FAQs
Additional Crypto FAQs (UK-Focused)
A deeper look at how crypto works in the UK, why it’s more secure than banks, and how it protects your privacy while avoiding delays and institutional interference.
1. Do I need to be tech-savvy to use crypto?
Not at all. Modern crypto wallets and payment platforms are designed to be as user-friendly as banking apps. We also provide clear, step-by-step guidance — and our team is available to help if you ever get stuck.
2. What is a stablecoin, and why do you use them?
Stablecoins like USDT (Tether) or USDC are cryptocurrencies that are pegged to the value of the British Pound or US Dollar. This means 1 USDT ≈ £0.79–£0.80 (depending on the rate), and the price doesn’t fluctuate like Bitcoin or Ethereum.
We use stablecoins to ensure your payments are predictable and don’t lose value during a transaction.
3. Can I convert to GBP easily?
Yes. Most major wallets and exchanges allow you to convert crypto back into GBP at any time. You can then withdraw those funds to your bank account or use a crypto debit card for spending.
4. Is crypto legal in the UK?
Yes — crypto is legal in the UK. While it’s not yet considered legal tender, there are no laws preventing you from owning, spending, or receiving crypto. HMRC does require reporting for tax purposes, but for most clients using it simply to pay us, no extra steps are needed.
5. Will using crypto affect my credit score or bank account?
No — crypto transactions don’t show up on your credit report. However, if you attempt to use crypto through your bank card or account, some banks may flag it or block the transaction.
This is one of the reasons we recommend using crypto wallets directly rather than buying through your bank.
6. How do I avoid scams when using crypto?
Stick with reputable platforms, never share your wallet seed phrase, and double-check addresses before sending. We only publish payment instructions on our official website and emails from @advicifas.org. If in doubt, contact us first.
7. What wallet do you recommend for beginners?
Our main recommendation is Wirex. However, we also recommend Crypto.com and Coinbase. These wallets are free, easy to set up, and work with stablecoins like USDT.
8. What if I send crypto to the wrong address?
Unfortunately, crypto transactions are irreversible, so always double-check the address before confirming. However, because it’s decentralised and transparent, you can track the funds and verify exactly where they went, unlike with banks.
9. Why can’t I just pay you by bank transfer or card?
We moved away from traditional banking because of unfair account closures, blocked payments, and harmful delayscaused by financial institutions targeting our sector. Crypto ensures that clients can get the help they need without interference, judgement, or obstruction.
For more information, please read Our Movement To Crypto and Busting Crypto Myths (Banking).
Our Wallet Recommendation
Our Recommendation
Wirex Crypto Wallet
+ Debit Card.
With Wirex, you gain access only to a powerful suite of Cryptocurrency tools and assets, but also to a Crypto-enabled Debit Card—bridging the gap between digital currencies and everyday spending. With the Wirex debit card, you can:
- Spend Crypto like traditional currency at millions of locations worldwide, both online and in-store;
- Convert Crypto to fiat instantly, enabling seamless transactions without manual exchanges;
- Earn Crypto rewards and Cashback on every purchase through Wirex's Cryptoback™ programme; and
- Top up your card easily using Crypto, bank transfers, or other supported methods.
We are not partnered nor affiliated with Wirex and this is a genuine recommendation from experience.
