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10 Best Crypto Exchanges for UK Traders + How They Compare

The features are extensive and numerous, perhaps evidenced by Kraken having a features section. A word of caution though; trading futures is very risky and should only be attempted by those who are sure of what they are doing. Coinbase still works as you might expect it to, with its strongest attraction being the inclusion of all possible payment options to cater to its international clientele. Coinbase also supports more than 15 coins so it should be easy to find what you need to trade if you choose Coinbase. Liquidity refers to the size of trade an exchange can support without the market price shifting.

You sell the broker your crypto in exchange for fiat and the fiat should instantly register in your account. Finally, be aware that some exchanges require you to complete additional verification tasks to unlock full account features and permit higher transaction limits. If you purchase your asset in the spot market, you can set the price that you want to pay and then wait for your order to be filled. For example, if you are willing to pay US$21,000 for 1 BTC, then you can set a limit order to buy BTC at that price in hopes that someone is willing to sell it to you at that price.

eToro: Best for Social Trading

Reputable Bitcoin exchanges allow their users to invest in their favorite cryptocurrency using a variety of payment methods. For example, eToro lets you buy Bitcoins using a variety of payment methods such as bank transfer, debit/credit cards, e-wallet, and so on. One of the benefits of utilizing Coinbase to acquire Bitcoin is that you can use a variety of payment methods to do so, including debit/credit cards, bank transfers, PayPal, and so on. Furthermore, Coinbase’s platform only allows for spot trading; it does not allow for leverage trading. Coinbase Pro is a premium feature of this cryptocurrency broker that allows you to trade by placing a limit order on the chart.

Cryptoasset investing is unregulated in most EU countries and the UK. CFD crypto trading is unavailable for clients residing in the UK and US. All the exchanges listed above have multimillion or even billion-dollar revenues. There is no doubt that launching a crypto platform is a profitable business with enormous opportunities for entrepreneurs. The platform allows you to invest in famous meme coins, as eToro hosts Dogecoin and owns Shiba Inu. It is also beneficial to make GBP deposits because the commission is only 0.5%.

Best Crypto Exchanges UK

Precautionary measures such as only holding a trading balance on an exchange are recommended. Since the widely publicised collapse of FTX, many traders and investors have demanded centralised exchanges provide proof of reserves and user deposits. This may be done by a third-party auditor or through the use of on-chain data.

Available Coins

As a result, you must always choose crypto exchanges with an advanced security system to keep your investment safe. For instance, the eToro platform has high-level safety measures to ensure the maximum protection of your cryptocurrencies. different types of cryptocurrency exchanges The fact that it has the most altcoins on its platform demonstrates its dominance among crypto exchanges. Binance uses a volume-based pricing system and all of its users can access MetaTrader 4 software.

Some exchanges, such as Coinbase, eToro, and Revolut, are registered with the Financial Conduct Authority and are legal in the UK. One can buy crypto in the UK from an online exchange that the FCA regulates. Users can earn interest and get small amounts of new currencies via Coinbase Earn.

Best Altcoin Exchange For 2023: Reviewed & Compared

The platform boasts over two million users and is available to users in over 188 countries, including the United Kingdom. BC Bitcoin is one of the oldest UK-based cryptocurrency exchanges and is reliable. Here is a list of the twelve best cryptocurrency exchanges in the UK. For novice-to-intermediate investors, this is more than enough to implement a diversified crypto strategy without getting overwhelmed by too much choice.

Best Crypto Exchanges UK

This article will test, review and compare the best altcoin exchanges in the market. There are currently no restrictions or cryptocurrency laws that prohibits individuals from buying digital currencies such as Bitcoin. Cryptocurrencies are not considered legal tender in the UK and investors must abide by local tax laws. Another cryptocurrency that we’ll definitely hear more from is Litecoin, “Bitcoin’s silver”, a digital coin that’s suitable for small transactions and everyday purchases. If you want to purchase cryptocurrency with cash, the first option is to look for a Bitcoin ATM if there happens to be one near you. This comes really handy when you’re traveling and can’t connect to the Internet to use your platform’s mobile app.

How are UK crypto exchanges regulated?

Therefore, before you choose a bitcoin exchange, ensure that they provide the best fees. Swapzone is a non-custodial cryptocurrency exchange aggregator that allows browsing multiple exchanges, comparing exchange rates, and swapping crypto using one interface. It searches for available offers, and sorts them out with real-time rates, speed, and ratings to help users make the best and most profitable instant swaps. Exmo is the ideal crypto-trading exchange because of its easy-to-use trading interface. It is suitable for both new and experienced traders and offers access to several fiat currencies aside from GBP and EUR.

It offers a decent trading experience to all its users at a very low price. In this Bitcoin exchange, users are not allowed to pay any transaction fees for making their purchases, thereby increasing their earning without putting any additional expenses on their costs. We made the work easier for you by providing this list of the best cryptocurrency exchanges in the UK. Note that even though some of these platforms are not located in the UK, they offer top-notch services to customers in the jurisdiction.

While Gemini does not have FSCS coverage, it does offer underwriter problem insurance to traders, meaning that in the event of a security breach, the user will get a financial refund. If you are trying to find a cryptocurrency exchange that has stood the test of time, we recommend choosing Kraken. Created back in 2011, it is now one of the oldest crypto exchanges with a good range of coins and minimal fees. Pick a crypto platform that offers security features such as cold wallet storage, a multi-signature withdrawal process and two-factor authentication.

Yobit — Best Altcoin Exchange

According to CoinMarketCap, Yobit has over 300 trading pairs and up to $45 million in daily trading volume. Coinmama allows users to take custody of their crypto and does not offer on-exchange wallets. The exchange offers a limited number of cryptocurrencies for direct purchase. BC Bitcoin is a UK-based exchange and crypto broker specialising in a variety of different cryptocurrencies. If you’re looking for a trusted broker, you can choose this fast and professional service. There are many crypto exchanges available in the UK, although only a few, such as eToro and, are licensed by the FCA.

  • If you don’t have a lot of time on your hands, let’s start with the best exchanges in the UK through this quick list and summary.
  • Again, it is eToro that sets a good example here, charging no deposit fee at all for GBP.
  • In addition, Gemini offers an extensive selection of educational materials in its Cryptopedia library.
  • For instance, if you want to buy $100 worth of bitcoin with a debit card, you’ll have to pay $1.49.

Similarly, Coinbase, the leading Bitcoin exchange, operates under the tutelage of the Financial Conduct Authority in the UK. EToro has also purchased insurance coverage from Lloyd’s of London for the benefit of its clients. Eligible Clients who have suffered damages as a result of eToro’s insolvency or a misconduct occurrence are covered by the insurance. At one point in 2021, Bitcoin hit its all-time highest value, $69,000 (over £50,000), and if the bull market continues Bitcoin could re-test that benchmark again. Stay informed about happenings and events pertaining to blockchain, Bitcoin, decentralised finance and fintech. Go through the KYC process to verify your identity and increase transaction limits.

Because it was founded in 2011, Kraken is one of the oldest exchanges in the world. As with Coinbase, Kraken has also received some negative press over the years, but it remains a great option for traders. Once you are on the platform, you will quickly realize that it is a lot more advanced than most other exchanges.

Gemini – Best exchange for NFTs

We’ve also included a column in each comparison tile below that tells you whether or not a crypto exchange is registered with the UK’s financial watchdog, the Financial Conduct Authority . In order to be authorised, exchanges must meet certain requirements, such as having appropriate systems and controls in place to protect against money laundering and financial crime. Exchanges that are authorised by the FCA are required to comply with the FCA’s rules and regulations, and they may be subject to ongoing supervision by the FCA. It is important to note that the tax treatment of cryptocurrency can be complex and may depend on your individual circumstances. You should consult a tax professional or HM Revenue and Customs for specific advice on how your cryptocurrency transactions will be taxed.

In the normal course of your transaction, you’ll have to pay a fee for buying or selling any crypto on an exchange. This fee is usually charged in the form of a trading commission. As an investor, you must always prefer crypto exchanges with lower transaction fees. The presence of multiple crypto exchanges makes it difficult to find the right crypto platform to begin your investment. Since different exchange offers different services and features, it is critical to take into consideration your priorities and requirements while choosing your exchange. EToro is a well-known crypto exchange in the UK, offering traders and investors a plethora of ways to profit from crypto trading.

Top Crypto Exchanges – Buying Guide 📚

Within a short time, XBT has grown exponentially and has clients in more than 150 countries. This platform is loaded with several trading tools that can be used by both new and intermediate-level traders. One of the leading and best Bitcoin exchanges that provide CFDs and cryptocurrencies for trading is PrimeXBT. Both new and advanced traders prefer this exchange, and it has several fiat currencies other than GBP and EUR. After you’ve deposited funds into your account, use the search field to type in the name of the cryptocurrency (here, Bitcoin ) you want to purchase. Cryptocurrency is considered as a property in the United Kingdom, but not legal tender.

This software allows you to stay up to date on all trends, trades, and alerts in real-time. The MT4 Binance trading platform’s popularity may be ascribed to the fact that it is one of the most straightforward and reliable ways to conduct business on the Forex market. This renowned Bitcoin exchange provides everyone access to over 2000 financial assets, including cryptocurrencies, ETFs, stocks, and commodities, etc. Further, the majority of these financial assets could be leveraged on this exchange, thereby giving nearly everyone access to short-term, mid-term, and long-term investing opportunities. Moreover, if you want to earn passive income in addition to your profits from crypto trading, then you can also do this by staking your cryptocurrencies on this exchange.