Best Crypto Exchange UK 5 Best Bitcoin Exchanges in 2022

You can choose your crypto exchange based on your preferences and requirements. However, we would recommend you to select those exchanges which are not only regulated by top global authorities but also enhance your trading experience by keeping your investment safe. Though investors have many options in terms of choosing their crypto exchange, however, there are only a few exchanges that do not hide their fees structure. It is essential to choose the right exchange that does not mislead the investors with its overlapping charge structures, and discounts.

Kate Steere is a deputy editor at Finder, specialising in fintech, cryptocurrency and banking. She has previously written for The Motley Fool UK and Fitch Solutions, where she covered a wide range of personal finance topics and kept a close eye on market trends. Kate has a Bachelor of Arts in Modern History from the University of East Anglia.

Trading on CoinJar comes with a small percentage fee, which is slightly higher if you purchase crypto using its Instant Buy option. The FCA has set guidelines for crypto businesses, such as conducting proper due diligence on customers and implementing anti-money laundering (AML) measures. However, you must undergo a Know Your Customer (KYC) process before withdrawing assets.

This makes it highly conducive for actively trading digital currencies, as opposed to buying and storing them for several years. Although Binance was only launched in 2017, it is often home to the largest daily trading volume and liquidity in the cryptocurrency industry. If you’re interested in staking, Gemini is one of your best options, https://www.xcritical.in/ as the platform has a dedicated feature called ‘Gemini Earn’. With this feature, you can earn up to 8.05% APY on your holdings, which is far higher than you’d get with a regular bank account. The great thing about this feature is that there’s no lock-in period – users can transfer their crypto around whenever they please.

• Remember to beware of exchanges that list valueless tokens and always do due diligence before investing.
• Nevertheless, all of the best cryptocurrency exchange UK providers that we discussed on this page support debit cards and bank transfers.
• After reviewing dozens of well-known providers, we found that the best crypto exchange in the UK is eToro.

With Mode, you can link your UK bank account to your Mode account and start moving money in seconds. Aside from stocks, EFTs, and many CFD markets, eToro currently provides you with the opportunity to purchase 23 cryptocurrencies, Bitcoin being one of the biggest ones. Buyshares.co.uk provides top quality insights through financial educational guides and video tutorials on how to buy shares and invest in stocks. We compare the top providers along with in-depth insights on their product offerings too. We do not advise or recommend any provider but are here to allow our reader to make informed decisions and proceed at their own responsibility. Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss to your capital.

Once you have typed the name of your desired crypto, click on the “Trade” button, and enter the amount that you would want to invest in that crypto. Then, create your login credentials by entering the necessary information, such as your name, address, user name, phone number, and email address. As with any asset, the values of digital currencies may fluctuate significantly…. As with any asset, the values of digital currencies may fluctuate significantly. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

This means that you can trade your chosen digital currency without paying any fees, however, you pay a small 0.5% FX fee when you make a deposit. On the one hand, the FCA introduced a blanket ban on leveraged crypto products in January 2021 (unless you are a professional trader). However, there are waves of unregulated exchanges that will offer you leverage on cryptocurrency trades. These should be avoided at your funds are not protected by a reputable financial body. Unfortunately, the vast majority of bitcoin exchanges offering services to UK residents operate without a license. The good news is that the likes of eToro are fully regulated by the FCA, so you can buy and sell crypto in a safe and secure environment.

The fees are based on a tiered system that rewards high-volume traders with lower fees. The maker fee ranges from 0.02% to 0.20%, while the taker fee ranges from 0.04% to 0.20%. EToro is a social trading and investment platform allowing users to invest in many financial instruments, including stocks, cryptocurrencies, commodities, and more. CEX.IO was launched in 2013 as a cloud mining service that allowed users to mine Bitcoin using cloud-based technology.

Cryptocurrency is considered as a property in the United Kingdom, but not legal tender. Furthermore, Bitcoin exchanges must register with the Financial Conduct Authority (FCA) in the United Kingdom and are prohibited from trading crypto derivatives. The objective of such regulations is to ensure that consumers’ assets are safeguarded by the exchanges in this volatile industry. Bitcoins are subject to capital gains tax if they are sold, received as a form of payment from work or mining, traded from Bitcoin to another crypto, or used to purchase goods and services.

Depending on the market, you can use margin leverage trading ranging from 3X to 10X. Users must go through a mandatory KYC process to deposit or withdraw crypto funds. KuCoin, which was founded in 2017, has established itself as a one-stop solution for all crypto operations, making it a reputable exchange in the crypto sector. The exchange is also known for offering over 200 cryptocurrencies to all of its users.

Once you’re verified you can deposit cash, buy and sell crypto and activate your CoinJar Card. Every large player in this field launched a crypto app, and all those apps are available for UK-based users. Centralised exchanges maintain centralised order books and serve as a marketplace for buyers Crypto Exchange UK and sellers to transact with each other without knowing themselves. If you love trading altcoins and want an exchange that lists a variety of them, then you may want to check out YoBit. According to CoinMarketCap, Yobit has over 300 trading pairs and up to $45 million in daily trading volume.

Furthermore, Coinbase’s platform only allows for spot trading; it does not allow for leverage trading. Coinbase Pro is a premium feature of this cryptocurrency broker that allows you to trade by placing a limit order on the chart. San Francisco-based Coinbase is one of the most popular cryptocurrency exchanges in the world (over 100 million users) and offers its services to a European audience. We made the work easier for you by providing this list of the best cryptocurrency exchanges in the UK.

In fact, in the 24 hours prior to writing this guide, the platform facilitated more than $17 billion worth of cryptocurrency trades. On top of offering one of the most extensive numbers of cryptocurrency trading markets, Binance is also renowned for offering super competitive fees. While eToro and Coinbase are popular options for those who wish to buy and sell cryptocurrencies, Binance is great if you are planning to day trade or swing trade.