Best Crypto Exchanges in the UK for 2024

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Adam Woodhead
Adam Woodhead

Adam Woodhead

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Adam is a Co-Founder and content creator for The Investors Centre. His key areas of interest and expertise are cryptocurrency and blockchain technology.

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Dom Farnell
Dom Farnell

Dom Farnell

Co-Founder

Dom is a Co-Founder of TIC, a passionate investor and seasoned blog writer with a keen interest in financial markets and wealth management. "My goal is to empower individuals to make informed investment decisions through informative and engaging content."

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Last Updated 15/06/2024
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Please keep in mind that Crypto assets are volatile and currently unregulated. This volatility presents risk to your investment, and you may lose your funds. Profits from Cryptocurrency sales may be subject to Capital gains tax under UK law. 

Quick Answer: Who Ranks Top?

The best crypto exchange in the UK is eToro, with a wide range of trading choices and strong security. Beginners might prefer Coinbase for its simplicity and ease of trading, making it a great starting point. Both are user-approved and well-regulated.

The Top 10 Crypto Exchanges in the UK are:

  1. eToro – Best in class for ease of use, simplicity and quick sign up.
  2. Uphold– Great all rounder and offers an extensive selection of altcoins for UK users.
  3. MEXC – The premier choice for accessing a vast array of cryptocurrencies.
  4. OKX – Leading the pack as the overall best for UK traders.
  5. Binance – Unmatched for its trading volume and liquidity, ideal for UK traders.
  6. Coinbase – The go-to exchange in the UK for beginners.
  7. Kraken – Renowned for offering some of the lowest fees
  8. Bybit – The top choice for derivatives trading.
  9. CoinJar – Simplifies crypto transactions, making it accessible for UK residents.
  10. Bitpanda – Provides easy access to cryptocurrencies, metals, and savings products.

Crypto Exchange Comparison Table

Uphold
eToro Logo
eToro
MEXC
OKX
Binance
Coinbase
Kraken
Bybit
CoinJar
Bitpanda
Spot Crypto
200+
120+
1500+
350+
370+
390+
210+
500+
50+
150+
FCA Regulated
Founded
2015
2007
2018
2017
2017
2012
2013
2018
2013
2014
HQ
USA
Israel
Singapore
Seychelles
Caymens
California
Seychelles
Dubai
Australia
Austria
Native Token
UP
MX
OKB
BNB
COINJAR
BEST
Demo Image
4.2/5
4.1/5
1.9/5
3.2/5
2.1/5
1.5/5
2.0/5
3.2/5
4.4/5
4.3/5
Staking
Leverage
Non UK
Non UK
up to 200x
Non UK
Non UK
Non UK
Non UK
Non UK
Non UK
Non UK
Mobile App
DEFI Wallet
Beginner Friendly
4/5
4.2/5
3.5/5
4/5
4/5
4.5/5
4.5/5
3.5/5
3.5/5
3.5/5
Demo Account
Available in UK
Review Score
4.5/5
4.7/5
4.5/5
4.35/5
4.0/5
4.35/5
4.35/5
4.35/5
4.15/5
3.9/5
Please Refer to the Crypto Exchange for the most up to date information

Top 10 Crypto Exchanges

Navigating the world of cryptocurrency exchanges has been both an exhilarating and enlightening journey for me. Over the years, I’ve personally engaged with numerous platforms, meticulously testing and assessing their offerings to discern not only the most user-friendly interfaces but also the robustness of their security measures and fee structures. My approach has always been hands-on: I’ve initiated trades, interacted with customer support, and explored the depths of each platform’s features to genuinely understand their performance and reliability.

4.7/5

eToro - Best in class for ease of use, simplicity and quick sign up

eToro is renowned for its user-friendly platform that caters especially to beginners and casual investors, emphasizing simplicity in trading and a quick, straightforward signup process.

eToro offers a social trading experience where users can copy trades from experienced investors. Its platform supports a variety of assets, including cryptocurrencies, stocks, and commodities, enhancing its appeal to a broad audience.

eToro prioritizes user security with advanced protection measures such as SSL encryption, two-factor authentication, and strict verification processes to ensure the safety of user assets and personal information.

Trading on eToro involves zero commission on stocks and competitive spreads on cryptocurrencies. However, there are withdrawal fees and inactivity fees that traders should be aware of.

The platform is designed with intuitive navigation and a clean interface, making it accessible even to those new to trading. Account registration is streamlined, offering a hassle-free setup.

eToro supports a range of payment methods including credit/debit cards, PayPal, bank transfers, and more, allowing for easy deposits and withdrawals for UK users.

The eToro app is robust, providing full functionality for trading and account management on-the-go.

Pros: User-friendly, diverse assets.

Cons: Higher fees on some trades.

eToro offers customer support via live chat and email, but users may experience slower response times during peak hours, which can be a drawback.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Uphold logo
4.5/5

Uphold - Great all rounder and offers an extensive selection of altcoins for UK users

Uphold stands out for its transparent and versatile platform, offering a wide range of cryptocurrencies, national currencies, precious metals, and equities, making it a comprehensive financial service for diverse traders.

Key features include an ‘Anything-to-Anything’ trading experience, allowing users to trade directly between different asset classes in one step. The platform also supports environmental assets, like carbon credits, expanding its unique offerings.

Security at Uphold is robust, with full reserve holdings publicly verifiable in real-time. The platform uses industry-standard encryption and multi-factor authentication to safeguard accounts and transactions.

Uphold operates with a transparent pricing model, featuring zero deposit and withdrawal fees for major currencies, though it applies a spread on trades that varies by market conditions.

The user interface of Uphold is praised for its clarity and ease of use, accommodating both beginners and experienced traders with efficient navigation and straightforward functionality.

Uphold supports multiple payment methods, including bank transfers, credit/debit cards, and even cryptocurrencies, providing flexible options for UK users.

Uphold’s mobile app mirrors the desktop experience, offering full trading capabilities and account management.

Pros: Versatile assets, no hidden fees.

Cons: Limited advanced trading tools.

Customer service is accessible via email and live chat, with additional support resources like a comprehensive FAQ section and online help center.

MEXC LOGO FOR MEXC vs coinbase comparison table
4.5/5

MEXC - The premier choice for accessing a vast array of cryptocurrencies

MEXC homepage screenshot showcasing a wide variety of available cryptocurrencies and trading options for UK users.

MEXC Global stands out as a high-performance trading platform renowned for its extensive range of cryptocurrencies and innovative trading services, catering to both beginners and experienced traders worldwide.

MEXC offers an exceptional variety of trading options including spot, margin, futures, and ETF trading. It’s particularly noted for its vast selection of over 1,000 cryptocurrencies and tokens, including many lesser-known altcoins.

MEXC employs stringent security measures such as SSL encryption, multi-factor authentication, and cold storage of assets to ensure robust protection of user funds and data. Regular security audits further reinforce its commitment to safety.

The exchange employs a competitive and transparent fee structure, with maker-taker fees that decrease with higher trading volumes, making it appealing for active traders seeking cost efficiency.

MEXC is designed with a user-friendly interface that supports multiple languages, making it accessible to a global audience. Its platform is streamlined for ease of navigation and efficient trading.

MEXC accepts a wide array of payment methods including bank transfers, credit/debit cards, and cryptocurrencies, facilitating convenient deposit and withdrawal options for users.

The mobile app for MEXC provides full functionality, ensuring traders can operate anywhere, anytime.

Pros: Wide crypto selection, low fees.

Cons: Complicated for beginners.

MEXC’s customer support is available through multiple channels, including live chat, email, and a comprehensive support center to assist users efficiently.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

OKX Logo for OKX vs MEXC blog
4.3/5

OKX - Leading the pack as the overall best for Expert Traders

OKX homepage image displaying advanced trading platform features and tools,

OKX, previously known as OKEx, is a dynamic global trading platform that excels in offering a wide array of trading products including futures, options, and spot trading with strong liquidity.

OKX features advanced trading options and DeFi services, allowing users to engage in staking and farming. The platform supports over 400 cryptocurrencies, making it a top choice for access to emerging and established tokens.

OKX prioritizes user security with a comprehensive system including SSL encryption, cold storage for the majority of assets, and mandatory 2FA for transactions. Their security team actively monitors operations to prevent unauthorized access.

OKX employs a tiered fee structure that rewards high-volume traders with lower fees. Fees are competitive within the industry, with maker and taker fees decreasing as trading volume increases.

The platform is designed to cater both novice and experienced traders with a user-friendly interface and a customizable dashboard, enhancing trading efficiency and experience.

OKX supports numerous payment options, including bank transfers, credit cards, and leading cryptocurrencies, providing versatility and ease for both deposits and withdrawals.

OKX offers a comprehensive mobile app, enabling full trading functionality and account management on-the-go.

Pros: Extensive crypto options, robust security.

Cons: Complex for beginners.

OKX provides customer support through live chat, email, and social media, ensuring prompt assistance and a resourceful help center for user inquiries.

Binance Logo
4/5

TIC Score 4/5

Binance - Unmatched for its trading volume and liquidity, ideal for UK traders

Binance dominates the global exchange space, offering unparalleled trading volume and a comprehensive suite of financial services, including crypto trading, staking, savings, and more, catering to both novice and experienced traders.

Renowned for its robust trading platform, Babinet offers advanced charting tools, a vast array of trading pairs, and high liquidity. It also includes innovative offerings like Binance Smart Chain for decentralized app development.

Binance employs an industry-leading security framework which includes two-factor authentication (2FA), AI-driven real-time monitoring, and cold storage of the majority of assets to ensure maximum security of user funds and data.

Binance is known for its low trading fees, starting from 0.1% per trade, with further reductions available through the use of Binance Coin (BNB) and high trading volume discounts.

While feature-rich, Binance maintains a relatively user-friendly interface suitable for beginners, with detailed tutorials and a learning hub to assist new users in navigating its extensive functionalities.

Binance supports a wide range of payment methods, including bank transfers, credit cards, and third-party payment gateways like PayPal, catering to diverse user preferences.

Binance’s mobile app provides comprehensive functionality, enabling trading, fund management, and access to wallet services directly from your smartphone.

Pros: Extensive features, low fees.

Cons: Can be overwhelming for beginners.

Binance provides robust customer support through 24/7 live chat, email, and an extensive FAQ section. They are known for their relatively prompt and helpful responses.

coinbase logo in blue
4.4/5

Coinbase - The go-to exchange in the UK for beginners

Coinbase is a leading cryptocurrency exchange known for its strong regulatory compliance and user-friendly interface, making it a preferred choice for beginners and seasoned traders alike in the UK.

Coinbase offers a straightforward trading experience with features such as recurring buys, a secure wallet, and a user-friendly app. It supports a wide array of cryptocurrencies and continuously adds new assets.

With a focus on security, Coinbase stores 98% of customer funds in offline cold storage and employs industry-standard security measures including two-factor authentication and biometric fingerprint logins to protect accounts.

Coinbase charges a fee structure that includes a flat rate or a percentage of the transaction, depending on the trade size and method, making it important for users to understand their fee schedule.

Known for its ease of use, Coinbase provides a clean and intuitive interface that simplifies the crypto buying and selling process, ideal for newcomers to cryptocurrency.

Coinbase supports a variety of payment methods including bank transfers, debit cards, and PayPal for UK users, ensuring convenient deposit and withdrawal options.

The Coinbase mobile app is comprehensive, offering full trading capabilities and secure access to accounts anywhere.

Pros: Highly secure, beginner-friendly.

Cons: Higher fees compared to some peers.

Coinbase offers customer support through email, phone, and a detailed help center, though response times can vary, which might be a concern for some users.

Kraken logo
4.4/5

Kraken - Renowned for offering some of the lowest fees

Kraken is revered for its security and low fee structure, making it a top choice among both beginner and advanced traders. It’s known for its wide range of available cryptocurrencies and comprehensive trading features.

Kraken offers advanced trading options like futures and margin trading, along with robust trading tools for technical analysis. The platform supports a broad spectrum of cryptocurrencies, providing extensive trading opportunities for its users.

Security is paramount at Kraken, with 95% of deposits held in cold storage, stringent verification procedures, and state-of-the-art security measures to protect user data and funds from unauthorized access.

Kraken’s fee schedule is competitive, offering some of the lowest trading fees in the industry. Fees vary based on 30-day trading volume and are lower for “makers” than “takers.”

The platform is well-organized, making it accessible to new traders, while still offering the advanced features that experienced traders require. Kraken also provides extensive educational resources to help users navigate the crypto market.

Kraken supports a variety of payment methods including bank transfers, SWIFT, SEPA, and cryptocurrencies, ensuring that UK users have multiple options for funding their accounts.

Kraken’s mobile app is robust and user-friendly, offering full trading functionality on the go

Pros: High security, low fees.

Cons: Can be complex for new users.

Kraken provides customer support through live chat, email, and a detailed help center, ensuring that users receive timely and effective assistance when needed.

BYBIT LOGO
4/5

Bybit - The top choice for derivatives trading

Bybit is a rapidly growing cryptocurrency derivatives exchange known for its advanced trading platform, which supports perpetual and futures contracts with high leverage options, attracting both professional and retail traders.

Bybit is distinguished by its focus on derivatives trading, offering leverage up to 100x on some contracts. The platform features real-time trading, a highly responsive interface, and tools designed for risk management and strategic trading.

Bybit prioritizes security with a robust framework, including SSL encryption, multi-factor authentication, and cold storage of assets. It operates a real-time monitoring system to ensure platform integrity and protect user funds.

Bybit offers a straightforward fee structure, with competitive trading fees for makers and takers. It also maintains transparency about any withdrawal fees to avoid any hidden charges.

The exchange catifies a range of traders with its user-friendly interface and easy navigation, although its focus on derivatives might require some initial learning for new users.

Bybit allows deposits in multiple cryptocurrencies but does not support fiat currency transactions, which might limit some users who prefer traditional banking methods.

Bybit’s mobile app offers full trading functionality, including all desktop features, for trading on the go.

Pros: Excellent for derivatives, strong security.

Cons: No fiat transactions

Bybit provides 24/7 customer support through live chat and email, ensuring timely assistance. The platform also offers comprehensive educational resources to aid users.

Coin Jar Logo
4.1/5

CoinJar - Simplifies crypto transactions, making it accessible for UK residents

Established in 2013, CoinJar is one of the UK’s longest-standing crypto exchanges, offering a straightforward and secure platform for buying, selling, and managing digital assets with a strong focus on user experience.

CoinJar features a clean, intuitive interface suitable for both beginners and experienced traders. It supports direct fiat-to-crypto transactions and offers a unique CoinJar Card that integrates with Apple Pay and Google Pay.

CoinJar maintains high security standards with data encryption, multi-factor authentication, and biometric login features. It also implements best practices in security, including regular security audits and cold storage of customer assets to ensure comprehensive protection.

CoinJar’s fee structure includes a 1% fee for instant buys and a tiered trading fee model for market participants, making it competitive within the marketplace while providing transparent pricing.

The platform is known for its user-friendliness, offering seamless navigation and a hassle-free account setup process. CoinJar also provides educational resources to help users understand crypto trading basics.

CoinJar supports multiple payment methods including credit/debit cards, bank transfers, and Faster Payments Service, facilitating easy deposits and withdrawals for UK users.

The CoinJar mobile app replicates the desktop experience, allowing full trading and account management capabilities on the go.

Pros: User-friendly, innovative features.

Cons: Limited advanced trading tools.

CoinJar provides dedicated support through email and a comprehensive FAQ section. While it does not offer live chat, response times are generally prompt and helpful.

bitpanda logo
3.9/5

Bitpanda - Provides easy access to cryptocurrencies, metals, and savings products

Bitpanda serves as a comprehensive digital asset platform based in Austria, offering a wide array of services including cryptocurrency trading, precious metals, and various investment options tailored for both beginners and experienced traders.

Bitpanda distinguishes itself with a multi-asset approach, allowing users to invest in cryptocurrencies, stocks, ETFs, and metals from a single account. Its features include automated investment plans and a personal finance app, Bitpanda Pro, for advanced trading.

Bitpanda prioritizes security with state-of-the-art technology including SSL encryption, two-factor authentication (2FA), and cold storage solutions to ensure the safety of user assets and personal information. Regular external security audits reinforce its commitment to safety.

Bitpanda’s fee structure is straightforward, incorporating trading fees that are competitive within the market, although somewhat higher for small amounts. Fees decrease with higher volumes, benefiting active traders.

The platform is designed with user-friendliness in mind, featuring an intuitive interface suitable for beginners, and providing access to comprehensive educational resources to help users navigate the complexities of digital asset investing.

Bitpanda supports a broad range of payment options including credit/debit cards, bank transfers, and leading e-wallets like Skrill and NETELLER, enhancing convenience for UK users.

Bitpanda’s mobile app is fully featured, offering users the ability to manage investments and execute trades seamlessly.

 

Pros: Wide asset variety, user-friendly.

Cons: Fees can be high.

Bitpanda offers robust customer support through live chat, email, and a detailed help center, ensuring users receive comprehensive assistance with their inquiries and issues.

FAQs

The best crypto exchange for beginners is widely regarded as Coinbase, thanks to its user-friendly interface, extensive educational resources, and robust security measures. It provides an easy entry point for those new to cryptocurrency trading, ensuring a smooth learning curve.

To find a crypto exchange in the UK offering a wide range of crypto assets, consider platforms like Binance or MEXC. These exchanges are known for their extensive selection of cryptocurrencies, catering to both novice and experienced traders looking for diversity in their investments.

Yes, there are decentralised exchanges (DEXs) available to UK users, offering an alternative to centralised platforms by enabling direct peer-to-peer transactions without the need google pay for an intermediary. Popular DEXs include Uniswap and SushiSwap, which support a variety of crypto assets but often you cannot fund your account via bank transfers!

When searching for crypto trading platforms regulated in the UK, prioritize those that comply with local financial regulations, offer robust security measures, provide transparent fee structures, and support a wide range of cryptocurrencies. Regulated platforms like eToro and Coinbase ensure a safer trading environment for UK investors.

To ensure your digital assets are safe with crypto exchanges, choose platforms that implement strong security protocols such as two-factor authentication (2FA), cold storage for the majority of funds, and regular security audits. Additionally, consider exchanges that offer insurance policies or are part of the Financial Services Compensation Scheme (FSCS) for added protection.

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Our #1 Recommended Crypto Exchange Platform in the UK

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

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