Best Crypto Exchanges for UK Investors

12 Best Crypto Exchanges in the UK (September 2022)

This guide provides a list of the best crypto exchanges for UK investors in 2022. We will try to answer your questions about each cryptocurrency exchange, analysing their features, fees, and supported cryptos.

In 2022, UK crypto investors have a lot of options when it comes to crypto exchanges. However, there are many things to consider when choosing a crypto platform, such as liquidity, trading volume, fees, and safety. It can become very confusing and a daunting prospect if you’re new.

So, let’s dive into our guide on the best crypto exchanges for 2022 and try to help you work out what is the right crypto exchange for you.

Best Crypto Exchanges for UK Investors

Top Cryptocurrency Exchanges UK 2022

Cryptocurrencies are becoming more popular, and as a result, more investors are looking for ways to buy them. To get started trading in cryptocurrencies, you need to find a reputable crypto exchange.

If you’re a crypto investor and living in the UK, you’re in luck. There are several great crypto exchanges available to you. We’ll introduce you to some of the best crypto exchanges we have personally used. Plus, run you through some factors that lead them to be part of our top picks. We’ll also discuss the pros and cons of each one so that you can decide which one is the suitable crypto exchange for you.

So without further ado, let’s get started! Here is our list of the best crypto exchanges for UK investors for 2022;

  • Binance
  • Coinbase
  • FTX
  • eToro
  • Uphold
  • Crypto.com
  • OKX
  • Kraken
  • Gemini
  • Kucoin
  • Bittrex
  • Uniswap
Top Cryptocurrency Exchanges Ranking by Trust Score

You can also check out our crypto exchange comparison table to compare exchanges and find one that fits your requirements.

1. Binance

Binance Exchange UK

Binance currently dominates the global exchange space, making up a significant portion of crypto trading volume daily. In our opinion, Binance is one of the best crypto exchanges for UK crypto investors, with a strong focus on altcoin trading. As a regular leader of Cryptocurrency Spot Exchanges in terms of traffic, liquidity, and trading volumes on the likes of CoinMarketCap, it shows that people trust the platform and that competitive prices will be available.

The crypto exchange offers hundreds of trading pairs between different cryptocurrencies. Although Binance offers some FIAT to crypto pairs, most of its pairs are between crypto-assets. You can also start by buying crypto with FIAT from the site using 3rd parties, bank transfers or a credit or debit card. Plus, they have some of the lowest trading fees of any crypto exchange. Starting at 0.1%, these can reduce further depending on trading volumes and promotions, or you can get these even lower by using their own BNB coin.

Binance Features:

Binance has not only a crypto exchange but also a whole host of financial services for your crypto assets, including staking, liquidity pools and swaps, derivatives, education, and their own Trust Wallet.

In terms of how safe Binance is, Binance did have a security breach in 2019 where it was hacked and resulted in 40 million dollars of Bitcoin being stolen. However, Binance refunded all affected investors and was deemed a safe platform.

Binance Exchange Tutorial

For more information, check out our Binance Exchange Review.

CoinGeko Trust Rating★★★★★
Binance LocationGlobal
Supported Cryptos350+
Fiat MarketsYes
Maker & Taker Fees0.1% / 0.1%
Withdrawal FeeYes
Binance Referral Bonus20% Off Trading Fees, Plus up to $285 BTC Bonus
Pros
  • Wide Range of Cryptocurrencies Available
  • Low Trading Fees
  • Lots of Features & Products
  • High Trading Volume
  • FIAT on Ramps (GBP, USD, EUR)
Cons
  • Loosely Regulated
  • Unknown Registered Global HQ
  • Slightly Complex for Beginners
Binance Sign-up Bonus

2. Coinbase

Next is Coinbase & Coinbase Pro, which in contrast to Binance, can be expensive in terms of fees. However, Coinbase is very user-friendly, and most people getting into crypto tend to start here, especially with sign-up offers such as their £5 free Bitcoin. The interface is easy to use and ideal for newbies with their simple buying process.

However, these newbies will soon be aware that Coinbase has some of the highest fees among all the crypto exchanges, ranging from 1.49 to 3.99% for trading digital assets on Coinbase and from 0.5% on Coinbase Pro, which has a wider range of tokens and is more aimed at experienced traders. Coinbase supports customers in over 30 countries, including the United States, most of Europe, Singapore, Canada, and Australia, with some very high volume and liquidity. 

Coinbase Features:

Their Coinbase Earn feature is one of the best ways to get your hands on some free crypto. You can earn up to $177 in altcoins by taking some quizzes and learning about each crypto. Another thing that makes Coinbase one of the top crypto exchanges is that it’s very secure. While multiple attempts have breached the exchange’s security, Coinbase has yet to suffer a huge hack, and they store 97% of bitcoins offline.

Coinbase has got quite negative press in the crypto community. This is primarily due to their poor customer service and tracking of how and where you spend your bitcoins which has led Coinbase users to find alternatives.

Coinbase Send Crypto

For more information, check out our Coinbase Review.

CoinGeko Trust Rating★★★★★
Coinbase LocationUS
Supported Cryptos220+
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeYes
Coinbase Referral Bonus£5 Bitcoin Sign-up Bonus
Pros
  • Beginner Friendly
  • High Liquidity
  • Supports FIAT Payments
  • FDIC Insured
Cons
  • Poor Customer Support
  • Unclear Fee Structure
Coinbase Referral Code

3. FTX

FTX Features:

FTX Exchange Referral Code

For more information, check out our FTX Review.

CoinGeko Trust Rating★★★★★
Exchange LocationUS
Supported Cryptos320+
Fiat Markets
Maker & Taker Fees0.02% / 0.07%
Withdrawal Fee
Referral Bonus5% Off Trading Fees
Pros
    Cons
      FTX Referral Code

      4. eToro

      eToro Features:

      For more information, check out our eToro Review.

      CoinGeko Trust Ratingn/a
      Exchange Location
      Supported Cryptos
      Fiat Markets
      Maker & Taker Fees
      Withdrawal Fee
      Referral Bonus
      Pros
        Cons

          5. Uphold

          Uphold Features:

          What is Uphold

          For more information, check out our Uphold Review.

          CoinGeko Trust Ratingn/a
          Exchange Location
          Supported Cryptos
          Fiat Markets
          Maker & Taker Fees
          Withdrawal Fee
          Referral Bonus
          Pros
            Cons
              Uphold Wallet Sign-up

              6. Crypto.com

              Crypto.com Features:

              Crypto.com Features

              For more information, check out our Crypto.com Review.

              CoinGeko Trust Rating★★★★★
              Exchange Location
              Supported Cryptos
              Fiat Markets
              Maker & Taker Fees
              Withdrawal Fee
              Referral BonusUp to $50 Sign-up Bonus
              Pros
                Cons
                  Crypto.com Referral Code

                  7. OKX

                  OKX Features:

                  What is OKX?

                  For more information, check out our OKX Review.

                  CoinGeko Trust Rating★★★★★
                  Exchange Location
                  Supported Cryptos
                  Fiat Markets
                  Maker & Taker Fees
                  Withdrawal Fee
                  Referral Bonus$10 BTC Bonus, Plus 10k Mystery Box
                  Pros
                    Cons
                      OXK Referral Offer

                      8. Kraken

                      Kraken Exchange is another great option for newbies with a simple and basic interface to get started with, whilst being a good option for more advanced traders and is one of the oldest exchanges and has operated since 2013. It offers users more than 150 different cryptocurrencies to trade, buy, and sell.

                      You can trade on Kraken with six different fiat currencies, including USD, Japanese Yen, Canadian dollars, British pounds, Euros, and Australian dollars. You don’t need to visit other crypto exchanges before you start trading. 

                      Kraken Fees: Kraken fees range from 0% up to 0.26%, which is pretty low for a crypto exchange. Their trading volume and liquidity are high, too, currently ranking on CoinMarketCap at number 4 in terms of cryptocurrency spot exchanges.

                      Kraken has some great staking options and rewards, too, where you can stake Polkadot, Cosmos and Tezos. In some countries, you can even stake FIAT currencies such as Euros and US dollars too!

                      Kraken isn’t only popular for being a crypto exchange with some of the lowest fees. Still, it’s also considered a very secure space to trade crypto and digital assets, with most of its cryptocurrency stored offline.

                      Kraken Features:

                      What is Kraken Exchange

                      For more information, check out our Kraken Review.

                      CoinGeko Trust Rating★★★★★
                      Exchange Location
                      Supported Cryptos200+
                      Fiat Markets
                      Maker & Taker FeesCharges Spread
                      Withdrawal FeeYes
                      Referral BonusSign-up to Kraken Exchange
                      Pros
                        Cons
                          Kraken Banner

                          9. Gemini

                          Gemini Features

                          Gemini Exchange Review

                          For more information, check out our Gemini Review.

                          CoinGeko Trust Rating★★★★★
                          Exchange LocationUS
                          Supported Cryptos100+
                          Fiat Markets
                          Maker & Taker Fees
                          Withdrawal Fee
                          Referral Bonus$10 Bitcoin Sign-up Bonus
                          Pros
                            Cons
                              Gemini Referral Code

                              10. KuCoin

                              KuCoin Exchange is one of the newer crypto trading platforms on my list and was created in 2017, where you buy and sell 200 cryptocurrencies worldwide. They have high liquidity and a wide selection of supported digital currencies and services.

                              Users can Buy crypto with top fiat currencies, including USD, EUR, GBP, CAD, AUD, etc. This crypto exchange is another excellent option for low trading fees; you’ll only pay 0.1% of the amount you buy.

                              Several trading options are available to suit different trading levels, including spot trading, instant exchanges, and margin trading. You can earn crypto with KuCoin’s crypto lending, staking, soft staking, and KyCoin Shares (KCS) bonus. 

                              KuCoin was hacked in September 2020, with hackers obtaining the private keys to the exchange’s hot wallets.

                              Kucoin Features:

                              KuCoin Exchange

                              For more information, check out our Kucoin Review.

                              CoinGeko Trust Rating★★★★★
                              Exchange Location
                              Supported Cryptos
                              Fiat Markets
                              Maker & Taker Fees
                              Withdrawal Fee
                              Referral Bonus
                              Pros
                                Cons
                                  KuCoin Sign-up bonus

                                  11. Bittrex

                                  For more information, check out our Bittrex Review.

                                  CoinGeko Trust Rating★★★★
                                  Exchange LocationUnited States
                                  Supported Cryptos470+
                                  Fiat Markets
                                  Maker & Taker Fees0.2% /0.2%
                                  Withdrawal Fee
                                  Referral Bonus

                                  12. Uniswap

                                  Uniswap is an automated token exchange based on the Ethereum blockchain launched in 2018. Unlike centralized cryptocurrency exchanges, Uniswap has no order book for executing trades. Instead, it allows users to trade without a middleman or third party, with a high degree of decentralization and censorship resistance.

                                  One thing to mention, you can not buy or sell Bitcoin BTC with UniSwap. However, they have Wrapped Bitcoin, also known as wBTC, available on the crypto platform.

                                  This may not suit the newbie first getting into crypto as you’ll need an understanding of DEFI and already have Ethereum in your wallet to get started. Still, DEFI platforms have risen in popularity over the past 12 months.

                                  Although its volume and liquidity don’t match the most popular centralized exchanges, its s average daily trading volume can be up to about $200 million, making it the most extensive DeFi Exchange.

                                  There are endless options of ERC20 tokens available on Uniswap. Their trading fees are at 0.3%, but Ethereum gas fees are also to pay, depending on how congested the Ethereum network is. Uniswap also offers users the ability to become a liquidity provider and earn 0.3% of the fees.

                                  Unlike a centralized exchange, with a decentralized crypto exchange, you are in control of your funds; therefore, it is pretty safe. However, because Uniswap is decentralized and open to anyone listing a token, it is easy for scammers to take advantage. 

                                  Uniswap Review & Tutorial

                                  For more information, check out our Uniswap Review.

                                  CoinGeko Trust RatingN/A
                                  Uniswap LocationGlobal
                                  Supported CryptosEthereum ERC20 Tokens
                                  Fiat MarketsN/A
                                  Maker & Taker FeesN/A
                                  Withdrawal FeeN/A
                                  Referral BonusNo Referral Offer Available
                                  Pros
                                    Cons

                                      What Should you Look for from a Crypto Exchange?

                                      Can you Leave Cryptocurrency on an Exchange?

                                      You should not keep cryptocurrency on a crypto exchange long-term. No matter which crypto exchange you use or how safe it’s reported, you should never keep large amounts of crypto on an exchange.

                                      It is always much safer to withdraw your coins back to a secure wallet, such as a Trezor One or a Ledger Nano S or Nano X, where you have control over your private keys and, therefore, your digital currencies.

                                      Conclusion

                                      FAQs

                                      Is cryptocurrency legal in the UK?

                                      How do a crypto exchange work?

                                      What are crypto Maker and Taker fees?

                                      Are cryptocurrencies regulated in the UK?

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