12 Best Crypto Exchanges in the UK 2024
Best Crypto Exchange in the UK in 2024 - Coinbase
Recently, UK traders and investors started paying more attention to cryptocurrencies. In these conditions, we thought that it would be a good idea to create a rating of the best crypto exchange UK for them.
Of course, you can use a regular broker for investing or trading crypto, but not all brokers offer a wide selection of cryptocurrencies and do not have the best conditions for crypto. A crypto exchange is a broker that was created especially for trading cryptocurrencies.
If you are looking for the best crypto exchange UK or the best place to buy Bitcoin UK, keep reading this article because it gives you a very clear idea of what are your best options.
Start trading cryptocurrencies right now with Binance!
Top 12 UK Crypto Exchanges
For selecting the best crypto exchanges for UK users, we paid attention to certain criteria. Some of that criteria are that the crypto exchanges should accept clients from the UK or should work be regulated by the local regulatory. We also paid attention to the commissions charged by crypto exchanges, and the number of cryptocurrencies supported.
Here are all the best UK crypto exchanges:
Coinbase - Most trustable
OKX - Best for Bitcoin
Crypto.com - Best for Reliability and Security
Binance - Best for Active Traders
CEX.io - Best Local Crypto Exchange
CoinJar - Best For Crypto/GBP Trading
eToro - Best For Social Trading
Kraken - Great for educational materials
Bittrex - Great charting tools
EXMO - Best for P2P transactions
Currency.com - Best for low fees
Cryptohopper - Best for crypto bots
UK Crypto Exchanges Comparison
| Broker | Best For | Fees | GBP support | Number of Coins |
|---|---|---|---|---|
Training programs |
As high as 0.5% per trade |
Yes |
127 |
|
Best P2P Exchange |
from 0.1% to -0.010% |
Yes |
350 |
|
Low fee trading |
start from 0.075% and 0.034% for the Spot and Derivative 0% maker fees |
GBP Bank Transfers |
250+ |
|
Altcoin Trading |
0.1% per trade |
Yes |
409 |
|
Easy to use interface |
0.25 - 0.1% per trade |
No |
106 |
|
Crypto/GBP trading |
0.04 to 0.1% per trade |
Yes |
31 |
|
Social Trading |
0.75 to 2.9% per trade |
Yes |
19 |
|
Educational materials |
0.00 to 0.2% per trade |
Yes |
72 |
|
Charting tools |
0.00 to 0.75% per trade |
No |
427 |
|
P2P transactions |
As high as 0.3% per trade |
No |
62 |
|
Low fees |
0.06 or 0.075% per trade |
No |
30 |
|
Automated trading |
Between $0 and $99 per month |
Yes |
Bitcoin, Ethereum, Litecoin, and some others |
Coinbase - Most Trustable Crypto Exchange in the UK
Coinbase Platform
Coinbase is a popular crypto exchange, particularly among beginner traders. This Crypto exchange has a version for beginners, as well as a version for experienced traders, called Coinbase Pro.
In the UK, Coinbase is regulated by the FCA, which means it can be trusted by UK traders. Coinbase also supports GBP to offer a better trading experience to its UK users.
Coinbase uses a Pricing Tier system to determine what fees you will pay every time you make a trade. Your pricing tier is calculated by your trading volume for the last 30 days. Coinbase uses USD for delimiting Pricing Tiers, but if you use GBP, they are converted to USD to determine your Pricing Tier. The Coinbase fees can be as high as 0.5% per transaction. But it gets lower if your Pricing Tier grows.
Coinbase allows you to trade and exchange a wide variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, BitcoinCash, and others.
There is a web version as well as an app for smartphones running iOS or Android. With over 73 million active traders registered on the exchange, the crypto exchange serves users from 100 countries. Coinbase offers one-of-a-kind training programs that allow you to earn money while learning by improving your expertise in the crypto market. There is also a Coinbase Pro version that offers more complex charting tools for experienced traders.
Coinbase in the UK - Pros and Cons
👍 Pros
• You can easily convert one cryptocurrency to another
• Great educational programs
👎 Cons
• There are no passive earning options
OKX - Best for Bitcoin
OKX, a Seychelles-based cryptocurrency exchange, has made a significant impact in the crypto world. The exchange offers low trading fees starting at 0.10%, which decreases with higher trading volumes or larger stakes in OKX’s currency, the OKB token. OKX also offers high-interest staking opportunities, with some cryptocurrencies earning at more than a 100% annual interest rate.
OKX Platform
The OKX platform is easy to use and offers a wide range of trading options. Users can benefit from various market situations with its spot trading, futures trading, and margin trading options. As is true with any platform, it does have advantages and disadvantages.
👍 Pros
• A wide range of cryptocurrencies: OKX supports over 400 tradable cryptocurrencies, providing users with a plethora of options.
•Competitive fees: The platform offers competitive fees, making trading more affordable.
•High yields from staking: Users can earn high yields from staking their cryptocurrencies, providing an additional income stream.
•User-friendly interface: OKX offers a user-friendly interface that is easy to navigate, making it suitable for both beginners and experienced traders.
👎 Cons
•Not available to users in the United States: Due to regulatory and compliance reasons, OKX is not available to users in the United States.
•Customer service: Some users have reported issues with customer service, which could impact the user experience.
•Low liquidity for certain currencies: There is low liquidity for certain currencies, which could affect trading efficiency.
Crypto.com - Best for Low Fees
Crypto.com platform
You may find Crypto.com to be a good option if you're looking for an all-in-one cryptocurrency platform that's affordable and easy to use. Aside from rewarding its users in several ways, Crypto.com offers over 100 different cryptocurrencies for investment. In addition to using crypto for everyday purchases, the exchange has its own VISA card. Furthermore, Crypto.com's debit card offers 8% cash back on purchases. You can earn crypto positions through crypto.com's rewards program if you enjoy spending money.
Also, Crypto.com withdrawal fees are free. Remember that if you're using a blockchain like Bitcoin or Ethereum to withdraw your funds, you'll still need to pay a transaction fee to miners.
Crypto.com in the UK - Pros and Cons
👍 Pros
• A wide range of crypto assets are available.
• Cash transfers have low fees.
👎 Cons
• There are relatively high fees associated with credit and debit purchases.
• There are some services not available in the U.S.
• Trades between cryptos are not allowed.
Binance - Best For Active Traders
Binance Plarform
Binance is a relatively new crypto exchange created in 2017 which already has approximately 29 million users and is considered one of the most robust crypto exchanges.
One thing you have to know about Binance is that it is not regulated by any regulatory, but it is allowed to offer its services in the UK. To give UK users a better trading experience, Binance allows them to use GBP to buy crypto.
Binance is famous for its low trading fees, which are only 0.1% of the trade value if you use funds from your account balance. However, if you want to buy crypto instantly with your credit/debit card or through bank transfer, the fees are higher.
Read more about Binance Fees ExplainedBinance is one of the largest crypto exchanges at the moment because it offers more than 400 cryptocurrencies, which means that it has almost every cryptocurrency you can think of.
The Binance trading platform contains a big variety of charts and allows its users to use the copy trading feature to gain higher profits. It also has a desktop version along with a mobile app for IOS and Android devices.
What is Binance Coin? Learn more about itBinance in the UK - Pros and Cons
👍 Pros
• Very big choice of cryptocurrencies
• Low fees
👎 Cons
• It is not regulated by any regulator
• Complex verification procedure
Cex.io - Best Local Crypto Exchange
Cex.io platform
Cex.io is another great crypto exchange for UK traders because it was created in London in 2013, and it is regulated by the FCA. This crypto exchange supports GBP, which is a big advantage for UK users.
This Crypto exchange’s fees are considered average, and they vary between 0.25 to 0.1% of the transaction’s value depending on the volume traded by a user in the last 30 days. There are multiple deposit and withdrawal methods, and the fees vary depending on the method that is chosen.
Cex.io supports a big variety of cryptocurrencies, such as Bitcoin, Ethereum, Tether, Bitcoin Cash, Litecoin, Cardano, Binance Coin, and dozens of other cryptocurrencies.
Learn more about best Bitcoin brokersCex.io offers an easy to use interface, and traders can choose between the desktop version and the mobile version, which is available for IOS and Android devices.
Cex.io in the UK - Pros and Cons
👍 Pros
• Supports a big variety of cryptocurrencies
• Great app for mobile trading
👎 Cons
• There is no demo version
• There are no training programs for beginners
CoinJar UK - Best For Crypto/GBP Trading
CoinJar platform
CoinJar is another great option for UK traders because it is regulated by the FCA, and it supports GBP. It is also regulated by a financial regulator in Australia and supports AUD. It is also used by over 400,000 active users.
This crypto exchange's one-of-a-kind feature is a 0% commission for takers when trading any asset. The maker's commission is calculated by trading volume and ranges from 0.04-0.1%. UK users can only deposit and withdraw funds on their CoinJar accounts through bank transfers, which is absolutely free.
CoinJar supports a decent variety of cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, XRP, Chainlink, and some others.
Crypto Trading in the UK - Is it legit? Is it Taxable?To trade with CoinJar UK, traders can choose between the desktop version or the mobile version. Both of these methods offer fast order execution and a friendly user interface.
CoinJar in the UK - Pros and Cons
👍 Pros
• No fees for takers and very low fees for makers
• Convenient trading terminal in browser and mobile applications
👎 Cons
• There is no demo version
• Communication only through the site using the ticket system
eToro - Best for Social Trading
eToro Platform
eToro is a broker that was founded in 2007. The company bills itself as a social trading platform that works with traders from more than 140 countries. The broker has a few divisions that operate in different jurisdictions and are licensed by various regulators. eToro Europe, for example, is regulated by the Cypriot regulator CySEC, while eToro UK is regulated by the British regulator FCA. The broker also has offices in Australia and the United States.
Learn more about Copy Trading on eToroAlthough eToro has a division in the UK, you can not choose GBP as your account currency. You can only deposit GBP, which will be converted into USD.
The eToro crypto fees vary by cryptocurrency, and they can be between 0.75 and 2.9%. There are no commissions for deposits, but there is a $5 fee for withdrawal. Also, eToro has an inactivity fee that is charged after one year of inactivity. The fee is $10/month.
eToro does not support as many cryptocurrencies as other crypto exchanges, but only 19. Some of them include Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, Dash, and others.
A big advantage of using eToro is that it has the copy trading feature, which allows users to perform trades more conveniently. But you can not copy more than 100 traders. eToro offers both an online trading and a mobile trading platform. These platforms are very user friendly, and they offer a great trading experience.
eToro in the UK - Pros and Cons
👍 Pros
• It is regulated by multiple regulators
• It supports copy trading
👎 Cons
• It does not support a big number of cryptocurrencies
• You can not select GBP as your account currency
Kraken - Great for educational materials
Kraken Platform
Kraken is a great crypto exchange that was founded in 2011 and is another great option for UK crypto traders since it has recently become regulated by the FCA, and it supports GBP as an account currency.
The fees charged by this crypto exchange vary depending on the trading volume for the last 30 days, and it starts at 0.2%. But it can be as low as 0.00% if the trading volume is higher than $1,000,000.
Kraken allows its users to trade a big variety of cryptocurrencies, which includes Bitcoin, Ethereum, Tether, PolkaDot, Cardano, Dogecoin, Litecoin, XRP, and a lot of others.
Where can you buy Dogecoin? Learn moreThis crypto exchange has a proprietary trading platform that allows users to trade via the desktop version, as well as the mobile apps for iOS and Android devices. The platform includes a large knowledge base, tutorials, and video podcasts with news and analytics.
Kraken in the UK - Pros and Cons
👍 Pros
• It supports a big variety of cryptocurrencies
• its fees are quite low
👎 Cons
• There is no call centre
• No credit card or debit card deposit options
Bittrex - Great charting tools
Bittrex platform
Bittrex is a cryptocurrency exchange that was founded in 2015 in Liechtenstein. The activities of the company are controlled by the financial laws of Liechtenstein and the European Union. Bermuda Securities Commission serves as a secondary international regulator. However, it is not regulated by the FCA. USD and Euro are the only fiat currencies accepted. It supports all major deposit and withdrawal options.
The Bittrex fees can be as high as 0.75%, but they can be as low as 0.00%, depending on the users trading volume for the last 30 days.
Bittrex supports a fairly wide variety of cryptocurrencies, which includes Bitcoin, Bitcoin, Ethereum, Tether, Cardano, XRP, Dogecoin, and a lot others.
How to buy Ripple (XRP)? Read moreBittrex uses a proprietary trading terminal, which is available in a browser version and a mobile app for various operating systems. A typical setup includes all of the essential features, such as charts with indicators, stop loss, and take profit functions. API solutions can be used to extend the trading terminal's functionality.
Bittrex in the UK - Pros and Cons
👍 Pros
• Big variety of cryptocurrencies
• It uses a robust trading platform
👎 Cons
• There is no demo version
• There are no educational materials
• It does not support GBP
EXMO - Best for P2P transactions
Exmo platform
EXMO is another great choice for UK crypto traders looking for a reliable crypto exchange. EXMO has been operating since 2013, and it has recently become FCA regulated. Also, this crypto exchange supports multiple fiat currencies, including GBP. Based on these features, UK traders will enjoy using this crypto exchange.
EXMO has very competitive trading fees, which can be as high as 0.3% per trade, and the fees become lower as your trading volume for the last 30 days increases.
EXMO allows you to trade 181 cryptocurrency pairs, and it supports all the main cryptocurrencies, such as Bitcoin, Ethereum, Cardano, Algorand, Bitcoin Cash, and dozens of other cryptocurrencies.
The EXMO platform supports three types of transactions: peer-to-peer (P2P), advanced exchange trading with full functionality, and margin trading. EXMO has its own trading platform, which is available as a web version and a mobile app. The trading interface is simple to use and offers numerous customization options.
EXMO in the UK - Pros and Cons
👍 Pros
• Very competitive trading fees
• High level of security for funds and data
• Very intuitive trading interface
👎 Cons
• There are no trading programs
• There is no call center
Currency.com - Best for low fees
Currency.com Platform
Currency.com is a very good crypto exchange for trading various cryptocurrencies, such as Bitcoin, Litecoin, Ethereum, Dogecoin, and other cryptocurrencies. UK crypto traders should be aware that this crypto exchange is not regulated by the FCA, and it does not support GBP.
Currency.com charges a 0.06% fee for BTC/USD, BTC/EUR, ETH/USD, ETH/EUR. The trading fees for other cryptocurrencies are 0.075%. But if you want to exchange amounts of cryptocurrencies that are less valued at less than $50.000, you will pay a 0.2% fee. Deposit and withdrawal fees vary depending on the method selected.
The platform is distinguished by robust analytical tools. The platform's technical side is flawlessly optimized, and trades are executed quickly. The software interface is straightforward but functional. Currency.com has both a desktop version and a mobile version.
Currency.com in the UK - Pros and Cons
👍 Pros
👎 Cons
• It is not regulated by the FCA
• It does not support the GBP
CryptoHopper - Best for crypto bots
CryptoHopper platform
If you are looking for an automated crypto trading option, you should consider CryptoHopper. CryptoHopper has some of the most reliable crypto trading bots for automated crypto trading. This crypto bot automatically executes trades on your crypto exchange account based on the instructions you programmed it to execute.
This crypto bot has three pricing plans, which cost $19/month, $49/month, and $99/month, respectively. There is also a free version that offers very limited functionality.
This crypto trading bot is not compatible with all crypto exchanges. However, it is compatible with Binance, Coinbase Pro, Bittrex, and a few others. It can be used to trade Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.
The exchange bots are adaptable, constantly evolving, and perfectly catch trends and respond to signals. The bot can be reprogrammed to follow a specific strategy. There is also a social trading feature.
CryptoHopper in the UK - Pros and Cons
👍 Pros
• It is a great service for copying transactions and auto-trading bots
• It offers a vast selection of instruments
👎 Cons
• You can lose money if you do not program your bot correctly
• It is not compatible with all crypto exchanges
What is the Best Place to Buy Bitcoin In the UK?
Some of the best FCA regulated crypto exchanges that support GBP that you can use to buy Bitcoin are Coinbase, Cex.io, CoinJar UK, Kraken, and EXMO. LocalBitcoins is also a good choice, although it is not FCA regulated.
Is Crypto Legal in the UK?
Just in case you were wondering if crypto trading is legal in the UK, it is. It is also controlled by the FCA regulatory. The FCA controls the crypto exchanges that offer their services in the UK to ensure that the UK citizens are safe while trading crypto.
However, crypto derivatives, which are a type of binary options that bid on the price fluctuations of a crypto currency, were banned because they are considered too risky.
Read more about how to spot and avoid crypto scamsHow to Choose a UK Crypto Exchange?
Choosing the best UK crypto exchange is an important step in your crypto trading journey. If you choose the right crypto exchange for you, you will get a great trading experience, and you will enjoy trading cryptocurrencies. Here are a few things you should keep in mind while choosing the best UK crypto exchange:
Does the exchange accept UK customers? Is it regulated by the FCA?
Accepting UK users is the criteria in this case. But if you want an extra level of security, it is recommended to choose a broker that is regulated by a reputable regulatory agency.
Support for the GBP
To have a better trading experience, UK users should choose a broker that accepts GBP as account currency.
Methods of deposit and withdrawal
All traders should choose a broker that supports the deposit and withdrawal options they prefer to use.
Choice of assets
Crypto traders should consider choosing a crypto exchange that supports as many cryptocurrencies as possible because it lets them trade a bigger variety of cryptos, and benefit from them to increase their profits.
Commissions and functions
This criterion is an important one. If you choose a crypto exchange with low fees, your trades will be more profitable. However, if your crypto exchange charges high fees, your profits will decrease.
It is also a good idea to choose a crypto exchange that offers some extra features you could benefit from.
Where to Store Crypto in the UK?
The best way for long-term storage of crypto is with a cold wallet. A cold wallet is kept on a platform which is not connected to the internet. That platform could be an USB drive or other hardware that secures your crypto assets from illegal access, cyber attacks, and other risks that an online platform is vulnerable to. A great cold wallet is considered Ledger Nano X, which is a piece of hardware that looks like a USB drive.
For quick payments, you can use a hot wallet. A hot wallet is connected to the internet, and it is more vulnerable to cyber attacks and other risks. A great and secure hot wallet is Coinbase Wallet, which does require you to have a Coinbase crypto exchange account to use.
How to sell Bitcoin? Read more about itWhere Can I Use Crypto in the UK?
Although Bitcoin and other cryptocurrencies were created to replace fiat currencies, they have not yet done that. However, crypto is used as fund transfer options, and sometimes they are used as payment options.
But the most common use of cryptos is as investment instruments. Lots of traders and investors bought Bitcoin when it was cheap, and a lot of them have made very big profits after selling it after it skyrocketed in price.
Is Crypto a Good Investment?
Crypto investment has its risks, and all investors should be aware of that. Of course, certain cryptocurrencies are good investments, but not all of them are. So it is very important to carefully research the market before investing in any cryptocurrency.
Read more about risks for investorsCan I Buy Something with Bitcoin?
Cryptocurrencies, especially Bitcoin, were created to be used as payment options that will be used by people all over the world.
Although they are not yet used as universal payment options, certain shops accept stable cryptocurrencies, such as Bitcoin, as payment options.
Recently, the famous designer brand Philipp Plain has become the world’s first fashion company that started accepting cryptocurrency as a form of payment. Both its brick and mortar and online stores accept 15 cryptocurrencies, including Bitcoin.
Also, there are multiple independent stores all over the world and in the UK that accept Bitcoin payments.
Hopefully, more famous companies, and not only, will start accepting Bitcoin soon.
Our Methodology
The TU experts have researched the market to select the best crypto exchanges that are regulated by the FCA or accept traders from the UK to create this rating.
Some aspects we paid special attention to while including those crypto exchanges in this rating were the fees charged by crypto exchanges, favourable trading conditions, reviews from previous users, certain features of the platforms, the number of cryptocurrencies supported and other aspects, such as educational materials. Then, we ranked them based on their overall features.
Summary
We hope that you have enjoyed reading this article and you have identified at least one crypto exchange that you will enjoy trading with. We want you to remember that you should carefully choose the best crypto exchange for you based on your preferences and needs because it guarantees that you will receive a better trading experience if you do so.
FAQs
Is crypto trading risky?
Shortly, it is considered risky. However, it can be extremely profitable in certain situations.
Should UK traders trade with FCA regulated crypto exchanges only?
UK traders can trade with non-FCA regulated crypto exchanges as well, as long as those crypto exchanges accept traders from the UK.
Can I use my regular online broker for trading crypto?
If that broker supports crypto, you can use it. However, crypto exchanges usually offer better trading conditions and opportunities than stock brokers when it comes to crypto.
Is crypto trading for everyone?
Crypto trading is not something everyone can do successfully. Lots of traders lose money after buying highly volatile cryptos hoping that they will suddenly go up in price and they will make huge profits. So, you should not risk the money you can not afford to lose while trading crypto.
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Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.