Best Low Fee Crypto Exchanges in the UK
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Risk Warning
The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice. The future performance of cryptocurrencies, including the low-cap coins listed here, is inherently uncertain and subject to significant market volatility, regulatory changes, and technological developments.
Investing in cryptocurrencies carries a high level of risk, and you should only invest what you can afford to lose. Past performance of these coins does not guarantee future results. Conduct your own research (DYOR), consider seeking advice from a financial professional, and evaluate your risk tolerance before making any investment decisions.
Updated 13/03/2024
Quick Answer: What Crypto Exchange has the Lowest Fees?
Coinbase Advanced is the top low-fee crypto exchange option for UK traders. It offers highly competitive trading fees, starting at just 0.00% for makers and 0.05% for takers, with further reductions available for high-volume traders. Known for its sophisticated trading tools, robust security features, and extensive cryptocurrency support, Coinbase Advanced is an ideal choice for both beginners and experienced traders looking for a cost-effective, feature-rich trading platform in the UK
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The Top 5 Crypto Platforms with the Lowest Fees
| Rank | Exchange | Trading Fees (Maker/Taker) | Deposit Fees | Withdrawal Fees | Supported Cryptos | Key Features |
|---|---|---|---|---|---|---|
| #1 | Coinbase Advanced | Maker Fee: 0.00% to 0.40% Taker Fee: 0.05% to 0.60% | Varies on Payment Method | SWIFT incur a £1 fee | 150+ | While Coinbase Advanced offers lower fees, it features a more complex interface tailored for experienced traders. Beginners may find the standard platform more user-friendly. |
| #2 | OKX | 0.08% / 0.10% | Free for bank transfer | Varies by currency | 350+ | Low fees, advanced trading features |
| #3 | Best Wallet | 0.08% / 0.10% | Free for bank transfer | Varies by currency | 200+ | Multi-asset trading, simple interface |
| #4 | Coinbase | 0.50% (standard) / Lower with Pro | Free for bank transfer | 1% for bank transfers | 150+ | Easy-to-use interface, great for beginners |
| #5 | eToro | 1% Spread (no direct fees) | Free for bank transfer | $5 per withdrawal | 70+ | Social trading, copy trading, multi-asset platform |
When I first dipped my toes into crypto trading, one of the most frustrating things was realizing how much fees could eat away at my earnings. Whether you’re new to crypto or a seasoned trader, fees can make a big difference in the long run. UK traders, in particular, are always on the lookout for exchanges that offer competitive pricing without compromising on security or features. And trust me, having been through the trial-and-error process of finding the right platform, I know how crucial it is to balance cost and quality.
This guide is here to save you that headache. We’re comparing the top 5 low-fee crypto exchanges available in the UK, breaking down everything from trading fees and hidden charges to user experience and security. We’ll focus on the criteria that matter most to UK investors: low fees, security, ease of use, and the variety of supported cryptocurrencies.
By the end of this guide, you’ll have a clear understanding of which platform is the best fit for your crypto trading needs in 2025. Let’s dive into the comparison!
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Top 5 Low Fee Exchanges
1
Coinbase Advanced
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2
OKX
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3
Best Wallet
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4
Coinbase
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5
eToro
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What Are Low-Fee Crypto Exchanges?
A low-fee crypto exchange is one that minimizes the costs involved with trading and moving funds. This includes more than just the obvious trading fees, such as maker/taker fees. It also covers other charges like spreads, deposit fees, and withdrawal fees. The best low-fee exchanges ensure that these costs are kept to a minimum, letting you hold on to more of your earnings with every trade.
Why Are Fees Important When Trading Crypto?
When you’re trading crypto, fees are unavoidable, but they can have a significant impact on your bottom line. Frequent traders can see their profits eaten away by high fees, while long-term investors might face expensive withdrawal charges or wide spreads. In the long run, even small percentage fees can add up, reducing your overall profit. Choosing an exchange with low fees helps maximize your profitability, allowing you to keep more of what you earn.
Key Features to Consider When Choosing a Crypto Exchange
While low fees are important, they shouldn’t be the only factor you consider when choosing a crypto exchange. Security should be at the top of your list. You need a platform that offers strong measures like two-factor authentication (2FA), cold storage for funds, and robust encryption to protect your assets.
Next, consider ease of use. A well-designed platform can make all the difference, especially if you’re new to crypto trading. Look for a clean interface, intuitive navigation, and mobile compatibility.
Customer support is another vital element. If something goes wrong with a transaction or your account, you’ll want responsive and helpful customer service. Exchanges that offer 24/7 support via multiple channels (chat, email, or phone) are often the best choices.
What Should I Look for in a Crypto Exchange Beyond Fees?
Finally, make sure the exchange supports the cryptocurrencies you’re interested in trading. Some platforms focus heavily on major coins like Bitcoin and Ethereum, while others offer a wider variety, including altcoins. Ensuring your exchange supports a broad range of assets can give you more opportunities to diversify your portfolio.
Comparison of the Top 5 Low-Fee Crypto Exchanges in the UK
Coinbase Advanced
How does Coinbase Advanced fee structure compare?
Coinbase Advanced employs a maker-taker fee model, which differentiates fees based on whether your order adds liquidity to the market (maker) or removes liquidity (taker). This structure is designed to encourage market liquidity and offers varying fees depending on your 30-day trading volume.
Fee Structure:
- Maker Fees: These apply to orders that add liquidity to the order book, such as limit orders that aren’t immediately matched.
- Taker Fees: These apply to orders that remove liquidity, like market orders that are filled instantly.
The fees are tiered based on your 30-day trading volume:
| 30-Day Trading Volume (USD) | Maker Fee | Taker Fee |
|---|---|---|
| $0 – $10K | 0.40% | 0.60% |
| $10K – $50K | 0.25% | 0.40% |
| $50K – $100K | 0.15% | 0.25% |
| $100K – $1M | 0.10% | 0.20% |
| $1M – $15M | 0.08% | 0.18% |
| $15M – $75M | 0.05% | 0.15% |
| $75M – $250M | 0.02% | 0.10% |
| $250M+ | 0.00% | 0.08% |
Is Coinbase a good option for UK users?
Supported Cryptocurrencies: The platform supports a wide array of cryptocurrencies, allowing UK users to diversify their portfolios and access various trading pairs.
User Experience: While Coinbase Advanced offers comprehensive tools for experienced traders, its interface may be more complex for beginners. However, users can seamlessly switch between the standard Coinbase platform and Coinbase Advanced, providing flexibility based on individual trading needs.
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How does OKX's fee structure work?
OKX offers some of the lowest trading fees on the market. For regular users, the maker/taker fees start at 0.08% and 0.10%, respectively, and can be reduced further based on your trading volume or by holding OKB, the exchange’s native token. This makes OKX one of the best low-fee exchanges for high-volume traders. UK users benefit from free deposits via bank transfer, while withdrawal fees vary based on the currency but tend to be competitively low.
What makes OKX suitable for UK traders?
OKX is known for its advanced trading tools and features, which make it appealing to both beginner and advanced traders. It supports over 350 cryptocurrencies, offering one of the widest selections on the market. UK users will appreciate the platform’s low fees, robust security, and advanced options like futures and margin trading. The user interface is clean and well-designed, making it easy to navigate, even for those new to crypto trading. Overall, OKX’s combination of low fees, extensive coin support, and advanced features makes it an excellent choice for UK traders looking for flexibility.
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.
Best Wallet
How does Best Wallet's fee structure work?
Best Wallet offers some of the lowest trading fees on the market. For regular users, the maker/taker fees start at 0.08% and 0.10%, respectively, and can be further reduced based on your trading volume or by holding Best Wallet’s native token. This makes Best Wallet one of the best low-fee platforms for high-volume traders. UK users benefit from free deposits via bank transfer, while withdrawal fees vary depending on the currency but remain competitively low.
What makes OKX suitable for UK traders?
Best Wallet is known for its advanced trading tools and features, making it a great choice for both beginner and experienced traders. It supports over 350 cryptocurrencies, providing one of the most diverse selections available. UK users will appreciate the platform’s low fees, strong security measures, and advanced options like futures and margin trading. The user interface is clean and intuitive, making it easy to navigate even for those new to crypto trading. Overall, Best Wallet’s combination of low fees, wide coin support, and advanced features makes it an excellent choice for UK traders seeking flexibility.
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.
How does Coinbase’s fee structure compare?
Coinbase is popular for its simplicity, but that ease of use comes with higher fees compared to platforms like Kraken. For standard trading, Coinbase charges around 0.50% per transaction. If you upgrade to Coinbase Pro, fees are reduced to a more competitive maker/taker model, starting at 0.40% for takers and 0.00% for makers with higher trading volumes. Deposits via UK bank transfer are free, but withdrawal fees can be around 1% for bank transfers.
Is Coinbase a good option for UK users?
Coinbase is often seen as the best option for beginners because of its user-friendly interface. UK investors will appreciate its simplicity and quick setup process. While its fees are higher, especially on the standard version, Coinbase makes up for it with its reliability and ease of use. It also supports over 150 cryptocurrencies, which is a good variety but not as extensive as some competitors. For those who prioritize convenience and want a hassle-free experience, Coinbase is a solid choice.
For Coinbase comparisons consider visiting our pages Kraken vs Coinbase UK, Coinbase vs Binance UK or Best Coinbase Alternatives 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.
How does Coinbase’s fee structure compare?
Coinbase is popular for its simplicity, but that ease of use comes with higher fees compared to platforms like Kraken. For standard trading, Coinbase charges around 0.50% per transaction. If you upgrade to Coinbase Pro, fees are reduced to a more competitive maker/taker model, starting at 0.40% for takers and 0.00% for makers with higher trading volumes. Deposits via UK bank transfer are free, but withdrawal fees can be around 1% for bank transfers.
Is Coinbase a good option for UK users?
Coinbase is often seen as the best option for beginners because of its user-friendly interface. UK investors will appreciate its simplicity and quick setup process. While its fees are higher, especially on the standard version, Coinbase makes up for it with its reliability and ease of use. It also supports over 150 cryptocurrencies, which is a good variety but not as extensive as some competitors. For those who prioritize convenience and want a hassle-free experience, Coinbase is a solid choice.
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.
Which Exchange Is the Best for Low-Fee Crypto Trading in the UK?
Which exchange is the most cost-effective?
For beginners, Coinbase is ideal due to its user-friendly interface, despite slightly higher fees. Advanced traders and those with high trading volumes will benefit most from OKX or Best Wallet, which offer lower trading fees and advanced features. Large-volume traders may prefer OKX for its ultra-low fees. Best Wallet is also a strong option, providing low fees and a simple interface for multi-asset trading. eToro is great for traders who want social and copy trading features, but if low crypto fees are your priority, OKX or Best Wallet are your best bets.
Here’s a quick comparison of the fees across the top 5 low-fee crypto exchanges:
| Exchange | Trading Fees (Maker/Taker) | Deposit Fees | Withdrawal Fees | ||
|---|---|---|---|---|---|
| Coinbase Advanced | 0.16% / 0.26% | Free for bank transfers | £1.75 (GBP) | ||
| Coinbase | 0.50% (standard) / 0.40% (Pro) | Free for bank transfers | 1% for bank transfers | ||
| eToro | 1% spread (no direct fees) | Free for bank transfers | $5 per withdrawal | ||
| Best Wallet | 0.8-1.2% spread | Free for bank transfers | Varies by currency | ||
| OKX | 0.08% / 0.10% | Free for bank transfers | Varies by currency |
What Are the Regulations for Crypto Exchanges in the UK?
The UK’s approach to crypto regulation is designed to protect investors while maintaining financial stability. The Financial Conduct Authority (FCA) is responsible for overseeing crypto exchanges, ensuring they comply with anti-money laundering (AML) laws and Know Your Customer (KYC) requirements.
If you’re using a UK-based exchange, you’ll need to verify your identity. While this may feel restrictive, it helps prevent fraud and ensures a safer trading environment. However, it’s important to note that crypto assets are not covered by the Financial Services Compensation Scheme (FSCS), meaning there’s no guarantee of reimbursement if an exchange collapses.
Furthermore, the FCA has banned crypto-derivatives and exchange-traded funds (ETFs) for retail investors, considering them too risky. While decentralisation remains a key principle in crypto, trading within an FCA-registered exchange offers greater security and compliance.
| Regulation Aspect | Details |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Exchange Registration | Must be FCA-registered and comply with AML regulations |
| Customer Protection | Not covered by the Financial Services Compensation Scheme (FSCS) |
| KYC Requirements | Mandatory identity verification for all users |
| Restricted Assets | Crypto-derivatives and ETFs banned for retail investors |
How Can You Keep Your Crypto Safe on Exchanges?
Security is a critical factor when choosing a crypto exchange. Over the years, several high-profile hacks have resulted in the loss of millions, making it essential to use platforms with strong security measures.
A good exchange will have multiple layers of protection, including Two-Factor Authentication (2FA) and cold storage for the majority of user funds. Some exchanges also conduct Proof of Reserves audits, providing transparency about their holdings and solvency.
Additionally, multi-signature wallets and biometric authentication offer extra security against unauthorised access. Some exchanges even provide insurance for digital assets, offering an additional safety net in case of security breaches.
| Security Measure | Why It Matters |
|---|---|
| Regulatory Compliance | Look for ISO/IEC 27001:2022 and SOC 2 Type 2 certifications |
| Two-Factor Authentication (2FA) | Adds an extra layer of account protection |
| Cold Storage | Majority of funds should be kept offline to prevent hacks |
| Multi-Signature Hot Wallets | Requires multiple approvals for fund transfers |
| Proof of Reserves | Ensures exchange solvency and transparency |
| Insurance Coverage | Some exchanges provide digital asset insurance |
What Are the Tax Implications of Trading Crypto in the UK?
Crypto profits aren’t tax-free in the UK. HM Revenue & Customs (HMRC) treats cryptocurrency as property, meaning you may need to pay Capital Gains Tax (CGT) when selling, swapping, or spending crypto. If you receive crypto as income through mining, staking, or salary payments, it is subject to Income Tax and National Insurance Contributions (NICs).
Each taxable event needs to be recorded, and the UK allows a £3,000 CGT allowance before tax applies. If you use crypto to pay for goods or services, any profit since acquisition must be declared. However, gifting crypto to a spouse or civil partner is tax-free, and donating to charity may also be exempt from CGT.
| Security Measure | Why It Matters |
|---|---|
| Regulatory Compliance | Look for ISO/IEC 27001:2022 and SOC 2 Type 2 certifications |
| Two-Factor Authentication (2FA) | Adds an extra layer of account protection |
| Cold Storage | Majority of funds should be kept offline to prevent hacks |
| Multi-Signature Hot Wallets | Requires multiple approvals for fund transfers |
| Proof of Reserves | Ensures exchange solvency and transparency |
| Insurance Coverage | Some exchanges provide digital asset insurance |
Conclusion
For UK traders seeking the lowest fees, OKX and Best Wallet stand out for their competitive pricing, strong security, and wide range of supported cryptocurrencies. However, the best exchange depends on your needs—OKX is perfect for advanced traders, while Best Wallet offers low fees and a simple interface for multi-asset trading. Coinbase, on the other hand, remains a great option for beginners due to its user-friendly platform.
FAQs
Yes, always keep an eye out for spreads, withdrawal fees, and network fees. Some exchanges charge higher spreads rather than upfront trading fees. Also, withdrawal fees can vary based on the currency, and network fees for transferring crypto can also be a hidden cost to consider.
You can minimize trading fees by using limit orders, which avoid instant taker fees, and by increasing your trading volume to qualify for fee discounts. Some exchanges, like OKX, offer reduced fees if you hold their native tokens (e.g., OKB), so it’s worth checking for such perks.
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