If you are looking to find the best cryptocurrency exchanges in the UK, you will need to make sure you find a crypto exchange that works for your location, target currency, payment methods, etc. As such you will need to identify your needs and the type of crypto currency you require
If you are already an experienced trader in the UK cryptocurrencies market, then you should already know that you will have the option to select between two types of trades: crypto to crypto or fiat to crypto exchanges. If you have little experience on how to buy bitcoin in UK, we suggest sticking to fiat to crypto trading first for ease of use, at least until you purchase enough cryptocurrencies.
What are Cryptocurrencies?
Cryptocurrencies are a type of digital asset which can be used by its holders as a source of payment method or medium of exchange. They are secured using a cryptographic proof which is also a known method used to generate new coins and to verify the transactions that are publicly recorded and stored on digital ledgers called the blockchain.
What are Crypto Exchanges?
Crypto exchanges are platforms that are available online where keen investors who are looking to dabble in cryptocurrencies are able to buy, sell, transfer or store (by providing a free bitcoin wallet in the UK) such digital assets.
Before you make a decision on the type of crypto exchanges you are going to use, you should decide between using a centralized (traditional) exchange or a decentralized (peer to peer) crypto exchange in the United Kingdom.
Centralized or traditional crypto exchanges are called as such because they are the first types of exchanges to be ever available on the market for digital currency trade. You will find that they are similar to how a traditional bank functions, with their main responsibility being overseen all their customers’ transactions and offering escrow services.
One of the main reasons you will want to be using centralized exchanges in the UK is that these cryptocurrency exchanges offer much higher liquidity due to the reason that they only buy and support cryptocurrencies that have high trade volumes such as Ethereum and are relatively risk free. The top cryptocurrency exchanges also invest a lot of money into high-level security methods in order to comply with certain regulatory body’s criteria and to stay in business, thus the preference for lower risk
One downside to trading on centralized exchanges in the UK is that they are less private due to the crypto exchange requiring you to provide some level of personal identification for verifying purposes.
If you are not very comfortable with this. You could always opt to go for a decentralized exchange which is more of a free market. These types of digital currency exchanges in the UK directly connect buyers and sellers and let them agree on the trading terms that they both set on their own.
Factors for the Best Cryptocurrency Exchanges in the UK
Before you make your final judgement, you should go through the below points and criteria to ensure that you would select the best type of trading platform for your uses.
- Are you a crypto trading beginner or an experienced trader? If you are a beginner, we advise you to stick to user-friendly platforms in the UK with easily-navigable interfaces.
- Is the cryptocurrency exchange trusted in the industry and have great reviews? You should always look for digital currency exchange which is reputable.
- Have you purchased any cryptocurrencies in the UK before? If you have not, it should be easier for you to use fiat to crypto exchange.
- Is the target crypto you are targeting to invest in listed on the exchange?
- Do you have an online wallet that you could use for storing crypto? If you don’t you could go for an exchange that provides one.
- Are transaction charges reasonable or unreasonably high? Does the cryptocurrency exchange charge deposit or withdrawal charge? This can be a decisive factor if you can’t make up your mind between two different platforms in the UK
- Are you satisfied with the payment methods the cryptocurrency exchanges in the UKare offering you?
- Are the exchange rates quoted reasonably for you in the UK?
- Are you required to complete a KYC check to register for an account? If you do not like sharing your private data, you would be better off using a decentralized exchange.
- How secure are the cryptocurrency exchanges that you are using? Do they offer two-factor authentication and address whitelist on your account?
- The best crypto exchanges should have some form of insurance or segregation of client funds to prevent theft. A reliable crypto exchange should have some form of “Cold storage” for maximum security
- What kind of customer support is available?
- The cryptocurrency exchanges you are selecting should be supported in the UK
- Best cryptocurrency exchanges in the UK
Best Cryptocurrency Exchanges in the UK – Reviewed
1. BC Bitcoin
BC Bitcoin is a cryptocurrency broker based in the UK which aims to provide all the services an investor would need when it comes to crypto trading which includes the trading of almost every crypto available on the market. On top of traditional trading, BC Bitcoin also supports escrow services, purchasing of a mining pool and a high quality cold storage custody service.
Basically BC Bitcoin allows its traders to access a wide range of digital cryptocurrency assets with high liquidity and OTC trading. For those inexperienced users, BC Bitcoin manages all the ins and outs of the cryptoverse for you by utilising a team of competent professionals.
Almost all cryptocurrencies including Bitcoin, Bitcoin Cash, Ripple, Ethereum,. Litecoin,XRP and EOS.
BC Bitcoin is one of the more flexible cryptocurrency exchanges out there when it comes to deposits and withdrawals due to them being able to support up to eight popular fiat currencies which are – GBP,USD,EUR,AUD,CAD,JPY, MXN and SGD.
However, as with most crypto currency exchanges in the UK if you are making a transaction on fiat currencies, they will typically take a few business days to execute – that is if you are outside of the UK.If you are using a local UK bank, your transfer will arrive instantly or within a few hours. BC Bitcoin does not advertise any direct option on their side to use a credit or debit card for deposits but you are able to contact their team to ask if this is arrangeable.
Although the user interface of the BC Bitcoin website does not offer much, it is still easy to use and there are no upfront charges for creating and verifying an account with them. However, there are charges incurred when you buy or sell your cryptocurrencies which is about 3-4% on the value of the transaction. If you opt to use their cold storage service for either deposits or withdrawals there will be additional charges incurred which are covered under fees section below.
Most tasks however should be performed by communicating directly with your broker which is ideal due to the lack of features available on the user interface. Their brokers can be reached via various means including email, telephone, Skype, Whatsapp, Telegram and also a web submission contact form.
Such a personalised service in the UK however, is also the key reason why the service fees come with a premium compared with regular cryptocurrency exchanges.
This crypto exchange stands out from its competitors due to its transparent and simple fee structure. Their trading fees can be broken down to whether you are buying or selling and you will receive the best available market rate and most amount of coins which can be illustrated below.
Looking at the table the fees would seem to be higher compared with other usual crypto exchanges but it would not be as high if you are comparing to other brokerage services in the UK. The fees would as such, vary depending on both the trading volume and regularity.
There are some other services provided by BC Bitcoin in the UK with the below fee structure
Coin escrows – 1% fee for a complete transaction which is split between the parties involved
Cold Storage Custody – 0.5% for deposit + 0.75% annual management + 0.5% exit fees.
Bitcoin payment gateway service – 2% fee passed onto the customer.
Looking at BC Bitcoin’s fee pricing, it may not be their strongest point however there is always a benefit to having high fees and high level of service and BC Bitcoin offers quality service which comes at a premium price.
One of the reasons BC Bitcoin is one of the best crypto trading exchanges in the UK is due to the fact that they take security very seriously. One of the ways they ensure top notch security is by transferring purchases cryptos directly to the customers wallet for safe holding. BC Bitcoin also provides storing services for their customers’ coins as well. These will be stored on highly-secure cold storage wallets which are protected with top of the line multi-signatures, biometrics and 24-hour safety delays. BC Bitcoin takes this a step further by holding these stored funds in multiple secured locations such as safe deposit boxes at banks to reduce minimal risk of a high-profile hack.
However, even with the security measures taken by BC Bitcoin, they do not however protect your BC Bitcoin account with two-factor or universal 2nd factor authentication but it would probably not be a big issue.
BC Bitcoin is also a compliant and trusted brokerage so you will not need to worry about safety on the legal side of things in the UK
- Bespoke brokerage supporting many types of services for cryptocurrency trading
- Quick account confirmation and simple user interface
- Transparent and highly trusted with good reputation
- Easy to contact and experts at managing digital assets
- Supports both crypto and fiat payment options in the UK
- Only available during business hours in the UK
- Premium fees
- No Live trading charts available
Coinbase is a US-based bitcoin exchange/broker in which users can buy and sell cryptocurrencies., but available for service in the UK. Coinbase has its main office headquarters in San Francisco and is known as the largest cryptocurrency exchange in the world which is mainly due to its easy to use and convenient interface.
Coinbase also provides an easy platform for beginner investors who are looking to try their hand at crypto trading in the UK
One lacking aspect of Coinbase is that they primarily only trade in three cryptocurrencies which are Bitcoin, Ethereum and Litecoin with Bitcoin being the most volume trade on the platform. Other cryptocurrency available on the platform include Bitcoin Cash and Ethereum Classic.
Trading Platform Features
Coinbase customers in the UK will have a lot of options for depositing and withdrawing funds to trade cryptocurrencies. They are able to use a bank account which is the best method used for large and small amounts and takes about 4-5 business days.
Traders in the UK could also use wire bank transfer to deposit and withdraw cryptocurrencies and is best for large amounts and takes about 1-3 business days.
An additional method that traders can use for receiving sold funds from cryptocurrency is through Paypal. Coinbase users are able to receive their funds from selling crypto directly into their Paypal account
For purchases, Coinbase allows you to purchase cryptocurrencies by depositing funds into your Coinbase Account. If you do not wish to use this method, you can opt for purchases directly using your debit card or credit cards.
Coinbase also imposes a limit for their users and this limit increases until their accounts are fully verified. Those with lesser identity information have a limit to how much they can trade on the exchange. Users in the UK may obtain up to about 30,000 pounds worth of Bitcoin at any time.
Their confirmation process requires a lot of personal information from their users for confirmation as Coinbase is a regulated financial services company in the United States. Unlike other cryptocurrency exchanges, Coinbase users cannot be anonymous therefore they are required to send in their personal information such as banking information for direct deposits and also identity confirmation with a government issued ID such as drivers license or passport. Be assured however that Coinbase securely stores and protects this information and does not share it with any third parties.
One positive aspect of Coinbase is that they do not charge any fees for depositing funds into your account but will charge a 1.49% fee for purchasing cryptocurrencies. Coinbase themselves will not charge a deposit fee but your financial institution will which are most commonly 3.99% for debit/credit cards and 1.49% for Bank Transfers. As such, Coinbase fees are not ideal for cryptocurrency day traders as they are comparatively higher than many other popular exchanges.
In addition to these fees, traders are required to pay additional network transaction fees and minor fees. If there is virtual currency transfer involved, users will incur an exchange rate fee which is dependent on the spread and incur a conversion fee as well. All of the fees are stated and shown to the user when they initiate their transactions.
Coinbase is a crypto exchange that stores most of their user’s deposited cryptocurrency funds in cold storage wallets to ensure the highest form of security. The wallets are securely kept in safety deposit boxes and vaults around the world. The crypto exchange also runs over fully encrypted SSI and user wallets are stored using AES-256 encryption.
In short, this crypto exchange is very secure and allows other security features such as two-factor authentication, email confirmation and other security measures.
- Safe and secure cryptocurrency exchange
- Easy and intuitive interface
- Impressive limits and liquidity
- Fees may be higher than other exchanges
- Limited cryptocurrency choices available
Coinmama is a crypto exchange that supports the purchase of crypto such as Bitcoin in the UK. It was amongst the first cryptocurrency exchanges to support its users to buy Bitcoin using debit and credit cards and since then has continued to add additional cryptos alongside Bitcoin Ethereum not to mention increasingly diverse payment methods.
Coinmama is one of the cryptocurrency exchanges in the UK with an emphasis of having a user friendly easy to use interface that supports both investors who are new to the crypto scene and seasoned investors. There is a wide range of cryptos available which are also amongst the more popular cryptos and supports these purchases with multiple fiat money options.
Cryptos that are offered include Bitcoin, Bitcoin Cash, Cardano’s ADA, EOS, Ethereum, Ethereum Classic, Litecoin, Qtum Ripple’s XRP and Tezos. These cryptos can be purchased using fiat money via debit card,credit card or via fund transfers.
An important to note is that while traders using Coinmama can buy most popular cryptos, only Bitcoin is available to sell. There is no delay time when purchasing cryptos and will be all transferred to the purchaser’s specified wallet upon completion of transaction. Coinmama also provides users their own crypto wallets in order to store cryptos.
Other than debit and credit cards, which incur a 5% momentum fee, Coinmama allows several other payment methods which include Faster Payments in the UK with delivery up to 1 business day with 0 additional fees. ApplePay is also allowed via the mobile app with other payment methods including Fedwire,Swift and Sofort.
Coinmama has a loyalty program which is featured around the more crypto you buy or sell the lesser you pay. This loyalty program has 3 levels of savings and will require a cumulative minimum purchase amount over a 90-day period to maintain this status. The breakdown of the loyalty structure is as below.
Level 1 – Crypto Curious. For new users.
Level 2 – Crypto Enthusiast: When users have reached this level, they are able to save 12.5% on Coinmama fees. Customer support is also more focused for level 2 users compared to level 1. To achieve this level you are required to have a cumulative purchase amount of 5,000USD over a 90-day rolling period to maintain this status.
Level 3 – Crypto Believer. Traders who achieve this level will enjoy savings of about 25% on Coinmama fees and queueless customers support. To qualify however, you are required to have been purchasing cryptos for at least 30-days. To maintain this level you are required to make a cumulative purchase amount of 18,000 USD over a 90-day rolling period. Another option is to make a lifetime purchase amount of 50,000 USD.
Coinmama uses a service called TradeBlock XBX to determine crypto prices. This program works by listing the average of known provider rates. Coinmama uses these rates and adds a 2%(Std Dev) and includes Coinmama’s commission fees of up to 3.9%.
Their fees structure is as below.
- There is a commission fee of up to 3.9%. This would vary depending on the payment method.
- Transactions including a locked crypto rate and instant deliver will incur a 5.0% momentum fee.
- Transactions by bank transfer will not incur a momentum fee and no hidden fees.
- Transactions using SWIFT will require a minimum order amount of 1,000 USD and a flat fee of 20 GBP is charged for users wishing to make an order below 1,000USD.
For selling fees, they will be tiered and are correlated with a user’s loyalty program level. These rates are calculated by the XBX index average +2% (STD dev) with additional COinmama sales fee of between 0.1% and 0.9%.
Coinmama has a strong emphasis on protecting its users with a high level of security. Coinmama does not hold any cryptos for users on their exchange and includes a KYC process to protect all user accounts and minimize fraud. Any user debit/credit card info or bank details are also not stored by Coinmama.
Since Coinmama does not hold any cryptos or store any customer information they do not have a 2-factor authentication but they do recommend that users enable 2-factor authentication on any wallet apps being used.
- No additional fees incurred to withdraw coins
- Friendly interface supporting both new and experienced users
- Wide array of cryptocurrencies available to its users.
- Reliable and fast delivery of coins within minutes of purchases.
- User assets are protected from theft.
- No advanced tool for trading cryptos
- No telephone line or call support available
- Anonymity is removed due to users having to complete a confirmation process to trade cryptos.
Kraken is one of the best crypto exchanges in the world and is consistently rated the best and safest Bitcoin exchange rated by independent news media. It is a good trading platform in the UK as they have the highest euro volume of Bitcoin trading of any exchange out there.
Historically, Kraken has been one of those platforms that is considered good but not without its flaws. Its trading software that investors use to trade has been known to encounter downtime problems during peak times and high traffic peaks.
Other than traditional trading crypto currency, Kraken also offers additional services such as margin trading with up to 5 times the leverage and option for its crypto traders to take a short position
Kraken is a digital currency platform which has continuously increased value-added market data and trading tools to improve trader’s experience on the platform.
Deposits and withdrawals can be made through cryptocurrencies that are traded on the exchange. However they can currently only be made via bank or wire transfer and they do not allow credit and debit cards to be used. Skrill or Paypal are also out of the option. The reason that Kraken has such limiting payment options is due to the near-instant and risky nature of crypto transactions to prevent fraudulent transactions.
Kraken offers quite a number of cryptocurrencies which include Ethereum, Bitcoin Cash, Monero, Dash, Litecoin, Ripple, Stellar/Lumens, Ethereum Classic, Augur REP token (REP), ICONOMI, Melon, Zcash, Dogecoin, Tether, Gnosis and EOS.
Fees and charges can be broken down into making deposits and withdrawals and those incurred in the trading process in the UK
Deposit and option fees
EUR Bank Wire Deposit (10 Euros) – Outside US Only
USD Bank WIre Deposit ($10 USD) – Outside US Only
CAD Wire Deposit (Free)
Withdrawal options and fees
USD Bank Wire Withdrawal ($60USD) – Outside US only
EUR Bank Wire Withdrawal (60 Eur) – Outside US Only
The trading fee is tiered so they will drop as trading volumes increase and also vary between the type of currency that the pair is being traded and also the kind of trading ie. Standard, margin-based etc.
The exchange has a trading fee that is generally considered to be towards the lower end of the scale when it comes to exchanging averages.
Kraken considers its security levels to be quite high, however they do require higher amounts of personal identity confirmation for its account holders in comparison to other crypto exchanges. This does largely depend on whether its users wish to be able to make transactions in both fiat currencies as well as cryptocurrencies as Kraken is operating in line with general banking standards.
Kraken has several tiers of accounts which are based on the personal identity verification provided and also the highest amount of deposit and withdrawal values will be related to this due to theft and money laundering considerations.
A tier 1 account requires users to provide personal information such as their full name, date of birth, country of residence and phone number verification. Tier 1 accounts only allow crypto denominated deposits and withdrawals with a ceiling set at about $2,500 a day or $20,000 a month.
Tier 3 will allow fiat currency deposits and withdrawals from nationals of all countries meaning providing a valid government-issued ID and proof of residence and address. Tier 4 which is more beneficial for higher volume traders which require the same kind of documents as would be expected by a bank of a regulated financial institution.
- High digital and financial security
- No geographical restrictions on account holders
- Varied range of tradeable cryptocurrencies
- Tradeable fiat currencies
- Low fees
- Improvable customer service response times
- Debit and credit cards and e-payments not supported.
5. CEX IO
Started business in 2013, the company has gradually evolved over the years into a multi-functional cryptoy exchange. In addition, Cex IO provides trading of cryptocurrencies on its web trading portal, via mobile apps and also using API applications, and is loathed in London, UK.
CEX IO gives the options to its traders of selecting different types of accounts which they can then trade cryptocurrencies based on the conditions attached to the account types which match their style.
One thing to note about Cex IO is that trading is usually betweenETH, DASH,XRP, Bitcoin Gold, ZEC, Bitcoin Cash and BTC on one side with several other fiat currencies on the other. Fiat currencies that are supported on CEX IO include the British Pound, US Dollar, Euro, Ruble and many others. As such, only Bitcoin and Ethereum can be bought or sold. For those who wish to engage in online trading of Bitcoin and Ethereum, traders will need to trade the various pairings between Bitcoin and fiat currencies or ethereum and fiat currencies – which can be cumbersome
There are a few options for deposits and withdrawals on Cex IO in the UK. Each option comes with their respective deposit and withdrawal limits. The account type used by the user determines the limits for depositing or withdrawing funds.
Depositing or withdrawing funds on CEX IO, use the following channels:
- Credit/Debit cards issued by MasterCard and Visa
- Wire transfer using Swift and Sepa
Transaction fees (Maker-taker fees)
Deposit/withdrawal fees (Specific to each payment method)
Margin trading fee
Transaction fees are a percentage of the trader’s 30-day trade volume for all pairs. Open fees for margin trades are capped at 0.2% of the invested amount, while rollover fees are capped at 0.01% while no fees are charged to close trade. The below photo should illustrate this clearly.
The exchange has deployed several security features to ensure that it is a secure place for traders to buy and sell cryptocurrencies without fear of theft of cash, coins or IDs. Security features are as below:
- Two-Factor Authentication
- Encrypted Data
- PCI DSS Certificate
- SSL Certificate
- Registered with the ICO in the UK
- Internal AML/KYC policy and procedures
- SSL Certificate
The platform provides an email address for business enquiries at: firstname.lastname@example.org and also any accounts and cardholder issues at: email@example.com
- Relatively low fees
- Cex IO provides few levels of security for clients to trade safely.
- A cold storage wallet protects funds of clients
- Cex.IO is a registered cryptocurrency exchange
- Cex.IO provides more options of cryptocurrencies for exchange and trading
- Deposit limits are strict for Basic account holders
- Lengthy transaction processing time during peak hours due to number of traders and volume of requests.
6. Prime XBT
Prime XBT is an online Bitcoin exchange that offers a powerful platform filled with important trader tools that are suitable for both novice and experienced traders. Prime XBT is one of the crypto exchanges which prioritizes top level security practices in order to protect its clients from high profile cyber security attacks and its customer support desk works 24/7 to provide assistance to its traders.
Prime XBT is one of the best bitcoin exchanges out there as they not only offer crypto currency assets, but also Forex, indices and CFDs for trading. However, the only acceptable currency is Bitcoin which effectively places Prime XBT as a crypto-crypto exchange.
This system affects the process of funds deposit and withdrawals and also how traders will source their trading capital. As such traders are required to secure a Bitcoin Wallet and exchange for Bitcoin either through trading fiat currencies or by using other cryptos to purchase Bitcoin. You will not have to worry about additional charges as Prime XBT offers its own wallet to customers free of charge to every registered client.
Its trading platform has advanced features and innovative trader tools and is also user friendly, which is perfect for beginners. Prime XBT also provides tutorials for technical analysis and inbuilt help for its traders.
This exchange charges commission on trades and also any rollover fees or overnight financing which can be summarised below.
The exchange also charges a withdrawal fee of 0.0005BTC. It is important to note that transaction fees will be paid to acquire BTC from an outside source. Miner’s fees are paid when transferring BTC to the trading wallet in PrimeXB, and fees will also be incurred when the transactions involve crypto-fiat exchanges.
The exchange employs the following measures:
- Cloudflare which is used to protect the platform from DDOS attacks.
- Wallet security held in offline storages to prevent cyber attacks.
- Two-factor authentication
- Website protected by SSL encryption
On top of that, PrimeXBT also provides Bitcoin address whitelisting which only allows withdrawals to be made to whitelist addresses, to prevent any loss of funds.
- Anonymity, no personal details required to register for the account
- Affordable and competitive service fees
- Almost immediate trade executions
- 1:100 leverage on crypto assets
- No demo account provided to test strategy of trading on this platform
- Only trades in BTC
7. Storm Gain
StormGain is another exchange located in the UK. This exchange offers a range of order types and provides plenty of trading tools to support anyone from beginner traders to the more experienced investors. Investors and traders also trade in the cryptocurrency market by way of cryptocurrency futures contracts.
Withdrawals are only restricted to cryptocurrencies while for deposits, investors are able to either transfer already held cryptocurrencies to the StormGain wallets or purchase by credit cards
The exchange supports the following digital assets, BTC, BTC Gold, Cardano’s ADA, DASH, EOS, Ethereum, Ethereum Classic, IOTA, Litecoin, Monero’s XMR, NEM, , NEO, OmiseGO, QTUM, Ripple’s XRP, Stellar’s Lumen, Tether, Tron’s TRX and Zcash.
There are risk management tools provided by StormGain which includes stop loss, take profit, digital asset forecasts delivered by StormGain specialists every few hours and indicators.
It is worth noting that, while the use of leverage increases gains, it could also result in losses. As such, appropriate risk management steps should be considered to reduce loss.
StormGain also offers a loyalty program which are divided into 5 parts
Standard – Account balance of less than 499USD and no trading volume
Gold – Account balance greater than 499USD and trading volume greater than 150,000 USD
Platinum – Account balance greater than 1,499 USD and trading volume greater than 750,000 USD
Diamond – Account balance greater than 4,999 USD and trading volume of greater than 2,250,000 USD
VIP – Account balance of greater than 49,999 USD and trading volume greater than 7,500,000 USD
Added benefits also include lower exchange commissions and discounts depending on the type of trade.
Charges vary depending upon the type of cryptocurrencies being traded, and range from 0.15% to 0.5% for each individual position and are as follows
Crypto trading commissions, minimum and maximu multiples and Swap Buy & Sell daily rates are as follows
Fees for depositing and withdrawals are as follow
Although there are no deposit fees, there are deposit requirements. There is a withdrawal flat fee of 0.1%.
StormGain provides its traders with a platform which focuses strongly on privacy and security. The following are the measures taken by StormGain for security:
StormGain protects the investor from theft by utilising cold wallets to prevent hackers from accessing funds through the internet. Two-factor authentication also is required each time you log in or request a withdrawal.
- High leverage up to 150X
- Full transparency of trading data
- Immediate trade execution
- Competitively low fees
- Risk management tools and a demo account
- 24/7 customer support
- Quick registration
- Only can be funded with cryptocurrencies
- Not regulated but their legal team ensures that adequate controls are in place
- Does not support exchange of cryptocurrencies into fiat currency. Only cryptocurrencies can be withdrawn.
Binance is one of the best places to buy and sell crypto due to it having the largest trading volume in the world. Binance is also one of the fastest platforms in the crypto market today. The exchange also provides its traders with the widest range of cryptocurrencies available on the market in the UK
Supported cryptocurrencies on Binance include Ethereum (ETH) Ripple (XRP) Litecoin (LTC) Bitcoin Cash (BCH) EOS (EOS) Stellar Lumens (XLM) Ethereum Classic (ETC) Zcash (ZEC) Augur (REP) Dai (DAI) USD Coin (USDC) 0x (ZRX) Basic Attention Token (BAT) Algorand (Algo) Cosmos (Atom) Civic (CVC) Dash (DASH) District0x (DNT) Golem (GNT) Kyber Network (KNC) Chainlink (LINK) Loom Network (LOOM) Decentraland (MANA) Maker (MKR) Orchid (OXT) Tezos (XTZ) and also BTC
Binance provides their deposit and withdrawal of funds in both crypto and fiat money. You can purchase your cryptocurrencies by debit/credit P2P Trading, cash balances or third party transfers
Binance exchange is easy to navigate making it suitable for nove traders and also experienced investors. Binance has multiple trading platforms for this purpose. Users are able to deposit cryptocurrencies from external wallets or deposit fiat currency using the Binance platform. Foreign exchange risk is removed as Binance supports deposits of all major fiat currencies.
Binance offers a tiered trading fee structure that is based upon a 30-day cumulative trading volume or 24-hour Binance Coin holdings. Traders are categorized into VIP levels, ranging from Level 0 to Level 9.
The trading fees range from 0.1% for maker and taker to 0.02% / 0.04% depending on the VIP level status. Both makers and takers can also receive a 25% discount by using BNB.
Withdrawal fees would depend highly on the type of crypto and you would need to refer to Binance’s guideline tables for each fee.
Binance are one of the many crypto exchanges that deliver a high-level of security to users to protect personal information and user assets. These measures include 2-Factor Authentication, Google authentication, SMS Authentication and E-mail address authentication.
- User friend platform providing many tutorials and support to familiarise with cryptocurrencies
- Strong emphasis on security
- High trading volume
- Supports deposits and withdrawals of crypto & fiat money
- Binance offers users access to newly launched coins and token using Launchpad
- Can earn interest by saving cryptocurrencies
- Comprehensive, around the clock customer support
- Lesser privacy due to KYC verification delivering an additional protection for Binance users.
- Novice traders may find the advanced trade platforms more daunting.
Frequently Asked Questions (FAQ)
Q: Which of the exchanges are the best in the UK?
BC Bitcoin is the best overall
Q: Is cryptocurrency trading legal in the UK?
The UK Government cannot legally ban people from buying Bitcoins or any other form of cryptocurrency but the UK Financial Conduct Authority has the authority to ban product sales based on the prices.
Q: Where is the Bitcoin ATM machine located?
You can search for the ATM Machines in the United Kingdom using here.