Compare 11 best crypto exchanges in the UK for 2024

We have meticulously reviewed 50+ leading cryptocurrency exchanges in the UK to identify the top players in the industry. Read on to find and compare the best UK crypto exchanges.
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Updated: Feb 21, 2024
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An exchange serves as a marketplace where users can buy and sell cryptocurrencies in the UK. These platforms offer a diverse range of digital assets for sale and various methods for exchanging them.

Our team of experts consistently rates and reviews over 50 of the best major crypto exchanges in the UK to compile a list of the best platforms currently in operation. To achieve this, we employ a comprehensive methodology where we create a list of variables and assign scores to each exchange based on these factors.

We consider five primary factors when evaluating and ranking exchanges:

  • Cost of trading
  • Exchange security
  • Ease of use and accessibility for beginners
  • Number of cryptocurrencies and crypto pairs available
  • Variety of payment methods accepted

These factors are weighted, with security and cost playing a particularly significant role in determining the final rankings. Given the heightened importance of security in today’s landscape, our recommendations reflect this focus.

Read more about our review process.

What is the best crypto exchange in the United Kingdom?

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eToro is the best crypto exchange platform in the UK. Here are three more platforms that offer low fees, high security, and a simple interface for British users.

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1
Min. Deposit
$ 10
Best offer
User Score
10
Access the world’s most popular Crypto assets including Bitcoin, ETH, LTC, XRP
Automatically copy top-performing Crypto traders
Deposit using PayPal + 9 other deposit options available (not available to US users)
Start Trading
Payment Methods:
Bank Transfer, Debit Card, Ideal, Klarna, POLi, PayPal, Przelewy24, Rapid Transfer, Trustly, eToro Trading Platform, neteller, skrill
Full Regulations:
ASIC, CySEC, FCA

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

2
Min. Deposit
$ 10
Best offer
User Score
9.5
Fully automated platform with instant transactions
A wide variety of payment options
Good for beginners
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, EPS, Giropay, Google Pay, Mastercard, Rapid Transfer, SEPA, Sofort, neteller, skrill
Full Regulations:
3
Min. Deposit
$ 1
Best offer
User Score
9.5
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Start Trading
Payment Methods:
Full Regulations:

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

The 11 best crypto trading apps in the United Kingdom, reviewed

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1. eToro. Best for beginners, copy-trading & demo-account

1%

Fees

$50

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade for UK & EU users (not US, real assets only)
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

2. Bitpanda: Best for fractional & small scale investing

bitpanda logo

...

Fees

$30

Minimum deposit

3,000

No. assets

No

Demo/virtual account

Pros & Cons

300+ cryptocurrencies Wide range of other digital assets 10 fiat currencies accepted Low fees for Bitcoin buyers using credit or debit card in Europe Fully automated transactions happening in real time
Fees are not explicitly laid out Restricted European countries at present Limited customer support features

Overview

We love BitPanda because it’s an all-in-one investment platform. BitPanda offers 250+ assets, including 50+ cryptocurrencies and a range of crypto indices, making it simple to invest in the crypto market without having to make tough decisions about each coin.

BitPanda is one of the most accessible crypto platforms around. The minimum trade size is just $1 and you can automate your investments so that you can add more Bitcoin regularly. The BitPanda card offers cashback up to 2% paid in Bitcoin.

The fees: All fees are included in the spread, so you won’t be charged a commission on your trades. A premium of 1.49% is included as part of the buy and sell price of each asset.

Highlights

Visit Bitpanda Bitpanda Review

3. Uphold. Best for building long term wealth

$0.99

Fees

...

Minimum deposit

300

No. assets

Yes

Demo/virtual account

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up
Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD. 

Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Visit Review

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

4. OKX. Best for futures and margin trading

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods
Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

Visit OKX OKX Review
Торгівля цифровими активами вважається високим ризиком. Цифрові активи не підтримуються жодним урядом чи центральним банком. Ризик втрат у торгівлі або утриманні цифрових активів може бути суттєвим. Ви повинні ретельно подумати, чи підходить взаємодія, утримання чи торгування цифрових активів у світлі вашого фінансового стану.

5. Coinbase. Best secure trading platform for all types of trader

Up to 0.6%

Fees

$10

Minimum deposit

200

No. assets

No

Demo/virtual account

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods
Quite high fees for credit and debit card instant buys Poor customer support

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. There is insurance on all cash balances up to $250,000 and the majority of assets are stored offline in cold storage.

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

Visit Coinbase Coinbase Review
Криптовалюта не регулюється органами фінансового контролю Об’єднаного Королівства тому не підлягає під закон про фінансову компенсацію чи захист фінансового омбудсмена Об’єднаного Королівства. Інвестиції в криптовалюти ризикові, їхня вартість може як зрости, так і знизитися, або взагалі знецінитися. З доходів отриманих від криптовалюти може стягуватися податок на приріст капіталу.

The top crypto exchanges UK for your needs

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Top UK crypto exchanges for beginners

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eToro tops our list as the best UK crypto exchange for beginners. It offers a demo account for practising crypto trading, user-friendly sign-up procedures, low trading fees, and a trusted reputation with millions of users worldwide. Here are some other beginner-friendly crypto exchanges in the UK.

UK crypto trading platformsFeesNo. of assets
eToro1%73+
Coinbase1%200+
BinanceFrom 0%600+

Low fee crypto exchanges in the UK

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eToro stands out as the most cost-effective crypto exchange with a flat 1% fee added to the market price of each digital asset. This fee is transparently incorporated into the spread, ensuring no surprises. Below are other UK exchanges with low fees:

Asset eToro fees Bitpanda fees Uphold fees
Cryptocurrencies 1% $0.99
Commodities From 2 pips $0
Currencies From 1 pip $0
Indices From 0.75 pts
Stocks 0% commission
Stock CFDs 0.15%
ETF CFDs 0.15%
View more > Visit eToro > Visit Bitpanda > Visit Uphold >

Safest crypto exchange UK

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Coinbase takes the lead as the most secure crypto exchange that’s regulated by the FCA (Financial Conduct Authority) in the UK. As a large public company, Coinbase operates transparently to comply with stock market regulations. Here are some other platforms with robust security measures:

Region eToro regulators Bitpanda regulators Uphold regulators
Africa FSAS
Asia
Australasia ASIC
Europe FCA, CySEC, DNB, AMF, OAM, MFSA FMA, MiFID II, BaFin, VASP, PSD2, EMI FSA
International
North America FinCEN, FINRA FinCEN
South America
View more > Visit eToro > Visit Bitpanda > Visit Uphold >

Best crypto exchanges UK for day trading

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Bitstamp provides the best tools for fast intraday trading, boasting industry-leading uptime, high liquidity, and instant order execution through its professional account. Here are other top platforms for day-trading crypto in the UK:

UK crypto trading platformsTrading feesNo. of assets
BitstampFrom 0%80+
OKXFrom 0.6%340+
eToro1%73+

Best GBP to crypto exchange

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Binance is designed for convenience and offers seamless conversion between GBP and cryptocurrencies. Popular crypto exchanges catering to casual traders are ideal for transferring fiat currencies, like British Pounds, into crypto transactions. Here are some other leading fiat-to-crypto exchanges:

Crypto exchangeFiat trading pairsNo. of assets
BinanceUSD, GBP, EUR, AUD600+
CoinbaseUSD, GBP, EUR200+
UpholdUSD, GBP, EUR220+

Best UK PayPal Bitcoin exchange

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eToro stands out as the top choice in the United Kingdom due to its low trading fees, user-friendly interface, and high-quality mobile app. It allows free deposits via various payment methods, including PayPal. Here are other recommended UK crypto exchanges accepting PayPal:

UK Bitcoin exchangePayPal accepted?
eToroYes – Deposits & withdrawals
BitstampYes – Deposits & withdrawals
BinanceYes – Deposits & withdrawals

Best no-fee crypto exchange in the United Kingdom

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While genuinely free crypto exchanges are rare, some platforms offer partially free services, such as trading Bitcoin or stablecoins at no cost. Here are the best crypto exchanges providing some form of free trading:

Crypto exchangeFeesNo. of assets
KucoinFrom 0%*750+
BinanceFrom 0%*600+
BitstampFrom 0%*80+

*0% on certain assets only

Best no-fee KYC crypto exchange in the UK

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Using a leading crypto exchange without KYC (Know Your Customer) verification is challenging. However, certain platforms offer a compromise, such as lower withdrawal limits for users who choose not to verify their IDs. Here are some top no-KYC cryptocurrency exchanges:

Crypto exchangeFeesNo. of assets
Uniswap0.3%900+
KucoinFrom 0%750+
BybitFrom 0%100+

Best UK P2P cryptocurrency exchange

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Binance takes the lead in the peer-to-peer crypto exchange category, offering the largest platform worldwide. Binance P2P provides users with greater control over their trading activities while benefiting from the security of a larger, traditional exchange. Here are other top peer-to-peer crypto exchanges:

Crypto exchangeFeesNo. of assets
Binance P2PFrom 0%600+
LocalBitcoinsFreeN/A
PaxfulFreeN/A

Crypto exchange with the most coins in the UK

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Binance offers the widest selection of cryptocurrencies, allowing users to buy nearly any altcoin they desire and easily swap between different digital assets. Here are other crypto trading platforms offering an extensive range of altcoins:

Product eToro assets Bitpanda assets Uphold assets
Stock CFDs 3117
ETF CFDs 317
Forex CFDs 49
Crypto CFDs 73
Index CFDs 20
Commodity CFDs 26
NFTs 100,000
View more > Visit eToro > Visit Bitpanda > Visit Uphold >

Exact figures may vary. NFTs are accessed through Delta, an NFT explorer app which is owned and operated by eToro.

Best UK crypto exchange app

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eToro provides the best mobile crypto exchange experience, offering reliability, ease of use, and access to all features available on the main website. Here are other top mobile cryptocurrency exchange apps in the UK:

Crypto appOperating system
eToroiOS, Android, and tablet
OKXiOS, Android, and tablet
CoinbaseiOS, Android, and tablet

Best crypto derivatives exchange in the United Kingdom:

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Binance offers the most extensive range of derivative markets in the UK, serving as a futures trading exchange, options exchange, and the go-to platform for shorting cryptocurrencies. Here are other UK crypto exchanges where you can access derivatives:

Crypto exchangeFeesNo. of assets
BinanceFrom 0%600+
KuCoinFrom 0%750+
OKXFrom 0.6%340+

Largest cryptocurrency exchange in the UK

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Binance holds the title of the exchange with the highest 24-hour trading volume, ensuring ample liquidity and a high likelihood of finding trading partners. Here are the top three exchanges for UK crypto investors, ranked by trading volume:

Crypto exchangeTrading volume (24hr)
Binance$5,634,704,700+
Coinbase£885,573,000+
OKX£763,425,000+

*24 hour trading volume, as of February 2024

Best NFT marketplace in the United Kingdom

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Opensea reigns as the most popular NFT marketplace in the UK, boasting the highest trading volume and a significant number of traders. Here are other top NFT marketplaces:

NFT marketplaceTotal tradersTrading volume*
Opensea345,000+£335m+
Blur50,000+£267m+
X2Y230,000+£60m+

*30 day trading volume, as of February 2024

Best UK staking exchange

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Nexo takes the lead as the best platform for staking or earning interest on cryptocurrencies in the UK, where you can earn in GBP.

While many exchanges now offer staking services, platforms like Nexo function more like interest-paying bank accounts with fewer charges compared to traditional crypto exchanges. Here are other top staking platforms:

Cryptocurrency exchangeNo. of stakable assets
Nexo60+
Kucoin750+
Uphold220+

Read more: the best crypto staking platforms

Best UK crypto exchange for altcoins

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Binance offers over 500 cryptocurrencies, making it the go-to platform for purchasing a wide range of altcoins. With a low minimum deposit of just £1, it’s an ideal starting point for beginners and casual traders. Here are other exchanges with a vast selection of altcoins:

Crypto exchangeTrading feesNo. of altcoins
BinanceFrom 0%600+
KucoinFrom 0%750+
OKXFrom 0.6%340+

Best DeFi exchange in the United Kingdom

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Binance offers all the leading decentralised finance (DeFi) coins, including Avalanche, Chainlink, Aave, and Maker. If you also hold Binance Coin, you can trade these DeFi tokens at low fees. Here are other top DeFi trading platforms:

Cryptocurrency exchangeFeesNo. of assets
OKXFrom 0.6%340+
BinanceFrom 0%600+
KucoinFrom 0%750+

Best decentralised crypto exchange for UK users

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Uniswap stands as the top decentralised exchange, allowing users to swap a wide variety of Ethereum-based coins. However, to utilise Uniswap, you must own cryptocurrency in a separate wallet, which may require signing up on another exchange and acquiring coins first. Here are the top three decentralised exchanges in the UK:

Decentralised exchangeDefault slippageNo. of assets
Uniswap0.5%900+
PancakeSwap0.5-1%3000+
DYDX0.5%22000+

Top 10 UK crypto exchanges

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Based on our tests and the expertise of our panel, we have compiled a list of our top ten favourite exchanges in the United Kingdom. These platforms offer beginner-friendly interfaces, copy-trading options, and various features to cater to different trader profiles. Here is our complete ranking of the top UK cryptocurrency exchanges:

  1. eToro: Best for beginners, copy-trading & demo-account
  2. Bitpanda: Best for fractional & small scale investing
  3. Uphold: Best for building long term wealth
  4. OKX: Best for futures and margin trading
  5. Coinbase: Best secure trading platform for all types of trader
  6. eToro: Best for beginners, copy-trading & demo-account

Crypto exchanges that didn’t make our recommendations:

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While many cryptocurrency exchanges offer excellent services, some platforms narrowly missed our list of the very best. Here are a few honourable mentions:

  1. Crypto.com. A popular exchange that lacks the guidance and customer support we expect from a beginner-friendly platform.
  2. Uniswap. A decentralised exchange suitable for lesser-known altcoins but not recommended for beginners.
  3. PancakeSwap. Another decentralised exchange focused on BNB chain-based digital currencies, often associated with “meme” coins but less beginner-friendly.
  4. Gemini. A secure exchange prioritising protection against hacking attempts but offers fewer cryptocurrencies compared to top exchanges.
  5. BitPanda. A European exchange with low trading fees for fiat currency purchases but has hidden fees that can be discouraging.
  6. XT.com. A user-friendly exchange with a straightforward layout, but some users have reported negative experiences with withdrawing digital assets.
  7. Biconomy Exchange. A growing platform that did not meet our experts’ criteria for top-tier service.

What is a UK crypto exchange?

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A cryptocurrency exchange UK is an online marketplace where users can buy and sell cryptocurrencies. These exchanges facilitate transactions and allow users to swap their pounds for digital assets like Bitcoin, Ethereum, or Dogecoin.

How do UK Bitcoin exchanges work?

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Bitcoin exchanges operate by matching users who want to buy with users who want to sell cryptocurrencies. Similar to an auction house, buyers and sellers submit bids and asking prices simultaneously, and when a pair agrees on a price, the transaction occurs.

Transactions on exchanges happen automatically through an “order book.” Each time a user places a bid or offers coins for sale, it is recorded in the order book. The exchange continuously matches bids to execute transactions.

How to use a crypto exchange in the UK

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To buy a cryptocurrency, you submit a bid on the exchange, specifying what you want to purchase, how much you want to pay, and the preferred payment method. You can choose between placing a “market” or “limit” order.

A market order executes your trade as quickly as possible at the current market rate.

A limit order sets the price at which you are willing to buy, and it only executes when a seller agrees to sell at that price.

While limit orders may offer better value, there is a risk of not finding a seller at the desired price. Market orders guarantee the transaction but may cost more.

How to choose a United Kingdom crypto exchange

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With numerous options available, it’s crucial to exercise caution when choosing the right cryptocurrency platform in the United Kingdom. Factors such as exchange fees, storage facilities, and the variety of available coins should all influence your decision.

To assist you in making an informed choice, here are several questions to consider as you research each crypto exchange:

1. What are the trading fees?

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Trading fees can significantly vary among crypto exchanges based in the United Kingdom. While most exchanges generally offer low-cost cryptocurrency trading, the charges may differ significantly. Conducting a thorough comparison can save you money.

Trading fees are typically charged as a percentage of the trade. The best crypto exchanges in the United Kingdom with low fees will charge 1% or less of the trade amount, while some services may have higher charges.

You may also encounter deposit and withdrawal fees. Depositing GBP via a bank account or credit/debit card usually incurs no fees, but there might be a flat withdrawal fee. Withdrawals in digital currency often come with significant charges. Here’s a look at the other types of fees you may pay.

Fee eToro fees Bitpanda fees Uphold fees
Trading fees Yes, on certain assets Yes No
Inactivity fees Yes No No
Rollover/overnight fees Yes, on CFDs Yes Yes
Withdrawal fees Yes Depending on method No
Spreads Yes, on certain assets Yes Yes
Conversion fees Yes, for non-USD currencies Yes Yes
View more > Visit eToro > Visit Bitpanda > Visit Uphold >

2. How are customer funds stored?

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Crypto exchanges are unregulated in the UK, so your deposits aren’t protected by the financial authority – the Financial Conduct Authority (FCA)

The best way to ensure your money remains safe is to choose an exchange platform that keeps customer funds in segregated accounts (that is, separate from the money that’s used to fund its own operations) and ideally in cold storage (offline). 

Opting for a United Kingdom crypto exchange audited by a reputable accountancy firm can offer additional peace of mind.

3. Is the platform user-friendly?

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A positive user experience goes beyond easy website navigation. Consider your trading preferences: Do you plan to trade from your mobile phone? How do you intend to manage your crypto portfolio? Are you seeking specific analysis tools, charts, or software integrations?

With this information, you can narrow down your choices by finding exchanges that align with your needs. For instance, if you anticipate frequent mobile trading, focus on platforms offering the best crypto app in the United Kingdom.

4. What is the account verification process?

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During the account creation process, you will likely be required to provide personal details and identification documents for identity verification. This requirement is typically necessary for crypto exchanges that operate in the United Kingdom.

Familiarise yourself with the verification process before signing up. This way, you can prepare the required documents in advance for a smooth registration process. Alternatively, if you prefer to avoid sharing personal details, you can exclude crypto exchanges in the United Kingdom that require verification from your shortlist.

5. How many cryptocurrencies are available?

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While you can buy Bitcoin in the United Kingdom through any cryptocurrency exchange, the selection of other available coins can vary. If you’re interested in trading altcoins, look for a United Kingdom crypto exchange that offers a wide range of coins and allows for cryptocurrency swaps (‘crosses’) between different cryptos.

6. Which currencies can be deposited?

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For most individuals, a crypto exchange in the United Kingdom serves as a means to convert GBP into cryptocurrency. However, some crypto exchanges only accept US dollar deposits, which can be problematic if you have no way of purchasing dollars.

If you lack access to US dollars, it may be wise to choose a large exchange like Binance or a local exchange specifically designed for crypto traders in the United Kingdom.

7. Which payment methods are accepted?

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Determine your preferred payment method for acquiring crypto. If you intend to fund your account using bank transfers or debit card payments, most British crypto exchanges accept deposits from bank accounts, alleviating any concerns.

It is less common for a cryptocurrency exchange in the United Kingdom to accept alternative payment methods like PayPal or other e-wallet services. While larger exchanges such as Binance often support a wide variety of payment methods, it’s still advisable to confirm the availability of your preferred payment option before signing up.

8. Does it offer additional features, such as staking or lending?

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Consider your desired use of the exchange and allow that to influence your decision. Do you wish to store or stake your coins? Earn interest by lending them or borrow crypto yourself?

While you can buy crypto in the United Kingdom through any regulated crypto exchange, not all platforms offer these additional services to UK investors. 

While managing multiple logins and utilising different exchanges is possible, it’s generally more convenient to use a single service, at least initially.

In addition to staking and lending, many of the best UK crypto companies offer many other features and trading tools. Here’s a look at the top three cryptocurrency platforms in the UK and what they offer.

Trading tool eToro tools Bitpanda tools Uphold tools
Charts Yes Yes Yes
News feeds Yes No No
Analyst recommendations Yes No No
Fundamental analysis No Yes No
Financial calendar Yes No No
MetaTrader integration No No
View more > Visit eToro > Visit Bitpanda > Visit Uphold >

By considering these questions, you’ll be better equipped to select the ideal crypto exchange in the United Kingdom that aligns with your trading preferences and requirements.

Pick a UK cryptocurrency exchange

Quick answers to key questions

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Can I use a UK crypto exchange anonymously?

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You can, but it’s not common. Crypto exchanges in the UK are governed by KYC regulations that require users to verify their identities before trading, providing information like addresses and photo IDs. 

However, decentralised exchanges (DEXs) or peer-to-peer exchanges allow you to remain anonymous, and platforms like Uniswap and PancakeSwap can be accessed from the UK.

Is crypto taxed in the UK?

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Yes, cryptocurrency is taxable in the UK. The tax treatment depends on how you acquire and dispose of cryptocurrency. For example, if you buy cryptocurrency and then sell it for a profit, you will have to pay capital gains tax on the profit if it exceeds your personal allowance.

HMRC (His Majesty’s Revenue and Customs, the government department responsible for collecting taxes in the UK) has published extensive advice on cryptoassets and their tax status. We recommend you read the guidance in order to fully understand your tax obligations.

How fast are transactions processed on an exchange?

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Transaction speed depends on the exchange and the availability of buyers or sellers. Popular cryptocurrencies like Bitcoin or Ethereum typically have faster transactions, but periods of high volatility or less popular coins may lead to longer processing times.

What payment methods are available on a crypto exchange?

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Payment options vary across exchanges, with most accepting bank transfers and credit/debit card payments. Some exchanges offer alternative methods like PayPal, Skrill, or Payoneer, but availability and fees may differ.

Do I need a wallet to use a Bitcoin exchange?

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Wallets are optional on most crypto exchanges. While exchanges allow users to store coins within their accounts, it is recommended to have a separate wallet for added security or when using cryptocurrencies for online purchases.

How do cryptocurrency exchanges determine the price of a cryptocurrency?

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Cryptocurrency prices on exchanges are determined by supply and demand dynamics of the crypto market. The price fluctuates based on how much fiat currency users are willing to exchange for a specific digital asset at any given time.

Can I buy crypto with leverage in the UK?

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Yes, many of the UK’s top crypto platforms offer users the ability to trade with leverage and on margin. The amount available varies from platform to platform. There are also rules in place to protect retail traders which limit leverage to 1:30 (but lower for crypto CFDs). Higher leverage is available to professionals as classified by the European Securities and Markets Authority ESMA.

Product eToro maximum leverage Bitpanda maximum leverage Uphold maximum leverage
Stock CFDs 1:5
ETF CFDs 1:5
Forex CFDs 1:30
Crypto CFDs 1:2
Index CFDs 1:10
Commodity CFDs 1:10
View more > Visit eToro > Visit Bitpanda > Visit Uphold >

Trading with leverage is highly risky and can result in significant losses. We do not recommend that beginners trade with leverage.

Can I use a Bitcoin exchange on my mobile phone?

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Yes, many crypto exchanges offer mobile apps for both iOS and Android devices, allowing users to invest and trade cryptocurrencies on the go.

How to use a crypto exchange in the United Kingdom

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Follow this simple guide to learn how to buy crypto through an exchange in the United Kingdom. This process applies whether you’re looking to buy and sell Bitcoin or engage in crypto trading.

Step 1. Register with eToro

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For British users, we recommend eToro as the top crypto exchange in the United Kingdom.

Step 2. Create an account

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To set up an account, provide personal contact details such as your name and email address. Many British crypto exchanges require you to provide photo ID verification, such as your driving licence or UK Passport, before enabling you to buy cryptocurrency in the United Kingdom.

Step 3. Deposit funds in GBP

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Navigate to the banking or deposit section of your crypto trading platform account. There, enter the desired deposit amount and select your preferred payment method—such as a bank account, credit card, or debit card—to transfer the funds for purchasing crypto on the exchange.

Step 4. Search for your desired cryptocurrency

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To purchase Bitcoin or other cryptocurrencies, enter the coin name or symbol in the search box. For instance, if you want to buy Bitcoin online, search for its symbol, BTC, in a pair with GBP. Click the GBP/BTC pair then provide the trade details.

Step 5. Buy cryptocurrency in the United Kingdom

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Finally, click the ‘buy’ or ‘trade’ button to purchase Bitcoin or any other crypto asset. Specify the amount of cryptocurrency you wish to purchase and execute the trade.

Step 6. Transfer your cryptocurrency to a crypto wallet (optional)

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Once the trade is completed, your crypto assets will appear in your exchange wallet. You can either leave your crypto holdings there or transfer them to a dedicated crypto wallet for added control over your funds.

However, note that using a wallet can be less convenient if you plan on frequent trading. For more information on finding the best Bitcoin wallet in the United Kingdom, refer to the details below.

Choose your favourite crypto exchange

Which crypto wallet is best in the United Kingdom?

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Wallets are available to everyone, regardless of location. They are private crypto storage facilities that don’t require any regulation. MetaMask and Trust Wallet are two popular crypto wallets that are accessible in the UK.

There is also a growing trend towards all-in-one platforms that combine exchange and wallet functionalities in a single account. For most beginners in the UK, signing up for services like Binance or Bitstamp is the recommended option. These platforms allow you to buy crypto with British Pounds on the exchange and store it securely within the same platform.

Methodology: How we choose the best cryptocurrency exchanges in the UK

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Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 50 UK cryptocurrency exchanges to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of crypto experts, analysts, and active traders who sign up to each exchange, conduct research, and score each service.

Our tests are designed to find crypto exchange platforms that offer a beginner-friendly, secure trading experience at a fair price to traders in the United Kingdom. To supplement our practical testing and experience, we research each exchange to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each UK crypto exchange is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual UK brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

FAQs

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Is cryptocurrency legal in the UK?
What is the best UK crypto exchange?
What’s the best crypto exchange for beginners in the UK?
What’s the cheapest crypto exchange with the lowest fees in the UK?
What’s the safest crypto exchange in the UK?
Which UK banks don’t allow crypto?
Can I buy cryptocurrency in the UK?
Does Binance work in the UK?
Who regulates cryptocurrency in the UK?
Can you withdraw GBP from Coinbase?
Can I withdraw crypto to a UK bank?
Are deposits on crypto exchanges insured in the UK?
Which Bitcoin wallet is best in United Kingdom?


Fact-checking & references
Risk disclaimer
James Knight
Editor of Education

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.