Crypto Guide UK is a comprehensive resource for people looking to learn more about the world of cryptocurrencies. From understanding how HMRC taxes crypto assets to the latest updates on new UK regulation and more, this guide covers everything you need to know.Source :https://www.theinvestorscentre.co.uk/crypto/

Like all investments, cryptocurrency is risky and can lose value quickly. This is due to a range of factors, including volatility in the market, cybersecurity threats, and scams. Furthermore, unlike traditional currencies issued by central banks and overseen by government bodies, cryptocurrencies are not regulated in the UK and do not provide any protections or guarantees if something goes wrong.

Crypto Guide UK: A Beginner’s Roadmap to Digital Currency

However, there are steps you can take to lower your risks. These include using secure wallets, researching platforms carefully, and only investing what you can afford to lose. Additionally, only invest with companies that are regulated and follow strict advertising and marketing guidelines.

Cryptocurrency is digital money that doesn’t require a bank or financial institution to verify transactions. Instead, they use blockchain technology to track and verify assets and trades in real-time. It’s also not tied to any country or currency, making it a great option for those who want more control over their finances. However, if you’re planning on selling, spending, or gifting your crypto, it’s important to know how to pay tax on it. In the UK, capital gains and income from cryptocurrencies are both taxed. Capital gains are taxed at rates between 18% and 24%, while staking rewards and mining earnings are taxed at a rate of 45%.