Best Crypto Exchange in the UK for 2024
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The crypto market is highly volatile, which also means that it can offer investors various opportunities to improve their returns. This digital asset has been the talk of the town for some time now, and many companies are even using cryptocurrencies as payment methods.
But before you invest in crypto coins, you should first know about the best cryptocurrency exchange in the UK. This way, you can ensure that you make the most out of your investments in cryptocurrencies.
So, how can you start investing in cryptocurrencies? What factors do you have to consider when choosing a crypto exchange in the UK? And what is the best crypto trading platform you can find in the UK? We will discuss all those questions and much more in this article. But before that, let’s start by getting an overview of the best UK crypto exchange.
Best Crypto Exchange in the UK for 2024 Reviewed
When choosing the best crypto exchange in the UK, you need to assess your requirements to make the right choice. It will help you choose the best crypto trading platform in the UK. Let's go over some of the top names you can choose for investing in crypto.
eToro – Overall best crypto exchange UK for beginners
On top of the list, we have the eToro that allows you to invest in various cryptocurrencies. The Financial Conduct Authority (FCA) has regulated this platform and it holds licenses for various jurisdictions, such as Australia and the US, making it one of the top cryptocurrency brokers.
Top Features
The best thing about eToro is that it allows you access to a wide range of crypto coins. If you want to invest in other digital assets or financial products, such as stocks, you can do it through the eToro platform. Here are some of the top features that make it the best crypto exchange in the UK:
Follows complete regulations
There are no deposit or account charges
You can make payments through various modes
Allows copy trading
Coinbase – Best Cryptocurrency Exchange UK for Simplicity
Coinbase is the best crypto exchange platform that allows beginners to invest in different cryptocurrencies. The platform has a plethora of learning material available that you can use to increase your financial literacy and find out about the best cryptocurrency for beginners. Additionally, it has a user-friendly interface that makes it easy for you to navigate through the platform.
Top Features
While the platform has higher fees than other platforms, it offers the best security features. Furthermore, the ease of use is also why many investors wouldn't mind paying a high price. Let's go over the top features of the crypto trading platform:
It offers you a secure crypto wallet app
You won't have to pay any charges if there is no activity
Responsive customer support to assist you
Binance – Largest Crypto Exchange for Daily Trading Volume
Binance offers you a variety of trading tools and other features that streamlines the investing process. If you want to perform technical analysis or look at the historical price performance of a coin, then Binance is the best crypto platform in the UK.
Top Features
Additionally, the Binance platform also offers crypto savings accounts through which you can earn interest on the coins you deposit. However, the FCA is currently looking into Binance, which is why you can't deposit or withdraw GBP through a bank transfer.
Therefore, you would have to go through a third party to perform different transactions, but it will expensive. Here are some of the benefits that you can enjoy from this platform:
Simple account opening process
No charges for account management
It gives you access to a popular NFT marketplace
Supports a wide range of digital assets
Crypto.com – Best Crypto Exchange for Diverse Trading Options & Mobile Use
Crypto.com saw rapid growth in its popularity and currently has more than 10 million users worldwide. The best thing about Crypto.com is that it has an innovative and user-friendly app that allows you to buy, sell, and trade crypto.
Besides the trading app, you can also enjoy a free crypto wallet to hold the currency you buy. The platform also has a "University" section that helps new investors entering the market learn more about investing in crypto.
Top Features
Below are some of the features that help Crypto.com to stand out from the rest and make it the best platform when trading cryptocurrency in the UK:
Card purchases for the first month without any fee
You can purchase more than 150 cryptocurrencies through it
Free crypto wallet app
How to Find the Best Platform to Trade Cryptocurrency in the UK?
With many apps available, you might wonder which one is the best crypto exchange you can choose. We will discuss key factors you need to consider when choosing a crypto trading platform to make things easy for you.
Regulation
Most investors wouldn't open an account with a stock broker that financial institutes like the FCA do not regulate. The case is no different for crypto traders, and you shouldn't open an account with a broker that doesn't have a regulatory license. So, check whether the broker you choose has all the necessary licenses to trade when picking the best UK crypto trading platform for you.
Fees
Another important thing you need to consider when choosing the best UK crypto trading platform is the crypto exchange fees. Transparency in fees is critical so you can clearly know the commissions or other charges you would incur. Therefore, you can go through each platform's fees for each trade.
Tools and Features
The best UK crypto exchanges allow you to buy and sell crypto coins. On the other hand, some platforms like Binance offer you a wide range of tools, such as charts, indicators, etc., to help you make well-informed investment decisions. Therefore, consider each platform's tools and features before registering with them.
Coins Available
The crypto market is expanding rapidly, with many new coins coming in. These coins have the potential to grow rapidly in the next few years. So, it is best to choose a crypto exchange that offers you a variety of crypto coins. It can be a great way to diversify your portfolio since you can invest in multiple coins.
Payment Methods
A crypto exchange you choose should allow you to make transactions through various modes of payment. Coinbase and Gemini are two cryptocurrency trading platform in UK that allow you to make deposits or withdrawals through debit/credit cards, ACH transfer, wire transfer, etc.
Customer Support
Another important factor to consider when choosing the best UK crypto exchange is customer service. This aspect is a critical one that you need to consider when choosing the right platform when investing in cryptocurrencies. It is especially important for beginners since they need assistance in the early stages and want to figure out the best way to invest in cryptocurrency. You can check out different review sites to know what users say about a particular platform.
Mobile App
Last but not least, the crypto trading platform should offer you a robust mobile app. The crypto market fluctuates massively, and prices can rise or fall exponentially in a matter of seconds. Therefore, you need a mobile app to access your portfolio instantly.
Takeaway
We hope you now have a better understanding of some of the top crypto exchanges in the UK. You can choose either one of the best cryptocurrency brokers to start trading your favorite digital assets.
However, there are a few things that you need to keep in mind before choosing the crypto trading platform, such as fees, regulatory licenses, mobile apps, customer support, etc. This way, you can get your hands on the best cryptocurrency exchange in the UK to buy, sell, and trade different crypto coins.
FAQ
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Any cryptocurrency companies or platforms that the FCA regulates can work in the UK. You can check if a platform is regulated before trading on it.
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You can choose any crypto trading platform mentioned in the article above and open your account to start trading on it. It is the best way to buy cryptocurrency. The registration process is very simple, and it would only take a few minutes to register with cryptocurrency companies.
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The best way to buy cryptocurrency is through an online platform. You can choose an online platform or broker regulated by the FCA. Check whether or not the platform supports the cryptocurrency you want and what it charges.
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Many crypto exchanges in the UK are great for multiple purposes. For instance, if you are a beginner, the best app for you is Coinbase.
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The cheapest crypto exchange is eToro, which has lower deposits and trading fees. The platform also offers you a wide range of payment methods you can choose from.
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Yes, it is legal to buy cryptocurrency in the UK. While countries like China and India have banned these assets, the UK government has taken a different approach. It aims to inform consumers about the risks involved in crypto trading to ensure they don't make any wrong decisions.
