Best Crypto Exchanges in the UK Reviewed

Other than that, Coinfloor crypto exchange only supports BTC, ETH, and BCH. It is not surprising to see CoinJar quickly rising up to be one of the most popular exchanges in the UK, and for good reason. This crypto exchange provides an excellent platform that is easy to use with some of the lowest fees in the industry. You also need to take note of the markup over the spot price which the currency exchange charge as this could end up with you losing a lot of money if you’re not careful. So do check out different cryptocurrency exchanges and look for the best rates possible if you’re trying to be cost-effective in your exchanges.

This platform is FCA-licensed and not only supports low crypto trading fees, but 0% commission stocks and ETFs. Moreover, eToro makes buying crypto easy for the first time – as the platform accepts Visa, MasterCard, Paypal, Skrill, bank transfers, and a number of other convenient payment types. ChangeNOW’s initial purpose was to provide instant crypto exchanges at reasonable rates, but it now offers fiat currency with Visa or Mastercard. The limitless exchange capabilities allow users to swap as much crypto as they want to, while fiat purchases rely on the Simplex payment program.

Best Crypto Exchanges in the UK

Gemini has an in-house NFT marketplace, which is why it’s our pick for the best exchange for NFTs. Nifty Gateway is one of the biggest NFT marketplaces in the world, best known for launching NFT collections by famous musicians. Crypto.com has over 50 million users and is registered with the Financial Conduct Authority . Beyond copy trading, eToro provides a comprehensive social experience, making it just as much a social media platform as a broker. Traders can discuss their moves, speculate on prices and share important news.

Bittrex is a trusted and reliable crypto exchange for European customers. Coinjar is a reliable and trusted cryptocurrency exchange with no hacking history. Yobit is not a UK-based bitcoin exchange and is loosely regulated. If https://xcritical.com/ you love trading altcoins and want an exchange that lists a variety of them, then you may want to check out YoBit. According to CoinMarketCap, Yobit has over 300 trading pairs and up to $45 million in daily trading volume.

eToro – Live prices; Wallet; Advanced trading tools; Popular coins

Weekday evenings are generally best for me, and we can fix a day from week to week to keep things flexible. Lloyds Bank includes a network of banks such as Halifax, Bank of Scotland, and MBNA. Since 2018, these banks do not support buying crypto with a credit card. Debit card purchases, deposits, and withdrawals from exchanges are always a hit-and-miss. Banking gives customers similar features to Xace, SEPA, SWIFT, Faster payments, and named IBANs with access to multi-currency.

So we’ve put together a checklist of questions that will help you understand your cryptocurrency trading requirements. Once you’ve answered them all you’ll feel confident about signing up to the crypto exchange UK users like you are finding best fits their needs. One of the websites online where you can check trading volumes of exchanges in the UK is Coinmarketcap. Alternatively, Coinbase / Coinbase Pro is another exchange that belongs to the list of largest cryptocurrency exchanges.

FTX’s new CEO John Ray III said it was switching off the ability to trade or withdraw funds and taking steps to secure customers’ assets. Cryptocurrencies operate in incredibly volatile markets, so we can’t advise you as to whether or not you’ll make a profit on your investment. But at Zeply we can certainly help you to understand how to invest in Bitcoin, and we’re ready and waiting with everything you need to get started on your cryptocurrency journey.

Moreover, the Crypto.com maker-taker pricing model means that those trading larger volumes will be offered even lower fees. Therefore, in choosing the best crypto exchange in the UK, investors should make it a priority to assess the safety of their funds. Our comprehensive reviews in the sections below will enable traders to make an informed decision to select the best crypto exchange in the UK. However, we’ve given you a head start by sharing some of our picks for the best crypto exchanges in the UK at the top of this page.

Overall, CoinJar is a great option for crypto enthusiasts in the UK. It offers multi-signature technology, a mobile app, cost savings, and plenty of different cryptos to trade. You won’t save as much with CoinJar as with Binance, but the fees are still low when making larger purchases.

Top 10 UK Crypto Exchanges in 2022

The different exchanges may offer marginally different rates for the digital currencies, and their bid offers may vary. Sometimes the fluctuations are very wide and sudden, and you don’t want to be caught unexpectedly. You can trade many top currencies here like, Bitcoin and Ripple, and others. The best part is that it is based in the UK, and you can transfer the fiat currency in and out immediately. Interested in trading cryptocurrencies rather than making a simple buy or sell order? Then here’s a quick summary of what a fully-fledged trading platform should offer.

Most exchanges that require the Know Your Customer process allow you to deposit and withdraw tens of thousands of pounds per day. This is more than most average traders deposit and withdraw on a daily basis. EToro’s copy trading feature allows you to view and mirror trades made by experienced cryptoexchange investors. Getting started is easy – simply choose a trader you want to copy and then set your account to follow their trading moves. Since then, the platform has expanded to include a range of social features, with a Facebook-style news feed that lets you engage directly with other traders.

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Coinfloor supported payment methods are bank transfers, credit or debit card, faster payments, SEPA, and wire transfers. OKX doesn’t require a minimum deposit to open an account, but the minimum trade size is $10 (about £9). The exchange accepts credit cards, debit cards, e-wallets, and bank transfers for payments, but it doesn’t provide details about the fees for card payments. The best cryptocurrency exchanges prioritize the provision of a user-friendly platform. Therefore, your preferred platform should have an easy-to-navigate interface for user balances, deposit and withdrawal options, as well as other trading tools.

• If you are looking for an easy way to learn about cryptocurrency and want to try out purchasing some digital assets for yourself, then Revolut has everything you need in one place.
• Gemini has an in-house NFT marketplace, which is why it’s our pick for the best exchange for NFTs.
• There is a native token, EXMO, for earning rewards and trading fees.
• Another metric to assess when choosing a crypto exchange is the level of customer service offered.
• Nonetheless, Luno supports automated buy orders, which will appeal to those looking to dollar-cost average.
• NatWest is owned by RBS and based on feedback from customers, the bank allows credit and debit card crypto purchases.

There is a native token, EXMO, for earning rewards and trading fees. Users enjoy a discount on trading fees when they use Binance Coin . Binance lists a large number of cryptocurrencies and adds new assets that are widely in demand. The user verification process is extensive and restricts users with no valid ID. The reason that Kraken is in the second half of our list is its slower deposit wait times . If you are an avid crypto trader in the United Kingdom who can’t wait that long, Kraken might not be ideal.

Users must set up an external wallet before buying crypto on Coinmama. The exchange has strict security standards to protect its users and is also known as one of the safest ones. The exchange boasts sufficient liquidity across its listed trading pairs. Users can borrow fiat against their crypto assets stored on CEX.io. Cryptocurrencies are extremely volatile so it’s impossible to accurately predict gains.

These two are some of the best platforms available that lets buyers and sellers trade crypto assets without any documentation. The only thing that these exchanges ask for is your email address to access their exchange platform and search for matching orders. Our candidates for the safest platform for buying and selling cryptocurrencies with a satisfying level of security are Coinburp, Binance, and Coinbase. All three companies apply encryption protocols to sensitive data and they keep funds and crypto assets in air-gapped cold storage.

You can even add crypto spending mode to your existing Revolut debit card, which will allow you to pay for purchases with instantly converted tokens. Established in 2013, CoinJar is a local cryptocurrency exchange that serves the UK and European markets. The platform is colourful, user-friendly, and ideal for all categories of users, including institutional investors.

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This gives control and privacy back to each person involved in a transaction. It also allows users to keep away from using banks or financial institutions that might have questionable financial policies or practices. Many crypto exchanges offer additional tools and features, such as savings accounts that pay interest, loans, and staking. Before exploring trading tools, fees, and supported coins – make sure that the chosen crypto exchange is regulated. Although Luno is popular with beginners, this crypto exchange app only supports 9 coins.

The Well-Known Crypto Exchanges in the UK

You can also track your trades and monitor market movements via the web app or iOS and Android mobile apps. UK customers can access the Gemini Exchange, which offers various beginner-friendly and advanced crypto trading tools. UK customers can also access the Gemini wallet, which lets you store all your assets in an insured hot wallet or institutional-grade cold storage system. Getting bitcoins in The UK is not an easy task as not all popular crypto exchanges are available to UK citizens. This is a current list of bitcoin exchanges that allow users from The UK to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

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This provider offers great security features and it has been active in the crypto industry for over a decade. Traders in the UK will pay 1.49% to buy and sell crypto at Coinbase. This is much higher than other UK Bitcoin trading platforms in the market, so do bear this in mind. Furthermore, and perhaps most importantly, Binance offers a 25% fee reduction for those holding BNB.

The fees vary between 0.30% and 0.10% and will depend on your 30-day trading volume. Volumes over 500,000 GBP qualify for a 0.20% fee while those over 1 million GBP get a reduced fee of 0.10%. However, once you’re in, the crypto exchange platform is pretty advanced with extensive features. Coinbase/Coinbase Pro is the largest foreign exchange and it’s also another well-known crypto exchange across the world.

If you prefer to pay via credit or debit card, then we would recommend going for Coinbase or CEX.IO. However, card purchases do incur higher fees with Coinbase charging a 3.99% fee on instant buys with a debit card. CEX.io on the other hand lets you pay only via Visa or Mastercard only and has a fee of 3.5% + 0.20 GBP. On top of the regular security methods, Binance even features its own Secure Asset Fund for Users to which the exchange allocates 10% of the collected trading fees. By now, you should know that Binance has one of the highest trading volumes in the industry which means that their SAFU reserve vault should be enough to cover any unfortunate money losses.