The best and worst places to buy bitcoin in the UK
The best places to start investing in bitcoin are in the US, according to research firm Technavio.
Technavios’ research shows that the US has the most active bitcoin trading market, followed by Germany and Japan, while in the rest of the world, the most popular place to buy and sell the digital currency is China.
UK, however, is one of the countries with the lowest bitcoin trading volumes, and the research shows this to be because of the country’s reputation for its regulatory environment, including its crackdown on the cryptocurrency.
Technapost data Technapos’ analysis shows that, on average, the UK trades on average about $12,400 per day in bitcoin, compared to about $22,200 per day for the US and China.
The UK, which is often considered the home of the crypto world, is the only country in the world to trade bitcoin more than $1bn per day.
Technacost’s research also showed that the UK has a relatively high level of consumer confidence, which helps it be a great place to start.
“This is a highly regulated industry and the market can be very volatile,” said Nick Pickering, head of research at Technaposition.
“A lot of people are reluctant to buy into it because of its volatility and high price, but there are also people that want to take advantage of the market and see the potential in the technology.”
Technaposit said that it was only recently that there was a significant increase in UK-based bitcoin trading volume, which it said could be attributed to the recent launch of bitcoin futures trading, which allowed consumers to trade the digital cryptocurrency on futures contracts.
The company said it is seeing a significant amount of interest from investors in the cryptocurrency in the United Kingdom, with more people buying in than selling.
“With the recent increase in interest in bitcoin trading and the upcoming futures trading scheme, it is now clear that the markets are growing, and we believe this will help to drive demand for the digital coin,” said Pickering.
Technashop said that UK traders have been buying and selling bitcoin on its platform for a long time, which means that it’s been able to quickly and accurately predict bitcoin prices, and that the trend is likely to continue.
The digital currency has been on the rise in recent months, and has been trading at a higher volume than any other asset in the last month.
The most recent price rise of more than 10 percent was announced by the Bitcoin Foundation on Friday, and a recent survey found that more than 70 percent of UK residents and businesses were willing to pay $100 to hold a bitcoin, as opposed to the current $50.
The average price of a bitcoin is currently around $2,400, with the cryptocurrency gaining around 10 percent each month over the last three months.