Finding the best cryptocurrency exchange in the UK can be challenging with so many platforms available. Each offers different fees, features, and supported assets, while strict UK regulations further complicate the selection process.
To simplify your decision, we’ve evaluated dozens of exchanges and compiled this list of the top five platforms. Whether you prioritize low fees, a wide selection of cryptocurrencies, or advanced trading features, our guide has you covered.
👉 Discover the best crypto exchange for UK traders
Do All Crypto Exchanges Work in the UK?
Not all crypto exchanges operate in the UK due to strict Financial Conduct Authority (FCA) regulations. Platforms must comply with anti-money laundering (AML) laws and register with the FCA to offer services legally.
Many global exchanges restrict features like derivatives trading, margin trading, or crypto lending in the UK. Some have even exited the market entirely. Always verify an exchange’s FCA registration to ensure compliance and protect your funds.
⚠ Key Considerations:
- Avoid unregulated platforms—they lack legal protections.
- Some no-KYC (Know Your Customer) exchanges operate in the UK but aren’t FCA-approved.
Top 5 Crypto Exchanges for UK Users
1. OKX – Best for Advanced Trading Tools
- FCA Compliance: Operates under FCA promotional rules (not fully registered).
Key Features:
- TradingView integration for advanced charting.
- Low fees: 0.08% maker / 0.1% taker.
- Supports 40+ cryptocurrencies (reduced from global offerings).
- Robust security with OKX Protect.
✅ Pros:
✔ NFT marketplace
✔ High liquidity ($4B+ daily volume)
✔ Strong security protocols
❌ Cons:
✖ Limited asset selection in the UK
✖ No staking available
2. Margex – Best for Copy Trading
- No-KYC Option: UK users can trade without verification.
Key Features:
- Copy trading leaderboard with 100+ strategies.
- 6% APY on BTC staking.
- 0.019% maker / 0.06% taker fees.
✅ Pros:
✔ Beginner-friendly
✔ High staking rewards
✔ No mandatory KYC
❌ Cons:
✖ Not FCA-regulated
✖ Limited crypto selection
3. KCEX – Best for Zero Trading Fees
- No-KYC Policy: No identity verification required.
Key Features:
- 0% spot trading fees.
- Supports 500+ cryptocurrencies.
- Up to $370 in rewards for new users.
✅ Pros:
✔ No trading fees
✔ Large crypto selection
✔ Simple mobile interface
❌ Cons:
✖ No fiat support
✖ Unregulated
4. BloFin – Best for Automated Trading
- No-KYC Access: Basic sign-up suffices.
Key Features:
- Signal trading bot (integrates with TradingView).
- 150x leverage on futures.
- Cold storage via Fireblocks.
✅ Pros:
✔ Advanced trading automation
✔ High leverage options
✔ Strong security partnerships
❌ Cons:
✖ Requires TradingView knowledge
✖ Not FCA-registered
5. Kraken – Best FCA-Registered Exchange
- FCA-Compliant: Fully regulated in the UK.
Key Features:
- 370+ supported cryptocurrencies.
- Kraken Pro for advanced traders.
- Up to 16% APY staking rewards.
✅ Pros:
✔ Strong regulatory compliance
✔ Excellent DeFi access
✔ Educational resources
❌ Cons:
✖ High fees for fiat purchases (3.75%)
✖ Basic trading fees are steep
How to Choose the Best UK Crypto Exchange
Consider these factors when selecting an exchange:
✔ Regulatory Compliance (FCA registration).
✔ Trading Fees (maker/taker rates).
✔ Supported Cryptocurrencies.
✔ Security Measures (2FA, cold storage).
✔ Ease of Use (mobile app, UI).
FAQs
❓ Can I use Binance in the UK?
Binance has restricted services in the UK due to FCA regulations. Consider alternatives like OKX or Kraken.
❓ Are no-KYC exchanges safe?
No-KYC platforms (e.g., Margex, KCEX) lack FCA protections. Use them cautiously.
❓ Which UK exchange has the lowest fees?
KCEX offers 0% spot trading fees, while OKX has competitive low-fee structures.
👉 Explore top crypto exchanges now
Final Thoughts
The best UK crypto exchange depends on your needs—whether it’s low fees, advanced tools, or regulatory compliance. OKX and Kraken stand out for their balanced offerings, while Margex and BloFin cater to automated trading enthusiasts.
Always prioritize security and compliance when trading cryptocurrencies in the UK.