Bitcoin to GBP Price
Leave this page open in your web browser to see Bitcoin to GBP Live Price Updates, it refreshes automatically.
Real-time Bitcoin price chart using a volume-weighted average price (VWAP) for all the leading cryptocurrency exchanges. VWAPis the ratio of the value traded to total volume traded over a particular time horizon (usually one day).
If you want to see the Bitcoin chart in other currencies, please go to Bitcoin Ticker
What is the live BTC to GBP price?
Welcome to Bitcoin Rate, the UK Bitcoin website where we show the live BTC to GBP price for Bitcoin to GBP Live Price Updates.
To follow all the latest prices and market trading data for Bitcoin across all global markets. Visit our site daily to monitor the value of Bitcoins in the UK and easily track your cryptocurrency portfolio.
To understanding financial tickers and charts, it is important to know that Bitcoin is often shortened to BTC and references to UK Pounds Sterling are often shown as GBP (Great British Pounds). To reference these on Twitter use $BTC and $GBP.
We have updated our website technology so that it is no longer necessary to keep hitting "refresh" to see the latest Bitcoin price (using Web Socket connections) so just leave this page open in your browser and it will update in real-time automatically.
If you are looking for a full Bitcoin to GBP price chart then, go to our Bitcoin Chart page
Click the blue arrow to launch the chart in a separate window so that you can see it full screen.
What are Bitcoins?
A Bitcoin is a cryptocurrency allowing you to exchange money around the world at very low cost.
Bitcoin benefits include:
- easy payments from a SmartPhone
- Bitcoin on mobiles allows you to pay with a simple 2-step scan-and-pay
- control over your money
- it's in a virtual wallet on your device
- works everywhere, at any time
- as long as you have a mobile data network or Wi-Fi connection
- fast International payments
- pay anyone, anywhere, in minutes
- No fees
- there are no fees to receive Bitcoins. Some wallets let you decide how large a fee to pay when spending BTC
- not every establishment will accept Bitcoin
- Bitcoin Price is unpredictable
- the Bitcoin price is very volatile, the value of a Bitcoin can rise and fall dramatically over a short time frame
- Bitcoins can be stolen!
- If someone gets access to your wallet.dat file in your virtual wallet or hacks your online Bitcoin service, you can lose all your coins with little prospect of getting them back.
How to get started with Bitcoin?
If you are new to the exciting world of Bitcoins and crypto-currencies there are a few things you need to educate yourself on as you get started.
The following will give you a firm basis for buying and selling Bitcoin more safely although there are no 100% guarantees in the online world.
- Secure your Bitcoin wallet
- look at "cold storage" options for keeping your Bitcoins offline. This prevents someone from hacking your Bitcoin service provider or your device and stealing your coins.
- check this article on Bitcoin.org for their recommendations on how to secure your wallet
- Choose your wallet
- a Bitcoin wallet can be on a Mobile device (try bread wallet for iOS), Desktop / Laptop PC, specialist hardware device or website service. A Bitcoin Hardware Wallet is one of the safer options.
- Buy and Sell!
How to buy Bitcoin in the UK?
To buy Bitcoin in the UK you need to sign up to a Bitcoin Exchange.
The initial sign-up may be a simple process of setting a username, email address, and password but you will need to provide proof of identity to get fully verified to start buying and selling Bitcoins. This is a security measure as Bitcoin transactions are irreversible and mostly untraceable. Someone could trace your transactions from your IP address but there is nothing to stop you from creating a new BTC wallet id and changing your IP address for each trade you make.
See our UK Bitcoin Exchange page for a list of online Bitcoin Exchanges that accept UK Customers. Some allow you to trade in UK Pounds [GBP] but otherwise, you may have to convert to EURO or US Dollars. We have personally used Bitbargain, a UK-based Bitcoin Exchange, without any issues. If you more payment options, go to localbitcoins.com
Buy Bitcoin with Credit Card
Some Cryptocurrency Exchanges now allow you to buy Bitcoin with your Credit card or Debit Card.
You can Buy and Sell Bitcoins in a few clicks using your Visa or MasterCard at www.cex.io
You can also choose to make deposits and withdrawals via payment cards faster by using their Card Manager feature. Once you have provided the correct information about your credit card and prove that you own it, the card will be linked to your profile for quick access for further deposits and withdrawals. You can add multiple cards. Check their website directly for their fee schedule.
Do British Banks accept Bitcoins?
Some of the major British banks have been very reluctant to service Bitcoin exchanges with traditional banking facilities with some even blocking individuals from buying Bitcoin from their UK Bank Account. This has lead to many Bitcoin Exchanges having to make alternative arrangements for their Banking facilities with most going elsewhere in Europe. We are not sure yet how all this will be affected by Brexit.
If you use these services, you may find that you have to pay additional bank payment service charges on International transfers like SEPA. The transaction may also mean that you have to wait 3 to 5 days for your funds to arrive.
However, we see that more recently new banking arrangements are being put in place to UK-based Bitcoin Exchanges add GBP deposit options for their UK customers.
Is Bitcoin Income Taxable in the UK?
Currently, crypto-currency is VAT Exempt. The HM Revenue and Customs tax treatment of income received from Bitcoin and other cryptocurrencies can be found here.
What is the best FREE Bitcoin portfolio tracker?
As your investment grows, it is important to keep a close eye on your cryptocurrency portfolio, just as you would with any other investment or bank account.
This can be a time consuming and difficult task, especially if you are buying and selling often or trading in multiple currencies.