8 Best Crypto Apps In The UK (May 2022)

January 24, 2022
Blog

Choosing the best cryptocurrency apps in the United Kingdom is a tough job because there are so many alternatives, each with its own set of strengths and flaws. With this in mind, we’ll look at several of the greatest British cryptocurrency exchanges available to you and tell you what they have to offer in this post.

British crypto investors have shown a great deal of confidence in CoinSmart, with many praising the firm. The platform is simple to use, allowing you to purchase and trade cryptocurrencies with ease. It also has bank-level protection and charges the lowest fees among British crypto exchanges, so we highly recommend it.

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Offer ends May 19.

What Is The Best Crypto App In The United Kingdom?

1. CoinSmart

Best Overall

Trading fees: 0.2%
Security: 95% cold storage
Signup bonus: $50

$50 offer ends May 19.

★★★★★

Rated 4.9/5

CoinSmart is, without a doubt, the best crypto exchange in the United Kingdom in 2022. If you haven’t heard of them, that’s because they’ve been pouring money into improving their trading experience, not marketing. Still, if you ask any experienced British crypto trader, they’ll tell you the same thing: CoinSmart is the best in the business.

CoinSmart’s trading fees are an incredibly low 0.20%. They offer excellent customer support via phone, live chat and email, and user accounts are verified instantly.

Most exchanges require users to trade every altcoin first with a stablecoin (eg. Chainklink with Bitcoin, and then Bitcoin with Shiba Inu), but CoinSmart allows users to trade altcoins directly (eg. Chainlink with Shiba Inu), minimizing fees and boosting your profits. And you’re buying real crypto with CoinSmart, which means you can move it on and off the exchange whenever you want.

I’ve personally used CoinSmart for more than a year now and have had nothing but excellent experiences with them. I’ve tried out many of the other cryptocurrency exchanges on this list, so I’m confident that CoinSmart is the best place to buy crypto in the United Kingdom.

Features

  • Extremely low trading fees (just 0.20% per trade)
  • 24/7 customer support available via phone, live chat or email
  • Instant account verification
  • Supports 16 cryptocurrencies
  • Trade all altcoins directly
  • Immediate deposits and withdrawals
  • User-friendly for both beginners and advanced traders
  • 95% cold storage policy keeps your crypto extra secure

Cost

  • Trading Fees: 0.20%

Signup Bonus

$30 bonus when you sign up using this link

Best For

Investors looking to trade stablecoins or altcoins with the industry’s lowest fees.

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Offer ends May 19.

2. Crypto.com

Crypto.com: best crypto exchange Canada

Crypto.com is a major global player as far as exchanges go. It supports 100+ cryptocurrencies, making it an ideal fit for anyone looking to invest in undiscovered altcoins before the masses.

Crypto.com also offers some unique features that few British cryptocurrency exchanges can match. Users can trade options and futures contracts, earn interest by staking their coins, and make trades with up to 10x leverage when they feel particularly confident in a coin.

Crypto.com has invested an enormous amount of money into its platform security, which makes trading with them extremely safe. The exchange is also lightning quick (prices update dozens of times per second), which gives day traders an upper hand over the rest of the market.

Features

  • Supports 100+ cryptocurrencies
  • Allows up to 10x leverage
  • Trade crypto derivatives (futures and options contracts)
  • Earn daily interest by staking your coins
  • Purchase newly-listed coins at up to 50% off
  • Reasonable trading fees (0.4% per trade)
  • Free deposits from all cryptocurrencies

Cost

  • Trading Fees: 0.4%

Signup Bonus

$10 of CRO when you stake $1,000 of CRO using this link

Best For

Investors looking to buy altcoins and other new crypto assets before they go mainstream.

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Extremely secure, 10x leverage

3. LocalBitcoins

LocalBitcoins

LocalBitcoins takes a different approach than most of the others on this list: rather than trading with the broader market, you actually buy and sell with individual traders. It’s earned a loyal user base for its overall ease of use, and it’s one of the oldest cryptocurrency marketplaces around today.

The main reason I like LocalBitcoins, though, is for its low barrier to entry. Since you’re trading with other people, not with LocalBitcoins itself, it’s easy to get your account verified and start making trades.

LocalBitcoins users do need to proceed with caution, though; it’s possible to get scammed by other users on the site, especially when selling Bitcoin for cash. One common scam, for example, is a buyer who pays you via PayPal and then files a PayPal dispute once they’ve received your Bitcoin. Other payment methods (eg. INTERAC transfer and bank wires) are much more secure, but still, be careful. If it seems too good to be true on LocalBitcoins, it probably is.

Features

  • Easy to use
  • Very easy to start trading
  • Low transaction fees
  • Deposit GBP via bank transfer, INTERAC, Moneygram, Wise, PayPal, ATM deposit, and more
  • Helpful customer support

Fees

  • Trading fees: 0.00006 BTC (~$4 CAD) flat fee per transaction
  • Depositing funds: Free
  • Withdrawing funds: Free

Best For

Investors looking to buy and sell Bitcoin quickly and easily.

4. Coinbase

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Coinbase is an American cryptocurrency exchange that was originally founded in 2012. It’s based in San Francisco and it’s one of the oldest cryptocurrency exchanges in the world. It’s also the second-largest crypto exchange in the world, the first being Binance.

It was designed to be one of the easiest places to buy, sell, and trade cryptocurrency, and it serves retail investors, businesses, and institutions alike. Originally, it only supported Bitcoin, but it now supports a wider array of digital assets.

Features

  • A wide arrange of supported cryptocurrencies (100+)
  • Coinbase Pro, the premium service of the platform
  • Coinbase Earn, a bundle of learning resources and tools ideal for beginners
  • Coinbase Wallet app that allows you to store your cryptocurrencies safely
  • 98% cold storage policy to keep your funds secure
  • Insurance for hacked funds

Cost

  • Bank account fee: 1.49%
  • Debit or credit card fee: 3.99%
  • Coinbase USD Wallet fee: 1.49%
  • Credit transaction fee: 2%
  • ACH transfer fee: Free
  • Bid-ask spread: 0.5% (Can vary)

Best For

Crypto investors looking for learning resources on crypto and a wide array of supported cryptocurrencies.

5. Kraken

Kraken is a cryptocurrency exchange and bank originally founded in 2011. It’s located in the United States (specifically San Francisco), and it enables you to trade fiat currencies like GBP or USD for cryptocurrencies and vice-versa. It also allows you to trade one type of cryptocurrency for another.

The exchange provides price data for digital assets to the Bloomberg Terminal, and as of December 2021, Kraken is accessible in 48 US states and 176 different countries, making it one of the more global exchanges around today.

Features

  • Very wide range of supported crypto (90+)
  • Simple and intuitive user interface
  • Kraken Crypto Watch feature that allows you to keep track of the crypto market
  • A plethora of information and educational resources on crypto for its users
  • 24/7 customer support through a variety of methods

Cost

  • Trading fees: Between 0% and 0.26% per trade
  • Crypto credit card purchases: 3.75% + €0.25
  • ACH crypto purchases: 1.5%

Best For

Cryptocurrency investors looking for an exchange with a wide array of supported altcoins and stablecoins.

6. Binance

Binance is an international cryptocurrency exchange that currently serves as the world’s largest crypto trading platform by volume of daily trading. It began operations in 2017 and is now headquartered in the Cayman Islands.

Binance was founded in Hong Kong but later moved its headquarters overseas due to increased government intervention in cryptocurrencies. It has several notable characteristics, including powerful charting tools and access to the Binance Earn feature, as well as a Binance Visa Card.

Features

  • The largest array of supported cryptocurrencies (300+)
  • Wide array of supported fiat currencies (50+)
  • Binance Earn feature
  • Binance Visa Card
  • Advanced charting tools
  • Earn lower fees by using the exchange’s native currency (Binance Coin)

Cost

  • Crypto deposit fees: Free
  • Fiat deposit fees: From 0% to 3.5%
  • Crypto withdrawal fees: From 0% to 2,5%
  • Taker fees: From 0.04 to 0.1%
  • Maker fees: From 0.02 to 0.1%
  • Futures trading maker fees: 0.02%
  • Futures trading taker fees: 0.04%
  • Instant buy/sell trade fees: 0.5%
  • Debit/credit card purchases: 4.5%

Best For

International cryptocurrency investors that are interested in investing in rare or relatively unknown altcoins.

7. Gemini

The Gemini Trust Company is a cryptocurrency exchange and crypto custodian that allows you to buy, sell, and store a variety of different digital assets.

Gemini is a trust company based in New York, so its regulation is handled by the New York State Department of Financial Services (NYDFS). The Winklevoss brothers were behind its creation.

Features

  • Great user interface
  • Gemini “My Portfolio” feature that allows you to keep track of your account effortlessly
  • Highly-regarded mobile app
  • A wide array of supported crypto (40+)
  • Great for beginners

Cost

  • Maker fees: 0.25%
  • Taker fees: 0.35%
  • Mobile app trading fees: +0.5%

Best For

British crypto investors who want a user-friendly and regulated experience when trading cryptocurrencies.

8. KuCoin

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KuCoin is a cryptocurrency exchange that was founded in Hong Kong in 2017 and refers to itself as “The People’s Exchange”. Their goal was to provide a simple and secure platform on which to buy and trade a variety of digital currencies worldwide.

The site has made a large impression on the cryptocurrency community, with over 8 million users in four years and being the crypto exchange of choice for 1 in 4 crypto coin owners worldwide.

Features

  • Allows you to engage in margin trading
  • Allows you to stake cryptocurrencies
  • Allows you to use trading bots to automatically buy crypto
  • A very wide array of supported crypto (380+)
  • Advanced trading features that will aid seasoned crypto investors

Cost

  • Maker fee: 0.1%
  • Taker fee: 0.1%

Best For

British crypto investors who want a large number of digital currencies to choose from or seek an automated trading feature.

What To Look For In The Best Crypto Apps In The UK

There are several things to think about when choosing the best cryptocurrency exchange in the United Kingdom. Some of these elements include:

Supported coins: An important consideration, as you’ll want to ensure the exchange supports the coins you’re looking to trade. The number of supported cryptocurrencies tends to vary wildly between crypto exchanges, so research this characteristic very closely.

User interface: How user-friendly is the site? Is it easy to navigate and understand? This can be a very important consideration for beginners. However, more experienced traders may also want to think about other features the site offers, such as advanced trading tools.

Fees: Fees can vary greatly between exchanges, so it’s important to compare and find an exchange that offers the best value for your trading needs.

Regulation: This is an important consideration for many investors, as you’ll want to ensure the exchange is regulated in a way that makes you feel comfortable. The more regulation a crypto exchange has, the safer it will be.

Deposit & withdrawal options:  How easily can you deposit and withdraw funds from the exchange? This is an important consideration, as you’ll want to ensure you can move your money in and out of the exchange quickly and easily.

Account security: This is a major consideration for all investors. Make sure to research any exchange you’re thinking of using and search for ones that have added multiple levels of security, such as two-factor authentication and offline cold storage.

Customer support:  If you ever have any questions or run into any problems using the exchange, it’s important to know that customer support is available and easy to contact. Look for exchanges that offer multiple methods of contacting customer support (e.g. email, phone, live chat).

Best Crypto Exchange UK FAQs

Can I Buy Cryptocurrency In The UK?

Yes, you can buy cryptocurrencies in the United Kingdom if you use a cryptocurrency exchange. We recommend using platforms like CoinSmart, Crypto.com, or LocalBitcoins for this because they allow you to purchase a variety of different coins without charging high fees.

What Is The Best Bitcoin Trading Platform In The UK?

CoinSmart is the most popular crypto exchange to buy Bitcoin in the United Kingdom, with bank-level security and low fees. CoinSmart supports 13 different cryptocurrencies, accepts deposits and withdrawals swiftly, and verifies accounts in just 2 minutes or less.

What Is The Best Crypto Exchange Platform In The UK?

The best cryptocurrency exchanges to use in the United Kingdom are CoinSmart, Crypto.com, and LocalBitcoins. CoinSmart has a 95% cold storage policy, a well-rated mobile app, and very low trading fees.

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Spreads: ~0.5%
Security: 95% cold storage
Signup bonus: $30

Low spreads, great platform.

★★★★

Rated 4.5/5