How to Purchase Bitcoin (BTC) using Pound Sterling (GBP)

To buy Bitcoin using Pound Sterling, first, find a cryptocurrency exchange that supports the BTC/GBP trading pair, such as Nexo, YouHodler, BTSE or Coinbase. Create an account, verify your identity, and deposit your GBP into your exchange wallet. Locate the BTC/GBP pair on the trading platform and place an order to exchange your Pound Sterling for Bitcoin. If the BTC/GBP pair is unavailable, you can first exchange Pound Sterling for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.