The Best Crypto Exchanges to Use in the U.K in 2024

Are you a U.K resident looking for a trusted crypto exchange to use for buying and trading cryptocurrencies? If so, you’re in the right place, as this guide highlights the best platforms you can use to achieve your goals.

Choosing a crypto exchange can be a major issue that many investors grapple with, especially beginners, because there are several factors to consider when taking such a step. You should consider the security of the platform, as well as the fees it charges and if it is regulated.

The U.K hasn;t approved many crypto exchanges in its jurisdiction, but there are some crypto platforms that are available and can be trusted by U.K residents. The following are those platforms which you can easily use as a U.K resident.

Coinbase 

Coinbase is a user-friendly crypto trading platform that has a huge presence in the U.K. It was the first crypto exchange to obtain a U.K banking license that allows it to offer payment services in the UK.

The exchange is therefore one that can be trusted by UK residents for buying and trading crypto assets. Coinbase is generally known as the exchange for beginners, because of the simple user interface which makes it possible for just anyone to navigate.

There are over 300 cryptocurrencies listed on the platform which you can buy, trade, and even stake. It also has a mobile app and a web3 wallet, all of which are available to use.

Crypto.com

Crypto.com is a crypto trading platform that has over 80 million users from different countries including the UK. It is a platform known for strict compliance with regulatory requirements wherever it operates, and also has an Electronic Money Institution license in the UK. 

The platform has over 35 crypto assets listed, and supports all kinds of users, both experienced and beginners. You can also use it to stake crypto assets as it is a platform that rewards stakers more than most.

Crypto.com also charges modest fees, which also contributes to its popularity. Whatever your goals are, this platform has everything it takes to help you realize them.

eToro

eToro is a top social trading platform known to support crypto trading. The platform doesn’t only support crypto, it also supports investing in other assets such as stocks and bonds. As a result, it doesn’t have many crypto assets listed.

This makes it unsuitable for altcoin investors interested in several crypto assets. However, you’ll find it useful if you’re only interested in top crypto assets such as Bitcoin, Ethereum and other leading assets. 

As a beginner, you can also use the platform to learn the trading strategies of pro traders when earning from the same strategies.

Kraken

If you’re looking for regulated platforms in the UK, Kraken is one of them. The platform has an operational license from the Financial Conduct Authority (FCA), making it a legitimate platform for buying and trading crypto assets in the country.

Kraken has over 350 crypto assets listed, which gives users quite a lot to work with. The platform is also well known for its staking services which users can explore to earn passive income.

Whether you’re a beginner or a pro in crypto, this exchange is for you because it has advanced tools for pros on its pro platform and also supports beginners while charging low fees.

Gate.io

This is another crypto trading platform that is operating legally in the UK. It is a platform that is very popular among altcoin investors because of its over 1,700 supported crypto assets. You can use the platform with any level of crypto knowledge because of its user-friendliness.

Gate.io also charges lower fees than most platforms, making it an ideal place for crypto day traders. If you’re an altcoin investors looking for a platform in the UK, this is one to consider.