Best Crypto Exchanges UK

Discover the 5 Best Crypto Exchanges in the UK to safely buy, sell and trade digital assets. Get started with a trusted and regulated platform in minutes.

Bottom Line: For British crypto investors, finding a trustworthy exchange that adheres to UK regulatory standards is imperative. To assist with this, our team of experts has conducted a comprehensive assessment of the leading trading platforms in the United Kingdom, reducing the selection down to the top 5. They were compared on security protocols, GBP payment methods, and their fee structures, among other factors.

After our exhaustive examination, we've identified the top 5 FCA-regulated cryptocurrency exchanges in the UK:

  1. eToro (Best Overall Platform in the UK)
  2. Uphold (Best UK-Based Crypto Exchange)
  3. Binance (Best Platform for Derivatives Trading)
  4. Coinbase (Best for Beginners)
  5. Kraken (Best for Institutional Investors)
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
The FCA, CySEC, ASIC & more.
Get Started

Make a secure transaction through the verified website URL.

Best For:
UK Investors & Traders
out of 5

eToro is the best crypto platform in the UK due to its diverse range of assets, affordable fee structure, FCA licensing, and exceptional customer support, offering a secure and seamless trading experience for users.

Top Crypto Apps in the UK

Through our investigation, we've pinpointed the leading crypto applications and platforms for British investors. We meticulously evaluate each platform's diversity of digital currencies, handling of British Pound deposits via local methods like bank transfers and FPS, user-friendliness, fees, and security. Adherence to Financial Conduct Authority (FCA) regulations is also accounted for. Following our review, we determined the top five exchanges in the UK.

1. eToro

eToro is the best overall cryptocurrency exchange in the UK based on our methodology due to its diverse range of assets available for trading, including 90 cryptocurrencies, over 3000 shares, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs. The platform is also fully regulated and licensed by the FCA, ensuring that users can trade with confidence and peace of mind.

Another standout feature of eToro is its affordable fee structure, with a low flat fee of 1% on cryptocurrency trades. It also offers 24/7 customer support via live chat, email, and an online ticketing system, as well as a variety of GBP deposit methods such as bank transfer, credit/debit card, Payoneer, Skrill, Neteller, Rapid Transfer, and Trustly. The exchange’s diverse range of assets, affordable fees, and strong regulatory oversight make it the best choice for investors in the UK.

  • Minimum Deposit: £50 GBP.
  • Supported Tokens: 92 Cryptocurrencies & 3000+ other assets.
  • Regulatory Compliance: Regulated and licensed with the FCA.
  • GBP Funding Method: Credit/Debit Card, FPS, PayPal, Neteller, Skrill, Rapid Transfer, Bank Transfer & Trustly.
eToro UK

2. Uphold

Uphold is the second-best overall crypto platform in the UK. Based in London, it offers over 250 digital assets to buy, sell, and stake through its FCA-regulated exchange. One of the standout features is its audited proof-of-reserves, which demonstrates its commitment to safeguarding customer funds and makes it the most secure exchange in the country. It also offers a variety of convenient GBP deposit methods, including FasterPayments, Bank Transfer, Credit/Debit Card, SEPA, Google Pay, and Apple Pay.

In addition, Uphold has a user-friendly interface and offers 24/7 customer support via live chat and email. While card deposits are subject to a 2.49% fee, deposits made via other methods are completely free. Crypto trading fees on the platform vary between 0.8% to 1.2%, which is competitive compared to other exchanges. Its presence in London, diverse range of assets, and commitment to security make it a great choice for British traders.

  • Minimum Deposit: £20 GBP.
  • Supported Tokens: 250+ Cryptocurrencies & 100+ other assets.
  • Regulatory Compliance: Regulated and licensed with the FCA.
  • GBP Funding Method: Debit/Credit Card, FPS, Google/Apple Pay, SEPA & Wire Transfer.

3. Binance

Binance is a leading global cryptocurrency exchange that offers a wide selection of over 350 cryptocurrencies, including popular options like Bitcoin and Ethereum. The platform is known for its wide range of features, including spot trading, derivatives trading, and crypto options trading. Binance also offers a very competitive fee structure, with fees starting at 0.1% for spot trades and 0.06% for derivatives contract trading.

However, it's important to note that Binance is not yet licensed by the Financial Conduct Authority (FCA) in the UK, which could increase platform risk for traders. While Binance is regulated in other countries, the lack of FCA regulation is something that users should be aware of when considering the platform. While it offers a wide selection of assets and competitive fees, users should carefully weigh the potential risks associated with using an unlicensed exchange when deciding whether to trade on the platform.

  • Minimum Deposit: £20 GBP.
  • Supported Tokens: 350+ Cryptocurrencies.
  • Regulatory Compliance: Not regulated or licensed with the FCA.
  • GBP Funding Method: Faster Payments, Credit Card & Debit Card.
Binance UK

4. Coinbase

Coinbase is a leading crypto platform for UK-based traders due to its user-friendly interface, low fees, and strong regulatory oversight. Coinbase offers trading of over 50 cryptocurrencies and is fully licensed by the Financial Conduct Authority despite being a US-based company. The platform also offers 24/7 customer support via live chat and email and GBP deposit methods such as Faster payments, Credit/Debit Card, and PayPal.

One of the main downsides of Coinbase is that its fees are not very competitive compared to other exchanges. For example, there is a flat fee of 1.49% on all trades and an additional stealth fee charged in the spread of the buy and sell price. Outside of this, Coinbase offers crypto storage in the form of its proprietary online wallet, which is considered one of the most secure options available in the United Kingdom. 

  • Minimum Deposit: £50 GBP.
  • Supported Tokens: 200+ Cryptocurrencies.
  • Regulatory Compliance: Regulated and licensed with the FCA.
  • GBP Funding Method: Easy Bank, Faster Payments, SEPA & Credit/Debit Card.

5. Kraken

Kraken is ranked as the fifth-best crypto exchange in the United Kingdom. It supports the buying and selling of 200+ coins with GBP, EUR, and USD deposits from all major banks. The platform takes security and transparency seriously, and is regulated by the Financial Conduct Authority (FCA) of the UK, making it a reliable platform for traders. It also provides regularly audited proof of reserves showing users assets are held on a 1:1 basis.

Kraken is particularly suited for beginners, offering reasonable fees (1%) and fast deposit/withdrawal times, as well as advanced features such as margin trading with up to 5x leverage, charting tools, mobile apps, and more. Overall, Kraken's low fees, advanced features, and regulatory oversight make it a great option for both novice and experienced traders alike, but users should carefully weigh the potential risks associated with using an unlicensed exchange.

  • Minimum Deposit: £20 GBP.
  • Supported Tokens: 200+ Cryptocurrencies.
  • Regulatory Compliance: Regulated and licensed with the FCA.
  • GBP Funding Method: Debit/Credit Card, FPS, CHAPS, SWIFT & Plaid.

How does the FCA Regulate Crypto?

The Financial Conduct Authority (FCA) regulates cryptocurrency exchanges in the UK to ensure they comply with the country's financial laws and regulations. Specifically, the FCA requires digital currency trading platforms to be licensed and meet certain standards for security and customer protection. To obtain a license, exchanges must undergo a rigorous application process and adhere to ongoing compliance requirements, including submitting regular reports and undergoing regular audits.

Do I have to Pay Tax on Crypto in the UK?

Yes, in the UK, individuals are obliged to pay taxes on cryptocurrencies according to the guidance issued by HM Revenue and Customs (HMRC). The specific legislation falls under the Taxation of Chargeable Gains Act 1992 for Capital Gains Tax, which applies when selling, swapping, or using cryptocurrency to pay for goods or services.

The tax rate depends on your overall taxable income. Additionally, Income Tax, governed by the Income Tax (Earnings and Pensions) Act 2003, may apply if you receive cryptocurrency from employment, mining, or airdrops. It's crucial to consult with a tax professional for accurate advice tailored to your specific situation.

Is Crypto Staking Legal in the UK?

Crypto staking is legal in the UK as long as it complies with existing financial regulations. In general, crypto staking falls under the category of staking rewards, which are considered taxable income. Therefore, individuals who engage in staking activities may need to report their earnings to HM Revenue and Customs (HMRC) and pay taxes accordingly.

The Bottom Line

In conclusion, finding a reliable and secure cryptocurrency exchange that complies with UK regulations is crucial for British crypto investors. Our thorough investigation has led us to identify the top 5 crypto platforms in the UK, which are eToro, Uphold, Binance, Coinbase, and Kraken, each with their unique strengths.

Factors considered included security measures, variety of deposit methods, fee structures, and compliance with FCA regulations. It's also important to remember the tax implications of cryptocurrency trading and staking in the UK, as guided by the HM Revenue and Customs (HMRC). Always consult with a professional for personalised advice.


Is Binance FCA-regulated in the UK?
What are the tax implications for UK crypto investors?
What is the role of the FCA in regulating crypto?

Read Next

Other Posts

Explore eToros availability in 100+ countries, reasons behind restrictions in select regions, and the languages supported.
May 21, 2023

eToro Available Countries