BC Bitcoin is a popular UK-based cryptocurrency exchange that is known for its ease of use and simplicity. Cryptocurrencies are unlike any other asset class. So getting into it could be very intimidating for most people. Exchanges such as BC Bitcoin are ideal for onboarding new people who want to get into cryptocurrencies without their complexities.
What is BC Bitcoin?
BC Bitcoin is based out of Hertfordshire, UK. The exchange was launched in 2017 as a way for people to get started with cryptocurrencies very quickly.
The exchange is made up of experienced professionals in the cryptocurrency industry and complies with all the legal regulations in the UK and the EU.
They have achieved a 5-star Trustpilot rating, most probably due to their excellent customer service and simple buying process. Their team can be easily contacted via phone, online chat, or email, making for a great customer experience. You can use their Contact Us page if you have any questions.
How to buy on BC Bitcoin?
Buying cryptocurrencies in BC Bitcoin is exceptionally straightforward and simple.
- Sign up for an account here
- Head to the Buy Coins page, pick a coin, and enter your wallet address.
- Once you’ve made the payment, the coin you just purchased is directly deposited into your wallet.
Cryptocurrencies on BC Bitcoin
BC Bitcoin supports over 100 different cryptocurrencies. Pretty much any popular cryptocurrency you can think of, BC Bitcoin has it. The best part of it is that BC Bitcoin is a non-custodial exchange. Meaning, they send the cryptocurrency to your wallet immediately after they receive the payment, making it more secure.
Payment Methods on BC Bitcoin
BC Bitcoin supports bank transfers and card payments for buying cryptocurrencies in both UK and EU.
For bank transfers, the exchange supports UK Faster Payments and SEPA Transfers. With Credit and Debit Cards, both Visa and Mastercards are supported.
Fees on BC Bitcoin
BC Bitcoin has a transaction fee for executing the transaction and an exchange fee. It adds up to about 5% in most cases.
BC Bitcoin Pros
- Extremely easy to use
- Non-custodial exchange
- Supports bank and card payments
- Has a large section of cryptocurrency to choose from
- Excellent customer support that is very easy to reach (Extremely rare in the Cryptocurrency space)
BC Bitcoin Cons
- The minimum order value is £250.
- Slightly high fees
- No advanced trading modes
BC Bitcoin Conclusion
BC Bitcoin checks a lot of right boxes. It might not support the fancy trading features of advanced cryptocurrency exchanges. But it is straightforward to use that almost anyone who knows to use internet banking will be able to buy cryptocurrencies using it. This makes BC Bitcoin the perfect cryptocurrency exchange for beginners.
Also, a lot of the advanced cryptocurrency exchanges dont actually support fiat onboarding. BC Bitcoin is a good choice to get your fiat money converted into cryptocurrencies.