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These Are the Best Bitcoin Trading Platforms in the UK

Cryptocurrencies have been increasing in popularity all over the world since the beginning of 2020. The likes of Bitcoin and Ethereum have seen extremely high price increases in this time, while others, such as Dogecoin, have risen in an unprecedented manner in 2021 alone. The market has levelled off a little in the last couple of weeks, but overall, sentiment remains positive, with more and more people showing interest in the new financial sector and investing their money into crypto using the best bitcoin trading platforms uk.

Binance

Binance is one of the largest crypto exchanges in the world, operating all around the world, so if you want a trusted and noteworthy name to conduct your crypto transactions, go for Binance. It is also one of the cheapest exchanges in terms of fees and is extremely safe as well. Users have the Instant Buy and Instant Sell options if they want to liquidate positions quickly, while they can also get a Visa card to spend crypto directly at merchants and online as well. Large and institutional traders can take advantage of an OTC desk, with crypto-collateral loans also being pushed out for retail customers recently. Thus, Binance offers a whole host of crypto options for those interested in the market.

CEX.IO

This exchange has offices in London, which could make it more attractive to users in the UK, along with the range of world-class services available as well. Traders have access to instant buy and sell options as well as spot and margin trading, along with crypto loans and staking products. Fees can be slightly expensive though, especially if you use Visa or MasterCard cards for withdrawals and deposits.

LocalBitcoins

LocalBitcoins is a peer-to-peer exchange, one of the oldest in the industry, and it allows traders to buy and sell Bitcoin and Ethereum, while its primary service is as an escrow service for matched trades. It supports GBP and EUR transactions, with relatively low fees and a responsive customer service team making it quite attractive if you want to trade only in BTC or ETH.

BC Bitcoin

This is a UK-based exchange and crypto broker with access to a number of cryptocurrencies. Users have the option to swap coins for one another, while they can also buy crypto on the platform through their bank cards, with immediate settlement. The fees are slightly high, at 3.99% of the transaction amount, but this is one of the best and most trusted UK-based platforms in operation.

EXMO

EXMO is another UK-based exchange that is ideal for those looking to trade in crypto, with a range of features that make it suitable for both new and experienced traders. There is a quick ‘Exchange’ option available to swap coins while users have native support for trading Bitcoin for EUR and GBP. It also supports a large number of altcoins, and the platform also has its own token, EXMO, for earning rewards and paying trading fees.

Coinmama

Coinmama is based in Slovakia but available to use in 188 countries, including the United Kingdom. It is one of the fastest exchanges in the marketplace, delivering instant delivery of purchased crypto for debit card purchases, while users also receive a virtual debit card for spending crypto. Fees are however a little high, at 5% for card purchases and 2.9% for crypto sales.

BitPanda

An Austrian offering, BitPanda is aimed at the European market, with a full range of trading and investment options for crypto. There is the option to invest in a crypto index rather than in individual tokens, while users can also access savings products to earn interest on their crypto holdings. New investors can also use a wide range of educational resources, while it also has a very reasonable fee schedule.

Yobit

Yobit is the best exchange for trading in altcoins, as it has over 300 trading pairs and sees trading volumes of up to $45 million daily. New users can get free coins as well through the active promotional offers, while fees are quite low at 0.2% per trade.

CoinJar UK

CoinJar is an entertaining and useful crypto portal that has a very colourful interface to go with a number of useful features. It offers crypto conversion, direct deposits, and withdrawals to and from UK bank accounts, and it supports Bitcoin and a number of altcoins. More experienced traders have access to an OTC trading desk, while users can also choose to take a crypto debit card for direct use at various merchants.

Coinbase

Coinbase is another of the largest crypto exchanges in the world, with over 30 million users, and it has native support for EUR and GBP purchases. Users can purchase tokens through debit and credit cards, while there is also insurance coverage available for deposited crypto assets. 

Coinbase Pro is the platform for professional traders, and there are also staking programs available to earn on existing crypto balances.

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