The Best Crypto Exchanges in The UK
Cryptocurrencies are becoming the most popular investment option in the past few years. The nature of cryptos and the blockchain technology they are built on attract more and more investors every day. However, with so many digital assets and markets out there, finding the best option for your needs is harder than it may seem.
If you live in the UK, and if you're thinking about joining a crypto exchange, you should know that every platform offers different features. Let's look at the best crypto exchanges in the UK in more detail.
The Best UK Crypto Exchanges for 2022
When choosing the best crypto exchange for your needs, you have to consider various details such as supported digital assets, fees, and, of course, safety. We took all of these into account when creating the list below, and after we've compared their features, we selected the top 5 options in the UK for 2022.
1. eToro
2. Crypto.com
3. Margex
4. Huobi
5. Coinbase
Top 5 Crypto Exchanges in the UK
1. eToro - The Best Crypto Exchange in the UK
eToro is the best crypto exchange in the UK right now, there is no doubt about it. The platform is widely used for buying and selling a variety of different digital assets with the lowest fees. However, the main feature of eToro is its impeccable cybersecurity. eToro is by far the most regulated crypto exchange in the UK, as it's fully regulated by the FCA, CySEC, and other important bodies.
You can open an account and start trading cryptos in only a few minutes. The platform allows you to load your account with funds using bank transfer, debit/credit card, PayPal, etc. The exchange gives you access to over 40 digital currencies, including meme coins, Ethereum, Bitcoin, and many others. Apart from digital assets, eToro also offers users access to stock trading, forex, commodities, indices, and more. It's very user-friendly, so it's a great option for beginners. You can download the eToro app to trade cryptos on the go, and ensure that you never miss a good offer.
2. Crypto.com - The Best Crypto Exchange Mobile App
Crypto.com is another popular option, especially among beginners because it has one of the most user-friendly apps to date. The platform has over 10 million users around the world, with more joining every day. The main reason for that is their app, and the second reason is the super-low 0,4% maker/taker fees.
If you want to know how to buy Bitcoin UK in 2022, this app will make things very easy for you. It has clear tabs with all the options divided into sectors, making it easy to navigate and find what you're looking for. Users can purchases cryptos directly using a credit or a debit card, so they don't have to deposit any funds to get started. The feature is free for the first months, after which it comes with a 2.99% fee.
Since Crypto.com is one of the largest crypto exchanges in the world, it offers users access to over 250 digital assets and a free, non-custodial crypto wallet that supports more than 100 different tokens. The wallet allows you to send cryptos to other wallets almost instantly, which can make a huge difference in crypto trading. Lastly, all users have access to an impressive library of educational articles ideal for beginners.
3. Margex - The Best Crypto Exchange For Margin Trading
Margex is a platform that allows you to trade Bitcoins with high leverage. It's built according to the best margin trading practices, and it's completely legal in the UK. As a user, you can choose your own leverage and you'll be able to see the exact price level when your trade becomes liquidated. The platform makes it easy to track your maximum risks, allowing you to make better decisions on every trade.
The platform comes with all kinds of advanced options and tools you need for technical Bitcoin trading. The interface is packed with various indicators, price alerts, and other features designed to make margin trading as simple as possible. You can customize your dashboard to your own preference and set every alarm trigger manually. But that's not all, the platform also shows you the Bitcoin order book, and a list of recent trades, to help you stay one step ahead of the markets. The trading fee varies from 0,019% to 0,060%.
4. Huobi
Huobi has a different approach to making money on crypto trading, as it focuses on passive income. It's not a classic trading platform, instead, Huobi allows you to create a crypto savings account. The deposits you make are used to give out loans, and you make passive income through high interest.
However, the platform can be used for much more than a simple savings account. It gives you access to hundreds of markets where you can buy and sell many different digital assets including Defi tokens, ERC-20 tokens, and others. You'll have to pay a fee of 0,20% for every trade. Expect extra charges when making deposits from Visa and Mastercard, and the platform no longer supports bank transfers.
5. Coinbase - Excellent Platform For Beginners
Coinbase is the most popular crypto platform among beginners because it's probably the most user-friendly option there is. You can create an account on the site or the mobile app in minutes, and start trading cryptos after loading your profile with at least 50 GPB. The platform gives you access to dozens of cryptos, and you can even buy them directly using a debit/credit card.
When compared to other similar platforms, Coinbase has much higher fees of 3,99%. However, the ease of use and overall security is worth the extra costs. Your cryptos are always protected by a two-step authentication and state-of-the-art encryption. The platform also provides an entire section of educational articles and user guides designed to help you get the most out of every investment. Lastly, the Coinbase wallet allows you to download all digital assets to your phone, so you don't have to worry about online security at all.
Conclusion
When choosing a crypto exchange, you must ensure that you join a regulated platform with reasonable fees. Of course, it should also have the latest cybersecurity features to stop scammers and fraud. Therefore, you should do some research and compare their features before you deposit any money.