Best Crypto Exchanges in the UK January 2025

Coinbase accounts must have multi-factor authentication, as well as support for hardware keys. Additional security tools like Coinbase Vault (a wallet with additional security steps) and an address book ensure your crypto always ends up where you want it to go.

Thanks to an awesome cybersecurity team, Coinbase has never been hacked directly. There was an instance in 2021 where at least 6,000 Coinbase customers had their data breached and received phishing emails, resulting in losses. In this instance, as hackers exploited a flaw in Coinbase's 2FA system, users who were hacked were refunded by Coinbase.

More than 200 - with everything from popular cryptocurrencies like BTC, ETH, and USDT to meme coins like SHIB, gaming currencies like MANA, and utility tokens like UNI.

Yes, Coinbase has a mobile app for Coinbase exchange, Coinbase Pro, and Coinbase Wallet.

It's free to create your Coinbase account, but you'll pay transaction fees (taker and maker fees) when you trade on Coinbase, as well as potential deposit and withdrawal fees if you're not using ACH.

Crypto deposits are unlimited, while Coinbase may limit fiat deposits depending on your payment method. Withdrawals of crypto and fiat currency are limited to $100,000 (£83,000) daily, although you can request to increase this limit in your account settings.

Yes. Coinbase has KYC - if you don't complete identity verification on Coinbase, your account will be restricted. You'll need to fill out various personal information and provide a photo ID document - like a driver's license or passport.

Nexo implements a comprehensive security framework to ensure the safety of its clients' digital assets, combining advanced technology, regulatory compliance, and client-focused protections. Partnering with custodial services like Ledger Vault and Fireblocks, Nexo provides institutional-grade security, including insurance coverage for assets. The platform complies with regulations in over 150 jurisdictions and holds globally recognized certifications, such as SOC 2 Type 2 and ISO/IEC 27001:2022, validating its robust security practices. Leveraging infrastructure from Amazon Web Services (AWS) and Cloudflare, Nexo benefits from secure cloud solutions and DDoS protection. Client accounts are safeguarded through multi-layer authentication, biometric identification, anti-phishing codes, and AES 256-bit SSL encryption.

No, the Nexo platform has never been hacked directly, however, there are a number of scammers targeting Nexo users with phishing emails and more so always make sure you're using the official site and never provide any personal details via email or SMS.

Nexo offers more than 80 cryptocurrencies on its platform.

Yes, Nexo has a mobile app available on iOS and Android.

You'll pay varied fees on Nexo depending on your specific transactions, including for trades (although these are sometimes included in the spread), loans, card fees, withdrawals, and more.

Nexo has a daily withdrawal limit of £9,000 or £540 for ATM withdrawals. Deposit limits vary by payment method but are around £10 for most methods.

Yes, Nexo has KYC in order to comply with UK regulations for financial service providers.

Yes. Kraken security labs are fully dedicated to protecting user assets. They actively test third-party products and services, work to fix security flaws, and have an extensive bug bounty program for white-hat hackers. They keep 95% of assets in an off-line, air-gapped, cold storage and include 2FA, master key, PGP encryption, and global setting lock as part of their security protocols.

While some accounts were breached due to user negligence, the platform has never been hacked. So if you are wondering, can Kraken be trusted? The answer is Yes!

Kraken currently offers 195 coins to be traded.

Yes, it is available on the Apple app store and Google Play. The Kraken Futures app was discontinued in January 2022.

Kraken has a tiered fee structure between 0% and 0.16% for makers and 0.10% to 0.26% for takers, based on your monthly trading volume. There is also a 0.9% fee for purchasing any stablecoins, a 1.5% fee for any other crypto purchase, plus a transaction fee of up to 3.75% depending on the payment method.

Kraken has a tiered structure, and your tier and payment method will also play a role in your withdrawal and deposit limits, with daily limits of around £7,500 on deposits and withdrawals for an express account. This is increased to $100,000 or $10 million for intermediate and pro accounts respectively.

Yes - however various levels of KYC are available, including starter, express, intermediate, and pro.  Only the intermediate and pro levels require supporting documents.

Yes. Crypto.com boasts very strong security protocols with MFA for accounts with passwords, biometrics, email, SMS, and OTP authentication, and whitelisting external addresses through email is mandatory. They boast industry creds such as ISO 22301:2019, ISO/IEC 27701:2019, and ISO/IEC 27001:2013- which deal with how they prepare for and react to any disruptions that may arise.  Crypto.com also has PCI-DSS v3.2.1 Level 1 compliance - which is credited to businesses that process over 6 million card transactions a year and have suffered a breach, and the exchange is independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks, as well as Service Organization Control (SOC) 2 compliance which addresses how they manage personal data. In other words, Crypto.com is very secure!

Yes. Despite their extensive security protocols, Crypto.com was hacked in January 2022 due to a flaw in their 2FA. This saw 483 users impacted and £29 million stolen.

There are currently 221 different coins available to trade on Crypto.com.

Yes., it is available for both iOS and Android.

Fees will vary, and they have adopted a tiered structure based on your 30-day trading volumes. There is a maximum maker fee of 0.4%, and they also offer discounts for users holding CRO.

There are no minimum deposits in place at Crypto.com, while withdrawal limits depend on the specific crypto you're withdrawing.

Yes, Crypto.com, you'll need your personal information and a valid photo ID to open an account.

Yes. Gemini's security-first focus has made them incredibly popular with users, and they follow compliance to protect their user’s assets. Security measures include; 2FA, support for hardware security keys,  and address listing, which all play a role in keeping the platform safe. Despite this, Gemini has unfortunately succumbed to a crypto hack.

Yes - as recently as 2022, Gemini has been hacked, although the extent of the breach was limited to a select few accounts. They suffered over £30 million in losses, and the IRA Financial Trust filed a lawsuit alleging negligence. Gemini has rejected these allegations and has stated that it was an isolated security incident.

Gemini has over 120 different coins available to trade on their platform.

Yes. The Gemini app is available for download on the Apple App Store, Google Play, and the Galaxy Store.

Gemini has a maximum fee of 1.49% - although this is often lower for most users.

Deposit and withdrawal limits are determined by your payment method, although some methods have no limits in place.

Yes. Gemini requires proof of ID like a valid passport or driver's licence to open an account.

CoinJar’s security protocols include multi-level data encryption, BitGo custodian for cold storage, and multi-sig for hot wallets. In addition to those measures, they also have full currency reserves at all times and are FDA-registered.

CoinJar hasn’t suffered any hacks or breaches to date.

CoinJar offers over 60 different crypto options to be traded on their platform.  All major coins are available,  plus the most popular ERC-20 tokens. ERC-20 is a standard used for the issuing and creation of smart contracts on the Ethereum blockchain.

Yes, the CoinJar app is available for both iOS and Android

There is a 0-1% fee for conversions on CoinJar and instant buys attract a small fee too. So are CoinJar fees high? Compared to other exchanges in the market, CoinJar fees are relatively low.

CoinJar has a minimum deposit of £5, while the maximum withdrawal is capped monthly but depends on the account level each user holds.

Yes, CoinJar is FCA registered and requires a photo ID and some personal information to verify your account.

OKX stores 95% of funds offline with backups and sensitive data stored in secure bank vaults. They use security protocols such as 2FA, mobile verification, anti-phishing code, and an authenticator app. On top of that, they also limit each cold wallet to no more than 1000 BTC, and private keys never interact with USBs or the internet.

OKX has not been directly hacked,  but there have been reports of some user accounts being compromised to the tune of £2.5 million.

OKX offers an extensive range of coins to be traded. They currently list 362 cryptocurrencies to be traded.

Yes, the OKX app is available for iOS and Android

OKX operates a tiered fee maker/taker structure based on your trading volume over 30 days; average fees range from 0.060% and 0.1%.

The minimum deposit for OKX is 10 USDT, so around £9, while standard account withdrawal limits are capped at 200 BTC daily.

Yes. OKX has different requirements for each tier of account.

eToro maintains strict security protocols, offering multi-factor authentication for accounts, including password, email, and SMS verifications. Moreover, eToro is subject to regulation by top-tier authorities such as the FCA, CySEC, and ASIC, ensuring compliance with the highest operational standards. They also adhere to GDPR regulations to safeguard user data.

No, there have been no significant publicized instances of security breaches or hacks on eToro. Nevertheless, investors should always exercise caution and utilize all available security features.

As of now, eToro facilitates trading in over 30 cryptocurrencies.

Certainly, eToro's mobile application is accessible on both iOS and Android platforms, enabling users to trade conveniently while on the move.

eToro imposes a 1% fee for buying and selling, along with a 0.1% conversion fee for cryptocurrency trades.

eToro has established a minimum deposit requirement that may vary depending on the user's region and chosen payment method. Additionally, there is a daily transaction limit of up to £200,000 for sending funds.

Yes, adhering to global regulatory standards, eToro requires users to provide personal information along with a valid photo ID when opening an eToro account.

KuCoin has industry-standard security measures, such as multi-factor authentication and password verification for trades and withdrawals. But in 2020, they were hacked.

Yes, in September 2020, hackers stole more than £230 million in crypto from KuCoin, making it one of the largest ever hacks when hackers obtained users' private keys. They later offered a $100,000 reward for any information, recovered £169 million of the stolen crypto, and launched the safeguard program.

KuCoin offers an extensive range of coins to be traded. They currently list 719 different options.

Yes, the KuCoin mobile app is available on both Android and iOS.

Fees on KuCoin are comparatively low and are based on your trading volume over 30 days, average fees range from 0.0125% to 0.1%, and discounts are offered to KCS token holders.

KuCoin has no deposit minimum. Withdrawals are limited to 1 BTC per day for unverified accounts and are capped at 200 BTC for verified accounts.

Yes, but the KYC requirements at KuCoin vary depending on the level of access you desire, and this flexibility has helped grow the popularity of the exchange.

Binance suspended services from the UK in October 2023 after it failed to meet updated FCA regulation requirements. The exchange has stated that it plans to re-enter the UK market once it's able to meet the FCA requirements. What this means for existing Binance users in the UK is that some services are suspended, while new UK users are currently unable to onboard with Binance.