Phemex: Buy, Sell, & Secure Your Crypto Trade BTC & Derivatives

November 24, 2022

Most crypto exchanges support dozens of markets, from Bitcoin, Dogecoin, and Ethereum to Ripple, BNB, and Bitcoin Cash. Crypto exchanges enable UK residents to buy and sell digital assets, such as Bitcoin, Dogecoin, and Litecoin. In many ways, crypto exchanges operate in the same way as share dealing platforms. Either way, is a user-friendly exchange with support for more than 250 coins.

bitcoin trading uk tops our list in this respect with 1,400+ coins on offer. This giant selection is great for more advanced investors, particularly those who are pursuing a strategy involving obscure tokens. However, when it comes to crypto finance and mining, UK investors can dive into a veritable treasure trove. Investors can use the ‘Lend and Earn’ facility to earn interest on their crypto or opt for one-click auto-investment. Both liquidity and cloud mining is on offer, and even parachain slot auctions.


With Sanction Scanner AML Solutions, crypto businesses can easily comply with local or global regulations. According to HMRC, exchange tokens are the only types under taxation. However, cryptocurrency regulations in the UK are criticized as being very complex, and many other issues need to be addressed. Our blog below lets you reach the countries' latest approach to the point in detail. KYC can provide businesses with personal identifying information such as customer IDs, passports, driver's licenses, and photos.

  • The positive reputation of CEX.IO and market tenure make it worth the trust of customers all over the world.
  • The most reputable crypto exchanges are eToro and Coinbase – both of which are authorized to service UK clients.
  • Despite its humorous origins, Dogecoin has a market capitalisation of over £10 billion and is widely accepted as a form of payment for goods and services.
  • Regular consumers can easily buy virtual asset products like Bitcoin in the UK.
  • You can also trade new or rare coins that may not be available on other crypto exchanges–new cryptocurrencies are added to the Coinbase exchange as frequently as every few days.
  • This claim should be filed in the same year that you lost access to your cryptocurrency.

Therefore, this platform can be ideal if you are someone who already has experience with the market. Crypto assets are highly volatile, unregulated investment products. Many traders also want best crypto exchange UK to buy crypto with PayPal, but only a few platforms offer this easy and fast deposit option. UK crypto exchange fees generally can be divided into trading fees and non-trading fees .

What is the most reputable crypto exchange?

This means that investors can view their balances by logging into their accounts. After buying crypto from an exchange or broker, investors then have two options. They can either keep the tokens on the platform or decide to withdraw them to a private wallet.

bitcoin trading uk

As well as being the biggest crypto exchange, Binance has long held the reputation for being the cheapest. The platform operates a maker/taker fee schedule with fees capped at 0.1%. Cryptocurrency is legal in the UK, and there are no restrictions on individuals buying, selling, or holding cryptocurrencies like Bitcoin, Ethereum, Dogecoin and other altcoins.

How to Choose Cryptocurrencies

Next on our list of best crypto exchanges in the UK is Bitstamp. Launched in 2011, Luxembourg-based Bitstamp is something of a boutique exchange. With a manageable offering of 81 crypto, it - like eToro - focuses on crypto quality rather than quantity. Copy Trader allows investors to copy the trading strategy of more experienced crypto investors.

bitcoin trading uk

This prevents them from being able to give you complete gains and losses reports. Once you’ve picked an exchange and a wallet, you’ll be able to buy crypto by transferring U.S. dollars into your account via an ACH or wire transfer. However, this may carry additional fees, some of which can get quite high. To address this risk, centralized crypto exchanges have beefed up security over recent years.

Buy, Sell, and Trade Crypto Easily with Professional Crypto Trading Platform

Some crypto exchanges build the commission into the price of the digital asset being traded. This makes it difficult to know exactly how much is being charged. It’s typically a good idea for investors to only use crypto exchanges that are authorized and regulated by the FCA.

User interfaces are intuitive, security is top notch, and automatic verification procedures are no longer the hassle they once were. There are multiple fees involved when trading crypto on Coinbase. For basic trading, fees will be listed in the trade preview screen before you submit your transaction and may differ for similar transactions.

Coinbase: UK Bitcoin Exchange with Great Security and Useability

Due to its FCA license and top notch security, eToro is certainly the most reliable crypto exchange in the UK. There’s little to separate Binance and Coinbase, but for UK investors, we recommend FCA-regulated eToro as the best and most secure Bitcoin exchange. Huobi is proud of its security record, which has seen zero incidents in 9 years.

More On Cryptocurrency

Crypto Bundles can either be proportional, where the weight of each cryptocurrency in a bundle is equal or cap-allocated, where the weights are allocated based on market cap performance. The most important fees to look out for are trading fees, FX fees, and market spreads. In the UK, US and Europe, Uphold charges a market spread ranging from 0.9% to 1.2% on BTC and ETH. Spreads can be significantly higher for low-liquidity cryptos and tokens such as XRP, ZIL, OXT, UPT, DOGE and others. You will be able to see the total cost of your trade before you place the trade.

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