Best crypto platforms for UK investors have grown rapidly in recent years, as investors seek ways to profit from the rising price of digital currencies. To make the most of your investments, you need a reputable platform that offers advanced trading features. The best UK crypto platforms offer a wide range of trading options, allowing you to trade both cryptocurrencies and non-cryptocurrencies like stocks, ETFs, commodities, and forex.
Before you invest, it is important to understand the risks involved in buying and selling crypto. The market for cryptocurrencies is highly volatile and you could lose all or most of your capital. In addition, you must pay Capital Gains Tax if you sell or exchange cryptocurrencies for fiat currency or other assets such as precious metals.
Best Crypto Platforms in the UK: Features, Fees, and Security Compared
To protect your investments, look for a regulated cryptocurrency exchange that is licensed by the FCA and uses robust security measures. The leading UK crypto exchanges include BitStamp, which has been in operation since 2013, and Kraken, which offers a user-friendly interface and an extensive range of features including two-factor authentication and cold storage for the majority of its assets.
Another popular option is eToro, which has an established presence in the financial markets and has been operating since 2007. It offers a safe and secure environment for buying and selling crypto, and also allows you to diversify your portfolio by investing in ready-made crypto portfolios. One of these is the CoinJar Universe Bundle, which offers exposure to a basket of cryptocurrencies weighted according to their total market capitalisation.