Look at the trading fee, the spread between the buy and sell price, and any fee to add or withdraw money. An app that says it charges no fee may still charge through a wider spread.
Try it
Name your platform and watch it come to life
Type a name, tap a colour and pick what it does. The phone changes as you go.
Colour
What it does
Design and preview your whole platform free, then launch when you are ready.
Staying safe
UK rules give first-time buyers with a provider a 24-hour cooling-off period before they can invest. Be wary of anyone who contacts you out of the blue, promises guaranteed returns or asks you to move coins to a new wallet. Only put in money you could afford to lose.
Where SendPay fits
SendPay platforms let businesses offer their own customers crypto buying, selling and holding next to their cash, under their own brand, at a trading fee the owner sets. Assets are held with regulated partners.
How it works
Your own money app- 1Name it and pick your colours
- 2Choose what it does
- 3Launch when you are ready
Why sign up
Create your free SendPay account
It's all about creating your own financial platform with ease. Start with a free account today.
- 🪪A free business accountOpen it in about a minute with your business name, email, password and mobile. No card and no documents to start.
- 💳Get paid from day oneTake card payments, and share your own payment link and invoices so customers pay in a click.
- 🌐A free business websiteFree to build, free to publish and free to keep, with unlimited visits.
- 🚀Your own financial platformDesign and preview your whole platform free, then launch when you are ready.
SendPay Business is a technology company, not a bank. Accounts, cards and payments are powered by licensed partners.
Questions people ask
What does the spread cost me?
See the hidden cost between buy and sell prices.
Crypto spread calculator →Read next
Spotted a mistake or something out of date? and we'll fix it. How our guides are made
This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. Other companies named in this guide are reference points only and are not affiliated with SendPay Business.