UK Government Deems Buying Bitcoin and Ethereum Legal, But Taxes and Regulations Apply
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Buying Bitcoin (BTC) and Ether (ETH) is legal in the UK, but cryptocurrencies are considered taxable assets and subject to regulations.
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Securing cryptocurrency holdings is crucial - investors should transfer assets from an exchange to a private crypto wallet for enhanced security.
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Crypto exchanges like Gemini and Kraken are registered in the UK, but investors should research an exchange's security, fees, and availability before purchasing.
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Cryptocurrency brokers like eToro also enable buying BTC and ETH easily but may restrict withdrawing to external wallets.
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Alternatives like crypto ETFs and payment processors provide more diversified cryptocurrency exposure with different security tradeoffs.