The 10 Best Crypto Exchanges in the UK for 2025

If you’re looking to invest in crypto, you’ll need a safe and low-cost exchange. In this guide, I reveal the 10 best crypto exchanges in the UK.

I focus on what matters to investors, such as security, fees, supported coins, trading tools, accepted payment methods, and customer service. Read on to get started with a top-rated crypto exchange in under five minutes.

The 10 Best Crypto Exchanges in the UK

When selecting the best crypto exchange in the UK, consider one of the following providers:

1. eToro –  Top crypto exchange offering copy trading and low minimum deposit
2. MEXC – A great option for trading small-cap coins with low fees
3. OKX – Top-rated exchange for mobile users, buy crypto from just £5
4. Binance – Trade hundreds of coins at just 0.1% with premium liquidity
5. ByBit – Great crypto assets and derivatives platform with ample liquidity
6. PrimeXBT – Offers leveraged trading for both rookies and seasoned traders
7. Margex – Comes with a lucrative referral scheme and a staking program with favorable APY rates
8. Kucoin – Popular exchange for diversification, with over 700 crypto markets supported
9. BingX – User-friendly platform for digital assets, spots and derivatives
10. Gate.io – Low trading fees and extensive selections of cryptocurrencies and stablecoins

Best UK Bitcoin Exchanges Reviews

I’ll now review the UK crypto exchanges listed above. I’ll cover the key features, benefits, and drawbacks to be aware of, allowing you to make an informed choice.

1. eToro –  Top Exchange Supports Copy Trading Tool

eToro is my top pick for UK investors who want to buy and sell crypto with top-notch security measures. Security controls include two-factor authentication (2FA) and cold storage. Plus, client funds are held in segregated bank accounts.

eToro is also a top choice for beginners with limited trading experience. It takes minutes to register, deposit funds, and buy your chosen crypto. Almost 100 coins are supported, making eToro ideal for diversification. This includes Bitcoin, Ethereum, Solana, BNB, Cardano, XRP, and Shiba Inu. The minimum trade requirement is just $10 (about £8).

Deposit methods include UK bank transfers, debit/credit cards, and e-wallets like PayPal. Another feature is eToro’s copy trading service; you can copy experienced crypto traders like-for-like. However, I found that eToro is more expensive than other exchanges. GBP deposits cost 1.5% and you’ll pay 1% in crypto trading commissions.

UK Crypto Exchange	No. Cryptos	Fee for Buying Bitcoin	Proprietary Wallet?	Top Features
eToro	99	1%	Yes	FCA-regulated, beginner-friendly platform, offers copy trading features, also offers stocks and other assets

eToro Key Features:

• Social Trading and CopyTrader™: eToro’s standout feature is its social trading platform, where you can follow and automatically replicate the trades of successful investors. This is particularly helpful for beginners or those looking to benefit from the expertise of more experienced traders.
• Diverse Range of Assets: eToro isn’t just a crypto exchange; it offers a wide variety of assets including stocks, ETFs, commodities, and forex. This allows you to diversify your investment portfolio across multiple asset classes, all within one platform.
• User-Friendly Interface: The eToro app and web platform are designed with ease of use in mind, making it accessible for beginners while still offering advanced features for seasoned traders. The intuitive layout ensures a smooth trading experience from the start.
• Regulation and Security: eToro is a regulated platform with multiple licenses across different jurisdictions, ensuring a high level of security and compliance. This gives users peace of mind, knowing their funds are protected and the platform operates under strict regulatory oversight.
  Educational Resources and Insights: eToro offers extensive educational materials, including trading guides, webinars, and market analysis. These resources are designed to help you improve your trading skills and stay informed about market trends, making it easier to make informed investment decisions.
  Custodial Wallet: eToro provides a built-in custodial wallet that securely stores your cryptocurrencies. This feature simplifies the process of managing your digital assets, keeping them safe until you’re ready to trade or withdraw.
  Low Minimum Investment: eToro allows you to start investing with as little as $10, making it accessible for new investors or those with smaller budgets. This low barrier to entry enables you to dip your toes into crypto trading without needing a large initial capital.
  Commission-Free Stock Trading: For those interested in stocks as well as crypto, eToro offers commission-free stock trading in many regions. This feature is ideal for investors looking to diversify their portfolio without incurring high trading fees.

Pros

• One of the best crypto exchanges for beginners
• Supports 99 crypto coins
• Minimum deposit and trade requirement of $10 (about £8)
• Copy experienced crypto traders like-for-like
• Secure wallet storage – including 2FA

Cons

• GBP deposits cost 1.5%
• Crypto trading commissions of 1%

Visit eToro

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.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. [website domain name] is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2. MEXC – A Great Option for Trading Small-Cap Coins With Low Fees

MEXC is one of the best crypto exchanges in the UK for active traders. It lists more than 2,000 crypto coins – many are small-cap projects. This means you can trade up-and-coming coins before they become mainstream. After all, MEXC is often the first exchange for new crypto projects. That said, MEXC also lists large-cap crypto markets.

This includes Bitcoin, Ethereum, Dogecoin, Litecoin, Bitcoin Cash, and Cardano. I found that MEXC has some of the lowest trading fees in the industry. UK traders pay commissions of just 0.1%. This means you’ll be charged just £1 for every £1,000 traded. Moreover, MEXC has huge volumes, so you’ll benefit from smooth trading conditions.

In terms of safety, MEXC isn’t regulated by the FCA. It does, however, have verifiable proof of reserves. This ensures that customer deposits and balances are covered 1:1. In terms of payments, UK traders can instantly buy crypto with a debit/credit card. However, UK bank transfers and e-wallets aren’t supported.

UK Crypto Exchange	No. Cryptos	Fee for Buying Bitcoin	Proprietary Wallet?	Top Features
MEXC	2,000+	0.1%	Yes	0.1% spot trading fees, trade over 2,000 coins, verifiable proof of reserves, accepts UK debit/credit cards

MEXC Key Features:

• Extensive Cryptocurrency Selection: MEXC offers a wide range of cryptocurrencies, including many lesser-known altcoins and new project tokens, making it a great platform for traders and investors looking to diversify their portfolios and explore emerging digital assets.
• High Liquidity and Competitive Fees: MEXC is known for its high liquidity across various trading pairs, ensuring that your trades are executed quickly and efficiently. Additionally, the platform offers competitive trading fees, which can be further reduced by holding and using MEXC’s native token, MX.
• Advanced Trading Options: The platform supports a variety of trading options, including spot trading, margin trading, and futures contracts. MEXC also provides access to advanced order types and sophisticated trading tools, making it suitable for both beginners and experienced traders.
• Staking and Earning Opportunities: MEXC offers several ways to earn passive income, including staking, liquidity mining, and participating in DeFi projects. These features allow you to grow your crypto assets without actively trading, making it easier to benefit from holding digital currencies.
• Innovation and Growth: MEXC is committed to innovation, frequently listing new tokens and offering cutting-edge products like leveraged ETFs and perpetual contracts. This makes it an attractive platform for traders who want to stay ahead of market trends and take advantage of new opportunities.

Pros

• Best crypto exchange in the UK for low trading fees
• Build a diversified portfolio from over 2,000 coins
• Instantly buy crypto with Visa or MasterCard
• High trading volumes and liquidity levels
• A great option for spotting up-and-coming crypto projects
• Offers a native mobile app for Android and iOS

Cons

• Doesn’t accept UK bank transfers or e-wallets
• Isn’t regulated by the FCA

Visit MEXC

3. OKX – Top-Rated Exchange for Mobile Users, Buy Crypto From Just £5

Next is OKX, which is a great option if you want to trade crypto on a mobile device. It offers a user-friendly trading app for Android and iOS users. Opening an account is simple and fast; you’ll be set up in under five minutes. OKX offers an Instant Buy tool, so you can purchase crypto with a debit/credit card.

Fees are built into the exchange rate, so make sure you check this before proceeding. Another option is to deposit funds via the peer-to-peer (P2P) tool. This supports more payment types, including UK bank transfers, Revolut, Wise, and Payoneer. Either way, you’ll have access to hundreds of crypto coins once your account is funded.

This includes popular coins like Bitcoin, Ethereum, and Solana. Not to mention Uniswap, Polkadot, Aave, Dogecoin, Fantom, and Decentraland. The minimum crypto purchase is just £5, so OKX is ideal for beginners. That said, OKX also offers desktop trading. This comes with advanced analysis tools like charts and technical indicators.

UK Crypto Exchange	No. Cryptos	Fee for Buying Bitcoin	Proprietary Wallet?	Top Features
OKX	350+	0.1%	Yes	Instantly buy crypto with a debit/credit card, user-friendly app for Android and iOS, lists over 350 coins, supports P2P payments

OKX Key Features:

• Wide Range of Cryptocurrencies: OKX offers access to a broad selection of cryptocurrencies, from popular coins like Bitcoin and Ethereum to a variety of altcoins and new tokens. This extensive range allows you to diversify your portfolio and explore emerging digital assets.
• Advanced Trading Tools: OKX provides a suite of advanced trading options, including spot trading, futures, options, and margin trading. These tools cater to both novice and experienced traders, enabling you to implement sophisticated trading strategies and manage risk effectively.
• Staking and Passive Income Opportunities: Beyond trading, OKX offers various ways to earn passive income, such as staking, savings accounts, and liquidity mining. These features allow you to grow your crypto holdings without actively trading, making it easier to maximize your returns over time.
• Strong Security Measures: OKX prioritizes the security of your assets with industry-leading measures such as multi-factor authentication (MFA), cold storage, and real-time monitoring. This ensures that your investments are well-protected, giving you peace of mind while trading.
• User-Friendly Interface: The OKX platform is designed with a focus on user experience, featuring an intuitive interface that’s easy to navigate. Whether you’re new to crypto or an experienced trader, OKX provides a smooth and efficient trading experience on both desktop and mobile.

Pros

• Best crypto trading platform in the UK for mobile users
• Invest in crypto from just £5
• Lists hundreds of the best cryptocurrencies to buy
• Low trading commissions of just 0.1%
• Also offers an advanced desktop platform with analysis tools

Cons

• Debit/credit card fees are built into the exchange rate
• Many features are not available to UK traders – including staking

Visit OKX

4. Binance – Known for Its Huge Variety of Coins and High Liquidity

The Binance app is the ultimate platform for crypto traders looking for a comprehensive trading experience. Since its launch in 2017, Binance has quickly risen to become the largest cryptocurrency exchange in the world by trading volume, offering a vast selection of digital assets, trading pairs, and innovative financial products.

Available on both iOS and Android, the Binance app delivers a powerful yet user-friendly trading experience. With access to over 350 cryptocurrencies, including major coins like Bitcoin, Ethereum, and Binance Coin (BNB), as well as a wide range of altcoins, the app provides ample opportunities for portfolio diversification. Binance accommodates all types of traders with its various trading options, including spot trading, margin trading with up to 10x leverage, futures trading with up to 125x leverage, and peer-to-peer (P2P) trading. One of the standout features of Binance is its low trading fees, with a base rate of just 0.1% per trade.

 

A key strength of Binance is its robust ecosystem, which includes features like staking, savings accounts, liquidity farming, and its popular Launchpad for accessing new token sales. For those interested in earning passive income, Binance offers multiple opportunities to generate rewards by staking or lending your crypto assets directly through the app.

Binance Key Features:

• Wide Selection of Cryptocurrencies: Binance boasts one of the largest ranges of cryptocurrencies, including major coins, altcoins, and new tokens. This extensive selection allows you to diversify your portfolio and explore a variety of investment opportunities within a single platform.
• Advanced Trading Options: Binance offers a wide array of trading options, such as spot trading, futures, margin trading, and options. The app also includes advanced charting tools and various order types, allowing you to execute sophisticated trading strategies with ease.
• Earning and Staking Opportunities: Beyond just trading, Binance provides multiple ways to grow your assets, including staking, savings products, liquidity farming, and other DeFi opportunities. These features enable you to earn passive income on your crypto holdings directly from the dedicated app.
• Top-Notch Security: Binance prioritizes security with industry-leading measures such as two-factor authentication (2FA), the Secure Asset Fund for Users (SAFU), and regular security audits. These ensure that your funds and personal data remain well-protected while using the platform.
• User-Friendly Design and Learning Resources: Despite its advanced capabilities, the Binance platform is designed to be accessible to users of all experience levels. Binance also offers a wealth of educational resources, including tutorials, market insights, and webinars, to help you make informed decisions and continually improve your trading skills.

Pros

• Access to over 350 cryptocurrencies
• Low trading fees starting at 0.1% per trade
• Supports spot, margin, futures, and P2P trading
• Numerous passive income opportunities, including staking and savings
• Wide range of fiat deposit methods and strong global reach

Cons

• Not available in certain regions, including the United States (where Binance.US is available instead)
• The interface might be overwhelming for beginners
• Regulatory scrutiny in some countries could impact service availability

Visit Binance

5. Bybit – Prized for its High Liquidity and Derivatives

Bybit is a leading exchange for experienced crypto traders, particularly those interested in derivatives and margin trading. Since its launch in 2018, Bybit has rapidly positioned itself as a top platform for cryptocurrency derivatives trading, offering a wide array of trading pairs and sophisticated tools that cater to those looking to maximize their trading potential through leverage.

The Bybit site affords users a smooth, responsive trading experience. It’s particularly appealing to advanced traders who will benefit from features like customizable charting tools, multiple order types, and real-time market data. While Bybit supports some of the top cryptocurrencies out there, such as like Bitcoin, Ethereum, and Solana, its standout feature is its robust derivatives market, where users can trade perpetual contracts and futures with up to 100x leverage. 

The exchange also comes with its dedicated app, which includes a built-in exchange feature, making it easy to convert one cryptocurrency to another without leaving the platform.

ByBit Key Features:

• Advanced Derivatives Trading: Bybit excels in derivatives trading, offering perpetual contracts and futures with leverage up to 100x. This makes it a go-to platform for seasoned traders looking to amplify their market positions.
• User-Friendly Interface with Real-Time Insights: The Bybit platform offers an intuitive and customizable interface, complete with advanced charting tools and real-time market data. This ensures that both novice and experienced traders have the information they need to make informed decisions at their fingertips.
• Low Trading Fees and Maker Rebates: Bybit’s competitive fee structure is another key advantage, with takers paying just 0.06% and makers receiving a 0.01% rebate. This cost-effective setup is particularly beneficial for frequent traders.
• Strong Security Measures: Security is a top priority for Bybit, which employs multi-signature cold wallets and two-factor authentication (2FA) to safeguard your funds and personal information at all times.
• Educational Resources and Community Engagement: Bybit offers a wealth of educational resources, including webinars, tutorials, and detailed market analysis, helping you enhance your trading skills. The platform also fosters a strong community with active forums and social channels, where traders can share insights and experiences.

Pros

• Ideal for advanced traders focused on derivatives and margin trading
• Offers up to 100x leverage on perpetual contracts
• Low trading fees with maker rebates
• Advanced charting tools and a variety of order types
• Strong liquidity across a wide range of trading pairs

Cons

• Not beginner-friendly due to the complexity of derivatives trading
• Does not support fiat currency deposits
• Increased risk associated with leveraged trading

Visit Bybit

6. PrimeXBT – Leveraged Trading for New and Seasoned Users

PrimeXBT stands out as a top choice for traders who want to diversify their portfolios across multiple asset classes, offering a comprehensive platform that allows you to trade a variety of assets from a single app.

The PrimeXBT site provides a smooth and intuitive trading experience, making it accessible even for those new to multi-asset trading. With the ability to trade popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, along with traditional assets like forex, commodities, and indices, PrimeXBT offers a versatile solution for managing a diversified trading portfolio. Traders can leverage up to 100x on crypto, making it a powerful tool for those looking to maximize their exposure with minimal capital.

A copy trading feature through its Covesting module is also available, enabling users to automatically replicate the trades of top-performing traders. This is especially beneficial for less experienced traders looking to learn from the pros or to benefit from successful strategies.

PrimeXBT is also known for its competitive trading fees, starting as low as 0.05% per trade. The platform offers a range of advanced trading tools, including customizable charts, multiple order types, and a personalized workspace, making it ideal for traders who need robust tools to execute complex strategies.

PrimeXBT Key Features:

• Multi-Asset Trading Platform: PrimeXBT isn’t limited to cryptocurrencies; it also allows trading in traditional assets like forex, commodities, and indices. This wide range of options lets you manage a diverse portfolio and hedge your positions across different markets, all within one app.
• Advanced Trading Tools with High Leverage: The platform provides powerful trading tools such as customizable charts, various order types, and up to 100x leverage for crypto trading. These features are perfect for traders looking to enhance their market exposure and execute sophisticated strategies.
• Copy Trading with Covesting: PrimeXBT integrates the Covesting module, allowing you to copy trades from top-performing traders. This feature is ideal for learning from experienced traders or for benefiting from their successful strategies with minimal effort.
• Strong Security and Privacy: PrimeXBT prioritizes security with two-factor authentication (2FA) and cold storage for the majority of its assets. The platform also offers privacy features, such as optional KYC, appealing to users who value anonymity.

Pros

• Supports multi-asset trading, including forex, commodities, and indices
• Offers up to 100x leverage on both crypto and traditional assets
• Low trading fees starting at 0.05% per trade
• Includes copy trading via the Covesting module
• Comprehensive suite of advanced trading tools

Cons

• Not ideal for beginners due to the complexity of multi-asset and margin trading
• Does not support fiat currency deposits
• Increased risk associated with leveraged trading

Visit PrimeXBT

7. Margex – Features a Great Referral Scheme and Staking Program

Margex is an excellent choice for traders who prioritize security and simplicity in their crypto trading experience. Although it’s a relatively new platform, having launched in 2020, Margex has quickly built a reputation for being transparent and user-friendly, making it a solid option for both new and experienced traders.

 

Available on both iOS and Android, Margex’s dedicated app provides a seamless trading experience on the go. It stands out for its focus on security and transparency, offering up to 100x leverage on a variety of cryptocurrency pairs. This high leverage is ideal for traders looking to maximize their potential returns, especially in volatile markets. Margex supports Bitcoin deposits, allowing users to start trading quickly and securely.

One of Margex’s unique features is its MP Shield™ technology, which is designed to protect users from price manipulation and unfair liquidations, offering a level of security and transparency that sets it apart from other platforms.

Margex Key Features:

• High Leverage Trading: Margex offers leverage up to 100x, enabling traders to maximize their exposure and potential returns. This feature is particularly useful for those who want to take advantage of market fluctuations.
• MP Shield™ Technology: Margex’s proprietary MP Shield™ technology helps safeguard traders from price manipulation and unfair liquidations, enhancing the platform’s security and transparency.
• User-Friendly Interface: The platform is designed with simplicity in mind, making it easy to navigate for both beginners and advanced traders. Whether you’re executing basic trades or complex strategies, the interface supports a smooth trading experience.
• Secure Bitcoin Deposits: Margex accepts Bitcoin deposits, offering a quick and secure way to fund your account. The site emphasizes the security of user funds through industry-standard protective measures.
• Reliable Customer Support: Margex is known for its responsive customer support, available 24/7. Whether you have questions or encounter issues, their team is ready to assist, ensuring that you can trade with confidence.

Pros

• Offers up to 100x leverage, providing significant trading potential
• Enhanced security with MP Shield™ technology to prevent unfair trading practices
• User-friendly interface that accommodates traders of all experience levels
• Quick and secure Bitcoin deposits for fast account funding
• Strong emphasis on transparency and protecting users

Cons

• Limited to Bitcoin deposits, which may not suit all users
• Fewer cryptocurrency pairs available compared to larger exchanges
• Newer platform with a shorter track record

Visit Margex

8. KuCoin – Best Exchange for Diversification and Number of Markets

KuCoin is a premier cryptocurrency exchange renowned for its extensive selection of digital assets and vast number of markets, making it an ideal platform for traders looking to diversify their portfolios. Since its inception in 2017, KuCoin has consistently been at the forefront of the crypto space, offering access to a wide array of cryptocurrencies and advanced trading tools tailored to meet the needs of both novice and experienced traders.

 

With over 700 cryptocurrencies listed, KuCoin provides one of the most comprehensive selections in the industry, giving users the opportunity to explore and invest in a diverse range of assets, from major coins like Bitcoin and Ethereum to emerging altcoins. This makes KuCoin a top choice for those looking to tap into new markets and broaden their investment horizons.

KuCoin is also known for its competitive trading fees, starting at just 0.1% per trade. These fees can be reduced further by holding and using KuCoin’s native token, KCS. The exchange supports a variety of payment methods, including both fiat and crypto deposits, ensuring global accessibility and convenience for its users.

KuCoin Key Features:

• Vast Selection of Cryptocurrencies: KuCoin offers access to over 700 cryptocurrencies, providing an unparalleled opportunity for diversification. Whether you’re interested in major cryptocurrencies or exploring the latest altcoins, KuCoin’s extensive market selection allows you to build a well-rounded portfolio.
• Wide Range of Trading Markets: The exchange supports a comprehensive array of trading options, including spot trading, margin trading with up to 10x leverage, and futures trading with up to 100x leverage. This versatility allows you to tailor your trading strategies to your specific goals and risk tolerance.
• Low Trading Fees: KuCoin is known for its low trading fees, starting at 0.1% per trade. These fees can be further reduced by utilizing KuCoin’s native token, KCS, making it a cost-effective platform for frequent traders.
• Earning and Staking Opportunities: Beyond trading, KuCoin offers various ways to earn passive income through staking, lending, and savings products. These features allow you to grow your crypto holdings even when you’re not actively trading.
• Strong Security Features: KuCoin employs robust security measures, including two-factor authentication (2FA), withdrawal whitelists, and insurance funds to protect user assets. These features help ensure the safety and security of your funds while trading on the platform.

Pros

• Extensive selection of over 700 cryptocurrencies, ideal for portfolio diversification
• Competitive trading fees, starting at 0.1% per trade
• Supports a wide range of markets, including spot, margin, and futures trading
• Multiple passive income opportunities through staking, lending, and savings
• Strong security features, including 2FA and insurance funds

Cons

• The large number of markets and assets can be overwhelming for beginners
• Not regulated in all countries, which may be a concern for some users
• Customer support response times can vary, especially during high-traffic periods

Visit KuCoin

9. BingX – One of the Most User-Friendly Platforms for Digital Assets, Spots, and Derivatives 

BingX is a user-friendly cryptocurrency exchange that excels in providing a seamless trading experience for both spot and derivatives markets. Since its launch in 2018, BingX has become a popular choice for traders who appreciate a straightforward platform that doesn’t compromise on advanced features. Whether you’re a beginner or an experienced trader, BingX offers a well-rounded environment for managing and growing your digital asset portfolio.

BingX is particularly known for its intuitive interface and strong focus on user experience. The platform supports a wide range of digital assets, allowing users to trade popular cryptocurrencies like Bitcoin, Ethereum, and many others. Beyond spot trading, BingX also offers robust derivatives trading options with leverage, making it a versatile platform for those looking to capitalize on market movements.

 

One of the standout features of BingX is its copy trading functionality, which allows users to follow and replicate the strategies of successful traders automatically. This feature is especially beneficial for those who are new to trading or those who prefer a more hands-off approach.

BingX Key Features:

• User-Friendly Interface: BingX is designed with ease of use in mind, making it an ideal platform for both beginners and experienced traders. The clean and intuitive interface ensures a smooth trading experience, whether you’re executing simple spot trades or engaging in more complex derivatives trading.
• Diverse Range of Assets and Markets: BingX offers access to a wide variety of digital assets, including major cryptocurrencies like Bitcoin and Ethereum, as well as a selection of altcoins. The platform supports both spot and derivatives trading, providing the flexibility to trade in different market conditions with varying levels of leverage.
• Copy Trading Functionality: BingX’s innovative copy trading feature allows users to automatically mirror the trades of top-performing traders. This feature is particularly useful for beginners or those who prefer a more passive trading strategy, as it provides an opportunity to learn from and profit alongside more experienced traders.
• Competitive Trading Fees: BingX offers low trading fees across both spot and derivatives markets, making it cost-effective for frequent traders. The platform’s transparent fee structure ensures that you know exactly what you’re paying for each trade.
• Robust Security Measures: BingX prioritizes the security of user funds with features like two-factor authentication (2FA) and regular security audits. These measures help ensure that your assets and personal information are well-protected.

Pros

• Intuitive and user-friendly interface, ideal for all experience levels
• Wide range of digital assets, including spot and derivatives markets
• Innovative copy trading feature for following successful traders
• Competitive and transparent trading fees
• Strong security protocols to protect user funds

Cons

• Fewer altcoins compared to some larger exchanges
• Limited fiat deposit options, which may be a drawback for some users
• The copy trading feature may encourage riskier trades for inexperienced users

Visit Bingx

10. Gate.io – Low Trading Fees and Vast Selection of Cryptocurrencies and Stablecoins    

Gate.io is a prominent cryptocurrency exchange recognized for its extensive range of digital assets and competitive trading fees. Since its establishment in 2013, Gate.io has grown into a preferred platform for traders looking to access a wide variety of cryptocurrencies and stablecoins, all while benefiting from low transaction costs. Whether you’re an experienced trader or a newcomer to the crypto world, Gate.io provides a comprehensive and cost-effective environment to explore and trade digital assets.

 

 

 

Gate.io stands out with its vast selection of over 1,400 cryptocurrencies, including a robust lineup of stablecoins, making it an ideal platform for those looking to diversify their investments. The exchange supports various trading options such as spot trading, margin trading with up to 10x leverage, and futures trading, accommodating a broad range of trading strategies and risk preferences.

One of Gate.io’s key advantages is its low trading fees, starting at just 0.2% per trade, which can be further reduced through the platform’s native token, GT, or by participating in its VIP tiered fee system. This makes Gate.io an attractive choice for traders who prioritize cost efficiency without sacrificing access to a wide array of assets.

Gate.io Key Features

• Vast Selection of Cryptocurrencies and Stablecoins: Gate.io offers access to over 1,400 cryptocurrencies, including a comprehensive selection of stablecoins. This extensive range allows traders to explore and invest in a wide variety of digital assets, from popular coins to emerging tokens, all in one place.
• Low Trading Fees: Gate.io is known for its competitive trading fees, starting at just 0.2% per trade. Traders can further reduce these fees by using Gate.io’s native token, GT, or by achieving higher VIP levels, making it an economical platform for frequent trading.
• Diverse Trading Options: The exchange supports a variety of trading methods, including spot trading, margin trading with up to 10x leverage, and futures trading. Gate.io also offers advanced trading tools like customizable charts and multiple order types, helping traders execute their strategies with precision.
• Passive Income Opportunities and Early-Stage Investments: Gate.io offers unique ways to earn passive income through staking and lending services. Additionally, the platform’s Startup initiative allows users to participate in early-stage token sales, providing access to promising new projects before they hit the broader market.

Pros

• Low trading fees, starting at 0.2% per trade, with further reductions available
• Access to over 1,400 cryptocurrencies, including a wide variety of stablecoins
• Supports spot, margin, and futures trading with advanced tools and options
• Strong security features, including 2FA and cold storage
• Opportunities for passive income and early-stage investments

Cons

• The extensive selection of cryptocurrencies can be overwhelming for beginners
• Not regulated in all countries, which may raise concerns for some users
• Customer support response times can vary, especially during peak periods

Visit Gate.io

How I Ranked UK Cryptocurrency Exchanges

I used a proven checklist to rank the best crypto exchanges for this guide. This includes everything from FCA approval and supported coins to fees, payment methods, and customer service.

Read on to discover what I look for when choosing a suitable UK exchange.

FCA Approval or Regulation

The safest crypto exchanges in the UK are approved by the Financial Conduct Authority (FCA). Most are registered with the UK’s regulator as an electronic money institution. Not only does this enable the exchange to accept UK clients but also process GBP payments.

In addition, eToro has taken safety to the next level – as it’s regulated by the FCA, rather than just being registered. This offers extra security protocols, such as a requirement to keep client funds in segregated bank accounts. Although some exchanges operate without FCA approval, traders should tread carefully – your capital is at risk.

Supported Coins

Some UK crypto exchanges only support a small selection of coins. These are often large-cap leaders like Bitcoin, Ethereum, and XRP. However, if you want to diversify into up-and-coming coins with a smaller valuation, make sure you’re using a suitable exchange.

For example, MEXC lists more than 2,000 crypto coins. This includes some of the best new cryptocurrencies that you won’t find on other exchanges. MEXC is ideal for diversification, as you won’t be required to use multiple platforms. You can check what coins an exchange lists before opening an account.

Fees

UK traders need to pay fees when buying and selling crypto. This is known as the trading commission. MEXC, for example, charges just 0.1%. This means a commission of £1 for every £1,000 traded.

Traders should also factor in payment fees, as these are treated separately from the trading commission. For instance, OKX offers competitive trading fees starting at 0.08% for makers and 0.1% for takers, but when it comes to funding your account with a debit or credit card, you may incur additional charges depending on the payment method used, often ranging from 1.5% to 2%. Margex, on the other hand, focuses on simplicity and security, offering a flat trading fee of 0.06% for takers, but it only supports Bitcoin deposits, which means you’ll need to consider the cost of acquiring Bitcoin before you can trade. eToro is more competitive, as debit/credit card payments cost 1.5%.

Secure Wallet Storage

Investors should consider how they want to store their purchased crypto coins. For example, eToro offers custodian storage, meaning it secures client-owned coins in its own wallets. It leverages institutional-grade security controls to keep your funds safe. This is also the case with Coinbase and Gemini.

Some UK crypto exchanges offer decentralized wallets. OKX, for example, offers a decentralized wallet app for Android and iOS. This enables you to store your coins away from the OKX exchange. Put otherwise, you’ll have full control of the wallet’s private keys. You can also use a wallet that isn’t associated with an exchange, such as MetaMask or Exodus.

Accepted Deposit Methods

The best crypto exchanges directly accept GBP payments. This makes it simple to buy crypto in the UK. For example, eToro accepts everything from Visa and MasterCard to Skrill and PayPal. These deposit methods are processed instantly. Coinbase is a good option if you want to transfer GBP from a UK bank account.

Not only does Coinbase use the Faster Payments network but it doesn’t charge fees. Alternatively, you might also consider the P2P option. This means you’ll be buying crypto from a UK seller. You’ll transfer funds directly to the seller via bank transfer or an e-wallet. Make sure you use a credible P2P exchange like OKX, KuCoin, or Binance.

Trading Tools

The best Bitcoin exchanges in the UK offer trading tools. This can help you make smart trading decisions. For example, eToro and MEXC offer copy trading tools, enabling you to copy an experienced investor.

Here’s how it works:

• You choose a trader to copy and invest £500
• The trader buys XRP, risking 10% of their capital
• You automatically buy £50 worth of XRP, as that’s 10% of your investment
• The trader closes the XRP trade, making gains of 70%
• You also close the trade and make passive gains of £35 (70% of £50)

If you have some prior experience in trading crypto, look for exchanges offering charting tools. This should include technical indicators, such as Bollinger Bands and the MACD.

Top Customer Service

Customer service levels at crypto exchanges have improved greatly in recent years. The industry standard is now 24/7 support via live chat.

Anything less is considered sub-par. While you might not need to contact the support team, knowing they’re only a click away offers peace of mind.

Android and iOS App

Most crypto exchanges have developed a mobile app for Android and iOS users. This offers an extra layer of convenience, as you can buy and sell crypto on a smartphone. For instance, you might be away from your desktop device and spot a new trading opportunity.

With a mobile app to hand, you can buy the respective coin instantly. Similarly, you can also close a profitable position at the tap of a button. I prioritized exchange apps that offer a beginner-friendly experience.  Best Wallet and eToro stood out, as their respective apps are simple to use.

My Methodology When Reviewing Bitcoin Exchanges

My proven methodology ensured that only the best crypto exchanges were included in this guide. Priority was given to exchanges with FCA approval or regulation. This was in addition to robust security tools like 2FA, whitelisting, and Know-Your-Customer (KYC). I also ensured that each exchange keeps the majority of client-owned funds in cold storage.

GBP balances should also be protected, meaning the funds are kept in segregated bank accounts in tier-one institutions.  Next, I looked at the fee structure of each exchange, prioritizing platforms with low commissions and deposit charges. The availability of coins was also assessed, ensuring that UK investors can diversify.

What is a Crypto Exchange?

Crypto exchanges are similar to share dealing platforms. But instead of trading stocks you’ll be buying and selling digital assets. Most exchanges support a wide range of coins, including Bitcoin, Ethereum, Litecoin, and BNB. Exchanges are third-party platforms that sit between buyers and sellers.

So, if you want to buy £100 worth of Bitcoin, another trader on the exchange will need to sell that £100 worth of Bitcoin. This is why liquidity is so important. Without sufficient buyers or sellers, you’ll find it difficult to trade. Having said that, some exchanges, such as eToro, also act like brokers.

This means you don’t need to worry about order books or market participants, making them ideal for beginners. Crypto exchanges make money from trading commissions. They take a small fee on all trading orders to keep the platform operational. Most exchanges offer tools like charts and indicators, ensuring informed trading decisions are made.

How do Cryptocurrency Exchanges Work?

Let’s take a closer look at how UK Bitcoin trading platforms work.

Similar to share dealing platforms, the first step is to open an account with the exchange. This is a simple process that requires some personal and contact details. Next, you’d need to deposit some funds. You can normally do this via a UK bank transfer or debit/credit card. After that, you can choose a crypto to buy – most exchanges list many different coins.

However, you’ll first need to place an order. Beginners should opt for a ‘market’ order. The order will be executed at the current market price. Sophisticated traders should use a ‘limit’ order, as the entry price can be customized. Nonetheless, once the crypto order is processed, the exchange takes a commission and the coins will be added to your account.

Now, the crypto coins will remain in your account unless you request a withdrawal. Some UK investors prefer withdrawing the coins to a private wallet, such as MetaMask or Trust Wallet. Alternatively, you can leave the coins in the account until you decide to sell. Ensure your account is well protected and that the exchange offers adequate security measures.

Are Cryptocurrency Exchanges Legal in the UK?

Yes, crypto exchanges are legal in the UK. That said, crypto exchanges accepting UK residents must be registered with the FCA. The FCA has an online register that lists approved crypto asset platforms. You should check this before proceeding. Some crypto exchanges based overseas accept UK clients, even without FCA registration.

The FCA frequently posts warnings about these platforms. However, the FCA has no jurisdiction over non-UK exchanges. For example, Binance is popular with UK traders, but it doesn’t have FCA approval. This means Binance no longer accepts GBP payments. The workaround is Binance’s P2P platform, which enables UK residents to buy crypto directly from sellers.

In addition, the FCA prohibits UK retail clients from accessing crypto derivatives. This includes delivery futures, perpetual swaps, options, and contracts-for-differences (CFDs). These rules do not apply to professional clients. The UK government will also be outlining rules on stablecoins and staking, expected later in 2024.

The UK has also introduced the Travel Rule, which all UK exchanges must adopt. This requires exchanges to collect information regarding wallet-to-wallet transfers. For example, you’d need to state the recipient when transferring funds to a private wallet. Ultimately, it’s best to stick with crypto exchanges that have been approved by the UK’s financial watchdog. This ensures you’re buying and selling crypto in a safe environment.

UK Crypto Regulation in 2025: What You Need to Know

Since 2021, the UK has steadily implemented a crypto regulation framework, innovation, and consumer protection and financial stability.

The FCA is the main regulator making sure crypto businesses follow the rules and are run responsibly.

The New Rules and What They Mean

• FCA Registration Is Mandatory – Since January 2021 all crypto businesses operating in the UK—exchanges, wallet providers and other service providers—must register with the FCA. This means they comply with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations including strict Know Your Customer (KYC) protocols.
• Stricter Rules for Crypto Ads – The FCA banned crypto promotions in October 2023. Ads must be clear, fair and not misleading. No more exaggerated claims or deceptive marketing tactics—if a company is selling crypto services they must be upfront about the risks.
• Market Abuse & Financial Standards – In November 2024 the FCA released its “crypto roadmap” which includes market abuse regulations to crack down on insider trading and price manipulation. They’re also introducing prudential standards to make sure crypto firms have the financial means to exist.
• Stablecoins & Staking Get More Clarity – The UK government has confirmed stablecoins will be fully part of the crypto regulatory framework by early 2025. As for staking some forms have been exempted from collective investment scheme rules effective January 31 2025.

Where You Can (and Can’t) Trade Crypto in the UK

• FCA Approved Exchanges – Several platforms have FCA approval including Archax which became the UK’s first fully regulated digital asset exchange, brokerage and custodian in August 2020.
• Big Names with UK Licenses – Major global platforms like Coinbase and Crypto.com have FCA registration so they can offer services to UK residents. Crypto.com got its FCA approval in August 2022.* Firms to Avoid – The FCA has a warning list of unregistered platforms. In October 2023 they added over 140 digital asset companies to the list, including KuCoin. If a platform isn’t FCA registered it’s operating illegally in the UK.

Taxes and Legal Status

• Crypto Is Taxed as an Asset – HM Revenue & Customs (HMRC) treats crypto as an asset so Capital Gains Tax (CGT) applies to profits from trading, staking and lending. If you’re making money in crypto you’re expected to report it.
• Legal Recognition of Crypto & NFTs – As of September 2024 UK law officially recognises crypto assets and NFTs as personal property. This means stronger legal protections against fraud and theft, digital assets will have more legitimacy.

Crypto Exchanges Hit Pause on UK Sign-Ups – Here’s Why

As of March 2025, several major crypto exchanges have paused new account registrations for UK customers—all thanks to tightening regulations from the Financial Conduct Authority (FCA). The crackdown is forcing platforms to reassess their compliance strategies and some have hit the brakes until they get it sorted.

Who’s Affected?

• Binance – In October 2023, Binance stopped accepting new UK users after the FCA banned its partner, Rebuildingsociety.com Ltd (REBS), from approving financial promotions. Without an FCA-approved partner, Binance can’t market its services in the UK. They’re looking for a new one to get back on track.
• Bybit – In September 2023, Bybit decided to exit the UK market before the FCA’s new financial promotions rules came into effect on October 8. These rules require firms to disclose risks and implement consumer protection measures. Rather than rush compliance, Bybit paused new account openings while they figure out how to meet the FCA’s demands.
• Luno – Luno is also restricting some UK customers from investing in crypto assets. Like the others, this move was all about making sure they were fully compliant with the FCA’s stricter advertising and promotion standards.
• CEX.IO – In September 2023, CEX.IO stopped onboarding new UK clients to comply with the FCA’s expanding regulations. However, in September 2024 they resumed operations in the UK after meeting FCA guidelines, however some products are still not available to UK based investors.
• LCX – LCX also paused new UK sign-ups, citing compliance reasons. Their goal? To ensure full compliance with UK regulations while maintaining high security and legal standards.
• KuCoin – Unlike the others, KuCoin didn’t voluntarily pause registrations—the FCA put it on a warning list in October 2023, flagging it as an unauthorized provider. While KuCoin hasn’t publicly announced changes, platforms on the warning list typically have to reevaluate their UK operations fast.

These suspensions show just how much the FCA’s regulatory crackdown is shaking up the UK crypto market. Exchanges that don’t meet compliance standards are being forced to adjust or step back entirely. Unfortuantely, for crypto investors in the UK, this means fewer options for now.

How to Pick a Safe Bitcoin Exchange

In general, UK crypto exchanges offer a safe experience. However, traders shouldn’t assume that all exchanges are credible. As mentioned, it’s best to use a crypto exchange that’s on the FCA register. This means it’s been vetted by the UK’s financial regulator, ensuring transparency and robust security.

I would also suggest checking the exchange’s proof of reserves. This details the amount of crypto reserves held by the exchange. Not only should the reserves cover customer deposits and balances but they should be held in ‘liquid’ coins. These are coins that can easily be converted to money, such as Bitcoin, Ethereum, and Tether.

Make sure the reserves have been audited by a reputable company. Word of mouth is another important tool when choosing a safe crypto exchange. For example, Reddit has millions of users who discuss important crypto topics, including exchanges and wallet providers.

Crypto Exchange Fees Explained

UK investors should have a firm understanding of what fees are charged before joining an exchange.

This should include:

• Deposit Fees: You might be charged a transaction fee when depositing funds into your account. Most UK exchanges charge fees when using a debit/credit card. But UK bank transfers are often free (and near-instant).
• Instant Buy Fees: If you want to purchase crypto instantly with a debit/credit card, an Instant Buy fee will apply. This averages 3-5%.
• Trading Fees: Trading fees, or commissions, will vary from one exchange to the next. OKX and MEXC charge just 0.1% when trading crypto. Gemini and Coinbase charge 1.49%. This is a huge difference.
• Withdrawal Fees: You’ll pay a fee to withdraw crypto from an exchange into a private wallet. This is often more than the real-time network fee. Cashing out GBP to a bank account might also incur a fee.

Assessing your trading goals will enable you to calculate the overall fees. For example, evaluate your preferred payment method, investment size, and number of trades. This will help you keep your costs to a minimum.

How to Use a Cryptocurrency Exchange in the UK

Ready to buy Bitcoin in the UK? Follow the steps below to complete your first crypto investment.

• Step 1: Choose a Crypto Exchange – Select the best crypto exchange in the UK by exploring fees, supported coins, and account minimums. Make sure the exchange offers a safe and user-friendly experience.
• Step 2: Open an Account – You’ll need an account before you can buy crypto. Fill out the online application form by entering some personal information and contact details. You might also need to enter your national insurance number.
• Step 3: Complete KYC – A KYC process will be required if you’re buying crypto with GBP. Most exchanges require a passport or driver’s license. Plus, a bank statement or utility bill.
• Step 4: Make a Deposit – Now it’s time to deposit funds. Choose your preferred payment method, such as a debit/credit card. Type in the deposit amount and confirm.
• Step 5: Decide Which Crypto to Buy – Most exchanges list dozens, even hundreds of coins. Consider which coins are right for your trading goals and risk tolerance. You can then search for the coin.
• Step 6: Buy Crypto – Finally, you’ll need to complete a trading order. This often only requires the total investment size. Confirm the order to buy your chosen coin.

After buying coins from a crypto exchange, decide what you want to do next. If you’re a medium-to-long-term investor, consider withdrawing the coins to a private wallet. You can read our guide on Bitcoin wallets here.

If you’re a short-term trader, you might consider leaving the coins in your exchange account. Make sure you consider the risks, as many exchanges have previously been hacked.

Conclusion

In summary, buying crypto in the UK has never been easier. However, choosing the right exchange can be daunting – as not all providers are credible. If you’re looking for the top crypto exchange, we recommend eToro.

eToro offers a comprehensive and user-friendly crypto wallet that goes beyond simple storage, providing access to a wide range of features designed to enhance your trading experience. This wallet supports a decentralized exchange, allowing investors to trade a diverse selection of cryptocurrencies directly from their wallet. Additionally, eToro users can purchase $EToroX, the platform’s native token, to enjoy discounts on trading fees, making your transactions more cost-effective.

Visit eToro

FAQs

What is the best crypto exchange in the UK?

eToro is the best Bitcoin exchange in the UK. Through this decentralized exchange, customers can trade over a huge selection of cryptocurrencies, as well as gain valuable market insights and token analytics, helping investors make informed decisions throughout their investment journey. Best Wallet is another great choice for UK based investors.

Is OKX available in the UK?

Yes, OKX is available in the UK. However, it’s important to note that OKX operates in compliance with local regulations, and users should ensure they meet any specific requirements for using the platform in the UK, such as identity verification (KYC) and understanding the tax implications of cryptocurrency trading.

What is the cheapest way to buy cryptocurrency in the UK?

eToro is one of the cheapest places to buy cryptocurrency with a debit/credit card. Alternatively, consider MEXC if you’re an active trader, as commissions cost just 0.1%.

Are crypto exchanges safe?

Most crypto exchanges are safe. UK traders should stick with crypto exchanges that have been approved by the FCA.

Why can’t I open a new account on some UK crypto exchanges?

Some exchanges, such as Binance and Bybit stopped accepting new UK users due to new FCA regulations. The UK requires crypto firms to follow financial promotion rules and not all exchanges are compliant yet.

Which exchanges still let UK customers sign up?

Larger exchanges like Coinbase, Kraken and Gemini are fully regulated and still open to new users. If you want a platform that plays by the rules, those are good options. You also have decentralized options like Best Wallet, where you can buy crypto from using on their provided on-ramps.

What should I look for in a crypto exchange?

Make sure the exchange is FCA registered, has strong security, fair fees and an easy to use platform. Also check if they support your preferred coins and payment methods.

Do I have to pay tax on my crypto in the UK?

Yes. If you make a profit from trading, selling or staking crypto, you owe CGT. If you’re paid in crypto, it’s taxed as regular income.

Do UK crypto exchanges report to HMRC?

Yes, major exchanges share user data with HMRC. If you’ve been trading, make sure you’re reporting your gains because HMRC is watching.

How do I check if an exchange is FCA registered?

Go to the FCA website and search for the exchange in their Financial Services Register. If it’s not there, it’s not legit.

References

• Financial Conduct Authority. “Consumer Warning on Binance Markets Limited and Binance Group.” Financial Conduct Authority, https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group.

• Financial Conduct Authority. “Financial Services Register.” Financial Conduct Authority, https://register.fca.org.uk/s/search?predefined=CA.

• Financial Conduct Authority. “FCA Bans Sale of Crypto Derivatives to Retail Consumers.” Financial Conduct Authority, https://www.fca.org.uk/news/press-releases/fca-bans-sale-crypto-derivatives-retail-consumers.

• Bloomberg. “UK’s Afolami Says He Expects Rules on Stablecoins, Crypto Staking Within Six Months.” Bloomberg, https://www.bloomberg.com/news/articles/2024-02-19/uk-s-afolami-says-expects-rules-on-stablecoins-crypto-staking-within-six-months.

• PwC. “HMT Tightens MLRs, Including Cryptoasset Travel Rules.” PwC UK, https://www.pwc.co.uk/industries/financial-services/understanding-regulatory-developments/hmt-tightens-mlrs-including-cryptoasset-travel-rules.html.

• Bloomberg. “Huobi, KuCoin Among Crypto Firms Added to UK FCA’s Warning List.” Bloomberg, https://www.bloomberg.com/news/articles/2023-10-09/huobi-kucoin-among-crypto-firms-added-to-uk-fca-s-warning-list.

• Financial News London. “UK Crypto Firms Face Capital, Insider Trading Rules Under FCA Crackdown.” Financial News London, https://www.fnlondon.com/articles/uk-crypto-firms-face-capital-insider-trading-rules-under-fca-crackdown-50b99513.