15 Most Popular Cryptocurrencies In The UK

Searching for the most popular cryptos in the UK? Read on. We’ll be explaining what are the most popular crypto assets and how you can start trading cryptocurrency in the UK. 

Like the US, the United Kingdom is one of the most important cryptocurrency markets. Thanks to the high purchasing power of UK citizens, being in line with cryptocurrencies that are popular with UK investors can be a potentially profitable idea. 

On this basis, we have compiled a list of the most popular cryptocurrencies in the UK. Given that the cryptocurrency market is coming off a tough period, the odds are that each cryptocurrency in our list is massively undervalued. 

Without further ado, let’s dive into the 15 most popular cryptocurrencies in the UK today. 

 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Whether you’re looking for the best digital assets or simply want to keep up with cryptocurrency trends, you’ll find something of interest in our list of the most popular cryptocurrencies in the UK. 

A Closer Look At The Most Popular Cryptos In The UK

When selecting the 15 most popular cryptocurrencies in the UK, we have focused on three key aspects: functionality, the size of the community, and tokenomics.

These are the factors that, for the most part, determine whether a cryptocurrency is worth buying or not.

With this in mind, let’s now look at the 15 most popular cryptocurrencies in the UK in 2023.

Bitcoin (BTC) – Number One Cryptocurrency In the UK In Terms of Adoption

Bitcoin proved an invaluable alternative to the traditional banking system in the first quarter of 2023 when several bank failures occurred in the US and UK.

During this period, adopters of Bitcoin saw a major rally as more people sought out a way to get their finances away from the weakened banking system.

With its much-needed role as an alternative to traditional finance, Bitcoin's use case is gaining ground as more investors value its potential. 

This is an important signal that people are more trusting of its capabilities and a key reason why it stands as the most popular cryptocurrency in the UK. 

The unprecedented success of Bitcoin can be attributed to the exponential growth of its community, as evidenced by the sharp increase in Bitcoin addresses between 2009-2013. 

As more and more individuals adopt Bitcoin as a legitimate form of currency and invest in it, the value of Bitcoin is expected to rise accordingly. 

In fact, despite trading at mere pennies when it was first introduced in 2009, Bitcoin price has skyrocketed to over $28k per coin today, a remarkable milestone for any cryptocurrency. 

With the increasing adoption of Bitcoin worldwide, its value will continue to rise and prove an attractive investment proposition. This means it will continue to stand out as one of the most popular cryptocurrencies in the UK. 

Would you consider buying BTC, the most popular crypto asset in the world?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH) – Most Dominant Smart Contracts Platform In The Market

Ethereum has proven itself to be a leader in blockchain technology. As the most dominant Layer 1 protocol, it is at the center of developing groundbreaking applications powered by its smart contract functionality. 

Since its launch in 2015, Ethereum has become one of the most popular and versatile platforms for blockchain applications. It is used for everything from tokenizing physical assets to enabling automated legal contracts with complete trust and security. 

As Ethereum evolves, its global reach and usability continue to increase, cementing its position as one of the most popular cryptocurrencies in the UK, and other countries. 

Ethereum's strong capabilities are well-known, but perhaps just as impressive is the strength and growth of its accompanying community. This has been on full display recently as users have gotten behind the transition to Ethereum 2.0 remarkably. 

The community has demonstrated great trust in both the new network and its developers, allowing for a smooth move from the prior system to this more advanced one. 

This unification behind Ethereum 2.0 shows that its community is strong and growing, only adding to its appeal as one of the best cryptocurrencies today. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conflux (CFX) – New Cryptocurrency That Is Quickly Growing In Popularity

Conflux has made it to the list of most popular cryptocurrencies in the UK for its potential for exponential growth, putting it on the same playing field as powerhouses such as Bitcoin and Ethereum. 

This impressive feat is owed largely to the fact that it is currently the only regulated cryptocurrency in China, one of the world's largest economies.

The promising future of Conflux lies in its innovation, which has already seen acceptance among some pools and exchanges based in China, along with attention from audiences worldwide. 

By tapping into China's immense economic power and offering a secure and reliable trading platform, Conflux has positioned itself as a robust and viable option amongst competitive crypto markets.

Conflux has quickly become a popular choice for many crypto-investors in the UK due to its focus on the fast-growing decentralized finance (DeFi) market. 

It is a blockchain network focused on providing secure, open, and miner-less transaction finality that adapts to the needs of scaling enterprises and applications. 

Conflux is continuously striving to create an environment that enables developers worldwide to take advantage of smooth transactions, low latency consensus algorithms, and asset safety that are constructed in an immutable fashion. 

With these factors at play, it is easy to see why Conflux is one of the most popular cryptocurrencies to buy in the UK today. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Chainlink (LINK) – Decentralized Oracles Crypto With Market Dominance

Next in the list of popular UK cryptocurrencies is Chainlink. Chainlink stands out as one of the best cryptocurrencies today due largely to its dominance in the data oracles market. 

Data oracles are a powerful tool that allows blockchain networks to access real-world data and use it to implement smart contracts. 

This means that enterprises using blockchain can easily verify conditions they wish to code into a contract before executing it. 

Chainlink offers robust and secure oracle services that have been staking themselves strongly in the market since 2017, making them a premier choice for anyone looking for reliable data oracle tools. 

Its versatility and ease of use add an edge over other competitors, allowing customers more options when utilizing these innovative Oracle solutions.

 Overall, Chainlink's successes mean great news for those looking for top-tier crypto investments, even amidst an incredibly volatile cryptocurrency market.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Filecoin (FIL) – Popular Cryptocurrency Decentralising File Storage

Filecoin is making waves as one of the leading cryptocurrencies aiming to decentralise file storage. This effort looks to solve many of the issues currently faced in traditional cloud storage platforms, such as platform-dependent access, lack of privacy and security, and high fees.

 Filecoin utilizes a blockchain-backed network to give users transparency over stored data, with its Proof-of-Replication (PoR) protocol incentivizing miners who offer servers with their hard drives. 

As a result, it promises an economical, private, and secure solution for users while keeping data distribution separate from the actual content itself. 

By allowing its users to take back control of their files and use unparalleled security measures, Filecoin could revolutionize file storage altogether.

Investors understand this potential, and it’s not surprising that it has become one of the most popular cryptocurrencies in the UK.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

 Dogecoin (DOGE) – Famous Meme Coin In The UK That Is A Favorite Of Elon Musk 

Although Dogecoin started as a joke, it has been gaining credibility ever since Elon Musk came on the scene. With decades of experience in delivering successful businesses and products, Musk has single-handedly given Dogecoin a sense of respectability; many are now serious about investing in this digital currency. 

Thanks to his involvement, Dogecoin is now one of the most undervalued crypto and has been supported by the recent buzz around the possibility of Twitter integration. 

With this and the fact that Dogecoin has one of the most robust communities in crypto, it's not hard to see why Dogecoin has become one of the most popular cryptocurrencies in the UK.

 In a bull market, the community hype around DOGE could make it one of the most profitable cryptocurrencies for investors today.

Dogecoin's success over the past year has been undeniably attributed to its biggest fan - Elon Musk. However, behind the scenes of every market rally is a robust and loyal community driving it forward. 

The support from Dogecoin's community of meme makers, developers, and investors has been pivotal in hyping up the coin during bull markets and keeping the interest alive during bear periods. 

With a growing user base, the odds will keep doing well in future bull markets. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Shiba Inu (SHIB) – Popular Cryptocurrency Known For Its Exceptional Returns

The dizzying rise of Shiba Inu is one of crypto's most remarkable stories of success. In just two years of its launch, Shiba Inu returned an impressive gain of over 40,000,000%. 

One thing that makes Shiba Inu so attractive is its continual innovation. It was initially created as a meme coin but now possesses a layer-2 platform and Metaverse, giving its users even greater capabilities. 

With such advanced features and an ever-growing user base, it's no surprise that it has become one of the most popular cryptocurrencies in the United Kingdom today.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA) – Top Ethereum Competitor Built On An Advanced POS Algorithm

Cardano is one of the most successful blockchain platforms in recent years and a major competitor to Ethereum. Its unique Consensus algorithm, Ouroboros Proof-of-Stake, has played a significant role in its success.

Unlike traditional mining algorithms requiring massive resources to maintain network security, Ouroboros requires much fewer resources, resulting in scalability without compromising decentralization and security.

Over the years, this system has proven to be quite effective, leading many people to believe in Cardano’s potential. 

Cardano also stands out compared to other blockchains, thanks largely to the growing number of projects built on top of it. 

After introducing smart contracts in 2021, there has been a surge in developers creating innovative applications for Cardano, from new cryptocurrencies and decentralized exchanges to messaging apps and identity solutions. 

This influx of projects is great news for Cardano long term, as it signifies its potential for becoming one of the most dynamic and versatile blockchain platforms. 

It is not surprising that, over time, Cardano has become one of the most popular cryptocurrencies in the UK. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Polygon (MATIC) – Most Dominant Ethereum Layer-2 Scaling Solution

Polygon makes it to the list of the most popular cryptocurrencies in the UK for its fast-growing ecosystem. 

Polygon is currently the most adopted Ethereum layer-2 solution that quickly built a name for itself as it developed an expansive ecosystem of projects. 

This has been noticed as major companies like Disney have announced adopting Polygon in their infrastructure. 

Thanks to its scalability and security features, Polygon has become the default option for major applications that require the Ethereum protocol but can't handle the current gas congestion on the main chain. 

With Polygon's continued expansion and innovation, more organizations are expected to join the platform. It is not surprising that MATIC's popularity with UK investors continues to grow. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Solana (SOL) – One Of The Most Scalable Platform Blockchains In Crypto

During its journey, Solana has had many challenges, including network outages. However, Solana remains one of the most popular cryptocurrencies in the UK. 

Solana has quickly gained a reputation for being one of the fastest, most cost-effective blockchain networks available. Its main net can consistently process up to 50k transactions per second, making it many times faster than some of its leading competitors. 

And with transaction costs as low as $0.01, it's an attractive option for businesses and individuals who need lightning-fast transaction processing without breaking the bank. Solana is an important player in the blockchain market, and its user base grows exponentially daily.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Avalanche (AVAX) – Fast Growing Cryptocurrency Known For Scalability

With the current Ethereum network reaching its capacity for scalability and stability, Avalanche is stepping in as a promising smart contracts platform. 

It has become renowned for its unique infrastructure, consisting of a sub-second block speed, finality, and consensus powered by a novel Avalanche consensus protocol. 

Furthermore, what makes Avalanche extra attractive is its robust community, which supports those using the blockchain and actively contributes to the underlying protocols. 

For instance, they are continuously proposing innovative features like subnets. Combined with its promise to enable permissionless DeFi applications, Avalanche has come fully equipped to alleviate the blockchain scalability crisis and establish itself as an industry leader.

For all its potential in the fast-growing smart contracts space, it's easy to see why Avalanche has become one of the most popular cryptocurrencies in the UK today. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Stacks (STX) – Popular Cryptocurrency Bringing Smart Contracts To Bitcoin

Stacking cryptocurrency is quickly becoming one of the most sought-after options for those looking to become involved in the crypto market due to its clever combination of Bitcoin security and smart contracts. 

Smart contracts are important as they help ensure all parties involved in a contract come out on the same page, bringing consistency and integrity to any agreement. 

By being integrated into Bitcoin, the most secure cryptocurrency network, stacking provides an extra layer of inviolability, lending extra confidence to any transactions or agreements requiring such a strong force. 

This new development is undoubtedly one of Stacks’s major selling points, and it's no wonder why it's quickly become one of the most popular cryptocurrencies in the UK. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ripple (XRP) – One Of The Best Payments Cryptos In the Market Today

XRP has been one of the most popular cryptocurrencies in the UK for several years, and it's easy to see why. XRP allows for faster and more secure cross-border payments, reducing the costs of sending money from one country to another. 

This cost-effectiveness could quite possibly be the game changer for this trillion-dollar market, opening up huge opportunities for value growth in the long term.  If you intend to invest in cryptocurrency, looking at XRP as one of the top contenders makes sense.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Binance Coin (BNB) – Popular Cryptocurrency That Is Part of The Binance Ecosystem

Binance Coin (BNB) is the native cryptocurrency of Binance, the world's largest cryptocurrency exchange. 

The concept behind BNB was designed to increase liquidity, promote wider acceptance, increase the usability of digital assets and reward people who use the platform regularly. 

The coins offer users a variety of uses, including trading fee discounts when transacting on the Binance platform and being used as collateral for loans on other platforms. 

However, more than this strong use case makes Binance Coin one of the most popular cryptocurrencies in the UK. There is also the fact that Binance has proven to be resilient. 

After the FTX debacle, Binance experienced huge withdrawals of customer deposits but still remained standing. This has increased investor faith in Binance and BNB as one of the best altcoins to invest in today.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Decentraland (MANA) – Metaverse Cryptocurrency For Virtual Lands

Lastly, on the most popular cryptocurrencies in the UK today is Decentraland. With Decentraland, the possibilities are endless.

It provides users with a platform for avatars to traverse virtual worlds and participate in activities ranging from buying and selling goods to trading cryptocurrency.

The virtual lands Decentraland offers have become incredibly popular among gamers, entrepreneurs, and traders alike, with some being sold for millions of dollars in past years. 

Apart from the potential monetary gain of investing in virtual real estate, many people love Decentralandsimply because it opens up a world of opportunities. 

From launching new businesses and connecting with like-minded individuals worldwide to playing games and trading cryptocurrencies, there’s no limit to what you can do when you enter Decentraland’s Metaverse.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Where To Buy The Most Popular Cryptocurrencies In The UK

Each of the cryptocurrencies above is hugely popular in the UK. They are all available in the top cryptocurrency brokers in the market today.

Some of the best cryptocurrency exchanges that you can use to buy the most popular cryptocurrencies today are as below: 

• eToro – This is one of the best cryptocurrency exchanges for both new and expert traders. It has a user-friendly platform, low fees, and allows for copy trading. 
• Coinbase –  Crypto broker with a user-friendly interface and is regulated. 
• Binance – One of the best cryptocurrency exchanges for low fees and multiple crypto tokens.

Of all the three cryptocurrency exchanges mentioned above for buying popular cryptos in the UK, eToro is the best. 

eToro stands out because it is regulated in multiple jurisdictions: the UK, US, Cyprus, and Australia. eToro also favors small traders, allowing deposits as low as $10.

How To Buy The Most Popular Cryptos In The UK Today

eToro is one of the best cryptocurrency exchanges to invest in today's crypto market. The best part is that anyone, regardless of their experience, can buy crypto on eToro. 

Here are the steps you can follow to get started.

1. Create An Account

Visit the eToro website and click on Join Now. All you will be asked for is your personal information. 

2. Get Verified

Once you signup, eToro will ask you to provide your identification details for account verification. 

3. Fund Your Account & Buy Popular Crypto

Once your account is verified, deposit money into your account and buy any of the popular cryptocurrencies in the UK. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Why Should I Buy The Most Popular Cryptocurrencies In The UK?

When it comes to investing, there are few surefire strategies for long-term success. Cryptocurrencies represent a highly volatile form of the asset class. Still, the biggest benefit to investing in popular ones is the higher likelihood that they will benefit from market hype in bull markets. 

This means that investors can gain more value than those who opt for lesser-known cryptos during market upswings.

 It's a risky venture as market forces can be unpredictable, and even the most popular coins in the UK have been known to flop during extended bear markets. 

Thus, it's essential for someone looking to invest in cryptocurrencies to do their due diligence and understand both the risks and potential rewards associated with this unique form of investment.

According to data from the Financial Conduct Authority (FCA),  around 2.6 million people have bought cryptocurrency in the UK. That’s almost 4% of the adult population — a statistic which firmly places Britain as one of the top 10 most crypto-friendly countries in the world.

Conclusion - Most Popular Cryptos UK 

This guide has looked at the most popular cryptocurrencies in the UK. We have looked at the core functionalities of each of them and why they are good cryptocurrency investments today. 

We have also looked at the best cryptocurrency exchanges where you can buy these popular cryptocurrencies. Our analysis concluded that eToro is the best cryptocurrency exchange to buy popular cryptocurrencies in the UK. 

Cryptocurrencies have witnessed colossal growth over the past few years and have significantly influenced the world’s financial systems. Numerous crypto exchanges based in the UK offer all these popular cryptocurrencies. To start your trading journey, choose an exchange that suits your requirements after detailed research.

If you are looking for the top leading cryptos in the UK, these coins and tokens are worth watching now. However, it is always essential to create a risk-proof investment strategy before investing in any cryptocurrencies to cut down your losses.

eToro – Best Exchange To Buy Popular Cryptos In the UK

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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