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- 1 The craze for cryptocurrencies and digital assets is gradually escalating in UK traders and investors.
- 2 The Cryptocurrency exchanges rule the UK’s digital asset market, offering traders with catchy trading services.
Cryptocurrency has been creating strong roots in the UK’s crypto market with an amplified interest of traders towards digital assets. Advancement in technology and acceptance of digital assets in the competitive world could be one of the main reasons. Cryptocurrency exchanges made it easy for UK traders to accept digital assets. Let’s explore the top-rated cryptocurrency exchanges in the UK in 2023.
Kraken
Kraken is one of the most popular and widely used crypto exchanges in the UK market. Introduced in September 2013, the platform offers Bitcoin, Litecoin, and Euro trades. Kraken is best in terms of competitive pricing, helping users deposit via bank transfer. Opening a bank account in a standard bank helps in making a transfer and requires 0-3 days with a minimal fee of just 1 Euro. Once money is arrived, investors can purchase crypto at a commission rate of 0.26%. A simple user interface and support for 185+ coins make the platforms more efficient.
eToro
eToro was introduced in 2007 as RetailFX and emerged as one of the safest platforms to purchase Bitcoin and other cryptocurrencies. The exchange is known as the best Bitcoin broker in the UK and holds more than 30 Million users. eToro accepts debit/credit cards and bank transfers for making a purchase with minimum deposit charges of 0.5% on GBP payments. Also, the platform is compatible with both the iOS and Android phones.
Coinbase
Another popular name in the list is Coinbase, one of the widely used platforms for crypto exchange. The platform was launched in 2012 and supports 250+ digital assets. Coinbase accepts both bank transfers and debit cards for making transfers with a fee of 4%. It is one of the best platforms for beginners, considering security with two-factor authentication. Currently, the platform has more than 100 Million users and charges around 1.49% of trading commission.
OKX
Introduced in August 2022, OKX developed its strong position in the crypto ecosystem very well. It is one of the low-cost crypto exchange platforms supporting 350+ coins. One of the interesting facts about OKX is its trading fee of just 0.1% per slide while making a buy or sell. Supporting both debit and credit cards the platform reduces fees with an increase in trading volume. Also, the minimum debit card purchase is 9 Euros, allowing users to make small purchases.
Crypto.com
Want to trade crypto at your fingertips? Crypto.com is a good choice to make. Crypto.com is a popular name in the UK crypto environment. The platform was introduced in 2016 and is compatible with mobile trading, supporting both iOS and Android. Crypto.com accepts debit cards and bank transfers for fund deposits. In a couple of days, the users can buy cryptocurrencies with a minimal platform fee of 2.99%. Support for 250 cryptos, low trading fees, and acceptance to Visa and MasterCard is a benefit.
Conclusion
Cryptocurrencies create an irreplaceable place in UK trader’s and investors minds. Cryptocurrency exchanges including Crypto.com, Kraken, eToro, OKX, and Coinbase made it easy for individuals to trade digital assets more efficiently.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
