Bitcoin is a digital cryptocurrency that’s currently the world’s most popular. It is not backed by any central bank and has no intrinsic value, but it’s becoming increasingly accepted as a payment method. Some retailers even offer it as a payment option, while investment giant Fidelity is planning to let its employees include it in their pension plans.

Cryptocurrencies are volatile and can lose value quickly, so investing in them should be done with caution. They are often considered high-risk, speculative investments and are not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme. If you do choose to invest in them, make sure to practice due diligence and thoroughly research the cryptocurrencies you’re considering buying, including their technology, use cases, and development team. Also, be sure to keep your cryptocurrency assets secure by using a password-protected wallet and keeping your devices up to date with the latest security updates. Source theinvestorscentre.co.uk

Bitcoin Wallet Reviews: Best Crypto Storage Solutions

Luckily, there are plenty of ways to buy and sell Bitcoin in the UK. Among the most trusted and established is Coinbase, which offers an easy-to-use mobile app that allows you to buy and sell Bitcoin with just one click. Just make sure to verify your identity before you start trading.

You can also invest in cryptocurrencies indirectly through companies that create and operate blockchains or have a business model based on them. For example, you can buy shares in Nvidia (NVDA), which designs the GPUs that are used for mining Bitcoin and other cryptocurrencies.