⚡ What to Look for in British Crypto Exchanges?

British crypto exchanges vary, so look at essential features before trading in cryptocurrency. Check these aspects when choosing an exchange in the UK: Regulation: Check whether your selected crypto exchange has a regulatory license. The crypto exchanges must adhere to rules such as having insurance for user crypto assets. Unregulated crypto trading platforms in the UK are susceptible to mismanagement and fraud. Listed cryptocurrencies: You need a Bitcoin trading platform exchange, that trades with the best coins and altcoins in the market. The best crypto trading platform gives you value for your money. Confirm whether the cryptocurrency exchange reviews the credibility of cryptocurrencies before listing. Trading fees: The best crypto exchanges are transparent about their trading fees, while others are vague. You should know the different types of trading fees, for example, spreads. It gives you a good perspective before committing to transactions. So, you need competitive trading fees for the best value. Type of wallet: Cryptoexchanges can have custodial or non-custodial wallets. A non-custodial wallet is more secure than a custodial one because the cryptocurrency exchange does not hold your crypto. Cryptocurrency exchanges control custodial wallets, which puts you at more risk of fraud or a security breach. Security: The best crypto exchanges use security measures such as cold storage and two-factor authentication. They are essential to secure your account and assets. Other measures include email confirmations, third-party security audits, and offsite backups. Deposit and withdrawal methods: Select an exchange that fits your payment preference. Examples of payment options are PayPal, credit or debit card, and bank transfer. The best UK crypto exchanges are flexible in allowing you to withdraw and deposit funds. User Interface: An exemplary user interface makes browsing through the basic and advanced features convenient. The best bitcoin exchange offers a friendly interface to beginners and expert traders. For example, the bitcoin exchange should have clear call-to-actions to access trading tools. Customer support: An exchange should provide you with 24/7 support. Round the clock support is for consulting, if you have issues with your account or need help to navigate the cryptocurrency exchange. The best bitcoin trading platform should have a support team that's responsive and well-trained.

7 Best Crypto Exchanges in UK (2023 Reviews)

As an investor in the UK, you can now access a wide range of crypto exchanges. But selecting an exchange with a bad reputation could expose you to security risks, high trading fees, lack of liquidity, poor customer support or an inconvenient user interface.

We researched over 48+ crypto exchanges in the UK, and selected the 7 best, so you don’t have to. The research process was challenging because of the changing crypto market situations. We overcame that with frequent updates.

Best Crypto Exchange UK

Exchange	Best feature	Deposit fee	Withdrawal fees	Free trial	Link
Binance	P2P trading.	$0 (Free)	Variable depending on the blockchain network, for example, ETH or BTC.	Free account with an instant money-back guarantee without any time limit.	Learn More
Zengo	Industry-leading security.	$0 (Free)	$0 (Free)	Free account, with non-custodial crypto storage for money guarantee, without time limits.	Learn More
StormGain	It suits beginner traders.	3.5% commission on credit/ debit card, and ($0) free from other crypto wallets.	0.1% of the withdrawal amount and a fixed charge of 0.0006 BTC.	Free account, with instant withdrawals within 2 hours.	Learn More
PrimeXBT	Leverage trading.	0.05% charge on deposit amount.	0.0005 BTC.	Free account with instant withdrawals.	Learn More
Paybis	Access a wide range of fiat currencies.	0.99% commission for all deposits, except the $2 fixed fee for bank transfers.	2.49% commission for all withdrawals.	Free account with a 30-day refund policy.	Learn More

Expert Advice:

“We recommend selecting a crypto exchange that allows you to earn on your idle crypto holding with yield generating products like staking, lending, liquidity farming, dual investment etc.”

1) Binance – Best for P2P trading

Binance has an elegant user interface, competitive fees, and a variety of charts. It’s low spot crypto trading fees make it one of the best in the market to trade bitcoin and other cryptos. Trading Binance’s token BNB and Bitcoin gives you the best crypto exchange value as it offers specialized BNB and Bitcoin exchange services.

Binance’s Simplex facilitates liquidity on the crypto trading platform with swift wire transfers and credit card top-ups. It is the best crypto exchange for peer-to-peer trading with record low fees. You can use Binance on Brave widgets for fast and secure browser crypto trading, making it easier to manage your crypto portfolio.

Key features

Binance is the cheapest crypto exchange for all transactions involving Bitcoin trading pairs.
It has a detailed portfolio section to easily monitor crypto assets and wallets.
You get a comprehensive NFT section with offers, such as fan tokens and mystery boxes.
Use Binance Pay to receive crypto payments in your business.
You can earn interest by staking your crypto funds.
This crypto exchange has a secure asset fund to ensure 10% of all user deposits.
Personalize access to your crypto exchange account by restricting addresses or devices.
It offers advanced data encryption to protect your crypto exchange account and deposits.

👍 Pros	👎 Cons
Has plethora of features that cater to all types of crypto investors.	The US version has fewer features.
P2P crypto trading is secure with the KYC account verification process.	Lacks a dedicated digital crypto wallet.
Access to analysis tools, ranking it as one of the best bitcoin platforms.
Offers real-time prices.

Key Specs:

Listed cryptocurrencies: Over 3500 cryptocurrencies
Mobile support: Available on iOS and Android.
Supported payment methods: Bank transfers and debit/credit cards.
Pricing:
• Account opening fee: $0 (Free)
• Minimum deposit: $1
• Minimum withdrawal: $1, or $100 for domestic wire transfer.
• Deposit fee: $0 (Free)
• Withdrawal fees: Variable depending on the blockchain network, for example, ETH or BTC.
Free trial: Free account with an instant money-back guarantee, without a time limit.

Visit Binance >>

2) Zengo – Best for industry-leading security

Zengo is an innovative crypto wallet that uses MPC technology and two sets of keys for security. The crypto exchange keeps one set, and you keep the other. It makes it impossible to lose cryptocurrency during a breach. Zengo levies transparent crypto trading fees during local currency conversion, spread, processing, and network commissions.

It is one of the best crypto exchanges that uses FaceID and fingerprint sensors for biometric identification. Earn interest when you lend your crypto to other users.

Key features:

Connect your account to Defi Dapps and NFTs on the Zengo crypto exchange app.
It has comprehensive security with MPC wallet cryptography, 3FA authentication, and biometric encryption.
You don’t need a seed phrase to secure your Zengo exchange wallet for easy recoverability.
Use WalletConnect for crypto gaming and to discover other crypto trading apps.
You have access to 24/7 live chat support on the online exchange.
Zengo-Pro: For $20 a month, users can enjoy premium next-gen security features: Asset Withdrawal Protection locked to the wallet owner’s biometrics, an advanced Web3 Firewall and legacy Transfer.

👍 Pros	👎 Cons
It has three-factor security to enhance crypto wallet security.	Geo-location restrictions. You cannot trade when you travel
There’s a low risk of a single point of failure, which ranks it high as one of the best crypto trading platforms.	You don’t have complete control over your private keys

Key specs:

Listed cryptocurrencies: Over 120+ cryptocurrencies.
Mobile support: Available on iOS and Android.
Supported payment methods: Maestro, bank transfers (Swift and SEPA), Apple Pay, and credit cards.
Pricing:
• Account opening fee: $0 (Free)
• Minimum deposit: $0
• Minimum withdrawal: 0.001 BTC
• Deposit fee: $0 (Free)
• Withdrawal fees: $0 (Free)
Free trial: Free account, with non-custodial crypto storage for money guarantee, without time limits.

Visit Zengo >>

3) StormGain – Best for beginner traders

StormGain is popular among traders for leverage broking as it offers reasonable market rates and a simple interface to trade crypto. The Cloud Miner tool allows you to generate crypto coins with no commissions. Use the crypto trading terminal on your browser to get more features on the Cloud Miner. You can subscribe to the investment deposit program to earn up to 12% interest.

Its loyalty program is lucrative and gives you an extra option to boost your earnings. Offers advanced features that experienced crypto traders. You can customize your dashboard to fit your trading preferences. It is one of the best crypto exchanges with instant transactions.

Key features

Offers in-app Bitcoin mining.
Earn daily interest on Bitcoin deposits and mining, making it a suitable bitcoin exchange.
You get 0% trading commissions on all transactions.
It’s one of the few exchanges where you earn up to 500X leverage on futures for any trading volume.
You can use signals provided by StormGain to get alerts on market fluctuations.
Use StormGain News and the blog section for cryptocurrency updates.
It is the best crypto exchange for using the Islamic account feature.

👍 Pros	👎 Cons
Use an extra wallet on the browser terminal.	A few crypto pairs.
No trading fees on non-profitable trades.	Low support for fiat currencies.
Mine and use fixed deposits for passive earnings on your digital currencies.
Supports a wide variety of international languages.

Key specs:

Listed cryptocurrencies: Over 100 cryptocurrencies
Mobile support: Available on iOS and Android
Supported payment methods: Crypto wallet, Simplex (Visa and MasterCard), debit/credit cards, and SEPA bank transfer
Pricing:
• Account opening fee: $0 (Free)
• Minimum deposit: $50
• Minimum withdrawal: $50
• Deposit fee: A 3.5% charge on credit/ debit card and $0 (free) from other crypto wallets.
• Withdrawal fees: 0.1% of the withdrawal amount and a fixed charge of 0.0006 BTC.
Free trial: Free account, with instant withdrawals within 2 hours.

Visit StormGain >>

4) PrimeXBT – Best for leverage trading

PrimeXBT is the best crypto exchange for specialized bitcoin and margin trading. You can punch several order types and high liquidity for instant withdrawal. All you need to do is verify your account after registering through its simple KYC registration for advanced trading features. You will gain about 100x leverage for increased profitability.

You get detailed guides on crypto trading platforms with a customizable interface. It is one of the best crypto trading platforms that provides real-time analysis of market movements to help your trades. It also has charting, trading tools, and research resources.

This UK crypto exchange has a four-tier payout system on the referral model as a commission plan. It is the best crypto exchange for third-party market analyses, such as TradingView, and you can sell Bitcoin and other cryptos with more detailed information.

Key features:

You can buy crypto at actual market prices.
It has different payment options like bank transfers, Mastercard, and VISA cards.
This crypto exchange charges low trading fees on margins.
Improve your profitability by using leverage trading.
It has swift order execution with low trading fees.
You can copy trade to manage your portfolio and follow best-performing traders.
Share your trades and earn up to 20% commission on all profits.
Use the fixed deposit to get about 14% interest, and you can withdraw anytime.
It has a wide variety of crypto and fiat currency pairs.
Access the academy to learn about crypto trading, market analyses, and blockchain basics.
It is one of the best UK trading platforms with trading features for commodities, indices, and forex.

👍 Pros	👎 Cons
Create anonymous accounts to trade without KYC.	It’s unregulated.
Turbo trade for quick turnovers.	Poor Customer Support
Use novel covesting for automatic trades.
Access the chart features for more market analyses.

Key specs:

Listed cryptocurrencies: Up to 24 major cryptocurrencies.
Mobile support: Available on iOS and Android.
Supported payment methods: Gift cards, debit/credit cards, online wallets, and bank transfers.
Pricing:
• Account opening fee: $0
• Minimum deposit: 0.001 BTC
• Minimum withdrawal: $1
• Deposit fee: 0.05% charge on deposit amount.
• Withdrawal fees: 0.0005 BTC.
Free trial: Free account with instant withdrawals.

Visit PrimeXBT >>

5) Paybis – Best to access a wide range of fiat currencies.

Paybis is the best crypto exchange for liquidity and supports crypto and fiat currencies like the Euro, US dollar, and Pound Sterling. The Financial Conduct Authority regulates this UK crypto exchange.

The registration process is swift with AML and KYC compliance. It saves you time, with verification taking about 15 minutes more than most crypto exchange platforms. It allows you to convert your fiat currency to crypto at no extra cost.

Paybis uses advanced encryption and two-factor authentication to store your crypto coins. It also pauses suspicious transactions on your account pending review. It is among the best cryptocurrency trading platforms with transparent trading fees defined for every payment method.

Key features:

Buy crypto using a debit or credit card, Neteller, Skrill, and bank account transfer.
Your first transaction on Paybis is free.
Access your account in 48 US states and over 180 countries.
Low fees and low payable commissions on your trades.
Quick security checks to optimize your trading experience.
It has instant payouts and high liquidity.
You get bonuses when you buy crypto.
The fee structure is transparent.
You can access up to 47 fiat currencies.
Verify your account to use its advanced features.
You get a detailed guide on how to use Paybis.
Link your external wallet addresses, including other crypto trading platforms.
It has a news section with regular updates from the CEO and top representatives.

👍 Pros	👎 Cons
No hidden trading fees, offers transparency	It doesn’t have a demo account.
Extensive regulation ensures credibility.	Can’t sell crypto other than Bitcoin.
Instant verification after registration.
It offers other products through third-party firms which use its liquidity services.

Key Specs:

Listed cryptocurrencies: Over 200
Mobile support: Available on Android and iOS.
Supported payment methods: Skrill, Neteller, bank transfers, and credit/debit card.
Pricing:
• Account opening fee: $0
• Minimum deposit: $5
• Minimum withdrawal: $5
• Deposit fee: 0.99% commission for all deposits, except the $2 fixed fee for bank transfers.
• Withdrawal fees: 2.49% commission for all withdrawals.
Free trial: Free account with a 30-day refund policy.

Visit Paybis >>

6) Coinbase – Best for a user-friendly interface.

Coinbase uses a spread fee structure on purchases and sales. The rate changes depending on market conditions. You can export your crypto wallet content to other wallets and crypto exchanges. This cryptocurrency exchange provides rewards when you use certain resources and review all new coins before listing them to protect the platform from fraudulent cryptocurrencies.

It is the best crypto exchange for managing your crypto portfolio. The user interface is quite simple. You can also increase your transaction limits by completing KYC verification. Their low deposit minimum allows you to measure your investment accordingly.

Key features

It has a dedicated portfolio section for easy management and tracking.
You can schedule your crypto purchases on the crypto exchange.
Use the vault to save and delay withdrawals.
The crypto exchange stores all the crypto holdings offline to prevent compromise.
It ensures user crypto deposits up to $250,000 which is more than most exchanges in the UK.
Access the NFT section to buy collectibles.
It has a resource center for guides, tutorials, and tips.

👍 Pros	👎 Cons
It has extensive liquidity for instant withdrawals.	High trading commissions.
Access to many crypto trading pairs.	A small number of AltCoins.
It supports many fiat currencies.
Your deposits are secure with asset crime insurance.

Key specs:

Listed cryptocurrencies: More than 100 cryptocurrencies.
Mobile support: Available on iOS and Android.
Supported payment methods: Bank account (ACH) and debit card.
Pricing:
• Account opening fee: $0 (Free)
• Minimum deposit: $25
• Minimum withdrawal: $2
• The deposit fee is $0 (Free) except for a 2.49% charge on debit/credit cards and $10 on the wire transfer.
• Withdrawal fees: $0 (Free) except for a $25 charge on the wire transfer.
Free trial: Available with instant withdrawals.

Visit Coinbase >>

7) Uphold – Best for multi-asset trading

Uphold hosts a wide variety of tokens and tradable coins. You can also access foreign exchange and precious metals, or minerals. It works with the crypto market for a direct swap instead of conversion to fiat. KYC verification is a must to access advanced features.

Uphold is amongst the best crypto exchanges for security. This cryptocurrency exchange has layered defenses and encryption for wallet security. It also runs a bug bounty program to find the crypto trading platform’s flaws proactively. You can set up your two-factor authentication for added security to your account.

Stake using Solana, Tezos, and Ethereum cryptos to earn interest. Remember, you might incur capital gains tax on your earnings. Withdraw your rewards to the Uphold Mastercard and spend on the crypto exchange. It provides higher cashback if you pay on Uphold rather than elsewhere

Key features

It is one of the exchanges in the UK with a vast collection of hard-to-find altcoins and trading tools.
You won’t incur trading fees on staking, and you can earn up to 25% interest.
This crypto exchange has over 50 US stocks.
You can control the number of orders using the Exclusive Limit Orders Feature.
This crypto exchange allows you to automate your trading strategies to manage price volatility.
Uphold publishes all crypto holdings and transactions instantly.

👍 Pros	👎 Cons
Get Uphold debit card rewards.	It has no equity trading for European and US crypto investors.
High crypto-staking rewards.	The crypto exchange has unpredictable spread fees.
Trade a wide variety of crypto assets.
Industry-leading security measures.

Key specs:

Listed cryptocurrencies: Over 200 cryptocurrencies.
Mobile support: Available on iOS and Android.
Supported payment methods: Debit and credit cards.
Pricing:
• Account opening fee: $0 (Free)
• Minimum deposit: $10
• Minimum withdrawal: $10
• The deposit fee: $0 (Free) except for a 2.49% charge on debit cards and 3.99% on credit cards.
• Withdrawal fees: $0 (Free) except for a network fee between crypto wallets.
Free trial: Available, with instant withdrawals.

Visit Uphold >>

FAQs

Choosing the best cryptocurrency exchange depends on various factors. It’s okay to use multiple exchanges for different functions. The best exchanges in the UK are:

Here are steps to buying cryptocurrency from a crypto exchange in the UK:

Step 1) Choose a crypto exchange

The first step is to choose an exchange. The best crypto exchanges on our shortlist are Binance, Zengo, Storm Gain, PrimeXBT, and Paybis. You can visit their official sites on your browser or download their applications.

Click on the prompt to create your account or log in if you already have one on the cryptocurrency exchange you select.

Step 2) Create your account on the crypto exchange

Sign up with your details, then verify your account to access advanced features. KYC security protects the integrity of transactions to limit fraud.

Verification requires your identification card, passport, or driver’s license.

Step 3) Link a payment method and buy a crypto asset

Check the crypto coin you want, confirm the cryptocurrency exchange rate, and approve the transaction. You can manage your portfolio from your exchange in the UK, which is an auto-generated wallet.

British crypto exchanges vary, so look at essential features before trading in cryptocurrency. Check these aspects when choosing an exchange in the UK:

Regulation: Check whether your selected crypto exchange has a regulatory license. The crypto exchanges must adhere to rules such as having insurance for user crypto assets. Unregulated crypto trading platforms in the UK are susceptible to mismanagement and fraud.
Listed cryptocurrencies: You need a Bitcoin trading platform exchange, that trades with the best coins and altcoins in the market. The best crypto trading platform gives you value for your money. Confirm whether the cryptocurrency exchange reviews the credibility of cryptocurrencies before listing.
Trading fees: The best crypto exchanges are transparent about their trading fees, while others are vague. You should know the different types of trading fees, for example, spreads. It gives you a good perspective before committing to transactions. So, you need competitive trading fees for the best value.
Type of wallet: Cryptoexchanges can have custodial or non-custodial wallets. A non-custodial wallet is more secure than a custodial one because the cryptocurrency exchange does not hold your crypto. Cryptocurrency exchanges control custodial wallets, which puts you at more risk of fraud or a security breach.
Security: The best crypto exchanges use security measures such as cold storage and two-factor authentication. They are essential to secure your account and assets. Other measures include email confirmations, third-party security audits, and offsite backups.
Deposit and withdrawal methods: Select an exchange that fits your payment preference. Examples of payment options are PayPal, credit or debit card, and bank transfer. The best UK crypto exchanges are flexible in allowing you to withdraw and deposit funds.
User Interface: An exemplary user interface makes browsing through the basic and advanced features convenient. The best bitcoin exchange offers a friendly interface to beginners and expert traders. For example, the bitcoin exchange should have clear call-to-actions to access trading tools.
Customer support: An exchange should provide you with 24/7 support. Round the clock support is for consulting, if you have issues with your account or need help to navigate the cryptocurrency exchange. The best bitcoin trading platform should have a support team that’s responsive and well-trained.

The British government can track cryptocurrency through the HM Revenue & Customs (HMRC). It is part of their data-sharing program to provide cryptocurrency exchanges with KYC information. Every regulated cryptocurrency exchange in the UK follows the HMRC rules. Examples of crypto trading platforms regulated in the UK are Coinbase and Paybis.

Best Crypto Exchange UK

Exchange	Best feature	Deposit fee	Withdrawal fees	Free trial	Link
Binance	P2P trading.	$0 (Free)	Variable depending on the blockchain network, for example, ETH or BTC.	Free account with an instant money-back guarantee without any time limit.	Learn More
Zengo	Industry-leading security.	$0 (Free)	$0 (Free)	Free account, with non-custodial crypto storage for money guarantee, without time limits.	Learn More
StormGain	It suits beginner traders.	3.5% commission on credit/ debit card, and ($0) free from other crypto wallets.	0.1% of the withdrawal amount and a fixed charge of 0.0006 BTC.	Free account, with instant withdrawals within 2 hours.	Learn More
PrimeXBT	Leverage trading.	0.05% charge on deposit amount.	0.0005 BTC.	Free account with instant withdrawals.	Learn More
Paybis	Access a wide range of fiat currencies.	0.99% commission for all deposits, except the $2 fixed fee for bank transfers.	2.49% commission for all withdrawals.	Free account with a 30-day refund policy.	Learn More