Cryptocurrency trading has taken the market by storm, owing to the ups and downs in the value of Bitcoin, Dogecoin, and other cryptocurrencies. Although it may seem overwhelming at first, there are most likely a few scam sites. You may get your feet wet in the trading world in various ways, and if you’re nervous, we’ve got your back.
It is not something you should take lightly since even experienced internet brokers may make mistakes. As a result, we have compiled a list of the top crypto apps that will allow you to purchase and trade cryptocurrency without fear of losing your hard-earned money.
Several stand out from the pack, and we have extensive evaluations for each platform. You should bear in mind that trading has the danger of losing money while making money; however, using our alternatives reduces this risk since we have only featured companies who have previously established their trust with many delighted customers.
Investing In Cryptocurrency - Top 10 Best Platforms in UK
eToro is now the finest crypto exchange in the UK. Because eToro is approved and regulated by the Financial Conduct Authority, you may buy and trade digital currencies confidently. It also has regulatory permits in other countries, including the United States and Australia.
This exchange allows you to establish a verified cryptocurrency account in less than five minutes.
Coinmama is a rising brand in the crypto-exchange space, servicing millions of customers from all over the globe. They are mostly known for their card transactions. Aside from Bitcoin, you may quickly purchase seven other cryptocurrencies.
You may begin purchasing cryptocurrency immediately after creating a Coinmama account. It offers an excellent user interface that appeals to first-time and seasoned consumers.
AQRU is another excellent cryptocurrency exchange in the UK to consider. AQRU is a branch of Accru Finance Ltd, a London-based financial institution that allows investors to earn a return on their cryptocurrency holdings.
AQRU’s payments gateway presently supports five different cryptocurrencies that may buy.
Because the digital market is already crowded with options, selecting the right platform may be difficult for new and seasoned bitcoin users. When it comes to the most popular, Binance is at the top.
Its success stems mostly from the fact that it boasts one of the most user-friendly interfaces, making it attractive even to unfamiliar individuals with such platforms. They have lately joined forces with third-party organisations like Simplex to facilitate premium credit card and wire transfer purchases of cryptocurrencies. It was founded in 2018 to allow cryptocurrency enthusiasts to buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and hundreds of others.
Bitstamp is worth investigating if you want to purchase cryptocurrencies in the UK with cheap costs. Bitstamp is one of the world’s oldest cryptocurrency exchanges, founded in 2011. With over 50 different cryptocurrencies to trade.
The site has a solid reputation for safety and customer experience. When you conduct a crypto deal, Bitstamp charges a fixed 0.5 per cent fee, which drops to 0.25 per cent if your monthly trading volume exceeds $10,000 (£7975). Users may also purchase cryptocurrency instantaneously with a debit or credit card, albeit this will incur a 5% fee for every transaction. Bitstamp stores 98 per cent of user assets offline and offers asset protection via BitGo insurance.
Webull’s trading app is intended for intermediate and advanced investors and traders. Through its commission-free structure, you may save a significant amount of money compared to other online brokers, regardless of your trading expertise.
It has an easy-to-use and intuitive structure where any novice or experienced user can discover all essential trading tools. You may also discover interesting instructional tools and instructive programmes.
Crypto.com is another excellent cryptocurrency exchange in the UK to consider. Crypto.com sprung into the scene last year, with over 10 million users worldwide. The platform caters to novice and experienced traders with a web-based exchange and a useful mobile app.
Users may buy and sell cryptocurrencies on Crypto.com’s exchange for a 0.4 per cent maker/taker fee, which can be decreased if costs are paid in CRO. The Crypto.com software is well-designed, with clear tabs for all key parts down the bottom. With a 34.6 per cent APY, users may watch certain assets and even stake CRO.
Gemini was created to cater to both new and experienced investors, providing many alternatives for buying and selling cryptocurrencies. It contains unique features such as Gemini Earn, Gemini Pay, and Gemini Wallet Walled, which enable investors to have a more unified trading experience than other crypto trading platforms.
One of the most appealing aspects of utilising Gemini is the interest-bearing account function, which enables you to earn a high Annual Percentage Yield on selected cryptocurrencies, online and offline storage choices, and the ability to purchase with cryptocurrency at different times stores.
Uphold is a cryptocurrency exchange and multi-asset brokerage platform established in the United Kingdom that allows the trading of over 115 cryptocurrencies. There are large cryptos like Bitcoin and Ethereum and meme coins, DeFi coins, and stablecoins.
The selection is hard to match, particularly if you wish to trade new cryptocurrencies that have yet to be listed on other exchanges.
Margex is a cryptocurrency exchange where you can trade Bitcoin with up to 100x leverage. Margex does not come within the UK’s crypto derivatives prohibition since it functions similarly to other kinds of margin trading.
When you create a margin transaction with Margex, you may set your leverage and know the price level your trade will liquidate in advance. You may also check your maximum risk, which allows you to make more informed trading choices.
UK investors of all sizes now have access to a diverse choice of cryptocurrency exchanges. It implies that you may buy and sell digital assets like Bitcoin and Dogecoin from the comfort of your own home with the press of a mouse. In the preceding article, we aided the mist by assessing the finest cryptocurrency exchanges in the UK right now — in terms of security, fees, supported currencies, and more.