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Best Crypto Exchanges UK

Best Crypto Exchanges UK

Dylan Matthews
Fact Checked
Jan 31, 2023

Summary: The best crypto exchanges in the United Kingdom are platforms that are licensed and regulated by the Financial Conduct Authority (FCA).  This ensures that investors in the UK are protected and their funds are secure on a platform that has been audited by a third-party financial institution.

The following are the top 5 crypto exchanges in the UK:

  1. Uphold - Best Overall Exchange in the UK
  2. Crypto.com
  3. Binance
  4. OKX
  5. Bybit

Table of Contents

Best Crypto Exchange in the UK - Uphold

Platform Highlights

  • Buy & stake 250+ cryptocurrencies with zero fees on an FCA-Licensed exchange.
  • Uphold is headquartered in London, the United Kingdom.
  • One of the only exchanges in the world with an audited proof-of-reserves.
Best Crypto Exchange in the UK - Uphold
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Audited Proof of Reserves
Audited Proof of Reserves

Top Crypto Platforms in the United Kingdom

The list below is a high-level comparison of the top 5 crypto platforms available to investors in the United Kingdom. Our ranking methodology considers 6 key factors including regulatory adherence, features, fees, platform security & user experience.

Exchanges Cryptos Regulation Fees Rating
1 - Uphold 250+ FCA Licensed & based in London 0% fees and variable spread 5/5
2 - Crypto.com 100+ FCA Licensed - offshore exchange 0.1% maker and taker fees 4.7/5
3 - Binance 300+ FCA Licensed - offshore exchange 0.075% maker and taker fees 4.5/5
4 - OKX 350+ Not FCA Licensed - offshore exchange 0.075% maker and taker fees 4.5/5
5 - Bybit 300+ Not FCA Licensed - offshore exchange 0.1% maker and taker fees 4/5

1. Uphold

Uphold is the best overall exchange in the United Kingdom because they are London-based and hold a license from the Financial Conduct Authority (FCA). Their platform offers over 250 cryptocurrencies to buy and stake with zero fees and instant GBP deposits from all UK Banks, Debit Cards and Credit Cards.

The Uphold exchange boasts over 10 million users worldwide and is one of the most trusted crypto exchanges in the world. The investing platform is currently available on Web App, iOS and Android with 24/7 real-time customer support.

Uphold UK

2. Crypto.com

Crypto.com is a licensed and regulated cryptocurrency exchange operating in over 120 countries, including the United Kingdom. Their platform offers more than 100 cryptocurrencies to buy, sell and stake with trading fees starting at 0.1% per transaction. The exchange also offers instant deposits and withdrawals in GBP via UK Bank Transfer, Debit Card and Credit Card.

The Crypto.com platform also features 24/7 customer support, a secure wallet to store your coins and multiple trading options such as margin trading, futures and derivatives.

Crypto.com UK

3. Binance

Binance is one of the world’s largest cryptocurrency exchanges with over 20 million users. The company currently holds a license from the Financial Conduct Authority (FCA) - making them a safe destination to buy and sell over 300 crypto assets available on the platform.

The exchange allows deposits and withdrawals in GBP via UK Banks, Debit Cards and Credit Cards with 0.075% trading fees for all purchases. The platform also features 24/7 customer support, a secure wallet to store your coins and multiple trading options such as futures and derivatives.

Binance UK

4. OKX

OKX is not an FCA-licensed exchange, but it is still available to residents in the United Kingdom.  The platform currently offers more than 350 cryptocurrencies to buy, sell and stake with no trading fees and instant deposits in GBP via UK Bank Transfer, Debit Card and Credit Card.

The OKX platform also features 24/7 customer support, a secure wallet to store coins and multiple trading options such as margin trading, futures and derivatives.

OKX

5. Bybit

Bybit is not an FCA-licensed exchange but is also available to investors in the UK. The platform is widely regarded for their derivatives trading features, with up to 25x leverage available on 300+ digital assets.  

The platform offers no trading fees, instant GBP deposits and withdrawals via UK Bank Transfer, Debit Card and Credit Card. Bybit also features 24/7 customer support, a secure wallet to store coins and multiple trading options such as margin trading.

Bybit

Is Crypto Investing Legal in the UK?

Yes, investing in cryptocurrencies is legal in the United Kingdom. However, the UK's Financial Conduct Authority (FCA) has issued warnings about the risks associated with investing in cryptocurrencies and has urged consumers to be cautious when investing in these assets. The FCA also regulates firms that provide services related to cryptocurrencies, such as exchanges, to ensure they comply with UK laws and regulations.

Are Crypto Exchanges regulated in the UK?

In the United Kingdom, crypto exchanges are regulated by the Financial Conduct Authority (FCA). The FCA is responsible for regulating the financial markets in the UK and ensuring that they are fair, transparent and in the interests of consumers. The regulation of crypto exchanges by the FCA helps to ensure the safety and security of investors' funds and to prevent fraudulent activity. The FCA has set out specific rules for crypto exchanges, including requirements for customer due diligence, anti-money laundering (AML) procedures, and cybersecurity measures. These regulations aim to protect consumers and promote the integrity of the UK's financial markets.

Our Methodology

To identify the best overall exchange in the United Kingdom, we evaluated 6 key factors including regulatory adherence, features, fees, platform security & user experience. We looked at over 40 exchanges and compared their offerings to determine which one offered the most value for UK investors.

Final Thoughts

The UK cryptocurrency market has grown exponentially over the past few years, and with it comes more options for investors to choose from. We believe that any of the five exchanges we discussed offer a secure and enjoyable experience for users in the United Kingdom. Ultimately, it's up to the individual investor to decide which platform is best suited for their needs.  Whichever exchange you choose, just remember to always do your own research before investing.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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