Top 7 Best Crypto Apps in the UK (2024)
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Crypto apps are helpful tools for traders to exploit the crypto market on the go. As more UK citizens begin to delve into the crypto space, we thought it necessary to provide information on the best crypto apps in the UK, especially for beginners. This article reveals the 7 best crypto apps and offers helpful tips on features to look for when choosing a trading app.
Start trading cryptocurrencies right now with Coinbase!Top 7 Best Crypto Trading Apps in the UK
To determine the best app for crypto trading UK, our team analyzed many crypto apps available in the UK. We rated them based on intuitiveness, depth of analytical tools, research materials, range of crypto assets, and execution speed.
Best Cryptocurrency Trading Apps UK 2024
| App | Best For |
|---|---|
Best of All |
|
Best UK client experience |
|
Best for Crypto Copy Trading |
|
Best for Spot Trading |
|
Best for competitive fees |
|
Best for Security |
|
Best for Customer support |
Best UK Crypto Trading Apps Comparison 2024
| Broker | Min/Max Taker Fee |
Min/Max Maker Fee |
Bank Card Deposit | GBP Support (Yes/No) | Coins | |
|---|---|---|---|---|---|---|
0.04% - 0.50% |
0.00% - 0.50% |
Yes |
Yes |
148 |
||
0.25% to 0.10% |
0.16% to 0.00% |
Yes |
Yes |
35 |
||
0.50% |
0.50% |
Yes |
No |
20 |
||
0.26% to 0.00 |
0.16% to 0.00% |
No |
Yes |
90 |
||
0.04% to 0.40% |
0.10% to 0.40% |
Yes |
Yes |
150 |
||
0.00% |
0.04% to 0.06% |
Yes |
Yes |
49 |
||
0.20% |
0.20% |
Yes |
Yes |
150 |
Coinbase - Best at All
Coinbase is one of the largest crypto exchanges and the best crypto exchange UK. Since 2012, Coinbase has grown to be a leader in the cryptocurrency space, serving well over 73 million users. UK users have access to more than 140 cryptocurrencies for trading and investments. Investors and traders can feel at ease as this exchange is FCA regulated and is listed on the Nasdaq stock exchange in the US. Also, Coinbase is insured against losses from theft and cybersecurity breaches.
The exchange offers Coinbase and Coinbase Pro to fulfill its mission to attract all traders and investors. Coinbase Pro is designed for advanced traders as it provides sophisticated tools and even more coin offerings.
The coinbase crypto currency app UK is easy-to-use, with tools to assist new traders. It is available on iOS and Android.
👍 Pros
• Provides a large pool of cryptocurrencies.
• High liquidity protects investors from price slippage.
• GBP base account support.
• User-friendly app interface.
👎 Cons
• Relatively high transaction costs on Coinbase.
• Less reliable customer support.
CEX.IO - Best UK Client Experience
CEX.IO launched its UK platform in 2013. With over 4 million customers worldwide, this exchange prides itself as one of the first platforms to introduce GBP fiat currency options to trade cryptocurrencies. The online crypto exchange platform offers over 105 cryptocurrencies and 225 pairs. Its platform provides a satisfying user experience. UK traders can fund their accounts directly in GBP using bank cards or direct bank transfers.
Additionally, UK customers have 3 unique products to choose from- CEX.IO, CEX Direct, and CEX.IO Broker, as well as hot wallets to store security keys.
The mobile app allows traders to keep track of orders and stay in control on the go. Users can withdraw or deposit fiat and crypto seamlessly using app-generated QR-codes. It also provides analytical tools and real-time information on market trends. Android and iOS versions are available for smartphones and tablets.
👍 Pros
• Unique QR-code plus security features for safety
• Secure, FCA regulated platform
• Loan offering using crypto as collateral.
• Supports GBP fiat currency.
👎 Cons
• Relatively low liquidity.
• Tedious verification process.
eToro - Best for Crypto Copy Trading
Established in 2007, eToro, is arguably the best social trading platform. It is regulated in the UK and has a low-risk profile. Not only does the Fintech company charge no fees on trading stocks and ETFs, but it provides an opportunity for less-experienced traders to copy trades of professional crypto and forex traders. If you are new to crypto trading and making money by trading is your goal, this platform is ideal. The platform provides 20 different cryptocurrencies to trade with spreads between 0.75% and 5%. You can trade major coins like Bitcoin, Ethereum, Litecoin, and Cardano, to name a few.
The eToro app, available on iOS and Android, has a clean, smooth design and is easy to operate. It also contains helpful features like two-step authentication for improved security, educational tools for beginners, and a predictive search function.
👍 Pros
• User-friendly interface.
• Ideal for copy trading.
• Multi-asset platform for cryptos and stocks.
• Low fees.
👎 Cons
• Only 20 coins are available to trade.
• No GBP base account support.
Kraken - Best for Spot Trading
If you are a conservative crypto trader and want to buy cryptocurrencies and sell them at higher prices, you should consider Kraken. We think it to be the best crypto app UK for spot trading, ideal for day traders. This FCA-regulated platform offers competitive fees between 0.9% and 2% and zero minimum deposit. Although it does not provide bonuses or promotions for UK traders, it still packs good features. More experienced crypto traders will find the advanced analytical tools invaluable.
Is Kraken Safe?Kraken has 3 distinctive apps available for download on iOS and Android devices.You can choose from the Kraken, Kraken Pro, or Kraken Futures app. Each of the apps packs unique features. The Kraken mobile is best for beginner traders, as its user-friendly interface and Instant Buy feature provide an easy way to trade and convert cryptocurrencies. Kraken Pro and Kraken Futures are designed for professionals and advanced traders.
👍 Pros
• Wide selection of cryptos.
• Low fees on advanced trading accounts.
• Multiple apps for Android and iOS.
👎 Cons
• meager educational resources for beginners.
• No Bank cards and e-payments support.
Crypto.com - Best for Competitive Fees
Crypto.com is an online cryptocurrency exchange that focuses on Decentralized Finance (DeFi), an innovative financial technology that aims to disrupt conventional banking systems using distributed cryptocurrency ledgers. Crypto.com has over 10 million users in 90 countries and offers clients an easy way to trade, stake, and invest in NFTs and much more.
The trading fees on this platform are pretty competitive, with fees capped at 0.4% and good discounts. Users qualify for more discounts if they hold at least 5000 units of its native token, Crypto.com coin (CRO). Higher volume trading attracts maker and taker fees as low as 0.04% to 0.1%, respectively.
Crypto.com's mobile app is intuitive and works well for those accustomed to mobile trading. It is available for Android and iOS and includes all the tools needed to trade. Using the app, you can earn by staking your crypto. It also supports fiat currencies, including USD, AUD, EUR, and GBP.
Is Crypto.com safe?👍 Pros
• Supports over 150 cryptocurrencies.
• Competitive fees and discounts.
• The platform provides a unique cryptocurrency-based ecosystem.
👎 Cons
• Lower fees are only available to holders of CRO.
• Slow customer support.
Coinjar UK- Best for Security
Established in 2013, Coinjar is a crypto exchange platform and wallet. Coinjar UK serves both newbies and experienced traders in the UK. Using this platform, you can securely buy and sell crypto assets fast and efficiently and store up to 49 crypto assets, including Bitcoin, Ripple, Stellar Lumens and Uniswap. Users in the UK can fund their accounts in GBP using bank transfers or cards. Also, they can feel at ease using Coinjar UK since it was recently registered with the FCA in January 2023.
Coinjar's dedicated Android and iOS apps allow you to buy and sell cryptocurrencies on the go. With this fully-fledged app, you'll have access to all 49 cryptocurrencies for trading and more as the company expects to make more coins available in the future. With deposits as low as £5, you can enjoy a fast and secure trading experience.
Another feature that distinguishes the app is its guaranteed security. Coinjar incorporates the best security elements, including Transport Layer Security (TLS), encryption, and two-factor authentication. The platform uses machine learning technology to recognize suspicious activity on users' accounts.
👍 Pros
• Most popular coins are available to trade.
• Dedicated crypto credit card.
• User-friendly app.
• Top-notch security features.
👎 Cons
• Limited range of cryptos to trade.
• Some bank card deposits attract higher fees.
Currency.com - Best Customer Support
Most traders would love to use a platform that guarantees the timely resolution of any issues while using the platform. If you are one of them, you might want to consider using Currency.com. Currency.com was established in 2009 and is based in Gibraltar, the UK, and Belarus (headquarters).
The platform specializes in tokenized assets, including equities, bonds, indices, and commodities. An incentive for using currency.com is that you can trade all kinds of assets without the need for crypto-fiat conversions.
Currency.com’s customer service is accessible 24/7 on various social media platforms, including Whatsapp, Facebook, Telegram, and Live chat.
👍 Pros
• Referral trading commissions.
• Negative balance protection.
• High leverage on all asset classes.
• Offers tokenized forms of over 2000 assets.
👎 Cons
• No lending services are available, unlike other crypto exchanges.
• Tokenized assets are riskier to trade due to government reservations.
What to Look for in a Crypto Trading App
Most Fintech companies and crypto exchanges have developed mobile versions of their platforms. But the problem lies in choosing the right one as so many apps are available. However, while choosing the best crypto app UK will largely depend on your goals and trading skills, here are 5 must-have features to consider when choosing one:
Easy of use
If you are new to trading, you will need a cryptocurrency app UK that's user-friendly. Having one is vital because newbies find navigating crypto apps hard most times. Make sure the app has features you can understand to avoid making mistakes that could cost you.
Compatibility
Most crypto apps can run optimally on Android and iOS devices. But to avoid encountering bugs and glitches, it's best to check the operating system requirements of the app on the store before downloading. Make sure your device meets the minimum requirements for the app.
Supported crypto assets
Most exchanges will have major cryptocurrencies like Bitcoin and Ethereum available to trade. But if you wish to trade a specific set of coins, you will need an exchange that offers them.
Security
Ensure the crypto app has top-notch security features to safeguard your privacy and assets. Before you download any app, check out users' reviews and safety ratings to see whether the exchange has ever been hacked. Go for apps with added layers of security like biometric login, 2FA, and encryption technology.
Fees
One way to minimize cost and maximize profits is to use apps with lesser fees and commissions. Check out the deposit and withdrawal fees charged by the exchange to make sure they match your goals.
How to Choose a Crypto App in the UK?
Choosing a suitable crypto app to use will largely depend on your skillset and financial motives. Your desired crypto app should help you achieve your goals in the best possible way. To guide you in making the right decision, you should take the following steps:
Do extensive research on crypto trading assets
Before diving into cryptocurrency trading, you should first do a lot of research on crypto-assets to understand how crypto works. The crypto space is so vast, and it's still evolving. New tokens and ecosystems are emerging.
As you broaden your knowledge, making informed decisions and taking calculated risks becomes easier.
Learn regulation and reliability
Crypto trading is not regulated in many countries. Some nations have also restricted the use of crypto, citing its volatility and vulnerability. In countries like the UK, where there are no laws against crypto trading, safeguarding your assets should be paramount. Therefore, examine experts' reviews about the broker to get insights into their authenticity. Choose only apps of brokers with a proven track record. Interestingly, all apps we reviewed above are FCA-regulated fintech companies' products.
Explore App's Functionality
In choosing the right app to use, look for apps that have specific features. The app should provide helpful tools like real-time charts, technical analysis, risk management, and price alerts.
Open an account
The last step in choosing a suitable app is the account opening process. Signing up should be fast and straightforward. Yet, some exchanges require much documentation. While such procedures may be necessary to ensure security, they might delay the activation time for your account. To avoid such issues, go for an app that allows you to activate your account without the rigorous verification process until you wish to make deposits or withdrawals.
Best Crypto Trading Apps for Beginners in the UK
Beginner traders will need guidance to delve into crypto trading. Trading cryptocurrencies attract a high level of risk. But, you can mitigate these risks by using applications that allow you to mimic and learn from the trading strategies of more experienced traders. For instance, eToro offers a convenient way for novice traders to explore the crypto space using its social trading platform.
Also, apps that provide valuable training materials like videos, webinars, training modules, and even glossaries are the best for beginners.
Is Crypto Trading Legal in the UK? Is it Safe?
Interest in crypto trading has been on the increase since the arrival of Bitcoin in 2009, and there are no indications it is going to slow down anytime soon. Many people today use cryptos to pay for goods and services, and more importantly, as an investment to make more money. Yet, there are no uniform international laws on the regulation of cryptos. The number of countries that limit the use of cryptocurrencies keeps increasing. Countries like China, Egypt, Tunisia, and Iran, to name a few, have severely restricted or banned cryptocurrencies outright.
What about the United Kingdom? The UK government's position on crypto is still developing. Although it does not consider crypto assets illegal, the FCA and Bank of England have issued strict warnings on the use of cryptocurrencies. A report by the UK Cryptoassets Taskforce shows that some crypto assets such as 'e-money tokens' are subject to regulation by the FCA.
If you engage in crypto trading, you should know it is a risky, volatile investment. While it offers an opportunity for massive profits, you could lose all your money. It's safer to use forex brokers that offer crypto instruments for trading. You may also consider buying shares of crypto companies or using only well-regulated cryptocurrency exchanges.
Crypto Exchanges in the UK - Best Reviews
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Comment
The platform's fees are notably high compared to other exchanges, eating into profits and making trading less attractive. Additionally, Coinbase's customer support can be slow and unresponsive. Overall, while Coinbase may be popular, its high fees, sluggish customer support, and limited coin offerings make it less than ideal for many traders.
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Comment
My experience with CEX.io was disappointing. Despite the promises of reliability, I encountered numerous issues that soured my trading experience. One major problem were frequent outages and slow response times during periods of high market activity. These disruptions often led to missed opportunities and financial losses.
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Comment
eToroX is a good crypto company. Withdrawals take about 30 minutes. I don’t withdraw often, but the money always comes within the specified time. The support works great — if there are problems, they will definitely help you.
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Comment
Kraken offers a wide range of cryptocurrencies and has a solid reputation in the industry, but serious issues with usability, customer support, and reliability detract from its appeal as a crypto exchange option.
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Comment
Crypto.com has a lack of transparency regarding certain features and promotions, leading to confusion and mistrust among clients. Crypto.com may offer some attractive features and services, but these problems with customer support, fee transparency, and communication detract from its appeal as a crypto exchange.
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Comment
I also want to insert five kopecks about CoinJar because I have been working with this cryptocurrency exchange for several years and I have an opinion. There are many assets for trading, including coins, fiats, and even exotic coins. The fact that there is no public listing on the platform is a good thing. There is no need to worry that some dubious cryptocurrencies will be included in the list. The disadvantage is the lack of classic investment decisions. Those who seek passive income have no business on this site.
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Comment
I earned in a month, withdrew and even managed to spend 3000 bucks with Currency.com. A real exchange that honestly withdraws money! I advise!
FAQ
Are there extra charges for using crypto apps in the UK?
No. Most apps are free to download, requiring no subscription fee, while others are only mobile extensions of existing desktop versions.
Are brokers' fees all the same?
No. Fees and commissions vary on each platform. You can read our reviews for more information on commissions, fees, and bonuses.
Must I use only apps of companies authorized in the UK?
If you must benefit from the protection provided by the FCA, it is best to use only apps of companies that fall under its regulatory oversight.
Which is the best crypto trading app UK for beginners?
Beginners can benefit from mimicking the trading strategies of professional traders. Use apps with easy-to-use platforms that allow beginner traders to copy trade and enhance their trading skills.
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Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
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.