7 Best Crypto Exchanges in UK (2024 Reviews)

As an investor in the UK, you can now access a wide range of crypto exchanges. But selecting an exchange with a bad reputation could expose you to security risks, high trading fees, lack of liquidity, poor customer support or an inconvenient user interface.

We researched over 48+ crypto exchanges in the UK, and selected the 7 best, so you don’t have to. The research process was challenging because of the changing crypto market situations. We overcame that with frequent updates. Read more…

Best UK Crypto Exchange: Top Picks!

Expert Advice:

We recommend selecting a crypto exchange that allows you to earn on your idle crypto holding with yield generating products like staking, lending, liquidity farming, dual investment etc.

1) Uphold

Best for multi-asset trading

Uphold hosts a wide variety of tokens and tradable coins. You can also access foreign exchange and precious metals, or minerals. It works with the crypto market for a direct swap instead of conversion to fiat. KYC verification is a must to access advanced features.

Uphold is amongst the best crypto exchanges for security. This cryptocurrency exchange has layered defenses and encryption for wallet security. It also runs a bug bounty program to find the crypto trading platform’s flaws proactively. You can set up your two-factor authentication for added security to your account.

Stake using Solana, Tezos, and Ethereum cryptos to earn interest. Remember, you might incur capital gains tax on your earnings. Withdraw your rewards to the Uphold Mastercard and spend on the crypto exchange. It provides higher cashback if you pay on Uphold rather than elsewhere

#1 Top Pick

Uphold

5.0

Best Feature: Multi-asset trading

Coins Supported: 250+ coins, including BTC, ETH, XRP, ADS etc.

Supported Payment Methods: Debit and credit cards.

Price: Free

Visit Uphold

Features:

• It is one of the exchanges in the UK with a vast collection of hard-to-find altcoins and trading tools.
• You won’t incur trading fees on staking, and you can earn up to 25% interest.
• This crypto exchange has over 50 US stocks.
• You can control the number of orders using the Exclusive Limit Orders Feature.
• This crypto exchange allows you to automate your trading strategies to manage price volatility.
• Uphold publishes all crypto holdings and transactions instantly.
• Listed cryptocurrencies: Over 200 cryptocurrencies.
• Mobile support: Available on iOS and Android.
• Supported payment methods: Debit and credit cards.

Trading Fees:

Uphold is a financial platform offering free account opening and a minimum deposit and withdrawal of $10. Deposits are free, except for a 2.49% charge on debit cards and 3.99% on credit cards. Withdrawals are also free, barring network fees between crypto wallets. A free trial with instant withdrawals is available.

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Free Wallet

2) Binance

Best for P2P trading

Binance has an elegant user interface, competitive fees, and a variety of charts. It’s low spot crypto trading fees make it one of the best in the market to trade bitcoin and other cryptos. Trading Binance’s token BNB and Bitcoin gives you the best crypto exchange value as it offers specialized BNB and Bitcoin exchange services.

Binance’s Simplex facilitates liquidity on the crypto trading platform with swift wire transfers and credit card top-ups. It is the best crypto exchange for peer-to-peer trading with record low fees. You can use Binance on Brave widgets for fast and secure browser crypto trading, making it easier to manage your crypto portfolio.

Features:

• Binance is the cheapest crypto exchange for all transactions involving Bitcoin trading pairs.
• It has a detailed portfolio section to easily monitor crypto assets and wallets.
• You get a comprehensive NFT section with offers, such as fan tokens and mystery boxes.
• Use Binance Pay to receive crypto payments in your business.
• You can earn interest by staking your crypto funds.
• This crypto exchange has a secure asset fund to ensure 10% of all user deposits.
• Personalize access to your crypto exchange account by restricting addresses or devices.
• It offers advanced data encryption to protect your crypto exchange account and deposits.
• Listed cryptocurrencies: Over 3500 cryptocurrencies
• Mobile support: Available on iOS and Android.
• Supported payment methods: Bank transfers and debit/credit cards.

Trading Fees:

Binance, a popular cryptocurrency exchange, offers a user-friendly experience with a $0 account opening fee and a minimum deposit requirement of just $1. Withdrawals start at $1, but domestic wire transfers have a $100 minimum. Deposits are free, while withdrawal fees vary based on the blockchain network, such as ETH or BTC. Binance also provides a free account option with an instant money-back guarantee and no time limit for a risk-free trial.

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3) StormGain

Best for beginner traders

StormGain is popular among traders for leverage broking as it offers reasonable market rates and a simple interface to trade crypto. The Cloud Miner tool allows you to generate crypto coins with no commissions. Use the crypto trading terminal on your browser to get more features on the Cloud Miner. You can subscribe to the investment deposit program to earn up to 12% interest.

Its loyalty program is lucrative and gives you an extra option to boost your earnings. Offers advanced features that experienced crypto traders. You can customize your dashboard to fit your trading preferences. It is one of the best crypto exchanges with instant transactions.

Features:

• Earn daily interest on Bitcoin deposits and mining, making it a suitable bitcoin exchange.
• You get 0% trading commissions on all transactions.
• It’s one of the few exchanges where you earn up to 500X leverage on futures for any trading volume.
• You can use signals provided by StormGain to get alerts on market fluctuations.
• Use StormGain News and the blog section for cryptocurrency updates.
• It is the best crypto exchange for using the Islamic account feature.
• Listed cryptocurrencies: Over 100 cryptocurrencies
• Mobile support: Available on iOS and Android
• Supported payment methods: Crypto wallet, Simplex (Visa and MasterCard), debit/credit cards, and SEPA bank transfer

Trading Fees:

StormGain is a user-friendly cryptocurrency trading exchange in the UK with a $0 account opening fee and a minimum deposit and withdrawal requirement of $50. It charges a 3.5% fee on credit/debit card deposits, while deposits from other crypto wallets are free. Withdrawals incur a 0.1% fee and a fixed charge of 0.0006 BTC. The platform offers a free account with the benefit of instant withdrawals within 2 hours.

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4) PrimeXBT

Best for leverage trading

PrimeXBT is the best crypto exchange for specialized bitcoin and margin trading. You can punch several order types and high liquidity for instant withdrawal. All you need to do is verify your account after registering through its simple KYC registration for advanced trading features. You will gain about 100x leverage for increased profitability.

You get detailed guides on crypto trading platforms with a customizable interface. It is one of the best crypto trading platforms that provides real-time analysis of market movements to help your trades. It also has charting, trading tools, and research resources.

This UK crypto exchange has a four-tier payout system on the referral model as a commission plan. It is the best crypto exchange for third-party market analyses, such as TradingView, and you can sell Bitcoin and other cryptos with more detailed information.

Key Features:

• You can buy crypto at actual market prices.
• Improve your profitability by using leverage trading.
• It has swift order execution with low trading fees.
• Share your trades and earn up to 20% commission on all profits.
• Use the fixed deposit to get about 14% interest, and you can withdraw anytime.
• Trading View Interface: PrimeXBT offers an advanced Trading View interface with comprehensive charting tools and analytical features, catering to both novice and experienced traders.
• Adjustable Leverage: The platform provides leverage trading, allowing users to trade larger positions than their initial capital. PrimeXBT offers up to 100x leverage on cryptocurrencies.
• All-in-One Platform: PrimeXBT is a multi-asset platform enabling users to trade in a wide range of markets, including cryptocurrencies and forex, from a single account.
• Come with Crypto – Trade Traditional Forex Instruments: Users can deposit cryptocurrencies and use them to trade in traditional forex markets, offering a bridge between crypto and conventional financial markets.
• Listed cryptocurrencies: Up to 24 major cryptocurrencies.
• Mobile support: Available on iOS and Android.
  
• Supported payment methods: Gift cards, debit/credit cards, online wallets, and bank transfers

Trading Fees:

PrimeXBT is a user-friendly trading platform with a $0 account opening fee, a minimum deposit requirement of just 0.001 BTC, and low withdrawal fees of 0.0005 BTC. It also offers a free trial account option for users to experience instant withdrawals without any initial cost.

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5) Paybis

Best to access a wide range of fiat currencies.

Paybis is the best crypto exchange for liquidity and supports crypto and fiat currencies like the Euro, US dollar, and Pound Sterling. The Financial Conduct Authority regulates this UK crypto exchange.

The registration process is swift with AML and KYC compliance. It saves you time, with verification taking about 15 minutes more than most crypto exchange platforms. It allows you to convert your fiat currency to crypto at no extra cost.

Paybis uses advanced encryption and two-factor authentication to store your crypto coins. It also pauses suspicious transactions on your account pending review. It is among the best cryptocurrency trading platforms with transparent trading fees defined for every payment method.

Features:

• Buy crypto using a debit or credit card, Neteller, Skrill, and bank account transfer.
• Get your first transaction free and receive bonuses on crypto purchases with Paybis.
• Access your account in 48 US states and over 180 countries.
• Low fees and low payable commissions on your trades.
• Quick security checks to optimize your trading experience.
• It has instant payouts and high liquidity.
• You can access up to 47 fiat currencies.
• Verify your account to use its advanced features.
• You get a detailed guide on how to use Paybis.
• Link your external wallet addresses, including other crypto trading platforms.
• It has a news section with regular updates from the CEO and top representatives.
• Listed cryptocurrencies: Over 200
• Mobile support: Available on Android and iOS.
• Supported payment methods: Skrill, Neteller, bank transfers, and credit/debit card.

Trading Fees:

Paybis is a user-friendly cryptocurrency exchange with a $0 account opening fee and a low minimum deposit and withdrawal requirement of $5. Deposits incur a 0.99% commission or a $2 fixed fee for bank transfers, while withdrawals are subject to a 2.49% commission. Additionally, they offer a free account with a 30-day refund policy for a risk-free trial.

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6) Coinbase

Best for a user-friendly interface.

Coinbase uses a spread fee structure on purchases and sales. The rate changes depending on market conditions. You can export your crypto wallet content to other wallets and crypto exchanges. This cryptocurrency exchange provides rewards when you use certain resources and review all new coins before listing them to protect the platform from fraudulent cryptocurrencies.

It is the best crypto exchange for managing your crypto portfolio. The user interface is quite simple. You can also increase your transaction limits by completing KYC verification. Their low deposit minimum allows you to measure your investment accordingly.

Features:

• It has a dedicated portfolio section for easy management and tracking.
• You can schedule your crypto purchases on the crypto exchange.
• Use the vault to save and delay withdrawals.
• The crypto exchange stores all the crypto holdings offline to prevent compromise.
• It ensures user crypto deposits up to $250,000 which is more than most exchanges in the UK.
• Access the NFT section to buy collectibles.
• It has a resource center for guides, tutorials, and tips.
• Listed cryptocurrencies: More than 100 cryptocurrencies.
• Mobile support: Available on iOS and Android.
• Supported payment methods: Bank account (ACH) and debit card.

Trading Fees:

Coinbase is a user-friendly cryptocurrency trading platform with a $0 account opening fee and a minimum deposit requirement of $25. Deposits are generally free, though there is a 2.49% charge on debit/credit card transactions and a $10 fee for wire transfers. Withdrawals are also free, except for a $25 charge on wire transfers. A free trial is available, offering instant withdrawals for users to explore the platform’s features.

Visit Coinbase >>

How to buy cryptocurrency in the UK?

Here are steps to buying cryptocurrency from a crypto exchange in the UK:

Step 1) Choose a crypto exchange

The first step is to choose an exchange. The best crypto exchanges on our shortlist are Binance, Zengo, Storm Gain, PrimeXBT, and Paybis. You can visit their official sites on your browser or download their applications.

Click on the prompt to create your account or log in if you already have one on the cryptocurrency exchange you select.

Step 2) Create your account on the crypto exchange

Sign up with your details, then verify your account to access advanced features. KYC security protects the integrity of transactions to limit fraud.

Verification requires your identification card, passport, or driver’s license.

Step 3) Link a payment method and buy a crypto asset

Check the crypto coin you want, confirm the cryptocurrency exchange rate, and approve the transaction. You can manage your portfolio from your exchange in the UK, which is an auto-generated wallet.

What to Look for in British Crypto Exchanges?

British crypto exchanges vary, so look at essential features before trading in cryptocurrency. Check these aspects when choosing a crypto app in UK:

• Regulation: Check whether your selected crypto exchange has a regulatory license. The crypto exchanges must adhere to rules such as having insurance for user crypto assets. Unregulated crypto trading platforms in the UK are susceptible to mismanagement and fraud.
• Listed cryptocurrencies: You need a Bitcoin trading platform exchange, that trades with the best coins and altcoins in the market. The best crypto trading platform gives you value for your money. Confirm whether the cryptocurrency exchange reviews the credibility of cryptocurrencies before listing.
• Trading fees: The best crypto exchanges are transparent about their trading fees, while others are vague. You should know the different types of trading fees, for example, spreads. It gives you a good perspective before committing to transactions. So, you need competitive trading fees for the best value.
• Type of wallet: Cryptoexchanges can have custodial or non-custodial wallets. A non-custodial wallet is more secure than a custodial one because the cryptocurrency exchange does not hold your crypto. Cryptocurrency exchanges control custodial wallets, which puts you at more risk of fraud or a security breach.
• Security: The best crypto exchanges use security measures such as cold storage and two-factor authentication. They are essential to secure your account and assets. Other measures include email confirmations, third-party security audits, and offsite backups.
• Deposit and withdrawal methods: Select an exchange that fits your payment preference. Examples of payment options are PayPal, credit or debit card, and bank transfer. The best UK crypto exchanges are flexible in allowing you to withdraw and deposit funds.
• User Interface: An exemplary user interface makes browsing through the basic and advanced features convenient. The best bitcoin exchange offers a friendly interface to beginners and expert traders. For example, the bitcoin exchange should have clear call-to-actions to access trading tools.
• Customer support: An exchange should provide you with 24/7 support. Round the clock support is for consulting, if you have issues with your account or need help to navigate the cryptocurrency exchange. The best bitcoin trading platform should have a support team that’s responsive and well-trained.

FAQs

Best Crypto Exchange UK