This guide reviews the best crypto exchanges in the UK. As the popularity of cryptocurrencies has skyrocketed, the number of cryptocurrency exchanges has proliferated, creating a daunting challenge for individual investors who seek to identify a reliable and trustworthy platform to trade on.
To that end, we’ll introduce you to not only the best UK crypto trading platforms but also a comprehensive detail on what makes them the top platforms and how you can use them effectively.
List Of The Best Crypto Exchanges In The UK
We follow rigorous standards in evaluating the top crypto exchanges in the UK. Our foremost considerations include competitive fees, robust safety and security measures, exceptional customer service, and an extensive range of trading options. After thorough analysis, our research has identified the 10 best UK crypto trading platforms for 2023, which are listed below.
- eToro – Best Crypto Exchange in the UK Overall
- Kraken – Top Crypto Trading Exchange with Enhanced Security Measures
- OKX – Best Low-Cost Crypto Exchange Worldwide
- Bitstamp – Most Affordable Crypto Exchange with Outstanding Trading Tools
- Coinbase – Most Suitable Crypto Exchange for Beginners
- Huobi – Finest Cryptocurrency Trading Platform for Retirement Funds
- KuCoin – Best Crypto Exchange for Trading Altcoins
- ByBit – One of the Best Crypto Exchanges in the UK Known for Low Spreads
- CoinJar – Best Exchange for Professional Crypto Traders
- CEX.IO – Best Platform for Exchange Of Value
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Get Started With The Best Crypto Trading Platform In The UK Today
This quick guide explains how to buy and sell cryptocurrency with eToro if you are interested in beginning your investing journey right now. Let us look at how you can get started with the eToro crypto exchange in the UK with these five simple steps:
- Step 1: Open a crypto trader account - You should provide legal details of your full name, email address, contact number, and home address. As part of the verification process, eToro will verify your phone number and email address first.
- Step 2: Verify identity - Per regulations with the Financial Conduct Authority (FCA), eToro will pass you through an extensive verification process called Knowing Your Customer (KYC). You will be asked to upload scanned images of a government-issued identification card that has your signature embossed. ID cards mostly preferred by eToro include passports, widely accepted national cards, and driver’s licenses. Additionally, eToro will request a credit card statement, utility bill, or bank statement. This will help prove your home address. Once eToro is satisfied with the documents, you will become a fully verified account holder.
- Step 3: Deposit funds - The next step is to deposit fiat money into your eToro account. Customers in the United Kingdom (UK) have a minimum first deposit of $10 (around £8.15). You can take advantage of the payment methods on eToro such as bank transfers, bank cards, and e-wallets such as PayPal and Skrill.
- Step 4: Search for crypto assets - Just enter your preferred cryptocurrency such as BTC, ADA, TRX, EOS, AXS, MANA, ETH, LTC, and others in the search box. Once you find it, click on the “TRADE BUTTON”.
- Step 5: Buy crypto - Finally, you must enter the amount of money you are willing to stake in your preferred cryptocurrency. Once done, you can click on “OPEN TRADE” to complete your purchase.
You have just learned in minutes how to buy and sell cryptocurrencies at the UK’s number one crypto exchange – eToro.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
There are hundreds of places to buy crypto coins in the UK, but some of these exchanges are not regulated. This guide will show you the best exchanges and places to buy and sell cryptocurrencies in the UK 2023.
Best Crypto Exchanges in the UK Reviewed
Let’s dive deeper and see what makes the following the best crypto trading platforms in the UK. We’ll go through each one by one and see what they have to offer in detail.
1. eToro - Best Crypto Exchange in the UK Overall
eToro is a leading social trading and multi-asset brokerage platform founded in 2007. Headquartered in Israel, the company serves clients worldwide through its regional offices in various countries, including the United Kingdom, Cyprus, Australia, and the United States.
The platform's primary focus is on social trading, enabling users to copy the trading activities of successful traders. eToro holds regulations from multiple financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC), providing a secure and transparent trading environment for its users.
The best UK crypto trading platform offers a range of asset classes, including stocks, ETFs, forex, and cryptocurrencies. eToro was one of the first platforms to introduce cryptocurrency trading, making it accessible to retail traders. Users can buy and sell a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, among others.
The firm offers both fiat-to-crypto and crypto-to-crypto trading pairs, allowing users to trade in their local currencies. Clients can access over 75 digital currencies on eToro, including popular cryptocurrencies and meme coins.
All cryptocurrencies are paired with the US Dollars, and traders only pay the spread, starting from 0.75% for Bitcoin and 1% for other altcoins. The best part is that you can buy actual cryptocurrencies or trade them as derivatives when dealing with eToro.
This top bitcoin exchange in the UK also provides a built-in wallet for its users, allowing them to store their cryptocurrencies on the platform securely. The company allows users to fund their accounts with various payment methods, including PayPal, debit/credit cards, Neteller, ACH, and domestic bank wires.
There are no deposit fees applicable when funding your account in US Dollars. However, UK clients may incur currency conversion charges for depositing British Pounds. The platform's minimum deposit and trade requirement is only $10 or equivalent, making it easy for traders to invest in digital assets with small amounts of capital.
Another exciting feature of eToro the best UK crypto trading platform is tracking the best and worst-performing cryptos daily. The company also offers investment in Crypto Portfolio with over a dozen digital assets managed and rebalanced by the eToro team.
With eToro user-friendly interface, extensive range of digital assets, and robust security measures, eToro is a reliable and secure platform for trading cryptocurrencies in the UK.
However, the company's customer support is limited. Only clients with premium accounts can access live chat support, while others may contact the company by telephone or email.
- Number of Cryptos — 75+
- Fee Structure — Zero Transaction Fees + Spread
- Fee to Buy Bitcoin — 0.75%
- Minimum Deposit — $10
Pros & Cons of Signing Up With eToro
Pros:
- ✅ eToro is overall best crypto exchange in the UK
- ✅ eToro is a leading social trading platform
- ✅ Holds multiple regulations
- ✅ Has a proprietary trading platform
- ✅ Offers competitive pricing structure
- ✅ Supports multiple payment methods
Cons:
- ❌ Supports fewer digital currencies
- ❌ Offers limited customer support
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
2. OKX - Best Low-Cost Crypto Exchange Worldwide
OKX is one of the UK's most popular decentralised cryptocurrency exchanges, with over 20 million customers in over 200 countries. About 340 crypto tokens, including some lesser-known newcomers, are available for trade on this best UK crypto trading platform.
The leading crypto exchange offers a range of features and services, including a P2P crypto exchange, a built-in crypto wallet on the OKX mobile app, and crypto savings accounts. The crypto trading platform supports various payment options, including credit cards, debit cards, e-wallets, and wire transfers.
One of the most significant advantages of OKX is the low trading fees, starting from just 0.10% for most trades. The company also allows traders to leverage their crypto holdings by borrowing against them at rates as low as 1% APR. This feature mainly benefits those looking to make more significant trades or investments. Clients can also stake their tokens to earn interest rates up to 12% APY.
This top bitcoin exchange in the UK supports instant trade execution for buying coins at your target prices on the market. While the company offers comprehensive charting options for advanced traders, the limit, stop, and conditional orders allow traders to exercise complete discretion over their trades and risk exposure.
Finding new crypto projects is one of our favourite uses for OKX. The exchange frequently updates a list of these assets to help traders identify promising new coins before they become popular. Currently, some of the best new altcoins to purchase on OKX are:
- Flamengo Fan (MENGO)
- Ethereum PoW (ETHW)
- Tamadoge (TAMA)
- Sweatcoin (SWEAT)
- City Chain (CITY)
The OKX mobile app is available to download for free, giving users the flexibility to trade on the go. The platform's security measures are robust, with two-factor authentication and cold wallet storage for user funds. The company also runs promotional campaigns. For instance, those signing up with the exchange can get a chance to win a mystery box worth up to a $10,000 reward.
Overall, OKX has established itself as a reliable and user-friendly platform for cryptocurrency trading. Its low fees, extensive range of trading options, and additional features like staking and borrowing make it an attractive option for beginners and experienced traders and probably one of the best crypto exchanges in the UK.
- Number of Cryptos — 340+
- Fee Structure — 0.10%
- Fee to Buy Bitcoin — 0.10%
- Minimum Deposit — None
Pros & Cons of Signing Up With OKX
Pros:
- ✅ Has a rich product portfolio
- ✅ Offers built-in crypto wallet
- ✅ Employs low pricing structure
- ✅ Allows crypto staking
- ✅ Features user-friendly trading platforms
- ✅ Provides advanced charting tools
Cons:
- ❌ Slow customer support
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
3. Kraken - Top Crypto Trading Exchange with Enhanced Security Measures
Kraken is a San Francisco-based cryptocurrency exchange founded in 2011. The best UK crypto trading platform offers its users a wide range of services and features, making it one of the world's most popular and reputable exchanges. Kraken's trading platform is highly sophisticated and user-friendly.
The exchange allows users to trade cryptocurrencies, including Bitcoin, Ethereum, Litecoin, etc. The exchange has trading pairings for about 200 coins, and the costs for the most popular trading tokens are quite low (1.5% if you use a stablecoin and 0.9 % when using fiat currency).
Signing up with this top bitcoin exchange in the U is straightforward, though you must complete the KYC process. Concerning deposits, the platform supports several fiat currencies, including USD, EUR, CAD, and GBP, making it easy for users to deposit and withdraw funds.
For advanced traders, Kraken offers several features, such as margin trading, which allows users to borrow funds to increase their buying power. Additionally, the platform offers advanced order types such as stop-loss orders, take-profit orders, and trailing stop orders. For high-volume traders, Kraken also offers OTC (over-the-counter) trading.
Futures trading for Bitcoin and Ethereum is also available on Kraken, allowing users to speculate on the future price of these cryptocurrencies. Staking services for cryptocurrencies is yet another feature that enables users to earn interest on their holdings. The platform's mobile app is available for iOS and Android, allowing users to access their accounts without compromising the need for mobility. The app offers a user-friendly interface and includes many of the same features available on the desktop platform.
The company seems committed to complying with regulatory frameworks and operates under several regulatory bodies. In addition to registration with the Financial Crimes Enforcement Network (FinCEN) in the United States, the company holds regulations from the Financial Conduct Authority (FCA) in the United Kingdom.
Additionally, Kraken has a license from the Japan Financial Services Agency (JFSA) and is registered as a Money Services Business (MSB) with the Canadian Financial Transactions and Reports Analysis Centre (FINTRAC).
Further, this best crypto exchange in the UK employs two-factor authentication, adding an extra protection layer to users' accounts. Moreover, the firm stores most users' funds in offline "cold storage," preventing unauthorised access to these funds.
The crypto exchange has received positive reviews from UK clients. Many users have praised Kraken's easy-to-use interface, fast trading speeds, and advanced order types. Additionally, users appreciate the exchange's commitment to regulatory compliance and robust security measures, which provide added peace of mind when trading and storing their cryptocurrencies.
In short, Kraken is a highly reputable and secure cryptocurrency exchange that offers its users a wide range of services and features. Its commitment to regulatory compliance and robust security measures make it a popular choice for cryptocurrency traders and investors. The positive feedback from UK clients is a testament to the quality of the service provided by Kraken, making it one of the best crypto exchanges in the UK.
- Number of Cryptos — 185+
- Fee Structure — 3.75% + $0.25
- Fee to Buy Bitcoin — 1.5% with stablecoin or 0.9% with USD
- Minimum Deposit — $1
Pros & Cons of Signing Up With Kraken
Pros:
- ✅ Robust regulatory framework
- ✅ Prioritizes security as the topmost concern
- ✅ Has a clean record amid cyber attacks
- ✅ Allows small initial deposits
- ✅ Employs low transaction costs
Cons:
- ❌ Offers limited educational material
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
4. Bitstamp - Most Affordable Crypto Exchange with Outstanding Trading Tools
Bitstamp is a cryptocurrency exchange founded in 2011 by Nejc Kodri and Damijan Merlak. This top crypto trading platform UK is headquartered in London and has regional offices in New York and Slovenia.
The trading crypto platform provides a reliable and secure way for users to buy and sell digital currencies, and it quickly gained popularity among cryptocurrency enthusiasts.
Besides allowing clients to trade a range of cryptocurrencies, including Bitcoin, Ripple, Litecoin, and Bitcoin Cash, the exchange supports fiat currency trading in USD, EUR, GBP, and CHF.
This top crypto exchange UK offers a user-friendly trading platform that is easy to navigate. Bitstamp.net and Bitstamp Tradeview, two of its web-based platforms, are user-friendly for both inexperienced and seasoned investors. Bitstamp.net is perfect for newcomers because of its simple design and user-friendly tools. On the other hand, Bitstamp Tradeview comes with enhanced functionality and an eye toward professional traders.
This best UK crypto trading platform’s proprietary app for iOS and Android caters to people who would instead trade on the go. Additionally, the platform provides users with real-time market data, trading charts, and trading tools. Bitstamp also supports API trading, a popular feature among professional traders.
While opening an account with the crypto trading platform in the UK is a relatively simple process, the exchange's $20 sign-up bonus is a fantastic incentive for anyone eager to construct a cryptocurrency portfolio.
Bitstamp's fee structure is competitive and starts at 0.50% per trade. However, users who exceed $10,000 in monthly trading volume can qualify for a discounted fee of 0.25%. UK-based users can fund their accounts for free using ACH transfer, and this payment method is also available for free withdrawals. Hence, users can enjoy low costs and save money when trading and withdrawing funds at Bitstamp. Other supported deposit and withdrawal methods include bank transfers, debit and credit cards.
Bitstamp provides users with various educational resources, including a blog, a FAQ section, and a knowledge base. These resources cover multiple topics, including cryptocurrency trading, security, and regulation. While the firm's customer support remains accessible round the clock, clients can contact the support team via email or live chat.
- Number of Cryptos — 70+
- Fee Structure — 0.5% per transaction
- Fee to Buy Bitcoin — 0.5%
- Minimum Deposit — N/A
Pros & Cons of Signing Up With Bitstamp
Pros:
- ✅ Supports 50+ digital assets
- ✅ Offers free deposits
- ✅ Provides flexibility in the selection of trading platforms
- ✅ It doesn't charge for withdrawals
Cons:
- ❌ It doesn't feature lending services
- ❌ It doesn't support crypto staking
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
5. Coinbase - Most Suitable Crypto Exchange for Beginners
Coinbase is a leading cryptocurrency exchange founded in 2012 by Brian Armstrong and Fred Ehrsam. The company has since expanded to multiple countries and is a popular choice for new and experienced traders. With Coinbase, buying and selling cryptocurrency has never been easier or more accessible.
While signing up for an account is quick and straightforward, you can easily purchase a variety of cryptocurrencies using your debit or credit card, including XRP and Ethereum, among others.
However, this top crypto exchange UK often faces critics amid its costly pricing structure. For instance, it charges a 3.99% fee when using a debit or credit card. However, you can also fund your cryptocurrency purchase using an ACH deposit and pay a lower commission of 1.49%. While cheaper than other options, this is still above average.
Coinbase also provides customers with a safe digital wallet for storing, sending, and receiving cryptocurrencies. With Coinbase's new Visa debit card, customers may make online and in-store purchases, and it offers bitcoin cash-back benefits. Moreover, clients can stake their cryptocurrency on Coinbase and receive incentives regularly. This crypto trading platform in the UK also facilitates institutional investors by providing trading and custodial services.
Coinbase provides a variety of educational resources aimed at helping people learn more about cryptocurrencies and the blockchain ecosystem.
These resources include Coinbase Learn, a free educational resource centre featuring courses, videos, and articles on buying, selling, and trading cryptocurrencies and staying safe while investing in digital assets. The Coinbase blog, YouTube channel, podcast, and FAQs section provide additional insights and information about the latest trends and developments in the cryptocurrency world.
- Number of Cryptos — 100+
- Fee Structure — Transaction Fee + Spread
- Fee to Buy Bitcoin — Transaction fee based on payment method/volume + 0.5% spread
- Minimum Deposit — No minimum deposit stated
Pros & Cons of Signing Up With Coinbase
Pros:
- ✅ Offers user-friendly trading terminal
- ✅ It has a rich educational library
- ✅ Supports multiple payment options
- ✅ Employs advanced security protocols
Cons:
- ❌ Has an expensive pricing structure
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
6. Huobi - Finest Cryptocurrency Trading Platform for Retirement Funds
Huobi is another leading cryptocurrency exchange founded in 2013. With its head office in Singapore, the firm operates through its regional offices worldwide, including Japan, South Korea, the United Kingdom, and the United Arab Emirates.
Huobi supports trading in a wide range of cryptocurrencies, including Bitcoin, Litecoin, Solana, Dodge Coin, Ethereum, and more. The exchange offers multiple trading platforms, including Huobi Global, Huobi Lite, and Huobi Futures, designed to cater to different types of users and trading styles.
The account opening procedure is relatively straightforward. However, users registering on the platform must complete the KYC (Know Your Customer) verification process before starting. Once verified, users can deposit funds into their accounts and start trading cryptocurrencies.
The best crypto exchange in the UK charges trading fees that vary depending on the user's trading volume and the trading platform they use. The crypto exchange employs a maker/taker charging model for buying and selling cryptocurrencies. On average, the platform charges 0.2%, with lower rates available for more significant trade volumes.
The top bitcoin exchange in the UK takes safety measures seriously and uses advanced security protocols, such as two-factor authentication, to protect user accounts and transactions. The exchange stores users' funds in cold storage, which helps to reduce the risk of theft.
Those looking for a passive income stream may find the exchange quite appealing. That's because the platform offers crypto savings accounts, where you may earn interest on your dormant holdings. For instance, the annual percentage yield (APY) on USDT can reach 6.50%, whereas the APY on Bitcoin can get up to 2.88%.
The company has a reputation for providing good customer support and offers a support ticket system for users who require assistance. The platform also has an active social media presence and offers updates and announcements through its official Twitter and Telegram channels.
- Number of Cryptos — 300+
- Fee Structure — 0.2% transaction fee
- Fee to Buy Bitcoin — 0.2% (reduction if you hold Huobi Token)
- Minimum Deposit — $100
Pros & Cons of Signing Up With Huobi
Pros:
- ✅ Charges low commission
- ✅ Supports derivative trading
- ✅ Rich product portfolio
- ✅ Offers saving accounts
Cons:
- ❌ Has no regulations
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
7. KuCoin - One of the Best Crypto Exchanges in the UK Known for Low Spreads
Founded in 2017, KuCoin comes at number seven in the list of best crypto exchanges in the UK. With its head office in Singapore, the platform serves clients worldwide through its regional offices in Thailand, China, the Philippines, etc. KuCoin is known for its user-friendly interface, low trading fees, and comprehensive cryptocurrency offerings.
This top crypto exchange UK supports over 700 cryptocurrencies, including popular coins such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC) and other altcoins. Besides competitive pricing, the broad selection of cryptocurrencies makes the platform attractive for both newbies and experienced cryptocurrency traders.
The platform offers a variety of payment options to provide flexibility for users who want to deposit funds into their accounts. Bank transfers, credit and debit cards, and well-known digital wallets like PayPal, Skrill, and Neteller are just a few of the payment options the company accepts for fund deposits.
KuCoin offers a web-based trading platform and mobile apps for both iOS and Android devices. The trading platform is user-friendly and provides various trading tools for technical analysis, charting, and order management. The mobile apps allow users to trade on the go and control their positions with one-click trading.
KuCoin's trading fees are among the lowest in the industry, with a flat fee of 0.1% for all trades. There is no distinction between market makers and takers, and the platform offers a tiered fee structure based on the volume of transactions made over 30 days. Hence it may benefit higher-volume traders, allowing them to take advantage of lower trading fees.
KuCoin offers several other services to its users, including a lending platform, staking services, and margin trading. Users can also participate in KuCoin's referral program and earn rewards for inviting new users to the exchange. These additional services give users more options for managing their investments and potentially increasing their returns.
This best UK crypto trading platform offers customer support through various channels, including email, live chat, and social media. The platform also has an extensive educational section with plenty of valuable resources for clients, including FAQs, tutorials, and troubleshooting guides. The exchange's quick support system also helps users resolve issues timely.
In short, KuCoin is a reputable and user-friendly platform for exchanging cryptocurrencies, with a wide range of services and affordable trading costs. Rookie and expert cryptocurrency traders will likely find it an appealing alternative due to its wide selection of cryptocurrencies, flexible payment methods, and sound security protocols.
- Number of Cryptos — 700+
- Fee Structure — 0.1% Per Trade
- Fee to Buy Bitcoin — 0.1% Per Trade
- Minimum Deposit — $5
Pros & Cons of Signing Up With KuCoin
Pros:
- ✅ Offers user-friendly interface
- ✅ Has a rich product portfolio
- ✅ Supports crypto staking
- ✅ Provides budgeted trading solutions
Cons:
- ❌ Supports fewer payment methods
- ❌ Limited educational resources
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
8. Bybit - One of the Best Crypto Exchanges in the UK Known for Low Spreads
Bybit is also one of the best crypto exchanges in the UK, founded in 2018. With over 10 million customers in 160 countries, the company is the favourite choice for crypto traders worldwide. The crypto trading platform offers clients a comprehensive suite of investment products and solutions. In addition to trading cryptocurrencies, clients can access investment products such as mutual funds, ETFs, options, and futures contracts.
The top bitcoin exchange in the UK supports 100+ crypto assets like Bitcoin, Litecoin, Ethereum, etc. With a vast selection of investment products, clients can easily tailor their investment strategies to their unique goals and risk tolerance, achieving portfolio diversification for a well-rounded financial future.
Its advanced trading technology is highly intuitive, user-friendly, and customisable, empowering clients to analyse market data and execute trades confidently. The firm also boasts about its competitive pricing model. Instead of charging a spread on buys and sells, this leading platform charges fees to makers and takers. Spot trading commissions are roughly 0.1%, while limit orders rebates average around 0.025%.
Notably, the exchange's users benefit from not going through the tedious KYC (know-your-customer) procedure. Unless you wish to withdraw more than 2 BTC each day, which is more than most traders need, you do not need to provide the supporting documents for your identity or address verification. Also, there is no minimum deposit requirement to sign up for an account with Bybit.
The comprehensive account management services, including portfolio management, retirement planning, and wealth management solutions, are some of the critical features of the crypto exchange.
While the portfolio management service allows clients to delegate investment decisions to seasoned portfolio managers, the retirement planning and wealth management solutions provide guidance and support for planning financial futures. Baybit is also dedicated to educating clients on trading and investment, providing daily market analysis, commentary, webinars, and seminars on trading strategies and investment concepts.
Overall, Baybit's commitment to excellence is reflected in its comprehensive offerings, advanced technology, and dedication to client education and account management services. As a result, it is a desirable option for clients of all levels of experience looking to secure their financial future. Moreover, the platform's user-friendly interface and comprehensive insurance policy against financial losses make it a safe bet for derivatives trading.
- Number of Cryptos — 100+
- Fee Structure — 0.1%
- Fee to Buy Bitcoin — 0.1%
- Minimum Deposit — $0
Pros & Cons of Signing Up With ByBit
Pros:
- ✅ Employs state-of-the-art technology
- ✅ Supports multiple order types
- ✅ Offers a leverage of up to 1:100
Cons:
- ❌ Low privacy
- ❌ Non-ideal for spot trading
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
9. CoinJar - Best Exchange for Professional Crypto Traders
CoinJar is a trusted crypto trading platform worldwide. The company has been serving around for almost a decade. By prioritising the safety and convenience of its customers, the firm has swiftly become the premier cryptocurrency exchange in the UK.
CoinJar's dedication to following all applicable laws and regulations is one of its most compelling aspects. The exchange is registered as an Electronic Money Institution with the UK's Financial Conduct Authority (FCA).
The firm offers flexible trading services to meet the needs of both inexperienced and seasoned investors. However, the platform's product listing is way smaller than most crypto exchanges. For instance, it only supports 58+ crypto assets, including but not limited to Bitcoin (BTC), Stellar (XLM), Ethereum (ETH), USD Coin (USDC), etc.
There is a unique feature called the CoinJar Bundle. It allows users to acquire many cryptocurrencies with a single payment. If you're a crypto trader looking to expand your holdings, a bundle may be the way to go. Users can save money on transaction costs and time shopping for cryptocurrency by purchasing in bulk through bundles.
This best UK crypto trading platform has hand-picked all of the coins in a CoinJar bundle. Notably, you can also unbundle your desired crypto assets within the pack and buy or sell them at any time individually.
While the platform's straightforward layout and simple controls simplify digital currency trading for newcomers, the advanced trading capabilities, such as limit and stop-loss orders, access to real-time market data, and price charts, will appeal to more experienced traders.
Customers signing up from the UK can transfer money into their accounts via bank transfers, debit cards, and credit cards and make deposits and withdrawals in GBP without being charged any fees. However, a modest percentage cost is associated with trading on CoinJar, and a somewhat higher price is associated with buying cryptocurrency via the Quick Purchase feature.
While the crypto exchange doesn’t employ any threshold for minimum deposits, it has
a relatively cheap taker and maker pricing model, i.e. 0.02% to 0.10%, depending on the transactional volume. As your volume of trades increases, so does your discount.
Clients may incur up to a 2% fee when buying cryptos using credit or debit cards. On the other hand, converting your digital assets into fiat currencies or other cryptocurrencies will cost you a 1% fee of the transactional volume.
However, the crypto exchange refunds an amount equal to 1% of purchases to customers using a CoinJar card. Also, the exchange's native crypto debit card enables users to spend and earn CoinJar Rewards on their digital assets. For example, five cryptocurrencies (ETH, USDC, USDT, DAI, and WBTC) are eligible for up to 0.10% annual interest via CoinJar Earn.
Concerning customer support, the firm features an extensive FAQ section. Whenever a user has a query, they should look it up in the Knowledge base. However, there is no way to contact the company via telephone or email except for the online form.
- Number of Cryptos — 58+
- Fee Structure — 0.02% to 0.10%
- Fee to Buy Bitcoin — 0.02% to 0.10%
- Minimum Deposit — $10
Pros & Cons of Signing Up With CoinJar
Pros:
- ✅ Robust Security Setup
- ✅ Offers debit card for crypto spending
- ✅ Competitive pricing structure
- ✅ Supports crypto bundle purchase
Cons:
- ❌ No sign-up bonuses
- ❌ Operational in limited jurisdictions
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
10. CEX.IO - Best Platform for Exchange Of Value
CEX.IO is a well-known crypto trading platform that has been around since 2013. It is a UK-based cryptocurrency exchange that started in London but now serves more than 180 nations worldwide. The company provides several features, including cryptocurrency trading, margin trading, and brokerage services, to its customers.
In addition to its crypto trading platform in the UK, CEX.IO offers a crypto-backed loan program, a payment gateway for merchants, and a staking service for users to earn passive income on their crypto holdings. Moreover, numerous trading tools are available on the site, including in-depth charting and analytical tools, price alerts, and a trading robot.
The company has gained a reputation as a reliable and secure platform with a strong focus on compliance and regulation. The platform is registered with FinCEN in the US and licensed by the UK's Financial Conduct Authority (FCA). It also follows strict security protocols to protect its users' funds and personal information.
While the platform supports trading in a wide range of cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Ripple (XRP), Stellar (XLM), and more, clients can also trade fiat currencies such as USD, EUR, GBP, and RUB at CEX.IO.
The crypto exchange's fee structure is relatively straightforward. The platform charges a 0.25% fee from Takers and a 0.15% fee from Makers on trades. However, with the growing volume of transactions, this fee gets reduced to zero. The platform also charges deposit and withdrawal fees that vary with your selected payment method.
For instance, the company charges between 2.99% and 3.99% in addition to service charges for most payment methods. On the other hand, a flat fee of $2.99 is applicable on Swift and SEPA transfers.
Signing up with the crypto exchange is relatively easy. You only need to deposit $20 or equivalent to get started. The company is committed to ensuring its users' safety and provides several safeguards for their money and data. To trade on the platform, users must first undergo a verification process that ensures compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) standards.
The platform keeps most of its funds in offline cold storage, making them less susceptible to online attacks. The firm provides further safeguards, including multi-signature wallets and two-factor authentication (2FA).
The top Bitcoin exchange in the UK seems committed to providing its users with a pleasant and instructive experience through various educational tools and available customer service channels. While the company offers a ticketing system for users to submit inquiries or report issues, clients can also contact the firm using telephone, email or live chat.
- Number of Cryptos — 200+
- Fee Structure — 0.25% Taker - 0.15% Maker
- Fee to Buy Bitcoin — 0.25% Taker - 0.15% Maker
- Minimum Deposit — $20
Pros & Cons of Signing Up With CEX.IO
Pros:
- ✅ Simple to use even for beginners
- ✅ Allows the exchange of Bitcoin for other currencies
- ✅ Supports signups using social media profiles
Cons:
- ❌ Slow customer support
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
The Best Crypto Exchanges in the UK Compared
To assist you in making the right decision regarding which platform to use, we have provided a comparison chart that lists 10 leading cryptocurrency exchanges available to UK clients.
| Name Of Exchange | No. Of Coins | Debit Card Fee | Trading Fees | Proprietary Wallet |
|---|---|---|---|---|
| eToro | 70+ | 0.50% | Spread From 0.75% | ✅ |
| OKX | 340+ | Not specified | 0.10% | ✅ |
| Kraken | 50+ | N/A in US | 0.26% | ✅ |
| Bitstamp | 50+ | 5% | 0.5% | ❌ |
| Coinbase | 150+ | 3.99% | 1.49% | ✅ |
| Huobi | 300+ | Not stated | 0.20% | ✅ |
| Kucoin | 700+ | None | 0.08% - 0.1% | ✅ |
| Baybit | 100+ | None | 0.01% - 0.10% | ✅ |
| CoinJar | 58+ | None | 0.02% - 0.10% | ✅ |
| CEX.IO | 200+ | Not Stated | 0.00% - 0.25% | ✅ |
What Is A Crypto Exchange?
A cryptocurrency exchange is an online platform that allows users to buy, sell, and trade cryptocurrencies. It acts as a marketplace for buyers and sellers to meet and transact with each other, and it typically charges a fee for its services.
Crypto exchanges have become increasingly popular in recent years due to the rise in the use of cryptocurrencies and the demand for a secure and reliable way to trade them.
In the UK, crypto exchanges are subject to regulation by the Financial Conduct Authority (FCA). The FCA oversees the operation of exchanges to ensure that they comply with applicable laws and regulations, such as anti-money laundering (AML) and know-your-customer (KYC) requirements. The purpose of regulations is to provide users with a sense of security against fraud, theft, and other forms of abuse.
Best crypto exchanges in the UK typically offer a range of services, including trading pairs between cryptocurrencies and fiat currencies. They also provide tools and features such as order types, charts, and technical analysis to help users make informed trading decisions. Many exchanges also offer mobile apps, making it easy for users to access their accounts and trade cryptocurrencies.
When choosing a crypto exchange in the UK, it is crucial to consider several factors, such as the exchange's security measures, trading fees, customer support, and reputation, among other users.
A good crypto exchange should have robust security protocols to protect users' funds from theft and hacking and a good reputation for reliability and customer support. Additionally, it should offer competitive trading fees and a wide selection of cryptocurrencies to trade.
How Do Crypto Exchanges Work?
Crypto exchanges provide a marketplace for individuals to exchange cryptocurrencies with other users or fiat currency, such as British Pounds (GBP), US Dollars (USD) or Euros (EUR). Let's make things more simple.
Accounts and Funding
Opening an account with a crypto exchange and funding it is the first step to using a crypto exchange. The account registration process typically involves providing your personal information, such as your name, email address, and date of birth, and completing the platform's KYC (Know Your Customer) verification process, which requires identification documents, such as a passport or driver's license. You must also submit a copy of your utility bill or bank statement for address confirmation.
It's important to note that each exchange may have unique rules and regulations around account creation and funding. Some exchanges may require additional documentation or have minimum deposit amounts. It's essential to research each exchange thoroughly before creating an account and depositing funds.
Once your account is verified, you can fund your account with fiat currency or cryptocurrencies. Most exchanges support bank transfers, debit or credit cards, and online payment platforms like PayPal or Skrill. Some crypto exchanges may support other funding methods, such as cash deposits or direct debits.
Markets
After funding your account, you can access the markets and start trading. Crypto exchanges typically offer a variety of cryptocurrency trading pairs, such as BTC/USD or ETH/GBP. A trading pair is a combination of two currencies that you can trade against each other. For example, if you want to buy Bitcoin with GBP, you would look for the BTC/GBP trading pair.
Each trading pair has a corresponding order book, which displays all of the buy and sell orders for that pair. A buy order is an instruction to buy a cryptocurrency at a specific price, while a sell order is an instruction to sell a cryptocurrency at a particular price. The order book shows the highest buy order (known as the "bid") and the lowest sell order (known as the "ask") at any given time.
Orders
To buy or sell a cryptocurrency, users must place an order on the trading platform. There are different types of orders available, including:
- Market Orders: A market order is to buy or sell a cryptocurrency at the current market price. Market orders are executed immediately, and the user will receive the current market price for the cryptocurrency.
- Limit Orders: A limit order is buying or selling a cryptocurrency at a specific price. The order gets executed if the market price reaches the specified price. If the market price does not reach the specified price, the order will remain open until it is cancelled or expires.
- Stop Orders: A stop order is an order to buy or sell a cryptocurrency when the market price reaches a specific price. If the market price reaches the stop price, the order automatically gets executed at the target price.
How To Choose The Best Crypto Trading Platform For You
If you're looking to start trading cryptocurrencies in the UK, one of the most important decisions you'll need to make is choosing the right trading platform. Several crypto platforms in the UK have different features, fees, and regulations. To help you choose the best platform for you, here are some factors to consider:
Regulatory Framework
The first thing to consider when choosing a top crypto trading platform in the UK is regulation. The Financial Conduct Authority (FCA) regulates crypto exchanges and trading platforms in the UK. The regulator ensures that trading platforms follow strict rules and guidelines, such as anti-money laundering regulations and consumer protection laws.
Before choosing a trading platform, check if it is registered with the FCA. You can do this by visiting the FCA's website and searching for the platform's name. If the platform is registered, it should display its FCA registration number on its website.
Supported Cryptos
Another critical factor to consider is the range of cryptocurrencies available on the platform. Some platforms offer a wide range of cryptocurrencies, while others may only offer a few.
Ensure the exchange you choose provides the cryptocurrencies you're interested in trading. It's also important to note that some platforms may require you to trade in specific cryptocurrency pairs, such as Bitcoin to Ethereum, while others may allow you to trade any cryptocurrency pair.
Trading & Non-Trading Fees
Fees are another important consideration when trying to find a top crypto exchange UK. Most platforms charge fees for trading, deposits, and withdrawals. Make sure to check the platform's fee structure before signing up. Look for crypto exchanges with low trading fees and transparent pricing structures.
Some platforms may also offer discounts on fees if you hold a certain amount of their native token or trade frequently. Consider these factors when evaluating the overall cost of using a trading platform.
Deposit/Withdrawals
When choosing the best crypto exchange in the UK, considering the ease and speed of deposits and withdrawals is important. Some exchanges may have minimum deposit or withdrawal amounts, while others may have extended processing times. Check the platform's deposit and withdrawal options, such as bank transfers or credit/debit card payments. Some crypto exchanges also allow you to deposit and withdraw cryptocurrencies directly.
Trading Commissions
Considering the trading commissions charged by the platform is also crucial. Trading commissions are the fees charged for executing a trade. Remember that a few top crypto exchanges UK charge a percentage of the trade amount, while others charge a flat fee. Don’t forget to check the size and frequency of your trades when evaluating the impact of trading commissions on your overall profits.
Spreads
The spread is the difference between a cryptocurrency's buy and sell price on a trading platform. A narrower spread means lower transaction costs, improving your overall profitability. Some of the best crypto exchanges in the UK may offer fixed or variable spreads. You must take into account the platform's spread when evaluating the cost of trading.
Wallet
A crypto wallet is a secure digital wallet that stores, send, and receives cryptocurrencies. Some trading platforms may offer their own wallets, while others may require you to use an external wallet. Considering the platform's wallet's security and ease of use when evaluating the platform can be helpful in selecting the right platform.
Available Tools and Other Features
Some crypto trading platforms in the UK offer advanced tools and features to help you trade cryptocurrencies more effectively. These may include technical analysis tools, news and research resources, and social trading features. Pay attention to the platform's tools and features when deciding to sign up with it.
Mobile Apps
Mobile apps can allow you to trade cryptocurrencies on the go, which can be helpful if you're often away from your computer. A mobile app's user interface (UI) and user experience (UX) can significantly impact your ability to trade cryptocurrencies on the go.
Look for crypto apps with clear and intuitive menus and features that are easy to navigate and use. Consider the platform's mobile-specific features, such as push notifications, touch gestures, and voice commands, to enhance the overall trading experience.
Pricing Alerts
Pricing alerts can help you keep track of changes in cryptocurrency prices, which can help you make informed trading decisions. Some of the top crypto exchanges UK may offer pricing alerts via email, SMS, or push notifications. You should check the availability and customizability of pricing alerts when evaluating the platform.
Charting Tools
Charting tools can help you visualise cryptocurrency price movements, which can help make trading decisions. Some crypto trading platforms in the UK may offer advanced charting tools, such as candlestick charts and technical indicators. Make sure to check the usability of charting tools when evaluating the platform.
Passive Trading Tools
Some crypto trading platforms in the UK, like eToro, offer passive trading tools, such as automated trading bots or copy trading features. These tools can allow you to trade cryptocurrencies without constantly monitoring the markets. Consider the availability and performance of passive trading tools when evaluating the platform.
Customer Service
Finally, check the quality and availability of the trading platform's customer service. Look for trading platforms with responsive and helpful customer service teams to assist you with any issues or questions.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
How to Use the Best Crypto Exchanges in the UK?
Now that you know much about how top crypto exchanges UK work and what you need to consider when selecting a crypto exchange. Let's talk briefly about how to use a crypto exchange and proceed with your first crypto purchase.
Step 1: Open an Account
You need to visit your preferred trading platform and access its signup page. For instance, you wish to open an account with eToro. Visit www.etoro.com and click on the signup button. Enter your details on the registration form to proceed further.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Step 2: Complete KYC
Before buying cryptocurrencies on eToro or any other trading platform, complete the KYC process. It involves uploading supporting documents, such as National ID Card, Passport, or Driving License, for identity verification. You must also submit proof of residence using a copy of your utility bill or bank statement.
Step 3: Fund Your Account
Top crypt exchanges UK may have different deposit requirements. For eToro, you must deposit a minimum of $10 or equivalent. Although the platform doesn't charge a deposit fee, UK clients adding funds to their accounts in GBP may incur currency conversion charges.
Step 4: Make A Crypto Purchase
After having funds in your trading account, you can make your first purchase. To quickly find the ticker symbol of a cryptocurrency you desire to purchase, such as BTC, type the ticker symbol into the search bar. Enter the desired investment amount and click trade.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Latest Crypto Exchange News
- The Commodity Futures Trading Commission has filed a lawsuit against Binance and its founder, Changpeng Zhao, alleging that the company and Zhao broke compliance standards in an attempt to onboard US clients.
- CEX.IO Receives "Best Overall DeFi Platform" Award from FinTech Breakthrough Awards for the Second Year in a Row.
- To further fortify the security, KuCoin announced a $1,000,000 bug bounty program on HackenProof.
Conclusion - Best Crypto Exchange UK
The United Kingdom is a notable market for cryptocurrencies, with various exchanges available to novice and experienced traders. The guide reviews the top 10 best crypto exchanges in the UK. Each exchange has unique benefits, such as low trading fees on OKX, a user-friendly interface on Coinbase, and advanced trading options on Kraken.
However, owing to increased risk exposure in crypto trading, investors should prioritize security measures like two-factor authentication and hardware wallets when selecting an exchange. Undoubtedly, the UK's crypto exchange ecosystem is promising for traders and investors, and the exchanges are likely to continue innovating to meet market needs.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
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FAQs Crypto Exchanges UK
Which is the best cryptocurrency exchange in the UK?
It's subjective and depends on individual needs and preferences. Some of the best crypto exchanges in the UK include Coinbase, Kraken, eToro, and Bitstamp.
What is the most reliable Bitcoin exchange?
Many exchanges are good for Bitcoin, including Coinbase, Kraken, and Binance. These top crypto exchanges UK allow users to buy and sell Bitcoin and other cryptocurrencies and offer various trading options and security features.
Which crypto exchange is safest in the UK?
It is difficult to definitively declare any single Bitcoin exchange as the "safest" in the UK, as the safety of a crypto exchange depends on various factors such as its security measures, regulatory compliance, and reputation. However, some of the UK's most popular and well-regarded crypto exchanges include eToro, Coinbase, and Bitstamp.
What is the biggest crypto exchange?
The biggest crypto exchange, in terms of trading volume and user base, is currently Binance. However, it may not be available for UK clients.
Which crypto exchange has the lowest fees?
The crypto exchange with the lowest fees can vary depending on different factors, such as the volume of transactions and currency being traded. However, a few of the top crypto exchanges in the UK known for their low fees include Kraken and Coinbase.
Are crypto exchanges in the UK regulated?
Yes, crypto exchanges in the UK are regulated by the Financial Conduct Authority (FCA) under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Crypto exchanges in the UK must comply with strict regulations to ensure the safety and security of their user's funds.
What cryptocurrencies can I trade on UK crypto exchanges?
Most UK crypto exchanges offer multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and many more. Some crypto exchanges may have more limited selections, so checking which cryptocurrencies are supported before choosing an exchange is important.
What are the fees for trading on UK crypto exchanges?
Fees can vary depending on the specific exchange and transaction, but the majority of the top crypto exchanges UK crypto charge fees for trading, deposits, and withdrawals. These fees can range from a percentage of the transaction value to a flat fee. Some exchanges also offer discounted fees for high-volume traders.