However, there are endless options for ERC20 tokens available on Uniswap. Their trading fees are at 0.3%, but Ethereum gas fees are also to pay, depending on how congested the Ethereum network is. Uniswap allows users to become liquidity providers and earn 0.3% of the fees. To buy Bitcoin and 70+ cryptocurrencies on CEX.IO, you just need an account and credit card. When you decide how much crypto to buy, simply enter your card details or use funds you have on your account at the moment.

For capital gains from crypto above the £12,300 tax-free allowance, you’ll pay 10% or 20% tax. If you make additional income from crypto over the personal allowance, you’ll pay between 20% to 45% in tax. One thing to mention, you cant buy or sell Bitcoin BTC with UniSwap. However, Wrapped Bitcoin, also known as wBTC, is available on the crypto platform. There are also options for staking, earning interest and borrowing with crypto loans. One of the most popular features is their Visa Debit Card, where users can receive cashback on purchases between 1% and 8%, plus free Spotify, Prime and Netflix subscriptions.

What Are the Types of Crypto Exchanges in the UK?

For example, Binance describes how you can buy with a credit card and trade your money based on your experience throughout its website. It also describes how you can repeat your purchases across its numerous platforms. The best cryptocurrency day trading platforms in the UK are shown in the list below.

  • They have been selected for crypto trading pairs available, security, deposit methods, and more.
  • When searching for your next Bitcoin exchange or a crypto exchange in general, take into account your crypto trading knowledge.
  • The platform is incredibly user-friendly and navigable, and presents a decent collection of payment methods.
  • You just need to choose two currencies, one available on your account balance and one you want to receive.
  • Users can expect 2-factor authentication as standard when logging in too.
  • It offers users a variety of tools, charts, and order types to take advantage of.
  • Some of the most popular crypto exchanges in the UK are eToro, Uphold, and Coinbase.

It is the safest and most regulated platform to buy, sell, and trade digital assets. Furthermore, eToro offers competitive fees, with zero initial commissions and industry-leading spreads on assets. These are the best crypto exchanges in the UK for buying specific coins. However, if the selected crypto trading platform doesn’t meet your needs, you can check out our detailed reviews below for crypto trading platforms. KuCoin Exchange is one of the newer crypto trading platforms on our list and was created in 2017.

Detailed Reviews of the the Best UK Crypto Exchanges

However, it’s important to note that while Binance is accessible to UK-based investors, it is not regulated by the Financial Conduct Authority (FCA). This lack of regulation potentially exposes users to additional risk, a crucial factor that potential investors must take into consideration before deciding to engage with this platform. However, some crypto exchanges, such as eToro, Coinbase, and Uphold, are registered with the Financial Conduct Authority (FCA). In the UK, it is best to use a crypto exchange or Bitcoin trading platform registered with the UK’s financial watchdog, the Financial Conduct Authority (FCA). When it comes to crypto hacks, exchanges are more vulnerable than wallets. In fact, there have been several high-profile hacks of crypto exchanges in recent years, including the infamous Mt. Gox hack in 2014, which resulted in the loss of over 700,000 Bitcoin.

Crypto Exchange UK

The British crypto exchange with the lowest fees is generally CoinSmart, depending on the specific crypto assets you’re trading. Besides buying and selling crypto, KuCoin supports four market order types as well as margins, futures, and P2P trading. KuCoin Trading Bots are one of its biggest features, allowing users to invest on autopilot using dollar-cost averaging. I’ve personally used CoinSmart for over a year, and I’ve had nothing but excellent experiences with them. I’ve tried out many of the other cryptocurrency exchanges on this list, so I’m confident that CoinSmart is a solid, reputable platform for most crypto investors. Uniswap’s main feature is its decentralised nature, with no centralised order book and uses liquidity pools instead.

What is the cheapest crypto trading platform?

Many exchanges provide access to the cryptocurrency market- a type of online financial arena that lists all available coins for sale. Traders dealing in foreign exchange can use Alvexo’s platform to trade CFDs online, which offers many of the same features as stockbrokers, such as mobile apps and web-based trading platforms. A CFD platform, Alvexo deducts commissions from the spread on each asset because it is basically a CFD platform. However, the Classic Account can offer spreads as low as 2.9 pips. The spread is the only fee assessed, and no other charges are assessed.

Similar to, Uphold’s crypto visa card is also highly appreciated. The FCA-regulated card can be added to Apple Pay and Google Pay, incur 0% in transaction fees, and allows sending crypto directly from your Uphold wallet. There are also no annual fees and you can earn 4% in cashback paid in XRP (the native token of Ripple). You can use your card anywhere that accepts MasterCard, without any geographical restrictions. With over 30 coin options to stake, Uphold offers a range of ways to earn money. Among available staking options include some major coins, such as Ethereum or Solana, and other altcoins, like Polkadot or Cosmos.

Coinbase: UK Bitcoin Exchange with Great Security and Useability

Gemini is adequately regulated and has solid security practices in place to keep investor funds safe. The best crypto exchanges in the UK offer low fees across a wide range of coins, not to mention support for debit/credit cards and e-wallets. We also look for exchanges with small minimum deposit requirements and a strong regulatory framework. Cryptocurrency brokers are essentially the middlemen between you and the cryptocurrency market.

Crypto Exchange UK

The main difference between both options is that crypto exchanges in the UK are primarily for investing and buying coins, while wallets are best for spending and storing cryptos. For instance, with over 50,000 downloads just in July 2022, Coinbase is the most popular digital wallet in the UK. Buying cryptocurrencies on is convenient as you have multiple options. You can instantly buy coins using your debit or credit card, spot trade, or use the DEX.