Cryptocurrency Brokers, Exchanges & Platforms UK

Best Cryptocurrency Broker int the UK 2018The Best Cryptocurrency Broker UK? Want to trade crypto such as Bitcoin? Too many cryptocurrency trading platforms available?

Don’t worry, we got you.

We spent over 140 hours, deposited, traded, withdrew and reviewed. Below is a list of the best crypto brokers available today.

Here are the Best Cryptocurrency Brokers UK:

Risk Warning:

Your capital will be at risk when using any of the recommended brokers on this page. Never invest money you can’t afford to lose. Using high leverage can result in big losses. Between 65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers listed on our website. provides detailed and constantly updated broker reviews that help people from all over the world find reliable online trading platforms. All of our recommendations are based on rigorous testing done by a team of professionals and are guaranteed to be unbiased and neutral at all times.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is available in the following countries.


  • Albania
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil


  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen


  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong


Tested Cryptocurrency Brokers:

  • eToro
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • LCG
  • CMC Markets
  • FXCM
  • iForex
  • IFC Markets
  • Aaatrade

Our Writer:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

Best Cryptocurrency Trading Platform UK – TOP 7

1. eToro – The number one crypto broker UK.

eToro is the one broker that is really trying to keep up with IQ Option when it comes to cryptocurrency trading.

They offer a great selection of exciting cryptocurrencies as well as unique features such as copy trading and a social network.

They also happen to be one of the best trading platforms UK in general.

eToro is also working on launching their own cryptocurrency exchange sometime during 2018.

Assets: 10+ cryptocurrencies with more being added regularly
License: FCA and CySEC
Demo Account: Yes

Read our eToro Review

Find the best trading platform. You capital is at risk when trading. Be careful.

2. Skilling – A Modern Broker for Modern Instruments.

Are you looking for a new and modern yet beginner and user-friendly broker to trade cryptocurrencies with? Then look no further.

Skilling is a great CFD and forex broker with a big emphasis on cryptocurrencies and innovative trading solutions.

The broker is based in Cyprus and has roots in Sweden, and they have taken the world by storm in the short time they’ve been around.

Naturally, as all cryptocurrency brokers we recommend, Skilling is also 100% regulated which means you don’t have to worry about your safety when trading on their platform.

At the moment, Skilling offers Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple (XRP) but chances are high that the selection will grow substantially over time.

Assets: 5 of the biggest cryptocurrencies
License: CySEC
Demo Account: Yes

Read our Skilling review

Find the best trading platform. You capital is at risk when trading. Be careful.

3. – A Stable Cryptocurrency Broker

Compared to some of the other brokers on this list, has a smaller selection of cryptocurrencies that can be traded.

Right now, Bitcoin, Ethereum, Litecoin, and Dash are on offer, but more digital currencies might be added in the future.

However, as long as you’re okay with that selection, provides one of the most solid broker products in the world of forex and CFD trading. It’s always a pleasure to be in contact with them and using their software to trade cryptocurrencies, or stocks, or anything else is always exciting.

Assets: 4 of the biggest assets
License: CySEC and FCA
Demo Account: Yes

Read our review to learn more

Find the best trading platform. You capital is at risk when trading. Be careful.

4. IQ Option – Some say the best crypto broker UK

There is no arguing that IQ Option the best trading platform for cryptocurrency in the world.

Not only were they one of the first to offer cryptocurrencies as CFDs but they also have one of the largest selections.

In addition, IQ Option lets you buy cryptocurrencies as you would on an exchange and in the spring of 2018 IQ Option launched their own cryptocurrency exchange Hodly.

Assets: 12+ cryptocurrencies ranging from the top ones to smaller altcoins
License: CySEC
Demo Account: Yes

Read our IQ Option Review

Find the best trading platform. You capital is at risk when trading. Be careful.

5. Plus500 – Simplicity wins, great fit for beginners. 

Plus500 is one of the best CFD and Crypto brokers in the industry which is why they qualified for this list.

For the longest time, Plus500 focused on stocks and forex, but in 2017 they also jumped on the cryptocurrency bandwagon.

Thanks to their industry leading platform, excellent features and accounts, and over-all incredible trading experience, Plus500 is one of the best CFD brokers on the planet.

Assets: 10+ cryptocurrencies
License: FCA and CySEC
Demo Account: Yes

Read our Plus500 Review

Find the best trading platform. You capital is at risk when trading. Be careful.

6. Libertex – Offers a large selection of crypto.

Libertex is an innovative broker based in Russia but with an international reach.

They were quick to benefit from the cryptocurrency boom in 2017 and currently offer the largest selection of digital currencies that we’ve seen.

Also, their cross-platform is very easy to use to trade cryptocurrencies and other assets making them a top cryptocurrency broker.

Assets: 20+ cryptocurrencies
License: CySEC
Demo Account: Yes

Read our Libertex Review

Find the best trading platform. You capital is at risk when trading. Be careful.

7. – One of the top cryptocurrency trading platforms UK. has been one of our favorite CFD brokers and cryptocurrency trading platform for many years so we were especially excited when they added crypto to their selection.

Recently, upgraded from the MetaTrader 4 to the MetaTrader 5 enabling some of the best cryptocurrency trading in the world.

In addition to cryptocurrencies, offers 2,000 other assets.

Assets: 6 digital currencies
License: FCA and CySEC
Demo Account: Yes

Read our Review

Find the best trading platform. You capital is at risk when trading. Be careful.

Cryptocurrency Trading Platforms UK

Cryptocurrency Trading UK is something most platforms offer today. The platforms listed above are all great trading platforms for cryptocurrencies, however, here at BullMarketz, we have reviewed and listed a lot of different brokers.

Most of them offer crypto but also other assets.

Below is a list of the best trading platforms available in the United Kingdom.

Trade Cryptocurrency UK:

Find the best trading platform. You capital is at risk when trading. Be careful.

  • All of our recommended brokers in the UK have a license from the FCA or the CySEC which means they are able to operate in the UK. Both agencies are very strict and getting a license from them is not easy, and therefore you can trust the companies that have gone through the process.
  • Most brokers offer between 3 and 10 cryptocurrencies, eToro and IQ Option are two of the brokers that offer the most cryptocurrencies. Bitcoin, Ethereum, XRP, and Litecoin are almost always offered.
  • CFD trading on cryptocurrencies is a simple way to buy and sell crypto without unnecessary hassle. Though you need to be aware there will be some costs, as always, fees are a necessary evil.

While there are many brokers who offer cryptocurrencies, the 5 brokers listed on this page are our top picks.

We recommend that you check these brokers out if you are interested in trading cryptocurrencies, but first a little background information on the cryptocurrency market.

Bitcoin Trading Brokers

The brokers we are listing here are offering Bitcoin, Ethereum, XRP, EOS, Litecoin, Bitcoin Cash and usually even more cryptocurrencies.

Though we recommend that you check out each broker individually.

Most brokers are offering the 5-10 biggest cryptos, however some brokers, like eToro and IQ Option, are offering much more than that.

Which cryptocurrencies do you want to trade?

Make sure the broker you are looking at is offering those. This you can learn either from our reviews or by visiting the brokers directly.

Most of our clients want to trade BTC, so we have listed the best trading platform for Bitcoin.

Which is the best Bitcoin Trading platform?

Here are the Best Bitcoin Trading Platforms in UK:

The brokers listed above are all great options for bitcoin trading uk.

Last update: 2019-05-24

What Are Cryptocurrencies?

Before we get into all the ins and outs of cryptocurrency trading and the best brokers, we wanted to offer a quick review of what cryptocurrencies are.

Chances are that you’ve ended up on this page because you want to start trading cryptocurrencies, which is great.

However, you need to get a good understanding of what these assets are and how they work before you start trading, otherwise, you run the risk of losing more than you gain.

A cryptocurrency is a relatively new form of currency that doesn’t exist in a physical form.

The first and most well-known cryptocurrency is Bitcoin, and the intention behind Bitcoin was to create a decentralized means of payment that wasn’t attached to any banks or governments.

Bitcoin was created in protest against our established systems by developers who wanted to give people power over their own money.

Instead of being regulated and controlled by banks, Bitcoin was controlled by its users and the Bitcoin blockchain.

Since then, the market has developed into something so much bigger than anyone could have expected.

Today, there are thousands of cryptocurrencies and millions of users across the world.

But more importantly, is that cryptocurrencies have developed from only being a means of payment to becoming a full-blown asset class that can be traded anywhere.

Using a cryptocurrency broker (UK) is, in short, a very safe way to day trade cryptocurrencies.

However, day trading cryptos (CFD cryptocurrency) can also be risky business because of the volatile nature of these digital tokens.

Cryptocurrencies and their Characteristics

In short, cryptocurrencies can be used as a regular currency but not in a physical form, instead, all transactions are done on the blockchains that support them.

In the last few years, cryptocurrencies have grown into assets with huge potential that millions of people trade just like they trade stocks or currencies.

And today, the market is so vast and popular that brokers are offering a range of derivatives based on cryptocurrencies, with the most popular one being CFDs, which is what this page will focus on.

Set up a free demo account and try crypto trading without risk

Before you rush and make a deposit with one of these brokers, we advise you to set up a free demo account.

With this demo account, you can try the platform and try trading cryptocurrencies without risking any capital.

This way, you will be able to understand if the broker you picked is the right broker for you before you start trading.

Best Crypto Brokers UK Are Always Licensed

How do we decide who is number one?

And how do we make sure to only make safe recommendations?

First of all, we spend A LOT of our time trying and testing these brokers out.

And once a broker has passed our test we write an in-depth and unbiased review of them.

Also, we only review and list regulated brokers. For the UK, that means that any broker listed in this section is regulated by the FCA or the CySEC.

Our crypto brokers:

  • Our recommended brokers are regulated and licensed to operate within the UK (FCA, CySEC)
  • Almost all brokers have more than one license.
  • The brokers we list have successfully passed our strict requirements to be able to qualify for our list
  • Most of the brokers offer a completely free demo account when signing up
  • You will almost always see Bitcoin, Ethereum, and Litecoin being offered Although, most brokers offer more cryptocurrencies than the three mentioned above

What Makes These Cryptocurrency Brokers Better Than Others?

All of our recommendations are based on strict requirements regardless if we’re recommending cryptocurrency brokers, stockbrokers, or any other type of trading service.

And in order to perform an evaluation that is as accurate and fair as possible, not only do we take our own opinions into account but we also look at what other traders and cryptocurrency enthusiasts are saying.

However, if we were to break it down for you, there are four main aspects that all the cryptocurrency brokers on this page excel at.

Safety – We’ve already mentioned the importance of safety and that every broker we recommend and you use has to have a license. Without a license there is no chance for a broker to even be considered by us, it’s as simple as that.

Selection of cryptocurrencies – Next, we look at the selection. How many cryptocurrencies are available? Today there are some incredible forex brokers out there that have a great product but not enough cryptocurrency products listed. Naturally, they won’t make it to this particular list.

Platform and Ease of Trading – There would be no point in us recommending brokers that were hard to use and the five cryptocurrency brokers on this page are all incredibly easy to trade cryptocurrencies with. Also, there is a range of different platforms offered by our recommended brokers, meaning there is definitely something that will suit everyone.

Fees – One of the main issues with trading cryptocurrencies as CFDs or other derivatives are the fees that tend to be higher than on other assets. Therefore, we make sure to only recommend the brokers that offer the most affordable prices.

That being said, fees are inevitable in this industry, and you will be charged to trade with every broker.

The best trading apps and CFD Brokers today all have the same type of fees regardless if they are forex trading apps or crypto trading apps.

External Cryptocurrency Platforms

There are companies today that develop trading platforms that they offer to forex and CFD brokers so that they don’t have to develop their own cryptocurrency software.

The most popular and used company is MetaQuotes, and they are responsible for two of the most popular cryptocurrency platforms right now, the MetaTrader 4 and the MetaTrader 5.

MetaTrader 4 for Crypto Trading

The MetaTrader 4 is a forex trading platform and one of the leading software in the forex industry.

It has been designed to handle a range of currency pairs, and over the last couple of years, cryptocurrencies have been added to it.

That means that you can use the MetaTrader 4 cryptocurrency platform to trade Bitcoin, Ethereum, and a range of other digital currencies as currency pairs with fiat currencies or other cryptocurrencies.

It’s very similar to how one would normally trade on the foreign exchange market.

However, since the MT4 is designed for forex trading, it can be a bit limited for certain traders which is why MetaQuotes decided to develop a separate platform for other types of derivatives trading. That platform is called the MetaTrader 5.

Also read: How to Trade Forex.

MetaTrader 5

The MetaTrader 4 is a popular cryptocurrency platform that shares many similarities with the MT4 but that in many ways offers better and more varied solutions for the cryptocurrency trader.

The MT5 was developed to compensate for what the MT4 lacked and is mostly used for CFD trading.

In fact, the MetaTrader 5 is one of the best CFD trading platforms in the world right now.

One of the reasons why the MT5 is so popular is that it supports CFDs on thousands of assets including a wide-range of cryptocurrencies. In other words, the MT5 is one of the best cryptocurrency platforms today.

Cryptocurrency Trading Software

In the world of cryptocurrencies, it is more common to offer cryptocurrencies on a platform that was designed in-house because cryptocurrency exchanges still dominate the market space.

Generally speaking, all cryptocurrency exchanges design and develop their own unique cryptocurrency trading software.

For example, Binance has its own platform and so does OKEx.

Who offers the best cryptocurrency trading software?

If we look at the brokers offering cryptocurrency trading software, most of the top brokers also design their own platforms.

However, there is a range of brokers offering the MetaTrader 4 and the MetaTrader 5.

One of the main benefits of trading on a proprietary platform is that the tools, features, and functions have been designed to fit the exchange or broker perfectly.

It usually also means that the customer service representing the broker or the exchange knows the platform inside and out.

While in the case of third-party platforms, customer service representatives often rely on information from the developer.

In the end, it’s up to you to find a service that you like and a platform that you feel comfortable with, and neither solution is better than the other.

What Is the Main Difference Between Buying and Trading crypto?

One of the biggest differences is that when you buy Bitcoin or any other cryptocurrency with an exchange you will actually own that cryptocurrency and you also have to store it somewhere safe.

When you trade with a broker, you do so through CFDs, and you don’t actually own the cryptocurrency.

Instead, you enter into a contract with the broker.

The contract will state how much the currency is worth at that time, and once you sell it your profit is determined by the spread.

We would argue that it is less hassle to trade a cryptocurrency than to buy it and store it.

Another key benefit of trading is that the brokers you will be trading with are regulated by the FCA and thus safe to trade with compared to exchanges that, in some cases, are unsafe and unreliable.

Every week there is a new exchange hack, and they get worse and worse each time.

Benefits of Trading Cryptocurrencies

  • The information above does not suggest that buying through an exchange is a bad idea. However, since you landed on this page interested in trading, we will list some of the benefits of trading here.
  • You don’t actually own and have to store the coin. Setting up a wallet can be complex.
  • The brokers are fully regulated to offer their services. This means it is a lot safer than unregulated crypto businesses, no matter how good they seem. The FCA closely monitors these companies. No one is watching the crypto exchanges.
  • You can use a free demo account, try it out and see what the fuss is about before you decide to invest.
  • The brokers offering crypto also offer many other interesting trading opportunities. Additionally, they have often been in business for a long time, and therefore we have more trust in them.
  • You will be able to make use of leverage, something brokers offer and not exchanges. With leverage, you can earn more profit, but also suffer bigger losses so be careful. Update: ESMA updated their guidelines on leveraged trading for cryptocurrencies. Pre-update leverages as high as 500:1 was allowed. Currently, regulated cryptocurrency brokers are only allowed to offer a 2:1 leverage on crypto.

Are There Any Drawbacks?

  • The risk used to be quite high for cryptocurrency trading since the leverage offered was sometimes 1:500. However, this has changed with the ESMA’s new regulations, and now the leverage cannot exceed 1:2 which is a lot safer. Though different regulators impose different rules. This means that some brokers might still allow leverage exceeding 1:2. We urge our clients to trade carefully if you are using leverage.
  • Another problem is the fees associated with trading cryptocurrencies, but these fees apply regardless of whether you use a broker on an exchange. Though it is very important that you are aware of the possible fees the broker you want to use have. That way you won’t run into any nasty surprises.

With that said, there are a few cryptocurrency exchanges that are awesome. And we are going to take a look at them here.

Cryptocurrency Exchanges in UK

As the cryptocurrency industry experienced an unparalleled increase in the number of traders, the interest in finding the best cryptocurrency exchange skyrocketed.

As a result, new cryptocurrency exchanges started opening on an almost a weekly basis and now there are hundreds of active exchanges, compared to only a handful 6 or 7 years ago.

Naturally, this gives traders the option of finding a broker that suits them perfectly, but the sheer number of exchanges makes it a daunting experience. Therefore we’ve listed the top five best cryptocurrency exchanges today.

Here Are The Best Cryptocurrency Exchanges in UK:

Last update: 2019-05-24

Top 5 Best Cryptocurrency Exchanges UK

Now for the reason, you guys are all here, our cryptocurrency exchange recommendations.

Note that the following exchanges have gone through rigorous testing and reviewing and they have provided the best results out of all the services we’ve tried.

How can I buy Bitcoin and other cryptocurrencies in the UK? Use one of the following exchanges:

1. Binance

Binance is the king of cryptocurrency exchanges and currently the largest exchange based on trading volume.

The service was launched in July 2017, and it only took 165 days for the exchange to become the biggest in the world.

At first, Binance was based in Hong Kong but later moved to Japan before settling in Malta.

Binance has a great reputation in the industry and offers one of the largest selections of tradable assets, making it a great choice for everyone.

They also offer state of the art trading tools and a platform that is as easy to use as it is efficient. In terms of safety, Binance is fairly safe, and they rarely experience any downtime.

Number of listed cryptocurrencies: 387 (as of October 2018)
Safety: Fairly safe
Fees: Competitive fees

2. Hodly

Hodly is brand new cryptocurrency exchange that was launched in early 2018 by the forex broker IQ Option.

Over the last few years, IQ Option has been spearheading the cryptocurrency market.

In order to accommodate as many users as possible, they decided to design Hodly, their own cryptocurrency exchange and e-wallet hybrid.

Hodly is super modern, easy to use and has an okay selection of some of the most popular cryptocurrencies today.

Better yet, Hodly has something no other broker has, and that’s regulation. You see since IQ Option is a regulated forex and CFD broker, Hodly sort of falls under that regulation to making it the safest option on this list.

Number of listed cryptocurrencies: 15 (as of October 2018)
Safety: Safest cryptocurrency exchange in the world
Fees: No fees for transfers between customers and very low fees for everything else

Read our Hodly Review

3. Bithumb

Bithumb is a South Korean cryptocurrency exchange based in Seoul and currently the second largest exchange based on trading volume.

Today, most of Bithumb’s customers are Korean but it’s possible for people from around the world to register an account with Bithumb.

This cryptocurrency exchange currently lists 50 markets and is known to be safe and fair. However, Bithumb is also known for listing assets at much higher rates than elsewhere in the world.

Number of listed cryptocurrencies: 50 (as of October 2018)
Safety: Okay
Fees: Fees are pretty fair compared to some other top exchanges

4. OKEx

OKEx is a global cryptocurrency exchange based in Hong Kong that currently offers 506 markets. Similar to Binance, OKEx has moved parts of their business to Malta in order to enjoy better regulation and easier laws, as well as the opportunity of offering a safer service to the world.

OKEx is a great service, and to us, there is no doubt that this is one of the best cryptocurrency exchanges in the world.

Number of listed cryptocurrencies: 506 (as of October 2018)
Safety: Okay but could be better, certain parts of the exchanges have proven to be sensitive to breaches
Fees: Fees are good

5. Huobi

Huobi is a cryptocurrency exchange that was launched in China but quickly expanded to Japan and the United States as well.

The exchange is now run and operated from Singapore. As of August 2018, Huobi is a publicly traded company on the Hong Kong exchange meaning it operates under stricter regulation than most other exchanges.

Trading with Huobi is a pleasure, and the trading platform makes this one of the top cryptocurrency exchanges in the world.

It is also the fourth largest exchange based on daily volumes.

Number of listed cryptocurrencies: 281 (as of October 2018)
Safety: Huobi is a listed company meaning it is monitored more than others, although the exchange has been hacked in the past
Fees: Fees are fair for the industry

Are Cryptocurrency Exchanges Safe?

That is a very good and highly debated question with no clear answer. In short, the answer is yet, the right cryptocurrency exchange is usually safe. However, the real and long answer is more complicated than that.

At the moment, the problem in terms of safety with the cryptocurrency industry is that it lacks regulation.

For example, the CFD and forex industry are regulated meaning there are impartial entities that oversee the industry and make sure that rules, laws, and safety is upheld.

In fact, every serious and trustworthy broker in that industry has a license to offer their services.

The cryptocurrency industry is different, and there is no license, and so far there is no real regulation or control from agencies and such.

Then again, the biggest cryptocurrency exchanges do have their customers’ interest at heart, and they do everything they can to keep customers and their funds safe.

Unfortunately, that’s not always enough.

Over the last couple of years, there have been several cyber attacks directed towards exchanges all over the world, and while most of them have been stopped before they inflicted any damage, some did manage to succeed.

In the cases where hackers actually go into the system, cryptocurrencies worth several million dollars has disappeared. And this has created a new issue.

Since there is no regulation regarding how exchanges should act when there is a breach, we have witnessed two scenarios.

In most cases, the exchange promises to pay customers back for lost funds, either in full or partially. In other cases, the exchanges have decided not to pay customers back.

So, in an attempt to answer if cryptocurrency exchanges are safe, the answer is both yes and no.

It is up to you to make the final decision of which cryptocurrency exchanges you want to trust, and you have to accept the risks associated with trading in an unregulated environment.

Safety is extremely important to us and something we take a very close look at when reviewing exchanges, meaning all the recommended exchanges on this page are doing everything they can to keep their servers, customers, and funds protected.

Fake Wallets

This is one of the easiest ways the scammers will run away with your money. Since the cryptocurrency market is more or less completely unregulated it is fairly easy to set up a fake wallet.

Even if you have a regulated broker where you trade if you wish to withdraw fund from say eToro, be sure to use a secure and legit wallet

Licensed and Regulated trading platforms

Again, and just to round off this article about crypto trading platforms UK and exchanges.

We like the idea of both, though we prefer and recommend using a licensed broker. We generally recommend our users to stay away from unregulated exchanges and brokers.

Our Author:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.


  • comment-avatar
    roger88 7 months ago

    So I have been considering investing in cryptos for a long time however I am not sure how to do it. It is all quite confusing to me.. Why is Plus500 better than a crypto exchange? Or is it the other way around?

    • comment-avatar

      This is very dependant on what your goal is, an exchange might be the best option if you are looking to HODL, and hold cryptos for a long time. While a broker is superior when it comes to day trading cryptocurrencies.

  • comment-avatar

    I am interested in investing in cryptocurrencies long term. What broker is the best?

    • comment-avatar

      Hey Jod,

      If you are looking to invest in crypto for the long haul we suggest that you use an exchange rather than a broker. A broker is best to use when it comes to day trading cryptocurrencies. Invest long term then you are better off with an exchange, there will be a little bit more fees upfront but fewer fees long term.

      // BM

  • comment-avatar
    Crypto broker vs Crypto exchange? 6 months ago

    Broker vs. Exchange?

  • comment-avatar
    Vitya 4 months ago

    It seems that most of these platforms have a very limited amount of crypto available.. not very suitable for those that want to trade on lesser-known coins.

  • 65-89% of retail CFD accounts lose money.