Cryptocurrency Brokers, Exchanges & Platforms UK

Best Cryptocurrency Broker int the UK 2018Looking to trade cryptocurrencies? Then you have to consider using one of the best cryptocurrency brokers in the UK. They offer many benefits compared to other trading and investment software and are available to everyone.

Our team of crypto trading experts have spent well over 150 hours on testing, reviewing, and evaluating all the brokers and have created a list of the top crypto brokers in the UK.

Here are the Best Cryptocurrency Brokers UK:

Risk Warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Bullmarketz may be compensated by some of the brokers listed on our website.

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.

Europe:

  • 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

Africa

  • 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

Asia

  • 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

Oceania:

Tested Cryptocurrency Brokers:

  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPMarkets
  • AmanaCapital
  • Admiralmarkets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • FXPro
  • ForexTime
  • HYCM
  • FXGrow
  • TeleTrade
  • Trader.online
  • Marketscube
  • Finmaxbo
  • FXCC
  • Oanda
  • Forex.com
  • 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 BullMarketz.com 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. Plus500 – Simplicity wins, great platform. 

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.

2. CMC Markets – 12 Cryptocurrency Derivatives on Offer

CMC Markets allows all their customers to benefit from the highly-volatile cryptocurrency market. With a total of 12 cryptocurrencies that are traded against the USD, you can apply your derivatives trading skills to the world’s newest market.

This broker does not have a wallet and all cryptocurrency trading is done using derivatives similar to trading stocks as CFDs.

In addition, you can trade cryptos using CMC Markets with the two desktop platforms or the incredible mobile trading software.

Not sure which platform or broker will suit you better? Register a CMC Markets demo account today and test it out for yourself.

Assets: 12 cryptocurrencies traded against the USD
License: the FCA
Demo Account: Yes

In our CMC Markets guide, we share more information about the broker

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

3. 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.

4. AvaTrade – Groundbreaking Crypto Broker

AvaTrade has been spearheading the online crypto trading market for quite some time.

With a solid selection of the most popular cryptocurrencies as well as great platforms, both on desktop and mobile, this broker is an excellent choice for anyone wanting to speculate on the digital currency market.

Sign up with an AvaTrade account to gain access to 8 cryptocurrencies including EOS and Bitcoin Gold, which most brokers do not offer at the moment.

In our opinion, AvaTrade is best experienced through their trading apps but it’s up to you, trading cryptos with MT4 and AvaTrade is also a great experience.

Assets: 8 cryptocurrencies
License: Central Bank of Ireland
Demo Account: Yes

Read more in our AvaTrade guide

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

5. IG Markets – The Epitome of a Great Cryptocurrency Broker

IG Markets is not only one of the most respected and well-established brokers in the business, but they are also known for the innovation.

Besides 8 exciting cryptocurrencies including EOS, NEO, and Stellar as well as all the biggest assets, IG Markets also has a Crypto 10 Index which provides exposure to all the ten most traded cryptocurrencies at once.

Better yet, cryptocurrencies are available on all of IG’s platforms meaning you can trade them on your desktop, your smartphone or using the advanced trading platform.

Moreover, IG Markets belongs to the absolute top-tier of CFD and forex brokers in the world so you know that you’ll be in good hands when using this broker for all your trading needs.

Assets: 8 cryptocurrencies and 1 crypto index
License: FCA
Demo Account: Yes
Read our IG Markets review for more information.

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

6. Forex.com – Trade Cryptocurrencies Like a Pro

Forex.com does not have the biggest selection of cryptocurrencies on the market but they do have two of the best platforms as well as a reputation of belonging to the best of the best.

There are currently 8 cryptocurrencies offered on Forex.com’s platforms and you have the option of quickly choosing between going short or long since. Although, right now you can only go short on BTC and ETH.

Better yet, Forex.com has incredibly fair spread on cryptocurrency trading, meaning you don’t have to pay as much to trade as you would with other broker and exchanges.

Moreover, Forex.com is owned by the massive American financial firm called Gain Capital that also operates City Index.

Assets: 8 cryptocurrencies as CFDs
License: the FCA and several more, including in North America
Demo Account: Yes

In this Forex.com guide, you can learn more about the broker

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

 7. City Index – CFD Trading and Spread Betting Cryptocurrencies

If you’re looking for an innovative cryptocurrency broker where you can pick between CFD trading and spread betting, we recommend City Index.

This incredible broker was one of the first spread betting brokers in the UK back in the 1980s and today it’s one of the leading online brokers in Europe.

This broker currently has more than a handful of cryptocurrencies on offer and two of the best online platforms that we’ve ever come across. Needless to say, City Index should be considered by anyone looking to trade cryptocurrencies online instead of owning them through a digital wallet or an exchange.

As a bonus, City Index has a great educational resource where you can learn all the basics of trading or optimized your more advanced strategies.

Assets: Several of the top cryptocurrencies
License: the FCA
Demo Account: Yes

See our City Index guide for more information

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

8. 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.

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.

 9. 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

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:

  • 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: 2020-03-19

Crypto Trading – The Dos and Don’ts

In 2009, Bitcoin became the first official cryptocurrency to be launched, making the cryptocurrency market one of the youngest financial markets in the world. Yet, the market has grown tremendously in popularity over the past 10 years and today, there are thousands of assets available.

Originally, cryptocurrencies were traded using exchanges and wallets where the investor bought the actual asset. This type of investment is still available and popular today, however, more and more traders are opting to trade cryptos as derivatives.

In 2013, the forex and CFD broker Plus500 became the first broker to start offering a CFD on Bitcoin, effectively creating a brand new market. Not long after, other brokers started following suit and nowadays, most top CFD brokers offer CFDs on bitcoin and several other cryptocurrencies.

What Are Cryptocurrencies?

Before we get into the nitty-gritty about cryptocurrency brokers, we thought we’d offer a brief explanation of what cryptocurrencies actually are.

A cryptocurrency is a decentralized, digital currency that allows users to conduct financial transactions without the influence of third-parties. Furthermore, most cryptocurrencies are based on blockchains which often support other usages as well such as storage and information sharing.

The fundamental idea of cryptocurrencies is that they are not connected to a centralized body such as a bank or a government, making them immune to the traditional governmental control and oversight, thus giving the users all the control.

Another great benefit with cryptocurrencies is that they allow for big transactions to be done immediately for minimal fees, allowing users to transfer a large amount of value all over the world.

As mentioned, there are thousands of cryptocurrencies on the market today and they all serve different purposes. That being said, the most interesting and user-friendly cryptos are the top 10 – 20 biggest ones, which also happens to be the cryptos that most cryptocurrency brokers offer.

At the time of writing (early 2020) the following cryptocurrencies were the biggest ones. Keep in mind that this list can change slightly depending on the cryptos’ value.

  • Bitcoin
  • Ethereum
  • XRP (Ripple)
  • Tether (a stable coin based on USD)
  • Bitcoin Cash
  • Litecoin
  • Bitcoin SV
  • EOS
  • Binance Coin
  • Tezos

Other popular cryptocurrencies offered by several cryptocurrency brokers are Stellar, Monero, Dash, TRON, etc.

What Is a Cryptocurrency CFD?

To fully understand the difference between a cryptocurrency broker and a cryptocurrency exchange, you have to understand what a CFD is.

CFD is short for Contract for Difference and it’s a derivative based on an underlying asset. That means that you never buy the actual asset when trading CFDs, but rather speculate on the asset’s value. In other words, your task when trading cryptocurrency CFDs is to predict whether the price of a cryptocurrency is going to increase or decrease in value over a specific period of time.

Besides cryptocurrencies, brokers can offer CFDs on pretty much any underlying asset such as stocks, commodities, indices, and more. That means that you can use the top cryptocurrency brokers to trade on other markets than the cryptocurrency market.

Moreover, almost all CFD brokers are also forex brokers offering the option of trading currency pairs. The forex market is the biggest market in the world and it provides many exciting trading opportunities.

What Defines a Cryptocurrency Broker?

A cryptocurrency broker often referred to as a CFD broker or an online broker is a broker that offers CFDs on cryptocurrencies as well as other instruments. All trading is done online using the brokers trading platform which can either be a third-party platform such as the MetaTrader 4 or MetaTrader 5, or a proprietary platform developed by the broker itself.

The trading platform is where you will be doing all the analysing and trading and the best crypto brokers offer all the tools you need to do this efficiently. That means you’ll gain access to a range of analytic software, graphs, alarms, robots, and more.

Most brokers also offer educational material that beginners can use to learn how to trade CFDs and forex and more experienced traders can use to optimize their strategies.

In other words, the best cryptocurrency brokers in the UK will provide you with everything you need to trade, all under the same roof.

Is Cryptocurrency Trading Safe?

That is a very good question with a slightly complex answer. Generally speaking, cryptocurrency trading is safe as long as you know what you’re doing and only use regulated brokers. In case you don’t use a regulated broker, chances are that you will get ripped off and even have your funds stolen.

Therefore, we advise you to only use brokers that have been recommended by us since they are all regulated and licensed by the UK’s leading financial regulatory bodies. We talk more about cryptocurrency trading regulation further down.

With that being said, all forms of trading are associated with certain risks, mainly the risk of placing bad trades and losing your invested funds. This is the reality and a risk that we all have to accept when we start trading. Although, by learning how to trade, using a good and tested strategy, and continuously improving your knowledge, you can limit this risk.

Keep in mind that even the best cryptocurrency day traders that make a living from trading lose money at times and that there is no guarantee that will protect you from the occasional loss. Also, you will likely be losing more than you gain when you first get started so you need to be patient.

What Makes a Great Cryptocurrency Trading Platform?

Now let us take a look at some of the characteristics that the best cryptocurrency platforms offer. Keep in mind that all brokers are slightly different from each other and that their tools and platforms can differ. However, the following features are something that all top brokers share.

1. Licensed and Regulated Unlike Cryptocurrency Exchanges

The number one thing that sets the top brokers apart from all other brokers and traditional cryptocurrency exchanges is that they are licensed and regulated. That means that the broker has had to go through a strict process to be approved by a regulatory body that oversees and evaluates the broker continuously.

For traders like you and me, this means that we can trust that the broker will be fair and honest and that their policies and platforms will undergo regular audits to ensure their fairness and safety.

Moreover, using a regulated cryptocurrency broker is absolutely crucial and under no circumstances should you open an account with a broker that isn’t licensed by one of the following regulatory bodies.

  • FCA

The Financial Conduct Authority (FCA) is the official regulatory body in the United Kingdom. Their job is to oversee everything from banks to online brokers and they are considered to be one of the top regulatory bodies in the world.

Subsequently, any cryptocurrency broker with a license from the FCA can be considered safe and trustworthy.

  • CySEC

Similar to the FCA, the Cyprus Securities and Exchange Commission (CySEC) is responsible for overseeing online brokers in the European Union. They’re tasked with regulating and controlling fairness and safety on the market.

Most of the recommended crypto brokers on this page has a license from both FCA and CySEC, although a license from either one is more than enough.

2. Specific Selection

One great benefit with cryptocurrency brokers is that they offer a more limited selection of cryptocurrencies than exchanges. At first glance, that might sound like a disadvantage, but it really isn’t.

You see, the cryptocurrency market consists of thousands of instruments and most of them are hard to analyze making them more or less impossible to trade efficiently. To combat this issue, brokers tend to only offer the most popular ones because they’re much more predictable.

Also, by having a smaller selection of cryptocurrencies on offer, you won’t be as overwhelmed by the options you’re presented with and can instead focus on trading just a few assets at once.

All this does make it a lot easier to make a profit as a cryptocurrency trader.

3. Long or Short Trading

As mentioned, when trading CFDs, your job is to predict whether the value of an instrument will increase or decrease. That means that the best cryptocurrency platforms make it just as easy to go long or short. (Short trading means that you’re betting against the market, ie. that the value will decrease).

Most cryptocurrency exchanges, on the other hand, does not make it as easy to go short, meaning you lose out on half of your opportunities.

4. Use of Leverage

One thing that defines an online broker is the option to use leverage and margin, which helps you increase the exposure for each position you open, thus allowing you to increase your potential profits.

Today, leveraged CFD trading has been limited in Europe and you can only use a 2:1 leverage on cryptocurrencies.

Just keep in mind that leverage and margin work both ways and while it can increase your potential profits, it can also increase your potential losses. Therefore, leverage should always be used carefully.

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.

How To Register an Account with a Cryptocurrency Broker

By now, you should have a solid idea of what a cryptocurrency broker is and how you can use these broker to trade on the crypto market. The last step is to find a broker that you like and register an account with it.

Due to the regulation mentioned above, all brokers use the same registration process and it’s rather straightforward. In case, you want to start trading cryptocurrencies with a top broker, this is how you do it.

  1. Find a good broker – We suggest that you only stick with the brokers that we have recommended and listed at the top of this page. Those brokers have gone through a detailed evaluation process conducted by our experts and are the best cryptocurrency broker on the market. That means that they are trustworthy and that they will provide you with all the tools and features you need to succeed.
  2. Start the Registration – To get started, you have to visit the broker using one of our provided links. Find the registration button saying “Open an Account”, “Register Now”, or similar. Then you provide all the necessary information such as your name, address, email, phone number, etc.
  3. Complete a Short Test – In order to ensure your safety, the broker will now ask you to conduct a small test regarding the use of leverage. The result of the test will determine how much leverage you will have access to when trading. It’s a simple test that can be completed in a matter of minutes.
  4. Verify Your Identity – In accordance with trading regulation and for the purpose of protecting you and the broker, you will have to verify your identity before you can start trading. This is done by submitting a copy of your ID (passport, driver’s licenses, or national ID) as well as a proof of address, ie. a recent bank statement or a utility bill. The broker will then check your information to confirm that you are you before you can deposit money and start trading.
  5. Make Your First Deposit – After your identity has been verified, you will be able to deposit funds to your trading account and start trading. All broker support a range of payment methods such as bank & credit cards, PayPal, Skrill, Neteller, and bank transfers. Pick the method that suits you the best and deposit an amount that you feel comfortable with and can afford to lose.

Pro tip: All the recommended cryptocurrency brokers offer a demo account which is an exact replica of a regular trading account with the only difference being that you trade using virtual money. These accounts serve two different purposes.

Firstly, a cryptocurrency demo account can be used to test the broker and the provided tools to ensure that you feel comfortable with them.

Secondly, demo accounts are perfectly suited for training and strategy development for both beginners and experienced traders.

Generally speaking, you can open a demo account without registering and verifying your identity meaning you can use them to compare brokers and test them before you sign up for a real trading account.

Cryptocurrency Exchanges in UK

What about cryptocurrency exchanges and wallets? Well, this guide wouldn’t be complete without us mentioning cryptocurrency exchanges and wallets.

Even though we always recommend that you trade your cryptos using an online broker, there are some limitations to that. For example, in case you want to buy the cryptocurrencies as an investment or use them as currencies, as they were originally intended to be used, you can’t use a broker.

Unlike a cryptocurrency broker, an exchange allows you to buy any cryptocurrency you want to either keep as an investment, trade with other instruments, or store and use as a form of payment. Below, we have listed the best cryptocurrency exchanges in the industry for your convenience.

Note: In case you’re planning on storing your cryptocurrencies for a longer period of time, cryptocurrency exchanges aren’t optimal. Instead, you need to store them and your private keys in a safe wallet or preferably a cold storage (offline wallet) such as the Trezor.

Here Are The Best Cryptocurrency Exchanges in UK:

Last update: 2019-05-24

Top 4 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. 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

3. 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

4. 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 BullMarketz.com 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.

COMMENTS

WORDPRESS: 7
  • comment-avatar
    roger88 2 years 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? 2 years ago

    Broker vs. Exchange?

  • comment-avatar

    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.