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Bitcoin atms in the uk are legal, if licenced and regulated by the fca. Note that the financial conduct authority (fca) has announced its intention to ban all retail derivatives trading in the uk from january 6, 2021. A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit because of this security. You should still keep records of these transactions so that. I've found a way i'm happy with now, so i thought i'd share in case anyone.
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The best approach is to use an overseas digital currency exchange such as coinbase, luno or coinjar.
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There are currently more than 250 bitcoin atms in the united kingdom where the cryptocurrency can be bought, the largest number of machines in a european.
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At the time of writing this article, it is still legal to buy bitcoin and other cryptocurrencies using a bank account here in the uk.
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