Best Crypto Brokers in the UK

eToro is a fantastic broker tailor-made for beginners with its simple crypto trading interfaces and tutorials. The platform features over 70 cryptocurrencies with trading pairs across multiple markets like metals and stocks.

This broker stands out with its educational content located within the eToro academy. Here complete beginners can learn the fundamentals of crypto trading, cryptocurrency basics, and if you should invest. Also, more experienced traders can enroll in advanced courses to expand their knowledge.

• How to invest in cryptocurrency in the UK

Overall, eToro is a great specific Bitcoin broker and a general crypto broker for traders due to its many features like copy trading, staking, news & analytics, demo accounts, and more.

Coinbase is an established platform that makes it easy to buy, sell, and stake cryptocurrency. Beginners will likely favor this broker over most due to its simple sign-up process and the convenience of acquiring cryptocurrencies. You can instantly buy cryptocurrency with a debit card or alternatively deposit first and use the crypto trading software.

Moreover, you have access to multiple staking pools, and Coinbase will showcase the APY, so you know the expected rewards before committing your coins. Also, those with small portfolios can take advantage of Coinbase’s cryptocurrency courses that reward users with coins after completion.

All-in-all, Coinbase is a brilliant platform with many useful features as a crypto investor, like derivatives, staking, learning rewards, and a wallet.

Capital.com is a global brand founded in 2016 that specializes in CFD trading. The platform has an impressive range of cryptocurrencies, resulting in over 450 crypto CFD products. The spreads for each coin are tight, and Capital.com takes 0% commission.

Investors will find the blog section incredibly helpful as it provides news, analysis, insights, and explainers. The content is updated regularly, so you are always up-to-date with new developments. However, those with no experience with trading Bitcoin and other cryptos can use the Learn to Trade section, which has CFD and cryptocurrency trading guides.

Libertex is an online CFD broker with decades of experience. In 2021, the broker was awarded the Most Trusted Broker and Best Trading Platform. In total, Libertex has received over 40 international awards. Its reputation attracts new investors to the platform, and they stay due to the service provided in return.

Once you sign-up, you have access to three crypto trading platforms - MetaTrader 4, MetaTrader 5, and Libertex Trading Platform. MetaTrader 4 is currently the most popular professional trading software. However, you can use MT5, an updated version with more features. Alternatively, you can use the award-winning Libertex Trading Platform.

• How to buy Bitcoin in the UK

• How to sell Bitcoin in the UK

Trading crypto CFDs has many benefits on Libertex, such as 0% commission, 0% swap for overnight positions, and tight spreads. Also, you have access to a wide range of cryptocurrencies from small market cap to high.

Crypto.com is a premium crypto exchange that supports spot trading, NFTs, leverage trading, staking, and more. The platform allows users to carry on trading on its app and it was founded in 2016 and has grown significantly to over 50 million customers in recent years. This was due to multiple reasons, mainly from sponsorships with celebrities and global sports brands.

The spot trading software is straightforward to understand and comes with several tools. Also, have access to different investment activities such as perpetual, futures, warrants, and OTC (over-the-counter). However, if you don’t trust your crypto trading skills, you can implement a crypto trading bot, a new feature recently added to the platform.

The broker has its own cryptocurrency called CRO, which can be used to pay for fees or stake. When using CRO to pay for platform costs, you’ll receive a 20% discount, increasing your profits. Crypto.com also provides a Visa card with multiple perks like CRO rewards and subscriptions to various streaming services.

Eightcap is a beginner-friendly Australian broker founded in 2009 by Joel Murphy. There are over 250 crypto derivative products, which you can analyze by going to the main crypto page and selecting to see the full list. Here you’ll see the spreads and maximum leverage for specific coins.

The broker provides MetaTrader 4 and MetaTrader 5, which are advanced trading software with useful tools. They are downloadable, so you can trade directly from your desktop rather than a browser. Eightcap’s diverse educational section covers various topics like trading fundamentals and strategies. Also, if you’ve never used MetaTrader software, there are many helpful tutorials.

Binance is one of the best crypto exchange UK that offers services for beginners and experts. The simple convert section lets users exchange coins without using the trading software. Also, you can buy crypto instantly using a credit or debit card. More advanced users will enjoy the spot trading software because of its ease of use, multiple order types, and trading tools.

The platform offers other ways to invest, such as futures, options, and leveraged tokens. You can even borrow up to 50x your investment, letting you place significantly larger positions than you originally would.

Once you buy cryptocurrency, you can use the staking section to allocate your coins and receive rewards. Binance will showcase the type of investment product along with the expected APY.

Kraken is a newcomer-friendly crypto platform known for its security. A few of its protective features include 95% of all crypto and NFT deposits being kept offline, regular penetration testing, real-time monitoring, SSL encryption, and 2FA.

• How to buy NFTs in the UK

The spot trading interface is impressive and doesn’t over-complicate the process of buying coins. All necessary information is displayed conveniently, and crypto trading tools are at your disposal if you need them. Furthermore, experienced traders can enable leverage trading and borrow up to 5x their holdings.

Staking on Kraken is effortless, and you’ll know the APY with payout dates beforehand. Currently, the broker offers several cryptocurrencies and two fiat currencies to stake. To summarize, Kraken is an amazing choice for UK investors because of its ease of use. You can access many features such as 2FA, spot trading, leverage, crypto guides, NFTs, and much more.

KuCoin is an excellent choice for those who want a diverse range of crypto assets. The broker offers 736 cryptocurrencies and over 1200 trading pairs, making it easy to diversify your portfolio. After acquiring your coins, you can stake them to secure the network and receive rewards.

The crypto trading software is easy to use, although it can initially look complex to understand. It comes with a variety of useful trading tools like pitchfork, trend line, brush, text, measure, and more. Also, you can set different trade types - stop-loss, limit, and market.

Unfortunately, KuCoin does not allow fiat currency deposits and only accepts cryptocurrency. However, buying cryptocurrency instantly with a bank card is available. Also, you do not need to complete KYC to trade on KuCoin, but your account will have restrictions.

The main difference between both platforms is that brokers issue CFDs, while a crypto exchange let you buy real cryptocurrency. Also, a crypto exchange offer different services like crypto loans, crypto deposits, and staking.

ETFs (exchange-traded fund) are securities that work similarly to a mutual fund. The trading platforms below were selected for their ETF and ETP variety, ease of use, and fee structure.

Over-the-counter (OTC) are a way for individuals or businesses to buy and sell cryptocurrencies outside of the traditional market. This feature allows high-value clients to create private deals directly with the crypto exchange and potentially get better deals. These are the overall top choices:

Cryptocurrency futures are legal agreements to buy or sell coins in the future at a predetermined value. This lets you get a better price on coins if you accurately predict if it rises or falls.

Cryptocurrency options give you the right to buy or sell coins at a specific price. Unlike with futures, you are not obligated to buy or sell, making options much less risky.

This method for trading Bitcoin and other crypto assets involves buying and selling cryptocurrencies every few minutes, hours, or even days. For this reason, you’ll want to use a platform with low fees to increase profits. Binance and KuCoin have developed their own crypto assets, which give discounts when paying fees.

With leverage and margin trading, you can increase your position’s value by borrowing money. For example, if a broker has 100x leverage and you have GBP 1,000, you can place trades up to GBP 100k in value. However, note that this is an extremely risky investment strategy as crypto prices are volatile, and you can get liquidated quickly.

Some crypto exchanges and crypto brokers provide spread betting features. This lets users place bets on cryptocurrencies, whether or not they will gain or lose value. KuCoin has one of the best spread betting apps and lets you team up with friends or strangers.

Crypto binary options let investors place “yes” or “no” bets on the future value of an asset. They are attractive to traders due to their simplicity. However, this type of trading is extremely risky as coin prices are volatile, and it's impossible to predict dips or rises in small time frames.

The crypto exchanges and crypto brokers below are ideal for beginners due to their ease of use, deposit methods, and user-friendly interfaces. Also, with eToro and Kraken, you can enable the demo account feature to test the platform before committing your money.

More advanced traders will want to use trading tools and indicators to help trade Bitcoin and other crypto assets. Therefore, we’ve researched and selected the top three brokers that provide advanced trading interfaces along with useful tools.

Cryptocurrency brokers require uploading ID to comply with KYC laws. Therefore, you cannot be anonymous when trading with a broker. If anonymity is a concern, you can trade Bitcoin and other crypto assets using a DEX, which doesn’t require creating an account or ID.

This table displays the top crypto exchanges and crypto brokers for popular payment methods.

Brokers often use their own proprietary trading software or the MetaTrader 4. Here you can see what the most popular brokers are using:

When brokers sell Bitcoin and other cryptocurrencies they usually apply a spread on the price. This means the value of the asset will be a little above the market rate. For example, if Ethereum is $1,000, the broker will list ETH at $1,010. This is how brokers can maintain a 0% commission as they make their profits from spreads.

• How to buy Ethereum in the UK

Margin and leverage trading gives you more buying power by borrowing funds from the platform. If the broker allows 20x leverage, you can borrow up to 20 times your holdings. However, this doesn’t come without risk, as you’ll have a liquidation value. If the coin goes below or above the liquidation value (depending on whether you shorted or longed), you can potentially lose your whole investment.

Here you can see the costs of using the following brokers:

When choosing a specific Bitcoin broker or a general crypto broker ease of use and accessibility should be huge factors to consider. The crypto exchanges and crypto brokers we’ve selected have great user interfaces that are easy to navigate. Also, they make finding essential features effortless, making the whole investment process smooth. Design, speed, loading times, and crypto trading software interfaces should be one of the main things to look at before signing up.

Established brokers will have smartphone apps with the same features as a desktop. Therefore, you can easily trade Bitcoin and other cryptocurrencies, stake, and manage your money from anywhere as long as you have an internet connection. Below you’ll find the best brokers that are compatible with mobile.

Cryptocurrency brokers can vary in their accessibility globally due to regulations and laws. These are the best brokers to use in other countries

• Best cryptocurrency broker in Australia: eToro

• Best cryptocurrency broker in South Africa: eToro

• Best cryptocurrency broker in the UK: Coinbase

• Best cryptocurrency broker in the USA: Coinbase

• Best cryptocurrency broker in Canada: Coinbase

• Best cryptocurrency broker in the Netherlands: eToro

• Best cryptocurrency broker in Romania:eToro

• Best cryptocurrency broker in Switzerland: Binance

• Best cryptocurrency broker in Austria: Kraken

• Best cryptocurrency broker in Turkey: Crypto.com

• Best cryptocurrency broker in Europe: eToro

• Best cryptocurrency broker in Kenya: Eightcap

Liquidity in basic terms is the ease of converting your coins into fiat currency or cryptocurrency. If the platform doesn’t provide enough liquidity, you can buy a coin and be unable to sell it. With a Bitcoin broker or other crypto brokers, liquidity isn’t an issue as they offer derivative products. Whereas, with a crypto exchange, it matters since they use an order book system, which relies on providing users with liquidity.

Cryptocurrency brokers operating within the United Kingdom must legally register with the Financial Conduct Authority (FCA). They are responsible for consumer protection, market integrity, and fair competition.

Your main concern when looking at Bitcoin broker or general cryptocurrency brokers are their security and safety features. This information is usually displayed in the FAQ section, which highlights what technologies they use. The main security features a broker should provide are 2-step authentication, cold storage, SSL encryption, and real-time monitoring.

Moreover, a broker's reputation matters greatly since it can indicate if the platform is trustworthy. For example, Robinhood restricted transactions for GME after its huge rise. Many believe this was unfair, and the broker’s reputation took a significant nose dive, resulting in 1 star briefly on the Google Play store.

How do I know a cryptocurrency broker is secure and is not a scam?

A clear way to know if a Bitcoin broker is untrustworthy are:

• Anonymous founders of the broker

• Unrealistic promises

• Questionable marketing

• Low stars and bad reviews left by victims

Customer service is important as you never know when you’ll need help. All brokers have email support where you can send a message and receive a reply within 1 to 5 business days. However, the best type of customer support is through 24/7 live chat, as you can get answers to your inquiry within minutes. Also, if you want personal assistance, some trading platforms offer a helpline you can call.

Cryptocurrency bots are software that will trade Bitcoin and other crypto assets on your behalf. They have a few advantages over humans, like placing multiple orders simultaneously, instant reactions to market movement, and the ability to trade 24/7. Binance and KuCoin are a few of the top trading platforms that offer bots as part of their services. You can see the parameters and the ROI from its starting date, making it easier to decide if you want to use it.

Cryptocurrency exchanges act as an intermediary between traders and facilitate orders. Unlike brokers that issue CFDs, crypto exchanges will sell Bitcoin and other cryptocurrencies you can withdraw, stake, and spend. In most cases, crypto exchanges are favored over brokers since you can have ownership over your cryptocurrencies. Some crypto exchange examples are Binance, Coinbase, and Kraken.

Cryptocurrency robots are programmed to make trades on behalf of the investor. This gives them a few advantages, like trading non-stop and setting up multiple positions simultaneously. When using a robot for the first time, you’ll have to set up the perimeters (the robot’s settings) or use one of the given presets.