London is rapidly becoming a crypto-friendly city, with a growing number of businesses accepting digital currencies like Bitcoin and Ethereum. In fact, recent research from the Financial Conduct Authority (FCA) reveals that 93% of UK adults are aware of crypto while 12% own crypto, with the average holding valued at £1,842.
With the growth in awareness and adoption, cryptocurrencies are fast becoming an acceptable means of payment for a diverse range of goods and services in the city. Why is this happening, and where exactly can you spend your crypto in London? This guide provides the answers.
Why London is a Crypto Hub
London’s embrace of digital currencies is no accident. Several factors contribute to its rise as a leading destination for crypto enthusiasts:
1. Progressive Regulations
The United Kingdom has adopted a forward-thinking approach to cryptocurrencies. Recognizing the growing importance of this sector, the FCA is actively working to establish a clear regulatory framework that encourages innovation and protects consumers.
The recently passed Financial Services and Markets Bill aims to regulate crypto assets and stablecoins. This commitment to regulation is necessary for building trust and ensuring the long-term sustainability of the crypto market in the UK.
2. Thriving Tech Scene
London’s reputation as a global tech hub naturally extends to digital currencies. The city boasts a high concentration of tech-savvy individuals and businesses, driving the demand for and acceptance of cryptocurrencies for paying many bills.
Such a reputation is evident in the growing number of Bitcoin ATMs and the increasing integration of crypto payment options by businesses across various sectors.
3. Multiple Attractions
From historic cafes to luxury department stores, anyone in London can enjoy a diverse range of experiences, and now, you can access them all with crypto. Provided you have a crypto wallet, there are many possibilities you will be able to enjoy.
Where to Spend Your Crypto in London
Ready to put your crypto to use? London affords you that option, all with the convenience of your digital wallet. Let’s check out the different businesses across different categories where you can spend your cryptocurrencies.
1. Restaurants and Cafes
From casual coffee shops to luxurious dining experiences, London’s culinary scene is embracing the crypto revolution. Here are some of the top spots where you can pay with digital currencies:
a. Boisdale of Bishopsgate
Image by DesignMyNight
Supported Crypto: Bitcoin
This renowned establishment offers a taste of luxury with its elegant modern British cuisine, extensive wine list, and lively jazz nights. Known for its exquisite oyster and champagne bar, Boisdale provides a sophisticated setting to indulge in fine dining with your crypto holdings.
Read Also: Best Places to Spend Crypto in Argentina
b. The Old Shoreditch Station
Image by Designmynight
Supported crypto: Bitcoin
Housed in a beautifully restored Victorian train station, this unique venue combines a cafe, bar, and exhibition center. Enjoy a cup of coffee or a craft beer, browse the pop-up shops, and catch an intimate gig.
c. The Sawmill Cafe and Bakery
Image by Sawmill Cafe
Supported crypto: Bitcoin
With multiple locations across London, this trendy cafe offers artisanal pastries, delicious coffee, and a welcoming atmosphere. Whether you’re grabbing a quick breakfast or settling in for a leisurely brunch, you can conveniently pay with crypto.
2. Retail Stores
London’s retail scene is as diverse as its population, and now, you can also go on a shopping spree using your favorite cryptocurrencies. Here are a few such stores
a. Off-White
Image by DrapersOnline
Supported crypto: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Tether (USDT) and USD Coin (USDC
Since 2022, this luxury fashion brand, known for its bold designs and streetwear influence, has fully embraced the digital revolution. Using a wide range of crypto, you can shop for high-end apparel and accessories.
b. Philipp Plein of Mayfair
Image by The Industry Fashion
Supported crypto: Bitcoin, Ethereum, Cardano, Dogecoin, Voyager Token, Litecoin, Nano, Polkadot, Stellar, Solana, and over 10 more common cryptocurrencies
If you’re looking to make a statement, head to Philipp Plein’s flagship store in Mayfair. This iconic designer is renowned for his extravagant and glamorous creations. Browse the latest collections and pay for your purchases with Bitcoin, experiencing the future of fashion firsthand.
3. Entertainment and Leisure
London offers a vibrant array of entertainment options, and now you can experience them while using your digital currency. Here are some exciting ways to spend your crypto on leisure activities and entertainment in London;
a. Queen Elizabeth II Conference Centre
Image by VisitLondon
Supported crypto: Bitcoin
Planning a large-scale event? This prestigious venue in the heart of Westminster accepts cryptocurrency payments for bookings. Host your conference, meeting, or reception in a world-class setting, showcasing your embrace of cutting-edge technology.
b. Online Casinos and Gaming
Image by MostInside
For those who enjoy the thrill of the game, several online casinos and gaming platforms in London now accept cryptocurrencies. The specific cryptocurrency may vary from platform to platform. Enjoy enhanced privacy and security while playing your favorite games, with platforms like tg.casino, wild.io leading the way in crypto-based entertainment.
c. The Pembury Tavern
Image by DesignmyNight
Supported crypto: Bitcoin
This Hackney pub offers a relaxed and friendly atmosphere, perfect for enjoying a pint with friends. And the best part? You can settle your tab with digital currency. With its rustic charm and craft beer selection, The Pembury Tavern is a great example of how crypto is integrating into London’s traditional pub culture.
4. Travel and Accommodation
Whether you’re a digital nomad or simply prefer the convenience of crypto, London offers several options for booking your travel and accommodation using digital currencies.
a. Berkeley Travel
Image by Berkeley Travel
Supported crypto: Bitcoin
This unique travel company allows you to enjoy the best of luxury travel while supporting crypto adoption. No matter where you are going in the world, your travel arrangements are just a Bitcoin payment away.
b. CheapAir
Image by CNN Money
Supported crypto: Bitcoin, Ethereum, Shiba Inu
If you’re flying into London, consider booking your flights and accommodation through CheapAir. This travel agency accepts Bitcoin and has been doing so for over a decade. They also offer a wide selection of options to suit your budget and preferences.
5. Services
From everyday essentials to unique experiences, you can use cryptocurrencies to pay for a surprising range of services in London:
a. Fifth Dimension Tattoo & Piercing
Image by Fifth Dimension Tattoo
Express your individuality and pay for your next tattoo or piercing with Bitcoin at this Shoreditch studio. Known for its high-quality vegan ink and skilled artists, Fifth Dimension offers a unique way to commemorate your crypto journey.
b. Totem Hair
Image by Freepik
Supported crypto: Bitcoin
Need a haircut but don’t have time to visit a salon? Totem Hair brings the salon to you, offering mobile hairdressing services that you can pay for with Bitcoin. Enjoy a convenient and stylish experience from the comfort of your home or office.
c. Hosting.co.uk
Supported crypto: Accepts over 70 cryptocurrency assets
For those building a web presence, Hosting.co.uk offers reliable web hosting services with the option of paying with Bitcoin and other 69 crypto assets. If you need the flexibility that cryptocurrencies provide and want to secure your online space, Hosting.co.uk may just be the company for you.
Tips for Crypto Tourists in London
Image by Freepik
Planning a crypto-powered tour in London? Here are some tips to ensure a smooth and enjoyable experience:
- Choose a Secure Wallet: Before you arrive, set up a secure cryptocurrency wallet to store and manage your digital assets. Popular options include Exodus, Trust Wallet, and MetaMask
- Fund Your Wallet: Ensure you have sufficient funds in your chosen cryptocurrency. You can easily acquire Bitcoin, Ethereum, and other popular coins through reputable exchanges like UEEx, eToro, Kraken, and Coinbase.
- Locate Bitcoin ATMs: London has a growing network of Bitcoin ATMs, making it convenient to exchange fiat currency for crypto if needed. You can find their locations using online directories or dedicated ATM locator apps.
- Practice Safe Crypto Habits: Just like with traditional currency, it’s essential to protect your digital assets. Use strong passwords, enable two-factor authentication, and be wary of phishing scams.
- Consider a Crypto Debit Card: For added convenience, consider using a crypto debit card like UPay. This allows you to make purchases directly from your crypto balance at any merchant that accepts Mastercard, even if they don’t directly accept crypto.
- Download Useful Apps: Apps like SPEDN by Flexa can facilitate crypto payments at certain retailers, such as Starbucks. Explore and download such apps to enhance your crypto spending experience in London.
Conclusion
London’s embrace of cryptocurrencies signals a shift towards a more inclusive and innovative financial economy. From high-street brands to independent cafes, the city offers a diverse range of businesses where you can seamlessly spend your digital assets.
As the UK continues to develop its regulatory framework and the adoption of digital currencies grows, London is poised to remain at the forefront of the crypto revolution.
Know any other crypto-friendly spots in London? Share your favorite in the comments below!
