Please keep in mind that cryptoassets are a highly volatile unregulated investment product with no UK or EU investor protection. You could lose all the money you put into them.

Best Crypto Exchanges in the UK

Updated On: Jan 23, 2022
Best Crypto Exchange UK

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Contents:

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Best Crypto Exchanges in the UK

We've compiled a list of some of the best crypto exchanges in the UK. These are apps and websites where you can buy Bitcoin, Ethereum, Litecoin and other cryptocurrencies in the UK.

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Please remember that cryptoassets are a highly volatile unregulated investment product with no UK or EU investor protection. You could lose all the money you put into them.

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eToro - Live prices; Crypto wallet; Advanced crypto trading tools

eToro Logo
Minimum Deposit
US$10
Trading Fees
Red Cross Mark
Withdrawal Fees
Green Check Mark
FX Fees
Green Check Mark

eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFDs. With eToro, you have over 115 cryptocurrencies to choose from, including popular coins like Bitcoin, Ethereum and Litecoin. It is entirely free to open an account with eToro, and all registered users receive a US$100,000 demo account for free, which you can use to practice buying crypto and other assets before committing to them. eToro does not charge any deposit or trading fees other than spreads. Trading on the eToro platform occurs in USD, so a conversion fee will apply if you deposit or withdraw in a foreign currency other than USD. Withdrawals incur a fee of US$5, and the minimum withdrawal amount is $50. eToro offers other products, including 0% commission stocks.

Please note: Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Coinbase - Live prices; Crypto wallet; Crypto card; Earn free crypto

Coinbase logo
Minimum Deposit
Β£0
Trading Fees (Maker/Taker)
0.50% - 0.00% / 0.50% - 0.04%
Withdrawal Fees
Green Check Mark
FX Fees
Green Check Mark

Coinbase is a cryptocurrency exchange that allows you to buy, sell and earn popular digital currencies, and keep track of them in one place. With Coinbase, you have over 500 cryptocurrencies and other digital assets to choose from, including popular coins and tokens like Bitcoin, Ethereum, Binance Coin, Dogecoin and Cardano. You can set up recurring trades and invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly. You can also track your trades and monitor market movements via the web app or iOS and Android mobile apps. The Coinbase Wallet allows you to store all your crypto and NFTs in one place, trade 500+ assets on DEXes and earn interest.Β 
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There are multiple fees involved when trading crypto on Coinbase. Fees are calculated at the time you place your order and may be determined by a combination of factors, including the selected payment method, the size of the order, and market conditions such as volatility and liquidity.

Please note: Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk.

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Gemini - Live prices; Crypto wallet; Beginner-friendly

Gemini Logo
Minimum Deposit
Β£0
Trading Fees (Maker/Taker)
0.25% - 0.00% / 0.35% - 0.03%
Withdrawal Fees
Green Check Mark
FX Fees
Green Check Mark

Gemini, founded by Tyler and Cameron Winklevoss, is an easy-to-use cryptocurrency exchange suitable for both beginners and advanced crypto traders. Gemini makes it simple to research the crypto market, buy Bitcoin, Ethereum and 50+ digital currencies, and build a portfolio of cryptocurrencies and tokens. With Gemini, you can trade assets, manage your holdings, and set recurring trades and dynamic price alerts. You can also track your trades and monitor market movements via the web app or iOS and Android mobile apps. UK customers can access the Gemini Exchange, which offers various beginner-friendly and advanced crypto trading tools. Gemini allows users to choose a default currency from GBP, USD, AUD, CAD, EUR, HKD and SGD. UK customers can also access the Gemini wallet, which lets you store all your assets in an insured hot wallet or institutional-grade cold storage system.Β 
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There are multiple fees involved when trading crypto on Gemini, including transaction fees, Maker-Taker fees and withdrawal fees depending on whether you access the Gemini Exchange via the mobile app, web app or ActiveTrader interface. Gemini charges between Β£0.75 - 1.49% for mobile and web app trades and Maker-Taker fees for orders placed via ActiveTrader.
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Please note: Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk.

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Blockchain.com - Live prices; Crypto news; Limit orders; Wallet

Blockchain.com Logo
Minimum Deposit
Β£0
Trading Fees
(Maker/Taker)
0.20% - 0.00% / 0.40% - 0.06%
Withdrawal Fees
Red Cross Mark
FX Fees
Green Check Mark

Blockchain.com Exchange is the crypto exchange of Blockhain.com, an early pioneer of key infrastructure for the Bitcoin community. Blockchain.com created Blockchain Explorer that not only enabled anyone to examine transactions and study the blockchain but also enabled companies to build on Bitcoin. It also boasts of a trendy crypto wallet that allows anyone anywhere to control their own money. The Blockchain.com Exchange allows you to buy, sell and trade Bitcoin and other cryptocurrencies with your credit card, debit card or by linking your bank. You can trade crypto in multiple currencies, including GBP, USD and EUR. There are over 81 trading pairs on the Blockchain.com Exchange, including BTC, ETH, DeFi, Stablecoins, and more. Advanced traders will particularly enjoy the robust and customisable charting available on Blockchain.com. With integrated charts from TradingView, you can customise your charts with hundreds of technical studies and drawings. From candlesticks to fibonaccis, you can create your customised lens into the crypto markets. You can also take control of your trades and stay on top of the market with limit orders and crypto news.

There are multiple fees involved when buying and selling cryptocurrency on Blockchain.com, including maker fees, taker fees and market spread depending on your trading volume.

Please note: Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk.

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Bitpanda - Automatic investing; Crypto card; Beginner-friendly

Bitpanda logo
Minimum Deposit
€25
Trading Fees
1.49% - 0.10%
Withdrawal Fees
Red Cross Mark
FX Fees
Green Check Mark

Bitpanda is an easy-to-use multi-asset investment platform that allows you to invest or trade in stocks, crypto and metals. With Bitpanda, you have over 50 cryptocurrencies to choose from, including popular coins and tokens like Bitcoin, Ethereum and Polkadot. It is entirely free to open an account with Bitpanda, but you need to deposit a minimum of €25 to start trading or investing. Once you start investing, you can choose to swap your cryptocurrencies with stocks, precious metals and other Bitpanda assets whenever you want. You can also set up automatic and recurring daily, weekly or monthly payments and invest in your favourite digital assets over time. Bitpanda allows you to deposit and withdraw in multiple currencies including, GBP, CHF, EUR, TRY and USD. You also get a free crypto card which you can use to spend your crypto like cash. You can upgrade to Bitpanda Pro for more advanced features, including professional trading solutions, price matching capabilities and fully automated clearing, settlement and netting processes.
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There are multiple fees involved when trading crypto on Bitpanda. All fees for buying and selling cryptocurrencies and digital assets are already included in the offered prices. This means you will always receive the exact amount of coins or fiat that is shown on the order confirmation page. Bitpanda currently has over 3 million users across multiple countries.

Please note: Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk.

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Coinsmart - Beginner-friendly; Advanced crypto trading tools

Coinsmart logo
Minimum Deposit
Β£0
Trading Fees
0.20% - 0.30%
Withdrawal Fees
Green Check Mark
FX Fees
Green Check Mark

Coinsmart is an easy-to-use crypto exchange on a mission to make cryptocurrency accessible to everyone. It is designed to be a simple crypto-trading platform that anyone can use and understand. With Coinsmart, you can buy and sell Bitcoin, Ethereum, Litecoin and other digital currencies quickly and easily on desktop and mobile. There are multiple fees involved when trading crypto on Coinsmart. Some of the fees include withdrawal fees (depending on your withdrawal method) and trading fees.
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Please note: Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk.

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Revolut - Round ups; Automatic investing; Beginner-friendly

Revolut logo
Minimum Deposit
US$1
Trading Fees
1.50% - 2.50%
Withdrawal Fees
Red Cross Mark
FX Fees
Green Check Mark

Revolut is a personal finance and money management app that allows you to invest in Bitcoin, Ethereum and other tokens in 30+ currencies from as little as US$1. With Revolut, you can stay on top of market movements, receive notifications when crypto hits your desired prices and enjoy the latest market news directly in-app. Revolut also allows you to round up your spare change and invest the difference in any cryptocurrency of your choice (subject to availability on the platform). Revolut charges a single, fixed fee for crypto conversions. This fee is 2.5% for Standard and Plus users (and 1.5% for Premium and Metal users). Revolut does not charge you any other fees for this service. Click here to learn more about Revolut’s fees. Revolut also has other products, including savings accounts, investment accounts, currency exchange and international money transfers.

Please note: Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk.

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Bitstamp - Advanced order types; Analytical tools; Beginner-friendly

Minimum Deposit
Β£0
Trading Fees
0.50% - 0.00%
Withdrawal Fees
Green Check Mark
FX Fees
Green Check Mark

Bitstamp was established inΒ  2011 and is one of the oldest cryptocurrency exchanges in the market. With Bitstamp, you can buy, sell and earn 50+ cryptocurrencies and tokens, including Ethereum, Bitcoin, USDC and Cardano. You can buy cryptos instantly with your standard payment card or via your bank account. Bitstamp is suitable for both beginners and advanced crypto traders. The mobile app features advanced order types and analytical tools for experienced traders and a simple buy and sell interface for those just getting started. Bitstamp also has a web app if you prefer to carry out your trades on the web. You can also access live crypto prices, four order types, real-time charts & order book and a range of analytical tools.
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The minimum trade amount (order size) is Β£20. There are multiple fees involved when trading crypto on Bitstamp. Depending on how you choose to trade, you would have to pay a trading fee, FX fee and market spread. There is a withdrawal fee of Β£2 for faster payments and 5% for card transactions.

Please note: Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk.

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What are Crypto Maker-Taker Fees?

Crypto Maker-Taker fees are transaction fees charged by crypto exchanges. When you place an order that provides liquidity to the market, it's called a 'maker' order. When you place an order that takes liquidity away from the market, it's called a 'taker' order. Not all crypto exchanges featured on Koody charge Maker-Taker fees, but those that do, are highlighted above.

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What is Cryptocurrency?

Cryptocurrency is digital money designed to be used over the internet. Like any type of money, cryptocurrencies can be used to transfer value from one person or institution to another. If you think of all the things you can currently do with the money in your bank account or the physical cash in your wallet, like buying products and receiving it as payment for work done, crypto is designed to do them and more.


Unlike other types of currencies, cryptocurrencies are not issued by the government or central bank, and you can use them without the help of a middleman like a bank or payment processor.


You can also buy, sell, invest and trade cryptocurrencies on exchanges. Crypto exchanges are like regular stock exchanges where you can buy and sell different types of assets. When you trade or invest in crypto, its value can drop or rise in correspondence with demand and supply, and you could lose all the money you put into it.


There are thousands of cryptocurrencies in the world today, but the most popular ones are bitcoin, ethereum, dogecoin, bitcoin cash and litecoin. Bitcoin was the first cryptocurrency ever created. It was launched in 2008 and remains the most popular cryptocurrency in the world.


The first part of the term, crypto, originates from the Greek word kryptos, which translates as 'hidden'. Cryptocurrency transactions are often protected through cryptography to keep them private and secure from anyone not involved in the transaction. These transactions are vetted by a technology called a blockchain.


A cryptocurrency blockchain is similar to a bank's ledger or database. But instead of being managed by one bank, it is distributed across the different participants of the cryptocurrency's entire network. No person, company, bank, or authority controls the blockchain, and anyone can participate.


To learn more about cryptocurrencies and blockchain technology, read what is cryptocurrency.

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Tax on Cryptocurrency in the UK

Most people hold cryptocurrency as a personal investment, usually to make a profit. For this reason, HMRC requires you to pay Capital Gains Tax (CGT) when you make a gain on cryptoassets in the same way you pay CGT when you sell other assets like stocks.

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Therefore, anyone who makes a profit from selling cryptocurrencies will pay taxes on the portion of the profit above Β£12,300.

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This Β£12,300 is your annual CGT allowance, and any profit made above it is usually subject to Capital Gains Tax. For example, if you sold your bitcoin and made a profit of Β£14,000, you will have to pay tax on Β£1,700 (that is Β£14,000 - Β£12,300).

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It is also important to highlight that the CGT allowance of 12,300 also applies to investment gains from stocks and shares. So if you've already used up your CGT allowance on stocks, for example, you will have to pay tax on your crypto profits.

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You will also be liable to pay Income Tax and National Insurance contributions on cryptoassets which you receive from:

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  • your employer as a form of non-cash payment
  • mining, transaction confirmation or airdrops

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For more information on taxes on cryptocurrency, please read the Government's guidance.


Frequently Asked Questions

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1. What is blockchain?

A blockchain is a specific type of database containing a list of transactions that anyone can view and verify. In the case of bitcoin, the bitcoin blockchain is a record of every time someone buys or sells bitcoin. Click here to learn more.

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2. How do I trade cryptocurrency?

To trade cryptocurrency, you first need to decide what type of cryptocurrency you want to invest in and which platform to use. To learn about each cryptocurrency, you can visit a crypto exchange like Coinbase, which shows you pricing and other information about cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC) and many more. Once you decide on the cryptocurrencies you want to buy, you need to choose a crypto exchange where you buy, trade or invest crypto.

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You can store your cryptocurrency online or offline. The most popular way to store cryptocurrency is online in a crypto exchange or wallet. Crypto exchanges and wallets allow you to securely store, send, receive and convert crypto using your computer, tablet or smartphone.


3. Where is the best place to buy cryptocurrency in the UK?

Here are some of the best places to buy bitcoin and other cryptocurrencies in the UK:

  • eToro - Live prices; Crypto wallet; Advanced crypto trading tools
  • Coinbase - Live prices; Crypto wallet; Crypto card; Earn free crypto
  • Revolut - Round ups; Automatic investing; Beginner-friendly
  • Bitpanda - Automatic investing; Crypto card; Beginner-friendly
  • Coinsmart - Beginner-friendly; Advanced crypto trading tools
  • Gemini - Live prices; Crypto wallet; Beginner-friendly

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4. Are cryptocurrencies safe?

Cryptocurrencies are safe, provided you are careful and are aware of the risks. The most significant risks are scams since cryptocurrency is still new. Be careful when carrying out cryptocurrency transactions and keep your private key safe and, above all, private.Β 


5. Are cryptocurrencies regulated?

Cryptocurrencies are not regulated in the UK. However, some crypto exchanges such as Coinbase, eToro and Revolut are registered with the Financial Conduct Authority (FCA). The FCA's position on cryptocurrency is that "Cryptoassets are considered very high risk, speculative investments. If you invest in cryptoassets, you should be prepared to lose all your money. You are unlikely to have access to the Financial Ombudsman Service (FOS) or the Financial Services Compensation Scheme (FSCS) if something goes wrong." To learn more about the FCA's position on cryptocurrencies, read its guidance.Β 


Cryptocurrency is perfectly legal, provided you pay tax on profits made when you dispose of your cryptocurrencies, as required by HMRC. Additionally, try to avoid "meme coins" or coins going viral on social media and Reddit. Buying those kinds of coins typically ends up badly. If you also avoid cryptojacking or other illegal ways of obtaining cryptocurrency, you are entirely within your right to invest and carry out transactions using cryptocurrency.


7. Can the government track your cryptocurrency?

Although primers of cryptocurrency have said that bitcoin "can be used to buy merchandise anonymously", cryptocurrencies, despite their reputation, are not anonymous. They are pseudo-anonymous.

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Even though no banks or external authorities are involved, and the transaction only happens between a buyer and seller, by linking the transaction to the fixed wallet address and maintaining a public record on every transaction made on their blockchains, financial activity can be monitored.

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‍The USA has made matters even more complicated by proposing a rule which states that all transactions over US$10,000 involving self-hosted wallets must be reported to FinCEN. However, this rule only applies to the USA and will not affect the UK. This controversial rule is designed to deter people from making cryptocurrency using illegal schemes. However, such rules tarnish the idealised image of autonomy that cryptocurrencies are trying to bring into reality.


8. What are the benefits of cryptocurrency?

The overarching benefit of cryptocurrency is that no external authorities such as central banks or intermediaries like payment processors are involved in the transaction. Every transaction occurs on a peer to peer level between the buyer and seller. This gives control and privacy back to each person involved in a transaction. It also allows users to keep away from using banks or financial institutions that might have questionable financial policies or practices.

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9. Is crypto real money?

Cryptocurrency acts very similarly to real money in that it is a medium of exchange of value. Still, it is not considered a currency in the way it is taxed but rather an asset. Cryptocurrency also exists digitally only, and there is no physical version of it in coins or notes. Therefore cryptocurrency is in many ways like real money, but just not physical money.


10. How do I get cryptocurrency?

To get cryptocurrency, you can either mine it or buy it off someone who owns the type of cryptocurrency you want. Buying or selling crypto is called a trade and can be carried out via crypto exchanges.

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The most common way to acquire crypto today is by buying it on a crypto exchange such as Coinbase or eToro. To buy crypto, you can use the cash in your bank account or exchange your existing crypto for another.

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Cryptocurrency mining involves solving complex mathematical equations with the goal of earning some cryptocurrencies. These equations validate blocks of transactions, and each block is added to the blockchain. The first computer to solve the complex equation or algorithm gets rewarded with some cryptocurrencies.


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