{"id":2687,"date":"2022-02-02T16:48:01","date_gmt":"2022-02-02T16:48:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/uk\/?page_id=2687"},"modified":"2024-03-20T11:44:49","modified_gmt":"2024-03-20T11:44:49","slug":"cryptocurrency-exchanges","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/uk\/cryptocurrency-exchanges\/","title":{"rendered":"Best Crypto Exchange in the UK"},"content":{"rendered":"
Over late 2021 and early 2022, the crypto market has seen a large corrected, with its market cap falling from nearly $3 trillion to just over $1.5 trillion. If you’re thinking of investing in cryptocurrency, now could be a good time to ‘buy low, sell high’ during this dip.<\/p>\n
Given the positive price predictions<\/a> of the crypto markets in 2024 and increasing use cases and institutional adoption, investors could expect a high ROI in the long run.<\/p>\n In this guide we review the best crypto exchanges in the UK, so that you can start investing in crypto<\/a>.<\/p>\n[table_of_content]\n Since the selection of the best crypto exchange will be determined by your preferences and needs, we have provided a detailed review of each of the best crypto exchanges below to assist you in finding the right exchange for you.<\/p>\n If you are looking for the best crypto exchange to begin your investment journey, you have come to the right place. Read on as we review the best crypto exchanges and discuss their features, benefits, and drawbacks, among other things.<\/p>\n eToro<\/a> is a well-known crypto exchange in the UK, offering traders and investors a plethora of ways to engage with crypto trading. It boasts of the world’s largest trading and investing community, with over 20 million members across the globe. Many of eToro’s experienced and knowledgeable investors have outperformed market benchmarks.<\/p>\n This leading crypto exchange gives traders and investors access to over 2000 different financial assets, including currencies, ETFs, stocks, indices, commodities, and crypto assets, the majority of which can be leveraged on this platform, thereby giving almost everyone access to short-term, mid-term, and long term investment<\/a> opportunities.<\/p>\n Note – leverage trading is a risky investment strategy that can result in increased losses. <\/em><\/p>\n <\/p>\n Furthermore, the eToro platform includes premium features such as Smart Portfolios and a Copy trader function to improve the user’s trading experience. eToro Investment Portfolios (Smart Portfolios) are collections of assets or people that have been strategically grouped around a common theme.<\/p>\n Similarly, the eToro platform’s Copy trader function allows users to replicate the trades of skilled, experienced, and professional investors.<\/p>\n For the benefit of its clients, eToro has also purchased insurance coverage from Lloyd’s of London. The insurance covers eligible clients who have suffered damages as a result of eToro’s insolvency or a negligent occurrence.<\/p>\n Cryptocurrencies supported:<\/strong> Bitcoin, Ethereum, Bitcoin Cash, Litecoin, NEO, Ripple, IOTA, Stellar, EOS, Tron, Monero, Cardano, etc.<\/p>\n Demo Account<\/strong>: Yes<\/p>\n Educational Material:<\/strong> Yes<\/p>\n Fees:<\/strong> 1% spread<\/p>\n Minimum deposit:<\/strong> 37.04 GBP for UK clients<\/p>\n Special Features:<\/strong> Crypto-staking, Copy Trader function, Smart portfolios<\/p>\n Visit eToro<\/strong><\/span><\/a>\n<\/p> Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more<\/a><\/em><\/p>\n OKX<\/a> is a popular cryptocurrency exchange operating in the UK, providing users with a diverse range of opportunities for crypto trading. With a global user base exceeding 20 million members, OKX stands out as one of the largest trading and investing platforms worldwide.<\/span><\/p>\n This exchange grants access to a vast selection of over 350 cryptocurrencies. Leveraging is available for most of these assets, enabling users to explore short-term, mid-term, and long-term investment prospects.<\/span><\/p>\n <\/p>\n OKX offers premium features like Smart Portfolios, which are strategically curated collections of assets or traders grouped around a common theme. Additionally, the platform incorporates a Copy Trader function, allowing users to replicate trades executed by experienced investors.<\/span><\/p>\n The exchange offers trading with minimal commissions and transparent fee structures, avoiding hidden charges<\/span><\/p>\n Demo Account:<\/strong> Yes<\/span><\/p>\n Educational Material:<\/strong> Yes<\/span><\/p>\n Fees:<\/strong> 0.1% for Market Makers and 0.15% for Market Takers<\/span><\/p>\n Special Features:<\/strong> Staking, Copy Trading<\/span><\/p>\n Visit OKX<\/strong><\/span><\/a>\n<\/p> Your capital is at risk<\/em><\/p>\n Bybit<\/a> is another well-known cryptocurrency exchange, with over 1.6 million users worldwide. It makes use of a customer-centric strategy in order to provide the best possible user experience.<\/p>\n Contrary to eToro, this top platform’s services are based on maker\/taker fees rather than a buy-sell spread. Users have to pay about 0.1 percent in fees for spot trading and about 0.025 percent in rebates for limit orders in margin trading.<\/p>\n <\/p>\n In contrast to Binance, Bybit is considered to have the ‘lowest spread,’ with a maker rebate. Another advantage of using Bybit is that the KYC (know-your-customer) process is not required. You are not required to submit a copy of your license or passport for identity verification unless you want to withdraw more than 2 BTC per day, which is more than most traders require.<\/p>\n Furthermore, this exchange is freely available to all crypto enthusiasts in the form of mobile apps and desktop-based programs. Bybit provides a high degree of leverage, low trading fees, and a market maker rebate.<\/p>\n In addition to crypto trading, the main orders supported on its platform include limit orders, conditional orders, market orders, and partial orders. Since Bybit has an insurance policy in place to protect its users in the event of a loss, this reputable crypto exchange is regarded as the most preferred platform for trading crypto derivatives.<\/p>\n Cryptocurrencies supported:<\/strong> Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Tezos, Chainlink, Cardano, Polkadot, etc.<\/p>\n Demo Account:<\/strong> Yes<\/p>\n Educational Material:<\/strong> Yes<\/p>\n Fees:<\/strong> 0.1% for Bybit<\/p>\n Minimum deposit:<\/strong> None<\/p>\n Special Features:<\/strong> lowest spread, no mandatory KYC process, fewer fees<\/p>\n Regulation:<\/strong> N\/A<\/p>\n Visit Bybit<\/strong><\/span><\/a>\n<\/p> Your capital is at risk<\/em><\/p>\n Binance<\/a> is the leading crypto exchange across the globe in terms of the trading volume. It offers all of its users an amazing crypto trading experience at a low cost. When making purchases on this exchange, users are not required to pay any transaction fees, allowing them to increase their earnings without incurring any additional costs.<\/p>\n Binance allows you to make leveraged spot and margin trades. The fact that it has the most altcoins on its platform demonstrates its dominance among crypto exchanges. Binance uses a volume-based pricing system and all of its users can access MetaTrader 4 software.<\/p>\n <\/p>\n <\/p>\n This software keeps you up to date in real-time on all trends, trades, and alerts. The popularity of the MT4 Binance trading platform can be attributed to the fact that it is one of the most simple and dependable ways to conduct business on the Forex market.<\/p>\n Using this trading platform has a number of advantages, one of which is that it may assist you in learning how to trade and gaining a better understanding of how the entire trading process works. Binance customers can use the “Expert advisors” option to receive a variety of investing recommendations from professional traders in order to increase productivity.<\/p>\n Cryptocurrencies supported:<\/strong> Binance Coin, Dogecoin, Ripple, Ethereum, Cardano, Litecoin, and 100+ other cryptocurrencies<\/p>\n Demo Account:<\/strong> No<\/p>\n Educational Material:<\/strong> Yes<\/p>\n Fees:<\/strong> 0.1% for Binance, reduced to 0.075% if BNB coin is used to pay fees<\/p>\n Minimum deposit:<\/strong> 7.44 GBP<\/p>\n Special Features:<\/strong> supports Metatrader 4 software, no transaction fees<\/p>\n Regulation:<\/strong> Binance is in the process of applying for UK regulation<\/p>\n Visit Binance<\/strong><\/span><\/a>\n<\/p> Your capital is at risk<\/em><\/p>\n With over 10 million members, Coinbase<\/a> is one of the largest crypto exchanges where you can buy and trade a variety of cryptocurrencies such as Bitcoin<\/a>, Ethereum, Dogecoin, and others. One of the advantages of using Coinbase to acquire any cryptocurrency is that you can do so using a variety of payment methods, such as debit\/credit cards, bank transfers, PayPal, and so on.<\/p>\n <\/p>\n Furthermore, Coinbase’s platform only supports spot trading and does not support leveraged trading. Coinbase Pro is a premium feature of this cryptocurrency exchange that allows you to trade with a limit order on the chart. For various transactions, Coinbase has a maximum limit on fees in place. You will be charged when you deposit or withdraw money, as well as when you buy or sell a cryptocurrency.<\/p>\n The total transaction cost on Coinbase is approximately 1.49 percent of the transaction value. For instance, if you want to buy $100 worth of bitcoin with a debit card, you’ll have to pay $1.49.<\/p>\n Coinbase has highly advanced security mechanisms in place on its platform to ensure that your transaction is completely secure. For instance, whenever you log in, it checks for two-factor authentication (2FA) and includes multi-signature logins to protect your cryptocurrencies.<\/p>\n Therefore, Coinbase is the perfect choice for all crypto enthusiasts who are particular about the safety and security standards of any crypto exchange.<\/p>\n Cryptocurrencies supported:<\/strong> Bitcoin, Ethereum, Bitcoin Cash, Aave, Cardano, USD Coin, Dash, Dogecoin, etc.<\/p>\n Demo Account:<\/strong> No<\/p>\n Educational Material:<\/strong> Yes<\/p>\n Fees:<\/strong> 0.1% for Coinbase<\/p>\n Minimum deposit:<\/strong> 37.04 GBP<\/p>\n Special Features:<\/strong> massive customer base, advanced security measures<\/p>\n Regulation:<\/strong> Financial Crimes Enforcement Network (FinCEN)<\/p>\nTop 5 UK Crypto Exchanges – List<\/h2>\n
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Best Crypto Exchange in the UK in November 2024<\/h2>\n
Best Crypto Exchanges in the UK<\/h2>\n
eToro – Overall Best UK Crypto Exchnage<\/h3>\n
\nPros<\/strong>\n\n
\nCons<\/strong>\n\n
OKX – UK Crypto Exchange With High Liquidity<\/h3>\n
\nPros<\/strong>\n\n
\nCons<\/strong>\n\n
Bybit – Best crypto exchange for futures trading<\/h3>\n
\nPros<\/strong>\n\n
\nCons<\/strong>\n\n
Binance Highest trading volume crypto exchange<\/h3>\n
\nPros<\/strong>\n\n
\nCons<\/strong>\n\n
Coinbase – Most popular crypto exchange by no. of users<\/h3>\n
\nPros<\/strong>\n\n
\nCons<\/strong>\n\n