Best Crypto Exchanges and Platforms of 2024 Licensed and Regulated

These exchanges are known for their extensive selection of cryptocurrencies, catering to both novice and experienced traders looking for diversity in their investments. In choosing the right crypto exchange in the UK, factors like security, regulation, fees, user experience, market variety, and customer support are essential. Each platform, from eToro’s user-friendly interface to Kraken’s vast market variety, offers unique benefits tailored to different user needs. It’s crucial to assess these features in light of your own trading habits and security requirements. Bittrex Global is one of the best exchanges for choice of cryptocurrencies, with over best bitcoin exchange uk 250 on offer, far overtaking most of the competition. However, its taker fees start from 0.75% – much higher than some of the more popular platforms, such as Gemini – so its variety of coins is at least partially offset by the higher transaction fees.

Binance – The biggest and most feature-packed cryptocurrency exchange

This can be a good way to slowly build up a stash of BTC without trying to time the https://www.xcritical.com/ market. In practice, Coinbase and Kraken are quite similar and there’s not much separating the two. However, Coinbase does have slightly higher fees for low-volume users.

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It’s worth reading the deposit and withdrawal guides in particular – if you use SWIFT, your withdrawal could cost you up to £35. Kraken Pro, which is free, has a broad range of advanced trading features. Its interface is also fully customisable, so you can include as many data-displaying tabs and panels as you’d like. This feature, known simply as CopyTrader, allows you to view and mirror trades made by experienced investors. Uphold offers a seamless user experience and a straightforward fee structure. On top of that, it has several exciting features like it’s debit card.

Top Picks Compared for UK Investors

Therefore, as an investor, it is preferred to choose a crypto exchange that supports a wide range of cryptocurrencies on their platform. They are subject to regulation by the Financial Conduct Authority (FCA). Exchanges must comply with specific requirements, including anti-money laundering (AML) and know-your-customer (KYC) rules. Many investors choose Coinbase for its strong security and user-friendly design, even with its high fees. The platform stores 98% of funds in cold wallets and mandates two-factor authentication for all users.

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For its user-friendly and secure platform and comprehensive educational resources. See which crypto exchange is right for you and learn how to start investing in crypto today. The starting fee is 0.075% and reduces based on your 30-day trading volume.

Discover the Best Crypto Exchanges for UK Traders and Investors

Those that do not have a public address displayed on their website and are essentially anonymous entities may be fake or could require more scrutiny. Decentralised exchanges like PancakeSwap may also have promotions, such as token airdrops and exclusive NFTs. Read our comprehensive guide to learn about the Phemex invitation code and its sign-up bonuses for new users.

Which crypto exchange in the UK has the lowest fees?

For example, when you set a market order, it goes into the order book, and the crypto exchange will try to match the order with the best available prices. Alternatively, you set the price with limit orders, and the crypto exchange will match sell orders at the same value. With over 30 coins available to stake, Uphold offers a range of ways to earn money.

Additional Considerations for UK Users

The exchange charges maker/taker fees of 0.16% and 0.26% on spot trades, with futures transactions costing 0.02% and 0.05%. However, the company does offer support for a variety of deposit methods, including credit/debit cards, bank transfers, and crypto. After carefully reviewing most of the crypto exchanges within the UK, we only selected the trading platforms with the most appeal to UK users. Our research shows that these exchanges are popular amongst crypto traders in the UK. We also considered several factors such as their ties with regulators, security measures and accessibility among many others. In the end, these are the best crypto exchanges in the UK for your trading.

Cryptocurrencies are stored in wallets and exchanged on digital currency exchanges. Crypto users are given private keys, which allow them to access their bitcoins. If a hacker has access to a user’s private key, they can infiltrate wallets and steal your crypto assets.

If you are currently a user of Revolut, the easiest way to buy crypto would be through its built-in crypto exchange. It serves over 70 million verified users in more than 100 countries worldwide. Located in the US, Coinbase works closely with regulators to build a reputable brand that fosters user security. Finally, it’s worth noting that as of 2023, eToro announced that they reached 30 million registered users worldwide5. It is worth noting that a small 0.5% fee is applied when depositing in GBP.

• In a similar vein, Bitcoin ATMs are acceptable in the UK as long as they have an FCA license and are subject to FCA regulations.
• Binance uses a volume-based pricing system and all of its users can access MetaTrader 4 software.
• Peer-to-peer (P2P) crypto exchanges are platforms that allow users to buy and sell cryptocurrencies directly with each other.
• The platform boasts over two million users and is available to users in over 188 countries, including the United Kingdom.
• Catering to a wide range of users, from beginners to institutional investors, it offers a secure and convenient platform for trading and investing in a variety of cryptocurrencies.
• Uphold’s exceptional liquidity ensures competitive transaction prices, particularly during high-volume market periods.

If you prefer all the bells and whistles, though, you can always opt for Kraken Pro, with its highly customisable interface and analysis tools. Kraken is a secure and reliable platform because it takes extra steps to ensure user protection. It has real-time monitoring, offline cold storage, SSL encryption, and more. As a result, Kraken has never been hacked since it was founded in 2011.

As such, eToro UK does not have a margin trading platform for crypto assets. While fewer than Binance, Kraken offers an impressive selection of crypto assets. The platform supports spot purchases on 222 cryptocurrencies and provides access to 698 tradable markets.

Additionally, with a beginner-friendly platform and a more advanced exchange, the platform is suitable for a wide range of investors. CoinJar is an FCA-registered crypto exchange that provides a simple way to buy & sell digital currency. Initially established in 2013 as an Australian crypto exchange, CoinJar has expanded its innovative platform to residents in the UK.

In recent years, there have been multiple incidents of global exchanges being hacked and customer funds being lost. The quarterly trading volume of Coinbase is a whopping $145B and this makes it and other exchanges prime targets for international criminals. There have also been several instances of exchanges that have collapsed.

It lacks a live chat facility, but you can fill in a ticket and send it via email. EToro is a well-known crypto exchange in the UK, offering traders and investors a plethora of ways to engage with crypto trading. It boasts of the world’s largest trading and investing community, with over 20 million members across the globe. Many of eToro’s experienced and knowledgeable investors have outperformed market benchmarks.

However, with its Earn program running into a few issues, it’s advisable to be wary when storing funds on the platform. EToro is well-known for its social trading community, where traders can join and connect with other traders to share ideas and strategies or mirror the trading performance of profitable traders. As such, new investors can get involved with crypto and begin trading without much prior knowledge.

One example is eToro’s CryptoPortfolio, a basket of several cryptocurrencies weighted according to each cryptocurrency’s total market capitalisation. As of July 2024, Bitcoin, Ethereum, and BNB made up 42%, 15%, and 11% of the holdings in this portfolio, respectively. You must pay income tax on any cryptocurrency earnings you get in the UK.

This makes eToro the perfect platform from which to copy the trades of leading cryptocurrency investors and their free virtual account allows you to do this without risking any of your own funds. Although most major crypto exchanges will likely have some negative reviews, investors should look to see whether a pattern has developed of poor customer service or a sub-par investing experience. Another way that some crypto exchanges make money is through deposits and withdrawals. Although onramp and offramp services are convenient features for those who like to switch between crypto and fiat currency, many exchanges will charge a fee for this service. The exchange offers a solid selection of cryptocurrencies, with more than 200 crypto assets listed for trading. Users can access Gemini through a web interface or a mobile app for both iOS and Android.

Kraken, our analysis concludes, is the safest cryptocurrency exchange in the UK. With over 9 million users spanning 190 countries, it boasts a substantial trading volume of over $207 billion. Kraken secures assets with a cold storage system, robust encryption, and vigilant monitoring.