Best Crypto Exchanges UK in 2023 – Compare Crypto Trading Platforms
Best Crypto Exchanges UK: There are a number of crypto exchanges that make it possible for investors in the UK to purchase digital currencies using pounds.
We have evaluated and ranked the top 10 cryptocurrency exchanges in the United Kingdom based on a range of criteria, including the coins they support, the rules they adhere to, the fees they charge, the payment methods they accept, and how user-friendly their platform is.
Continue reading to learn how you can begin using a Bitcoin exchange in the UK that is regulated by the FCA in just five minutes.
What is a Cryptocurrency Exchange?
Have you ever wanted to know how to get Bitcoin in the UK? People in the UK can buy and sell digital assets like Bitcoin, Dogecoin, and Litecoin on crypto platforms. In a lot of ways, crypto exchanges work the same way that sites for trading stocks do.
- For example, the investor will need to sign up for an account with the crypto exchange of their choice before they can make a payment.
- The best places to buy and sell cryptocurrencies accept debit and credit cards, bank transfers, and even e-wallets.
- After putting money into an account, a trader can choose which crypto assets to buy.
When a client puts in a buy or sell order, the crypto exchange will get a fee.
The 10 Best Uk Cryptocurrency Exchanges
Overall Best UK Crypto Exchange (FCA Regulated): eToro
Bitcoin and other cryptocurrencies are safest to buy on a regulated exchange or top UK Bitcoin broker. The FCA, SEC, ASIC, and CySEC regulate eToro.
EToro has 30 million users since 2007. Opening an eToro account is easy, and deposits under €2,000 (£1,700) require no ID. UK debit/credit card deposits at eToro are instant. PayPal, Skrill, and other e-wallets work like bank transfers, which take a day or two. Unlike many UK crypto exchanges, eToro charges 0.5% on GBP deposits.
Some exchanges charge 4-5% deposits. Trading fees are cheap on eToro. Sell coins for 1%. Applying to all 70+ eToro coins. Dogecoin, Decentraland, Bitcoin Cash, Ethereum, and Cardano are popular eToro Bitcoin alternatives.
UK investors can buy and sell bitcoin via eToro’s mobile app. This app supports iOS and Android. You know eToro’s UK crypto wallet app is best? Crypto investors can protect tokens. The best is eToro’s free GBP deposits. Crypto smart portfolios attract eToro beginners. Several target crypto businesses. Smart portfolio Coinshares France SAS weighs Bitcoin, BNB, Cardano, Litecoin, and Ethereum.
On eToro, savvy investors are passive. Copy trading is another eToro passive investment. Investors can duplicate traders’ buy and sell orders through imitation trading. eToro has thousands of certified traders and $200 minimum investment.
Note that eToro goes beyond crypto exchanges. The site offers thousands of commission-free UK and foreign equities and ETFs. British traders can trade forex, indices, and commodities CFDs. Finally, UK residents can deposit $10 (£8) at eToro.
Trade Hundreds of Crypto Assets for 0.1% Commission on Binance
Binance, founded in 2017, is the largest crypto exchange. This includes registered account holders, daily trading volume, and liquidity. UK investors who trade crypto actively should use Binance. The Binance exchange has over 350 coins and cheap trade fees.
Indeed, 13 pairs can now be traded commission-free. This includes BTC/GBP, a significant plus. Other pair trading commissions start at 0.1% per slide. Increased trading volume lowers fees.
Paying commissions in Binance-native BNB coins gets a 25% discount. Binance promptly processes UK debit/credit cards after a fast KYC check. This costs 1.8%. We found that UK bank transfers are better. This will lower the deposit cost to £1 and credit the money within 5-10 minutes.
Three proprietary Binance wallets store crypto tokens. Custodial Binance web and mobile wallets do not let users control their private keys. This option has cold storage, two-factor authentication, and SAFU insurance. Binance has a decentralized Trust Wallet app.
OKX: Low-Cost Crypto Exchange with Passive Income Tools
Low-cost crypto exchange OKX supports hundreds of digital currencies. Bitcoin, Dogecoin, Bitcoin Cash, Stellar, Filecoin, and Polygon are included. Buy and sell crypto on OKX for 0.1% per slide. When trading volumes rise, fees drop, like Binance.
OKX’s advanced trading suite has many tools. This features TradingView integration for technical indicators, sketching tools, and more. OKX enables debit/credit card purchases, making it suitable for novices.
Minimum card purchase is £9. OKX does not disclose its debit card costs, thus they are likely included in the crypto’s pricing. OKX offers numerous passive income options. OKX’s crypto savings accounts have an estimated 10% APY on Tether and USD Coin and 5% on Bitcoin and Ethereum.
These rates are adjustable, so crypto assets don’t need to be locked up. OKX offers staking with greater APYs. ATOM can be staked at 35.76% with a 120-day lock-up. OKX offers a non-custodial wallet and a decentralized exchange.
Popular Crypto Exchange for Beginners: Coinbase Debit Cards Accepted
Coinbase was founded in 2012 and has over 100 million investors. This crypto exchange is good for newbies, although Coinbase fees are exorbitant. Coinbase allows UK investors to buy Bitcoin with a debit card, but it costs over 4%.
This includes the trading commission, however, it’s far higher than eToro’s 0.5%. UK investors can deposit funds via bank transfer for free.
Crypto trading will incur a 1.49% charge. Coinbase has industry-leading two-factor authentication for account logins. Coinbase adds security checks when signing in from an undiscovered device. This crypto exchange cold stores 98% of client crypto assets. The iOS and Android Coinbase app is a crypto wallet.
Buy and Sell Over 500 Crypto Assets with Low Fees on Huobi
Huobi is a world exchange that UK investors are getting more and more interested in. One of the main reasons for this is that Huobi offers more than 500 different crypto assets.
This will be good for buyers who want to buy small-cap cryptocurrencies or projects that just came out. Huobi’s pricing is very affordable, and commissions start at just 0.2%.
When you keep a certain number of Huobi Tokens, you can get lower fees. Huobi also lets people in the UK buy cryptocurrency right away using a bank card.
But only a few crypto assets, like Bitcoin, Ethereum, XRP, and Tether, can be used in this way. Huobi doesn’t say what its debit card fee is, just like OKX.
Kraken: Buy Cryptocurrency with GBP from Bank Transfer for 0.26%
Kraken is also highly regarded as one of the most competitively priced cryptocurrency exchanges in the United Kingdom. Standard bank transfers can be used by investors from the United Kingdom to open an account and make deposits.
The clearance of the transfer can take anywhere from 0 to 3 business days and will cost you just £1. When the funds are received, investors will be able to purchase cryptocurrency at a reduced fee rate of just 0.26%.
A great app for buying and selling cryptocurrency is Crypto.com.
Crypto.com is one of the best places to trade cryptocurrencies on your phone in the UK. This well-known exchange has apps for both iOS and Android phones.
Investors in the UK can use a debit card or a bank transfer to put money into the app. The second one is free to process, but it might take a couple of days to get there.
Paying with a debit card is fast, but there are fees of 2.99%. In either case, Crypto.com is an easy-to-use market that works with more than 250 different coins.
Here, too, trading fees are very affordable. For example, commissions start at only 0.0750% per slide, and there are savings for buying more. Crypto.com also offers bank accounts and loans in the form of crypto.
Buy and Sell Cryptocurrencies Safely on Gemini
Even though Gemini has high fees, it is still one of the safest and most trusted places to buy and sell cryptocurrencies in the UK. This US-based exchange started doing business in the UK in 2020, and long-term buyers still like it. Gemini is controlled well and has good security measures in place to protect investor funds.
Among these are crypto-insurance, SOC certifications, two-factor authentication, multi-sig protections, cold storage, and multi-sig safeguards. Gemini charges a fee of 3.49 percent for debit card payments.
When people in the UK use PayPal to buy Bitcoin, they have to pay a fee of 2.50%. A regular trading fee of 1.49% will also need to be paid by UK investors.
CEX.io Offers Numerous Options for Trading and Profiting with Cryptocurrencies Since 2013
When looking for trustworthy UK Bitcoin exchanges, CEX.io is another choice to think about. Since its start in 2013, this service provider has amassed more than 4 million trading clients. Commissions on CEX.io start at 0.15% per trade and the platform offers more than 70 different cryptocurrencies.
You can use a variety of payment options, but the costs add up quickly. For instance, there may be a fee of up to 3.99% for the use of a credit card, debit card, PayPal, Skrill, or Google Pay.
CEX.io is a cryptocurrency exchange that also offers savings accounts and staking, where users can earn up to a 5% APY and a 30% APY, respectively. In addition to the wallet and mobile app, users may also take advantage of crypto loans.
Gate.io: Buy & Sell 1,400+ Cryptocurrencies on Web & Mobile
Gate.io is one of the best places to buy and sell cryptocurrencies in the UK. The market lets you buy and sell more than 1,400 different cryptocurrencies.
This includes a huge number of newly started projects, which are good for investors who like to buy small-cap tokens. Gate.io lets you trade some coins, like Bitcoin and Ethereum, without paying any fees. Standard fees start at 0.20% per slide, but if you hold GT tokens, this can be lowered to 0.15%.
Gate.io does accept debit and credit card fees, but these are handled by third-party companies. Because of this, fees will depend on the seller chosen. Gate.io also lets you save crypto, borrow crypto, and make dual trades.