Looking to invest in digital currencies after Bitcoin's surge past $68,000? You’ll need a reliable crypto exchange to buy, store, and sell assets securely. With hundreds of options in the UK, choosing the right platform can be daunting. To simplify your search, we’ve reviewed the 6 most popular crypto exchanges for UK users and compiled a list of crypto-friendly banks.
👉 Compare top crypto exchanges
Top 6 Crypto Exchanges in the UK
1. Coinbase
Overview:
With 56M+ users, Coinbase offers a beginner-friendly platform with 100+ cryptocurrencies.
Key Details:
- Minimum Deposit: £2
- Fees: 0.5%–4.5% (see fees)
- Wallet: Yes (Coinbase Wallet supports NFTs and staking)
- Payment Methods: Cards, bank transfers, SEPA, SWIFT
Pros:
✅ Easy-to-use interface
✅ Strong security & educational rewards ("Learn and Earn")
Cons:
❌ Downtime during market volatility
❌ Limited altcoins
Best for: Beginners
2. Gemini
Overview:
Known for robust security and insurance coverage.
Key Details:
- Fees: 0.5%–3.99% (see fees)
- Crypto Selection: 50+
Pros:
✅ Institutional-grade security
✅ Insured against breaches
Cons:
❌ High fees for small trades
❌ Email-only support
Best for: Security-focused traders
3. Kraken
Overview:
A veteran exchange (2011) with low fees and advanced tools.
Key Details:
- Fees: 0%–0.26% (see fees)
Pros:
✅ High cybersecurity ratings
✅ Competitive fees
Cons:
❌ Complex for beginners
Best for: Advanced traders
4. eToro
Overview:
Social trading platform with copy-trading features.
Key Details:
- Minimum Deposit: $50
- Fees: 0.75%–5% spread
Pros:
✅ Integrated social investing
Cons:
❌ Limited crypto selection (20+)
Best for: Strategy diversification
5. CEX.io
Overview:
UK-based global ecosystem with staking rewards.
Key Details:
- Fees: 0%–0.25% (see fees)
Pros:
✅ 24/7 support
✅ Margin trading
Cons:
❌ Fewer coins vs. competitors
Best for: Low-cost trading
6. Binance
Overview:
Largest exchange by volume but barred in the UK.
Key Details:
- Fees: 0.015%–0.10% (see fees)
Pros:
✅ Ultra-low fees
Cons:
❌ Not FCA-regulated
Best for: Advanced users
👉 Explore Binance alternatives
Crypto-Friendly UK Banks
Traditional Banks Allowing Crypto:
- Revolut
- Monzo
Banks Restricting Crypto:
- HSBC
- Lloyds
- Nationwide
Challenger Banks:
- Xace
- Cashaa
FAQs
Q1: Is crypto trading legal in the UK?
Yes, but exchanges must register with the FCA.
Q2: Which UK banks support crypto?
Revolut and Monzo are top choices.
Q3: What’s the safest crypto exchange?
Gemini and Coinbase lead in security.
Final Thoughts
Choose exchanges based on FCA compliance, fees, and features. For beginners, Coinbase is ideal; advanced traders may prefer Kraken.
✅ Pro Tip: Always verify FCA registration before depositing funds.
Happy trading!