Top Crypto Platforms in the UK

To determine what is the best crypto exchange for UK investors, we have examined over 50 platforms in depth. Using our in-house methodology, we have ranked them based on UK regulation & licensing, features, supported assets, user experience, GBP deposit methods, fees and more. Refer to the below list for a detailed summary of the five best exchanges in the UK.

1. Uphold

Uphold is the best overall crypto exchange in the United Kingdom and is based in London. Their platform offers over 250 cryptocurrencies to buy, sell and stake through their Financial Conduct Authority (FCA) regulated exchange. The Uphold exchange offers instant and cheap GBP deposits via Bank Transfer, Debit Card, Credit Card and other methods.

The reason we rank Uphold as the best crypto platform in the UK is because they are the only exchange with an audited proof-of-reserves. This means they provide real-time data of how they are custodying customer funds the prove they are always fully backed 1:1. That level of transparency makes them the best and safest exchange in the country.

  • Fees: Free deposits on all methods except card, which is subject to a 2.49% fee. Crypto trading fees vary between 0.8% - 1.2%.
  • Supported Assets: 210 cryptocurrencies, 40 shares, 4 precious metals and 27 fiat currencies.
  • Regulation & Licensing: Regulated and Licensed by the FCA.
  • Customer Support Options: 24/7 support via live chat and email.
  • GBP Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
Uphold Exchange UK

If you would like to learn more about this exchange, you can visit our detailed Uphold Review.

2. Bybit

Bybit is the largest non-KYC cryptocurrency exchange in the world and is available to use in over 180 countries including the UK. It is one of the only platforms that do not require users to verify their identities in order to deposit, withdraw and make trades via spot and derivatives markets. Additionally, it offers the most robust futures trading platform that supports leverage trading up to 100x on selected tokens. The exchange also provides over 10 different crypto staking options.

  • Fees: Deposits and withdrawals are free and there are 0% fees on spot markets (limited time only, normal rate is 0.1%) and the maker/taker rebate is 0.01%/0.06%.
  • Supported Assets: 400+ cryptocurrencies.
  • Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements).
  • Customer Support Options: 24/7 support via live chat, email, ticketing system & phone.
  • GBP Deposit Methods: Wise, Credit Card, Debit Card, SEPA, ZEN, Bank Transfer, Revolut, Fastpayment, Maestro & Google Pay.
Bybit Exchange.

If you would like to learn more about this exchange, you can visit our detailed Bybit Review.

3. Binance

Binance is the leading global cryptocurrency exchange that offers a platform for trading Bitcoin, Ethereum, and many other cryptocurrencies. The platform is known for its wide selection of cryptocurrencies, as well as its fast and secure transaction processing and user-friendly interface. Binance is available in over 130 countries, including the United Kingdom. It has the highest trading volume out of any digital-asset trading and investing platform

  • Fees: Deposit & withdrawal fees vary depending on your method and are between 0.5% - 1.8%. Spot trading is 0.1% and the derivatives maker/taker rebate is 0.02%/0.04%.
  • Supported Assets: 350+ cryptocurrencies.
  • Regulation & Licensing: Regulated by the FCA.
  • Customer Support Options: 24/7 support via live chat, email & online ticketing system.
  • GBP Deposit Methods: Fasterpayments & Credit/Debit Card.
Binance Exchange.

If you would like to learn more about this exchange, you can visit our detailed Binance Review.

4. KuCoin

KuCoin is a feature-rich cryptocurrency exchange that is available in over 160 countries including the UK. It offers spot, derivatives and margin trading. Additionally, you can stake hundreds of tokens on the exchange, as well as invest in NFTs. KuCoin provides one of the largest selection of tokens through its platform and currently supports over 600 on spot markets. In addition, there are over 2000 pairs to trade on futures/derivatives markets.

  • Fees: Deposits & withdrawals are free and spot trading starts from 0.1%. The derivatives maker/taker rebate is 0.02%/0.06%.
  • Supported Assets: 600+ cryptocurrencies.
  • Regulation & Licensing: Not regulated in the UK, and does not require users to KYC. 
  • Customer Support Options: 24/7 support via live chat, email & through its online ticketing system.
  • GBP Deposit Methods: Credit/Debit Card, Simplex, Banxa, Bank Transfer & Apple Pay.
KuCoin Exchange.

If you would like to learn more about this exchange, you can visit our detailed KuCoin Review.

5. eToro

eToro is a global multi-asset investing platform that allows users to buy and sell a variety of assets, including crypto, shares, commodities, currencies, indices and ETFs. The platform is available in over 140 countries, including the United Kingdom. In addition to buying and selling assets, eToro also offers tools and resources for conducting market research and analysing trends, as well as a social network where users can connect with other traders and investors.

  • Fees: Deposits & withdrawals are completely free and crypto trades are subject to a 1% flat fee.
  • Supported Assets: 92 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies and 300 ETFs.
  • Regulation & Licensing: Regulated & Licensed by the FCA.
  • Customer Support Options: 24/7 support via live chat, email & online ticketing system.
  • GBP Deposit Methods: Bank Transfer, Credit/Debit Card, eToro Money, Skrill, Neteller, Rapid Transfer & Trustly.
eToro Exchange.

If you would like to learn more about this exchange, you can visit our detailed eToro Review.

Is it Legal to buy Crypto in the UK?

Yes, it is legal to buy and sell cryptocurrency in the United Kingdom. There are no laws that specifically prohibit individuals from buying and selling cryptocurrency in the UK. However, you should be aware that cryptocurrencies are not legal tender in the UK, and there are some regulatory issues to consider when buying and selling them.

The Financial Conduct Authority (FCA) has issued guidance on the use of cryptocurrency in the UK, stating that it is not regulated by the FCA and that individuals should be aware of the risks associated with using it. In particular, the FCA has warned about the risks of fraud and money laundering associated with cryptocurrency.

How is Crypto Taxed in the UK?

In the UK, the tax treatment of cryptocurrency transactions depends on the nature of the activities involved. Here are some general guidelines:

  • If you hold cryptocurrency as an investment (i.e., as a capital asset), you will generally be subject to capital gains tax when you dispose of it. This means that if you sell cryptocurrency for a profit, you will need to pay tax on the gain. However, if you sell cryptocurrency for a loss, you may be able to offset that loss against other capital gains.
  • If you use cryptocurrency for transactions that are not investments (e.g., buying goods or services), you may be subject to value-added tax (VAT). In this case, you will need to pay VAT on the value of the goods or services you purchase using cryptocurrency.
  • If you are mining cryptocurrency as a trade or business, your mining activities will be subject to income tax. This means that you will need to pay tax on any profits you make from mining.

It is important to note that the tax treatment of cryptocurrency can be complex and may depend on your individual circumstances. You should consult a tax professional or HM Revenue and Customs (HMRC) for specific advice on how your cryptocurrency transactions will be taxed.

Final Thoughts

UK investors have a wide range of cryptocurrency exchanges to choose from. Each exchange offers its own set of features, supported assets and fees, so it is important that you do your research carefully before deciding which one is best suited for you.  We recommend that you take into account the fees, supported assets and customer service options of each exchange when making your decision.