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Best Crypto Exchanges for UK Investors

10 Best Crypto Exchanges for UK Investors (February 2023)

In this guide, we have created a list of the 10 best crypto exchanges for UK investors in 2023. We’ve done all the research to make it easier for you to choose the right exchange for your trading requirements. We analyse each crypto exchange and compare their features, fees, and supported cryptos.

Cryptocurrency is becoming increasingly popular in the UK, and in 2023 UK crypto investors will have many options when it comes to choosing a crypto exchange. 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 daunting if you’re new to the space.

So, let’s dive into our guide on the best crypto exchanges for 2023 and try to help you determine the right crypto exchange for you.

Best Cryptocurrency Exchanges for UK Investors

Cryptocurrencies are becoming more popular, and as a result, more UK investors are looking for ways to buy and sell crypto. It’s important to find a reputable crypto exchange, but if you’re new, it can be difficult to choose between them.

However, there are several great crypto exchanges available to UK investors. 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 2023;

  • Binance – Best for Features
  • Coinbase – Best for Beginners
  • eToro – Best for Copytrading
  • Uphold
  • Crypto.com
  • OKX
  • Kraken – Best for Security
  • Gemini
  • Kucoin
  • Uniswap – Best Decentralized Exchange
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 Exchange Tutorial

For more information, check out our Binance Exchange Review.

Binance Features:

Binance offers many features to its users, making it one of the most popular cryptocurrency exchanges in the world. One of the most impressive features of Binance is its advanced trading platform. It offers users a variety of tools, charts, and order types to take advantage of. Binance also has a wide range of altcoins to trade, with many new coins being added monthly. 

Binance also offers users the ability to margin trade and use leverage. This means that users can trade on borrowed funds and potentially increase their profits.

However, Binance is not limited to trading. It offers various financial services for your crypto assets, including staking, liquidity pools and swaps, derivatives, education, and its self-custody Trust Wallet.

Binance also provides users with plenty of security features, including two-factor authentication, cold storage of funds, and 24/7 customer support.

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
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, 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% with Advanced Trade, 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. 

What is Coinbase

For more information, check out our Coinbase Review.

Coinbase Features:

Coinbase offers a wide range of features for users. It offers a simple and user-friendly interface for various trading pairs between different cryptocurrencies and supports FIAT to crypto pairs. For more advanced traders, they also offer advanced order types and charting with Advanced Trade.

The platform is not limited to trading, with Coinbase Earn offering ways to put your crypto to work and earn rewards, or you can take quizzes and earn free crypto. Plus, there’s the Coinbase self-custody wallet, the Coinbase Card, ways to borrow, create and collect NFTs and a subscription-based service.

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.

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
  • AdvancedTrade
  • Wide range of products
Cons
  • Poor Customer Support
  • Unclear Fee Structure
Coinbase Referral Code

3. eToro

eToro is a popular trading platform where investors can trade stocks, ETFs, cryptocurrencies, and CFDs. Founded in 2007 by three entrepreneurs, the platform is now trusted by millions of customers worldwide. The aim of eToro was to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. eToro is regulated by the UK’s Financial Conduct Authority (FCA). 

There are hundreds of different financial assets to trade on eToro, which can be traded using various investment strategies. Sometimes you will own the underlying assets, such as long (BUY), non-leveraged positions on stocks and cryptos. They will also employ CFDs, enabling various options, such as short (SELL) positions, leveraged trades, fractional ownership and more.

what is etoro trading platform

For more information, check out our eToro Review.

eToro Features:

If you’re an experienced investor or a complete beginner, eToro will have you covered. Beginners can get started investing in stocks with fractional shares, allowing users to own just a fraction of a single stock.

For those interested in crypto trading, clients can trade and invest in Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies. There are hassle-free deposits and withdrawals, and you can track real market data and follow each coin’s trends. Plus, they also have a staking service available for crypto HODLers, allowing users to use their crypto and earn passive income.

CopyTrader was brought to the platform in 2010 and is great for those getting started investing or who don’t have the time to constantly watch the markets. CopyTrader lets you view what real traders do in real-time and copy their trades automatically.

CoinGeko Trust Ratingn/a
Exchange LocationIsrael
Supported Cryptos73
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeYes
Referral BonusCheck Out eToro
Pros
  • Easy to use platform for beginner investors
  • Supports a variety of financial assets
  • CopyTrader feature
  • FCA Registered
Cons
  • Limited customer support
  • High spreads in some markets
  • High deposit amounts

4. Uphold

Uphold is a multi-currency investment provider founded by serial entrepreneur Halsey Minor in 2013. The company is headquartered in London and operates in six countries: the UK, Spain, Ireland, Switzerland, Australia and New Zealand.

Uphold’s U.K. subsidiary, “Uphold Europe Limited”, has received FCA approval as a Registered Crypto Asset service provider. This means that they are in compliance with the U.K. Anti-Money Laundering and Counter-Terrorist Financing regulations.

With Uphold, businesses and individuals can invest and exchange various assets, including cryptocurrencies, national currencies, precious metals and US equities.

Uphold offers commission-free trading on a range of products, with trading pairs available via its app and web platforms. Additionally, account holders can benefit from digital wallets, in which currencies can be easily stored and exchanged. Uphold is a popular choice for those looking to trade online with confidence and security as a well-regulated and robustly safeguarded investment provider.

What is Uphold

For more information, check out our Uphold Review.

Uphold Features:

One of the primary USPs of Uphold is their ‘anything to anything’ asset conversion offering. Depending on your location, you can trade assets directly with a bank account, cryptocurrency network, precious metals, US equities or debit/credit card.

Uphold also have a debit card, enabling smooth transactions using a range of cryptos, metals, and currencies. Plus, you can earn 1% back in USD for every USD-sourced transaction and 2% back in the cryptocurrency used for every crypto purchase.

Uphold also offers a mobile app for on-the-go trading.

CoinGeko Trust Ratingn/a
Exchange LocationNew York, USA
Supported Cryptos250+
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeNo
Referral BonusSign-up to Uphold
Pros
  • Seamless Web & Mobile Apps
  • Strong Security Procedures
  • Good Asset Selection
  • FCA Registered
Cons
  • Higher than Average Spreads
  • No Phone Support
Uphold Wallet Sign-up

5. Crypto.com

Crypto.com was founded in 2016 and has its headquarters situated in Singapore. They were previously known as Monaco before being rebranded to Crypto.com in July 2018, paying between $5 million to $10 million for the domain.

Since it launched in 2016, they have become one of the fastest-growing companies in the crypto space and have over 10 million users worldwide. They continue to innovate and add more features to their platforms, such as their popular Visa debit card and, more recently, NFTs. Making it a one-stop shop for crypto enthusiasts.

Crypto.com Features

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

Crypto.com Features:

Crypto.com offers users an array of features and products, including the Crypto.com App, where users can buy the likes of Bitcoin and 100+ cryptocurrencies with a credit/debit card or via bank transfer.

One of the most popular features is their Crypto.com Visa Debit Card, where users can receive cashback on purchases between 1% and 8%, plus free Spotify, Prime and Netflix subscriptions.

The Crypto.com exchange is their platform for users to trade crypto to crypto with more advanced order types, low fees and deep liquidity. Plus, they also have an additional range of products within the exchange, including The Syndicate, Supercharger and Lending.

There are also ways for users to stake and earn from their crypto, DeFi services and an NFT marketplace.

CoinGeko Trust Rating★★★★★
Exchange LocationSingapore
Supported Cryptos247
Fiat MarketsYes
Maker & Taker FeesVariable
Withdrawal FeeNo
Referral BonusUp to $50 Sign-up Bonus
Pros
  • User-friendly platform
  • Variety of assets to trade
  • Wide range of fiat currencies
  • Visa debit card for easy transactions
  • Mobile app for on the go trading
  • Wide range of services
  • NFTs available
Cons
  • Limited support for certain regions
  • High fees on some transactions
  • Card rewards have been downgraded
Crypto.com Referral Code

6. OKX

OKX was created in 2017 by Star Xu, and the Seychelles-based exchange boasts an impressive portfolio of investors, including VenturesLab, Ceyuan Ventures and Longling Capital. Their services are available in more than 200 countries, except for the USA. OKX has its own utility token called ‘OKB’, which was launched in early 2018. OKB can be used to settle trading fees and pay for particular services on the platform.

Since their rebranding from OKex to OKX, the platform has expanded its range of services, offering a range of trading options, demo/virtual trading accounts and easy onboarding for new users getting into the space.

What is OKX?

For more information, check out our OKX Review.

OKX Features:

In terms of trading, OKX offers a wide range of services for their traders, including; margin trading, options trading, perpetual swaps, spot trading, and ways they can purchase crypto with the likes of a credit or debit card.

The OKX Wallet is your entry into Web3, DeFi and the Metaverse. A self-custody software wallet where users can store crypto and NFTs, swap crypto with an inbuilt DEX, mint and trade NFTs and connect to Dapps

There are also options for staking, earning interest and borrowing with crypto loans.

CoinGeko Trust Rating★★★★★
Exchange LocationSeychelles
Supported Cryptos350+
Fiat MarketsNo
Maker & Taker Fees0.08%/0.10%
Withdrawal FeeNo
Referral Bonus$10 BTC Bonus, Plus 10k Mystery Box
Pros
  • Low Fees
  • Beginner Friendly
  • Self Custody OKX Wallet
  • Bitcoin Sign-up Bonus
Cons
  • KYC Verification
  • Not Available to US Citizens
OXK Referral Offer

7. Kraken

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

With Kraken, users can trade with 6 fiat currencies, including USD, Japanese Yen, Canadian dollars, British pounds, Euros, and Australian dollars. Kraken fees range from 0% up to 0.26%, which is pretty low for a crypto exchange. Plus, it’s also considered a very secure space to trade crypto and digital assets, with most of its cryptocurrency stored offline.

What is Kraken Exchange

For more information, check out our Kraken Review.

Kraken Features:

With Kraken Exchange, there are many trading features including; spot markets, futures trading with up to 50x leverage and margin trading to open larger positions. Plus, they offer various order types like limit, market, stop, trailing stop, and fill or kill.

Regarding staking options, Kraken can stake Polkadot, Cosmos and Tezos. Plus, in some countries, you can even stake FIAT currencies such as Euros and US dollars too.

CoinGeko Trust Rating★★★★★
Exchange LocationSan Francisco, USA
Supported Cryptos214
Fiat MarketsYes
Maker & Taker FeesCharges Spread
Withdrawal FeeYes
Referral BonusSign-up for Kraken Exchange
Pros
  • Wide range of digital assets and FIAT currencies
  • Up to 50x leverage with futures
  • Kraken Pro for advanced orders
  • Staking crypto and FIAT currencies with up to 12% APY
Cons
  • High fees on some transactions
  • No Tax Support
Kraken Banner

8. Gemini

Gemini Exchange is a good option for users looking to buy or sell their crypto with FIAT currencies, with bank deposits and withdrawals.

It is a regulated cryptocurrency exchange, wallet, and custodian that makes buying Bitcoin, Ethereum, and various other cryptocurrencies simple and secure. The exchange was launched in 2015 in the US by the Winklevoss twins Cameron & Tyler, who rose to fame in 2004 after they sued Mark Zuckerberg over Facebook. The company has now expanded its operations to Europe and Asia. 

Gemini Features

Gemini exchange offers an array of features for their users with a streamlined trading view and simple ways to trade assets, manage your holdings and set recurring buys.

For the more advanced trader, Gemini has ActiveTrader, their inbuilt advanced trading platform with more advanced order types, charts and lower fees.

Plus, they have their own Gemini wallet, a secure way to store your crypto assets.

Gemini Exchange Review

For more information, check out our Gemini Review.

CoinGeko Trust Rating★★★★★
Exchange LocationNew York, USA
Supported Cryptos105
Fiat MarketsYes
Maker & Taker FeesVaries
Withdrawal FeeNo
Referral Bonus$10 Bitcoin Sign-up Bonus
Pros
  • FIAT Markets
  • Gemini ActiveTrader
  • Strong Security
Cons
  • High Fees
  • Confusing fee structure
Gemini Referral Code

9. KuCoin

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

Much like Binance, this crypto exchange is another excellent option for low trading fees and is based on a user’s trading volume and on their holdings of the platform’s native token, KCS.

KuCoin boasts one of the world’s most sophisticated security technology and maintenance teams and is constantly upgrading its security systems to ensure the safety of user assets and accounts. However, KuCoin was hacked in September 2020, with hackers obtaining the private keys to the exchange’s hot wallets.

KuCoin Exchange

For more information, check out our Kucoin Review.

Kucoin Features:

KuCoin has many features that cater to the newbie just getting into crypto or the seasoned trader. New users can buy crypto directly from their site with FIAT currencies via Visa, MasterCard, FIAT balances, peer-to-peer or using 3rd party providers.

Experienced traders can trade with margin, trading bots and derivatives with leverage. They also feature ways users can earn stable profits on their assets, borrow, buy, sell and swap NFTs, and they even have their own self-custody wallet.

CoinGeko Trust Rating★★★★★
Exchange LocationSeychelles
Supported Cryptos716
Fiat MarketsNo
Maker & Taker Fees0.08%/0.1%
Withdrawal FeeNo
Referral BonusCheck out Kucoin Referral Offer
Pros
  • Competitive Trading fees
  • Advanced Trading Options
  • Supports NFTs
Cons
  • No FIAT markets
  • Hacking incident in 2020
KuCoin Sign-up bonus

10. 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.

There are endless options for 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 allows users to become liquidity providers 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.

Uniswap Features:

Uniswap’s main feature is its decentralised nature, with no centralised order book and uses liquidity pools instead. The platform also offers a huge range of tokens that can’t be found on centralised exchanges. Although this can be dangerous in terms of scam tokens, Uniswap has integrated “Token Lists” so users can use reputable lists from trustworthy sources.

Traders will also benefit from Uniswap’s “Auto Router” feature to find the best route for each trade and help reduce gas costs.

Users can also buy and sell NFTs and profit by supplying liquidity to a pool.

CoinGeko Trust RatingN/A
Uniswap LocationGlobal
Supported Cryptos885
Fiat MarketsNo
Maker & Taker FeesN/A
Withdrawal FeeN/A
Referral BonusNo Referral Offers are Available
Pros
  • No Sign-up or KYC
  • Wide range of cryptos
  • Earn crypto with Pools
Cons
  • No FIAT payments
  • Gas fees can be high
  • Complicated for beginners

What Should you Look for from a Crypto Exchange?

When choosing a cryptocurrency exchange, it’s important to consider the following factors:

  1. Platform Security: Look for a cryptocurrency exchange with high-security measures, including two-factor authentication and cold storage of user funds.
  2. Fees: Exchanges with low fees are better suited for long-term trades.
  3. Currency Support: Make sure the exchange has a wide range of currencies available for trading.
  4. Trading Features: Consider the range of trading features offered, including margin trading, futures, and over-the-counter (OTC) trading.

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

Choosing the right cryptocurrency exchange is essential for a successful trading experience. When selecting an exchange, it is important to consider platform security, fees, currency support, and trading features. With the right exchange, users can easily buy, sell, and trade their favourite digital assets confidently.

FAQs

Is cryptocurrency legal in the UK?

Yes, the purchase of Bitcoin or any other cryptocurrency, is legal in the UK. However, just be aware that the Financial Conduct Authority (FCA) doesn’t regulate cryptocurrencies.

How does a crypto exchange work?

A crypto exchange is where buyers and sellers can trade crypto, with the exchange acting as an intermediary between them. Buy and sell orders are held on an order book which is maintained by the exchange to match the buyers and sellers.

What are crypto Maker and Taker fees?

Maker and taker fees are costs charged to a trader by an exchange when an order is placed and filled. A maker order is an order you place that is not immediately matched with an order on the order book, whereas a Taker order is.

Are cryptocurrencies regulated in the UK?

Cryptocurrencies are not regulated in the UK. Although you will find that some cryptocurrency exchanges, such as eToro and Uphold, are registered with the Financial Conduct Authority (FCA). 

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