How can I buy cryptocurrency in the UK with Archax
A step-by-step guide on how to buy cryptocurrency in the UK using the Archax Exchange
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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Step 1: Account creation and verification
Create an account on the Archax Exchange. Once created, you'll then need to verify your identity by providing ID and proof of address to comply with regulatory standards. For added security, Archax enables two factor authentication on your account. /Help%20Center/Article%201/Picture1.png?width=357&height=554&name=Picture1.png)
Step 2: Funding your account
Once verified, you can deposit funds via bank transfer into your Archax account. Log in, navigate to the Deposit section, select your currency, and follow the instructions to complete the deposit process./Help%20Center/Article%201/Picture2.png?width=357&height=513&name=Picture2.png)
Step 3: Exploring the Archax trading interface
Archax's intuitive trading interface includes a price chart, order book, and market trades to help you make informed decisions. The price chart shows historical cryptocurrency price movements, while the order book displays current buy and sell orders, giving insight into market depth and liquidity.
You can see live market quote details at the top of the Archax Advanced Trading interface, including the last price, 24-hour change, volume, best bid and best ask.
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Step 4: Placing an order to buy cryptocurrency
To purchase cryptocurrency, you need to place an order. Archax supports different types of orders, including market orders and limit orders. To place a market order to buy Bitcoin (BTC) in British Pounds (GBP) using the Buy & Sell functionality:
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- In the Buy & Sell interface, choose BTC in the Receive dropdown. In the Spend dropdown, you will see which currencies you can spend to purchase BTC so here you would select GBP.
- Enter the amount of BTC you would like to receive or enter the amount of GBP you would like to spend and click on buy.
- Assets will be delivered to your custody wallet once the purchase is successful.
Monitor your investments
Archax's Exchange interface provides real-time charts and market data, helping you to stay informed and make timely decisions./Help%20Center/Article%201/Picture7.png?width=670&height=361&name=Picture7.png)
Sign up on Archax today and embark on your cryptocurrency trading journey with confidence.