Brexit beginnings

Bitcoin Brexit EU

Our puzzle is missing a piece.

Welcome to our first post-Brexit blog. Where the UK post-June 23rd 2016 is a little different to where we thought it might be.

So, the past few days have been a bit of a downwards roller-coaster ride for poor Sterling – but an ideal opportunity to hedge a little if you were on the fence about buying some bitcoin before.

While the pound and the FTSE 250 has dropped somewhat precipitously – then recovered a fraction after – we still think that mid-to-long term there is still bad news on the horizon.

Don’t worry – we’re here to hold your hand. While we don’t want to issue buying advice, normally investors retreat into precious metals like gold, stable stocks and … need we say it … bitcoin?

Time will tell. In the mean time, we’re here to help you along your bitcoin buying journey

If you have any questions on how bitcoin works, or need a quick video guide for beginners, or want to find out more about buying and selling bitcoin on CoinCut – just drop us a message. We’re extremely friendly, great at teaching, and always willing to help!

To summarise what we’ve already covered in our Help pages:

  1. Start by download a wallet onto your smart phone. We recommend Breadwallet for iPhone or Mycellium for Android. Failing that – you can always go to blockchain.info to get an online wallet. Alternatively, we should have online wallets for you to use on CoinCut as well shortly.
  2. Sign up to join us on CoinCut.com – in order to make any purchases, you’ll have to quickly verify your identity so we know you have a bank account connected and can make purchases.
  3. Decide how much you want to spend, and place an order on our buy page. You will be able to find your bitcoin address from your previously downloaded application. The address is a long sequence of letters and numbers only, and will probably start with a 1 or a 3.
  4. Follow instructions! We’ll let you know where to send your payment, and what details to include with it.
  5. We send you bitcoins once your payment has cleared.
  6. You now have bitcoins. All done!

 

Dax

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