Cryptocurrency

Top 5 Best Crypto Exchange In The United Kingdom

Best Crypto and Bitcoin Exchanges in The UK

In today’s world, most of the trade is done virtually with online money. Stock markets are one of them which have created a huge impact on the world’s economy. Another option for online trade is cryptocurrency. Bitcoin, the best-known cryptocurrency was introduced in 2008-2009. However, many people still don’t consider Bitcoins as an authentic trade due to various factors such as security measures or the fear of losing their assets to hackers. Bitcoin is currently trading at $53,645 with a surge in price over a few months.

For trading in bitcoins and other cryptocurrencies, you need to have a licensed bitcoin or crypto trading platform so that your money remains safe and the transaction details are kept private.

Best Crypto and Bitcoin Exchanges in The UK

1. eToro

Is eToro safe ? The answer to that is yes. eToro is one of the safest and the top 5 best Bitcoin exchanges that you can have in the Uk. It is cost-effective and fully FCA-regulated. So you can trust eToro and proceed with your transactions. In addition to this, it holds licenses with various authorities such as Exchange Commission (CySEC), Cyprus Securities, and FINRA (Financial Industry Regulatory Authority).

Not only eToro offers bitcoin exchange but also provides various other business opportunities such as stock markets, CFD trading, etc. You can buy up to 23 cryptocurrencies in eToro, bitcoin being the biggest one.

the main advantage of eToro is that you don’t have to pay any ongoing platform fees in the Bitcoin exchange. So, if you want to get indulged in a UK crypto exchange, eToro is the best one as it has no hidden charges or costs.  Another thing that makes it more unique than others is its user-friendly interface. It is specially designed so that even beginners can operate it easily. Opening an account in eToro will hardly take a minute or two. You can add money to eToro through various online platforms such as PayPal, Neteller, and Skrill.

In short, you can try eToro as it is a trustworthy website that takes care of your money throughout the exchange process.

Advantages of eToro

  • It offers 23 cryptocurrencies, bitcoin being one of them.
  • It has millions of users
  • Regulated by FCA, so it is authentic
  • It accepts multiple platforms for accepting money such as debit cards, credit cards, online bank transfers, e-wallets, etc.
  • There is no commission fee for bitcoin

Drawbacks

  • The entire platform deals in US dollars.GBP needs to be converted.

Deposit methods

  • PayPal
  • Skrill
  • Neteller
  • Bank transfer
  • Credit and debit cards

Withdrawal

  • Credit and debit cards
  • Neteller
  • Skrill
  • Bank transfer

2. Binance

Binance is the newest developed platform for crypto exchange. It was launched in the year 2017. Though it was originally developed in China it became available globally except in the US. US residents can’t avail of this platform. Binance.US was launched in 2019 for them due to some specific regulations.

The entire platform operates on the pre-set parameters set by the regulator. Apart from offering bitcoin exchange, it has its blockchain and cryptocurrency trading, therefore you can perform various trades other than bitcoin exchange in Binance. You can trade over 300 cryptocurrencies through their online wallet which is known as the Trust Wallet. Signup and the account opening process in Binance are easy. The platform runs smoothly on PC as well as on mobile phones.

Binance is packed with various features to meet the demands of the traders. Some of the features include chart reading tools and indicators. You can also connect your API to third-party platforms. Though it is not regulated by FCA, it is highly reputed for its security reasons and customer care. It also has a Safe Asset Fund for Users or SAFU to cover potential external hacks. An open account with Binance is the best platform for crypto exchange.

Advantages of Binance

  • It is considered the largest exchange in the UK on trading volume
  • More than 300 pairs of cryptocurrencies supported
  • Commission for trading is very minimal
  • High-reputed and secured

Drawbacks

  • A bit complex for beginners
  • It charges 2% for debit and credit card deposits of funds.

Deposit

  • Cryptocurrency
  • Wire transfer
  • Debit and credit card

Withdrawal

  • Cryptocurrency
  • Wire transfer
  • Credit and debit card

3. Coinbase

It is one of the newest platforms and one of the 5 best Bitcoin exchanges. However, don’t get fooled by its young age, it is one of the Best Cryptocurrency exchanges in the UK and a fully regulated cryptocurrency platform. previously, it was designed to allow exchange in Bitcoins only, but with time, it allows its users to trade other cryptocurrencies as well.  Apart from a ca cryptocurrency exchange, it offers various trade-related services as well. It has more than 56 million users, which signifies its popularity among online traders.

It offers a service called Counbase Pro which has an interface that provides online book orders and charting tools. The account opening process in Counbase is easy and very reliable for beginners as well as professional traders. You can browse the assets in which some of which are fully tradable, while the others are added for analysis purposes.

However, it is to be noted that Counbase charges a 3.99% fee when you use a debit card for a fund deposit. The charge is a lot more than 0.5% which is charged by eToro.So, in short, Coinbase is expensive for trading as the trading commission is set at 1.49% on buy and sell orders.

Coinbase provides an additional security control that you can set up. For example, you can set a 48-hour time clock for withdrawal requests and block accounts that aren’t from a genuine IP address. You can also access its mobile app which adds to its convenience

Advantages of Coinbase

  • More than 56 million users
  • User-friendly interface
  • You can deposit or withdraw money through multiple methods
  • FCA regulated
  • It allows the withdrawal of Bitcoins to your private wallet.

Drawbacks

  • A high fee of 3.99% on debit card deposits

Deposit

  • Bank transfer
  • Wire transfer
  • PayPal

Withdrawal

  • Bank transfer
  • Debit card
  • PayPal
  • Wire transfer

4. Coinjar

It is one of the best Crypto exchanges in the UK for people who are new to this cryptocurrency trading world. The platform eases the process of buying and selling digital currencies. The website of CoinJar is free from complex procedures and can be easily handled by a beginner.

You can simply log in using your ID and trade with the cryptocurrencies you wish to. You can also trade various cryptocurrency pairs and the platform provides a full suite of digital currency pairs which are priced against GBP.

Advantages of Coinjar

  • You can have ready-made portfolios of cryptocurrencies
  • Offers quick bank transfers
  • Easy to operate
  • It is regulated by the Australian Transaction Reports and Analysis Centre.

Drawbacks

  • It doesn’t offer multiple technical indicators.

Deposit method

  • Cryptocurrency
  • Wire transfer
  • Debit and credit card

Withdrawal methods

  • Cryptocurrency
  • Wire transfer
  • Debit and credit cards.

5. CoinCorner

CoinCorner can be described simply as an e-cryptocurrency broker rather than a cryptocurrency exchange. The platform is known for its operating speed. It offers only Bitcoin purchases. The platform is specially designed for people who want to hold Bitcoins for a long period. CoinCorner has e end to end account opening process which can be completed in minutes. All you need to do is to register by providing your basic personal information. The next step is to deposit funds with your chosen payment methods.

Advantages of CoinCorner

  • It offers fast trading of Bitcoins and is listed in the top 5 best Bitcoin exchanges.
  • It has an e-reward program for thousands of trades
  • It accepts a variety of payment methods.

Drawbacks

  • It charges high trading fees
  • It charges 2% on debit and credit card deposits.

Deposit

  • Cryptocurrency
  • Wire transfer
  • Debit and credit cards

Withdrawal

  • Cryptocurrency
  • Wire transfer
  • Credit and debit cards

Conclusion

So, the article contains the best crypto exchange UK. However, it is advised to do proper research on the platform on which you want to trade. Authentic ones should be selected for trading. You should also check whether the platform is licensed or not before depositing any amount.

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