In this guide, we explore the top crypto exchanges for purchasing Bitcoin in the UK. Each platform has been rigorously tested for fees, security, payment methods, and user experience. Whether you're a beginner or an experienced trader, this list will help you find the right exchange.
Top Crypto Exchanges for UK Investors
Here are the best platforms to buy Bitcoin in the UK:
- Coinbase
- Uphold
- Binance
- eToro
- Gemini
- Kraken
- Crypto.com
Quick Comparison
| Exchange | Supported Cryptos | Fees (Taker) | GBP Support | Sign-Up Bonus |
|----------------|-------------------|--------------|-------------|---------------|
| Coinbase | 200+ | 0.5%–3.99% | ✅ | £5 Bitcoin |
| Uphold | 250+ | 0.8%–1.2% | ✅ | None |
| Binance | 350+ | 0.1% | ✅ | 20% Fee Discount |
| eToro | 90+ | 1% | ✅ | $10 Crypto |
| Gemini | 60+ | 0.35%–3.49% | ✅ | $10 Bitcoin |
| Kraken | 200+ | 0.26%–1.5% | ✅ | None |
| Crypto.com | 250+ | 0.4%–3.5% | ✅ | Up to $50 |
Detailed Reviews
1. Coinbase
- Best for Beginners
- Regulated: FCA-compliant
- Fees: 0.5%–3.99% (varies by payment method)
- Payment Methods: Bank transfer, debit/credit card
- Pros: User-friendly, insured custody
- Cons: Higher fees for instant buys
2. Uphold
- Best for Transparency
- Fees: 0.8%–1.2% (crypto trades)
- Unique Feature: Audited proof-of-reserves
- GBP Deposit: Free via bank transfer
3. Binance
- Best for Low Fees
- Fees: 0.1% (spot trading)
- Issue: Some UK banks block deposits
- Alternative: Use Binance Pro for advanced features
4. eToro
- Best for Social Trading
- Fees: 1% flat crypto fee
- Features: CopyTrading, stock/crypto portfolio
5. Gemini
- Best for Security
- Fees: 0.35% (ActiveTrader)
- Regulation: NYDFS, FCA
6. Kraken
- Best for Advanced Traders
- Fees: 0.26% (maker)
- GBP Pairs: Limited
7. Crypto.com
- Best for Rewards
- Fees: 0.4% (exchange)
- Perks: Crypto debit card, staking rewards
FAQs
What’s the cheapest way to buy Bitcoin in the UK?
Binance offers the lowest fees (0.1%), but always prioritize security and regulation.
Is Bitcoin legal in the UK?
Yes, but it’s not considered legal tender. The FCA regulates exchanges.
How do I store Bitcoin securely?
Use a hardware wallet like Ledger or Trezor for offline storage.
How is crypto taxed in the UK?
- Capital Gains Tax on profits.
- Income Tax if mining/trading professionally.
Conclusion
Choosing the right exchange depends on your needs:
- Beginners: Coinbase
- Low fees: Binance
- Security: Gemini
- Rewards: Crypto.com
For further reading, check our guides on crypto wallets and tax software.