If you are looking for the best crypto exchange UK then you’ve come to the right place. I’ve analysed the best cryptocurrency brokers to establish which platforms offer the best trading options, at the most competitive prices, with the most innovative features.
Out of the hundreds of cryptocurrency exchanges available to sell and buy Bitcoin and other cryptocurrencies online, there are a select few that stand out from the crowd. My detailed review of each platform will quickly help you establish the best platform for your unique requirements.
It is important to point out that trading Bitcoin and other cryptocurrencies carries a high risk of losing some or all of your money. However, I have also included options for investing in crypto in a diversified way in order to mitigate some of that risk.
10 of the best crypto exchanges in the UK
Here’s my list of suitable best crypto apps you can buy cryptocurrency as a UK investor.
$150 Welcome Bonus
- Trade BTC, ETH, and more on a regulated crypto exchange
- Institutional Grade Exchange
- First Crypto company listed on the NASDAQ
Capital at risk.
- Get £5 BTC when you place your first trade
- Use Code BUZZFIRE5
After your photo ID is verified, £5 in BTC will be added to your portfolio. Limited time offer. Offer available to new users who have not previously verified their identification. Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time, in its sole discretion.
- Trade between 30+ cryptocurrencies and national currencies in one easy step
- 0% deposit and withdrawal fees plus 0% trading commissions and low spread
- Set up automated recurring trades and up to 50 limit orders without fronting any money
Capital at risk.
- Buy and sell cryptocurrencies with automatic ‘rules’
- Set custom automated trades and never miss a rally or get caught
in a dip
Capital at risk.
Best of the rest cryptocurrency exchanges
Whilst they didn’t make our top 10 best crypto exchanges, here’s the best of the rest you should consider:
- Make trades from just $1
- Invest in Bitcoin, Ethereum and other tokens with 30+ currencies
- Buy, sell, and send digital currencies with no hidden fees
Capital at risk.
- Cryptocurrency CFD trading
- Spreads as low as 0.5%
- Lower commissions over other crypto exchanges
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Invest in over 70 cryptocurrencies
- Earn crypto rewards
- 0.4% Maker/Taker fees
Capital at risk.
eToro hosts one of the largest trading communities online with millions of global investors choosing between over 115 cryptocurrencies including bitcoin, ethereum and litecoin. This makes eToro the perfect platform from which to copy the trades of leading cryptocurrency investors and their free virtual account allows you to do this without risking any of your own funds.
eToro is also one of the safest options available to exchange bitcoin as they are fully FCA regulated. In addition to this, eToro present an attractive pricing structure with no ongoing platform fees, deposit, or trading fees other than spreads.
eToro also have a decent range of advanced charts and analysis tools as well as the ability to create a custom watchlist and stay informed with real-time updates.
Features I like at eToro
- Copy-trading available when you trade cryptocurrency
- Limit orders
- Margin trading
- Leverage for long or short positions
- Millions of users making up the eToro community
- CopyTrading available
- FCA regulated
- Limited cryptocurrencies
- Only operates in USD
eToro crypto trading fees
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Despite only launching in 2012, Coinbase now boast over 56 million users around the world with one of the largest and safest platforms available.
Within the Coinbase crypto wallet, you can buy, sell, and earn over 500 cryptocurrencies and other digital assets. Coinbase provide their investors with several tools including recurring trades and the ability to schedule daily, weekly, or monthly buys.
Coinbase have two interfaces, their beginner-friendly platform, and Coinbase Pro which is aimed at more advanced investors providing impressive charting tools and real-time order books.
However, Coinbase are not the most cost-effective platform available and at 3.99%, the fee for deposits using a debit card is comparatively high. There is also a commission of 1.49% on all buy and sell orders.
One of the ways Coinbase supports beginners is through their Coinbase Earn project. Essentially this is a training program that rewards users for learning how specific cryptocurrencies work. You can earn up to $26 worth of crypto simply by answering a quiz correctly and there is no limit to the number of times you can take the quiz.
Features I like at Coinbase
- Advanced security options
- Separate interfaces for beginners and advanced traders
- Integrated digital wallet
- Debit Visa card
- Over 50 cryptocurrencies
- Good education with the option to earn free crypto
- Web app or mobile app
- Faster payments
- Large bustling community of users
- User-friendly interface for beginners
- High liquidity across listed trading pairs and assets
- Advanced security options
- Free crypto is available for qualifying users
- 3.99% debit card deposit fee
- Can experience downtime during periods of bitcoin volatility
- No Dogecoin
|Trade amount $10 or less:||$.099|
|Trade amount between $10 and $25:||$1.49|
|Trade amount between $25 and $50:||$1.99|
|Trade amount between $50 and $200:||$2.99|
|Deposit using debit card:||3.99%|
|Instant card withdrawal:||Up to 1.5% (minimum fee of $0.55)|
|Wire transfer:||$10 ($25 outgoing)|
There are a couple of ways that BlockFi help you earn more from your cryptocurrency. Firstly, this is the home of the world’s first bitcoin rewards credit card, and each time you use it, you earn up to 3.5% back in bitcoin.
If that’s not for you, then you could try the BlockFi Interest Account, where you can earn up to 9.5% APY on any funds you hold within the account. BlockFi also offer a loan facility so you no longer have to sell your crypto but can borrow funds against your crypto assets whilst continuing to hold your position in the market.
From the Blockfi trading account, you can buy and sell a variety of cryptocurrencies free from any transaction fees or hidden fees.
Features I like at BlockFi
- Earn interest on your holdings
- Borrow against your portfolio
- Rewards credit card
- Automatic trading
- No commission fees
- No monthly fees or minimum deposit
- Great features and rewards
- No protection for savings in the event of bank failure
BlockFi make their money by lending to institutions. This not only allows them to keep their fees remarkably low but also offer users competitive interest rates. Therefore, the only fees you need to be concerned with at Blockfi are withdrawal fees. Each user gets one free withdrawal per month, after which they will be charged a small fee, relating to the cryptocurrency they are withdrawing.
Whilst this is an attractive proposition in this space, you will need a certain appetite for risk. Blockfi use Gemini to keep client funds in cold storage and client funds are placed ahead of any equity or employee funds in the event of a loss. However, this is still a risky proposition and there is little protection in the event of bank failure.
CoinSmart is the perfect platform for someone to start out trading cryptocurrency and develop their skills. It has a streamlined, easy to use, simple interface that is perfect for newbies as well as a great array of features and tools that you can introduce to your trading as you hone your skills.
The GetSmart Hub is a destination for learning tools including comprehensive articles, blog posts, and how-to guides. SmartTrade allows you to trade from one coin to another without having to trade to bitcoin or Ethereum first and within the Advanced Trade feature there are limit orders, stop loss, and real-time charting tools.
CoinSmart also offer the SmartGuarantee which provides benefits that include same day deposits, same day verification, and all fiat withdrawals processed within five days. In addition to this, CoinSmart offer one of the most generous refer a friend programs to help you grow your bankroll quickly. CoinSmart have a decent range of currencies to trade and are constantly adding more.
Features I like at Coinsmart
- Same day deposits
- Multiple funding methods
- Track all trading activity
- Smart Guarantee
- Smart Trade
- Advanced Trade
- Quick sign up and verification
- Smooth, easy to use interface
- Same day deposit of funds
- 24/7 customer support
- Limited selection of crypto assets
|Trading Fees:||0.20% for single trade
0.30% for double trade
|Withdrawal fees:||1% for electronic funds transfer
1% for bank wire
|Funding fees:||0% Interac e-transfer over $2000
1.5% intera e-transfer $100 – $1,999
6% credit/debit cards
Crypto withdrawal fees apply.
Bitpanda is an excellent choice for investors who would like to access a range of assets on an investment platform that includes cryptocurrency.
With Bitpanda you can invest or trade in over 50 cryptocurrencies as well as stocks and metals. This access to multiple assets allows users to diversify and swap in line with changes to the marketplace.
Bitpanda also has a decent range of functions including automatic and recurring daily, weekly or monthly payments so you can save straight into your investments.
I was also impressed by the Bitpanda card, which has partnered up with Visa in order to allow you to spend your cryptocurrency, metals, stocks and fiat currencies.
Features I like at Bitpanda
- Good educational resources for new investors
- Multiple deposit options for fiat
- Savings products for earning interest
- Bitpanda card for spending assets
- Professional trading interface with multiple features
- Long standing reliable trading platform
- Easy to use and suitable for newbies
- Gold standard security standards
- Responsible customer service
- Multiple assets for investment
- Lack of live chat available
|Buying and selling crypto:||1.49%|
If it’s security and peace of mind you are after then Gemini is my top pick. You will struggle to find a cryptocurrency exchange with better security credentials in the world and Gemini are one of only a small handful of crypto exchanges that are legally permitted to trade in the UK by the Financial Conduct Authority. Whilst Gemini may not offer cover from the FSCS, it does provide users with insurance against theft by underwriters, providing reimbursement to users should there be a security breach or hack. This makes the Gemini Wallet one of the most secure online wallets on the market.
Gemini offer two cryptocurrency wallets to their users, a cold storage system called Gemini Custody, and the aforementioned insured hot wallet, called Gemini Wallet. This offers users the option to store their keys both online and offline for added convenience.
Whilst Gemini may not have the full suite of coins to trade, the main ones are all available and this would therefore be a suitable platform for anyone just starting out in crypto trading, however, they also provide an account for more advanced traders.
Features I like at Gemini
- A cryptocurrency payment system called Gemini Pay
- Two accounts for novice and professional traders
- Two wallet types
- US dollar-backed stable coin called Gemini Pay
- Learning hub called Cryptopedia
- One of the most secure cryptocurrency exchanges in the world
- Lower trading fees than main competitors
- Easy to use interface
- Debit card transfer fee of 3.49%
- Limited coins for trading
- Slow customer service
|Trading fees:||£0.75 – 2.25 for orders below £150
1.49% for orders above £150
If you’re looking for one of the best crypto exchanges in the UK to support your trading on the go, then look no further than Luno. Luno make it possible to use your cryptocurrencies in the real world by facilitating the conversion of your crypto into your local currency at any time so you can spend it. A lot of other crypto exchanges in the UK will not offer the on-exchange option to convert to fiat currencies.
Luno offers trading in Bitcoin and Ethereum and the Luno Wallet and payment app make sending, receiving and spending crypto and fiat easier than ever. They also provide adequate education via the Luno Learning Portal and blog for beginner traders.
Luno supports a decent range of payment methods but beware of the charge on deposits which at 3.5% is pretty steep. The app also provides users with a savings account where users can earn interest of up to 7.6% on their crypto balances.
Features I like at Luno
- Repeat buy and automatic crypto investments
- Interest on Luno Savings
- Luno Wallet
- Price alerts
- Low trading fees at just 0.1%
- Decent selection of tools and features
- Interest of 7.6% on crypto savings
- Funds are kept in cold storage
- Limited coins
- High debit card fee
£0.00 – £249,999.99
£250,000.00 – £499,999.99
£500,000.00 – £999,999.99
£1,000,000.00 – £1,999,999.99
£2,000,000.00 – £3,999,999.99
£4,000,000.00 – £7,999,999.99
£8,000,000.00 – £15,999,999.99
If you are looking for a crypto exchange that has stood the test of time, then look no further than Kraken. Launched in 2011, it is now one of the longest-standing crypto exchanges with an excellent range of coins and low fees.
With Kraken, retail investors can get started with as little as $10 and Kraken market themselves as catering to all levels with a detailed resource centre to help guide newbies through the basics of trading crypto. More seasoned traders can take advantage of the advanced tools and features as well as one of the largest selections of coins to buy, sell and trade.
For traders that are looking to trade anonymously, Kraken are one of the few exchanges to offer a dark pool. Kraken also offer margin, stop orders, and crypto short sales as well as the opportunity to leverage a currency pair by up to 5 times.
Features I like at Kraken
- Spot trading on margin and futures trading
- Advanced charting tools and automated portfolio monitoring
- Account management service
- Futures trading
- Sophisticated tools and trading features
- Advanced security
- Competitively low trading fees
- Great selection of cryptocurrency
- High liquidity
- May be complex for beginners
- Slow customer service
|Kraken Fee:||0.9% for stablecoins
1.5% for any other crypto or FX pair
|Card processing fee:||3.75% + 0.25 EUR|
|Digital wallet processing fee:||3.75% + 0.25 EUR|
|Online banking fee:||0.5%|
What is cryptocurrency?
Cryptocurrency, otherwise known as crypto, is a digital currency that can be securely exchanged online as payment for goods or services as well as being used to trade or invest for profit.
Cryptocurrencies have no physical format, but rather work using an advanced technology called Blockchain. Blockchain is decentralized and spread across multiple computers that manage and record cryptocurrency transactions. This is how cryptocurrency is kept secure.
Cryptocurrency differs from other currencies in that it is not issued by a government or central bank. As such cryptocurrency transactions are not subject to the same records that traditional currencies are, and can therefore be carried out completely privately.
Cryptocurrencies are notoriously volatile in nature, with values rising and falling dramatically in line with demand. This can make them both profitable and highly risky to trade and invest in.
There are reported to be over 13,000 different cryptocurrencies that are traded publicly with a total value of more than $2.5 trillion although this figure is constantly moving in line with demand. The most popular cryptocurrency, Bitcoin, was valued at about $1.2 trillion.
How to buy crypto
Buying crypto is a relatively easy endeavour and can be done through any of the UK crypto exchanges I have listed above. You can use the cash in your bank account to purchase cryptocurrency just as you would any other currency.
This can then be stored in a digital wallet like Coinbase, or used to trade Bitcoin and other cryptocurrencies.
Read more about how to buy cryptocurrency and follow the latest trends.
How to trade cryptocurrency
Trading cryptocurrency is becoming increasingly popular as investors look to profit from the high volatility of the asset. If you can time the market right, trading crypto can reap much higher returns than traditional investments, however, it is always important to point out that this also carries significant risk.
The first step to trading cryptocurrency would be to identify the best cryptocurrency trading platforms which I have done for you in this article. From my shortlist you should decide which brokerage would best suit your needs and open an account using personal information.
You will then be required to fund your account, usually by connecting to your bank account or depositing using the accepted means at the brokerage of your choice.
Once this is complete you simply need to select the cryptocurrency you wish to trade. I would advise that you do some research and come up with a sound strategy, or alternatively engage in copy trading with a platform like eToro.
How to mitigate risk when trading cryptocurrency
Cryptocurrency is a highly volatile asset that would be considered high risk. However, there are options available should you wish to mitigate some of that risk. One such option is to invest in a thematic portfolio, which invests in the companies in the value chain behind bitcoin, such as eToro’s BitcoinWorldWide portfolio which was launched in April of 2021.
eToro also provide scope for copy trading, whereby you can mirror the trading activities of successful bitcoin traders. These are usually traders who have given careful consideration to the assets held within their portfolio and utilise sound strategies to maximise on their holdings.
How does a crypto exchange work?
Within a crypto exchange, traders can buy and sell bitcoins and other cryptocurrencies using different fiat currencies or altcoins. Essentially, a crypto exchange acts as an intermediary between buyers and sellers who use the online platform to conduct their trades as well track their progress.
In order to buy cryptocurrency, traders will deposit funds using bank transfers or other accepted means of deposit, often for a small fee. Different crypto exchanges will come with a varying number of trading tools designed to help traders with their decisions.
How to choose a cryptocurrency exchange in the UK
Choosing which cryptocurrency exchange account to open is an essential part of your success. The best cryptocurrency exchanges will depend on your circumstances however, I would recommend that you take the following into account:
The cryptocurrencies the exchange supports
Some cryptocurrency exchanges will have a limited portfolio of coins available. Ensure the UK crypto exchange you are considering will support your preferred crypto. Most platforms will offer popular coins including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and Ethereum Classic (ETC).
The fees charged by the platform
There is a significant fluctuation in price between crypto exchange platforms and therefore it is worth checking if the platform of your choice has a fee structure that will benefit your trading volume.
Crypto is largely unregulated, which results in an increase in risk when trading the asset. Ensure you are familiar with the security measures your UK exchange of choice has in place to protect user funds.
There are a wide variety of trading features to assist you in making informed decisions with your trades and the most popular crypto exchanges will usually offer some or all of these features. These can include advanced charting tools, stop losses, automatic trading, copy trading, and round up features to name a few.
The difference between centralised and decentralised exchanges
Cryptocurrency exchanges come in two formats, centralised and decentralised. The basic difference between the two is whether there is a third party to help conduct transactions. Centralised exchanges will trust this third party to handle all assets, thus securing a greater level of security and monitoring.
Conversely, decentralised exchanges have no third party involvement and allow peer-to-peer trading. This can cause security concerns and is the less popular of crypto exchanges UK to a centralised one.
Crypto exchange FAQs
How do I use a cryptocurrency exchange?
Using a cryptocurrency exchange is a relatively simple process. Once you have opened your account at the best uk crypto exchange for you and completed the account verification process, you should be able to view details of the cryptocurrencies they are offering and their current values.
Then, when you have chosen your cryptocurrency, you simply need to deposit your fiat money and use those funds to purchase crypto. You are then at liberty to trade crypto for other coins, and in some cases spend and earn interest on your cryptocurrency.
The rise and fall in value of the crypto you have purchased will determine your profit or loss.
Is trading bitcoin safe?
Yes, once you have discovered the best bitcoin exchange for your level of experience and trading needs, you should take a moment to read the security measures in place, however, a UK based bitcoin exchange with high volume traders would suggest that the cryptocurrency exchange is reliable and largely trusted.
However, it is also prudent to point out that as with any other investment, the crypto market comes with its own set of risks, and crypto, in particular, is a highly volatile asset and you could lose some, or all, of your investment.