Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Crypto exchanges enable UK investors to buy and sell digital currencies like Bitcoin and BNB.
The best crypto exchanges in this space are regulated and offer competitive trading fees across a wide number of markets.
In this comparison guide, we review the best crypto exchanges in the UK in the market right now.
The 12 Best Crypto Exchanges in the UK for 2022
The overall best crypto exchanges in the UK for 2022 can be found in the list below:
- eToro – Overall Best Crypto in the UK with Copy Trading Features
- Crypto.com – Trade 250+Crypto Assets at 0.4% Commission
- Binance – Low-Fee Exchange Offering 600+Coins
- Coinbase – Popular Crypto Exchange for Beginners
- Bitstamp – Zero Trading Fees and Monthly Volumes of Under $1,000
- Huobi – Top Crypto Exchange for Technical Traders
- Kraken – Gain Exposure to 185+Crypto Markets
- Gemini – Solid Crypto Exchange for Serious Traders
- CEX – UK-Based Crypto Exchange Operational Since 2013
- Kucoin – Top Altcoin Exchange With More Than 700 Supported Coins
- Luno – User-Friendly Crypto App that Stores Cryptos Offline in Cold Storage
- Gate.io – More Than 1,400 Crypto Assets Supported
Our comprehensive reviews in the sections below will enable traders to make an informed decision to select the best crypto exchange in the UK.
The Top 12 UK Bitcoin Exchanges Reviewed
Many UK crypto trading platforms in the online space still operate without regulatory approval.
Therefore, in choosing the best crypto exchange in the UK, investors should make it a priority to assess the safety of their funds.
Additionally, UK investors should explore which crypto markets the exchange supported and what fees it charges.
Below, we cover these important metrics and more through comprehensive UK crypto exchange reviews.
1. eToro – Overall Best Crypto Exchange UK
eToro is a clear winner in terms of the overall best crypto exchange in the UK. This exchange is heavily regulated, so safety is assured. Licensing comes from the FCA, in addition to regulators in the US, Cyprus, and Australia. Over 27 million clients now trust eToro to find the best cryptos to buy in 2022.
Those in the market for crypto specifically will find 78 coins hosted on the eToro website. The most traded crypto assets at eToro include Bitcoin, Ethereum, Ripple, BNB, and Cardano. Others include Shiba Inu, Dogecoin, Solana, Decentraland, and the Sandbox. The minimum crypto trade on eToro is just $10 for UK investors, or about £8.
Traders will pay a competitive commission of 1% per slide when trading crypto at eToro. This means that users can buy Bitcoin in the UK and pay a crypto fee of 1% plus the market spread. This amounts to just £1 for every £100 worth of crypto bought or sold. Getting money into eToro is cost-effective too, with the exchange charging just 0.5% on GBP deposits in the form of debit/credit cards, e-wallets, or bank account transfers.
The minimum deposit for UK traders is just $10 across all supported payment types. Another option to consider when buying crypto at eToro is to invest in a Smart Portfolio. This offers access to dozens of crypto assets through a single investment and the Smart Portfolio is professionally managed by eToro.
This means that investors in the UK can buy and sell crypto passively, as the Smart Portfolio will be re-weighted and re-balanced regularly. The minimum Smart Portfolio investment at eToro is $500, or about £400. Another option is the eToro Copy Trading feature. Instead of investing in a diversified portfolio, Copy Trading enables users to allocate capital to another trader.
For example, by investing capital into an experienced crypto trader, any buy or sell positions that they entered on eToro will be copied over to the user’s portfolio. The minimum investment per trade when opting for the Copy Trading tool is $200, or about £160. In addition to crypto assets, eToro also supports traditional financial markets.
This includes thousands of stocks and ETFs from the UK and international markets, with the latter including the US, Hong Kong, Canada, France, and more. All stocks and ETFs at eToro are commission-free. It is also possible to trade stocks at eToro via CFDs with leverage of up to 1:5. eToro also offers CFD markets on forex, commodities, and indices.
Other eToro features include a fully-fledged demo account with $100k in paper funds, alongside a user-friendly mobile app. There are also tools to perform analysis, such as technical indicators and pricing charts. To get started with eToro, UK investors can create an account in under five minutes.
| Number of coins | 78 |
| Minimum deposit | $10 (about £8) |
| Debit card fee | 0.50% |
| Crypto trading fee | 1% |
| Top features | FCA regulated, low fees, Copy Trading, diversified Smart Portfolios, user-friendly platform |
| Proprietary wallet | Yes |
Pros
- Authorized and regulated by the FCA
- 27+million clients
- 1% crypto trading fee
- 0.5% debit/credit card fee
- 78+other cryptocurrencies to buy
- Also supports 0% commission stocks and ETFs
- Copy trading feature
- User-friendly web and mobile trading platform
Cons
- Better suited for those seeking custodial storage
- $5 (about £4) withdrawal fee
Crypto assets are highly volatile investment products. Your capital is at risk.
2. Crypto.com – Trade 250+Crypto Assets at 0.4% Commission
Crypto.com is one of the best crypto exchanges in the UK for diversification purposes as well as gaining exposure to new cryptos. After opening an account with this provider – which typically takes 5-10 minutes, UK investors will then have access to more than 250 coins. Not only that, but Crypto.com offers competitive trading fees. For example, the highest rate that UK investors will pay to trade is just 0.075% per slide.
This means that buying £100 worth of crypto would attract a commission of just 7.5p. This means that Crypto.com is now cheaper than Binance, which historically was regarded as the best Bitcoin exchange in the UK for low commissions. Moreover, the Crypto.com maker-taker pricing model means that those trading larger volumes will be offered even lower fees.
Lower fees are also possible when staking CRO tokens, which is the native digital currency of the Crypto.com ecosystem. To get money into a newly created Crypto.com account, UK investors can transfer funds from a bank account without paying any deposit fees. Those in a rush might consider using a debit/credit card – which is processed by Crypto.com instantly.
However, this will attract a fee of 2.99% of the transaction amount. Furthermore, do note that GBP deposits can only be made via the Crypto.com app. Once the account is funded, investors can then buy and sell coins via the Crypto.com web trading interface, which comes packed with tools and features.
It is also possible to generate a yield on idle coins through the Crypto.com Earn platform. For example, by depositing crypto on a 3-month term, investors can earn up to 14.5%. Shorter-term investors might opt for a flexible account which, although yielding a lower interest rate, offers instant withdrawals. Crypto.com also offers loans, NFTs, and a DeFi wallet.
| Number of coins | 250+ |
| Minimum deposit | $20 (about £16) |
| Debit card fee | 2.99% |
| Crypto trading fee | 0.075% |
| Top features | Free UK bank transfer deposits, 250+supported coins, crypto interest accounts |
| Proprietary wallet | Yes |
Pros
- Lowest crypto trading fees in the industry
- More than 250 cryptocurrencies supported
- User-friendly mobile app for iOS and Android
- DeFi services including interest accounts and loans
Cons
- Debit/credit cards attract a fee of 2.99%
- Purchases made with GBP are only available on the app
3. Binance – Low-Fee Exchange Offering 600+Coins
As noted above, Binance was for a long time the cheapest crypto exchange in the UK, with commissions starting at just 0.1% per slide. Although Crypto.com is slightly more competitive, Binance is still hugely competitive. After all, at a commission of 0.10%, this amounts to a fee of just 10p for every £100 worth of crypto traded.
Furthermore, and perhaps most importantly, Binance offers a 25% fee reduction for those holding BNB. This is the native coin of the Binance ecosystem. Moreover, depositing funds into a Binance account via a UK bank transfer will attract a fee of just £1. Debit and credit card payments are supported too but this will cost 1.8% in transaction fees.
In addition to offering competitive fees, Binance is perhaps the best crypto exchange in the UK for supported markets. It offers access to more than 600 coins across a wide variety of projects. Moreover, this extends to more than 1,000 tradable markets. There is also a conversion facility that enables traders to swap coins at the click of a button.
However, the more cost-effective way of trading coins is to use the Binance exchange. This will see UK investors trading with other market participants through a highly sophisticated platform that comes packed with analysis tools and features. Binance also offers a decentralized wallet called Trust, which comes in the form of a mobile app.
| Number of coins | 600+ |
| Minimum deposit | £15 when using a debit card |
| Debit card fee | 0.018 |
| Crypto trading fee | 0.001 |
| Top features | 600+coins and 1,000+markets, 0.1% commission, largest exchange for trading volume |
| Proprietary wallet | Yes |
Pros
- Trading commission of just 0.1%
- Minimum debit card purchase of £15
- Supports more than 600 coins
- Huge liquidity levels
Cons
- Debit/credit cards attract a fee of 1.8%
- Not regulated by the FCA
- Faster payments option is often suspended
4. Coinbase – Popular Crypto Exchange for Beginners
Coinbase offers more than 100 markets on its user-friendly crypto exchange. This provider offers great security features and it has been active in the crypto industry for over a decade. Traders in the UK will pay 1.49% to buy and sell crypto at Coinbase. This is much higher than other UK Bitcoin trading platforms in the market, so do bear this in mind.
Moreover, crypto orders of under $200 will attract a flat fee. This invariable amounts to an even higher commission percentage. To buy crypto with a debit card at Coinbase, this will cost 3.99% of the transaction amount, albeit, this includes the commission. This crypto exchange does, however, also accept fee-free UK bank account transfers.
Coinbase accounts are protected by two-factor authentication and IP address whitelisting. The latter means that when an account holder logs in from an unrecognized IP address, Coinbase will execute an additional security check. 98% of client digital assets are kept offline at times in cold storage wallets. Coinbase also offers a DeFi wallet, which offers non-custodial storage.
| Number of coins | 100+ |
| Minimum deposit | £50 is recommended, but not enforced |
| Debit card fee | 3.99% |
| Crypto trading fee | 1.49% |
| Top features | Solid security and regulation, popular with beginners, supports UK debit/credit cards |
| Proprietary wallet | Yes |
Pros
- One of the best crypto exchanges for beginners
- More than 100 cryptocurrencies listed
- Strong commitment to regulation and security
Cons
- Debit/credit cards attract a fee of 3.99%
- High trading commissions
- No support for BNB or Ripple
5. Bitstamp – Zero Trading Fees and Monthly Volumes of Under $1,000
Bitstamp is a popular crypto exchange that offers access to 78 coins. Investors in the UK can trade via the Bitstamp website or mobile app, which is compatible with both Android and iOS smartphones. There are plenty of trading tools supported by Bitstamp across both device types, including real-time crypto charts and technical indicators.
When it comes to fees, deposits are free when transferring funds from a UK bank account. Debit and credit card payments, however, will attract an instant buy fee of 5%. As such, bank transfers – although slower to process, represent the better option. Commissions are very competitive at Bitstamp.
For monthly trading volumes of under $1,000 (about £800), no commissions are charged. Anything traded above this figure within a 30-day period will attract a commission of 0.4%. After buying crypto at Bitstamp, the coins can be left in the web/mobile wallet. 95% of client digital assets are kept in cold storage at all times.
| Number of coins | 78 |
| Minimum deposit | £10 minimum trade |
| Debit card fee | 5% |
| Crypto trading fee | 0% up to the first $1,000 (about £800) each month |
| Top features | 95% of client funds kept in cold wallets, established in 2011, no commission on the first $1,000 traded each month |
| Proprietary wallet | Yes |
Pros
- 0% commission on the first $1,000 traded each month
- Established in 2011 and 95% of client tokens are kept offline
- No fees to transfer funds via a UK bank account
Cons
- Debit/credit cards attract a fee of 5%
- Only two coins are supported by its staking tool
6. Huobi – Top Crypto Exchange for Technical Traders
Huobi is one of the best crypto exchanges in the UK for advanced traders. After choosing a suitable market across more than 500 supported coins, traders will have access to a highly intuitive charting area. This can be customized to the trader’s liking in terms of timeframes, colors, and market depth.
There are comprehensive order books updated in real-time in addition to drawing tools and technical indicators. Multiple order types are supported too, including triggers, stop-limits, and take-profits. Huobi offers a competitive maker-taker pricing model, where the highest commission charged is just 0.2% per slide.
Although Huobi isn’t FCA regulated, its exchange is protected by a 20,000 BTC security fund. This is in place to cover account holders in the event the exchange is hacked. Huobi traders are also protected by cold storage. Huobi supports UK debit/credit cards and bank account transfers for a smooth deposit and withdrawal process.
| Number of coins | 500+ |
| Minimum deposit | £8 |
| Debit card fee | Varies depending on Visa/MasterCard and debit/credit card |
| Crypto trading fee | 0.20% |
| Top features | 20,000 BTC security fund, competitive commissions, 500+coins supported |
| Proprietary wallet | Yes |
Pros
- Trade Bitcoin and 500+other crypto assets
- Pay just 0.2% per trade in commission
Cons
- Confusing debit/credit card fees
- More suited to experienced crypto traders
- Many Huobi products are not accessible to UK clients
7. Kraken – Gain Exposure to 185+ Crypto Markets
Kraken is an established provider and one of the best crypto exchanges in the UK for trust. It was founded in 2011 and has been offering crypto services since 2013. UK investors can open an account with Kraken in a matter of minutes and proceed to make a deposit with a UK bank transfer. This will not attract any deposit fees.
The other option is the make a debit/credit card payment to buy crypto instantly. This will attract a fee of 3.75%, plus 25p. In total, Kraken offers access to more than 185 cryptocurrencies. There is a spot trading fee of 0.26% to pay when exchanging coins on the Kraken Pro suite. This comes with advanced charting tools and technical indicators.
Although Kraken is considered safe, this crypto exchange does not offer its own proprietary wallet. Therefore, UK investors should consider withdrawing their coins out of the Kraken exchange after completing their purchase. Those looking to improve their crypto trading knowledge will find the free Kraken educational department valuable.
| Number of coins | 185 |
| Minimum deposit | £8 |
| Debit card fee | 3.75%, plus 25p |
| Crypto trading fee | 0.26% via Kraken Pro |
| Top features | Established in 2011, 185+coins supported, free UK bank transfers |
| Proprietary wallet | No |
Pros
- More than 185 cryptocurrencies supported
- Great reputation for customer safety
- Beginner-friendly trading platform
Cons
- Debit/credit cards attract a fee of 3.75%, plus 25p
- Fee schedule is confusing
- No proprietary crypto wallet
8. Gemini – Solid Crypto Exchange for Serious Traders
Gemini is perhaps the best crypto exchange in the UK for serious, large-scale traders. This exchange is heavily regulated and it is home to high-level security features that are institutional-grade. On the flip side, accounts at Gemini can be slow to open considering the provider’s cumbersome KYC (Know Your Customer) process.
Nonetheless, once the account is set up and fully verified, the investment experience is smooth. In total, Gemini supports more than 100 crypto assets, most of which are either large or medium-cap. Standard trading fees at Gemini amount to 1.49% per slide. Moreover, investments of under $200 attract a flat fee – much like the previously discussed Coinbase.
Buying crypto instantly on this exchange via a debit or credit card will attract an all-in fee of 3.49%. UK bank transfers offer a cheaper alternative, as no transaction fees are charged. Gemini also has its own native stablecoin – the Gemini Dollar. This is pegged to the US dollar and through Gemini Earn, offers a way for UK investors to generate passive income.
| Number of coins | 100+ |
| Minimum deposit | Not stated |
| Debit card fee | 3.49% |
| Crypto trading fee | 1.49% |
| Top features | Heavily regulated broker, top security tools, 100+ coins supported |
| Proprietary wallet | Yes |
Pros
- Has a great reputation in the crypto brokerage industry
- Plenty of high-level security tools
- Supports over 100 coins
Cons
- UK investors will be charged 3.49% to use a debit/credit card
- Buy and sell orders attract a fee of 1.49%
- KYC process is often slow
9. CEX – UK-Based Crypto Exchange Operational Since 2013
CEX is a UK-based crypto exchange that was first launched in 2013. The platform claims to have more than 4 million clients and a 0% hacking rate to date. When it comes to buying crypto, CEX supports several UK payment methods. This includes Visa, MasterCard, Skrill, Paypal, and bank transfers. Fees will depend on the preferred payment type.
For example, UK-issued debit cards attract a fee of 1.49% when making a deposit. Withdrawals, however, attract a service charge of 3% + $1.20 (about £1.10) and a commission of $3.80 (about £3.35). Skrill deposits and withdrawals cost 3.99% and 1%, respectively. The best option is a UK bank transfer, which is fee-free across both deposits and withdrawals.
In terms of commissions, CEX charges 0.15% on each buy and sell order. For monthly volumes of over $10,000 (about £8,000), the commission is reduced slightly to 0.13%. CEX also offers crypto savings accounts that enable investors to generate interest on their coins. There is also a CEX wallet app for iOS and Android, which connects to the main web account.
| Number of coins | 70+ |
| Minimum deposit | £20 on bank transfers, $20 (about £16) on debit/credit cards |
| Debit card fee | 1.49% |
| Crypto trading fee | 0.15% |
| Top features | UK-based exchange trading since 2013, free bank account deposits and withdrawals, 0.15% trading commission |
| Proprietary wallet | Yes |
Pros
- Based in the UK and operational since 2013
- Over 70 coins supported
- Supports debit/credit cards, e-wallets, and bank transfers
Cons
- Some payment methods come with high transaction charges
- Does not support non-crypto assets like stocks
10. Kucoin – Top Altcoin Exchange With More Than 700 Supported Coins
Kucoin is a global crypto exchange that accepts clients from the UK in addition to 200 other countries. This provider is perhaps the best crypto exchange in the UK for altcoins, with more than 700 markets supported. In particular, Kucoin is often the go-to place to invest in newly launched crypto assets that carry a small market capitalization.
Kucoin also offers social trading features that enable users to share market insights and discuss potential trading opportunities. Kucoin users can trade via the exchange’s web trading suite or mobile app. The latter is free to download on both Android and iOS smartphones. Spot trading commissions operate on a maker-taker pricing model at Kucoin.
For monthly volumes of under 50 BTC – which amounts to more than £800,000 as of writing, the commission stands at just 0.1% per slide. When holding and paying commissions in Kucoin’s native token – KCS, fees are reduced by 20%. Kucoin also offers crypto lending and interest account services, in addition to NFTs.
| Number of coins | 700+ |
| Minimum deposit | £10 |
| Debit card fee | Only stated on the order confirmation page |
| Crypto trading fee | 0.1% |
| Top features | Very competitive trading commissions, buy crypto with a debit/credit card from £10, more than 700 coins supported |
| Proprietary wallet | Yes |
Pros
- One of the best crypto exchanges in the UK for altcoins
- More than 700 coins supported
- Low minimum deposits from just £10
Cons
- Not transparent on debit/credit card fees
- Not regulated by the FCA
11. Luno – User-Friendly Crypto App
Luno offers a user-friendly trading app for iOS and Android smartphone users. Users based in the UK can deposit funds via a bank transfer without paying any fees. Debit/credit cards are not supported in the UK market. There is a standard trading commission of 1.5% to pay when buying and selling digital currencies on the Luno app.
Although Luno is popular with beginners, this crypto exchange app only supports 9 coins. This means that unless the investor is looking to buy a specific coin that is supported by Luno, they will need to have an account with another exchange in order to properly diversify. Nonetheless, Luno supports automated buy orders, which will appeal to those looking to dollar-cost average.
| Number of coins | 9 |
| Minimum deposit | Not stated |
| Debit card fee | Not available for UK clients |
| Crypto trading fee | 1.5% |
| Top features | Simple and user-friendly mobile app, no fees on UK bank transfers, all-in-one exchange and wallet |
| Proprietary wallet | Yes |
Pros
- Deposit GBP via a UK bank transfer without paying any fees
- User-friendly interface
Cons
- Commissions of 1.5% per trade
- UK investors cannot deposit funds with a debit/credit card
- Only 9 crypto assets supported
12. Gate.io – More Than 1,400 Crypto Assets Supported
Gate.io is the final option to consider on this list of the best crypto exchanges in the UK. The standout feature of this provider is that it supports more than 1,400 crypto assets on its platform – which is huge. Naturally, this means that Gate.io will appeal to investors that wish to diversify across a wide variety of small-to-medium cap projects.
Although Gate.io does not directly support fiat payment deposits, it does connect to several third-party processors. This includes MoonPay, Banxa, and Coinify. As such, UK investors can deposit funds with a debit or credit card. Fees are determined by the chosen third-party provider and will likely average 3-5%.
Trading commissions amount to 0.2% per slide for casual traders. Volumes of over $60,000 per month will have access to lower commissions. Finally, Gate.io also offers DeFi services, inclusive of lending and interest accounts.
| Number of coins | 1,400+ |
| Minimum deposit | Not stated |
| Debit card fee | Depends on chosen third-party processor |
| Crypto trading fee | 0.2% |
| Top features | Supports more than 1,400 coins, low trading commissions, DeFi services |
| Proprietary wallet | Yes |
Pros
- Huge number of markets at over 1,400 coins
- DeFi services and native wallet app
Cons
- Not regulated in the UK
- Debit/credit cards only supported via a third-party processor
- More suited for experienced crypto traders
Comparing The Best UK Crypto Exchanges
The table below highlights the key features of the 12 crypto exchanges reviewed in the sections above:
| UK Crypto Exchanges | Total Coins | Min Deposit | Debit Card Fee | Crypto Trading Fee | Top Features | Proprietary Wallet |
| eToro | 78 | $10 (about £8) | 0.50% | 1% | FCA regulated, low fees, Copy Trading, diversified Smart Portfolios, user-friendly platform | Yes |
| Crypto.com | 250+ | $20 (about £16) | 2.99% | 0.4% | Free UK bank transfer deposits, 250+ supported coins, crypto interest accounts | Yes |
| Binance | 600+ | £15 when using a debit card | 1.80% | 0.1% | 600+coins and 1,000+ markets, 0.1% commission, largest exchange for trading volume | Yes |
| Coinbase | 100+ | £50 is recommended, but not enforced | 3.99% | 1.5% | Solid security and regulation, popular with beginners, supports UK debit/credit cards | Yes |
| Bitstamp | 78 | £10 minimum trade | 5% | 0% up to the first $1,000 (about £800) each month | 95% of client funds kept in cold wallets, established in 2011, no commission on the first $1,000 traded each month | Yes |
| Huobi | 500+ | £8 | Varies depending on Visa/MasterCard and debit/credit card | 0.20% | 20,000 BTC security fund, competitive commissions, 500+coins supported | Yes |
| Kraken | 185+ | £8 | 3.75%, plus 25p | 0.26% via Kraken Pro | Established in 2011, 185+ coins supported, free UK bank transfers | No |
| Gemini | 100+ | Not stated | 3.49% | 1.50% | Heavily regulated broker, top security tools, 100+ coins supported | Yes |
| Cex | 70+ | £20 on bank transfers, $20 (about £16) on debit/credit cards | 1.49% | 0.15% | UK-based exchange trading since 2013, free bank account deposits and withdrawals, 0.15% trading commission | Yes |
| Kucoin | 700+ | £10 | Only stated on the order confirmation page | 0.10% | Very competitive trading commissions, buy crypto with a debit/credit card from £10, more than 700 coins supported | Yes |
| Luno | 9 | Not stated | Not available for UK clients | 1.50% | Simple and user-friendly mobile app, No fees on UK bank transfers, All-in-one exchange and wallet | Yes |
| Gate.io | 1400+ | Not stated | Depends on chosen third-party processor | 0.25 | Supports more than 1,400 coins, low trading commissions, DeFi services | Yes |
What is a Cryptocurrency Exchange?
Crypto exchanges are online platforms that enable traders in the UK to buy and sell digital currencies like Bitcoin and Ethereum. Unlike brokers, exchanges connect buyers and sellers.
As such, in order to buy crypto on an exchange, there needs to be sufficient liquidity available from those that wish to sell the same coin, at the requested price.
The very best crypto exchanges in the UK – all of which we reviewed on this page, offer competitive trading commissions. Many exchanges offer access to hundreds of different coins, which is great for diversification.
Top crypto exchanges in the UK also support convenient payment methods, so that newbies can get started in a seamless manner. This often includes debit/credit cards, UK bank transfers, and e-wallets like Paypal and Skrill.
How do Crypto Exchanges Work?
Although there are many crypto exchanges that accept UK clients, the actual trading and investment process is much the same across all providers.
For example, UK clients will first need to register an account with the exchange. And, assuming that a regulated exchange has been chosen, the provider will request some ID – with both passports and driver’s licenses typically accepted.
After that, the investor will be able to make a deposit into the crypto exchange account. Most investors in the UK opt for a debit/credit card in this regard, as the payment will be processed instantly.
Finally, it’s then just a case of searching for a crypto asset to buy and completing the purchase. Crypto exchanges are also handy when it comes to swapping one digital asset – such as Bitcoin, for another, like Ripple.
Moreover, the best crypto exchanges in the UK typically offer additional products and services. This might include everything from crypto interest accounts and lending tools to a proprietary wallet and an NFT marketplace.
How to Choose the Best Crypto Trading Platform in the UK
There are more than 100+crypto exchanges in the market – all competing in a highly oversaturated market.
Therefore, when selecting the best crypto exchange in the UK, investors will need to do some solid research.
Some of the most important considerations to make are discussed below:
Regulation
Before exploring trading tools, fees, and supported coins – make sure that the chosen crypto exchange is regulated.
eToro is a heavily regulated provider with licenses from the FCA, SEC, CySEC, and ASIC. As such, eToro is a legitimate exchange.
Tradable Cryptos
The best UK crypto exchanges offer a diverse range of coins and markets. Crypto.com stands out here, as the exchange supported more than 250 digital assets.
Fees
Buying crypto in the UK with a debit or credit card can be costly when choosing the wrong exchange. Consider that card payments cost 5% at Bitstamp but just 0.5% when using eToro.
Also, explore what trading commissions are charged by the chosen exchange.
Crypto.com is potentially the cheapest crypto exchange in the UK right now, as the provider only charges 0.075% in commission.
Wallet
After buying crypto, investors in the UK need to ensure that the coins are being stored safely.
This is why the best Bitcoin exchanges in the UK offer a proprietary wallet – which usually comes in the shape of a mobile app.
Tools & Features
Many crypto exchanges offer additional tools and features, such as savings accounts that pay interest, loans, and staking.
eToro offers Smart Portfolios, which enables investors in the UK to passively gain exposure to crypto assets in a diversified manner.
The best crypto exchanges in the UK also offer pricing charts, technical indicators, and relevant industry news.
Payment Methods
Top crypto exchanges in the UK support multiple payment methods, inclusive of debit/credit cards, e-wallets, and bank transfers.
Customer Service
Another metric to assess when choosing a crypto exchange is the level of customer service offered. Live chat is the best option when it comes to contacting support, so this is something to look for.
Mobile App
Being able to buy and sell crypto on the move is an important option to have. As such, the best crypto exchanges in the UK should offer a proprietary trading app for both Android and iOS smartphones.
How to Trade on a Cryptocurrency Exchange in the UK
Looking to start trading crypto assets on a top-rated exchange that is regulated by the FCA?
If so, we will now explain how to open an account and begin trading with eToro in less than five minutes.
Step 1: Register an eToro Account
To get the ball rolling, open an account with eToro.
Some basic information will need to be entered, such as a full name, home address, and date of birth.
eToro also needs some contact details – namely, an email address and mobile phone number.
Step 2: Verify eToro Account
eToro is a full-service trading platform that is regulated by the FCA. As such, UK investors will need to upload some ID and proof of address that was issued within the prior three months.
UK investors can come back to this step later if the initial deposit is under $2,000 (about £1,600).
Step 3: Deposit Funds
Next, choose a suitable payment method to make a deposit. Popular deposit types supported by eToro include Visa, MasterCard, Paypal, and UK bank transfers.
The minimum deposit requirement for UK investors is set at $10 (about £8).
Step 4: Search for Crypto
Now the eToro user will need to choose which crypto asset they want to buy.
In the search box, type in the name of the crypto and click on the ‘Trade’ box to load an order box.
The other option is to click on ‘Discover’ from the left-hand sidebar. Then, click on ‘Crypto’ to see which markets are supported.
Step 5: Buy Crypto
Just like in the image below, an order box will appear on the screen.
The eToro user will need to specify the total amount of money to invest in the crypto asset.
In our example above, we are trading the minimum – which is $10.
To enter the crypto position, click on ‘Open Trade’.
Conclusion
In summary, UK traders have access to dozens of crypto exchanges.
However, knowing which crypto exchange to open an account with can be a time-consuming task, considering how much research is required.
A top-rated option in this space is eToro – which is an FCA-regulated platform used by more than 27 million clients.
In addition to low fees, small account minimums, and support for plenty of markets – eToro offers a safe and user-friendly interface that is likely to be appreciated by beginners.
Crypto assets are highly volatile investment products. Your capital is at risk.
FAQs
Where can I invest in cryptocurrency in the UK?
Investors in the UK can buy crypto from an online exchange. After ensuring that the exchange is regulated, the investor will need to register an account and make a deposit. Regarding the latter, many exchanges in the UK support debit/credit cards and bank transfers. Then it’s just a case of choosing a crypto to buy and completing the order.
What is the best cryptocurrency exchange in the UK?
The best crypto trading platform in the UK in terms of low fees, supported markets, and regulation – is eToro. This platform is FCA-licensed and not only supports low crypto trading fees, but 0% commission stocks and ETFs. Moreover, eToro makes buying crypto easy for the first time – as the platform accepts Visa, MasterCard, Paypal, Skrill, bank transfers, and a number of other convenient payment types.
What is the best platform in the UK to trade Bitcoin?
We found that eToro is the best Bitcoin trading platform in the UK. eToro enables investors in the UK to buy and sell Bitcoin in an FCA-regulated environment. The minimum deposit and Bitcoin investment is just $10 (about £8) and the purchase can be funded instantly with a debit/credit card.
What is the safest Bitcoin exchange in the UK?
Bitcoin exchanges in the UK should only be trusted if the provider is authorized and regulated by the FCA. From the 12 exchanges that we reviewed on this page, eToro was the only provider that met this strict criterion. Therefore, UK investors can trust that the eToro exchange is credible and legitimate.
What is the cheapest Bitcoin exchange in the UK?
The cheapest crypto exchange in the UK is Crypto.com. The highest commission charged by this exchange is just 0.075% – which amounts to 75p for every £1,000 traded. Crypto.com charges 2.99% on debit/credit card payments, however. As such, the cheapest option in this regard is eToro, which only charges 0.5% on Visa and MasterCard payments.