How to Buy Bitcoin in United Kingdom



Best places to buy bitcoin
If you are looking to buy bitcoin then check out the prices at these exchanges which all accept customers from United Kingdom. Prices can vary quite significantly between exchanges and are constantly changing so the below is just a guide from the last few minutes. For more information on these exchanges and other exchanges for buying bitcoin or other cryptocurrencies in United Kingdom then please scroll down to the Exchanges Info Section which highlights the differences between them.
Buying bitcoin in United Kingdom
In the UK, there seems to be a unified attitude towards crypto regulation. Since the UK is no longer part of the EU, the UK now has more leeway to create its crypto-regulation framework. Currently, different government authorities influence use of cryptocurrency to some degree, but the Financial Conduct Authority (FCA) is the main regulatory body, regulating the prudential requirements, conduct of firms and anti-money laundering control. While there is a rising number of investigations conducted by the FCA, there seem to be no serious enforcement action taken deriving from crypto. However, this might change, considering the UK's 2021 ban on selling crypto-derivatives to retail consumers. Nevertheless, the UK banking sphere is quickly expanding. In January 2020, the first Authorized Payment Institution license was issued by the FCA to a crypto firm. Basically, the firm now provides payments services (online payment processing or money transfer) across the European Economic Area.
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from United Kingdom. While they broadly offer the same services and you can buy bitcoin at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Binance
Binance is one of the largest crypto exchanges with low fees, 100s of coins, and high trading leverage. It is one of the easiest & cheapest exchanges for crypto trading.
Hundreds of coins and pairs
Very low fees
High liquidity
Trade without verification
No US residents






Kraken
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
It can be used to trade against fiat options
Robust security measures
Free SEPA deposits in Europe
Not a very beginner-friendly interface.
No card deposit options






Bybit
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
Advanced and secure technology
Anonymous accounts
Attractive trading bonuses
Very low fees
Limited asset coverage
No option instruments






eToro
An Israeli fintech startup well known as a social trading broker, eToro has now over 10 million users worldwide. If you want to trade CFDs of most popular stocks, gold, shares or commodities as well as some crypto eToro is an interesting choice.
Fully regulated financial institution
Free stock and ETF trading
Ability to follow expert traders
Fees (spreads) are high
Only USD as base currency






Bitpanda
Based in Vienna, Austria Bitpanda specializes in buying & selling Bitcoins within the Eurozone. Bitpanda is suitable for both novice & pro traders with high-end security features and servers.
Beginner-friendly with a wide variety of payment options
It supports fiat to crypto and cash purchase
30+ digital assets including gold and silver.
Supports IBAN to convert euros into digital currency.
Fees are not stated clearly rather it is included in price.
Not available worldwide.






Coinfloor
The UK based cryptocurrency exchange started in 2012 when it was the first peer-to-peer marketplace for Bitcoin. Coinfloor focuses on savers wishing to buy crypto on a regular basis with its Autbuy product
Simple user interface with mobile trading app
Autobuy feature for regular crypto saving
Supports GBP/BTC pairs
Limited range of coins
No e-wallet feature
No live chat support
Bitfinex
Operating since 2012, Bitfinex has a huge range of coins and trading pairs, a good user interface and low trading fees.
Very low trading fees
Large range of coins and trading pairs
High liquidity
Slow account verification
Two major hacks






Changelly
Changelly allows you to trade cryptocurrency without registration or verifying the identity through KYC. Being a non-custodial exchange, Changelly doesn’t require you to keep any deposits. The platform also works as a fiat-to-crypto gateway.
Non-custodial exchange
Great way to switch altcoins
Doesn’t require extensive KYC
2FA security and high exchange limit
A high transaction fee of 0.5%
Unclear owners
Sometimes their service is quite slow






Poloniex
Poloniex is a centralized cryptocurrency exchange that started its journey back in January 2014. The platform offers margin trading, spot trading and margin lending
No verification required
Low fees
Margin trading and lending options
Not regulated
No Fiat deposits
No US users






OKEx
OKEx is the second-largest cryptocurrency exchange in the world by volume. It posts over $2 billion in trades daily and has over 400 trading pairs.
Good range of coins
DEX trading
No hacking history
Not available in US
KYC required






Kucoin
Founded in 2017, KuCoin has already managed to establish itself as “The People’s Exchange.” With 200+ cryptocurrencies and more than 400 markets, it has become one of the hubs for cryptocurrency trading.
Vast selection of altcoins
Ability to stake & earn crypto yields
Robust security features
No forced KYC checks
No fiat currency deposits
Trading volume is low
Coinmama
Coinmama was formed in Slovakia in 2013. As a user, you are not allowed to exchange cryptocurrencies with other users on this platform. Instead, you will be trading cryptocurrencies with Coinmama directly which makes your transactions more secure.
Receive coins to your wallet instantly.
High limits for buying bitcoin
Faster customer service
High levels of security
No option for trading with other users
Higher fees
No mobile app






Bittrex
Bittrex is a veteran US-based cryptocurrency exchange launched in 2013. Its has Worldwide availability, comprehensive mobile app, high liquidity and low fees.
Strong security features
Faster transaction & withdrawals
Compliant with US laws
Inexpensive bank card deposits
No leveraged margin trading
Intrusive verification process
Unexplained closure of account