How to Sell Bitcoin in the UK

Do you want to sell your Bitcoin? Bitcoin has been around since 2009, and many people have been investing in it during that period. But if you are not sure how to sell bitcoin, then this guide is perfect for you. In order to buy or sell Bitcoin in the UK, all you will need is an internet connection and a wallet. We will cover everything that you need to know about buying bitcoins from exchanges like Coinbase , Crypto.com and trading bitcoins on platforms like LocalBitcoins .

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Best Places to Sell Bitcoin (BTC) in the UK

Best for Beginners

Coinbase - This is one of the best places to buy and sell Bitcoin (BTC). You can use this app for buying, trading, sending and receiving bitcoins using your bank account or credit card. This is one the best apps for beginners and makes it easy to buy and sell cryptocurrencies.

Best for Those who want to sell BTC on a Centralised Exchange

Crypto.com - One of the most popular cryptocurrency exchanges, it makes it very easy to sell Bitcoin or exchange it for other cryptos.

Crypto.com also have a very competitive range of metal pre-paid cards that will give you a rebate on Spotify, Netflix and Amazon Prime and Cashback of up to 8%.

Best for BTC purists who want to Sell Bitcoin P2P

LocalBitcoins - A peer to peer network where you can trade Bitcoin, Local Bitcoins is peer to peer, which means it is not a centralised exchange so the site enables you to directly connect with someone to buy or sell your BTC to. This method of selling and buying bitcoin stays more true to the Bitcoin decentralised principles.

Image Via: Localbitcoins

Further Considerations when buying and selling Bitcoin

Should I get a Hardware wallet to store my bitcoin?

Having a hardware wallet to store your bitcoin is not essential in order to buy and sell crypto but it can be useful from a security perspective. The Trezor Model T supports a wide range of crypto currencies and is best for HODLing your BTC. Alternatives to the Trezor include the Ledger , which is also a good wallet for HODLing and is cheaper than the Trezor Model T. Ultimately we would advise that a hardware or other wallet would be a better way to store your bitcoin than on a centralised exchange.

Not your keys, not your coins

Not your keys, not your coins is an expression used within the crypto community that encourages Bitcoin hodlers to store their bitcoin in more secure places other than centralised exchanges. If you don’t own the private keys then you are effectively entrusting your bitcoin to a 3rd party. After the recent hacks of various crypto exchanges it is definitely worth investing in a hardware wallet if you have a substantial amount on BTC.

What wallets are there available for Bitcoin?

Best Bitcoin Wallet for Beginners: Exodus

Best Bitcoin Wallet For More Advanced Users Interested in Just Bitcoin: Electrum

Best Bitcoin Wallet for Mobile Users: Mycelium

Best Bitcoin Hardware Wallet: Ledger Nano X

Best Bitcoin Wallet For a Large Number of Cryptocurrencies: Trezor Model T

Best Bitcoin Wallet by Value for Money: Ledger Nano S