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There are various OTC services for trading bitcoin and other crypto-assets: P2P platforms and exchange sites, offline exchanges, and even crypto-machines.
Bankers still need to be more cautious about introducing crypto services. But investors can find quality services for buying and selling, storing and investing in crypto assets.
There are many platforms to buy Bitcoin in the UK online, and Wirex is one of them!
Nowadays, it is the best time to understand cryptocurrencies and buy your first Bitcoin.
If you are a newbie and need help figuring out where to start, this guide is for you.
The Main Things To Know About Bitcoin
- Bitcoin is the most coveted and most prominent cryptocurrency by capitalization.
- You can buy it in various ways, but for beginners, the most convenient and safe option is a popular and well-known crypto exchange.
- To buy your first BTC, you will need a registered account on one of the trading platforms, a cryptocurrency wallet, and a bank card or account.
What Are The Benefits Of Wirexapp (UK)?
Wirex is a banking service for buying/selling cryptocurrencies. It offers a Mastercard that allows real-time transactions with 21 traditional and cryptocurrencies.
When you have chosen the right wallet and passed all the necessary stages of registration and verification on the site, you can complete transactions with BTC. If you do not have bitcoins in your account, it is easy to acquire them:
- by making a transaction with other participants of the exchange;
- exchanging other currencies, including fiat currencies, for bitcoin using a particular exchange.
Purchasing on the exchange is one of the easiest and most economical ways to acquire any cryptocurrency. The main thing is not to make a mistake when choosing a platform.
Once you sign up for the exchange, you will have your cryptocurrency wallet in your profile.
It’s worth strengthening your profile security in advance by setting up two-factor authentication for login and withdrawals and undergoing Know Your Customer (KYC) – identity verification.
Today, all major exchanges comply with financial legislation, so they have implemented KYC.
Those not going through the procedure are restricted in their trading access and available features.
Although usually, the ability to trade a small amount is still available. If you are happy with the limit set, KYC can be waived.
For the first transaction, you must replenish your account on the exchange from a card or bank transfer.
The largest trading platforms, such as Wirex, support several fiat currencies simultaneously.
Pros
- Allows you to buy, store and manage cryptocurrency (BTC, LTC, XRP) and traditional money (GBP, USD, EUR).
- Allows you to add funds via credit card, debit card, or bank transfer.
- Allows you to exchange between cryptocurrency and traditional currencies at current exchange rates.
Cons
- Wirex is only accepted for payment in some countries.
Launch Of The World’s First Bitcoin Cashback Program
On May 14, 2018, crypto bank Wirex launched the world’s first Bitcoin cashback program – Cryptoback, an analog of classic cashback.
Under the terms of the program, participation in the program is free, and the reward for card payments is 0.5% of the amount spent in bitcoins at the exchange rate at the time of the transaction.
The fee for each transaction, regardless of the amount, is $0.28 for dollar cards; for cards denominated in euros or pounds, there is no fee.
To get the reward, the company’s clients must pay for services and products with Wirex contactless cards in offline stores.
Store Or Use Bitcoin On The Wirex Platform
Along with the other distinctive features of Wirex, there is another main reason for its popularity among those who trade cryptocurrency assets. It lies in the advanced features of this platform.
Whether you want to use a Wirexapp personal account or a debit card, you will always benefit from the range of features offered on the site.
You will not need to go to other platforms, purchase coins there, and then deal with the asset transfer procedure.
It will be much more convenient and faster to do all this on one exchange, possessing modern functionality.
Customer comfort is the main advantage of Wirex. Beginners living in countries where this platform is available can quickly register and use all the tools necessary for successful trading.
If you doubt your decision, you should read the Wirex reviews of numerous clients worldwide.
After purchasing cryptocurrency, you can store it in your cryptocurrency wallet or Wirex account.
You can exchange the cryptocurrency for other cryptocurrencies or place it in a staking account to earn passive income. The main thing is to feel free to invest!
