The Best Crypto Exchanges in the UK in 2024

Given these distinctions, you must use caution when using the phrases broker or exchange in relation to Bitcoin trading. Bybit also features an audited proof of reserve, which means it actually holds the assets that you store on the platform. We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. The first thing we https://www.xcritical.com/ do when testing is to check every detail and test every tool and instrument. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage.

OKX – A solid alternative to Binance with web3 features

There are also decentralized exchanges (DEXs) that allow users to trade cryptocurrencies without KYC requirements. You can use Uniswap V3 for Ethereum network trading and Pancakeswap best uk crypto exchange for BSC crypto assets trading. The exchange should have robust security measures, including two-factor authentication (2FA), SSL encryption, and cold storage for storing users’ funds.

Bitstamp: No Fees For Trades Under $1,000

They are suitable for traders who prioritize security and are willing to trust the platform with their assets. Coinbase and Gemini are examples of exchanges that provide robust custodial services. Liquidity is crucial for efficient trading and refers to how quickly and easily you can buy or sell assets without affecting their price. High liquidity ensures that your trades are executed promptly and at stable prices.

Uphold – Crypto card; Cheap forex rates; 250+ Cryptoassets

• Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want. Please keep in mind that UK customers are not allowed to go short on cryptocurrencies using eToro. This is because shorting on eToro is performed through CFDs, which is a type of derivative that can’t be offered to retail customers according to UK regulations. One of Crypto.com’s best known features is its Visa card, which allows users to spend their crypto balances with all merchants where Visa is accepted. Depending on the card tier you get, you can also earn crypto cashback rewards on your spending (the cashback rewards are paid with the CRO token).

Top 5 UK Crypto Exchanges – List

When choosing an United Kingdom crypto exchange, consider the trading volume and liquidity of the cryptocurrencies offered. Platforms with higher liquidity are generally more reliable and can provide better trading conditions, especially during volatile market periods. The platform uses advanced security features, including two-factor authentication (2FA) and cold storage for the majority of its assets, ensuring that user funds are well-protected. Additionally, Coinbase is one of the few exchanges that is publicly traded, further enhancing its credibility and transparency.

The cryptocurrencies the exchange supports

Cryptoassets are high-risk investments, and you should not expect to be protected if something goes wrong. Additionally, capital gains tax may apply to profits from cryptocurrency sales. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. In the normal course of your transaction, you’ll have to pay a fee for buying or selling any crypto on an exchange.

Tax on Withdrawing Funds from Crypto Exchanges in the UK

Bitpanda is an Austrian cryptocurrency exchange that offers users a personal wallet and trading platform. The exchange has been becoming increasingly popular throughout Europe with a very well designed and easy to use platform. Coinbase is one of the most popular digital currency exchanges, based in the U.S and boasting over 43 million users. Headquartered in San Francisco, California, the platform offers both an all-in-one exchange and a wallet, making it one of the easiest starting points with Bitcoin.

• • Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
• Choosing a beginner-friendly exchange can make the entry into crypto trading more accessible and less daunting.
• Some exchanges may also charge additional fees for specific features or services.
• Revolut also offers you a discount on your tax report from Koinly, making your self assessment that much easier.
• Initially established in 2013 as an Australian crypto exchange, CoinJar has expanded its innovative platform to residents in the UK.
• Users can feel confident knowing that Coinbase operates under stringent regulatory guidelines, adding an extra layer of trust.

• Gemini is one of the few exchanges that is available in all 50 US States and more than 70 countries globally. Their ActiveTrader interface is a platform designed and built for traders and features multiple order types, advanced charting tools, and high speeds capable of executing trades in microseconds. Gemini also offers these advanced trading features through their mobile app, so you can trade on the go. You can buy, sell, and store Bitcoin and other cryptocurrencies thanks to the 117 unique cryptocurrencies and access to 144 trading pairs, slightly fewer than most popular crypto exchanges. Additionally, Gemini doesn’t offer margin trading, which can be a con for some traders. With Uphold supporting deposits using a credit/debit card, crypto, and bank transfer, the exchange is fairly easy to access.

These can include advanced charting tools, stop losses, automatic trading, copy trading, and round up features to name a few. EToro hosts one of the largest trading communities online with millions of global investors choosing between over 115 cryptocurrencies including bitcoin, ethereum and litecoin. 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.

Like the Kraken exchange that we’ve featured above, Coinbase has a stellar track record when it comes to keeping its customers’ funds safe. Without further ado, here’s our list of the best crypto exchanges for users from the UK available in the market right now. 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. Whether you’re a crypto newbie just starting or an expert looking to try different exchanges, this review will come in handy. According to CoinMarketCap Spot Ranking list, KuCoin ranks as one of the top #5 cryptocurrencies trading Exchanges thanks to its user-friendly experience for both professionals and beginners.

This integration of crypto with everyday spending enhances the utility of digital assets for UK residents. Bitget has rapidly established itself as a premier choice for British crypto enthusiasts since its inception in 2018. Renowned for its comprehensive features, it supports over 500 cryptocurrencies, making it a versatile platform for traders of all levels. Bitget’s standout features include futures trading and an industry-leading copy trading platform, attracting both novices and experienced traders.

On CoinJar UK Limited, users can switch to the CoinJar exchange to access better charting software and an extensive range of technical indicators. In practice, Coinbase and Kraken are quite similar and there’s not much separating the two. On Coinbase, taker fees start at 0.6%, while the initial fee tier on Kraken is just 0.16%. While we are independent, we may receive compensation from our partners for featured placement of their products or services.

One of the standout features of KuCoin is its advanced trading capabilities. The platform supports a variety of trading options, including spot trading, futures, margin trading, and peer-to-peer (P2P) trading. Additionally, KuCoin provides sophisticated tools such as stop-limit and stop-market orders, catering to users who engage in more complex trading strategies.

Also it’s important to note that you can always sign up to other exchanges later. The exchange you choose will be interoperable with most devices, desktop and mobile, and will allow you to withdraw to your own personal hardware wallet. Every month, we’ll send you The Plug – a curation of the best personal finance content in the UK.