7 Best UK Crypto Exchanges And Trading Platforms

Our team of crypto experts consists of James, Scott, and Helena which together have 20+ years of experience in the field of crypto and online financial services. A third-party review team has fact checked this article.

Best crypto exchange UK list

1. BYDFi - Best UK crypto exchange and trading platform (lowest fees)
2. Bybit - Best crypto copy trading platform UK
3. Phemex - Good alternative UK exchange
4. Gate.io - Good allround crypto exchange UK
5. Coinbase - Best exchange to buy crypto UK
6. EXMO - Good local UK crypto exchange
7. OKX - Best for earning and institutional traders UK

Keep reading to see the full description of each platform and exchange. We have also included some special tips that we found during our testing of each platform.

What is the best crypto exchange and trading platform in the UK?

The best uk crypto exchanges that we have reviwed below have been tested based on these criterias:

• Trading fees
• Minimum deposit
• Government regulation
• Trading features
• Payment methods for UK citizens
• Support cryptocurrencies
• Pros
• Cons

Below follow our top 7 ranked and reviewed crypto platforms for UK traders and investors with a full specification.

1. BYDFi - Best crypto exchange in the UK overall

BYDFi rating 4.9/5

BYDFi stands out as the best exchange for trading and buying crypto in the UK for numerous reasons including low fees, high security, lots of listed coins, and an easy-to-use interface. Founded in 2020, BYDFi has quickly become a go-to choice for crypto enthusiasts located in the UK.

BYDFi offers a great fiat on-ramps for UK users through a variety of payment methods, including bank transfers, credit/debit cards, and popular e-wallets like PayPal. Headquartered in Singapore, BYDFi's international presence ensures reliability and compliance with industry standards.

BYDFi boasts competitive trading fees, which makes it a cost-effective option for both beginners and experienced traders. For instance, their trading fee is as low as 0.02%, enabling users to maximize their profits without excessive charges.

BYDFi provides flexible withdrawal limits that accommodate various trading needs. For example, users can withdraw up to ￡10,000 worth of crypto daily, ensuring quick access to their funds.

BYDFi has listed hundreds of the most popular altcoins such as THETA, ADA, and PEPE. All the major legacy coins such as Bitcoin and Ethereum are of course available. This diverse selection empowers users to trade or invest in their preferred digital assets.

Their Know Your Customer (KYC) process is straightforward, requiring users to submit identification documents. This ensures a safe trading environment and prevents fraudulent activities.

Users can create an account quickly by providing basic information, verifying their email, and completing the KYC process. This swift onboarding enables traders to start buying and trading crypto within minutes.

Why we chose it

We chose BYDFi because it offers essential tools like real-time price charts, technical analysis indicators, and a responsive trading interface. BYDFi's social trading feature allows users to follow and learn from top traders, enhancing their strategies.

BYDFi features

• High Liquidity Pools
• Advanced Charting Tools
• Mobile App Access
• Multi-Coin Support
• Cold Storage System
• Advanced Order Types
• Low Slippage Trading
• Fiat-Crypto Conversion
• Token Swaps
• Regulated Token Listings

Fees

Deposit fees on BYDFi are free off charge and withdrawal fees have an added cost depending on the blockchain used and how congested the blockchain is.

Regarding trading fees, BYDFi offer the lowest fees at 0.06% for opening a trade with a market order (taker fee) and 0.02% maker fee when adding liquidity to the order book with a limit order.

Pros

1. Futures and perpetual swaps contracts
2. Social Community: Interact with traders
3. Regulatory Compliance
4. Token Variety: Numerous altcoins.
5. Limited Slippage: Stable pricing

Cons

1. New Exchange: Limited track record
2. Copy Trading Risk: Not always successful
3. Limited Educational Depth: Basic resources

(The pros and cons list of BYDFi was concluded by James during his review period of the exchange and are his own opinions of the platform)

Sign up with BYDFi>>

2. Bybit - Best derivative trading platform UK

Bybit rating 4.8/5

Bybit is as a top cryptocurrency exchange in the UK for derivatives trading with perpetual contracts, options trading, and futures contracts available. Bybit stands out due to its compatibility with UK payment methods, secure operations, and an array of features that cater to both novice and experienced traders.

Founded in 2018, Bybit has swiftly positioned itself as a reliable trading platform headquartered in Singapore.

For trading fees, Bybit adopts a maker-taker fee model, offering competitive rates that are conducive to profitable trading. This means you could pay as low as 0.025% as a maker and 0.075% as a taker, depending on your trading volume.

When Helena tested the platform, she found that BYDFi was on average 12% cheaper than the other competitors. She trade an average of ￡15,000 per lot in the BTC/USDT trading pair and saved roughly ￡1,20 per trade. This resulted in over ￡75 dollar saved over 62 trades taken.

Withdrawal limits on Bybit are dynamic, linked to the type of account and verification level. For instance, a Level 1 account can withdraw up to 2 BTC per day without undergoing KYC, while higher levels grant increased limits.

During the review process, Scott confirms that Bybit has over 400 listed altcoins and he even found some recently listed coins such as EGO, PEPE, Aptos, ApeCoin.

To comply with regulations and ensure security, Bybit follows a KYC (Know Your Customer) process. Users need to provide valid identification documents for verification, safeguarding the platform against potential illicit activities.

Signing up on Bybit is an effortless process. After entering your email and password, a verification code is sent to your email.

Why we chose it

We chose Bybit because it provides perpetual contracts, allowing traders to speculate on various cryptocurrencies without an expiry date. Additionally, the platform supports leveraged trading, enabling users to amplify their potential gains.

Bybit features

• Quick KYC Process
• Low Fees
• Auto Trading
• Secure Wallets
• Mobile App
• Trading Contests
• Multilingual Support
• Leverage Options
• Social Trading
• Market Analysis Tools
• High Security Standards
• Fiat Onramps

Fees

ByBit applies a fee structure consisting of deposit fees, withdrawal fees, maker fees, and taker fees. There are typically no deposit fees for funding your account with cryptocurrencies.

Withdrawal fees vary depending on the specific cryptocurrency being withdrawn, covering blockchain transaction costs.

ByBit operates on a maker-taker fee model for trading. Makers, who add liquidity to the market, often receive a rebate expressed as a negative fee (e.g., -0.025%). Takers, who remove liquidity, pay a fee slightly higher than makers (e.g., 0.075%).

Pros

1. Advanced Charting Tools
2. High Order Execution Speed
3. Comprehensive Tutorials
4. Risk Management Tools
5. Options trading

Cons

1. Not FCA Regulated
2. High Volatility Risks
3. Withdrawal Delays Possible

(The pros and cons list of Bybit was concluded by Scott during his review period of the exchange and are his own opinions of the platform)

Sign up with Bybit>>

3. Phemex - Good alternative UK crypto exchange

Phemex rating 4.7/5

Phemex ranks number three as the best as alternative crypto exchange in the UK for a multitude of reasons such as local payment methods, online reputation, and low credit card fees.

Firstly, when it comes to payment methods, Phemex aligns perfectly with the preferences of UK users. PayPal, Bank transfers, credit cards, and some popular e-wallets are among some of the popular payment methods. This diversity in payment options ensures that users can easily fund their accounts without unnecessary hassles.

Headquartered in Singapore, Phemex was founded in 2019, swiftly gaining a reputation for reliability and innovation. Its transparent fee structure is notably competitive, with trading fees as low as 0.10%. This affordability positions Phemex as a cost-efficient solution for both novice and seasoned traders alike.

The exchange sets reasonable withdrawal limits, allowing users to access their funds when needed. Phemex has over 400 cryptocurrencies listed which was confirmed by Scott during the review process. He found altcoins that have just been released to the market.

In line with regulatory standards, Phemex adheres to a robust KYC (Know Your Customer) process. This ensures a secure and compliant trading environment, safeguarding users' interests. The signup process is straightforward, requiring users to provide essential personal details and documentation for verification.

Why we chose it

We like that the Phemex's platform features are designed for optimal trading experiences. Their advanced trading view, complete with customizable widgets and real-time data, empowers users to make informed decisions. Notably, Phemex also offers perpetual contracts for various cryptocurrencies, allowing traders to capitalize on market trends without an expiration date.

Phemex features

• UK Customer Support
• Staking Opportunities
• OTC Trading Services
• Fast Order Execution
• Stop-Loss Features
• Margin Trading Availability
• Price Alerts
• Portfolio Tracking
• Performance Metrics
• Crypto Savings Accounts
• Customizable Interface

Fees

Phemex does not charge fees for deposit onto the platform except for third-party card deposit fees that might occur.

Withdrawal fees are free of additional fees, however, all crypto withdrawals will be charged with a standrad blockchain transaction fee which depends on the type of blockchain used.

For trading fees, Phemex charge a flat 0.10% transaction fee for both maker and taker fees which works on 30-day trading volume ladder. This fee system incentivices traders with higher volume by reducing the cost of trading when volume is increased.

Pros

1. Continuous Platform Upgrades
2. Spot and Derivatives Trading
3. Robust Charting Tools
4. Multiple Funding Option
5. Asset Insurance Coverage

Cons

1. Risk of Liquidation
2. Limited Payment Methods
3. Regulatory Uncertainties
4. Withdrawal Fees Apply

(The pros and cons list of Phemex was concluded by Helena during his review period of the exchange and are his own opinions of the platform)

Sign up with Phemex>>

4. Gate.io - Best alternative UK crypto trading platform

Gate.io rating 4.6/5

Among the top crypto trading platforms in the UK, Gate.io stands out as a standout as the best choice for both beginners and seasoned traders looking for a versatile platform. Founded in 2017, Gate.io swiftly gained popularity due to its user-friendly interface and comprehensive range of features.

Based in the Cayman Islands, Gate.io provides a secure and versatile platform for UK traders to buy and trade cryptocurrencies. Gate.io offers fiat payments through popular UK payment methods such as PayPal, bank transfer, and bank cards.

Withdrawal limits on Gate.io vary depending on the user's verification level. For instance, users at the "Starter" level have a daily withdrawal limit of 10 BTC, while "Verified" users enjoy higher limits, providing flexibility to traders.

James tested teh withdrawal limits on Gate.io and did not have any problem at all withdrawing 1BTC as an unverified user. The fee for withdrawing this 1BTC was 0.0005BTC which is equivalent to ￡12,50.

The exchange implements various measures to protect user assets, including cold storage and two-factor authentication (2FA).

The sign-up process on Gate.io is straightforward. Users need to provide basic information and complete the KYC (Know Your Customer) verification process. This process ensures compliance with regulatory standards and enhances security for all users.

Why we chose it

We like Gate.io thanks to its competitive trading fees, with trading fees ranging from 0.2% for takers and 0.2% for makers.

The platform's range of crypto assets also sets it apart. With over 300 cryptocurrencies available for trading, including popular options like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), Gate.io offers ample choices to suit various investment strategies.

Gate.io features

• UK Payment Methods
• Fiat-to-Crypto Trading
• Fast Account Verification
• Responsive Customer Service
• Futures Contracts
• Auto Buy/Sell
• Two-Factor Authentication
• Secure Withdrawal Process
• Margin Lending Pools
• High-Speed Trading Engine
• Auto Rebalancing

Fees

Gate.io does not impose any deposit fees for cryptocurrency deposits, though blockchain network fees might apply.

Withdrawal fees differ by cryptocurrency due to varying blockchain protocols. Fees are intended to cover transaction processing costs. For instance, Bitcoin (BTC) withdrawals carried a fee of around 0.0005 BTC at that time.

Gate.io employs a tiered trading fee system based on trading volume over the past 30 days, measured in USDT. Fees start at approximately 0.2% for both makers (adding liquidity) and takers (removing liquidity) and decrease with higher trading volumes.

Pros

1. Wide Coin Variety
2. Low Trading Fees
3. Fast KYC Verification
4. Community Voting System
5. Detailed Order History

Cons

1. Limited Staking Rewards
2. Limited Mobile Features
3. Limited Video Tutorials
4. Limited Risk Management

(The pros and cons list of Gate.io was concluded by James during his review period of the exchange and are his own opinions of the platform)

Sign up with Gate.io>>

5. Coinbase - Best exchange to buy crypto in the UK

Coinbase rating 4.5/5

When it comes to buying cryptocurrencies in the UK with GBP and local payment methods, Coinbase stands out as a top choice. Established in 2012, Coinbase has a solid reputation and is headquartered in San Francisco, USA.

Coinbase doesn’t offer as many cryptocurrencies as the other competitors, however, nearly 200 coins are listed on the exchange.This diversity provides users with ample options for building a well-rounded crypto portfolio. Additionally, Coinbase places a strong emphasis on security, storing 98% of customer funds offline and implementing industry-standard security measures.

When it comes to withdrawal limits, Coinbase offers flexibility. Initially, there might be limits, but these can be increased as you use the platform more and complete additional verification steps.

The platform's KYC (Know Your Customer) process is straightforward. Users need to provide a valid ID for identity verification.

Signing up on Coinbase is a breeze. After visiting their website, you'll need to provide your email, create a password, and complete the KYC process. Once verified, you can link your UK bank account or use local payment methods like debit cards to deposit GBP and start trading.

Why we chose it

We chose Coinbase because of modernly designed interface and easy-to-use trading platform. The platform caters to beginners and experienced traders alike. Coinbase's trading fees are relatively competitive, with a standard fee of 1.49% for transactions. For example, if you're buying ￡500 worth of Bitcoin, the fee would be around ￡7.45.

Scott tested the deposit fees on Coinbase and made a single deposit of ￡1000. This deposit was made with a VISA debit card and he paid a total of ￡39,90.

Coinbase features

• FCA Regulated
• Recurring Buys
• GBP Deposits
• Instant Purchases
• Crypto to Crypto Trades
• Insurance Coverage
• Cryptocurrency Visa Card
• Vault Accounts
• Institutional Services
• Staking Rewards
• High Liquidity

Fees

Withdrawal fees vary by region, with examples being around ￡0.15 in the US and €0.15 in the EU. Trading fees are percentage-based and approximately 1.49% for standard transactions on Coinbase.

Coinbase Pro, their advanced platform, employs a tiered fee structure starting from 0.50% for takers and 0.15% for makers. Always check Coinbase's official website for the most current fee information.

Pros

1. UK Bank Integration
2. GBP Trading Pairs
3. Debit Card Withdrawals
4. Integration with PayPal
5. Instant GBP Withdrawals
6. Secure Login Methods

Cons

1. Price spreads vary
2. Limited margin trading
3. High withdrawal fees
4. Potential account closures

(The pros and cons list of Coinbase was concluded by Scott during his review period of the exchange and are his own opinions of the platform)

Sign up with Coinbase>>

6. EXMO - Best local UK crypto exchange

EXMO rating 4.5/5

When it comes to the best local crypto exchange in the UK, EXMO stands out as a top choice. Headquartered in London and established in 2013, it has firmly rooted itself as a reliable platform for trading and buying cryptocurrencies.

One of EXMO's key advantages lies in its seamless integration with UK payment methods. Users can easily fund their accounts using GBP through methods like bank transfers, credit cards, and even popular e-wallets like PayPal. This user-friendly approach sets EXMO apart, as it ensures hassle-free transactions without the need for complex conversions or extra fees.

Trading fees on EXMO are competitive, with maker fees often below 0.1% and taker fees around 0.2%.

Withdrawal limits on EXMO vary depending on user verification levels. For example, with Level 1 verification, users can withdraw up to 3000 EUR daily. Higher verification levels unlock higher limits, enhancing flexibility for traders with varying needs.

The exchange boasts a diverse selection of crypto assets available for trading, from well-established coins like Bitcoin and Ethereum to promising altcoins. This variety ensures traders have ample options to diversify their portfolios.

EXMO prioritizes security and regulatory compliance. Their Know Your Customer (KYC) process is straightforward, ensuring a safe trading environment and helping prevent fraudulent activities.

Signing up on EXMO is a breeze. Users can create an account using their email or social media accounts.

Helena tested the signup process on EXMO and confirms that it took less than 12 minutes to sign up with her email, verify her identity, deposit 250 USDT and make her first trade.

Why we chose it

We like EXMO because the platform is designed with user experience in mind. Many of the latest technologies when it comes to trading and buying crypto are featured on the exchange. Most beginners will find it very easy to use and there are plenty of advanced features for experienced investors.

EXMO features

• FCA Regulation Compliance
• Mobile Trading App
• Staking Opportunities
• Margin Trading Access
• Auto-Trading Bots
• Crypto Savings Accounts
• OTC Trading Services
• Referral Program Benefits
• Market Analysis Reports
• Airdrop Participation
• Peer-to-Peer Trading

Fees

Fees for deposits depend on the payment method used, ranging from approximately 2.99% for AdvCash deposits and 3-5% for bank card deposits. Cryptocurrency deposits are generally free.

Withdrawal fees are influenced by the currency and withdrawal method. Cryptocurrency withdrawals typically include network transaction fees, while fiat withdrawals to methods like AdvCash or bank cards carry varying fees.

EXMO employs a maker-taker fee model based on the trading volume over the last 30 days. Maker fees (for providing liquidity) can range from 0.10% to 0.20%, while taker fees (for taking liquidity) can range from 0.20% to 0.40%.

Pros

1. Auto-trading options
2. KYC verification speed
3. Positive user reviews
4. Cross-platform access
5. Transparent fee structure
6. UK bank transfers

Cons

1. Customer service response time
2. Security breaches (e.g., 2017 hack)
3. Limited research tools
4. Limited fiat withdrawal limits

(The pros and cons list of EXMO was concluded by Helena during his review period of the exchange and are his own opinions of the platform)

Sign up with EXMO>>

7. OKX - Best exchange for institutional UK investors

OKX rating 4.5/5

OKX is the best crypto exchange in the United Kindom for institutional traders due to its blend of robust features, UK payment methods, and reliability. Established in 2017, OKX has rapidly ascended as a major player in the crypto trading landscape.

Headquartered in Malta, the exchange aligns itself with stringent regulatory standards, assuring traders of a secure trading environment.

In terms of trading fees, OKX maintains a competitive edge. The fee structure is tailored to benefit high-volume traders, promoting liquidity and reducing trading costs. The platform encompasses a suite of advanced trading features such as spot and futures trading, margin options, and comprehensive charting tools. This empowers institutional traders to execute strategies efficiently.

Withdrawal limits on OKX are set with the trader's convenience in mind. Higher withdrawal limits cater to institutional traders who require the flexibility to move substantial amounts of funds.

OKX's asset variety is another aspect that garners attention. With an extensive array of cryptocurrencies available for trading, including popular options like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), institutional traders can diversify their portfolios seamlessly.

James confirms that OKX offers over 300 listed crypto assets which he found during the review process of the platform. He also confirms that the platform offers many rare cryptocurrencies such as MultiverseX, Mina, STEPn, and Serum.

Stringent Know Your Customer (KYC) procedures on the OKX platform reinforce security and compliance. While the verification process might be thorough, it ensures the safety of funds and users' identities.

The sign-up process, though requiring detailed information, is straightforward and aligns with industry norms.

Why we chose it

We chose OKX because of its wide range of UK payment methods. With support for bank transfers and credit/debit card payments through Faster Payments, institutional traders can seamlessly deposit and withdraw funds. This streamlined process minimizes transaction delays, enabling traders to capitalize on time-sensitive market movements.

BYDFi features

• PayPal
• Fiat-to-Crypto Pairs
• FCA registered
• Institutional-grade Security
• Low Latency Trading
• Crypto Derivatives
• Global Customer Support
• Technical Analysis Tools
• High Withdrawal Limits
• High Order Matching Speed
• Cold Storage Solutions

Fees

• OKX typically doesn't charge deposit fees for cryptocurrencies. However, network fees associated with the specific cryptocurrency's transfer apply.
• OKX charges withdrawal fees for each cryptocurrency, covering transaction costs for moving assets off the platform. Fees vary based on the cryptocurrency.
• OKX uses a tiered fee structure based on trading volume over 30 days applying a 0.08% maker fee and a 0.10% taker fee for new traders.

Pros

1. Advanced Trading Features
2. Robust Mobile App
3. Staking
4. High Trading Volumes
5. Integrated Wallet Services

Cons

1. Complex for Beginners
2. Possible Network Congestion
3. Regulation Uncertainty
4. Potential Phishing Threats

(The pros and cons list of OKX was concluded by James during his review period of the exchange and are his own opinions of the platform)

What is a UK crypto exchange?

A UK crypto exchange is a platform where people can trade cryptocurrencies like Bitcoin and Ethereum using traditional currencies or other cryptocurrencies. Popular exchanges in the UK include Coinbase, BYDFi, Bybit, Phemex, and EXMO.

A UK crypto exchange offers traders to buy, sell, and trade different cryptocurrencies on one single platform where a shared pool of liquidity is offered. When choosing an exchange, factors like security, fees, available cryptocurrencies, and regulatory compliance should be considered.

What makes a crypto exchange UK friendly?

A crypto exchange can be considered UK-friendly based on several factors that cater to the needs and preferences of users in the United Kingdom. Here are some key attributes that contribute to a crypto exchange being UK-friendly:

• Regulatory Compliance: A crypto exchange that's friendly for folks in the UK follows the rules laid out by the Financial Conduct Authority (FCA), which is like the financial watchdog in the UK.
• GBP Trading Pairs: The exchange offers trading pairs that involve the British Pound (GBP) as one of the base or quote currencies. This allows users to directly trade cryptocurrencies against GBP, simplifying the trading process for UK residents.
• User-Friendly Interface: Clear navigation, easy order placement, and access to relevant information contribute to a positive user experience.
• Payment Options: A UK-friendly exchange supports various payment methods that are commonly used in the UK, such as bank transfers, credit/debit cards, and even local payment options.
• Customer Support: Reliable customer support that is responsive to user inquiries and issues, including dedicated support for UK customers, is a sign of a UK-friendly exchange.
• Security Measures: Security is a big factor when it comes to choosing a top exchange in the UK. Make sure that the exchange doesn’t have any prior hacks and good customer reviews.
• Low Fees: Clearly stated and competitive fee structures, along with transparent information about trading fees, withdrawal fees, and other charges, contribute to a positive user experience.
• Listed Cryptocurrencies: A diverse selection of cryptocurrencies available for trading appeals to users with different investment preferences and strategies.

How to buy and trade crypto in the UK

Buying and trading cryptocurrencies in the UK involves several steps to ensure a safe and successful experience. Here's a general guide on how to get started and how to buy and trade crypto in the UK:

1. Choose a UK-Friendly Crypto Exchange:

Select a reputable cryptocurrency exchange that is regulated by the UK's Financial Conduct Authority (FCA) and offers a user-friendly interface. Some popular options include Coinbase, BYDFi, Gate.io, and OKX.

2. Sign Up and Verify Your Account:

Create an account on the chosen exchange and complete the necessary verification process.

3. Deposit Funds:

Deposit funds into your exchange account using methods such as bank transfers, credit/debit cards, or other supported payment options. Some exchanges also accept cryptocurrency deposits.

4. Buy Cryptocurrency:

Once your account is funded, navigate to the trading section of the exchange. Choose the cryptocurrency you want to buy, and select the trading pair, for example, BTC/GBP for Bitcoin. Place a buy order by specifying the amount of cryptocurrency you want to purchase and the price at which you're willing to buy. You can also use market orders for immediate purchase at the current market price.

5. Secure Wallet:

While most exchanges offer wallet services, it's recommended to transfer your purchased cryptocurrencies to a private wallet that you control.

Is it legal to buy crypto in the United Kingdom?

Yes, it is legal to buy cryptocurrencies in the United Kingdom. Cryptocurrency transactions, including buying, holding, and trading, are not illegal in the UK. The UK government and regulatory authorities acknowledge cryptocurrencies as a legitimate form of digital assets.

It's good to know that buying and keeping cryptocurrencies is allowed by the law. But, it's also important to remember that the rules around cryptocurrencies can change, and there are some things you should think about:

• Rules: Cryptocurrency exchanges and businesses dealing with cryptocurrencies in the UK usually have to follow certain rules. For example, if an exchange offers its services to people in the UK, they have to officially register with the Financial Conduct Authority (FCA).
• Taxes: In the UK, cryptocurrencies are considered like property when it comes to taxes. This means that when you buy, sell, or trade cryptocurrencies, there might be taxes that you need to pay.

So, even though you can buy and own cryptocurrencies, you should be aware of these things that could affect you.

Things to consider when selecting crypto exchange in the UK

When choosing a cryptocurrency exchange in the UK, consider these factors for a safe and effective trading experience:

• Regulation and Compliance: Prioritize exchanges regulated by reputable authorities like the FCA.
• Security Measures: Look for strong security practices, including 2FA and cold storage.
• User-Friendly Interface: Opt for an intuitive platform for easy trading.
• Supported Cryptocurrencies: Choose exchanges with the cryptocurrencies you want to trade.
• Trading Fees: Compare fee structures and transparency.
• Liquidity: Select exchanges with high trading volumes for smoother transactions.
• Payment Methods: Ensure the exchange supports preferred payment options.
• Customer Support: Check for responsive and helpful support services.
• Geographical Restrictions: Confirm the exchange is accessible in the UK.
• Account Verification: Understand and feel comfortable with the KYC process.
• Mobile App: Consider exchanges with mobile apps for on-the-go trading.
• Educational Resources: Look for exchanges offering educational materials.
• Reputation and Reviews: Research user feedback and reputation.
• Withdrawal Limits: Check if withdrawal limits align with your needs.
• Future Developments: Consider the exchange's plans for updates.
• Ease of Withdrawals: Ensure simple and timely access to your funds.

Assess how each exchange aligns with your trading preferences and goals before making a decision.

How we review and select crypto exchanges

When we review and select a crypto exchange, we always conduct thorough research on the available options. We look at details such as the different platform features they have, safety protocols, costs, and what their overall reputation looks like.

Our team rioritizes exchanges that are regulated and compliant with relevant authorities, as well as those with a strong track record of security. Make sure the exchange has the cryptocurrencies you want and doesn't charge too much for trading.

We look at exchanges that are easy to use with an intuitive interface that makes buying and selling crypto simple.

Make sure the exchange is accessible in your geographical region and that you're comfortable with their verification process. Consider factors like the availability of a mobile app and educational resources.

FAQ

What's the cheapest crypto exchange in the UK?

The cheapest exchange in this guide is by far BYDFi which offer trading with trading fees of only 0.05%.

Which crypto exchanges are licensed in the UK?

Some exchanges like Coinbase and EXMO are registered with the UK's Financial Conduct Authority (FCA).

Which crypto exchange can I withdraw GBP from?

Exchanges like Coinbase and EXMO allow users to withdraw GBP to their bank accounts.

Is Coinbase legal in the UK?

Yes, Coinbase is a regulated exchange and operates legally in the UK.

Which bank in the UK is crypto friendly?

Barclays has been known to have a relatively crypto-friendly approach among UK banks.

Is Binance legal in the UK?

Binance faced regulatory restrictions in the UK, but it's essential to check the latest regulatory status as it can change.

What are Coinbase fees UK?

For card deposits the fee is 3.99% and for transacting on the platform there is a spread fee of 0.50%.

What is safest crypto exchange in the UK?

Exchanges like Coinbase, BYDFi, and Bybit are often considered among the safer options due to their regulatory compliance and security measures.

Can you withdraw crypto to a UK bank account?

Yes, many exchanges allow you to withdraw funds to a UK bank account. Coinbase is a good example of an exchange that provinces this solution.

How do I convert crypto to cash UK?

Convert crypto to cash by selling it on an exchange such as Coinbase, then withdrawing the GBP to your bank account.

Conclusion

After meticulous research, our experienced team has distilled the top 7 crypto exchanges in the UK. These platforms have something for everyone, whether you're just starting or you've been trading for a while. They're safe and give good results.

Our team members, James, Scott, and Helena, have been in this business for a really long time.

We've double-checked all the facts in our article, and another group that's not involved with us also looked at it. This makes sure our information is trustworthy and right.

BYDFi stood out as the best crypto exchange in the UK with its low fees and user-friendly interface, while Bybit shines in derivative trading. Phemex offers local payment methods, and Gate.io caters to versatility. Coinbase, EXMO, and OKX each excel in specific areas, catering to various trader needs.

About the authors

Meet the authors who share their knowledge about cryptocurrency exchanges in the UK:

James Dawson: With more than ten years of experience in cryptocurrencies and a background in economics, James Dawson is a financial expert who loves talking about digital money. He uses his knowledge of how the market moves and his smart strategies to help traders and investors learn important things.

Scott Mitchell: Scott Mitchell is like a superhero when it comes to knowing about cryptocurrency and blockchain technology. He's been in this exciting world since it started. He has studied computer science, which basically means is a huge nerd. He is very good at finding and sharing info about good crypto exchanges.

Helena Wright: Helena Wright is a bit like a bridge between regular money and cryptocurrency. Once, she worked in large banks, but now her fascination lies in blockchain technology. Her mission? To demystify cryptocurrency and its connection to money. She's here to simplify concepts and empower you with the understanding you need to navigate the realm of cryptocurrency with confidence.

Affiliate disclosure

Just so you know, some of the links in this article might be special links. That means if you click on them and buy something or sign up for something on the website, the authors might get a reward. But don't worry, it doesn't cost you any extra money. This reward helps the authors do their job of researching and telling you about the best places to trade cryptocurrencies. They only suggest websites they believe are good and trustworthy.

Investing disclosure

The information here is for learning, not for making financial choices. Trading cryptocurrencies can be risky, and the market can go up and down a lot. Remember, what happened before might not happen again in the future. The authors don't tell you what to do or say that some websites or plans are better than others. Be careful and think wisely. They can't be responsible if you lose money based on what you read here.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.