Who should make use of the comparison?
This comparison is for anyone interested in cryptocurrencies who is looking for a safe and reliable trading experience. And whether you’re a complete beginner to the world of crypto trading or you already have a solid digital portfolio, it’s always worth taking the time to check the credentials of your preferred exchange site.
When it comes to crypto exchanges UK customers have a wide range of available options. New bitcoin exchanges and cryptocurrency exchanges are launching every month, but not all of them are appropriate for every client’s needs. Whether you’re planning to buy crypto currency online for the very first time or you’re intent on tracking down the best cryptocurrency exchanges offering the highest potential returns, we’ve got all the information you need to know about.
Operator Checklist: Top 5 steps for a secure & fair experience at a cryptocurrency exchange
Perhaps you’re on the lookout for new bitcoin exchanges specifically, or just cryptocurrency exchanges in general, but in both instances you still need to take the same steps to ensure a fair and secure experience. Bitcoin and other cryptocurrencies operate outside the usual fiat currency regulations, making them particularly attractive to hackers and con artists. So always make the following five checks before embarking on a trade:
Check for encryption
When assessing crypto exchanges UK residents should make a point of checking for an “https” tag, or a padlock symbol, at the start of the website address.
Review the exchange’s history
For every available crypto platform UK users have access to a wealth of online information. Search for recent news about bitcoin exchanges to find out about downtimes or complaints that could affect your decision.
Read what the experts have to say
At BitReviews.com we put all of the top cryptocurrency exchanges through their paces to come up with hard and fast conclusions about their fairness and security.
Will help be available when you need it?
All bitcoin exchanges should have a customer service department, but will they meet your expectations? Check out how easy it is to find help and how responsive the customer support team really are.
Does the user interface align with your expectations?
You may have tracked down the cryptocurrency exchanges that offer the best rates and high levels of support, but if the user interface and navigation aren’t intuitive, you could find yourself mired in frustration!
Editor’s recommendation – the best exchange
There’s no one-size-fits-all solution when it comes to cryptocurrency exchanges, since everyone has different requirements. But three names consistently score highly with critics and traders alike.
Our favourite crypto exchanges UK residents can safely invest in include the hugely popular Coinbase crypto exchange, which is our top recommendation for beginners. There’s an intuitive interface and lots of support on hand if you hit any problems.
More experienced traders should check out the slightly more complex Binance crypto exchange, which offers support for a huge array of altcoins, in addition to Bitcoin, Ethereum and other top cryptocurrencies.
For advanced traders with an in-depth knowledge of the industry, we recommend the Kraken crypto exchange. This is one of the top cryptocurrency exchanges used by serious investors, although the interface isn’t the easiest to get to grips with.
This is how our experts test exchanges
When assessing crypto exchanges UK residents can access, we put each one through a rigorous series of tests. We examine each exchange from all possible angles to provide a comprehensive overview.
Safety and security
Cryptocurrencies operate outside governmental controls, making them a target for criminals, so we take site security and safety very seriously indeed. We check that the exchange is fully licensed and regulated for a UK audience, with state-of-the-art encryption technology for additional protection.
Not all bitcoin exchanges have been created with the end user in mind, so we explore each site’s ease of use. We look for seamless navigation, useful links and search tools and a comprehensive FAQ section that points users in the right direction for any queries they have. We’re also on the lookout for pages that load quickly across all devices, including smartphones.
It’s easy to rack up unexpected fees when you start trading in cryptocurrencies, so we explore the charges for each cryptocurrency exchange we review. We also dig deep to find out what payment methods are accepted and the anticipated wait times for transactions to be processed.
And because sometimes problems can arise, we also make a point of checking each exchange’s customer support services. We’re looking for easy access to support, preferably by email, phone and live chat, with swift resolutions to any issues that occur.
Finding the right exchange for you
When it comes to finding your own personal perfect cryptocurrency exchange, the best place is to start is by browsing through our cryptocurrency exchanges list and reading our in-depth reviews.
We can’t stress enough that everyone has their own unique needs when it comes to cryptocurrencies, from finding the best exchanges for bitcoin to sourcing quick and convenient currency conversions to enable betting at bitcoin gambling sites.
Although personal recommendations can be useful to a certain extent, always make sure you double-check by reading our BitReview.com conclusion, for a completely rounded picture of your preferred exchange site.
Most important sections of the site
Here at BitReviews.com, we aim to make the entire process of buying and trading in Bitcoin and other cryptocurrencies as easy as possible. We’ve put together a wealth of helpful information to guide you through the crypto maze, so you can make the most informed choices.
Our crypto investing guides cover everything you need to buy, trade and gamble in cryptocurrencies. Discover how crypto mining works and learn how to buy and sell digital currencies. We’ll also point you in the right direction when it comes to mobile apps and wallets, so you can easily keep track of your funds.
We’ve put together some helpful crypto casino reviews for those who enjoy a flutter. From esports to slots there’s plenty of choice, and to get you off to a flying start we can even guide you to the best crypto betting bonus offers.
Checklist: This is how you find YOUR perfect exchange!
With so many possible crypto exchanges, UK traders are really spoilt for choice. But not every exchange offers the same benefits – from fees to ease of use there are so many options that it can be hard to know where to start in your search. So to avoid making
potentially costly mistakes we recommend you follow these steps to find the perfect option to suit you and your specific needs.
Establish why you’re trading in crypto
Some people are keen to try and make a profit from the potential increases in the value of bitcoin and altcoins. Other people are more interested in wagering their digital currencies at a crypto casino. Equally you may be planning on converting large sums of a fiat currency into crypto, or just a small amount to dip our toe into the waters. The more you can pin down your specific requirements, the easier it will be to find your perfect exchange.
Consider the costs
If you’re only planning on dealing in relatively minor sums of money you’re likely to find the costs involved surprisingly high. Your chosen exchange will charge you when you buy your digital assets, with extra fees each time you transfer them, depending on your chosen crypto wallet. Lots of new traders are surprised to find how quickly the costs can mount up, so establishing how much transactions might cost you from the outset is extremely helpful.
How risk-averse are you?
Some cryptocurrency exchanges, such as Coinbase, offer dedicated vaults for storing larger sums of crypto, as well as offering insurance protection for investments held on the site. This can increase overall costs, but you may feel it’s worth it for the extra piece of mind offered. Be aware that digital currencies are extremely attractive to hackers, and that digital exchanges are often prime targets.
Are you tech-savvy?
Our list of bitcoin exchanges covers everything from the most user-friendly sites to options more suited to experienced tech wizards. There’s no fun in trying to interact with a site that leaves you frustrated and confused, so it’s important to choose one of the UK crypto exchanges which offers a user experience that aligns with your own tech capabilities.
Will you be dealing exclusively with bitcoin?
Bitcoin may be the biggest and best-known cryptocurrency, but there are literally hundreds of other options too, with new altcoins seemingly launching every week. Many bitcoin exchange sites also offer a number of altcoin options, but this can vary widely. If you know you want to invest specifically in altcoins then it’s worth checking out crypto exchanges UKresidents can use to purchase multiple alternatives from.
3 ultimate tips for using a cryptocurrency exchange
The most important thing to know about cryptocurrencies is that they can be extremely volatile. There’s potential for some big money to be made, but since the market isn’t regulated in the same way that fiat currencies are, there’s the potential for some major losses too.
But so long as you’re fully aware of the potential risks involved, our bitcoin exchanges list is the ideal starting point, helping you to make the most informed judgement about your available options. And to help you even further, we’ve put together three essential tips to help you to make the most of your experience.
Read up on the subject
You don’t need to have a solid understanding of how crypto mining works, or what the mempool is, to reap the benefits of trading in cryptocurrencies. But a little knowledge goes a long way towards improving your overall experience, so it’s worth reading up on the subject – you’ll find plenty of help aimed at beginners readily available online.
Set your budget carefully
It can be all too easy to get caught up in the moment when it comes to buying bitcoin or other cryptocurrencies. And when you see the price of your preferred crypto suddenly start to climb it’s tempting to convert more cash and try to maximise profits. But the prices can drop as quickly as they rise, if not quicker, so never invest more than you can comfortably afford to lose.
Store your crypto in a digital wallet
Unless you’re transferring your digital currency directly to one of the new bitcoin betting sites then it’s well worth transferring your funds into a private wallet. These can be stored on your PC or mobile to keep them safer from hackers – and remember to keep up to date with new releases to keep on top of any potential security issues.
There’s a cryptocurrency exchange suitable for every type of user, and here at BitReview.com we aim to make the selection process as easy as possible. Once you’ve dipped your toes into the cryptocurrency waters you’ll find that, like most things, it’s not nearly as complex as it seems to be at first sight.
Bitcoin Exchanges FAQ
✅What are the best Bitcoin exchanges in the UK?
Finding the best Bitcoin exchanges in the UK is a relatively easy process if you know where to look. We’ve already done the hard work for you, so all you need to do is read through our in-depth reviews before making the selection that works best for your specific needs. We can even help you find the best Bitcoin wallets to store your crypto in.
✴ Which Bitcoin exchanges are safest?
Safety is a major issue for Bitcoin exchanges, with hackers constantly subjecting them to targetted attacks. We dig deeply into the security features for each bitcoin exchange featured, giving you peace of mind when it comes to choosing your perfect option for crypto trading.
❓ How do Bitcoin exchanges work?
You don’t need to be an expert in all things Bitcoin to enjoy trading in cryptocurrencies. At BitReviews UK, we take the guesswork out of finding an exchange, guiding you in the direction of your perfect solution, pointing out the pros and cons so you can make the most informed financial choices.