Trading Bitcoin has never been more accessible, with an abundance of platforms offering functionality to invest in cryptocurrency from the comfort of your own home. Each platform comes with its unique pros and cons, which can make it tricky to narrow down the selection to one that suits you.
To help streamline the decision-making process, this guide will explore the Best Bitcoin Account UK by reviewing the top platforms and highlighting how you can buy Bitcoin today – all in a matter of minutes!
Key Features of Bitcoin Accounts UK
- Bitcoin accounts are trading accounts offered by brokers and exchanges that allow users to buy Bitcoin (and other cryptocurrencies) from their computers, smartphones, or tablets.
- There are various types of Bitcoin accounts to consider, including brokerages, exchanges, and crypto wallets.
- It’s essential to consider various factors such as fees and regulation when choosing a Bitcoin account to ensure you’re trading optimally.
- Our recommended Bitcoin account is Coinbase, as it has a wide range of offerings.
👉 Discover the best Bitcoin trading platforms
Best Bitcoin Account UK List
Found below is a brief outline of the best Bitcoin accounts in the UK available to traders right now:
- Coinbase – High Security Bitcoin Wallet Account
- Bybit – Bitcoin Account with Great Leverage Facilities
- ModeApp – Excellent Bitcoin Trading App for Smartphone
- Binance – Best Bitcoin Account for Asset Selection
- OKEx – Great Bitcoin Account for Staking
- CoinJar – Ideal Bitcoin Account for Beginners
- CoinCorner – Easy To Use Bitcoin Platform
- Uphold – Best Bitcoin Account with All-Inclusive Pricing
Best Bitcoin Accounts Reviewed
Before you buy Bitcoin, it’s crucial to explore your options for creating a Bitcoin account. Found below are the best options available to traders right now, with our reviews covering their features and fee structures.
1. Coinbase – High Security Bitcoin Wallet Account
Coinbase is regarded as one of the best Bitcoin exchanges globally and is currently the second-largest cryptocurrency exchange in terms of trading volume. Coinbase is authorized in the UK by the FCA and has approximately 73 million registered users worldwide.
Key Features:
- Sleek user interface designed for casual investors.
- Vast selection of digital assets, including altcoins and ERC-20 tokens.
- 98% of customer holdings stored in cold storage for enhanced security.
- Free self-custody wallet supporting over 4000 cryptos and NFTs.
Fees:
- Flat fee or variable fee, whichever is higher.
- Credit/debit card purchases incur a 3.99% fee.
👉 Explore Coinbase’s security features
2. Bybit – Bitcoin Account with Great Leverage Facilities
Bybit offers numerous trading services, including spot markets, derivatives, and USDT perpetual contracts. The platform is known for its high leverage facilities, offering up to 1:100 leverage.
Key Features:
- Up to 1:100 leverage for advanced traders.
- Free demo account (‘Testnet’) for beginners.
- Low spot market fees (0.1% for takers, 0% for makers).
Fees:
- 0.1% taker fee in the spot market.
3. ModeApp – Excellent Bitcoin Trading App for Smartphone
Mode is a UK-based app designed for hassle-free Bitcoin trading on smartphones. The app links seamlessly with UK bank accounts and charges a flat fee of 0.99% per transaction.
Key Features:
- Flat 0.99% transaction fee.
- Cashback rewards in BTC for shopping with partnered merchants.
- FCA-regulated for enhanced safety.
4. Binance – Best Bitcoin Account for Asset Selection
Binance offers over 500 cryptocurrencies to trade, making it one of the most versatile platforms available.
Key Features:
- Low 0.1% transaction fee.
- 25% fee reduction when trading with Binance Coin (BNB).
- Advanced security features like two-factor authentication.
Fees:
- 0.1% transaction fee per trade.
5. OKEx – Great Bitcoin Account for Staking
OKEx is ideal for staking, offering ‘OKEx Earn’ to generate returns on assets effortlessly.
Key Features:
- Over 240 cryptos available.
- Free deposits and withdrawals.
- Non-custodial wallet supporting multiple blockchains.
Fees:
- Maker and taker fees range from 0.06% to 0.1%.
6. CoinJar – Ideal Bitcoin Account for Beginners
CoinJar is designed with beginners in mind, offering a brokerage and exchange element for flexibility.
Key Features:
- 2% fee for instant card purchases.
- Maker/taker fee structure on the exchange side.
- Easy-to-use platform with QR-code functionality.
Fees:
- 2% fee for card purchases.
- Exchange fees range from 0.05% to 0.2%.
7. CoinCorner – Easy To Use Bitcoin Account
CoinCorner is tailored for users who want a simple, hassle-free Bitcoin buying experience.
Key Features:
- Quick account setup.
- 1% buying/selling fee.
- Auto-Buy feature for passive investing.
Fees:
- 1% trade size fee.
8. Uphold – Best Bitcoin Account with All-Inclusive Pricing
Uphold employs an ‘anything to anything’ structure, allowing seamless exchanges between assets.
Key Features:
- No commission fees.
- Spread-based pricing (0.85% for BTC).
- Supports hardware wallets like Trezor and Ledger.
Fees:
- 0.85% spread for BTC.
Types of Bitcoin Accounts
When setting up a Bitcoin account, you have various options to choose from:
Bitcoin Brokerage Accounts
Traditional platforms acting as middlemen in transactions.
Bitcoin Exchange Accounts
Platforms pairing buyers and sellers directly, often with lower fees.
Bitcoin Wallet Accounts
Designed to store crypto safely, including:
- Desktop Wallets: Software applications for storing crypto.
- Hardware Wallets: Offline storage for enhanced security.
- Mobile Wallets: Smartphone apps for easy access.
- Paper Wallets: Physical documents with keys (rarely used).
How to Choose the Best Bitcoin Account
Consider these factors when selecting a Bitcoin account:
Safety
Look for platforms regulated by top entities and offering two-factor authentication.
Account Features
Opt for platforms with staking, debit cards, and other advanced features.
Fees
Examine fee structures, including trading, deposit, and withdrawal fees.
Usability
Choose user-friendly platforms, especially if you’re a beginner.
Customer Service
Prioritize platforms with responsive support and extensive FAQs.
How to Open a Bitcoin Account UK
Follow these steps to open a Bitcoin account with Coinbase:
1. Open an Account at Coinbase
Register with basic information like name and email.
2. Verify KYC Information
Upload passport and bank statement for identity verification.
3. Deposit Funds
Fund your account using various payment methods (no deposit fees).
4. Search and Buy Crypto
Type your desired crypto into the search bar and complete your purchase.
Conclusion
This guide has explored the best Bitcoin accounts on the market, highlighting their features and fee structures. By reviewing the options listed, you’ll find an account that suits your needs and start trading optimally.
For a secure and user-friendly experience, we recommend Coinbase, one of the safest crypto accounts globally.
Frequently Asked Questions
What is a Bitcoin account?
A Bitcoin account is a trading account offered by brokers or exchanges that allows users to buy, sell, and store Bitcoin and other cryptocurrencies.
How do I open a Bitcoin account UK?
To open a Bitcoin account, choose a platform like Coinbase, register, verify your identity, deposit funds, and start trading.
How do I transfer Bitcoin to my bank account?
To transfer Bitcoin to your bank account, sell your Bitcoin on the platform and withdraw the funds to your linked bank account.
What are some Bitcoin accounts?
Some popular Bitcoin accounts include Coinbase, Binance, Bybit, and OKEx.
What is the best Bitcoin account?
The best Bitcoin account depends on your needs, but Coinbase is highly recommended for its security and user-friendly interface.