10 Best Cryptocurrency Exchanges in the UK

We have reviewed 60+ exchanges and ranked the best cryptocurrency exchanges in the United Kingdom (UK) to buy Bitcoin. Our assessment is based on important user factors such as ease of use, local deposit methods, trading fees, security and customer support. 

our Pick

Best Exchange For

coinbase

Best Exchange For

etoro

Your capital is at risk.

Best Exchange For

binance

This post contains affiliate links with our partners who may compensate us. However, this does not influence our review process or rating system. Read our disclaimer for further information.

The Best Crypto Exchanges In The UK

Based on our reviews, here are the top Bitcoin & crypto exchanges for the UK:

  1. Coinbase (high quality and trusted exchange)
  2. Binance (solid reputation and low fees)
  3. eToro ( crypto, stocks and CFD trading)
  4. Crypto.com (no fees for credit card purchases)
  5. Gemini (safe cryptocurrency exchange)
  6. CoinJar UK (native iOS & Android mobile app)
  7. CEX.IO (suitable for beginners, easy to use)
  8. StormGain (leading Bitcoin trading platform)
  9. Luno (deposit GBP using a bank transfer)
  10. Coinmama (fast and easy, good security)

UK Crypto Exchange Comparisons

This comparison table provides an overview of the best crypto exchanges in the UK to buy, trade and sell Bitcoin and other digital currencies. If you still can't find what you're looking for, there is also the option of using a global fiat-to-crypto service which will commonly accept other deposit methods such as debit or credit card, PayPal and even Amazon gift cards.

Exchange

Crypto Assets

Fees

Rating

Review

Website

binance

Binance

200+

0.1%

4.8/5

10% off trading fees

coinbase

Coinbase

37

0.5%

4.7/5

etoro

eToro

16

Spread only

4.6/5

Your capital is at risk

gemini

Gemini

26

0.5%

4.6/5

crypto.com

Crypto

80

0.2%

4.5/5

coinjar exchange

Coinjar

24

0.1% / 1%

4.3/5

cex.io

CEX.IO

31

0.25% / 0.16%

4.2/5

StormGain

Stormgain

7

0.025%

4.1/5

luno

Luno

10

0.1%

4.1/5

coinmama

Coinmama

7

0.1% - 0.9%

3.8/5

Some exchanges require you to own a Bitcoin wallet such as the Ledger Nano X. If you don't have a wallet, make sure to read also our guide on the best crypto hardware wallets before getting started.

Best UK Crypto Exchange: Reviews

Here is our summary of the best crypto exchanges in the UK. For an in-depth of each platform, click on the exchange review links below. 

1. Coinbase

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 credit/debit card or bank transfer. 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

Coinbase offers an advanced and professional trading exchange called Coinbase Pro, which is ideal for beginners and intermediate cryptocurrency traders. Coinbase Pro allows individuals looking to trade a wide variety of digital currencies on a secure and insurance-backed platform. 

Overall, Coinbase is a good option to buy Bitcoin in the UK. There is even Coinbase Earn for beginners to learn about blockchain projects to earn cryptocurrency. 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.

2. eToro

eToro is a global financial brokerage that provides financial trading and investing platform for several markets including Crypto, ETFs, Stocks, Indices, Commodities and Forex. The broker is used by millions of investors and traders across multiple jurisdictions in the world including customers in the United Kingdom. 

Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection.

eToro is suited for beginners that want to invest in different cryptocurrencies using a powerful and user-friendly crypto trading platform. The platform supports 94 cryptocurrency pairs that can be traded against altcoins or fiat currencies or practice crypto trading using a virtual portfolio.

etoro website

eToro is well-known for its social trading community where traders can join and connect with other traders to share ideas, strategies or mirror the trading performance of profitable traders. This means new investors and beginners can participate in the cryptocurrency market by following successful Bitcoin traders.

There is a filter system to discover an investor's portfolio to copy that fit's a certain criteria such as return on investment, risk tolerance and the number of copiers. To limit potential losses, there is the option to set a stop loss level.

etoro copy trade

Past performance is not an indication of future results.

3. Gemini

Gemini is a New York-based firm and regulated cryptocurrency exchange that is available in the UK. Founded by the Winklevoss twins, the exchange has grown rapidly to become a popular choice for individuals, traders and institutions to buy, sell, and store Bitcoin and cryptocurrency. 

Gemini supports multiple fiat currencies including the GBP which can be deposited to the exchange using a debit card or transfer from a bank account via Faster Payments, CHAPS, or SWIFT wire. Other notable features include an advanced trading platform, custody service, secure wallet, mobile trading app and off-exchange crypto trades.

gemini website

Gemini is often referred to as one of the safest cryptocurrency exchanges to buy and sell digital assets. This is attributed to the bank-like security measures and safety first mentality by the team. A number of protection mechanisms are employed to protect user's information and funds stored on the platform such as cold wallet storage, multi-signature withdrawal process, Two Factor Authentication, encryption, whitelisting addresses and brute force login protection.

A great feature using Gemini is the zero-deposit fees to transfer fiat currency or cryptocurrency assets to the exchange. Customers in the UK can deposit pounds without fees, however debit card purchases will incur a 3.49% fee on the total purchase amount.

4. Crypto.com

Crypto.com is a cryptocurrency exchange that offers several cryptocurrency products and services to over 1 million users across the globe across multiple countries including the USA, UK and Australia. The crypto.com app makes it easy for everyone regardless of experience or financial status to buy, trade and sell cryptocurrencies in minutes.

crypto.com site

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 crypto 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.  

crypto.com app

5. Binance

Binance is a stable and safe fiat-to-cryptocurrency trading platform built on the same technology developed by its parent company, Binance. A world-leading 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

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. 

6. CoinJar UK

CoinJar provides a simple way to to buy & sell digital currency using a desktop trading platform or mobile app. Established in 2013, the company started out as an Australian cryptocurrency exchange that has expanded its innovative crypto financial products and services to 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.

coinjar

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% which is comparable to other Bitcoin exchanges. 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 crypto 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 

7. CEX.IO

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

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

8. StormGain

StormGain is a cryptocurrency trading and investing platform that is equipped with cutting-edge features and trading tools. It is an advanced trading to allow investors to buy Bitcoin using cryptocurrencies and stablecoins and capitalize on the volatile crypto markets leverage up to 200x. 

Investors that prefer to buy and hold can purchase crypto with fiat using VISA and Mastercard credit cards which can be stored within the StormGain wallet. 

Stormgain features

StormGain is designed for the intermediate to advanced investor and traders. Existing Bitcoin traders that want to leverage a position using StormGain will have access to the following features on the platform:

  • Rapid sign up and registration
  • No KYC process to start trading crypto
  • Advanced trading platform and sleek user-interface
  • High leverage trading up to 200x
  • Stablecoin settlement in USDT
  • Cloudminer Tool to mine crypto from mobile app
  • Loyalty programs
  • Trading signals
  • Two-Factor Authentication
  • Practise crypto trading on a demo account
  • Mobile trading app for iOS and Android

9. Luno

Luno is a cryptocurrency exchange that is headquartered in Singapore and available in over 60 countries worldwide including the UK. With over 6 million users globally and 17 billion USD in transactions, Luno is one of the larger exchanges that offers a quick way for individuals in the UK to invest in Bitcoin or altcoins such as Ethereum, XRP and Litecoin. 

The trading experience has been designed for beginners and is one of the easiest ways to start trading crypto using GBP and a bank transfer. Luno also provides a trusted and secure online wallet for individuals to temporarily store their coins.  

luno website

Unlike other cryptocurrency trading platforms, Luno has been carefully designed with beginners in mind and introduce them to digital coins. The sign-up, verification and link to payment process takes only a few minutes to complete. Customers can purchase digital assets using a highly intuitive and elegant user-interface on the desktop or using the Luno mobile app. 

For UK residents using Luno, the trading fee is between 0% - 0.1% which is very competitive in comparison to leading cryptocurrency platforms. For example, the trading fee on Binance is a flat 0.1%.  There is also zero fees to deposit and withdraw funds to a local bank.

10. Coinmama

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 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

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 Choose A UK Crypto Exchange

Finding a suitable UK cryptocurrency exchange can be tricky for beginners in the crypto-sphere. It's important to take into consideration the below factors before depositing funds. 

Regulated in The UK

It is important to use a trusted platform that is regulated in the UK and complies with the strict laws and regulations that govern the digital currency industry. Cryptocurrency exchanges that are certified by the Financial Conduct Authority (FCA) are regarded as trustworthy and a safe place to buy digital currencies.

Beginner-friendly & easy to use

Look for an exchange supported in the UK that allows quick and easy GBP deposits and a mobile app to buy/sell Bitcoin at any time or place. A great example of a crypto exchange in the UK with a mobile app is Luno. There are zero-fees to deposit GBP using a bank transfer.

Deposit methods

Find a UK cryptocurrency exchange that offers a preferred deposit options such as bank transfers or credit/debit card purchases to buy Bitcoin. These are the most common payment methods to look for which has low fees and fast processing times. Each platform has varying minimum and maximum daily limits per 24 hours.

Supported cryptocurrencies

There are thousands of different cryptocurrency projects and coins to buy and sell. Not all exchanges will offer each coin for trading. If there is a particular digital currency that you want to buy, check the exchange website to confirm the coin is listed and an AUD trading pair is available (e.g. BTC/GBP).

Wallet security

Look for a crypto platform that offers security features such as cold wallet storage, multi-signature withdrawal process and two factor authentication. This measures will help to prevent the theft of funds and fraudulent activity. 

Trading fees

There are several different fees to be aware of when using a crypto exchange such as to deposit GBP, withdraw cash or crypto and trade between assets. There is also a spread fee and forex conversion fee which is often a 'hidden cost' and not fully disclosed. 'It is recommended to check the difference between the buy and sell price on the exchange to determine the spread. 

Customer support

Explore the website to find out what communication methods are available to support users that need troubleshooting advice or assistance on the exchange. Most UK crypto exchanges will provide a Frequently Asked Questions (FAQ's) section and How-To-Guides which is useful for beginners. Otherwise, make sure the website has a ticket system to contact the customer support team directly or a live chat bot.

Online Reviews & Social Media

Search for online exchange reviews, forum comments and posts on social media is a great way to see what experience other investors and traders have had with the platform. Review websites generally aim to provide a quick, easy to read summary of the exchange before creating an account.

Best Crypto Exchange UK: Categories

Crypto Exchange With Lowest Fees

When looking for the cheapest cryptocurrency exchange, it is important to consider the trading fee and also spread. One of the lowest fee exchanges is Binance with fees between 0% to 0.1%. Binance is the largest trading exchange website that supports GBP instant deposits via a bank transfer or credit card purchase.

Best Crypto Exchange For Beginners

Coinbase is the best website to buy/sell crypto in the UK for beginners. Buyers and sellers can use the clean, intuitive, easy to navigate. The platform is fully responsive mobile app for Android and iOS devices that includes all the trading features available on the desktop version of the site. The exchange has been designed for simplicity, easy to use and includes a highly responsive live chat feature for customer support.

Best Bitcoin Trading Platform

Binance is a popular cryptocurrency trading platform that features an advanced charting system to allow traders to start trading on digital assets like Bitcoin, Ethereum and XRP. The exchange lists well over 200 trading pairs that can be traded against crypto, stablecoins or fiat currency.

Powered by TradingView which is a leading charting and social network, Binance users are fully equipped with the best charting tools and trading features for cryptocurrency to trade hundreds of pairs on a single trading site. Binance also offers margin trading on it's platform for users to trade leveraged positions. Overall, Binance is one of the top cryptocurrency trading platforms for the UK.

Best Bitcoin Trading App

CoinJar UK has released a mobile app for iOS and Android to buy Bitcoin, Ethereum and other digital assets. The app provides a fully responsive interface where users can manage their portfolio, send crypto to other users and make instant payments in crypto. The CoinJar app is an efficient way to buy/sell crypto, at any time and any place.  

Cryptocurrency Exchanges That Don't Require ID

Individuals that convert fiat currency (e.g. Pounds) into cryptocurrency (e.g. Bitcoin, Ethereum) using an online exchange generally need to submit identification documents. This is per the FCA's requirements and in accordance with Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulations.

There are some exceptions to the rule such as peer-to-peer services like Paxful and instant crypto swap services. These platforms allow users to buy and sell directly with each other that don't always require ID depending on the method of payment. 

Where To Store Bitcoin & Cryptocurrency

Storing cryptocurrency using a UK cryptocurrency exchange or online wallet can be risky. While most exchanges include a secure wallet, the safety of the asset should be the responsibility of the owner and kept under their control. There are reputable cryptocurrency wallets to store Bitcoin, Ethereum, Tron and other coins: 

Using a cold storage wallet provides an airlock between internet-connected devices and the asset. The Bitcoin private keys give the right to access the cryptocurrency (send, transfer and receive) is kept on the wallet and not an exchange. Even if the hardware wallet is damaged, lost or stolen, the funds can be accessed using a variety of back-up options such as using a recovery phrase.

Frequently Asked Questions

Can You Buy Bitcoin In The UK With A Credit Card?

Cryptocurrency exchanges such as Coinbase, CEX.IO and Coinmama allow customers in the UK to buy Bitcoin using a credit or debit card. The fees can vary between exchanges and is generally a surcharge applied that can be as high as 5%.

What Is The Cheapest Way To Buy Bitcoin In The UK?

Crypto.com is one of the cheapest way to purchase Bitcoin and other cryptocurrencies in the UK. The popular crypto exchange is offering zero trading fees for new customers within the first 90 days and 0% credit card charges.

Is It Legal To Buy Bitcoin In The UK?

There are currently no restrictions or cryptocurrency laws that prohibits individuals from buying digital currencies such as Bitcoin. Cryptocurrencies are not considered legal tender in the UK and investors must abide by local tax laws.

What Is The Best Bitcoin Trading Exchange In The UK?

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. 

Conclusion

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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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.