Best Bitcoin Trading Platform UK – Cheapest Platform Revealed

Bitcoin trading platforms are a way to buy and sell Bitcoin. These trading platforms are usually an online marketplace where you can buy and sell Bitcoins using different currencies and they charge transaction fees for each completed trade and offer advanced tools such as price charts, volume graphs, order history etc – so you can get the best price possible when you trade Bitcoins. So If you want to invest in Bitcoin, you will need a trading platform that is safe and reliable. You also need to make sure that it offers the features you want, such as low fees or fast transfers.

If you’re based in the UK and looking for the best Bitcoin trading platform in UK – you have heaps of providers to choose from. While some focus on extremely low feeds and commissions, others are known for offering hundreds of Bitcoin-denominated pairs. To help clear the mist, this guide will review the best Bitcoin trading platforms.

We also explain what metrics you need to look out for when choosing a provider yourself and outline the steps required to join a UK Bitcoin trading platforms today.

Best Bitcoin Trading Platforms UK with the Best Rates

Before we review the best bitcoin trading platforms in more detail here’s a quick look at the top trading platforms in the UK right now. You can compare the features and fees of the UK’s best bitcoin trading platforms, and you can even change the investment amount and cryptocurrency you’re investing in to see how much each platform charges. Did you know that you can buy Bitcoin, Ethereum, and XRP with the click of a button using a crypto app?

Best Bitcoin Trading Platforms UK Reviewed

By performing a quick Google search of ‘Best Bitcoin Trading Platform UK’ – you are going to be inundated with hundreds of potential results. This is because interest in the online cryptocurrency trading scene has sky-rocketed in recent years. As such, knowing which Bitcoin trading platform to join can be a daunting task.

To help you along the way, we have reviewed the best Bitcoin trading platforms in the UK market right now.

• Coinbase
• Crypto.com
• Huobi
• CoinCorner
• Binance
• Coinjar
• Luno

1. Coinbase – User-Friendly Bitcoin Trading Platform UK

Coinbase is the largest cryptocurrency trading platform globally. Based in the US, the broker is home to over 35 million users across more than 100 nations. In the UK, this Bitcoin trading platform is licensed by the FCA.

As such, your money is safe when you trading cryptocurrencies at Coinbase. Now, Coinbase does come with both its pros and cons – like most platforms. Regarding the good points, Coinbase is a superuser-friendly way to trade Bitcoin. This is evident from the moment you visit its website – as everything is laid out so clearly and free from jargon.

Additionally, Coinbase is strong when it comes to security. It keeps 98% of client funds in cold storage – which makes it virtually immune to external hacks. It also offers security controls like two-factor authentication and the ability to lock your Bitcoin away for 48 hours after a withdrawal request is made.

In terms of tradable markets, Coinbase offers a good selection of cryptocurrencies that you can buy – including Bitcoin. It also offers a sister-platform that is dedicated to short-term trading. Coinbase Pro, as it is now branded, offers heaps of crypto pairs – many of which contain Bitcoin. Did you know you can invest in Polkadot on Coinbase easily with a couple of clicks?

Now for the negatives. The main drawback with Coinbase is that it charges huge fees. For example, you will need to pay 3.99% to deposit funds with your UK debit card. Bitcoin trading fees amount to 1.49% – which again, is expensive. You will pay even more if you trade with a small amount of money, as the variable fee turns into a flat rate. Ultimately, while Coinbase is great for newbies and top-notch security, this does come at a cost.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

2. Crypto.com – Popular Bitcoin Trading Platform 

Crypto.com is a renowned cryptocurrency exchange that provides a variety of services ranging from traditional trading and investing to crypto staking, NFTs, wallets, and much more. This mainstream cryptocurrency exchange offers access to over 250 cryptocurrencies, has low fees, and rewards crypto traders who hold Crypto.com coins (CRO).

Crypto.com uses a range of security protocols to protect account security, such as multi-factor authentication (MFA) and whitelisting. This popular crypto exchange also offers one of the best crypto savings accounts in 2022.

Crypto.com offers users up to 14.5 percent p.a. for stablecoins and 8.5 percent for BTC and ETH when it comes to crypto staking prizes. Furthermore, this prominent crypto staking exchange supports a large number of tokens and coins; 40+ to be exact. You may also download a crypto staking app to your mobile device to make your crypto work for you whenever and wherever you choose.

Crypto.com is more akin to a crypto bank than just a bitcoin exchange or broker. Indeed, the platform allows customers to buy cryptocurrency as well as sell it via P2P. You can also exchange them with other crypto enthusiasts via DeFi wallet-to-wallet payments. Moreover, you can use a prepaid Visa card to spend your cryptocurrency, making it an excellent alternative for crypto payments. You can be paid in crypto, put your money in an interest-earning account, and even acquire a crypto loan in certain nations.

For a complete breakdown of all the key features that this crypto exchange has to offer, read our exhaustive Crypto.com review now.

Crypto assets are highly volatile unregulated investment products. No UK or EU investor protection.

3. Huobi – Trusted Crypto Exchange with Wide Range of Supported Crypto Assets

Huobi Global provides an all-encompassing environment for cryptocurrency investors, allowing them to purchase, sell, stake, and borrow a wide range of cryptos. However, the exchange has yet to achieve regulatory compliance in large areas, and newcomers may find it hard to use the platform’s array of features.

Huobi is a popular cryptocurrency exchange that has established prominence in the Asian markets as offering some of the best Bitcoin alternatives. Launched in 2013, Huobi offers a wide range of crypto services from staking and loans to spot trading and more.

With a Huobi account you can access over 400 digital currencies with new cryptos being added all the time. As well as the web-based trading platform, you can download the Huobi mobile crypto app that’s compatible with Android and iOS mobile devices.

When it comes to fees, Huobi charges a fixed base fee of 0.2%. If you hold HT tokens (Huobi Tokens) you can also receive further discounts and rewards on trading fees.

In terms of account safety, Huobi keeps customer funds in multi-signature cold storage. Additionally, it has a 20,000 Bitcoin SRF (Security Reserve Fund) that was created to offer greater insurance for its clients.

Cryptoassets are highly volatile unregulated investment products. No UK or EU investor protection.

4. CoinCorner – Best Bitcoin Trading Platform UK for Fast Account Set-Up

CoinCorner is more of a Bitcoin broker than a conventional trading platform. That is to say, you will be using the website to purchase Bitcoin and employ a long-term ‘buy and hold’ strategy.

This means that you will be investing in the future value of Bitcoin, as opposed to trading it for short-term gains. This particular approach to Bitcoin trading is suitable for newbies – as you don’t need to have an understanding of technical or fundamental analysis.

On the contrary, you simply need to believe that Bitcoin will continue to grow in value over the course of time. So, CoinCorner makes the process easy by offering a fast sign up process that is accompanied by a range of instant payment methods.

This includes UK debit cards, credit cards, or popular e-wallet Neteller. Unfortunately, you can’t buy Bitcoin with Paypal or Skrill. Nevertheless, the fee structure at CoinCorner varies depending on the payment option. For example, a UK bank transfer costs £1, and the minimum funding amount is just £5. Debit/credit cards and Neteller, however, are expensive. This costs 2.5% and 3.2%, respectively.

Withdrawals are competitive though, with debit/credit cards costing just £0.80. In terms of Bitcoin trading fees, this depends on the amount you buy. This starts at £1 from purchases of £10 or less. Anything above £300 will cost you 1%.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

5. Binance – Bitcoin Trading Platform With Hundreds of Crypto Pairs

In terms of trading volume, Binance is by far the largest Bitcoin exchange platform. Although the provider was launched as recently as late 2017, it’s often facilitated over $2 billion worth of daily trading activity.

Binance is popular with Bitcoin traders in the UK for several reasons. First and foremost, you will pay a very small trading commission of just 0.1% on buy and sell orders. This means that a £1,000 trade would cost you just £1.

Even lower fees are on offer if you add some Binance Coins to your wallet. This is the native cryptocurrency backed by Binance, and it allows you to reduce your trading fees by a further 25%. Binance is also popular with UK traders because of the size of the trading platform.

In fact, you will have access to hundreds of cryptocurrency pairs – most of which contain Bitcoin. Not only does this include major digital assets like Ethereum, LTC, EOS, and Bitcoin Cash – but heaps of ERC-20 tokens. These are small cryptocurrency projects that are a lot more volatile – which does appeal to some traders.

In terms of deposits, you have a couple of options. This top crypto exchange allows you to transfer your cryptocurrency from an external wallet and straight into your trading account. Or, if you don’t currently own any cryptocurrency, you can buy Bitcoin with a debit/credit card. This does, however, come with a 2% transaction fee.

When it comes to security, Binance is home to institutional-grade safeguards. This includes its SAFU offering, which is a reserve pot put in place to reimburse users in the event of an external hack. Finally, we should note that Binance is best suited for experienced traders – as you will have access to heaps of advanced analysis tools.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

6. Coinjar – Best Bitcoin Trading Platform UK for Long-Term Investing

Coinjar is the largest Bitcoin trading platform in Australia. Its popularity Down Under has since seen the provider enter the UK market. As such, you can easily open an account in minutes and deposit funds with a UK bank account.

If opting for a Faster Payments bank transfer, there are no fees to deposit or withdraw funds. When it comes to transaction fees, buying and selling digital currencies at Coinjar will cost you 1%.

However, once you have obtained Bitcoin at the platform and you head over to the trading exchange, the fees are a lot more competitive. This starts at just 0.20% and goes down to 0.15% when you trade more than £6,000 in a 30-day period. The lowest fee possible is just 0.08%, albeit, you’ll need to trade over £6 million!

In terms of tradable markets, Coinjar offers over 49 digital currency pairs. On top of crypto-cross pairs, you can also trade Bitcoin against the British pound and Australian dollar. This is useful, as most Bitcoin trading platforms only offer a market against the US dollar.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

7. Luno – Best Bitcoin Trading App

Luno is an FCA-regulated cryptocurrency broker. The provider also offers trading services, with the platform coming jam-packed with technical indicators and other advanced tools. On the one hand, we really like the 0.1% commission fee charged by Luno.

This makes the platform one of the cheapest in the cryptocurrency trading scene. However, if you are planning to deposit funds with a UK debit card, you will need to pay a whopping 3.5%. When it comes to tradable cryptocurrencies, Luno only supports Bitcoin, Litecoin, Ethereum, and Ripple.

As such, this is somewh