12 Best Cryptocurrency Exchanges in the UK in 2021 (UK Bitcoin Trading Platform)
Bitcoin has been gaining popularity in recent times. However, to buy, sell, or exchange Bitcoin in the UK, you’re going to need an exchange. Naturally, with the industry buzzing, there are plenty of Bitcoin exchanges out there that make it easy for one to buy and sell Bitcoin and other cryptocurrencies using regular fiat money (i.e. dollars, pounds, and euros). Bitcoin exchanges not only allow people to buy and trade cryptocurrencies, but they also let you store your virtual wealth in a wallet, over which you have more control.
With so many great options available in the UK, you may find it all rather complicated to pick the best cryptocurrency exchange for you, especially if you don’t know what you’re looking for. Fortunately, we’re here to help. Our team of experts have gone through and reviewed all the best cryptocurrency exchanges available in the UK and we’re here to tell you where you can find them and what’s good about them.
Features to Look for When Choosing a UK Cryptocurrency Exchange.
Before we dive into the list of the best cryptocurrency exchanges, you will first need to know what to look out for. Here are some factors to keep in mind when comparing different types of cryptocurrency exchanges that you might want to use.
Depending on your situation, you might have different needs in terms of how speedy the transactions are. You might want to read up on the cryptocurrency exchanges’ policy on how long they take to complete a transaction before you sign up for anything.
Although you’re dealing with crypto exchanges, it does involve real money. Hence, it is best for you to check out what measures they’re taken to secure the platform before signing up for an exchange.
You also need to take note of the markup over the spot price which the currency exchange charge as this could end up with you losing a lot of money if you’re not careful. So do check out different cryptocurrency exchanges and look for the best rates possible if you’re trying to be cost-effective in your exchanges.
Another factor crypto that might play an important role is where your exchange is located, especially since certain cryptocurrency exchanges require you to be in a specific geographical area in order to trade with them.
History and Reviews.
It is important for you to look up the history and reviews of a cryptocurrency exchange before signing up to find out just how reliable it is. Have they been involved in any scandals in the past? Do they get high ratings and glowing reviews from satisfied customers? These will act as a good guide for you to decide whether they are the right cryptocurrency trading platforms for you.
Different cryptocurrency exchanges support different coins. From Bitcoin to Ripple, Ethereum, and everything in between. So, do check out which coins the exchange supports to make sure you’re able to trade your desired cryptocurrency with them. Weekday evenings are generally best for me, and we can fix a day from week to week to keep things flexible.
The 12 Best Crypto Exchanges in UK.
Country: Israel Trading Fees: Depends on cryptocurrency.
eToro is an Israeli Fintech startup that has been getting a lot of recognition as an excellent social trading broking site since their establishment in 2007. Social trading on eToro allows you to observe the strategies of some of the more expert traders on the trading platform in order to maximise your own results through a method known as copy trading or mirror trading.
Here in the UK, eToro are authorised and regulated by the Financial Conduct Authority (FCA) which guarantees you an element of safety, however, as eToro is a multi asset trading platform that offers trading CFD assets, eToro can present a high risk option for traders who don’t have a thorough understanding of CFDs. Aside from cryptocurrencies, Binance eToro also offers 0% fees on stock trading which for investors makes it a trading platform to take seriously.
Plus, you will get a free bitcoin wallet in the UK once you have registered an account with them.
Country: UK Currency: GBP Trading Fees: 0.25% Available Cryptocurrencies: 13 including Bitcoin, Ethereum, Ripple, and more.
CoinJar is one of the best cryptocurrency exchanges in the UK and they come highly recommended since their establishment in 2014. Many people have compared their experience to just like using their regular banking system, making CoinJar the best cryptocurrency exchange in the UK for beginners. Not only is the user interface simple to use, but they also have an excellent customer support team that will help you through any issue.
If you are completely new, you can read our guide on how to buy bitcoin in UK which will take you through the process step-by-step.
It is not surprising to see CoinJar quickly rising up to be one of the most popular exchanges in the UK, and for good reason. This crypto exchange provides an excellent platform that is easy to use with some of the lowest fees in the industry.
On top of that, the crypto exchange even comes with an android and iOS app for those interested to make buy and sell cryptocurrency on their mobile. CoinJar even accepts plenty of payment methods for you to top up funds into your account to make buying your first cryptocurrency as smooth sailing as possible.
Country: UK Currency: GBP, USD, EUR Trading Fees: Depending on trading volume Available Cryptocurrencies: 70+ including Bitcoin, Ethereum, and more.
CEX is a good crypto exchange for those living in the United Kingdom considering the company’s HQ is based in the UK. This allows some great benefits, such as greater security, faster payments, and the option to pay with GBP. CEX is also one of the few crypto exchanges that allow you to use Visa or Mastercard to deposit funds.
As for the supported cryptocurrencies, CEX.io supports more than 70 different crypto coins such as BTC, ETH, BCH, BTG, DASH, LTC, XRP, XLM, ZEC, MCH, BTT, and TRX. Aside from that, the cryptocurrency exchange is also known for having good support. They even have an app for you to conduct your crypto trading on the go!
Country: UK Currency: Almost all Trading Fees: 0.5 – 5% Available Cryptocurrencies: 195+ including Bitcoin, Ethereum, and more.
ChangeNOW is an excellent cryptocurrency exchange platform in the United Kingdom for experienced users that offers support for a similar amount of coins to Binance. So, if you’re looking for an alternative to Binance
, then this is the perfect option.
ChangeNOW is a limitless non-custodial exchange that’s incredibly safe and is also a great choice for both retail and high volume traders. The cryptocurrency exchange trading platform is easy to use for both beginners and experienced users. Additionally, there are many online reviews that boast their support team’s responsiveness and attentiveness, meaning you will surely be left in great hands.
Country: UK Trading Fees: Depends on the transaction Available Cryptocurrencies: Bitcoin
, Ethereum, Bitcoin Cash, Litecoin, EOS.
While Coinburp crypto exchange UK does not support as many coins as the other exchanges in the UK, their strength lies in the simplicity and speed of their system. Just like the powerful CEX.io, they use UK Faster Payments Service (FPS) for you to deposit fiat currency instantly from your UK bank account.
The downside to this cryptocurrency exchange, however, is that it does not offer any other payment methods available other than a cash deposit. Coinburp is a user-friendly trading platform that really caters to the easy-in, easy-out market, with extremely low fees overall.