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Best Crypto Exchange UK for 2022 Revealed

Best Crypto Exchange UK for 2022 Revealed
Written by publishing team

If you are based in the UK and interested in trading Bitcoin, you will need to register an account with the top-rated UK cryptocurrency exchange.
There are hundreds of Bitcoin exchanges to choose from – most of them operate without a regulatory license. Therefore, you have to choose wisely before risking any capital.
In this guide, we discuss the best UK Bitcoin exchanges right now based on a number of key metrics – such as regulation, fees, supported markets, and ease of use.
List of UK Cryptocurrency Exchanges – Quick Overview
If you are short on time and simply need an overview of the best UK Bitcoin exchanges at the moment – consider the three providers mentioned below.

  1. eToro – Best UK Bitcoin Exchange Overall
  2. Coinbase – Easy-to-use Bitcoin exchange with high fees
  3. Binance – Low Cost Bitcoin Exchange without Regulatory Mode

>>> Buy Cryptocurrencies on the Best Crypto Exchange <<
Get started with the UK’s best crypto trading platform today – 5-minute tutorial
If you want to start trading cryptocurrency right now – our quick launch guide below shows you how to get started with the best UK Bitcoin exchange – eToro, in less than five minutes.
The platform is regulated by the FCA and allows you to buy and sell Bitcoin from just $10 (around £7).

  • Step 1: Opening an account – Visit the eToro website and open an account by entering your personal and contact details.
  • Step 2: Upload ID – Since eToro is regulated by the Federal Financial Conduct Authority (FCA), it will require a copy of your passport or driver’s license – which will be verified immediately.
  • Step 3: Deposit funds – Deposit some funds into your new eToro account using a UK debit/credit card or e-wallet such as Paypal. UK bank transfers are also supported.
  • The fourth step: Search for Bitcoin – Enter “Bitcoin” in the search bar and click the “Trade” button.
  • Fifth step: Buying Bitcoin – Finally, to buy Bitcoin, enter your stake (minimum $10). Click Open Trade to complete your Bitcoin purchase.

And that’s it – you just learned how to buy cryptocurrency on the UK’s number one Bitcoin exchange – eToro.
>>> Buy Cryptocurrency Now with eToro <<
Best Bitcoin Exchange UK – Complete Reviews
When searching for the best Bitcoin exchanges in the UK, you have to consider a whole host of metrics. Important factors include the amount of bitcoin exchange fees in commissions, the markets they support, and whether or not they accept your preferred payment method.
With all this in mind, below you will find complete reviews of the best UK Bitcoin exchanges at the moment.
1. eToro – Overall UK Cheapest Cryptocurrency Exchange
We found eToro to be one of the best Bitcoin exchanges in the UK for several primary reasons. First of all, unlike the vast majority of bitcoin exchanges active in the industry, eToro is regulated by the Financial Conduct Authority (FCA). As such, you can safely buy, sell and trade bitcoin.
eToro is also easy to use in all sections. For example, not only is the platform easy to use, but you can easily deposit money with a UK debit/credit card. Other supported payment methods include Paypal, Skrill and UK bank transfers, and the minimum deposit to start is an affordable $50 (around £35).
What we also love about this top rated exchange is that you can buy Bitcoin from just $10. This allows you to immerse yourself in the bitcoin trading scene without having to risk large amounts of capital. When it comes to fees, this is where eToro truly occupies a leading position in the market.
In short, you can trade bitcoin on a spread only basis – which means that instead of paying a commission, you simply need to cover the increase between the buy and sell price. At eToro, this starts with a very competitive rate of 0.75%. Finally, eToro offers dozens of other digital assets in addition to Bitcoin – including Ethereum, Ripple, Litecoin, Dogecoin, and Shiba Inu.
>>> Buy Cryptocurrency Now with eToro <<
2. Coinbase – Easy-to-use Bitcoin exchange with high fees
Another Bitcoin that is fairly popular in the UK is Coinbase. The exchange was launched in 2012 – making Coinbase one of the most established companies in the field. Coinbase targets its exchange for casual traders with little or no experience trading bitcoin.
However, the main drawback here is that Coinbase is quite expensive. For example, if you want to buy Bitcoin directly with your Visa or MasterCard, a commission of 3.99% will be charged.
This means that by buying Bitcoin worth £200, you will pay approximately £8 in fees. You can also add money to your account via bank transfer. Although this is free, you will need to wait several days for the funds to arrive.
After that, you will need to pay a standard trading commission of 1.49% when you proceed to buy Bitcoin. As such, when comparing Coinbase’s fee structure with eToro, it is clear that there are much cheaper options on the market.
>>> Buy Cryptocurrency Now with eToro <<
3. Binance – Low Cost Crypto Exchange Without Regulatory Status
In terms of customer accounts and trading volume, the Binance platform is actually the largest Bitcoin exchange globally. Traders are drawn to Binance for a number of reasons – especially when it comes to fees. After all, the most you will pay for trading bitcoin and other backed digital assets is just 0.10%.
On top of that, Binance offers a huge selection of marketplaces on its platform – with over 100 cryptocurrencies that you can buy, sell and trade with just a click of a button. However, it is important to note that Binance is not regulated in the UK.
In fact, Binance is not licensed in any one jurisdiction, so it is important to keep in mind. Moreover, the FCA recently opened an investigation into Binance due to its unregulated status. In contrast, the Bitcoin exchange no longer supports UK bank account deposits or withdrawals.
This means that if you want to cash out your Bitcoin earnings, you will need to go through the hassle of withdrawing your tokens to an alternative exchange.
>>> Buy Cryptocurrencies with Binance Now <<


How to Find the Best Bitcoin Exchanges in the UK
It is important when searching for the best Bitcoin exchanges in the UK, that you have a checklist of basic metrics to check before you sign up.
In the sections below, we have outlined the main factors to consider before choosing a Bitcoin exchange.
Regulation and safety
Make no mistake about it – the vast majority of Bitcoin exchanges that serve UK clients are unregulated. As such, this is against the guidance of the Financial Conduct Authority (FCA).
Fortunately, you have an exchange like eToro – which is licensed and regulated by the FCA to provide cryptocurrency services in the UK market.
This means that when you choose eToro as your Bitcoin trading platform, you can buy and sell cryptocurrencies without having to worry about the safety of your funds.
Once you open an account with your chosen bitcoin exchange, you will be asked to fund it. After all, you will not be able to buy Bitcoin without first having enough account balance.
This is where UK Bitcoin exchanges can differ – in terms of payment methods supported and fees applied.
For example:

  • We mentioned earlier that Coinbase allows you to deposit money with a UK debit or credit card – which is great. However, you will need to pay a huge transaction fee of 3.99% in order to have fun.
  • In comparison, eToro only charges 0.5% for depositing funds with a debit or credit card – which is charged for converting GBP to USD.

Note that some of the Bitcoin exchanges we came across only accept payments in digital currency – so be sure to check this out before you sign up.
>>> Buy Cryptocurrency Now with eToro <<
You will need to pay a commission to buy and sell bitcoin online. Again, this will vary across Bitcoin exchanges.
For example, Coinbase has a standard commission of 1.49% in effect. This means that when you buy Bitcoin, you will pay 1.49% of the total investment amount. Then, when you sell Bitcoin on Coinbase, you will again pay this 1.49% commission.
On the eToro platform regulated by the Federal Financial Conduct Authority (FCA), you will only need to cover the spread. As mentioned earlier, this stands at a competitive 0.75% when trading bitcoin.
>>> Buy Cryptocurrency Now with eToro <<
This brief article reviewed the best Bitcoin exchanges in the UK. We’ve also discussed the most important metrics to consider before choosing an exchange – with a strong focus on regulation, payments, and commissions.
In short, we found eToro to be the best Bitcoin exchange overall in the UK – not least because the platform is FCA regulated and offers very low fees. It was also approved as the UK’s best crypto exchange Reddit.
In addition, when using eToro, you only need to meet the minimum investment of $10 when buying Bitcoin – which is around £7.

Disclaimer: Content produced by CryptoPR


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