Launched in 2009, Bitcoin is the world’s most popular cryptocurrency and has soared in value since its debut. The digital asset enables people to make peer-to-peer payments without the interference of banks, payment platforms or central governments. It’s also becoming increasingly accepted as a form of payment with major retailers like Microsoft, Home Depot and Starbucks now offering it as an option.

However, investing in bitcoin uk in the crypto asset comes with its own set of risks. As a result, many investors have been hesitant to dive in. In an attempt to ease concerns, the US Securities and Exchange Commission (SEC) recently approved a new product that will give investors the opportunity to invest in Bitcoin via exchange-traded funds.

Exploring Forex: UK Forex Trading Platforms

This means you’ll be able to invest in the cryptocurrency by purchasing shares on a trading platform, which are then linked to the price of Bitcoin in real time. However, the usual warnings apply and you should only invest money you can afford to lose.

To get started, you’ll need to sign up for an account with a crypto exchange. This typically involves submitting proof of identity and then depositing funds using your bank account or a preferred payment method. Once you have a sufficient amount in your account, you can then navigate to the buying section of the exchange and either use a market order to purchase Bitcoin immediately or place a limit order at a specific price you’re comfortable with.

Once purchased, you’ll want to keep your Bitcoin in a secure wallet. This could be a software wallet on your computer or mobile phone, or it may be a dedicated hardware device like a Trezor that’s cut off from the internet, preventing malicious third parties from accessing your private keys.