We understand that it can be challenging for beginners to know where to buy Bitcoin in the United Kingdom (UK) using fiat to cryptocurrency exchanges. There are several options out there so picking the right crypto exchange to buy Bitcoin can be a tricky task. Many exchanges do not support all countries or local fiat currencies.
In this comparison article, we will give our opinion on the best places to buy Bitcoin in the United Kingdom (UK) so you can make an informed decision. Also, note that some exchanges in this article require a hardware wallet. If you don't have a wallet, we suggest you read our article on the best Bitcoin wallets.
Best Bitcoin Exchanges In UK
Here is our consolidated list of the best places to buy Bitcoin in the UK (with our commentary):
- Crypto.com (over 1 million users worldwide and offers zero trading fees for new users)
- Binance Jersey (excellent charting features and risk management tools)
- Plus500 (CFD provider that offers competitive spreads and trading with leverage)
- CoinJar UK (fully responsive mobile app to buy, trade and sell cryptocurrency)
- CEX.IO (suitable for beginners that want to buy crypto instantly without hassles)
- Coinbase (high quality, trusted and reliable exchange that accepts several fiat currencies)
- Coinmama (super fast and easy to use exchange with a variety of fiat deposit options)
Popular Cryptocurrency Exchanges In UK
This comparison guide provides an overview of the best cryptocurrency exchanges in the United Kingdom to buy, trade and sell Bitcoin and other digital currencies. Our assessment is based on researching each exchange feature, payment methods, fiat conversion fees and security measures in place.
Credit / debit card
0% for credit cards
4.5 / 5
4.4 / 5
Credit / debit card
4.4 / 5
$0 for bank transfer
4.3 / 5
Credit / debit card
$0 for bank transfer & SEPA
4.2 / 5
Credit / debit card
1.49% - 3.99%
3.0 / 5
Credit / debit card
5% surcharge for cards
2.8 / 5
Crypto.com is a digital asset platform that offers several cryptocurrency products and services to over 1 million users across the globe across multiple countries including the UK. The crypto.com app makes it easy for everyone regardless of experience or financial status to buy, trade and sell cryptocurrencies in minutes.
The Crypto.com app is available to download for iOS and Android devices and is packed with excellent features such as:
- Buy, trade and sell Bitcoin and 50+ altcoin pairs
- Purchase Bitcoin using bank transfer, debit or credit card or other crypto assets
- Low and competitive exchange trading fees
- Zero credit card fees to purchase Bitcoin using the app
- 0% trading fees for new users during the first 90 days
Get $50 FREE When you download the Crypto.com app, use our referral code 45h3ct59tv and stake the MCO token.
Investors that want to diversify their cryptocurrency investment can venture out to other popular digital currencies such as XRP, LTC, MCO, EOS, XLM, ATOM, LINK, XTZ, BCH, VET and USDT on the Crypto.com app.
The platform uses a maker and taker fee model which offers extremely competitive rates to convert GBP into Bitcoin. The trading fee is based on tiers that depends on a 30-Day trading volume and starts at 0.25% and gradually reduce based on volume.
Binance Jersey is a stable and safe fiat-to-cryptocurrency trading platform built on the same technology developed by its parent company, Binance. A world-leading crypto exchange and one of the fastest success stories in the entire blockchain industry.
New users to Binance Jersey exchange can create an account in a few minutes with its rapid Know-Your-Customer (KYC) processing. The platform also supports a wide variety of fiat currencies such as Pounds Sterling (GBP) and Euros (EUR) which can be quickly and easily converted into Bitcoin (BTC) and Ethereum (ETH).
Binance Jersey has been designed for investors and traders with the knowledge of charting and placing orders. Users will need to understand how to enter an order using the trade window. This might be a turn-off for complete beginners that are looking to instantly purchase Bitcoin with GBP.
The deposit methods available include SEPA and Faster Payment which is widely available but does incur a small deposit fee of 0.25 GBP and 0.48 EUR respectively. There is also a small withdrawal fee. Overall, Binance Jersey is one of the best places to buy Bitcoin in the UK due to its stability, reputation and competitive exchange fees.
Plus500 is a well known CFD provider in Shares, Indices, Forex, ETFs, Options, and Indices. It is a regulated CFD provider that offers its trading services to customers in over 50 jurisdictions across the world through its different subsidiaries. Plus500 is regarded as one of the best CFD services to trade cryptocurrency with leverage.
Disclaimer: Your capital is at risk
Founded in 2008, Plus500 has experienced exponential growth and provides a safe and beginner friendly trading environment with the basic features such as a demo account to practice trading crypto.
Plus500 has introduced into its massive customer base the world's most popular cryptocurrency assets such as Bitcoin. Cryptocurrencies can be traded with up to 30x to 1 leverage as a CFD. This means you don't own the actual asset but can profit from the difference in price (long or short) of the underlining asset.
Investors that prefer to trade the traditional markets and speculate on price chart will be suited to Plus500. There is no need to create an account with a cryptocurrency trading platform. Users in the UK can buy Bitcoin CFD's to potentially make large amounts of profit trading the volatile price action.
CoinJar provides a simple way to to buy & sell digital currency using a desktop trading platform or mobile app. Established in 2013, the company has expanded its innovative crypto financial products and services from Australia to serve residents in the UK.
CoinJar offers the UK market a solid range of digital products including a secure wallet, cryptocurrency debit card, advanced digital trading platform to exchange coins, mobile app and OTC for institutional investors. The mobile phone app is supported on native iOS and Android devices.
We understand that trading fees are an important consideration when looking for an exchange in the UK to buy cryptocurrency. CoinJar offers a competitive trading fee in the market of 1%. This is comparable to other popular Bitcoin exchanges in the UK. There are also no fees to deposit GBP using a bank transfer (Faster Payment Service). There are no fees to withdraw GBP from a CoinJar wallet to a bank account.
In summary, the best features of CoinJar UK include:
- Buy and sell digital currency on desktop and mobile devices
- Competitive flat 1% fee to buy and sell cryptocurrency
- Send and receive payments from external accounts and other CoinJar users
- Advanced trading platform with price alerts
- Withdraw GBP to a bank account with no fees
- Safe and secure wallet to store crypto coins
- Monitor portfolio using the CoinJar app
CEX.IO is a popular exchange to buy Bitcoin instantly using its website or mobile app which is available on iOS and Android. With its supporting multiple payment methods, including credit cards, debit cards, bank transfers, Skrill and more, CEX.IO is considered to be one of the best crypto exchanges in the world.
CEX.IO exchange prides itself on stability to provide trouble-free service backed by a reliable system and user account security, safe storage of funds, financial viability and profound legal compliance. It is a reputable and safe Bitcoin exchange with no hacked accounts or theft of funds since its launch in 2013.
CEX.IO is packed with features that include instant crypto purchases with a credit card, margin trading platform and staking favorite coins to earn rewards and more such as:
- Beginner-friendly user interface
- Quick and easy to buy and sell Bitcoin
- Supports credit/debit card and bank transfer payments, Skrill
- Accepts fiat currencies like USD, GBP, EUR and RUB
- High liquidity order-book with low spreads
- Secure wallet using offline cold storage measures
- Mobile app with the Instant Exchange and Instant Sell services. The later is unique to CEX.IO — it allows you to sell your coins and instantly withdraw your fiat profits to Visa or Mastercard
- 24/7 customer support team
Residents of the UK can use Coinbase to buy Bitcoin which is a popular cryptocurrency exchange that has been around since June of 2012. Since its launch, Coinbase has become the trusted digital currency wallet and platform to buy, sell and trade Bitcoin and other cryptocurrencies.
Citizens in the UK can buy Bitcoin using a bank transfer or credit/debit card. These payment methods are readily available and suited to first-time Bitcoin investors. The user-interface is beginner friendly and includes a Coinbase wallet to store your Bitcoins after purchase.
Coinbase allows you to purchase Bitcoin instantly with a credit card which carries a trading fee is 3.99%. Purchases using a bank transfer are charged a 1.49% fee which is quite fair. Also when you decide to sell your Bitcoins, there is no withdrawal fee on Coinbase.
Overall, we think Coinbase is a very good option to buy Bitcoin in the UK. However, it is important to know that Bitcoins which are stored in a Coinbase wallet are not under your custody. So once you have bought Bitcoin, we recommend that you immediately withdraw your funds to keep safe on a reputable hardware wallet.
Coinmama is a fiat-to-crypto exchange that is available to investors in the UK which provides a fast, safe and easy way to buy digital currency. The crypto exchange supports fiat currencies such as GBP, AUD, EUR, USD and CAD that can be converted instantly to buy Bitcoin.
Citizens in the UK have a variety of payment methods to invest in Bitcoin. Coinmama offers widely available payment methods such as bank transfer, SWIFT, SEPA, Visa and Mastercard credit and debit cards.
Coinmama users are required to have a hardware wallet as purchased Bitcoin is sent directly to the wallet. This means Coinmama does not store Bitcoin which significantly reduces the risk of hackers and scams. Bitcoin that is purchased on Coinmama is sent directly to the hardware wallet. If you don't, check out our review on the best hardware wallets.
Coinmama fees are worth noting and charge a flat 5.9% fee and 5% surcharge to buy Bitcoin with a credit card. The transaction fees are quite high and will accumulate if buying Bitcoin frequently such as Dollar Cost Averaging (DCA).
How To Buy Bitcoin In The UK
To buy Bitcoin in the UK, follow these steps:
- Register an account with a Bitcoin exchange supported in the UK such as CEX.IO
- Complete the signup registration process and verify email
- Deposit GBP into the account using credit card or bank transfer
- Select Bitcoin from the cryptocurrency list
- Enter the amount of Bitcoin you want to buy with GBP
- Confirm the transaction details and complete purchase
Frequently Asked Questions
Cryptocurrency exchanges such as Coinbase, CEX.IO and Coinmama allow customers in the UK to buy Bitcoin using a variety of deposit methods such as bank transfer and credit card payments. The fees can vary between exchanges and is generally a surcharge applied that can be as high as 5%.
Crypto.com is one of the cheapest way to purchase Bitcoin and other cryptocurrencies in the UK. The popular crypto app app is offering zero trading fees for new customers within the first 90 days and 0% credit card charges.
There are currently no restrictions or cryptocurrency laws that prohibt prohibit investors from buying digital currencies such as Bitcoin. Cryptocurrencies are not considered legal tender in the UK and investors must abide by local tax laws.
There are several cryptocurrency trading exchanges available to investors in the UK to trade Bitcoin. Each exchange has varying features, markets to trade, fees and user interface. One of the best exchanges in the world is Binance, which is available to users globally to trade Bitcoin.
To conclude our comparison of the best places to buy Bitcoin in the UK, it is our own opinion the above exchanges are worthy choices based on their ease of use, security, deposit methods, support for GBP, trading fees and customer support.
We recognize there are many other UK Bitcoin exchanges to select, however, beginners should be careful and use the well-established and reputable cryptocurrency exchanges above which are used by millions of customers worldwide.
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