United Kingdom Cryptocurrency Laws and Regulation

This ETF exposes investors to the price of Bitcoin by investing directly in the cryptocurrency. The Bitcoin ETF is designed to track the performance of the price of Bitcoin and offers a convenient way for investors to gain exposure to Bitcoin without buying it directly. If the exchange goes bust or gets hacked, for example, you will be sure that your money is safe on the blockchain and separated from the crypto exchange if it is stored in a wallet. Examples of crypto wallets include Coinbase Wallet, ‍Bither Wallet, eToro Money Wallet, MetaMask and MyDoge Wallet. Other methods of buying cryptocurrencies include crypto index funds, exchange-traded funds and ready-made portfolios.

Coinbase is a cryptocurrency exchange that allows you to buy, sell and hold cryptocurrencies, NFTs, and other DeFi products and keep track of them in one place. With Coinbase, you have over 240 cryptocurrencies to choose from, including popular coins and tokens like Bitcoin, Ethereum, USD Coin, Tether, Dogecoin and Polygon. 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.

How to Buy Crypto on an Exchange in the UK

Crypto.com is a leading brand in the UK that has ultra-low fees. The starting fee is 0.075% and reduces best crypto exchange UK based on your 30-day trading volume. Also, you can receive a 20% discount on fees if you use CRO.

uk crypto exchange

Deposits held in 2-of-2 multisig wallets encourage safe, successful trades. Your data is stored locally on-disk, and is never sent to a central server. Code is open-source, and project strategy is discussed openly on Keybase and GitHub.

Is crypto real money?

Coinbase offers a crypto card powered by an FCA-licensed e-money institution. With the Coinbase card, you can spend crypto like cash anywhere Visa cards are accepted. The Coinbase desktop and mobile apps are beautifully designed, easy to use and offer a range of products suitable for beginners, advanced crypto traders and businesses. We compared dozens of UK crypto exchanges and found that eToro is the most cost-effective. GBP deposits with a debit card cost just 0.5% and all supported coins attract a flat commission of 1%.

uk crypto exchange

Here are my top picks for the best crypto exchanges the UK has to offer. You can lose money – Cryptocurrencies are high risk investments. Beyond the actual token or coin, you also have to keep your wallet and passwords safe.


Choosing the right crypto exchange is crucial when buying and selling digital currencies in the UK. After reviewing the top 10 providers in this space, we found that eToro is the best crypto exchange in the UK for 2023. Ultimately, crypto exchanges are safe when choosing the right provider. This is why eToro is the overall best UK Bitcoin exchange, as its security features and regulatory framework are institutional-grade. Another factor about the legality of crypto assets is that certain forms of trading are now banned in the UK.

  • It is possible that capital gains tax may apply to profits from cryptocurrency sales.
  • This UK bitcoin exchange set the bar for secure trading by being amongst the first of the UK Bitcoin trading platforms to store 99% of its crypto in ‘cold’ storage – ie.
  • As an alternative to eToro, Uphold enables quick and affordable GBP deposits via methods such as Bank Transfer, Faster Payments Transfer, Debit Card, and Credit Card.
  • Sometimes it can be difficult to deal with blockchain transactions and crypto trading procedures.
  • It supports 16 cryptocurrencies, verifies accounts instantly, prides itself on its helpful customer service reps, and has a beautiful, well-rated app.
  • It would not replace physical cash or existing bank accounts.
  • There are many crypto exchanges available in the UK, although only a few, such as eToro and Crypto.com, are licensed by the FCA.

Overall, this https://xcritical.com/ has a reported 4 million active users. The platform works regularly with an external auditor to guarantee proof of reserves. Users can expect 2-factor authentication as standard when logging in too. However, when it comes to crypto finance and mining, UK investors can dive into a veritable treasure trove.

What’s digital asset or digital currency?

If you’re making a capital gain, you’ll pay Capital Gains Tax. Additionally, leaving your cryptocurrency on an exchange may also make you vulnerable to phishing attacks, where scammers will try to trick you into giving up your login credentials. It is generally safer to store your cryptocurrency in a personal wallet that you control, such as a hardware wallet or a software wallet.

Many crypto exchanges enable UK investors to buy digital currencies with pounds. That means companies like crypto exchanges with a base in the U.K. Exchange availability varies across the world due to regulations and laws. The UK is very crypto-friendly, but some cryptocurrency trading platforms will not be allowed to legally operate within the region if they do not comply with regulations. Consider your needs – owning, trading, loaning, staking, and so on.

Uphold – Best for Staking

Contract is created, Hodl Hodl generates unique multisig escrow for it. Seller deposits Bitcoin in the escrow directly from his wallet. Buyer pays the seller according to the agreed upon payment method. Seller releases Bitcoin from multisig escrow directly to the buyer’s wallet.

Uphold – Crypto card; 3 National currencies; 250+ Cryptoassets

Investors looking for a very secure platform, different market tools, and trading bots. Investors looking to trade stablecoins or altcoins with some of theindustry’s lowest fees. Kraken is one of the few platforms on this list that allow you to trade inDOGE and other, more risky, tokens. Due to its FCA license and top notch security, eToro is certainly the most reliable crypto exchange in the UK.

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