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The Best Brokers for Bitcoin Trading in the UK 2022

Finding the best Bitcoin broker in the UK is a challenging task that most traders experience. Choosing a broker that does not meet your trading requirements will end up disrupting your trading activities, thereby leading to losses.

We truly understand the importance of trading with the best Bitcoin brokers in the UK. That is why we decided to conduct thorough research on them, which included multiple testing and reviewing processes, to make sure that you find the best Bitcoin broker for your trading requirements. So, with that being said, let’s get started.

List of the Best Crypto Apps in the UK 2022

  • eToro – Best All-Round Bitcoin Broker in the UK
  • Pepperstone – Best Bitcoin Broker for Beginners in the UK
  • CMC Markets – Bitcoin Broker with the Best Customer Service
  • IG Markets – Bitcoin Broker with the Lowest Fees in the UK

Compare the Best Bitcoin Brokers in the UK

It took us 150 hours of research to get accurate results. Note that we take this process seriously, and we guarantee you that we are not biased in our approach. Some of the significant elements that aid us in our decision-making process include:

Licenses
Licenses & Regulations
trading fees
Trading Fees
Minimum Deposit
Minimum Deposit
Software
Software
Money Insurance
Money Insurance
Payment Methods
Payment Methods

Additionally, we rank these Bitcoin brokers according to user reviews from Trustpilot, Google Play, and the App Store.

Compare with other broker
License
Fee on Bitcoin
Minimum deposit
Software
Money Insurance
Payment
Demo account
etoro in the uk
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
ASIC, CySec, FCA, FSAS, FSCS
From 1.5%
£140
eToro Proprietary Platform
Yes (up to £85,000)
Credit card, PayPal, Bank transfer, Neteller, Skrill, WebMoney
Yes
Pepperstone UK
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
ASIC, CySec, FCA, DFSA
From 30 pips
£100
MetaTrader 4, MetaTrader 5, cTrader, TradingView
Yes (up to £85,000)
Bank Wire Transfer, Credit cards, Neteller, Skrill, Paypal
Yes
cmc markets logo
Visit site
Risk Warning
69% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
FCA, BaFin, CIPF, ASIC, IIROC, MAS
From 0.7 pips
No
MetaTrader 4
Yes (up to £85,000)
Credit cards, Paypal, Bank Wire Transfer
Yes
IG Markets UK
Visit site
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Read Review
ASIC, FCA, CySec, BaFin, DFSA, FSCA, FMA, MAS
2,58%
£250
MetaTrader 4, IG trading platform, ProRealTime, Native APIs
Yes (up to £85,000)
Paypal, Bank Wire Transfer, Credit cards, Neteller, Skrill
Yes

Compare brokers

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1. eToro – Best All-Round Bitcoin Broker in the UK

Etoro index page
Etoro screen
Etoro
Etoro mobile
Etoro broker
Etoro index page
Etoro screen
Etoro
Etoro mobile
Etoro broker

What makes eToro the best Bitcoin broker is its ability to allow Bitcoin exchanges using PayPal. Even though traders can still buy Bitcoin using debit/credit cards and bank transfers, the procedure involves many processes, which can be time-consuming. These two methods inconvenience most users. That is why PayPal takes the lead. It is the fastest and most straightforward way to buy Bitcoin and can only be found with a few brokers, like eToro.  

Additionally, eToro has the best social trading platform for you to interact with other traders. You can use this platform to share ideas and trading strategies that will quickly improve your trading experience. There is also a free demo account that lets you test eToro. The demo account is loaded with $100,000 virtual funds, which you can use to maneuver through the markets available, using real market data.

TradingGuides Rating:
✔Copy/Social trading
✔Low minimum to fund an account and begin investing
5.0 rating
5.0
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • Heavily regulated by top-tier authorities, including the FCA in the UK.
  • Allows Bitcoin exchanges using PayPal.
  • Social trading platform for learning new strategies.
  • Easy-to-use and customisable trading platform.
Cons
  • Customer service is only available five days a week.

2. Pepperstone – Best Bitcoin Broker for Beginners in the UK

Pepperstone index page
Pepperstone
Pepperstone screen
Pepperstone mobile
Pepperstone broker
Pepperstone index page
Pepperstone
Pepperstone screen
Pepperstone mobile
Pepperstone broker

Pepperstone is a broker that allows Bitcoin trading every day, making it the best choice for beginners who are still familiarising themselves with its functions. You do not need a digital wallet to trade Bitcoin on its platform. 

Trading Bitcoin with Pepperstone is simple. The broker has an easy-to-use trading platform that executes your trading activities fast and seamlessly. It also charges low Bitcoin CFD spreads, making it a go-to Bitcoin broker for low capital traders. 

Pepperstone has various trading accounts to choose from, depending on your trading needs. You can invest in Bitcoin through all the available trading platforms and apply leverage to a maximum of 5:1. Additionally, it is backed up with a news feed that allows you to stay abreast of the latest Bitcoin news, so that you never miss an investment opportunity. 

Do not hesitate to try Pepperstone. Use their risk-free demo account to learn how it works and if its offerings match your trading requirements.  

TradingGuides Rating:
✔ Top tier liquidity
✔ No dealing desk intervention
4.0 rating
4.0
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • Low Bitcoin CFD spreads.
  • Plenty of educational and research tools.
  • Leverage on Bitcoin to a maximum of 5:1.
Cons
  • High financing costs for positions held overnight.

3. CMC Markets – Bitcoin Broker with the Best Customer Service

CMC Markets index page
CMC Markets screen
CMC Markets broker
CMC Markets mobile
CMC Markets
CMC Markets index page
CMC Markets screen
CMC Markets broker
CMC Markets mobile
CMC Markets

During our research process, CMC Markets raised the bar when it came to its customer support system. It is one of the most responsive we’ve come across, and they provide clear and relevant answers within a short period. In case you experience any trading issues on this broker’s platform, you can reach its customer service through phone, email, and live chat. 

You will not need a digital Bitcoin wallet to hold your purchases, making you focus more on building your trading strategies. Additionally, the broker lets you open long and short positions, which will entirely depend on the rising and falling of market prices. 

When it comes to margin trading, CMC Markets lets you leverage on Bitcoin to a maximum of 2:1, depending on your account type. We encourage you to test how Bitcoin trading works on this broker’s risk-free demo account

TradingGuides Rating:
✔ Top tier forex and CFD broker
✔ Great selection of assets
4.5 rating
4.5
Risk Warning
69% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • Fast and responsive customer support that can be reached through phone, email, and live chat.
  • No minimum deposit is required to trade Bitcoin.
  • A wide range of educational and research tools to improve your Bitcoin trading skills.
  • Advanced trading platform that is highly customisable, with an intuitive user interface design.
Cons
  • Customer service is only available five days a week.

4. IG Markets – Bitcoin Broker with the Lowest Fees in the UK 

IG Markets official site
IG Markets desktop
IG Markets broker
IG Markets mobile
IG Markets
IG Markets official site
IG Markets desktop
IG Markets broker
IG Markets mobile
IG Markets

IG Markets is known to offer one of the lowest Bitcoin trading charges in the industry. Although other trading charges are relatively high, you still get to benefit from IG Markets because it provides you with high-quality charting tools and technical indicators for efficient market analysis. 

Another exceling factor for IG Markets is that you can trade Bitcoin CFD on all its trading platforms. It boasts of having excellent trading platforms that execute your trades fast and seamlessly and allow you to automate your trading activities

Ultimately, trading Bitcoin on IG Markets keeps you from taking ownership of the underlying assets. You also do not need a digital bitcoin wallet with this broker. Therefore, while IG Markets stands out as the best Bitcoin broker with the lowest fees, it is also a good option for frequent investors.

TradingGuides Rating:
✔ Extensive range of offerings
✔ Leading broker with low fees
3.8 rating
3.8
Risk Warning
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Pros
  • Regulated by the FCA.
  • Low Bitcoin spreads.
  • Plenty of tradable instruments.
  • Advanced trading platform that is fully customisable.
Cons
  • Customer service is only available five days a week.

Bitcoin Broker Vs Bitcoin Exchange

There are two ways in which you can trade Bitcoin, either through a Bitcoin broker or a Bitcoin exchange. While both serve Bitcoin traders, they vary in various ways, as highlighted below. 

A Bitcoin broker is a dealer that provides a platform where Bitcoin buyers and sellers with large Bitcoins can meet and trade. It acts as a mediator and is a more convenient Bitcoin trading method because it has a settlement period that is a lot faster. 

On the other hand, a Bitcoin exchange allows buyers and sellers to trade based on Bitcoin’s current market price. Simply put, a Bitcoin currency acts as a third party or a stock exchange and charges transaction costs. It is not convenient for large amounts, and so this is where it falls short.

Cryptocurrency Wallets for Long-Term Investments

When trading cryptocurrencies, it is essential to use a currency wallet that holds cryptocurrencies, like Bitcoin, especially if you are a long-term investor. You can use these wallets to receive, spend, and trade cryptocurrencies. 

That said, there are different types of cryptocurrency wallets that will secure your Bitcoin. Some of the most common ones include: 

Ledger

The ledger nano x and nano s are the best for securing the safety of your Bitcoin. You can plug them into your computer, USB, and bluetooth, making you take control of your trading activities.

Exodus

You can swap a variety of currencies using the exodus wallet, including Bitcoin. This software wallet is supported on all devices, including desktop and mobile. Its intuitive, user-friendly platform is easy to integrate through, making your experience worthwhile.

Mycelium

If you like QR-code-based payments and full control over private keys features, then Mycelium is the cryptocurrency wallet for you. This wallet can send Bitcoin to mobile phones, and it can also be installed for free, should you wish to get started. Additionally, it is well secured, and you can make transfers, payments, and exchange cryptocurrencies.

Trezor

This is another specialised wallet for cryptocurrency trading, including Bitcoin. It is a cold storage wallet specialising in cryptocurrencies and allows access to third-party exchanges. Although it charges high fees, it is loaded with plenty of resources for an improved trading experience.

How to Choose the Best Bitcoin Broker in the UK

You need to be over 18 years old to qualify as a Bitcoin trader in the UK. You also need to be knowledgeable and strategic to increase your chances of success. Additionally and most importantly, you will require a Bitcoin broker that complements your trading requirements. 

Before you create a trading account on any broker’s platform, it is essential to consider the following factors. Not only will these factors guide you to invest legally, but they will also assist you in making informed decisions.

A Bitcoin broker that complies with the regulations of the most stringent authorities globally is worth considering. They should be regulated by the Financial Conduct Authority in the UK. If they hold more than one license, it merely proves their credibility even further.

The best Bitcoin broker should have a trading platform that does not lag your trading activities. It should be fast, easy to use, and customisable. The platform should also work seamlessly on all devices, including mobile phones and tablets, helping you to keep track of your trading activities, anywhere, anytime.

One of the best things about our recommended brokers is that they offer plenty of market assets to choose from. These include forex, shares, commodities, cryptocurrencies, indices, futures, and more. Therefore, choose a broker with market assets that align with your trading requirements.

Bitcoin brokers in the UK have varying trading charges depending on the instruments they offer. Therefore, make sure that the broker you are choosing charges trading fees you can afford. That way, it will be convenient for you to invest in different markets, without exhausting your investment capital.

The best Bitcoin broker in the UK should allow different payment methods for efficient deposits and withdrawals. The most common modes of payments in Bitcoin brokers are debit/credit cards, bank transfers, and e-wallets. Therefore, choose a broker with payment methods that suit your convenience.

If you are new to a Bitcoin broker, we advise you to check the broker’s customer support. It should be reliable and responsive to your inquiries within a time frame that works best for your trading requirements. The customer service should also be accessible via phone, email, and live chat.

Demo accounts are essential tools to test and confirm if a Bitcoin broker matches your trading requirements. Although some brokers do not have demo accounts, they are still worth trying, especially if they are backed up with plenty of research and educational tools for an improved trading experience.

FAQs

How do you buy Bitcoin?

There are two ways in which you can buy Bitcoin. Either through a broker or Bitcoin exchange. Trading with a broker is the most preferred and efficient method because it not only allows you to trade Bitcoin using PayPal, but its settlement period is usually faster than the Bitcoin exchange.

Do I need a broker to trade Bitcoin?

Yes. Apart from using Bitcoin exchange, you can also trade Bitcoin using a broker. The brokers should be licensed and regulated by top-tier authorities, such as the Financial Conduct Authority (FCA).

Can Bitcoin be taxed?

Yes. In the UK, Bitcoin trading is considered federal property, and as such, the profits you make from Bitcoin trading must be subjected to capital gains tax.

Can I get Bitcoin for free?

Yes. Some brokers charge little or no Bitcoin trading commissions. With such brokers, you will be able to access the tradable markets and invest in Bitcoin, without additional charges.

Can Bitcoin be hacked?

Yes. There is a risk that Bitcoin can be hacked on a Bitcoin exchange. Therefore, we highly recommend trading with Bitcoin brokers that are licensed and regulated for your investment capital’s safety. Examples of such brokers are recommended above.

Can I cash out Bitcoin without paying taxes?

No. In the UK, Bitcoin trading is a personal investment, and during cash out, you are liable to taxation. However, traders in foreign countries are tax-exempt if they have been residing in the diaspora for over five years.

How do you buy Bitcoin?
Do I need a broker to trade Bitcoin?
Can Bitcoin be taxed?
Can I get Bitcoin for free?
Can Bitcoin be hacked?
Can I cash out Bitcoin without paying taxes?

Conclusion

Bitcoin trading can be risky because of its volatile prices. However, this volatility can be profitable if you apply the requisite strategy. Choosing a suitable broker also goes a long way in increasing your chances of successful trading. If you are lost for choice when it comes to a suitable Bitcoin broker, remember to consider our recommended ones above. We guarantee you that they are the best in the UK’s Bitcoin trading market. 

How we test?

Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.

The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.

Adam Jarfjord

is our leading content maker and head of the content department. For Adam, trading is not only a job but also a passion for more than 5 years. He has many years of experience in the financial sector and honestly admits that he is in love with his job.

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