Who Should Use Our Bitcoin Trading Comparison?
If you are interested in Bitcoin trading or are looking to find Bitcoin trading reviews that provide valuable insight, our comparison of Bitcoin trading in the UK should be on your front burner. Bitcoin trading has bloomed into a success story for many and there’s no reason you can’t be part of this.
Our team of experts have crafted a hugely-impressive comparison tool which allows you to analyse the Bitcoin trading market and find the best Bitcoin trading sites for your trading preferences. If you want to buy crypto online, you need to do the necessary research as to where this can be done in a safe and reliable environment. Added to which, you’ll also find our comparison details on how to go about trading Bitcoin for beginners.
Having said that, our comparison can also be used by experienced Bitcoin traders as the industry is constantly changing and adapting. As such, you don’t always have the time needed to stay in the loop with all these inevitable changes. Our comparison aims at including all the most important facets of Bitcoin trading today.
Top 5 Expert Tips For A Secure Bitcoin Trading Experience
If you wish to start Bitcoin trading, there are a number of steps you can take to ensure that the platform you use to buy Bitcoin is safe and secure. Various online trading sites will allow you to buy and sell Bitcoin directly while others will provide Bitcoin ETFs and such. However, no matter which trading platform or exchange you use, these 5 steps can be applied.
Overall site security
If you are trading Bitcoin via an online platform, you will want to ensure that the platform is safe. Without this, you are prone to third-party attacks and malware intrusions. You certainly do not want to trade Bitcoin on a site that has skirted the necessary protocols. Finding a trading site that has the latest Secure Socket Layers technology will ensure that all your data is protected via state-of-the-art encryption. We recommend you steer clear of any sites that do not provide such oversight. Our featured Bitcoin trading sites have all implemented the required security standards.
Secure payment methods
If you start off trading Bitcoin, you’ll need to fund your account with a fiat currency. This will allow you to buy crypto. In light of this, trading sites must provide you with a selection of secure payment options. Be sure to use a widely-recognised payment solution. For the most part, you’ll be able to use a slew of e-wallets as well as your bank card, bank transfer, and even prepaid cards. If you are funding your account using your crypto coins, you must ensure that there is an established connection between your digital wallet and the platform.
Authorised to provide online financial trading services
We urge you to only use the online services of a trading platform that is authorised to do so. You can double-check this by scrolling to the bottom of the official Bitcoin trading platform to find out if they are regulated by the Financial Conduct Authority in Great Britain.
Unauthorised platforms are less likely to uphold transparent trading practices and may well prove to be slightly underhanded in their dealings. Our featured Bitcoin trading platforms adhere to regulatory laws and are subject to oversight.
Intuitive customer support department
We can’t stress this one enough when it comes to actual customer experience and satisfaction. You will be undertaking the activity of trading with real money (fiat or crypto) that possess a value. You do not want to do this on a platform that is incapable of resolving issues put forward by customers. With an intuitive support team in the wings, you can rectify any technical, or otherwise, issues that tend to crop up from time to time.
Live market data
A reliable online Bitcoin trading site will provide you with a number of informative trading tools. These tools allow you to analyse market data and movements as well as enact different trading commands. Without this, it is near-impossible to trade successfully. Keep in mind that crypto markets, Bitcoin included, can be extremely volatile. Thus, you need to be equipped with the correct tools and features so as to act quickly in the face of uncertainty.
Editor’s Recommendation: Best Bitcoin Trading Sites
Assessing the best Bitcoin trading site will include a number of different factors. Although we are always pointing out the importance of safety and security, there are other facets that also determine the best trading sites for Bitcoin. The pillars of any reliable site are the two outlined above. But, what about trading fees, exchange rates, and reputation?
You will want to find a recommended site that has a solid reputation over an extended period of time. By finding out more about what past customers have to say and assessing the actual ratings of a trading site will help you paint a clearer picture of how the site is run. It is also important to find a platform that has acceptable fees and a variety of payment options. If you cannot fund your account conveniently without incurring high costs, then it makes buying Bitcoin an absolute hassle. Lastly, trading platforms vary greatly when it comes to exchange rates. You will want to find a trading site or exchange that has reasonable exchange rates. You’ll find that in fast markets, rates tend to change quickly depending on the cryptocurrency and currency involved.
Thus, we press upon you to always consider our recommendation of the best cryptocurrency trading platform. At the time of writing, Coinbase continues to dominate in this regard. You can buy a range of crypto, or stick with Bitcoin. The platform is highly-functional, yet simple enough for beginners to use. With a simplified user-interface, it’s a great place to start learning how to buy Bitcoin. You might incur higher fees but the actual trading experience is top-notch.If you are looking for other cryptocurrencies, be sure to take a look at our Binance Coin trading and Bitcoin Cash trading guides.
This Is How We Test Bitcoin Trading Sites
When we test Bitcoin trading sites, we apply a uniform testing metric which allows us to create objective reviews of all the available trading sites in the UK. Below, are the different areas we look into on each site.
Our team of experts will test all the available crypto trading options. You can find out more about which coins you can trade as well as what the actual platform allows you to do. Whether it’s Ethereum trading or Litecoin trading, you should have a broad range of options.
Jurisdictions and limits
We’ll outline exactly which crypto exchanges you can access and whether your trading activities will be limited in any sense. This provides you with an overview of which crypto markets are accessible via the respective trading site.
From account fees to actual trading fees, we’ll put the trading site under the spotlight. Here, you can compare different fee structures and find a competitive trading platform that offers low-cost fees.
Usability and feel
Online trading needs to be streamlined. We’ll highlight precisely how good each platform’s user interface is and if the site is functional enough to facilitate trading on a small and large scale.
You’ll need to fund your account. Use this section to find out what payment options you have at your disposal and what the limits and processing times are.
As we outlined above, we’re always looking out for those trading sites that operator within the confines of the law. We’ll point you in the right direction of all the authorised trading sites.
Head to our customer support section to find out who each trading site stacks up when it comes to day-to-day support. You’ll also find all the relevant contact details.
Finding The Best Bitcoin Trading Site For You
Now that you have assessed the necessary factors that come into play when finding a trustworthy Bitcoin trading site, you’ll want to ensure that you choose one that is right for you. This means that you will need to apply some of your own requirements when whittling down the selection of trading sites to one. We advise you to jot down a few characteristics or requirements that you cannot do without. This will allow you to identify which site caters to your preferences.
2 Ultimate Tips To Avoid Bitcoin Trading Scams
It is vital that you avoid any potential scams when trading Bitcoin. Time and time again, individuals have fallen victim to online scams. There are a number of tips that you should take as guidance. This will allow you to buy Bitcoin with the peace of mind that you are doing so correctly and in a safe manner.
Get a reputable Bitcoin wallet
You will need a Bitcoin wallet in order to store your crypto coins. Without a reputable wallet, you’ll be exposed to a myriad of threats. We suggest you visit BitReviews.com to find a digital wallet that will allow you to protect your funds and make transactions as you please.
Do your research
The market for cryptocurrency is very volatile and can change at any given moment. Thus, you need to do your research before, and during, your trading endeavours. Without the necessary research of how markets react and what can affect the price of crypto, you’ll stand to lose out.
Conclusion – Best Bitcoin Trading
You now have the necessary know-how in order to buy Bitcoin online. Furthermore, you’ll be able to analyse which online trading platforms provide the best crypto trading experience. We’ve highlighted the best trading platforms for your convenience. With our comparison of Bitcoin trading, we hope that it has feigned a larger interest in the already exciting prospect of crypto trading.
If you wish to find out more about alternatives to Bitcoin trading, then head over to BitReviews.com where we have included a raft of informative reviews, comparisons, and guides that should enable you to master the necessary knowledge needed to successfully start trading crypto.
If you are still looking for the best cryptocurrency to buy, why not take a look at our Ripple trading guide next?
Bitcoin Trading FAQ
💥How do I start Bitcoin trading?
Getting started with Bitcoin trading is relatively easy. There are certain things you will need to have lined up beforehand. Once you are set, you can start trading using one of the best Bitcoin trading sites. At BitReviews.com, we take you through all the details so that you can start Bitcoin trading today!
🔎What are the best Bitcoin trading sites?
Bitcoin is very popular and as such, there are a number of Bitcoin trading sites available to you. This allows you to trade Bitcoin without limitation and get to choose the best Bitcoin trading sites that cater to your preferences. By using our comparison of the best Bitcoin trading sites, you’ll be able to identify which sites provide you with an efficient and reliable service. Once you have done this, you can start to buy cryptocurrencies online.
🔮Are there Bitcoin trading scams?
It is important to remember that there are always people out there ready to take advantage of an unsuspecting individual. Thus, it is vital to practice awareness and ensure that you use a trusted Bitcoin trading site. Fortunately, there’s no need to worry. At BitReviews.com, we bring you the best Bitcoin trading sites – so that you don’t have to worry about Bitcoin cash trading scams and rather focus on how to buy Bitcoin.
🔏Is it complicated to buy crypto online?
Buying crypto online needn’t be complicated. Having said that, it is important to make sure that you take the time to inform yourself of all the necessary terminology and strategies that come with buying crypto. Once you have informed yourself, you’ll feel a lot more confident when you buy crypto online. At BitReviews.com, we have a range of resources and crypto broker reviews that will quell any nerves and will help you better understand the Bitcoin trading sphere.