Today, there are numerous choices for the crypto investor in terms of crypto exchanges. But not every option may be suitable for everyone. What matters is to see which one is the best fit for you. But what deciding factors will help you make that choice? Well, that would depend on many factors such as the types of digital assets i.e. coins supported, the accompanying services available, payment options and the currencies supported, transaction fees, user friendliness (meaning ease of design of the interface), among other things, and the credibility in terms of regulatory requirements, etc.
In this article, our emphasis will be on the best crypto exchanges in the UK. The exchanges on this list that we are going to lay out may not be based in the UK, but indeed provide world-class services in the entire UK region. So, let us get started.
1. StormGain
The first one to lead is StormGain. It is one of the leading crypto exchanges operating in the UK. It has wide user acceptability due to its credible platform and plethora of services. It allows users to buy cryptocurrencies like BTC using stablecoins, amongst other options. It also allows users to trade with leverage. Apart from all this, even fiat currency can be used to buy digital assets available through the use of exchange wallets. Customer service is also good, with 24/7 coverage. The trading fees are pretty low compared to other exchanges. A valuable feature for new or novice users is the option of a demo trading account that lets one hone their skills as an investor.
2. Coinfloor
One of the oldest crypto exchanges offering its services in the UK is Coinfloor. It allows users based in the UK to buy BTC with GBP. Furthermore, it has an auto-buy option where you can setup recurring purchases. One of its core strengths is the variety of fiat currencies that can be used to purchase assets and the associated payment options such as direct transfers from currency bank accounts, credit or debit cards, and even wire transfers. The fee structure also suits the individual user, meaning the creation of an account is free. Storing cryptocurrencies is also free. Even the trading fees are flexible and are linked to the volume being traded.
3. Wirex
Wirex is one of the more exciting mentions on this list. And the reason we say that is the innovative factor. It is innovative because it handles payments of fiat currencies for buying and trading cryptocurrencies. The trick is the Wirex payment card which allows users to transfer many fiat currencies for buying, exchanging, and sending payments over the platform. The Wirex card can also let the buyer use it for shopping, thus enabling the use of both fiat and crypto in a perfect blend.
4. EXMO
If you are looking for something simple and easy to use that lets you trade fiat currency for crypto and vice, then EXMO is for you. As mentioned earlier, it is one of those platforms that is not based in the UK but in Estonia. But, at the same time, it provides credible services to the whole of the UK.
5. eToro
On the contrary, if you are one of those users looking for an advanced crypto exchange platform in the UK, look no further. eToro is one of the most proven brokerages out there in the UK and globally as well. It has a user-base in the millions and has an extraordinary trading balance to match. This being said, the platform is equally suited to new users as well. Services such as mirroring advanced user accounts and an easy-to-use interface with a stable digital architecture supporting everything make it an optimum choice for all types of users.
Conclusion
We have tried to cover a handful of the crypto exchanges in the UK that offer world-class services. Whether you are a beginner or professional trader, there is something on this list for you.
