Investing in cryptocurrencies is widespread in the UK, and traders are trying to find ways to easily venture into the activity. More importantly, trade with the best UK crypto brokers that complement your requirements. Based on our experts’ research findings, UK traders are experiencing the challenge of choosing the best brokers for their cryptocurrency trading ventures. In this regard, we did the legwork and listed below the best ones that underwent extensive testing and comparison.
list of best cryptocurrency brokers in the uk 2022
- etoro: the best cryptocurrency broker in the uk
- avatrade: the best cryptocurrency broker for mobile transactions
- cmc markets – the best broker for crypto newbies
- ig markets – the largest cryptocurrency broker in the UK
- forex .com – best fca regulated cryptocurrency broker
compare the best cryptocurrency brokers in the uk
The UK is home to hundreds of cryptocurrency brokers, making the vetting procedure long and overwhelming. On average, we spend over 150 hours to make sure we refer the most deserving brokers. Some of the elements we took into account include:
Reading: Bitcoin broker uk
It is our standard procedure to ensure accurate results in any research process. Therefore, we thought it best to combine our findings with recommendations from google play, the app store, and trustpilot users. We even rate our findings, and below is a sample table showing how we rate the top brokers.
1. etoro: the best cryptocurrency broker in the uk
There are more than 33 cryptocurrencies hosted by etoro, including bitcoin, bitcoin cash, ethereum, ripple, litecoin, dash, etc. In addition to using Etoro to buy a cryptocurrency of your choice, you can also trade the assets as CFDs or crypto cross pairs. these trading methods are very risky and we recommend them to experienced cryptocurrency traders.
Alternatively, etoro allows you to buy cryptocurrency shares from trusted companies. all you need to do is do your research to identify the best one. Furthermore, you can exchange your preferred crypto for fiat currencies, be it US Dollar, Euro, Pound, etc.
Regarding cryptocurrency trading charges, you will only pay spreads as there are no associated commissions. Getting started only requires a minimum deposit of £50, which is low for budget-conscious traders. Lastly, their platform is easy to use, hosts quality analytics and skill-building tools, and features social and copy trading to maximize your experience. all you have to do is try it out through its demo account and see if it meets your cryptocurrency trading needs.
2. avatrade – best cryptocurrency broker for mobile trading
Mobile trading has become a necessity in the cryptocurrency trading space as it allows you to easily monitor your positions and make the best decisions. avatradeis an excellent option for mobile trading, considering that users of google play and the app store rate it highly. So whether you’re using an android or ios mobile device, simply visit your app provider to install the app on your mobile device and start trading.
In addition to being the best cryptocurrency broker for mobile trading, avatrade is also profitable. you just need a minimum deposit of £100 to get started. Furthermore, CFD cryptocurrency transactions attract low spreads as there are no commissions. On top of that, there are more than 15 cryptocurrencies for portfolio diversification.
Like the web platform, the mobile version of avatrade is easy to use with an intuitive user interface. The broker also allows transactions using various payment methods, including paypal, debit/credit cards and bank transfers.
You can read about the “best crypto apps in the UK” in our article.
3. cmc markets – best broker for crypto newbies
new UK crypto traders require a broker that fully supports their activities for maximum experience. cmc markets has proven to be efficient and easy to use for newbies. Furthermore, it hosts a wide range of cryptocurrencies, including bitcoin, ethereum, litecoin, ripple, dash, etc. this allows you to test them to see which works best for your strategy. on top of that, cmc charges low spreads, a perfect element to help you avoid risking a large amount of funds.
Another element that makes cmc markets the best for newbies is their detailed account opening procedure. all you need is your personal details and verification documents to fully activate your trading account. Plus you have access to unlimited learning resources to improve your skill level. Although you can only trade cryptocurrencies as CFDs, it is a perfect opportunity to focus on strategy. You don’t need to worry about research materials, as this corridor houses plenty of them too.
Our introductory guide for beginners: how to trade CFDs can help you pay more attention to a strategy if you are a newbie.
Lastly, we all know how volatile the cryptocurrency market can be and sometimes large investments are required to maximize returns. cmc markets allows you to apply leverage of up to 2:1 on your trades. however, remember to be sure of your strategy before you start trading on margin, as you can lose a lot of money.
4. ig markets – UK’s largest cryptocurrency broker
ig markets has been around for decades and has become one of the largest brokers for cfd trading globally. It hosts billions of assets including popular cryptocurrencies namely bitcoin, ethereum, litecoin, bitcoin cash, dash etc. furthermore, you can trade cryptocurrencies at low spreads, making it an attractive option for the budget. conscientious British merchants.
another element that makes ig markets the largest in the UK market is the availability of trading resources. for example, you get plenty of market analysis tools on quality platforms to maximize your experience. These platforms include mt4, l-2 dealer and prorealtime. In addition, the broker has an IG community platform where cryptocurrency traders can meet and socialize while sharing ideas that can transform their strategy development.
Sadly, you can only trade cryptocurrencies like CFDs with this UK’s largest broker. On the bright side, focusing on CFD trading only opens up more opportunities to focus on becoming a successful CFD trader. There is also an IG Academy and a demo account to develop your skills before diving into the real market.
You can read more about the best cfd brokers in the uk in our article.
5. forex.com: the best fca regulated cryptocurrency broker
While all of the above brokers are fca regulated, forex.com stands out in this category for the features it features. For example, the broker offers a wide selection of cryptocurrencies, including bitcoin, ethereum, litecoin and ripple, all of which can be traded as CFDs. The best thing about trading these cryptocurrencies with Forex.com is that you can only incur low spreads. this, combined with its impeccable market analysis tools, makes it stand out from the rest.
using forex.com for your cryptocurrency trading activities means trading the assets like cfd. although you are limited to a specific trading method, you can fully focus on it and quickly develop your skills to become independent. In addition, you can further your activities using the mt4 platform which hosts advanced features and tools.
To get started with forex.com, a minimum deposit of £100 is required. Plus, you only need one unit of cryptocurrency to start trading with forex.com. however, consider trying it out first using their risk-free demo account before committing.
how to choose the best cryptocurrency broker in the uk
The best cryptocurrency brokers in the UK are hard to find, and that is why we have recommended the best brokers to choose from. If our recommendations do not fit your needs and you need to do more research, here are the main factors to consider.
Read about the best crypto wallets in the UK 2022 in our guide to choosing the wallet to store your cryptocurrency.
list of the most popular cryptocurrencies to trade in 2022
If you are just starting out in the world of cryptocurrencies, you are probably wondering what are the most popular cryptocurrencies to trade in 2022. below, we list those that we believe have growth and earnings potential.
- Bitcoin: This cryptocurrency has massive liquidity and is an excellent asset to invest in, whether buying it, owning its shares, or trading. as cfd.
- ethereum: This is the second most popular cryptocurrency after bitcoin, with a market capitalization of more than 240 billion pounds.
- tether: tether is a stablecoin backed by fiat currencies, including the euro, dollar and pound . this makes its value more consistent, making it a potentially lucrative asset.
- binance coin: this asset is used to trade and transact on binance , a popular cryptocurrency exchange. It can also be exchanged for other cryptocurrencies such as bitcoin and ethereum.
- cardano: With a market cap of over $26 billion, cardano is one of the best-selling cryptocurrencies strong>. is known for its first proof of stake validation. furthermore, the asset enables smart contracts and decentralized applications.
comparison of cryptocurrency exchange between coinbase and binance: which one to choose? – read in our guide, where we can help you make the right choice.
frequently asked questions
The cryptocurrency market is highly volatile and determining asset prices remains a challenge for UK traders. To minimize challenges, you should trade with the best fca regulated crypto brokers. such brokers not only protect your funds, but also provide you with quality resources to maximize your experience. in the end, you will easily manage your posts and become independent.