11 Best Crypto Exchanges in the UK in 2023 Reviewed

An additional feature that we came across on the CoinCorner platform is that of recurring buys. Nevertheless, the Binance trading suite itself is jam-packed with tools and features that will suit the seasoned pro. This covers a full range of chart reading tools, technical indicators, and the ability to connect your API to a third-party provider. Another interesting feature of Cash App is that you can set it up to convert a certain percentage of any direct deposit you receive into Bitcoin. This can be a good way to slowly build up a stash of BTC without trying to time the market.

While the FCA does not regulate Binance, it is accessible to UK residents and provides a secure platform for trading digital currencies. Bybit is a popular crypto exchange offering diverse digital assets, advanced trading tools, and various order types. Though not regulated by the FCA, Bybit is accessible to UK residents and provides free GBP deposits via bank transfer and Faster Payments. This guide will walk you through the top crypto exchanges in the UK, detailing their features, fees, payment methods, and overall user experience. Additionally, the platform offers a variety of trading options, including spot trading, futures contracts, and staking.

You can also lower your trading commission by holding a quantity of BNB coins, which is the cryptocurrency native to the Binance platform. If you’re interested in staking, Gemini is one of your best options, as the platform has a dedicated feature called ‘Gemini Earn’. With this feature, you can earn up to 8.05% APY on your holdings, which is far higher than you’d get with a regular bank account. The great thing about this feature is that there’s no lock-in period – users can transfer their crypto around whenever they please. Users can trade on Kraken using the Instant Buy feature or Kraken Pro, with the latter being the pure exchange element of the platform. If you use the former, there will be a 1.5% trading fee and a transaction fee, depending on which payment type you use.

How do you buy Bitcoin UK?

Decentralised exchanges generally distribute verification powers to anyone willing to join a network and certify transactions, much like cryptocurrency blockchains themselves. This may help increase accountability and transparency as well as ensure an exchange can keep running if something happens to a company running an exchange. While exchanges often reimburse those whose coins are stolen through their insurance, an investor probably wants to avoid being in that position to begin with. That’s why it’s important, to potentially minimise that risk and only invest on reputable exchanges.

• It’s an FCA-regulated platform, ensuring a safe and secure trading environment.
• This can be a good way to slowly build up a stash of BTC without trying to time the market.
• Instead, anyone with an internet connection can access the exchange and participate in the crypto economy.
• Looking forward to 2024, UK crypto users should check for updates regarding Binance’s ongoing status in the country.

If you’re someone who likes to invest in other cryptocurrencies as well, consider choosing among the other exchanges we’ve highlighted in this article. EToro lists quite a few different cryptocurrencies, but not as many as dedicated cryptocurrency exchanges. The list of supported coins includes almost all of the biggest cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, XRP, BNB, Cardano and others. However, eToro’s fees are quite high, as the platform charges a 1% fee on buying and selling cryptocurrency.

Automated and Copy Trading

In 2015, the platform expanded to include exchange services, enabling users to buy and sell cryptocurrencies using fiat currencies. The exchange employs advanced security measures, including multi-factor authentication, SSL encryption, and cold storage of user funds, to ensure the safety of its users’ assets. OKX is one of the best crypto exchanges for margin trading options, with a leverage of up to 10X, best crypto exchange uk along with futures trading and perpetual swaps with a leverage of up to 125X. On the one hand, the FCA introduced a blanket ban on leveraged crypto products in January 2021 (unless you are a professional trader). However, there are waves of unregulated exchanges that will offer you leverage on cryptocurrency trades. These should be avoided at your funds are not protected by a reputable financial body.

A Bitcoin exchange acts as an intermediary between buyers and sellers of the Bitcoins. It is a company that acts as a trustworthy third party for people who want to transfer their assets with others. The exchange protocol’s function is to match the orders and settle the contract, and users who have placed orders are often listed in an order book.

Meanwhile, if you’re new to crypto, you can delve into the established exchange’s “Cryptodpedia”. This is a platform designed to provide free, high-quality crypto education. The ability to use crypto or national currencies gives you https://www.xcritical.com/ flexibility and freedom. And if for some reason your card is misplaced, you can freeze your card using the app. With a minimum of US$200, you can automatically repeat trades from some of eToro’s top-performing crypto traders.

Other Cryptocurrency Exchanges in the UK

You can choose your crypto exchange based on your preferences and requirements. However, we would recommend you to select those exchanges which are not only regulated by top global authorities but also enhance your trading experience by keeping your investment safe. To attract market makers, many exchanges charge lower trading fees from them. Similarly, some exchanges do not even charge any fees on any trading transaction. On eToro, for example, users do not pay any trading fees when conducting crypto transactions.

The first fee that you need to be aware of is with respect to funding your account. After all, if you want to buy or trade cryptocurrencies online, you will initially need to make a deposit. On the one hand, CoinCorner does make the end-to-end Bitcoin investment process a simple one. Unfortunately, the main drawback with this top-rated provider is that it is expensive to use.

TradeStation is the undisputed champ of online trading platforms, boasting better charts and analysis than anyone else in the game. The platform gives users peace of mind in the often tumultuous crypto world. The popularity of Bitcoin among crypto enthusiasts has led to the flux of many Bitcoin exchanges in the industry. Unlike Binance, Bybit is regarded as having the ‘lowest spread,’ with a maker rebate. Another benefit of adopting Bybit is that the KYC (know-your-customer) process is not required.

Uphold, Kraken, Gemini, and Binance also make the list, each with their unique strengths, from staking opportunities to deep liquidity. As an alternative to eToro, Uphold enables quick and affordable GBP deposits via methods such as Bank Transfer, Faster Payments Transfer, Debit Card, and Credit Card. Binance is one of the UK’s largest and most prominent crypto exchanges, boasting a vast user base, significant trading volume, and ample liquidity.

The good news, however, is that there are a select number of exchanges that do things by the book. This is because it only allows you to access Bitcoin, Ethereum, Ripple, and Litecoin. CoinCorner is also useful if you wish to sell your Bitcoin back to pounds and pence, as the process once again takes minutes.

Cryptocurrency trading is a global phenomenon, although not every exchange is offering its services in every market. In this article, we’ll be focusing on the United Kingdom, as we’ve analyzed the crypto markets to find the best crypto exchanges in the UK. We made sure to highlight exchanges catering to different types of crypto investors, including long-term holders, active traders and altcoin traders. Furthermore, all investors and traders have free access to this exchange via mobile applications and desktop-based programs.

Don’t invest in crypto assets unless you’re prepared to lose all the money you invest. Cryptoassets are highly volatile and past performance isn’t an indicator of future success. Coinbase is a major cryptocurrency exchange that has been operating since 2012.

A Bitcoin broker, unlike a Bitcoin exchange, operates as a middleman for a trader or investor and a market (or exchange). Users do not own the item they are trading, and they do not swap any digital assets they own, unlike on a Bitcoin exchange. When someone says Bitcoin broker, they mean that you do not actually own the Bitcoins; instead, you’re trading long or short contracts for it with leverage.