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Best Cryptocurrencies UK – Top 10 Crypto Coins to Buy

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Cryptocurrencies have seen remarkable adoption in the past year. The total recorded value in the crypto industry stands above $2.2 trillion as investors flood into the crypto space to buy the best cryptocurrencies UK.

This guide discusses the best cryptocurrencies to buy and the top platforms where you can buy the best crypto coins.

Key Points on the Best Cryptocurrencies UK

  • Cryptocurrencies have broken into mainstream adoption following a global health crisis that has impacted financial markets
  • The nascent industry has swelled to over $2 trillion in recorded value, with benchmark crypto Bitcoin leading the ranks
  • Burgeoning sub-sectors like DeFi, NFTs, Metaverse, and Play2Earn are seeing growing interests as more legacy-based institutions flood into the crypto space
  • Bitcoin and Ethereum are the best performing cryptocurrencies, and you can buy both on the social trading platform eToro with low fees

Best Cryptocurrencies UK 2022 List

Cryptocurrency continues to gain popularity in the UK as a good investment means. Over the last year, more mainstream investors are rapidly expanding their portfolio to accommodate virtual assets like Bitcoin, Ethereum, and Dogecoin. Other best performing cryptocurrencies have also seen a remarkable inflow of investments, and the nascent industry has largely continued to post handsome returns for investors despite volatility.

Listed below is a list of the 10 best cryptocurrencies UK for the year 2022.

  1. Bitcoin (BTC) – Best Performing Crypto With Deflationary Tendencies – Buy Now
  2. Ethereum (ETH) – Foremost Smart Contract Platform – Buy Now
  3. Dogecoin (DOGE) – Leading Parody Coin With Strong Online Community – Buy Now
  4. Litecoin (LTC) – Lite Version of the Bitcoin Network
  5. Bitcoin Cash (BCH) – Protocol Focused On Scalability
  6. Stellar Lumens (XLM) – Top Platform For Low Cost Cross-Border Transactions
  7. Cardano (ADA) – Peer-Reviewed Protocol For Blockchain Scalability
  8. Ripple (XRP) – Best Platform for Cross-Border Value Transfer
  9. Basic Attention Token (BAT) – Top Platform for Crypto Privacy
  10. Tether (USDT) – Most Popular Stablecoin In Crypto Space

You can buy all these top cryptocurrencies on eToro, our recommended UK crypto broker. But it’s not just limited to these top-rated cryptos. eToro offers over 45+ cryptocurrencies so you can invest in Chainlink, Shiba Inu, and buy Loopring and Celo with the click of a button.

If you’re interested in new meme coins with strong potential, you might want to consider buying Baby Doge Coin (BabyDoge). According to CoinMarketCap.com it has a 24-hour trading volume of $10,912,819.

1. Bitcoin (BTC) – Best Performing Crypto With Deflationary Tendencies

Best Cryptocurrencies UK

Satoshi Nakamoto invented the premier cryptocurrency in 2008. It has remained scam-free due to its faultless blockchain technology. Bitcoin’s value has risen in the previous five years, and it is now the most valuable cryptocurrency, with a market valuation of £687.915 billion.

Bitcoin’s major appeal lies in its deflationary tendencies. At inception, anonymous developer Nakamoto fixed a hard cap limit of only 21 million Bitcoins that will ever be mined. This makes the digital currency inherently scarce, and institutional investors have since termed BTC ‘digital gold.’

Following this, the digital asset hit a record high of £47,240.05 on April 14 this year. However, following the May cryptocurrency meltdown, the value plummeted.

However, Bitcoin has not remained down as the digital asset surged to an all-time high (ATH) of $69,044.77 (about £52, 266) in mid-November. Following severe market correction, Bitcoin is presently trading at £36,983.60.

Bitcoin is set to continue dominating the cryptocurrency market in 2022, given the growing investment inflow into the crypto space. The premier digital asset is projected to retain the top spot on the global crypto charts because BTC is the most recognised crypto brand.

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2. Ethereum (ETH) – Foremost Smart Contract Platform

Best Cryptocurrencies UK

Ethereum is currently the second-largest cryptocurrency with a market cap value of over £344.117 billion.
Ethereum is the foremost smart contract, and its viability largely lies in the robust architectural framework of the protocol.

Given the use of smart contract technology, the Ethereum blockchain is home to the most diverse sub-sectors in the crypto space, including decentralised finance (DeFi) spurred by the development of decentralised applications (dApps) on the Ethereum protocol.

Others include non-fungible tokens (NFTs), metaverse, and Play2Earn The Ethereum protocol, founded in 2015 by a slew of 8 developers, is home to about 97% of the DeFi sub-sector, making it the official home of the new face of global finance.

The protocol has also seen remarkable growth this year as ETH topped a record high of £3,063.63. Year-to-date (YTD) increase stands at 451.28%, with a 12-month trailing increase of 537.14%, showing how far the foremost altcoin has grown in the past year.

Ethereum is expected to see new record highs when the transition to a proof-of-stake (PoS) consensus algorithm is complete. This will make Ethereum more scalable, cleaner, and more cost-efficient than the proof-of-work (PoW) consensus mechanism.

Built on the Ethereum blockchain, ApeCoin is a popular new cryptocurrency that already has a market cap of $3.45B. You can buy ApeCoin with low fees at eToro.

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3. Dogecoin (DOGE) – Leading Parody Coin With Strong Online Community

Dogecoin is currently one of the most popular cryptocurrencies. The meme coin originally started as a comic take on the sudden boom of crypto assets following the growing relevance of the Bitcoin network.

The parody coin founded in 2013 by two developers has since garnered massive online support, with Tesla and SpaceX boss Elon Musk publicly supporting the meme coin.

DOGE surged to an ATH of $0.74 (about £0.55) in early May in a remarkable run of form. However, since its high price peg, the meme coin has since faltered and has not touched the $1 peg since launching.

The coin has recorded a 5279.87 % price in the last 12 months and is currently trading at £0.14.
There is no limit on the number of Dogecoins that may be created, unlike Bitcoin. This raises concerns about possible depreciation, yet Dogecoin has remained one of the best cryptos.

4. Litecoin (LTC) – Lite Version of the Bitcoin Network

Best Cryptocurrencies UK

Litecoin was created as a fork of the Bitcoin network. The digital asset has a market cap of £8.105 billion. On December 19, 2017, Litecoin achieved an ATH of £308.

This record value indicated a 500% gain in two months at the time. Litecoin has since dipped with the broader crypto market, and the digital asset’s price has quadrupled in the last year. The silver to Bitcoin’s gold now trades at £116.47.

5. Bitcoin Cash (BCH) – Protocol Focused On Scalability

Bitcoin Cash was created in 2017 and is another spin-off of the Bitcoin blockchain. The digital asset aims to create a more scalable decentralised value transfer network by increasing the transaction block size. Bitcoin Cash advocates have continued to assert that the scalability issues plaguing the oldest blockchain largely lies in its block size.

Despite not being a household name like its older cousin, Bitcoin Cash still has an impressive stake in the crypto market with a 24-hour trading volume of £1.4 billion and a market capitalisation value of £6.248 billion.
The Bitcoin protégé is currently one of the best crypto coins to invest in. The digital asset currently trades at £336.76 and is predicted to double in price by next year.

6. Stellar Lumens (XLM) – Top Platform For Low Cost Cross-Border Transactions

The Stellar blockchain facilitates seamless and cheap cross-border payments for individuals and financial institutions. Jed McCaleb founded the protocol in 2014.

Like several new generation protocols, the Stellar blockchain has bottled down on making transaction costs as low as possible, with each value transfer costing only 0.00001 XLM in fees.

Despite never touching the £1 price peg, the Stellar blockchain has been one of the top stars in the crypto space this year and has a sizable market cap of £4.7 billion. The value of the cryptocurrency has doubled in the last year and is trading at a price point of £0.20.

7. Cardano (ADA) – Peer-Reviewed Protocol For Blockchain Scalability

Cardano is one of the best cryptocurrencies to invest in. Despite being late to the crypto market, Cardano has quickly gained popularity because of its network’s low energy usage.

Currently under development, the PoS protocol is renowned for its peer-reviewed approach to solving the blockchain trilemma. Principal developer Charles Hoskinson has insisted that the Cardano network aims to be a high-performance blockchain and a solution for the vast majority of the unbanked in the world.

Cardano has been gradually fledgling out its plans and has made strategic partnerships throughout much of the year. The network is currently working on upgrades and is expected to host flourishing ecosystems like DeFi, NFTs, metaverse, and other blockchain-based games.

The popular Ethereum rival has a market valuation of £33.414 billion and a trading volume of £1.2 billion. The digital asset’s current price is £0.99, a rise of more than 685% over the previous year.

8. Ripple (XRP) – Best Platform for Cross-Border Value Transfer

Best Cryptocurrencies UK

XRP was founded in 2012 by Ripple, a blockchain payment processing company. XRP is used on the company’s network to process payments of different currencies and facilitate transactions among financial institutions.

To solve the bottlenecks surrounding the cross-border transfer of value between banks, the Ripple blockchain enables the seamless transfer of currencies across borders through its RippleNet Ledger protocol.

The digital asset relies on a Federated Consensus Algorithm (FCA), which is much more energy and cost-effective as transactions on the Ripple blockchain cost only 0.0001 XRP.

At press time, the digital token’s current value is £0.62. XRP has a market cap value of £33.1B. Due to its increase in value of over 300% over the year, it has been placed on the list of best crypto coins to buy in 2022.

9. Basic Attention Token (BAT) – Top Platform for Crypto Privacy

Best Cryptocurrencies UK

BAT is a brand-new cryptocurrency on the Ethereum network. The digital asset ensures privacy in online formats and is a brainchild of the privacy-centric web platform Brave Browser. Integrated into the digital advertising protocol, BAT is accepted as a payment method for utilising the protocol.

The site has 30 million members, and 10 million of them are active on a daily basis. These variables have all played a role in BAT’s remarkable surge in value. At the time of writing, it is worth £0.78. BAT has a £1.185 billion market cap and a £215 million 24-hour trading volume.

10. Tether (USDT) – Most Popular Stablecoin In Crypto Space

Tether is a stablecoin, which means the digital asset is more stable than other cryptocurrencies. Tether is backed by US dollars and maintains a constant value of one USD. The stable coin is a great option for investors who wish to stay away from the crypto market’s volatility.

Tether’s USDT is the most popular stablecoin and allows the conversion of fiat currencies to digital cash. This way, investors can now trade and invest in all areas of the crypto ecosystem. Tether currently has a market cap of £57.53 billion and occupies the fourth spot on the global crypto ranking.

Best Cryptocurrencies for Staking

Staking is a method of verifying transactions in a blockchain, and it allows users to earn rewards for their holdings.

Staking cryptocurrency is the practice of locking your crypto assets in a blockchain network to sustain and validate transactions.

It’s compatible with cryptocurrencies that process payments using the proof-of-stake (PoS) system. This is a more energy-efficient option than the proof-of-work (PoW) consensus algorithm.

Staking is a fantastic method to earn passive income with your cryptocurrency because certain cryptocurrencies pay out large interest rates for staking. However, you need to understand how crypto staking works before you get started.

Participants first pledge their coins to the cryptocurrency protocol. The protocol selects validators randomly to confirm transaction blocks.

New cryptocurrency coins are produced and paid as staking rewards to the block’s validator every time a block is added to the network. The payouts are almost always the same coin that investors stake.

Now that you know what staking is and how it is done. Below is a list of five coins investors can stake for great returns.

1. Solana (SOL)

Solana is currently the best cryptocurrencies for staking per data from PoS-focused staking website, Staking Rewards. The blazingly fast blockchain so far has $70.5 billion in staked value which has seen a 7.89% increase in the past 24 hours. In terms of staking rewards, Solana currently averages 6.11% and has 77.1% of the overall circulating SOL staked.

2. Ethereum (ETH)

Ethereum remains the number one option for many investors looking to stake their cryptocurrency. The Bitcoin rival can be staked across diverse platforms such as eToro.The Yearly returns stand at 6.25% on the social trading platform. You can also convert other crypto assets to ETH before staking them.

3. Cardano (ADA)

Cardano is another top cryptocurrency that investors stake on. Previously, the popular Ethereum killer was the most staked but the Cardano network has since lost its position to the Solana blockchain largely due to the fact that the PoS protocol is still under development.

Cardano occupies the third spot on the global staking charts and has $30.8 billion in staked value. Staking rewards stand at 5.62% annually.

4. Avalanche (AVAX)

Following closely is another Ethereum rival, Avalanche blockchain. The Avalanche protocol is known for its highly scalable network and the platform has been a revelation in the past year. Avalanche is the fourth most staked PoS protocol and currently has a high staking reward of 9.34% annually. So far, over $24 billion in value has been staked in the protocol.

5. Binance Coin (BNB)

BNB is the cryptocurrency issued by the Binance exchange. The asset is one of the best staking coins. The cryptocurrency presents an average yearly return of 19.46%. Binance Coin has shot up the crypto ranks given the innovative use of the discount token. As the Binance exchange grows, BNB is also expected to boom in value.

How We Chose The Best Cryptocurrencies UK

We utilised specific metrics to verify that the crypto assets we ranked as the best cryptocurrencies in the UK were worth your time. These parameters include:

The Cryptocurrency’s Revenue

The income model or economic effect of bitcoin was the first item we examined; after all, a cryptocurrency is a kind of money. Its goal is to either fix a problem or produce revenue for its ecosystem. Miners, node operators, partners, and even the companies developing on the platform are all part of this ecosystem.

The Coin’s History

The next concern revolves upon the cryptocurrency’s history. First, we examine if project milestones have previously been met on time. Many well-known cryptos, including Ether (ETH), do well on this metric.

Second, we examine the cryptocurrency’s history and liquidity. A cryptocurrency’s active users and trade volume should ideally be increasing rapidly. The blockchain asset must also have sufficient liquidity, be available in several trade pairings, and be listed on multiple trustworthy exchanges.

Social Engagement

Last but not least, the cryptocurrency community’s social participation. All successful cryptos have a sizable, active, involved, and enthusiastic community with a healthy dose of zealots. Do you require proof? Take a look at Bitcoin and Dogecoin, for example. When researching its social status, check out a crypto’s presence and interaction on Discord, Facebook, Instagram, LinkedIn, Reddit, Telegram, Twitter, and YouTube.

Where to Invest in The Best Cryptocurrencies

Making a choice on where to invest in the best cryptocurrencies UK can be a chore for many. However, we have got you covered and show you the best platform to buy best crypto coins UK while enjoying low fees.

eToro – Overall Best Platform to Buy Best Cryptocurrencies UK

eToroeToro, the UK’s top crypto broker, is a popular choice for many and this is for a number of reasons. The social trading platform is user-friendly making it easy for just about anyone to create an account and start investing in digital currencies within the space of 10 minutes.

The graphics-intensive nature of the user interface is also minimalistic while ensuring that the most important functions of the platform are easily accessible.

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In terms of fees, eToro offers some of the lowest in the industry and users get to deposit without paying any fees no matter the payment solution they choose. With eToro you’ll also have access to the best new cryptocurrencies that could explode in 2022. For example, you could buy Chiliz right now with a tight spread of just 3.9%.

Also, there is a variable spread of 0.75% to 5% depending on the digital asset that is traded. Everyday payment solutions are also easily available and eToro enables deposits through bank wire transfers, credit/debit cards, PayPal, Skrill, Neteller, and several other options.

eToro is also heavily regulated and has operational licenses from the UK’s Financial Conduct Authority (FCA) as well as the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and the Financial Industry Authority (FINRA).

eToro comes with a CopyTrader functionality which enables new or inexperienced traders to mirror the successful trades of their more advanced counterparts. This way, early investors can minimise risks while netting profits when the trade scales through.

Pros

  • Heavily regulated
  • CopyTrade functionality optimises potential profits
  • User-friendly
  • Straightforward fee structure with no hidden fees.
  • Multiple payment methods

Cons

  • Withdrawal fee up to $5 (about £3.7)

68% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy the Best Cryptocurrencies on Etoro – Tutorial

If you are keen on investing in the best cryptocurrencies UK on social trading platform eToro then this section will show you how to get started.

Step 1. Create an Account on eToro

Best Cryptocurrencies UK

The first step will be to register for a free account on eToro. To do this, click on ‘Join Now’ on the official eToro homepage and fill in your:

  • Full name
  • Email address
  • Username
  • Mobile number
  • Choose a password

You can skip this step and signup with your Google and Facebook account.

Step 2. Upload ID

Best Cryptocurrencies UK

eToro is a regulated crypto broker which means you will need to complete the compulsory KYC process to unlock full functionality for your account. To do this, submit a snapshot of your driver’s license or a government-issued ID card. You will also need to provide a copy of your recent utility bill or a financial bank statement. These documents should be uploaded on eToro for verification.

Step 3. Deposit

Best Cryptocurrencies UK

Next step will be to make a deposit and this is easy to do. Once you login, click on the action tab and tap the ‘Deposit Funds’ button to open up the relevant page.

Select a preferred payment method from a bank wire transfer or credit/debit card or any of the supported e-wallet solutions. Deposit the minimum value of $50 (about £37) to proceed to the next stage.

Step 4. Buy Crypto

Now that you have funded your trading account, you can proceed to invest in the cryptocurrency you want to. The easiest way to do this is to type in the ticker symbol of the asset you want to trade into the search bar.

For instance, type ‘BTC’ into the search bar and click on the ‘Trade’ button to open up the order page. While there, input how much Bitcoin you want to buy and click on ‘Open Trade’ to conclude the transaction.

eToro – Top Broker to Buy The Best Cryptocurrencies UK

As cryptocurrencies become more widely accepted as a medium of exchange, a shift to crypto-centric finance is also necessary. Rising mainstream demand for cryptocurrencies, as well as untapped potential in emerging markets, are expected to create an attractive market for Investors.

Many of these investors are looking for the best cryptocurrency to invest in. These digital assets are thought to be an excellent method to safeguard your savings against inflation.

eToro is a one-stop-shop for crypto investors. Regardless of their skill level or portfolio size, the crypto broker gives everything investors, and traders need to get started in the crypto market. It’s easy to understand why, since its inception in 2007, its services have attracted over 23 million users thanks to inexpensive transaction costs and copied trading features.

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Frequently Asked Questions on Best The Cryptocurrencies To Invest In

What Are the Best Cryptocurrencies to Buy UK?

Which Cryptocurrencies Have the Most Potential?

What Cryptocurrencies Are Best for Staking?

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Jimmy Aki author check sign Pro Investor

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.

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