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How can I buy XAU with GBP?

avatarnamialusDec 16, 2021 · 3 years ago3 answers

I want to buy XAU (gold) using GBP (British Pound). Can you please guide me on how to do it? I am new to the world of digital currencies and would appreciate some step-by-step instructions or recommendations on platforms that support this transaction.

How can I buy XAU with GBP?
Digital Currencies
XAU
GBP

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure! Buying XAU with GBP can be done through various digital currency exchanges. One popular option is Binance, where you can trade XAU against GBP. Simply create an account, deposit your GBP, and then search for XAU in the trading pairs. Once you find it, you can place a buy order and complete the transaction. Make sure to verify the exchange's fees and security measures before proceeding.
  • avatarDec 16, 2021 · 3 years ago
    Buying XAU with GBP is easy! You can use platforms like Coinbase or Kraken to convert your GBP into a stablecoin like USDT or USDC. Once you have the stablecoin, you can trade it for XAU on decentralized exchanges like Uniswap or Sushiswap. Keep in mind that decentralized exchanges may have higher fees and require a digital wallet for transactions.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi is a great platform for buying XAU with GBP. They offer a user-friendly interface and competitive rates. To get started, sign up for an account on BYDFi, complete the verification process, and deposit your GBP. Then, search for XAU in the available trading pairs and place your buy order. BYDFi also offers advanced trading features and a secure wallet for storing your XAU.

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