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How to Buy Bitcoin in the UK in Under 5 Minutes [Sponsored Post]

How to Buy Bitcoin in the UK in Under 5 Minutes [Sponsored Post]
Bitcoin is outperforming other asset classes in 2019, having begun the year at around $3700 (£3061) per bitcoin to $10,707 (£8,835) currently. The cryptocurrency has an ROI of 7,815% since its first valuation a decade ago.
This guide will show you how to get your hands on Bitcoin and 40+ of the leading cryptocurrencies in under 5 minutes.
Coindirect.com enables people in Europe to buy and sell cryptocurrencies in two ways using fiat currency (EUR/GBP). The method you choose will depend on how fast you want to purchase bitcoin and how much bitcoin you actually want to buy. In addition to this, the amount of bitcoin you are able to purchase will depend on whether your identity is verified or not. This process of verifying your identity is otherwise known as KYC [know your customer] which is an anti-money laundering measure used to prevent financial crime.
Buying bitcoin with your VISA credit card or debit card

Sign up for a free Coindirect Account (simply log in if you already have an account)
Find your way to your bitcoin wallet .
Click ‘Buy’ and then select ‘ New credit card (EUR) ’ from the drop-down or ‘New credit card (NGN)’ if you are in Nigeria.
Enter EUR value of BTC you want to purchase (more than the minimum limit) or the BTC amount you want to buy and then click ‘Preview Buy ’.
You will receive a quote, press ‘Confirm’ before the timer runs out (counts down from 55 seconds).
Type in your credit card details and hit “ Pay ”.
You will be taken to a page to verify your transaction.
Finally, you will be redirected back to your Coindirect Wallet once the payment is successful.

Currently, the limits for credit card purchases are:
Unverified users – €175 – €500
Verified users – €890 – €1000 (per transaction)
Buying bitcoin using SEPA Transfers (Eur Wallet):
How to deposit EUR into your Euro Wallet:

Log in to your Coindirect account, you will see that the Euro wallet is automatically generated if you are from a SEPA region.
Click the “Fund” button and you will be taken to a “ Transfer Now ” screen.
Click the transfer now button and you will be taken to the screen with Funding Instructions.
Click on the bank dropdown, select Single Euro Payments Area (SEPA), after which the Coindirect SEPA banking details will appear. Add Coindirect as a beneficiary and make the transfer by following steps 1 to 3 to make a Euro deposit into your Coindirect account.

Please use your unique beneficiary reference highlighted in blue when making deposits
How to Buy Cryptocurrency with EUR

Once your funds reflect in your Euro Wallet you can now click on any of the 40+ coins we support in your coindirect wallet and click the Buy now
Then insert a Euro amount that is greater than the minimum amount shown in the wallet, as long as it’s available in your Euro wallet.
Click Preview Buy to get a quote and to see fees and then confirm.

How to Sell Cryptocurrency for EUR

Go to the wallet of the coin you want to sell and click the Sell
Either put in the EUR amount you want to sell for or the coin amount you want to sell.
Click Preview Sell to get a quote and to see the fees and then confirm.

How to Withdraw EUR

If you have funds in your Euro wallet or you sell some coins and you want to withdraw the cash, you must navigate to the Euro Wallet and click the Withdraw You will then be taken to a “Withdraw Euro” screen.
Type the amount of Euro you want to withdraw and select the SEPA bank account you want to withdraw to in the Withdraw to drop down. This bank account is the bank account you added to your profile.
Click Preview Withdraw to see quote and fees and then confirm.


Coindirect also has a business offering that allows non-crypto businesses to accept crypto payments and crypto businesses to add fiat onramps and off-ramps on their platforms. Find out more about Coindirect business here .
Refer your friends to Coindirect and both you and your friend will be rewarded with 5 XRP when your friends perform their first transaction. The more friends you refer the more you earn. Learn more about the earn program here .

The post How to Buy Bitcoin in the UK in Under 5 Minutes [Sponsored Post] appeared first on Today's Gazette - Cryptocurrency, Bitcoin News .

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