Cryptocurrency

Best Cryptocurrency Exchanges in the UK

4 Mins read

If you are a resident of the United Kingdom and are seeking the best cryptocurrency exchange that will enable you to interact with some of the top cryptocurrency trading possibilities available about Bitcoin in 2022, then you have arrived at the correct spot.

In the United Kingdom, there are numerous cryptocurrency exchanges. Some have been in business for almost a century, while others have just been operating for a year or two. Others have allegedly lost millions of dollars in customer cash as a result of security breaches, and others do not have enough liquidity to accommodate users who wish to make massive transactions.

Here are some of the best cryptocurrency exchanges in the UK, which you can refer to while investing in cryptocurrencies in 2022.

Best Cryptocurrency Exchanges List

1. eToro

eToro

At the top of our list is eToro. It is by far several of the most acceptable cryptocurrency exchange alternatives available in the United Kingdom. It is completely controlled by the Financial Conduct Authority (FCA) and is considered to be one of the most cost-effective investment options.

What we Liked:

  • Bitcoin, as well as 22 additional cryptocurrencies, are available on eToro.
  • You may trade Bitcoin without paying any commissions.
  • On the platform, there are millions of consumers.
  • Credit cards, debit cards, and e-wallets, as well as bank transfers, are received.
  • You can automate everything and mimic other people’s transactions.

What We Didn’t:

  • Because the platform is in US currency, you will convert GBP.

2. Coinbase

Coinbase

Because it began as a site where only Bitcoin could be traded, it has evolved into a platform where users can trade a variety of cryptocurrencies, which is why it is ranked at the top of our list. It has more than 56 million users, and that’s quite a large number, and it provides a variety of different services and activities.

When you create an account, the procedure is quick, and you will be able to explore and examine assets in the tens of thousands of dollars range. A small number of them are completely marketable, while current concepts are introduced for research at first.

What We Liked:

  • To date, there have been more than 56 million users.
  • The experience is user-friendly.
  • Multiple options for depositing and withdrawing are available.
  • You may deposit Bitcoin into your FCA-licensed private wallet.

What We Didn’t:

  • Deposits made with a debit card are liable to a 3.99% service fee.

3. Binance

Binance

The platform makes every effort to function according to all of the criteria established by regulators and government agencies. Apart from being an exchange, it also has its own blockchain and cryptocurrency, making this the perfect ecosystem in and of itself. The Trust Wallet, which is a digital wallet developed by Binance, allows you to trade more than 300 cryptocurrencies on the site. Registration is straightforward, and the platform works flawlessly on both computers and mobile devices.

The Binance interface is also jam-packed with tools and features that should meet the demands of any seasoned trader or cryptocurrency investor alike. You may use it to read charts and use technical indicators, as well as link your API to 3rd party services.

What We Liked:

  • Based on trade volume, this is the UK’s biggest exchange.
  • There are over 300 cryptocurrency pairings offered, with a trading cost of only 0.1 percent.
  • FCA is licensed with a good reputation.

What We Didn’t Like:

  • A 2 percent charge on card payment is complicated for newbies.

4. CoinCorner

CoinCorner

CoinCorner is known for being lightning-fast, and the site is more of a cryptocurrency brokerage platform than an exchange. It only allows for Bitcoin purchases to be made. It is meant for those who are interested in purchasing Bitcoin and want to keep onto it for a period of many months.

Given the fact that it features a straightforward account creation procedure that can be done in minutes, it is popular among users. First, you must create an account by giving some personal information; after that, it is just a matter of making a deposit using the payment method of your choice.

What We Liked:

  • Bitcoin mining is very fast, and it accepts a large number of different payment methods.
  • Thousands of companies participate in a reward scheme.

What We Didn’t Like:

  • Trading commissions that are too high.
  • A processing fee of 2 percent is applied to all card deposits.

5. Coinjar

Coinjar

Coinjar is basically a cryptocurrency broker and exchange that operates online, making it an excellent choice for those who are just starting to start in the world of crypto exchanges. The platform simplifies the process of purchasing and trading digital currencies, and the site is also devoid of complicated features that only a seasoned professional would be aware of or understand.

Create your account in minutes by simply providing your ID and buying the cryptocurrency of your choosing.

It enables you to trade several different cryptocurrency pairings, and it provides you with a comprehensive selection of digital currency combinations that are priced in relation to the pound.

What We Like:

  • Portfolios of cryptocurrencies that are already built
  • Bank transfers are free and rapid.
  • Simple to use
  • The Australian Transaction Reports and Analysis Center regulates the industry.

What We Didn’t Like:

  • There aren’t many technical indications available.

Conclusion

In conclusion, selecting a crypto exchange that is suitable for your needs and meets all of your individual specifications might be challenging to do. On the other hand, the good news is that inhabitants of the United Kingdom have accessibility to countless numbers of Bitcoin exchanges. Remember that many of them function without a license, so you must first determine whether or not an exchange is authorized by the Financial Conduct Authority (FCA) and then look at the metrics surrounding supported markets, fees, and payment options that are made accessible to you.

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