Best Crypto Exchange UK 2021

To find the regulated and best cryptocurrency exchange for the UK largely depends on the requirements and the digital assets the user plans to trade. Several UK exchanges support cryptocurrencies like Bitcoin, Ethereum, and lesser-known cryptocurrencies to trade through their exchange. To choose the best cryptocurrency exchanges, the user should determine which one best suits their needs and compare features like fees, pros, and cons, of each exchange.

Best Crypto Exchange UK: List

We have reviewed and offered a list of top and the best crypto exchanges in the UK. Even though few cryptocurrency exchanges are not located in the UK, they provide top-class services to their customers in the UK. So go through the information below to know the details of the best crypto exchanges for the UK:-

1. StormGain

  • StormGain is one of the leading cryptocurrency trading investing platforms that offer cutting-edge features and the latest trading tools. It provides an advanced and very user-friendly platform that permits users to buy BTC using stablecoins and cryptocurrencies. 
  • This helps the users to leverage the volatility of the crypto markets. StormGain offers a leverage of up to 200X, and the traders can buy, hold the cryptocurrencies. 
  • Also, they can purchase cryptocurrencies using fiat money that can be stored in the StormGain exchange wallet.  

StormGain - Leading & Best UK Crypto ExchangeStormGain – Leading & Best UK Crypto Exchange

Pros and Cons of StormGain Exchange

Pros Cons
StormGain offers a demo account. Trading accounts can be funded only with cryptocurrencies.
Low trading fees and faster trade execution. This platform is not regulated.
This platform delivers trading signals throughout the day regularly. Withdrawals can be made only with cryptocurrencies.
24/7 customer support.
Offers high leverage of up to 200x.

Download StormGain App & ExploreDownload StormGain App & Explore

StormGain Exchange Fees

Fees vary based on the cryptocurrency pairs traded, and it ranges from 0.15% to 0.5% for each position. The withdrawal fees are 0.1% flat irrespective of cryptocurrency, and a minimum withdrawal amount is needed for every crypto. 

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2. Coinfloor

Coinfloor was established in 2013, and it is one of the oldest and best UK-based crypto exchanges. Users can buy Bitcoin and other cryptocurrencies with this exchange, and it offers GBP to Bitcoin exchange services for United Kingdom customers. Its most notable feature is the Auto-buy Bitcoin tool that automatically helps users deposit funds if they want to execute recurring orders. Also, users can deposit four fiat assets like GBP, USD, PLN, and EUR. Coinfloor supported payment methods are bank transfers, debit cards, faster payments, SEPA, and wire transfers.

Coinfloor - Best Crypto Exchange for UKCoinfloor – Best Crypto Exchange for UK

Pros and Cons of Coinfloor Exchange

Pros Cons
Coinfloor provides a user-friendly platform. Customer support needs improvement.
This exchange supports four types of fiat currencies.
A reputable cryptocurrency exchange.
Charges reasonable fees.
Supports SEPA and swift transfer.

Coinfloor Exchange Fees

Coinfloor does not charge fees for storing Bitcoin in their secure vaults; also, registering an account is free. When the trader places to trade with Coinfloor, it charges Maker and Taker fees. It also charges a variable trading fee that depends on the trading volume; if the user is trading less than 500,000 GBP/EUR/USD per month, then they need to pay a trading fee of 0.30%; between 500,000 – 1,000,000 they should pay 20% and more than 1,000,000, should pay 10% trading fees.

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3. Wirex

  • Wirex is an innovative application and Wirex payment card that permits the users to send, exchange, receive and spend a wide range of digital and fiat currencies through the exchange platform. 
  • The users can make payments through the Wirex app and payment card, supporting crypto and fiat currencies. It allows the users to store various types of currencies, exchange, and trade crypto. 
  • The trader can use the services of the card for their shopping needs too. Simply put, Wirex offers its users an array of services where the users can use both fiat and cryptocurrencies.

Wirex - A Platform for Buy, Sell, Exchange & Spend CryptoWirex – A Platform for Buy, Sell, Exchange & Spend Crypto

Pros and Cons of Wirex Exchange

Pros Cons
Wirex is a cryptocurrency exchange and offers wallet functionality. Supports a limited number of cryptocurrencies.
Charges reasonable fees. Wirex does not support US customers.
Provides crypto debit card and Bitcoin cashback through their crypto back rewards.
24×7 customer support.

Wirex Exchange Fees

If the trader uses their Wirex Bitcoin buying services, they should pay 1.5% to 2.5%, depending upon certain factors. Wirex Bitcoin and cryptocurrency fees are charged around 1%. 

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4. Binance

  • Binance is one of the biggest and best bitcoin exchanges and has branches globally. It services its customers in the UK and provides several cryptocurrencies. Binance fees are reasonable; it is a fiat-to-crypto trading platform. 
  • One of the most popular cryptocurrency exchanges and successful global platforms provides good security, lower fees, a wide range of cryptocurrencies, dedicated customer support, and faster transactions. 
  • The exchange rates are reasonable, and they provide several payment options to fund the user account like wire transfer, bank account transfer, and credit or debit card.

Binance - Best UK Crypto ExchangeBinance – Best UK Crypto Exchange

Pros and Cons of Binance Exchange

Pros Cons
Binance offers a wide range of cryptocurrencies and adds new cryptocurrencies every time, and it is the best platform for high-volume traders. The platform does not offer daily market analysis.
It offers high liquidity overall trading pairs. Binance does not support traditional payment methods.
Binance provides responsive and dedicated customer service. New crypto traders might find this platform a bit overwhelming.
This platform offers a higher leverage position for experienced traders up to 125x.
Customers of Binance are offered a discount on trading fees when they use BNB (Binance Coin).

Benefits of Using Binance ExchangeBenefits of Using Binance Exchange

Binance Exchange Fees

Binance charges a maker fee of 0.1% and a taker fee of 0.1%. It does not charge any deposit or withdrawal fees if the transaction is carried out in GBP and EUR.

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5. EXMO

  • EXMO is a cryptocurrency platform that allows the trading of cryptocurrencies and the online exchange of cryptocurrencies. It will enable the exchange of fiat currencies for Bitcoin on their platform, and the user can exchange Bitcoin for USD and vice versa. 
  • This cryptocurrency exchange is based in Estonia. EXMO is ideal for several users looking for a crypto trading exchange, thereby offering a simple and easy-to-use interface. 
  • Both new and advanced traders prefer this exchange, and it has several fiat currencies other than GBP and EUR.

EXMO - Best UK Crypto ExchangeEXMO – Best UK Crypto Exchange

Pros and Cons of EXMO Exchange

Pros Cons
EXMO is the best UK crypto exchange. EXMO lacks sufficient liquidity over a few trading pairs.
This platform is best for new traders. This platform does not offer a live chat option on its website.
Fees are relatively lower and transparent.
It offers several fiat deposits for United Kingdom users.

EXMO Exchange Fees

EXMO charges a maker fee of 0.05% and a taker fee of 0.05%. For Visa and MasterCard, it charges 2.99% plus 0.3 EUR. 

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6. eToro

Etoro is one of the most reputed and global financial brokerages that offer trading and investment platforms to trade markets like Crypto, ETFs, commodities, indices, and Forex. This platform is used by millions of investors globally that also includes UK customers. eToro offers a wide variety of crypto-to-fiat currency pairs like  XRP/EUR, BTC/USD using market orders. This platform is suited for new traders who would like to do cryptocurrency trading through their user-friendly crypto trading platforms. 

eToro - Advanced Cryptocurrency Exchange UKeToro – Advanced Cryptocurrency Exchange UK

Pros and Cons of eToro Exchange

Pros Cons
eToro offers copy trading. Offers wider spreads on specific digital currency.
Order positions can be placed through the market and limit orders. Has limited cryptocurrencies.
Users are offered margin trading, and they can use leverage to trade long/short positions. It is difficult to determine the trading cost and has no specific fee structure.

Explore Variety of Cryptos at eToroExplore Variety of Cryptos at eToro

eToro Exchange Fees

Fees start from 0.75%, and long positions are charged additional fees. This platform charges 0% commission on stocks; Withdrawals are charged low fees of $5, and for non-USD deposits and withdrawals, FX rates are applied.

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7. PrimeXBT

  • One of the leading and best Bitcoin exchange that provide CFDs and cryptocurrencies for trading is PrimeXBT. This company was established in Seychelles in 2018. 
  • Within a short time, XBT has grown exponentially and has clients in more than 150 countries. This platform is loaded with several trading tools that can be used by both new and intermediate-level traders. 
  • This exchange has industry-standard security measures on its platform to protect its user funds and their trading activities from cyber attacks. Further, it offers customer support 24×7 and ensures the best customer support to its traders.

PrimeXBT - Best Bitcoin Exchange of UKPrimeXBT – Best Bitcoin Exchange of UK

Pros and Cons of PrimeXBT Exchange

Pros Cons
Competitive fees and trading conditions. Does not offer a demo account.
The user need not undergo KYC and account verification process. This platform does not service clients from the USA, Canada, and other regions because of its strict regulations.
Offers 100% anonymous accounts.
Superfast trade execution through superior technology.
Offers 1:100 leverage for crypto assets.
This platform is well suited for new and intermediate level traders.

PrimeXBT Exchange Fees

The trading fee for Indices, forex, and commodities are 0.01% to 0.05% for cryptocurrencies. These trading fees are applied irrespective of the type of trade executed. Although to know the full fees schedule of PrimeXBT it’s advised to check this link.

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8. Revolut

  • Revolut is a payment card and a banking app used as an alternative for traditional banking products. It is designed to fit people having a global lifestyle and those who would like to have the flexibility that cannot be received from regular banks. 
  • Revolut was established in 2015 as a travel card providing cheap exchange rates; currently, it is becoming a bank. Revolut is one of the fastest-growing digital banks, and it offers a wide range of features, and it is best for users who travel often. 
  • The main goal of Revolut is to adapt to the client’s needs, thereby offering them control. They offer accounts for businesses as well as for customers. Further, it provides global spending, allows international money transfers, and does not charge any hidden fees.

Revolut - UK’s Fastest Growing Financial AppRevolut – UK’s Fastest Growing Financial App

Pros and Cons of Revolut Exchange

Pros Cons
Easy to top up, and it supports several currencies. Due to security reasons, customer accounts can be temporarily frozen.
Provide additional features like disposable virtual cards and crypto trading. It holds a banking license, and there are no current accounts.
Premium subscription plans along with perks like travel insurance. Customer support needs to be improved.

Revolut Exchange Fees

If the user opts for a free plan, then the platform charges €5.99/£4.99 for the first physical card to be delivered. Withdrawal from any ATM is free of charge for up to €200/£200 per month and charges 2 percent after that.

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9. Bitpanda

  • Launched in 2014, Bitpanda caters mainly to the European market that includes UK customers. They provide an array of services, and the exchange is a one-stop solution for traders who want to access the cryptocurrency market. 
  • Bitpanda is a well-known online cryptocurrency exchange that specializes in buying, selling, and trading cryptocurrencies. Bitpanda is an automated platform and works efficiently for processing and confirming payments within a short time. 
  • This broker is a trusted exchange in the cryptocurrency space and has won the startup award in 2016 October as the best fintech startup.

Bitpanda - Best Cryptocurrency Exchange in UKBitpanda – Best Cryptocurrency Exchange in UK

Pros and Cons of Bitpanda Exchange

Pros Cons
Bitpanda offers a reliable, fast, and easy to use platform. This platform does not provide a live chat option on its website.
This platform has the latest security standards in place to protect its users. This platform does not provide a live chat option on its website
Transaction fees are not stated clearly.
The customer service team of Bitpanda is highly responsive.
Customers of Bitpanda can invest in some of the precious metals like gold and silver.

Bitpanda Exchange Fees

Bitpanda charges 1.49% for buying and selling cryptocurrency; Further, the maker fee is 0.1%, and the taker fee is 0.15%. 

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10. Safello

  • Safello is one of the well-known Swedish best Bitcoin exchanges that provide buying and selling Bitcoin using fiat money. Currently, this platform operates in 32 European countries. 
  • If the user is from EEA or the United Kingdom, they can trade cryptocurrency on this platform. This implies that Asian, South/North American, or African investors cannot trade on this platform. 
  • Safello promotes important features through their platform like the fees are transparent, the transactions are instant, and security is their main priority.

Safello - Swedish Best Bitcoin ExchangeSafello – Swedish Best Bitcoin Exchange

Pros and Cons of Safello Exchange

Pros Cons
Safello is one of the safest and fastest ways to trade in the exchanges in the UK crypto market. This platform charges higher fees when compared with other exchanges. 
Safello is a trustworthy and well-known brand.
It offers an excellent user interface.

Safello Exchange Fees

The withdrawal fee charged by the platform is 0.008 BTC, and if the user withdraws BTC, Safello charges 0.005 BTC per withdrawal. 

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How to Choose the Best Crypto Exchange?

Finding a good UK cryptocurrency exchange might be a bit difficult for a beginner in the crypto domain. Here are a few pointers about how to choose the best crypto exchange:-

  • The user should check whether the platform is easy to use and beginner-friendly. They should also look for a bitcoin exchange supported by the UK that allows easy and quick GBP deposits for trading. Also, the users should check whether they offer a mobile app to buy, sell cryptocurrency, and trade Bitcoin at any time during the day.
  • The next step is to check whether the UK exchange is regulated or not. It is imperative to check whether the platform is trusted and has any negative reviews. Also, the exchange should be held and comply with UK laws. Further, the cryptocurrency exchanges regulated and certified by FCA (The Financial Conduct Authority) are trustworthy, and it is considered a safe place for buying digital currencies.
  • It is always best to check all the supported cryptocurrencies the exchange offers.  There are several thousands of cryptocurrencies and coins to buy, sell and trade in the crypto market; not all cryptocurrency exchanges will offer every coin to trade. If there is a preferred cryptocurrency the user wants to buy, they should first check the exchange website and confirm whether the coin is listed and the trading pair is available on the exchange.
  • The user should check the different fees when using a crypto exchange, like depositing fees, withdrawal fees, and trading fees. Also, a spread fee and a Forex conversion fee might come hidden, and every crypto exchange might not disclose it.
  • The user should explore the crypto exchange website and find out the methods available to contact customer support. Several UK crypto exchanges often provide FAQs (frequently asked questions) and how-to guides that are very useful for new traders. The user should also ensure that the exchange has a ticket system to contact the customer service directly or a live chatbot to assist the customers.

Is It Safe to Store Cryptocurrencies on an Exchange?

All the cryptocurrencies are held through digital wallets. Few exchanges will offer their wallet that allows the user to control the cryptocurrency in the exchange account. Then, the user can transfer it to their desired wallet; few others will ask the customers to have their wallet at registration. We highly endorse that using an exchange for long-term storage is not recommended. Moreover, the exchange controls the private keys of the user’s wallet, and the user will not have complete control over their funds.

Final Thoughts

To conclude, we have covered a list of UK cryptocurrency exchanges in the above article. We have offered pointers about the exchange, their pros, and cons, and fees about the platform, which will help the users analyze the exchange to make a good choice and start trading in a crypto exchange. Further, the user should keep their crypto assets in their custody and implement some of the best security measures when using any crypto exchange. It is better to do your research and then proceed with investing in the cryptocurrency exchange.

FAQs

How Does Crypto Exchange Work?

Cryptocurrency exchanges work as a brokerage platform. It offers an effective crypto trading platform where traders can create different types of orders to buy, sell, and trade cryptocurrencies with other traders.

How to Buy Crypto From an Exchange?

If the user is planning to buy a cryptocurrency, they need to create an account with a regulated crypto exchange. Also, they should acquire a crypto wallet to hold their cryptocurrencies, or else the crypto exchange will offer one. The user should be cautious when choosing a crypto exchange as few exchanges will provide their wallet, and they will not let the user transfer the funds out of the platform, which leads to security risk and losing the funds if the exchange is hacked. 

Which Cryptocurrency Exchanges Have the Most Coins?

Binance exchange is the leading cryptocurrency platform that has the maximum coins that are of high quality.

Are There Any UK-based Crypto Exchanges?

Concerning the UK, CEX.io and Coinburp are the leading UK-based crypto exchanges.

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