Digital currencies like Bitcoin, Ethereum, and Litecoin have become more accepted in online transactions. As a result, more trading platforms where users are able to buy and sell them are springing up. While this is a great development in the crypto world, care must be taken to ensure you trade on only reliable platforms.
As these coins have separate values that rise and fall, it is important to study them before trading. For instance, some of the main things to bear in mind before buying Bitcoin include risk management and having a proper digital wallet.
Likewise, it is necessary to understand what makes a good crypto exchange before signing up to one. You must consider regulations, tradable cryptos, payment methods, fees, wallets, and the availability of mobile apps. Below, we delve deeper into a number of reliable exchange platforms.
eToro
eToro is regarded as the overall best crypto exchange platform in the UK. With a user-friendly interface, you can easily sell and buy cryptocurrencies with low trading fees and various payment options.
The platform has over 100+ coins like Bitcoins, Ethereum, Cardano, and Binance, which can be traded. It is regulated by the FCA in the UK and offers a Money app where you can exchange your GBP for USD without a cost. It also works as an investment platform. You can invest in stocks and assets with a 0% commission, and you are able to trade commodities, CFDs, and forex.
CoinJar
Coinjar is an Australian-based exchanger that has been around since 2013. It’s another popular platform in the UK that allows you to trade up to 50 digital currencies. Users are charged a 1% flat rate for the purchase and sale of coins.
It also has a wallet that’s available for iOS and Android users. Using it on mobile means you can easily copy and paste your wallet addresses when transacting at other sites, such as when you deposit at an online casino.
And for the latter, comparison platforms help players find operators that accept cryptocurrencies. It is the same place where you can easily find the best UK online casino sites. These platforms have an overview of each recommended operator for interested players to easily find the available payment methods, currency accepted, and bonuses each operator offers, including the variety of games supplied by renowned gaming providers. When you use your CoinJar wallet, all you need to do is hold on to the wallet address and place it as your preferred payment option.
Bitstamp
Founded in 2011, BitStamp is one of the oldest and largest crypto exchange platforms today. It currently has well over 4 million subscribers, with the majority being professional traders.
Transacting is made easy with its common payment options. They, however, charge 0.5% for trading volumes below £7975 per month, which is quite a fair amount. Subscribers have the option of trading on the mobile app which has a biometrics verification feature or on its website.
The super secure system of preserving your crypto coins and assets is one of its main benefits. You are able to store them in private wallets or within cold storage.
Uphold
With more than a million subscribers, Uphold is another popular crypto exchanger in the UK. You can buy and sell over 100+ coins including Bitcoin, Ethereum, and Tether.
You can also deal in meme coins, stablecoins, and emerging coins. With Uphold, there is no commission rate and you can freely receive payments in your bank accounts and private wallets.
With Uphold, you are able to enjoy an AutoPilot feature that helps to set up recurring transaction orders. The feature that makes this platform so reliable is its transparency. You are able to inspect the amount of cash reserve it holds against withdrawals and market conditions.
Coinbase
Coinbase is another top platform to trade cryptocurrencies. You are able to transact with over 200+ cryptocurrencies including NFTs, and recent coins on the market. The exchanger is available on both the Google Play and Apple App stores, and this helps with easy trading on mobile. With the application, it is easy for you to track trades and market conditions.
Compared to the other platforms above, you’ll have to pay fees for transactions done here. Although the exchange platform is more expensive than most, it compensates with top-notch security.
