How to buy Bitcoin in the UK
There are various methods to buy bitcoin in the UK, but one of the cheapest and fastest methods is through the SwissBorg app.
SwissBorg launched in 2017 and now covers 115 Countries
Swissborg is very easy to set up. Simply download the app from the link above, then
- Open the Swissborg app, and tap Get Started
- Enter your mobile, including the correct country code, then tap Next
- You will receive an SMS 6-digit code
- Enter the code into the app
- Follow the instructions for uploading you identity document
- Enter your email address, then tap Next
- Follow the links to verify your email address
- Enter your address
- Answer the investment related questions, then tap Next
You will need to verify your identity before you can use the app, but this is for your benefit as well as Swissborg’s.
Once your app is up and running, you can transfer funds from your regular bank account to your Swissborg account and swap it for many cryptos, such as Bitcoin, Ethereum, Binance Coin, XRP, USDT, Polygon etc. The swap usually takes less than a second.
If Swissborg does not list the token you wish to buy, then you can simply buy Bitcoin, Ethereum, USDT etc and send it to an exchange that does list your token.
Swissborg also have their own token CHSB, which you can earn yield on.
Current daily yield rates at Swissborg
Self Custody of Tokens
If you prefer to take self custody of your tokens, you can simply send them to your hardware wallet or other exchange, which usually takes a few minutes depending on which network you select.
There are no fees for depositing to SwissBorg, but when you send funds out, there is a withdrawal fee. Currently, these fees are
Bitcoin – 0.10%
Ethereum – 0.10%
SwissBorg CHSB – 0.10%. This is the native token for SwissBorg
There are also fees for exchanging crypto pairs, which are based upon which tier of account you opt for. There are currently three account tiers available –
Standard, requiring 0 CHSB staked
Community Premium, requiring 2000 staked CHSB
Generation Premium, requiring 20,000 staked CHSB
At the time of this post 1 x CHSB = $0.27, so Community Premium would cost $540 in staked CHSB and Generation Premium would cost $5400 in staked CHSB
Here is a comparison of the SwissBorg account fees and yield boosts currently available.
To open an account with SwissBorg and claim your reward ticket, please use our link to support the channel.
Another safe method of purchasing Bitcoin is through a company called Swan Bitcoin. Swan Bitcoin charge a one-off fee of 0.99% for purchases of Bitcoin. Swan Bitcoin is located in Los Angeles in the United States, but have worldwide coverage.
For non-US residents, you must meet the following requirements:
- Be 18 years of age or older
- Possess a valid form of international ID ie Passport or Driving License
- Have a valid international smart phone number with texting and camera access for verification purposes
- A valid international address
- A valid tax number
- An international bank account capable of international wires
Once you have set up an account and purchased Bitcoin through Swan, you can withdraw it to your own wallet, which is highly recommended. Remember, not your keys, not your crypto! The minimum Bitcoin purchase that Swan currently accept is $100 worth.
Customers in the US may add a bank account to their Swan account and have regular payments made into Bitcoin, which is called dollar cost averaging. This is one of the best methods of investing into Bitcoin.
For international customers looking to purchase more than $2500 worth of Bitcoin, funds must be wired into their account first.
Ready to embark on your Swan Bitcoin journey and join the future of finance while supporting our channel? Don’t miss out! Click below to sign up using our exclusive referral link, and start enjoying the benefits of investing in Bitcoin today!”
You can download a FREE Bitcoin Book by Yan Pritzker, Swan’s Chief Technical Officer, called “Inventing Bitcoin” This book is a great introduction on how the Bitcoin network system works.