Since crypto has been recognized by the FCA as an asset, the fear around investing in crypto has since softened. With so many options available on the market, finding the best crypto exchange in the UK that is secure and easy to use is not as easy as it seems. First, you need to consider if the exchange has SAFU, then a formidable double-encrypted security system.
To help make your decision-making easier and faster, we asked around, researched, and tested dozens of exchanges first-hand, and narrowed your choices down to the top 10 most reliable platforms.
When you read through, you will learn more about our recommendations, and we will also show you which key areas to focus your research on when choosing the best place to buy crypto in the UK. Even though there are some of the best crypto tax software to make taxation easy, we will discuss crypto taxation in the UK, walk you through the process of joining a crypto exchange, and how to get your account ready for trading.
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
Since its debut in 2017, Binance has established itself as the premier global cryptocurrency exchange. Handling billions of transactions daily, it has built a massive user base and offers an unparalleled selection of features. Although Binance operates globally, its US services are restricted to a separate subsidiary.
The platform supports trading for more than 350 cryptocurrencies and thousands of pairs. Binance’s features include spot trading, staking, futures trading with up to x125 leverage, and margin trading. Users can also access P2P transactions, automated bot trading, and copy trading.
Fiat deposits are available in over 100 currencies via multiple payment methods. Binance uses a tiered fee system, reducing costs for high-volume traders and offering extra savings for payments made in BNB tokens.
Pros
Largest trading volume globally with 350+ cryptocurrencies
Extremely competitive fee structure (0.1% standard, can be reduced with BNB)
Comprehensive ecosystem including launchpad, staking, and lending
Advanced trading features and analytics
High liquidity across trading pairs
Cons
Interface can be overwhelming for beginners
Regulatory challenges in various jurisdictions
Suffered a major hack in 2022, though user funds were covered by the SAFU fund
Customer service response times can be lengthy
Phemex is a Singapore-based cryptocurrency exchange that launched in 2019. Known for its comprehensive offerings, it serves traders globally but excludes the US due to regulatory restrictions.
The platform supports 250+ cryptocurrencies and provides services like spot trading, futures with leverage up to x100, and staking. Fiat deposits are available through various methods, including credit cards.
Good variety of cryptocurrencies
Competitive trading fees
Registered as an MSB in the USA
Regularly discloses its proof-of-reserves
Many ways to trade (spot, futures, copy, P2P, etc)
Prohibited in some countries, including the UK and USA
Operates in a regulatory grey area
ECXX is a simple crypto exchange established in 2019. It provides users with access to 30 cryptocurrencies denominated in USDT. The responsive platform offers TradingView integration, which is ideal for performing detailed analyses. However, while testing the platform, I was unable to confirm my email, limiting my access to ECXX’s features.
ECXX users can deposit and withdraw crypto, but fiat currencies are unsupported. While it offers an Initial Exchange Offering (IEO) launchpad and staking system, both were unpopulated during our research. Trading fees on EXCC are reasonable, at 0.2% for all orders. Withdrawal costs vary by asset.
An order book interface so traders can see where liquidity is
TradingView integration for performing analysis
A simple interface makes navigation easy
Relatively competitive trading fees
Low-cost withdrawals
The registration process is not working correctly
No support for fiat currency purchases, deposits, or withdrawals
Limited variety of cryptocurrencies
XT Exchange, founded in 2018, is a global cryptocurrency trading platform with a presence in multiple regions, including Asia, Europe, and the Middle East. It offers a comprehensive suite of services such as spot, margin, and futures trading, as well as OTC and P2P trading. The platform supports over 500 cryptocurrencies and provides leverage up to 125x on selected assets. XT Exchange is known for its high-performance trading engine, robust security measures, and social trading features.
Users generally appreciate the platform's competitive fees, fast account verification, and the reliability of its trading apps. However, there are recurring complaints about customer support responsiveness and occasional withdrawal delays. Educational resources are limited, which may make it less suitable for beginners seeking guidance. The platform does not offer managed investment programs, focusing instead on direct trading and mining options.
Wide selection of cryptocurrencies and trading pairs
Supports spot, margin, futures, OTC, and P2P trading
High leverage available (up to 125x)
Competitive trading fees and fast account setup
Robust security protocols, including cold storage and layered architecture
Some users report slow or unhelpful customer support
Occasional withdrawal delays
Limited educational resources for beginners
No managed investment programs
Launched in 2012, Bitfinex is one of the oldest cryptocurrency exchanges. It is widely recognized for its robust trading features and consistent performance but is unavailable to US users.
The exchange supports more than 270 cryptocurrencies and includes services like spot trading, derivatives trading with leverage up to x100, staking, and borrowing. Fiat deposits can be made in USD, EUR, GBP, and JPY. The platform’s tiered fee structure incentivizes traders with higher volumes.
Pros
Advanced trading features, including margin trading up to 10x
High liquidity for major trading pairs
Over 170 cryptocurrencies available
Low fees for high-volume traders
P2P financing marketplace
Advanced order types for sophisticated strategies
Cons
Complex interface not suitable for beginners
History of security and regulatory issues
Not available to US customers
High minimum deposit requirements
Controversial due to Tether relationship
Launched in 2018, YouHolder is a crypto exchange and loans platform available worldwide, except in a few countries, such as the USA and Canada. The exchange lets people trade 110 cryptocurrencies after depositing via crypto or fiat (credit/debit card, wire, bank transfer, SEPA). It also supports many fiat currencies, including EUR, USD, GBP, and CHF.
While the exchange already offers up to 70x leverage, YouHolder’s Turbocharge tool lets people buy crypto with funds borrowed using their holdings as collateral. It also provides a crypto-loans feature, enabling users to borrow funds using their crypto without triggering a taxable event. MultiHODL trades charge an hourly rollover fee of 0.02%. No fee is listed for conversions.
Provides access to a reasonable amount of leverage
Users can borrow based on their crypto holdings
MultiHODL lets people boost profits and losses through a series of crypto loans
Available in many countries with local currency support
A good variety of large and small cryptocurrencies
Confusing fee structure, no listed costs for regular trades
Unavailable in the USA and Canada
eToro, headquartered in Israel, began as a social trading platform and expanded into the cryptocurrency market in 2013. Today, it operates in more than 100 countries, offering a streamlined and regulated experience for both novice and experienced traders.
The platform allows users to trade over 100 cryptocurrencies and supports 50 trading pairs. Key features include staking for select coins and CFD trading with leverage.
Fiat deposits can be made using PayPal, Skrill, and bank cards. All crypto transactions are subject to a flat 1% fee.
Pioneer in social trading with CopyTrader functionality
User-friendly interface ideal for beginners
Combines traditional assets (stocks, ETFs) with crypto
Strong educational resources
Regulated in multiple jurisdictions
Portfolio diversification tools
Higher fees than crypto-specific exchanges
Limited cryptocurrency selection
No external wallet transfers for some regions
Spread-based fee model can be costly during volatility
Focus on retail traders rather than serious crypto enthusiasts
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
Bitpanda is a European-based crypto exchange renowned for its seamless user experience and wide range of payment options. The platform is tailored for both beginners and intermediate users, offering a straightforward way to buy, sell, and manage cryptocurrencies alongside precious metals and stocks.
One of Bitpanda’s biggest strengths is its support for multiple fiat currencies and payment methods, including bank transfers, credit cards, and even online wallets. This flexibility makes it easy for users to fund their accounts and withdraw earnings. Bitpanda also features a clean, easy-to-navigate interface that appeals to those just starting their crypto journey.
Security is a priority for Bitpanda, with features like two-factor authentication and mandatory verification for withdrawals. While the platform is not regulated by a major financial authority, it has built a reputation for reliability and transparency. Bitpanda’s customer support is responsive, and the platform offers educational resources for users.
Supports multiple fiat currencies and payment methods
User-friendly interface
Strong security protocols
Responsive customer support
Limited range of cryptocurrencies
Higher fees compared to some exchanges
Lacks advanced trading features
Not regulated by a major authority
Zengo stands out as one of the best crypto wallets in 2025 by offering a unique keyless security model. Instead of relying on traditional seed phrases, Zengo uses Multi-Party Computation (MPC) combined with three-factor authentication, making it easier and safer to recover accounts without the risk of losing access.
This mobile-first wallet supports over 320 cryptocurrencies on multiple blockchains, catering to users who want a seamless experience without sacrificing security. Zengo also offers built-in features like crypto buying, selling, swapping, and staking, all accessible through a sleek and intuitive app interface.
Zengo provides fiat on-ramp and off-ramp services, making it convenient for users to convert between crypto and traditional money. While it doesn’t support desktop or browser extensions, its mobile security features, including biometric authentication and a Web3 firewall, position it as an excellent choice for everyday crypto management.
Keyless security with MPC and 3FA for safer recovery
Supports a wide range of cryptocurrencies
Integrated fiat on/off ramps and swapping
Easy-to-use mobile app with biometric security
Access to staking and dApps
Exchange fees can be relatively high
Limited staking options compared to competitors
No desktop or browser extension support
Not fully open source
Founded in 2014, EXMO is a crypto trading platform that serves over one million users globally. It offers a reasonable selection of 95 cryptocurrencies split into 200+ trading pairs, providing ample opportunities. As EXMO operates around the world, it supports a range of fiat currencies, including USD or PLN, and local payment methods like AdvCash.
The platform offers a spot exchange for trading and investing, as well as an instant buy system for purchasing crypto via USD using Mastercard or Visa. Users can invest in crypto bundles (a selection of related cryptocurrencies) or boost their portfolio with EXMO’s staking/yield farming products.
Fees vary by trading pair. Crypto/crypto purchases cost 0.1%, crypto/USDT costs 0.2%, and crypto/fiat pairs start at 0.3%. Fees can be reduced with trading volume or via the EXMO Premium monthly service. The instant buy system charges a flat 0.1% commission.
Reasonable spot trading fees
Good selection of cryptocurrencies and trading pairs
Support for a variety of local currencies
Crypto bundles make diversification simple
EXMO Premium can pay for itself for high-volume traders
Its confusing fee structure could cause trouble for beginners
Restricted in certain countries like the United Kingdom
Exchange | Trading Fees | Security Features | Supported Coins | Licenses | Deposit & Withdrawal Methods |
---|---|---|---|---|---|
LBank | Spot: 0.1% to 0.2% based on the asset // Futures: 0.02% (maker) and 0.06% (taker) | 2FA, security educational guides, encryption | 1,499 | USA NFA, USA MSB, and Canada MSB. | Crypto, Bank Transfer, Apple/Google Pay, Volet, Revolut |
eToro | 1% When Opening or closing a position + 2% transfer fee for moving crypto off eToro | 2FA, secure storage of user funds, encryption for personal data, ISO 27001 certificate | 100+ cryptocurrencies | Licensed by FCA (UK), CySEC, DND, Bank of Spain, OAM, BaFin (Europe), MFSA (Malta), ASIC (Australia), FSAS (Seychelles), FinCEN (USA) | Debit/Credit Card, Bank Transfer, eToro Money, iDEAL |
Gemini | 0.20% (maker) and 0.40% (taker) // instant or recurring orders: 1.49%, + a 1% convenience fee | 2FA, Cold Storage, address allowlisting, multi-signature wallets, ISO 27001, and SOC 2 Type 2 certified | 81 | Bitlicense (New York), Licenses in every US State, in-principal approval from the Malta Financial Services Authority | Crypto, ACH, Wire, Debit Card, Google/Apple Pay, Bank Transfer (EUR & GBP), FAST (SGD), PayPal, CUBIX, xPULSE, Plaid Direct (UK & Europe) |
Coinbase | Advanced Trade: 0.60% (maker) and 1.20% (taker). Variable spread on the basic Coinbase platform | 98% cold storage, 2FA, 1:1 customer asset reserve, public company, | 298 | Licensed in 47 states, FCA (UK), BaFin (Germany), Central Bank of Ireland, | Crypto, Easy bank transfer, credit/debit card, PayPal, wire, SEPA, or ACH. |
WEEX | 0.10% | 2FA, Cold Storage, Encryption, anti-phishing code, 1000 BTC insurance fund | 971 | Registered MSB in the USA and Canada
|
Crypto |
Kraken | Spot: 0.25% (maker) 0.40% (taker), Stablecoins: 0.2%, Futures: 0.02% 0.05% | 24/7 in-person surveillance of crypto infrastructure by armed guards, 2FA (not SMS based), bug bounty program, sensitive data encryption, real-time threat monitoring | 418 | MSB, FinCEN (USA), FCA (UK), MSB by FINTRAC (Canada), CySEC (Cyprus), ASUTRAC (Australia), VASP (Belgium), AMF (France), BaFin (Germany), OAM (Italy), | Person, Wire, Interac e-Transfer (CAD), Bank Transfer, PayPal RTGS (AUD), FPS, PayPal (GBP), SIC (CHF), SWIFT (JPY), PIX (BRL) |
Bitget | 0.1% and 0.02% / 0.06% (futures) | 2FA, additional passkey system, anti-phishing code for communications, regular audits, proof of reserves, 200% backing of customer funds | 1341 (many have zero volume or supply) | FCA regulated via partnership with Archax, MSB Registered (not much info) | Credit/debit cards, bank transfer, crypto, local payment methods via P2P market or third parties |
Changelly | Variable Spread, 0.25% for Changelly's service fee, 0.1% for spot trading on Changelly Pro, 0.02% / 0.05% for futures on Changelly Pro | Non-Custodial, 2FA, Encryption | 1000+ (38 Changelly Pro) | Not Licensed / Regulated but Complies with AML / CTF Policy | AstroPay, Skrill, Google Pay, and Visa/Mastercard, crypto |
Bitopro | 0.1% / 0.2% (20% discount for paying with BITO), Grid Bot: 0.05% / 0.05% | 2FA, Bug Bounty, ISO 27001 Certified, Encryption for client data | 18 | Complies with AML and CTF regulations set by the FSC (Taiwan). Fined by FSC for not following AML rules | Crypto, bank transfer, TTCheck Gift Cards |
Binance | 0% on Tier 0 Trading Pairs (BTC/USD, BTC/USDC, BTC/USDT, BTC/BUSD), and 0.38% (maker), 0.57% (taker) on Tier 1 pairs | 2FA, Licensed, 1:1 backing of customer funds, 99.99% uptime, most user assets stored in cold wallets, SOC certificate, real-time risk monitoring, anti-phishing codes, withdrawal address whitelisting | 169 | Registered as an MSB with FinCEN (federal level), and holds money transmitter licenses at the state level | Crypto, ACH, credit/debit card |
Your choice of crypto exchange can have a great impact on your overall trading experience. A great exchange is one that is easy to use, secure, and offers a wide range of features without feeling overly complicated or cluttered. It can support your trading strategy and give you a fair chance of being profitable.
A lousy exchange may not meet your standards in terms of security, support, or charge you excessive fees. What’s more, a shady exchange may even be shut down by the authorities, or even steal your funds and disappear without a trace.
This is why, when we look for the best crypto trading platform in the UK, we pay special attention to the key criteria that make all the difference, including:
To help you understand what to look for when choosing the best UK cryptocurrency exchange for your needs, we will break down each of these factors and explain why they are important.
The first thing you should verify when considering any crypto trading platform is its licensing and regulatory status. Crypto licenses are official stamps of approval, issued by the relevant financial authorities to exchanges that meet the regulatory requirements in terms of security, financial stability, and user protections within their operation.
In other words, not every crypto platform can qualify for the license, and this can help you filter out the potentially risky or unreliable exchanges from the start. Granted, there are some exchanges that are licensed in other countries but lack the specific permits for operating in the UK, but even trading on them is risky as they can close your account for non-compliance.
Another key feature to watch out for when looking for the best UK cryptocurrency brokers is support for direct GBP deposits. Support for the local fiat currency suggests a commitment to serving the local market and catering to the specific needs of UK-based crypto traders.
Crypto exchanges that accept direct deposits in GBP typically also support faster and more convenient transfers with local UK banks, as well as e-wallets popular with British users, such as PayPal, Revolut, and Skrill.
What’s more, by allowing them to deposit directly in GBP, these exchanges help users avoid currency conversion fees and make the process cheaper, quicker, and more accessible.
It goes without saying that the best digital currency exchange in the UK has to be safe, secure, and equipped with advanced technological safeguards that can help users protect their funds from cyberthreats. Some of the key features to watch out for include:
Activating these features can drastically improve your account’s security posture and make it more resilient to hacking, phishing attempts, and unauthorized access breaches.
Trading fees are another important factor that traders must consider when choosing which crypto exchange is the right fit for them. While all platforms charge some type of fee to cover the costs of their operation, their fee structures differ and align differently with various trading styles and strategies. For example:
In addition to the trading fees, it is also important that you consider the other types of fees the exchange may be charging, such as withdrawal fees, as these can also eat away at your earnings.
Another one of the most essential factors you want to take into account when choosing a crypto exchange is liquidity. The best UK crypto exchange has to be a highly liquid platform that is capable of filling your orders without any delays or price slippage.
For those that may not be familiar with its concept, liquidity is the difficulty or ease with which an exchange can execute trades at the market price. Because crypto exchanges use a matchmaking system to fill the users’ orders, they must have enough active buyers and sellers at any given time to operate smoothly.
Illiquid exchanges that don’t have enough volume or active users can struggle to fill orders at the market price, so they delay their execution or adjust the price to match what’s available for the requested trade. You want to avoid such platforms.
After accounting for the essentials, like reliability and affordability, you can focus your research on usability and functionality. As we mentioned earlier, the best UK crypto trading platform must offer a comprehensive set of features and tools, but still be easy to use.
When evaluating an exchange’s software, you want to focus on:
In addition, you ideally want the exchange to deliver the same user-friendly experience on both PCs and mobile devices, so that you can stay connected at all times.
Customer support is another important, but often overlooked, consideration when picking out a crypto exchange. Delayed withdrawals, failed transactions, or other types of technical issues associated with your funds can be very frustrating. To avoid stressful situations, we suggest you take customer support quality into account when making your choice.
As even the best digital platforms are not immune to occasional hangups, delays, and bugs, having access to a responsive and helpful customer support team is more than necessary. Try to opt for a reliable platform that offers 24/7 assistance through multiple channels to ensure you get the help when you need it the most.
A wide range of supported cryptocurrencies is another key quality that defines the best cryptocurrency exchanges in the UK. In order to allow investors to create a well-rounded and diversified portfolio, the platform must grant them access to all types of coins, including:
Each of these coins has its own value and serves different purposes, like price appreciation, hedging, paying lower trading fees, making fast and cheap transactions, staking, providing liquidity, cross-chain bridging, and others. A successful trader knows how to use all of them to maximize their returns.
Crypto exchanges are not regulated by the same consumer protection frameworks like traditional financial institutions, such as banks and credit unions. As virtual asset service providers, crypto exchanges are not legally obligated to provide any coverage in case of a loss to their users, so most crypto exchanges don’t have any insurance policies.
Only the absolute best UK cryptocurrency brokers voluntarily offer limited coverage against certain types of incidents, such as large-scale hacks or internal security breaches. In other words, breaches that the platform itself is responsible for.
Not even these platforms cover individual losses caused by account credential mismanagement or phishing attacks, so be sure to keep your account as safe and secure as possible.
In addition to the platform’s practical qualities, finding the best UK digital currency exchange will also require a bit of digging into its background. Doing some research on important details like:
can be very revealing and have a massive impact on your decision.
Additionally, you should also look for user feedback and see what other traders have to say about the exchange. The crypto community is not shy to point out its concerns and complaints about a platform’s operations, so checking trusted review websites, social media groups, and crypto forums can also reveal valuable insights.
One final consideration you need to take into account when doing your research is the mobile experience. Mobile crypto apps are much more than mere extensions of their desktop counterparts and offer enhanced functionality to several features and capabilities, such as:
In other words, when used right, these apps deliver additional value, so you should consider making them a part of your trading strategy.
Luckily, all the top crypto exchanges we discussed earlier have mobile apps that offer these features as a part of their service offerings, so you probably won’t have to conduct any additional research to find the best crypto app in the UK.
Now that you know how to find the best UK crypto exchange for your trading needs, it is time you learn how to create an account with it and prepare for your first trade. We broke down the entire process into five easy-to-follow steps:
Step 1 - Registering an Account
Step 2 - Activating Your Account
Step 3 - Verifying Your Identity (KYC)
Step 4 - Increasing Your Security
Step 5 - Funding Your Account
After completing the above steps, your account will be secured, funded, and completely prepared for trading.
Given that you are someone who is interested in finding the best place to buy crypto in the UK, we thought it’d be a good idea to remind you about your taxation obligations.
In the UK, the HMRC classifies cryptocurrencies as digital properties for taxation purposes, and subjects crypto users to both income tax and capital gains tax. To make it easier for you to understand which type of tax is applied when and where, we created this table breakdown with some of the most common crypto activities:
Crypto Activity | Tax Type | Tax Rate | Additional Notes |
Buying crypto with a fiat currency | None | None | The mere act of buying crypto is not a taxable event |
Holding crypto as a long-term investment | None | None | Not subject to taxation until the disposal of crypto |
Selling crypto for a fiat currency | Capital gains tax | 10%-20% on the profit above the annual CGT exempt amount | The tax rate is based on your total annual income (basic/higher rate income band) |
Trading one coin for another coin | Capital gains tax | 10%-20% on the profit above the annual CGT exempt amount | The tax rate is based on your total annual income (basic/higher rate income band) |
Receiving crypto as a payment for offered goods and services | Income tax | 20%-45% on the income above your annual allowance | The tax rate is based on your total annual income (basic/higher/additional rate income band) |
Paying for goods and services using crypto | Capital gains tax | 10%-20% on the profit above the annual CGT exempt amount | The tax rate is based on your total annual income (basic/higher rate income band) |
Earning crypto with DeFi activities (mining, staking, etc) | Income tax | 20%-45% on the income above your annual allowance | The tax rate is based on your total annual income (basic/higher/additional rate income band) |
To get the most accurate and up-to-date information on your tax rates, brackets, yearly allowances, and other important details, be sure to check the official HMRC website.
Now that you know a little bit more about crypto taxation rules in the UK, let’s see how you can go about filing your taxes. Here is a simple step-by-step guide that explains the whole process:
Step 1 - Collect your complete crypto transaction history
Step 2 - Organize your crypto transactions
Step 3 - Add up the totals
Step 4 - Calculate your taxes
Step 5 - Generate a tax report
Step 6 - File your taxes
As a final tip, keep in mind that using a capable crypto tax tool can make this process significantly easier and reduce the chances of error, so consider using one when filing your taxes. If you need any additional help with crypto taxation in the UK, be sure to consult a professional tax advisor.
Considering that every trader has their own personal preference, there is no single, objectively best cryptocurrency exchange in the UK. Fortunately, the UK crypto market has several options that make a strong case and meet our lofty standards in terms of security, reliability, and user experience, so you can take your pick.
As our final tip, we’d like to encourage you to try out as many crypto exchanges in practice as you can before making your decision. While gathering information and reading reviews is undoubtedly helpful, testing the exchange hands-on can give you a much better feel for its usability and features.
The best way to buy crypto in the UK is to use a reliable centralized crypto exchange that holds the necessary license for operation in the country. These platforms are regulated by the British financial authorities, which means they are vetted for financial stability, security, user protection, and other compliance requirements, making them a safe choice.
At the moment of writing, Binance has no valid license for operation in the UK, which means it is ill-advised for British traders to trade on it. While the platform may not stop them from creating an account and using it right away, it can delete their accounts and restrict access to their funds, with few options for withdrawing them or taking legal action.
Many of the world’s safest and most reliable crypto exchanges, including Kraken, Gemini, OKX, CEX.io, and Crypto.com, are available in the UK. We created reviews that highlight the strengths and best qualities of the UK’s top exchanges, so we suggest you have a look at them in the article and above, and take your pick.