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In the modern era, you can buy and sell crypto assets online using a broker. But since cryptos are incredibly valuable, many fraudulent and scammy service providers are popping up by the day. You must look for a credible, FCA-authorized crypto broker to avoid losing money. We vetted and tested the service providers available in the UK. Then, our team compared the most credible and picked 5 crypto brokers UK that outshine the rest. We considered multiple factors while identifying the best service providers, from regulation and security to fees and commissions. Additionally, our team reviewed and factors online ratings and reviews on Google Play, the App Store, and Trustpilot.
Finding a good broker in a region like the UK, where countless service providers are available, can be daunting. This task is time-consuming and can be incredibly frustrating. What’s more, if you’re not careful, you may fall for the antics of fraudulent companies and end up losing vast amounts of money. We are here to help you avoid such issues and find the best cryptocurrency broker UK without breaking a sweat.
Our team dedicated many days to researching, evaluating, and comparing the crypto brokers operating in the UK. After toiling for hundreds of hours, we zeroed in on 5 service providers that stand out from the rest based on their adherence to FCA regulations, security standards, fees, and other aspects. Our experts tested and vetted each of the service providers included in our guide. The information you’ll read here is unbiased, based on first-hand experience, and tailored to help you, our beloved reader, make the best decisions.
List of the Best Crypto Brokers UK
- Kraken– Overall Best Crypto Broker UK
- eToro– Best Crypto Broker for Beginners in the UK
- FP Markets– Best Crypto Broker for CFD Traders in the UK
- Coinbase– Best Crypto Broker for UK Mobile Traders
- Crypto.com– Most Comprehensive Crypto Broker in the UK
In This Guide
Cryptocurrency Brokers: Comparison Table
As mentioned, we analysed many service providers in the UK and, based on our findings, identified 5 that deserve to be ranked as the best crypto brokers UK. That said, you can’t use all of these platforms simultaneously. You must find the most suitable service provider and commit to it. If you find something lacking, you can always pick a different service provider from our guide. But let’s not get ahead of ourselves.
Presently, your primary responsibility is picking the best crypto broker UK for you. To do that, you need to evaluate different factors associated with the service provider recommended here. The table below introduces the first factors you should consider while vetting the best crypto brokers in the UK and searching for a fitting service provider. We’ve compared the recommended companies based on these factors to make finding a good broker easier.
| Best Crypto Broker | Broker Type | Support Service | Price | Supported Coins | Digital Wallet |
|---|---|---|---|---|---|
| Kraken | Centralised | 24/7 | Free | 200+ | Yes |
| eToro | Centralised | 24/5 | Free | 100+ | Yes |
| FP Markets | Centralised | 24/5 | Free | 11+ | No |
| Coinbase | Centralised | 24/7 | Free | 200+ | Yes |
| Crypto.com | Centralised | 24/7 | Free | 350+ | Yes |
Brokers Short Overview
We also encourage you to examine each service provider’s fees and assets before signing up. That is important because high fees inflate expenses and decrease potential returns. On the other hand, you must verify if a service provider has your preferred digital assets before committing; otherwise, you might discover they are unavailable when it’s too late.
Considering all that, below is a breakdown of the fees and assets we discovered while evaluating and testing the best cryptocurrency brokers UK.
Fees
| Best Crypto Broker | Fees and Commissions | Minimum Deposit Requirement |
|---|---|---|
| Kraken | From 0.0% /0.1% maker/taker fees | £1 |
| eToro | 1% fee for buying or selling crypto | £100 |
| FP Markets | From 0.0007 pips | £100 |
| Coinbase | From 0.05%/ 0.00% maker/taker fees | None |
| Crypto.com | From 0.0%/ 0.1% maker/taker fees | None |
Assets
| Best Crypto Broker | Bitcoin | Ethereum | Litecoin | Ripple | Tether | Solana |
|---|---|---|---|---|---|---|
| Kraken | Yes | Yes | Yes | Yes | Yes | Yes |
| eToro | Yes | Yes | Yes | Yes | Yes | Yes |
| FP Markets | Yes | Yes | Yes | Yes | No | Yes |
| Coinbase | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto.com | Yes | Yes | Yes | Yes | Yes | Yes |
Our Expert’s Opinion about the Best Crypto Brokers UK
The mini-reviews below highlight what we discovered after evaluating and testing the best cryptocurrency brokers in the UK. Please note that our opinions and insights come from hours of research and first-hand experiences. Additionally, we are committed to providing nothing but unbiased information. Our platform never acts with prejudice; we report everything as it is.
1. Kraken – Overall Best Crypto Broker UK
Today’s top pick is Kraken, an infamous company that boasts over 10 million customers. We love this broker because it gives users access to the most popular digital assets today, from Bitcoin and Ethereum to Litecoin and Dogecoin. And its website is clean and clutter-free, making navigation seamless, even for newbies. We found everything easily, from available cryptos and the Kraken wallet to learning materials and support channels.
Speaking of fees, Kraken has a crystal-clear fee structure. We quickly established that this broker has competitive fees for both markers and takers. In fact, we discovered that high-volume traders can enjoy up to 0.00%/0.10% maker/taker fees on the platform.
We also consider Kraken the best crypto broker in the UK since this service provider allows individuals to buy cryptocurrency for just £10. This is perfect for newbies, who, in our opinion, should start trading and investing with the smallest capital possible to avoid risking catastrophic losses. The broker also allows traders and investors to fund their accounts with fiat or digital coins and make instant crypto purchases with qualified debit/credit cards.
Kraken
✔Registered with the FCA
✔24/7 customer support
Pros & Cons
Fees
Trading Assets
Pros
- Clean, easy-to-navigate website interface
- Allows individuals to buy crypto with anything from £10
- Up to 0% fees for high-volume traders
- Free deposits and withdrawals are available
- Robust security measures, including next-gen encryption
Cons
- Limited learning materials for beginners
- No phone support
Opening a Kraken account won’t cost you anything. The Kraken wallet is also free to acquire and use. That said, while trading with this review, you will be required to cover maker/trader fees starting from 0.00%/0.10%. But, to enjoy such low costs, you must have a high 30-day trading volume. Otherwise, if your 30-day trading volume is low, you may be subjected to higher maker/trader fees of up to 0.25%/0.40%.
With that in mind, many of the crypto assets supported by Kraken come with zero address setup and deposit fees. However, they have minimum deposit requirements. You should pay close attention to the latter since any deposits below the stipulated minimum are lost forever.
Also, note that Kraken allows users to trade with leverage. However, this optional and advanced feature can increase overall costs with additional rollover and margin opening fees. You will be exposed to higher charges if you purchase, sell, or convert your assets with the Instant Buy/Sell feature.
Finally, Kraken charges zero account maintenance, inactivity, and storage fees.
2. eToro – Best Crypto Broker for Beginners in the UK
Boasting over 30 million users, eToro is a popular broker in the UK. We highly recommend it because it’s a publicly traded company. That means it must adhere to rigorous standards where aspects like transparency and accountability are involved. Moreover, since it’s a publicly traded company and an infamous broker, eToro must do all it can to maintain credibility and a solid reputation.
That said, in our opinion, eToro is ideal for beginners for several reasons. First, the platform has a professionally-designed, easy-to-navigate interface. As a newbie, you can get used to eToro with minimal effort. Most importantly, this broker gives you unlimited access to eToro Academy, which has countless educational guides, courses, and tutorials. You can learn everything here, from how cryptocurrencies work to the best crypto investment strategies.
eToro also offers a vibrant community where novices can copy and learn from experienced investors. Moreover, investors can stake crypto on the platform and earn substantial rewards. The highest staking rewards (90%) go to eToro’s Diamond Club members. Not to forget, eToro users can diversify their investment portfolios with real stocks and ETFs.
eToro
✔5000+ financial instruments
✔Cost-free deposits
Pros & Cons
Fees
Trading Assets
Pros
- Simple, beginner-friendly user interface
- Top-class educational resources and materials
- Newbies can copy top investors
- Transparent platform fees
- High staking rewards for Diamond Client members
Cons
- Every fiat withdrawal request incurs a £5 fee
- Fewer crypto assets than its peers
If there’s anything that can eat away at your profit margins, it’s unnecessary costs. Thankfully, eToro fees UK are reasonable and pocket-friendly. We acquired a new account without paying a single cent, which was quite a relief. We also noticed that you can enjoy free deposits by using USD. That said, eToro supports many other currencies, including GBP, EUR, and RMB.
You will incur conversion fees if you use any currency other than USD. And if you use any currency that eToro doesn’t support, you must pay conversion fees to your payment provider. The exact conversion fees you may incur at any moment will depend on various factors, including your preferred currency and payment method.
Please note that eToro subjects each withdrawal request to a £5 fee. The platform uses this money to pay expenses arising from international money transfers. Most importantly, you can’t withdraw less than £30 from the eToro trading platform.
While depositing money into our account, we noticed that eToro has strict minimum deposit requirements. Britons using this platform have to deposit at least £100 the first time. Afterwards, you can fund your account with as little as £10, depending on your preferred payment method.
Commission-wise, eToro is very friendly to people who trade ETFs or invest in real stocks since the broker charges 0% for these assets. On the other hand, if you buy or sell crypto on this platform, expect to pay a 1% fee. CFD trading also attracts variable spreads depending on the involved instruments. For instance, the spreads for currencies and commodities start from 1 pip and 2 pips, respectively.
Not to forget, eToro charges a £10 monthly inactivity fee that kicks in after 12 months of dormancy.
3. FP Markets – Best Crypto Broker for CFD Traders in the UK
If you are a fan of digital assets and would like to speculate on the price movements of popular cryptos like Bitcoin, we recommend trading crypto CFDs with FP Markets. This broker is the best for trading CFDs on crypto because it supports many popular assets, from Bitcoin and Ethereum to Litecoin and Solana.
FP Markets is also a solid choice for crypto CFD traders since it offers users access to multiple powerful trading platforms, from cTrader and TradingView to MT4 and MT5. Furthermore, the broker allows new signees to increase their knowledge base with quality educational materials and resources.
We also hold FP Markets in high regard since this broker has tight average spreads, zero account inactivity fees, and free deposits and withdrawals. Not to forget, the trading platform has 10,000+ financial products that crypto CFD traders can diversify their portfolios with.
FP Markets
✔10,000+ tradeable financial instruments
✔Free deposits and withdrawals
Pros & Cons
Fees
Trading Assets
Pros
- Free deposits and withdrawals
- Over 10,000 tradable assets for portfolio diversification
- Low spreads on CFD crypto assets
- Quality customer support service
- Wide range of excellent trading platforms, including MT4 and MT5
Cons
- Focuses mainly on CFDs on crypto and other instruments
- Limited educational materials for crypto traders
Before going any further, note that the FP Markets minimum deposit is £100. You can’t fund your account with anything less than the mandated amount. Also, as a trader, expect to cover stipulated FP Markets fees and commissions. Let’s expound on that.
FP Markets has different trading and non-trading fees. However, the costs you will likely incur depend on where you are from. Take London as an example. If you’re from this city, you’ll incur a 0.10% commission per side while trading equity CFDs. You’ll also have to pay a £60 monthly fee if you use Iress Trader or ViewPoint.
But here’s the good news. You won’t incur additional costs while depositing or withdrawing money from your FP Markets trading account. Moreover, unlike many other brokers, this service provider doesn’t have inactivity fees for dormant accounts.
Please visit FP Market’s official site for a comprehensive overview of all fees and commissions.
4. Coinbase – Best Broker that Supports Crypto Purchases in the UK
Boasting over 100 million users, Coinbase is one of the most popular brokers in the UK and the world at large. Countless people love it for various reasons. For starters, it gives users uncapped access to over 200 crypto assets. Additionally, the trading platform allows users to top up their accounts cost-free via bank transfer.
But here’s the icing on the cake. This broker offers a Visa debit card called the Coinbase Card. It allows crypto enthusiasts to spend assets or cash wherever Visa debit cards are accepted. Today, Coinbase Card cardholders can make purchases from over 40 million merchants worldwide. The best part is spending crypto or cash with this debit card enables you to earn crypto rewards. What’s more, the Coinbase Card is secured by industry-leading features like card freezing, 2FA, and pin change.
Besides the Coinbase Card, this broker offers a secure self-custodial crypto wallet. It’s a terrific solution that gives you complete control over your private keys and crypto. With it, you store and manage all of your digital assets, from cryptos to NFTs, from a unified location.
Coinbase
✔Authorised and regulated by the FCA
✔No account inactivity fee
Pros & Cons
Fees
Trading Assets
Pros
- Coinbase is the largest public crypto company, so the broker’s credibility is unquestionable
- Offers a proprietary debit card that allows users to make purchases from millions of merchants
- Coinbase Card purchases attract juicy crypto rewards
- Investors can stake crypto and earn annual percentage yield (APY)
- Bank deposits and withdrawals don’t cost a dime
- Superb customer support service available 24/7
Cons
- Limited learning materials for novices
- Higher recover fees for assets worth £100+
Creating and maintaining a Coinbase account is free. We used that fact to our advantage by opening a new account and using it to test the Coinbase exchange. While exploring and evaluating this platform, we stumbled upon a few other noteworthy details.
For starters, Coinbase allows its users to store their FIAT and digital assets on the platform free of charge. Moreover, the company’s clients can transfer crypto to and from different primary balances at no cost.
That said, this company requires its users to pay a stipulated fee when transferring crypto from their Coinbase wallets to other digital wallets. The exact charges depend on factors like the prevailing network fees. Moreover, all Coinbase users must cover a 0.1% processing fee while using the Lightning Network to send Bitcoin from the exchange.
Coinbase also requires investors and traders to cover specific fees while buying, selling, or converting crypto on the exchange. Numerous factors, including your order size and preferred payment method, will determine the costs you’ll incur while partaking in such ventures. You should always use the preview screen to view the fees you are supposed to cover before placing an order.
Not to forget, this exchange includes a spread in every quoted price. Expect to cover this expense whenever you place simple buy/sell orders. If you want to avoid paying the spread, switch to Coinbase Advanced, where you can interact with the order book without an intermediary.
Finally, Coinbase charges maker fees starting from 0bps and taker fees starting from 5bps. And although some payment methods, like ACH, offer free deposits and withdrawals, most require Coinbase users to pay transaction fees. For instance, when withdrawing GBP with Swift, you must pay a £1 withdrawal fee.
5. Crypto.com – Most Comprehensive Crypto Broker in the UK
Crypto.com is a well-rounded crypto broker. It offers a robust trading platform that supports over 350 cryptocurrencies, from Bitcoin and Polkadot to Ethereum and Cardano. Users can spot trade over 300 popular pairs and enjoy up to 10x leverage on over 200 pairs through margin trading. Crypto.com has also provided bots that you can use to automate trading and maximise potential rewards.
Additionally, Crypto.com supports crypto staking and borrowing. Today, you can stake assets like Cronos, Polkadot, and Solana and earn token rewards. And if you have sufficient crypto assets, you can use them as collateral and take out a loan from Crypto.com.
We also recommend Crypto.com since the company has issued a proprietary Visa debit card. You can use this item to buy goods and services from millions of brick-and-mortar merchants and online retail shops.
Crypto.com
✔24/7 live support
✔User-friendly interface
Pros & Cons
Fees
Trading Assets
Pros
- Investors can deposit any GBP amount via FPS
- High fiat monthly withdrawal limits
- A proprietary card for making crypto purchases is available
- Competitive crypto trading fees
- Provides crypto-backed loans to investors
Cons
- Limited support channels
- High fees for low-volume crypto traders
Ungodly costs undermine your capital and returns. For that reason, we analysed Crypto.com fees UK. Luckily, this exchange has affordable charges and commissions. The first thing we noticed is that this service provider allows new users to register and set up their Crypto.com wallet for free.
Moreover, Crypto.com has zero limits and fees for depositing crypto to the exchange. To make things even better, this service provider supports free GBP deposits. However, you must use a supported payment method like Faster Payments Service (FPS) to enjoy the latter.
That aside, Crypto.com users must cover varying maker and taker fees determined by their 30-day trading volume. Anything less than £50,000 attracts a 0.15%/0.30% maker/taker fee. But the numbers drop to 0.00%/0.05% for trading volumes of up to or more than £10,000,000. The more you trade, the lesser your fees.
Crypto.com has a free proprietary visa card you can use to make crypto payments. However, we discovered several fees associated with this product. For starters, if you ever decide to close your card, you’ll have to pay a £50 fee before any remaining funds get returned to you. The card also comes with a monthly free ATM limit. If you exceed it, you’ll incur a 2% withdrawal fee. Furthermore, dormant Crypto.com cards incur a £5 monthly fee that kicks in after 12 months of inactivity.
What is a Crypto Broker?
Crypto brokers are firms that enable interested entities to trade, buy, and sell crypto assets. Cryptocurrency brokers are often categorised as centralised or decentralised. Centralised brokers provide secure storage for their customers’ cryptos and private keys. On the other hand, decentralised brokers give crypto traders and investors 100% control over their assets and private keys.
We can also categorise crypto brokers into full-service and discount service providers. Full-service brokers provide everything from trading to portfolio management and advisory services. On the other hand, discount brokers are committed to providing low-cost services to crypto traders and investors.
In the UK, crypto brokers are authorised and regulated by the FCA. You should prioritise trading and investing with FCA-regulated brokers since they are more likely to maintain market integrity and protect your data and funds from malicious actors.
Crypto Brokers vs Crypto Exchange
Many people use brokers and exchanges interchangeably, but these terms have slight differences. For starters, whereas crypto brokers act as intermediaries between crypto buyers and sellers, exchanges primarily focus on providing a platform where crypto enthusiasts can interact and buy or sell crypto from each other. That said, both crypto brokers and exchanges facilitate the buying and selling of crypto digital currencies.
How to Choose a Cryptocurrency Broker in the UK
Innumerable cryptocurrency brokers accept Brits. However, not all service providers in this region are good for you. Many expose you to issues like limited assets, constant transaction delays, and poor security. For that reason, we encourage you to vet the brokers in the UK and choose the best based on these factors:
Licensing and Regulation
Available Assets
Fees and Costs
Customer Support
Online Ratings and Reviews
You should always trade and invest with FCA-regulated brokers. These entities have undergone rigorous checks and adhere to stringent industry standards. Interacting with an unregulated service provider is incredibly risky and can subject you to enormous financial losses.
Ensure a broker offers your favourite digital currencies before signing. That should be a priority, especially if you’re interested in newer coins and tokens. Remember, although over 13,000 cryptos exist today, brokers don’t support all of them. In fact, many give their users access to less than 500 digital assets.
You should compare different service providers’ fee structures before choosing the best crypto broker UK. Excess charges will negatively impact your profit margins, so avoiding brokers with high fees is advisable. While vetting every company’s charges, pay special attention to trading, withdrawal, and deposit fees.
We highly encourage you to test the availability and responsiveness of every broker’s customer support team before signing up. To ensure you get prompt assistance and guidance whenever necessary, go with companies that guarantee quick responses from seasoned support representatives.
Past ser reviews, ratings, and testimonials can help you determine if a broker is reputable and trustworthy. Therefore, before committing, you should always read every service provider’s reviews and testimonials. It’s easy; you just need to visit the App Store, Google Play, and Trustpilot to find the right information.
How to Sign up for an Account with Crypto Broker UK
Brokers have unique registration processes. But eventually, everything boils down to this: you have to share valid personal information and documentation. If you don’t, your account will not be approved, and your access to crucial services will be restricted.
With that in mind, here’s a generalised step-by-step guide to opening up an account with a crypto broker in the UK:
Step 1: Visit the broker’s official site
Step 2: Register with personal info
Step 3: Complete KYC verification
Step 4: Fund your account
Step 5: Start trading and investing
First, visit your chosen crypto broker’s official site. That is where your journey should begin. Once you get there, look around and assess all crucial details, from the supported crypto assets to fees and charges. Before proceeding, you should also read and ensure you agree with mandated terms and policies.
Look for the sign-up button and click it. Choose if you want to register using your email or phone number. Then, submit the required personal information while keeping in mind that the broker will use your documents to check if everything you’ve provided is factual and accurate. Also, use a strong password to secure your account, funds, and assets.
KYC verification requires you to upload the proper identification documents, like a photo of your national ID card or driver’s license. Additionally, you must verify your location and address with a recent utility bill or any other supported POA documents. The documents you share must bear your name and other crucial details.
Wait for your account to be verified, then log in and check supported funding options. Pick the best method based on factors like accessibility, charges, and processing time. Finally, fund your account as per your budget limitations and your chosen broker’s minimum deposit requirements.
Use the money in your account to buy assets. You can also link a card or other supported solutions for instant crypto purchases. Check your broker’s stipulations for more information. Remember that cryptos expose you to financial losses. Before risking your money, budget wisely and never risk more than your current financial situation allows you to lose.
Conclusion
In an era where countless scammers and fraudsters are constantly on the prowl, finding the most reliable and trustworthy crypto broker is paramount. That said, trading and investing with the best service provider won’t guarantee consistent returns or protect you from financial losses. You must learn the essentials of crypto trading and investing, familiarise yourself with associated risks, and research the best ways to mitigate risk exposure.
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