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Best Crypto Exchanges UK 2023
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Best Crypto Exchange for Crypto Products
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Best Crypto Exchange for Large Selection
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Best Crypto Exchange for Casual Investors
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Best Crypto Exchange with Low Fees for Beginners
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Best Crypto Exchange for Asset Custody
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In this best crypto exchanges UK article, we’ll review and compare the top crypto exchanges in the region by covering their trading fees, unique features, security, pros, and cons, etc. To come up with this list of UK crypto exchanges, we used each platform extensively, analyzed user reviews of every crypto exchange here, and researched expert analyses of these UK crypto exchanges.
Best Crypto exchanges UK: Our Opinion
Our pick as the best crypto exchange in the UK is Crypto.com. The crypto exchange offers a large selection of digital assets and ample crypto products like NFTs and crypto cards.
This best crypto exchange in the UK was founded in 2016 and hosts more than 10 million active customers. Currently, Crypto.com is available in over 90 nations of the world.
Crypto.com is one of the largest crypto exchanges in the UK that supports crypto trading, advanced trading features, NFTs, staking, hot and cold wallets, etc. The cryptocurrency exchange supports over 250 crypto assets, competitive fees, and low fees for users who hold the native coin of the crypto exchange (CRO).
Crypto.com also offers a suite of crypto-related products that make it an excellent choice for advanced traders searching for UK crypto exchanges that offer more than simply buying and selling crypto assets.
This crypto and Bitcoin exchange offers a decentralized crypto trading platform, an NFT marketplace, and a cryptocurrency card that offers rewards. Users also have the option of staking their crypto assets on the platform to earn up to 14% APY. Also, fees are limited to 0.40% without CRO holdings, which makes it a competitive option when compared to other crypto exchanges in the UK.
Key Features of Crypto.com
Visa Cards
Crypto.com offers users 5 Visa crypto cards that they can use anywhere Visa is accepted. These cards are prepaid so you’ll need to load them with funds first. The idea with the Crypto.com card is that you get to use your crypto balance from your crypto exchange account for purchases the way you’d use fiat currency. The cryptocurrency exchange also gives rewards for your daily spending with the card.
That said, like most products on the trading platform, the more your crypto holdings of CRO the higher the benefits your receive with the card. For instance, the premium Obsidian card gets 5% crypto back on each spend but you need to stake over £300,000 worth of CRO to get one. The low-end card called the Ruby Steel card offers 1% cashback.
DeFi Wallet
Crypto.com offers a DeFi wallet that gives you the private keys to your digital assets. When you have the private keys to your crypto holdings you own them as opposed to storing your digital assets on crypto exchanges. Beyond providing a non-custodial wallet to store your cryptocurrencies, the platform provides access to a suite of DeFi services. For example, you can earn rebates on 25+ tokens, swap tokens, farm and mine on several DeFi protocols, deposit NFTs, send and receive 1,000+ tokens, and much more.
Crypto.com Security
The Crypto.com crypto exchange offers several security measures including address whitelisting and multi-factor authentication to help foster consumer protection. In addition, this UK crypto exchange also adheres to regular account security practices of other crypto exchanges in the UK like strong passwords, cold storage, insurance, etc. Crypto.com also supports security measures like compliance monitoring.
We summarised all the Crypto.com key features, but we also made an in-depth Crypto.com Review UK page that you can check out.
Pros
- Large selection of crypto assets
- Clear fee schedule
- Allows you to earn interest on cryptocurrencies
- Trading Fees discounts available for CRO holders
- Visa card with rebate rewards
- Supports advanced trading tools
- The trading platform supports margin trading and futures
- Allows users to buy crypto-related products like NFTs
- Strong security measure
- Easy fiat conversion
Cons
- Poor educational resources
- Fees discounts are difficult to understand for newbies
- The crypto exchange charges high fees except if you hold CRO
- Users complain about customer support
- Beginners face a steep learning curve
- Cryptocurrencies are not globally available
CoinCorner - Best Bitcoin Exchange
CoinCorner is one of the best crypto exchanges UK that allows users to trade Bitcoin quickly (under 10 minutes). The Bitcoin exchange was launched in June 2014 in Douglas, the capital of the Isle of Man in the United Kingdom. 4 months after its launch, CoinCorner became a major player amongst other crypto trading platforms in the UK. This was primarily because the CoinCorner crypto exchange is geared towards UK crypto traders though it supports over 40 nations.
Unlike most crypto exchanges in the UK that offer a sizable amount of cryptocurrencies, CoinCorner crypto exchange supports just 1 digital asset: Bitcoin.
Concerning trading fees, CoinCorner charges 1% for all trades on the trading platform.
Currently, the CoinCorner crypto exchange is used by over 200,000 active traders. The idea of the trading platform is to make it seamless and fast to buy Bitcoin in under 10 minutes.
The crypto exchange supports credit or debit cards, SEPA, or bank transfers as payment methods. That said, here’s what you can do with a CoinCorner account in the UK:
- Manage your Bitcoin assets
- Buy, sell, receive, store, send, and transfer Bitcoin
- Use several payment methods including bank transfer and SEPA to facilitate deposits
- Buy cryptocurrency instantly using your credit or debit card
- Use their mobile app on iOS and Android
Key Features of CoinCorner
CoinCorner Mobile App
The CoinCorner Mobile App is built to help users trade Bitcoin and manage their Bitcoin portfolio on the go. It is available on iOS and Android mobile devices and tablets. It also features a touch ID that helps make logging in to your CoinCorner account faster.
CoinCorner Bolt Card
This is one of the few cryptocurrency exchanges in the UK that offers a physical card that you can use as a fiat currency Visa or Mastercard debit card. The card allows users to make NFC/Contactless payments and send Bitcoin funded from its supported fiat currency. You can also use it as a gift card to send Bitcoin to friends.
Auto Buy
The CoinCorner crypto exchange allows you to buy Bitcoin by creating a standing order with your bank account and choosing the frequency of buys. This enables automatic purchases without having to be directly involved in the process.
Earn Bitcoin on Purchase
With CoinCorner crypto exchange you can earn up to 40% back in Bitcoin when you shop with the hundreds of retailers partnered with the platform. Some of these retail partners include Muscle Food, B&Q, Moonpig, PC World, Size?, Look Fantastic, etc.
CoinCorner Checkout
This CoinCorner product allows retailers to accept Bitcoin payments in their stores with a 1% processing fee.
Security of CoinCorner
CoinCorner offers the basic security measures that most crypto exchanges in the UK provide such as two-factor authentication via the Google Authenticator mobile app and access to multi-signature cold storage.
We summarised all the CoinCorner key features, but we also made an in-depth CoinCorner Review page that you can check out.
Pros
- Low fees for depositing fiat currency
- An easy-to-use interface for crypto trade
- Governed by British financial regulators
- CoinCorner debit cards are available
- Supports the Bitcoin lightning network
- Allows users to set auto-buy
Cons
- No advanced trading tools
- Supports only Bitcoin
- Requires verification to make payments
- It does not support users from the USA or Canada
Binance UK - Best Crypto Exchange for Large Selection of Cryptocurrencies
Binance is the world’s largest crypto exchange that offers more than 350 cryptocurrencies and hosts over 120 million registered users. The crypto platform has an approximate 24-hour trading volume of $38 billion.
Binance offers a large selection of features and trading options, which makes it more suited to advanced traders. Beginner crypto traders may find the platform a little overwhelming. Through its mobile app, web trading platforms, and desktop dashboard Binance provides a huge array of trading tools and features such as a large selection of market charts, futures trading, margin trading, and options.
Additionally, Binance offers an education platform with tons of resources on cryptocurrencies, blockchains, etc. The platform is also one of the few crypto exchanges in the UK that offer an NFT marketplace. Its NFT marketplace is focused on gaming NFTs and is arguably the largest gaming NFT platform.
Its trading experience is more suited to advanced traders as it offers real-time charting tools that support exponential moving averages and moving averages. Binance also supports multiple order types such as limit order, stop order, stop-market order, trailing stop order, and stop limit order. The trading platform also enables you to select custom trading views from classic, OTC, or margin.
Concerning fees, Binance offers a complex fee structure that uses a maker-and-taker model based on trading volume and the amount of BNB and BUSD you hold. However, Binance fees start at 0.10%, which is one of the lowest trading fees for the best crypto exchanges in the UK.
Here’s what Binance’s fee structure looks like:
Regular User
- 30-day trade volume (BUSD): < 1,000,000 BUSD or ≥ 0 BNB
- Maker/Taker Fee: 0.1000% / 0.1000% Maker/Taker Fee with BNB 25% discount: 0.0750% / 0.0750%
VIP 1
- 30-day trade volume (BUSD): ≥ 1,000,000 BUSD and ≥ 25 BNB
- Maker/Taker Fee: 0.0900% / 0.1000% Maker/Taker Fee with BNB 25% discount: 0.0675% / 0.0750%
VIP 2
- 30-day trade volume (BUSD): ≥ 5,000,000 BUSD and ≥ 100 BNB
- Maker/Taker Fee: 0.0800% / 0.1000% Maker/Taker Fee with BNB 25% Discount: 0.0600% / 0.0750%
VIP 3
- 30-day trade volume (BUSD):≥ 20,000,000 BUSD and ≥ 250 BNB
- Maker/Taker Fee: 0.0700% / 0.1000% Maker/Taker Fee with BNB 25% Discount: 0.0525% / 0.0750%
VIP 4
- 30-day trade volume (BUSD): ≥100,000,000 BUSD and ≥ 500 BNB
- Maker/Taker Fee: 0.0200% / 0.0400%
- Maker/Taker Fee with BNB 25% Discount: 0.0150% / 0.0300%
VIP 5
- 30-day trade volume (BUSD): ≥ 150,000,000 BUSD and ≥ 1,000 BNB
- Maker/Taker Fee: 0.0200% / 0.0400%
- Maker/Taker Fee with BNB 25% Discount: 0.0150% / 0.0300%
VIP 6
- 30-day trade volume (BUSD): ≥400,000,000 BUSD and ≥ 1,750 BNB
- Maker/Taker Fee with BNB 25% Discount: 0.0200% / 0.0400%
- Maker/Taker Fee with BNB 25% Discount: 0.0150% / 0.0300%
VIP 7
- 30 day trade volume (BUSD): ≥800,000,000 BUSD and ≥ 3,000 BNB
- Maker/Taker Fee: 0.0200% / 0.0400%
- Maker/Taker Fee with BNB 25% Discount: 0.0150% / 0.0300%
VIP 8
- 30-day trade volume (BUSD): ≥ 2,000,000,000 BUSD and ≥ 4,500 BNB
- Maker/Taker Fee: 0.0200% / 0.0400%
- Maker/Taker Fee with BNB 25% Discount: 0.0150% / 0.0300%
VIP 9
- 30-day trade volume (BUSD): ≥ 4,000,000,000 BUSD and ≥ 5,500 BNB
- Maker/Taker Fee:0.0200% / 0.0400%
- Maker/Taker Fee with BNB 25% Discount: 0.0150% / 0.0300%
That said, Binance supports debit cards and peer-to-peer payments in the United Kingdom. However, because the FCA had banned Binance in the UK, you couldn’t use your bank account via Faster Payments Service to fund your account. But recently Binance began offering the service again via Paysafe so you will not be able to fund GBP and withdraw your crypto as GBP directly to your bank account.
Key Features of Binance UK
Binance Card
Binance, like most crypto exchanges in the UK, offers a Visa debit card that allows users to spend their crypto holdings in their Binance account like fiat currency. To use the card, the user must preload their preferred digital asset to it. After that, Binance takes over and converts the crypto to fiat currency at the point of sale.
Currently, the Binance card supports over 11 cryptocurrencies including the Binance Coin, Polkadot, Cardano, Binance USD, etc. Since it is powered by Visa, you can use the card wherever the processor is accepted around the globe.
Also, like most crypto exchanges in the UK that offer this feature, users can earn up to 8% cash back on the Binance card depending on the amount of BNB they hold.
The Binance Coin
The Binance Coin (BNB) is the native asset of the crypto exchange and it resides in the Binance blockchain (previously on the Ethereum network). The coin has many uses in the Binance ecosystem providing discounts on trading fees, settling transactions on the Binance Chain, increasing rebates on the Binance card, etc. It can also be traded on other cryptocurrency exchanges.
Currently, the BNB coin has a maximum supply of 200 million tokens.
Security of Binance UK
Like most crypto trading platforms, Binance secures all accounts on the platform using two-factor authentication. It also features account reviews whenever major changes like withdrawal attempts, email address changes, password changes, etc are made to users’ accounts.
Binance users can also secure their crypto account by activating API access control, IP whitelisting, address, whitelisting, and device management. The crypto exchange will also suspend withdrawals for 24 to 48 hours if unusual activities are seen in an account.
We summarised all the Binance key features, but we also made an in-depth Binance UK Review page that you can check out.
Pros
- Low trading fees
- Discount on transaction fees
- Features a Visa crypto card
- Large selection of digital currencies
- Low withdrawal fees
- Largest UK crypto exchange
- Features advanced trading platforms
Cons
- Has a steep learning curve
- Limited supported payment methods for UK crypto investors
- Transaction fees decrease based on BNB and BUSD holdings
Coinbase - Best Crypto Exchange for Beginners
Coinbase is one of the many regulated crypto exchanges in the UK that allows users to trade crypto quickly and easily. This best UK crypto exchange is built primarily for beginners as its user interface is incredibly easy to navigate even for complete newbie crypto investors. Coinbase supports a wide selection of cryptocurrencies (over 160 assets) and tons of educational content that caters to both beginner and professional traders.
That said, Coinbase offers 2 trading platforms: the regular exchange for basic buying and selling of cryptocurrencies and Advanced Trade, a platform that features professional trading features like market charts, limit orders, and a live order book. However, the major downside is that the platform for basic buying and selling charges higher fees. So it’s often recommended to use the advanced platform for lower fees. That said, the fee structure for the advanced platform is quite confusing even for intermediate traders.
For users looking to earn interest on their held assets, Coinbase provides a staking platform that offers up to 5% APY on over 5 assets including Ethereum and USD Coin.
Coinbase also supports bank transfers for UK residents via the Faster Payments Service and debit card payments.
Key Features of Coinbase
Coinbase Card
This is a prepaid Visa debit card that allows Coinbase users to purchase goods and services using crypto in their Coinbase balance. The card is powered by Visa and is available to every Coinbase crypto exchange user.
Also, like other best crypto exchanges in the UK on this list, Coinbase Card holders receive rewards as they spend with the card. You can choose the digital currency you want to receive rewards.
That said, the card isn’t free and Coinbase charges users $5 for it.
Coinbase Earn
This feature allows crypto investors on the UK crypto exchange to earn crypto while learning about them. After enrolling for Coinbase Learn the user is expected to watch videos about selected cryptocurrencies after which they will be required to take a quiz. If the user passes the quiz they’ll receive a small amount of the cryptocurrency studied.
Coinbase Security
Coinbase offers industry-standard security features to secure their users’ accounts including two-factor authentication, crypto address whitelisting, withdrawal email prompts, and password protection. The exchange also stores 98% of customer funds in offline cold storage and encrypts hot wallet addresses with the AES-256 encryption standard.
Coinbase goes beyond password protection by ensuring that all passwords are hashed before storage in their system. The platform also encrypts personal identification data, splits it into FIPS140 USB drives, and stores the information offline. There’s also the Coinbase Vault that offers higher security measures than the normal Coinbase account. The service is for account holders who want to store their assets on the platform for an extended period.
Concerning its mobile app and website, Coinbase uses SSL encryption to secure all financial transactions on the exchange.
We summarised all the Coinbase key features, but we also made an in-depth Coinbase Review UK page that you can check out.
Pros
- Coinbase caters to both beginners and advanced users
- Offers high liquidity for supported cryptocurrencies
- Low transaction fees on Advanced Trade
- Supports over 160 assets
- Offers industry-level security measures
- Regulated cryptocurrency exchange
- Has a crypto debit card
- Offers a lot of educational resources
Cons
- High transaction fees
- Limited staking options
- Complex fee schedule
- Low-interest rates on staked assets
- A limited number of customer support channels
eToro - Best UK Crypto Exchange with Different Payment Methods
eToro crypto exchange is the best crypto exchange in UK with different payment methods. Headquartered in Tel Aviv-Yafo in Isreal, eToro was founded in 2007 by Ronen Assia, Yoni Assia, and David Ring. It has offices in Australia, the United States, the United Kingdom, and Cyprus.
eToro is a user-friendly cryptocurrency exchange that supports a little over 20 cryptocurrencies and 3 traditional currencies: USD, EUR, and GBP. It is also a brokerage and portfolio management service firm that operates in different industries including social investing and financial services.
In terms of payment methods, eToro is the best crypto exchange as it offers various payment methods for UK residents. Supported withdrawal and payment methods include credit/Debit cards, Rapid Transfer, Bank Transfer, Skrill, eToro Money, online banking, and Neteller. eToro supports the following debit cards Visa, Maestro, Visa Electron, and MasterCard. All payment methods are instant except for bank transfer which takes about 4 to 7 days.
When compared with other cryptocurrency exchanges, eToro retail accounts spend a lot more on fees. eToro has a complex and unclear fee structure. Users pay 1% in fees for buying and another 1% for selling crypto via their eToro accounts. Users also pay 0.1% in fees for crypto-to-crypto conversion. Withdrawals attract $5 while deposits are free.
eToro supports the staking of only 3 cryptocurrencies: Ethereum, Cardano, and Tron. Unlike other best crypto exchanges in UK, staking rewards on eToro are different. The percentage earned in rewards is dependent on the tier of the customer. Silver, gold, and platinum eToro member enjoy up to 85% in staking rewards, bronze members get 75% while diamond and platinum+ members receive 90% in staking rewards. All staking rewards are automatically paid in on the 10th of every month.
Key Features of eToro UK
eToro Money
This is an e-money account that allows eToro users to make free instant deposits and withdrawals. eToro Money complements the eToro investment platform.
eToro money also allows users to send, receive and manage different cryptocurrencies in the eToro Money app. Users can send and receive money with their account number, personal sort code, and IBAN. There is a Visa card attached to eToro Money. They can also send, receive and store different cryptocurrencies in the eToro money app.
eToro Demo Account
The demo account is designed to help traders get a hang of trading on the platform before trading in the actual market. Users who want to test out new strategies can use the demo account. the eToro demo account is funded with $100,000 in virtual funds which the trader can use to trade crypto. The demo account simulates actual movement, this makes the trading experience real.
Users in the Demo mode have access to all eToro features as well as advanced trading tools and over 3000 instruments from leading global markets including ETFs, stock, crypto and currencies. They can also copy the trading strategies of successful traders using the Copy Trader feature.
Copy Trader
This feature allows eToro users to copy and replicate the trade actions of successful traders on the platform. Users are not charged any management fee for copying traders. Copy Trader replicates the trade positions of the trader being copied in the copying account. All profits and losses made by the expert trader reflect in the appropriate proportion in the copying account. Copy Trader is good for beginners and for individuals who do not have enough time to engage in crypto trading.
eToro Security
Just like most cryptocurrency exchanges in the UK, eToro adheres to the Financial Conduct Authority in the UK. eToro stores users’ assets in different locations with varying insurance coverage. It used a combination of both hot and cold wallets.
Users can protect their accounts with various security features including rate limiting on account operations and two-factor authentication.
We summarised all the eToro key features, but we also made an in-depth eToro Review UK page that you can check out.
Pros
- Suitable for both beginners and intermediate traders
- High staking rewards on supported cryptocurrencies
- It has a demo account
- It supports different payment methods
Cons
- High fees
- Inactivity fees apply to accounts that have been dormant for 1 year
Bitstamp Review UK - Best Crypto Exchange for Casual Investors
Founded in 2011 by Nejc Kodric and Damijan Merlak, Bitstamp crypto trading platform is one of the oldest crypto exchanges. Bitstamp’s headquarters is in Luxembourg. Bitstamp crypto trading platform has a beginner-friendly interface and a simple account verification process.
Bitstamp supports over 78 cryptocurrencies and 3 fiat currencies. The only supported payment methods are credit or debit cards and bank transfers.
Bitstamp is one of the crypto exchanges that charge low trading fees. Trading fees are charged using a volume-based maker-and-taker model. Deposits are free but withdrawals attract a fee of 2.00 GBP. Withdrawal fees also apply to digital currencies but the amount charged is dependent on the currency being withdrawn.
The crypto trading platform supports staking via the Bitstamp Earn program, but only 2 cryptocurrencies (Ether and Algorand) are available. Users earn up to 4.5% APY on staked assets and pay 15% in fees.
Bitstamp has 3 trading platforms: Bitstamp web, Bitstamp mobile app, and Bitstamp Tradeview. Unlike some other cryptocurrency exchanges, Bitstamp charges the same fees across all 3 trading platforms.
Key Feature of Bitstamp
Tradeview
This is Bitstamp’s advanced crypto analytical trading tool. It allows users to place new market orders, view open orders, and teach and analyze the state of the market.
Tradeview has five major elements that enable the user to monitor and stay updated with market movements and all trading activities on their accounts. The five elements are Active Orders, Trading Charts, Depth Charts, Order Book, and Trades Box.
Bitstamp Earn
Just like most cryptocurrency exchanges, Bitstamp allows users to earn rewards on staked assets via the Earn program. With Bitstamp Earn, users can earn rewards for holding their assets on the platform for a specified time. Bitstamp Earn currently supports 2 cryptocurrencies: Ethereum and Algorand.
Bitstamp Security
Bitstamp cryptocurrency exchange holds an ISO/IEC 27001 certification, It conducts periodic SOC2 Type 2 attestations. It also holds 50 global licenses and registrations. Bitstamp has a Financial Control team that conducts daily, weekly, and monthly reviews of customers’ assets against the record of all custodians holding the funds. It also undergoes an annual audit of its global financial statements.
Bitstamp cryptocurrency exchange stores 95% of users’ crypto holdings in secure cold storage vaults offline, while the remaining 5% is left in hot wallets online. The assets in hot wallets are secured with multi-signature technologies while the ones in cold storage are insured. Also, all customers’ crypto holdings and funds are stored separately from Bitstamp’s cooperate assets.
Users’ accounts are secured with security features like password change prompts, two-factor authentication, address whitelisting, and email confirmations for different account activities.
We summarised all the Bitstamp key features, but we also made an in-depth Bitstamp UK Review page that you can check out.
Pros
- Beginner-friendly
- Low trading fees
- Users can earn rewards on held cryptocurrencies
- Users can trade crypto on the go via the mobile app
Cons
- Limited crypto selection
- Only supports 2 payment methods
- Limited advanced trading tools
CoinJar - Best Crypto Exchange with Low Fees for Beginners
CoinJar was founded in 2013 by Asher Tan and Ryan Zhou. Its headquarters is in Melbourne, Victoria, Australia.
CoinJar supports over 58 cryptocurrencies including Bitcoin, Ethereum, Compound, Polkadot, Tether, Algorand, Stellar Lumens, Dogecoin, Litecoin, Ripple, USD Coin, etc. It also supports 2 fiat currencies; GBP and AUD.
Concerning fees, CoinJar does not charge users for GBP deposits and withdrawals using the Faster Payments Service and Bank account. Users are also not charged for receiving digital currencies and transferring crypto to other CoinJar users. Dynamic fees however apply for the transfer of cryptocurrencies from CoinJar to external wallet addresses.
Conversion of fiat currency to cryptocurrencies, crypto to crypto, and crypto to fiat all attract a 1% fee. While Google Pay/Apple Pay and Credit/Debit card purchases attract a 2% fee.
CoinJar users in the UK can only deposit fiat currency using 2 methods: the Faster Payments Service and Instant Buy via the direct purchase of crypto using a supported Mastercard or Visa card.
Key Features of CoinJar
CoinJar Bundles
This feature allows CoinJar users to buy more than one cryptocurrency in one single transaction. Instead of buying different cryptocurrencies one by one and incurring high transaction fees, CoinJar users can buy bundles containing preselected cryptocurrencies.
Available bundles on CoinJar include CoinJar Universe, Bitcoin Bundle, Popular Trio, Popular Duo, Stable Bundle, Stellar &Ripple, Ethereum bundle, ERC-20 bundle, Stable Bundle, and Green bundle.
Once purchased, the cryptocurrencies in the bundle can be managed independently.
CoinJar Card
This is a prepaid Mastercard crypto debit card, that allows CoinJar users to make payments with crypto from their CoinJar accounts.
The card is compatible with both Google Pay and Apple Pay and it is accepted anywhere Mastercard is accepted worldwide.
There is a digital copy and a physical copy of the CoinJar card. The physical card can be used to make ATM withdrawals. The CoinJar card can be managed from the CoinJar mobile app. CoinJar does not charge any issuance fee for both the physical and digital card.
CoinJar users earn 2 CoinJar reward points for every £1 spent using the CoinJar debit card.
Cash ATN withdrawals using the card attract a 1% fee while all foreign transactions made with the card attract a fee of 2.99%+.
CoinJar Over-The-Counter (OTC)
The OTC trading desk is available to institutional clients and high-net-worth individuals that wish to trade £25,000 or more on the CoinJar exchange.
OTC clients have access to over 50 cryptocurrencies and 3 fiat currencies. CoinJar offers personalized services to clients through a dedicated account manager.
Benefits enjoyed by CoinJar OTC clients include: low fees, globally sourced liquidity, fast and secure trades, Bid/Ask spread on quoted prices, zero spillage, and zero extra fees.
CoinJar Security
CoinJar stores the majority of its crypto assets in multi-signature cold storage wallets offline. All assets are secured by BitGo and Fireblocks.
It also maintains a full reserve which has enough assets to cover a 100% of all customers’ balances. The support team constantly monitors users’ accounts to ensure that suspicious activities like financial fraud, unauthorized logins, and account takeovers are easily detected.
CoinJar accounts can be protected with two-factor authentication while corporate clients have access to unique segregated wallets, real-time transaction tracking, and high-value insurance options.
We summarised all the CoinJar key features, but we also made an in-depth Coinjar Review UK page that you can check out.
Pros
- Best for beginners and intermediate traders
- The CoinJar app allows users to trade on the go
- It has a crypto debit card
- Low fees
Cons
- Limited coin selection
- Does not have enough advanced trading tools for experienced traders
Gemini - Best Crypto Exchange for Asset Custody
Gemini was founded by Tyler and Cameron Winkle Voss in 2015. It is a New York trust organization that’s under the regulation of the New York State Department of Financial Services (NYSDFS).
With its headquarters in New York, United States, Gemini is also a legal custodian and fiduciary. It is also subject to the cyber security, banking compliance, and reserve requirements outlined by the New York Banking Law and NYSDFS.
Gemini supports over 100 cryptocurrencies and 7 fiat currencies including USD, EUR, GBP, and SGD. Supported payment methods include Faster Payment Service, Debit cards, SWIFT, and bank transfers via CHAPS.
In terms of fees, Gemini’s fee schedule varies based on the user’s usage and product level. Orders placed via the mobile app incur a transaction fee and convenience fee. Dynamic fees apply to the Withdrawal of ETH and ERC-20 tokens and withdrawing funds from Gemini Custody to the Gemini Exchange attracts a fee of GBP 103.10.
Gemini users can buy NFTs on the platform via Nift Gateway Gemini’s NFT marketplace. Gemini also supports the staking of Polygon and Ether with APY up to 4.03% and 3.77% respectively.
Key Features of Gemini UK
Gemini Custody
This is a storage solution that gives Gemini users access to Gemini’s secure and regulated offline cold storage system. Gemini Custody supports all the cryptocurrencies available on the platform.
Custody is suitable for institutional clients and crypto investors that need the highest level of security for their crypto assets. Every customer’s fund is stored in segregated unique crypto addresses and each crypto address can be independently verified and audited.
Gemini Credit Card
This is a Mastercard that allows Gemini users to pay for goods and services with cryptocurrencies. The card is accepted anywhere Mastercard is accepted worldwide.
Cardholders enjoy up to 3% back on dining, 2% back on groceries, and 1% back on all purchases. They also get 10% back in crypto on gas at the pump. Unlike other crypto cards, all rewards are instantly credited to the user’s account.
Gemini Security
Gemini is the first crypto exchange in the world to have completed the SOC 1 Type 2 and SOC 2 Type 2 exams. It stores the majority of its crypto assets in cold wallets offline. The assets in cold storage have $200 Million in insurance.
All accounts are protected with two-factor authentication. Users can also activate the crypto address whitelisting feature.
We summarised all the Gemini key features, but we also made an in-depth Gemini Review UK page that you can check out.
Pros
- It supports 6 fiat currencies
- It has a variety of features that are suitable for both beginners and advanced traders
- It supports different payment methods
- It has a crypto credit card
Cons
- Complex fee structure
- High fees
- Supports the staking of only 2 assets
Kraken - Best for Advance Trader
Founded in 2011, Kraken is headquartered in San Francisco, California, United States. It is suitable for advanced traders who wish to do more than just buy and sell cryptocurrencies.
Kraken supports over 185 cryptocurrencies and seven fiat currencies. Supported payment methods include Google Pay, Apple Pay, and Debit or Credit card. It supports withdrawals via CHAPS and FPS.
Kraken fees are as low as 0%. However, trading fees apply when using the instant buy and sell feature on the website and the mobile app. Kraken does not clearly state the fee schedule, you only know what the fees are when you create a transaction. The testing fees for Kraken Pro are based on a tiered based taker and Maker model.
Kraken has an NFT place that features over 110 NFT collections. Users can also earn up to 21% from the staking of supported cryptocurrencies.
Key Features of Kraken
Kraken Pro
This is Kraken’s advanced trading platform featuring advanced trading tools for experienced traders. Pro users have access to a customizable interface with various trading models to choose from. They also have access to spot trading, staking, live market, and margin trading.
Kraken OTC
Kraken’s trading desk is available to high-net-worth individuals who wish to trade crypto in large volumes. OTC clients have access to personalized services, deep liquidity, tighter spreads, and low fees.
Kraken offers OTC trading via Chat Trading or Auto Request-For-Quotes.
Kraken Security
Kraken holds an ISO/IEC 27001:2013 certification. It stores users’ assets in a combination of both hot and cold wallets. And it conducts regular Proof of Reserves audits and encrypts all email and sensitive data.
Users’ accounts are protected with SSL encryption and two-factor authentication. As well as other security features like email confirmation for withdrawals and Configurable account timeout.
We summarised all the Kraken key features, but we also made an in-depth Kraken Review UK page that you can check out.
Pros
- It has one of the largest crypto education centers known as Kraken Learn
- Suitable for advanced traders
- High staking rewards
- Large selection of cryptocurrencies
- It has a built-in NFT marketplace
Cons
- Poor customer service
- Unclear fee schedule
| Exchange | Number of Coins | Payment Methods | Trading Fees | Platform App |
|---|---|---|---|---|
| eToro | 20+ | Credit/Debit card, Bank account transfer, Neteller, and more | Up to 2% | Web/Desktop/Mobile |
| CoinBase | 160+ | Bank transfer via Faster Payments Service, Debit card | Up to 0.60% | Web and Mobile |
| Crypto.com | 250+ | Debit card, Bank transfer via Faster Payments Service | Up to 0.0750% | Mobile and Web |
| Kraken | 100+ | Credit or debit card, Google Pay, Apple Pay, bank transfer via Faster Payments Service and CHAPS | Up to 0.26% | Mobile, Web |
| Gemini | 100+ | Bank transfer and debit card | Up to 0.40% | Web, Mobile, Desktop |
| CoinCorner | 1 | Bank transfer, debit card | 1% | Mobile and Web |
| Bitstamp | 70+ | Credit or debit card, bank transfer via Faster Payments Service | Up to 0.40% | Mobile and Web |
| CoinJar | 50+ | Credit or debit card, Bank transfer via Faster Payments Service | Up to 0.10% | Mobile and Web |
| Binance UK | 350+ | peer-to-peer, Bank transfer via Paysafe | up to 0.10% | Mobile, Web, Desktop |
What is a Crypto Exchange?
A crypto exchange is a company that enables customers to trade digital currencies for other assets such as fiat currencies or cryptocurrencies.
How to Choose the Right Exchange?
To choose the right crypto exchange in the UK, you must consider the following factors:
- The number of available cryptocurrencies
- Supported payment methods
- Available withdrawal methods
- Fees charged (trading fees, withdrawal fees, deposit fees, platform fees, etc)
- Type of exchange (decentralized or centralized crypto exchange)
- Security (security measures available, previous hacking incidents)
- Customer service
- Ease of use
- Crypto-related products available (NFT marketplace, options, futures, margin trading, crypto card, etc)
Final Thoughts
That’s a wrap on the best crypto exchanges in the UK. As already mentioned above, Crypto.com stands out as our pick as the best crypto exchange in the UK. Other exchanges on this list have their strengths like low trading fees for Binance and ease of use for Coinbase. Just ensure that you follow the considerations to consider before choosing one of the best crypto exchanges in the UK.
FAQ
Most frequent questions and answers
To buy crypto with GBP you need to sign up for a crypto exchange that supports the fiat currency like Crypto.com, Coinbase, CoinCorner, etc.
Binance has the most coins in the UK. It offers 350+ cryptocurrencies.
Here’s a list of some of the best crypto-friendly banks in the UK:
- Royal Bank of Scotland
- Standard Chartered Bank
- Nationwide bank
- Barclays bank
- NatWest
Yes, buying crypto with fiat currency in the UK is legal. However, the company facilitating the trade must be registered with the FCA.
We always try to provide the most accurate information available, and make sure our team follow through.
If you want to know more about our Crypto Exchanges Review Methodology follow the link below
Skrumble.com provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade, or sell any investment instruments or products, including but not limited to cryptocurrencies, or use any specific exchange. Please do not use this website as investment advice, financial advice, or legal advice, and each individual’s needs may vary from that of the author. Investing in financial instruments, including cryptocurrencies, carries a high risk and is not suitable for all investors. It is possible to lose the entire initial investment, so do not invest what you cannot afford to lose. We strongly advise conducting your own research before making any investment decisions. This post includes affiliate links with our partners who may compensate us.
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