Best Bitcoin Trading Platforms in the UK November 2024

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Diving into the thrilling world of Bitcoin trading demands not just guts but the right tools and platforms. With its roller-coaster ride of gains and losses, mastering the art of Bitcoin trading requires a solid strategy and an impeccable trading platform. Amidst the plethora of options saturating the UK market, selecting the perfect platform can feel like finding a needle in a haystack.

Fear not! We’re here to be your compass in this sea of choices. Our mission? To handpick and present the crème de la crème of Bitcoin trading platforms in the UK for 2024. Remember, the ideal platform isn’t just about popularity; it’s about finding the one that resonates with your expertise and caters to your trading aspirations. So, buckle up and explore the curated options below and more information for informed decisions.

Essence

  • Forex trading involves buying and selling currencies on the foreign exchange market to profit from currency exchange rate fluctuations.
  • The best forex broker UK should be FCA-regulated for security.
  • Look for UK forex brokers offering diverse assets for portfolio growth.
  • Research user reviews to assess reliability and satisfaction.
  • Quality learning and research tools are crucial in forex trading.
  • Your broker choice shapes your trading success; choose wisely for your goals.

List of the Best Bitcoin Trading Platforms in the UK 2024

  • eToro – Overall Best Bitcoin Trading Platform*
  • Coinbase – Cheapest Bitcoin Trading Platform in the UK
  • Kraken – Best Bitcoin Trading Platform for Newbies in the UK
  • Crypto.com – Best Bitcoin Mobile Trading Platform
  • Gemini – Best Bitcoin Trading Platform For Professional Traders
  • Revolut – Best Bitcoin Trading Platform With no Minimum Deposit Requirement

*Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Compare the Best Bitcoin Trading Platforms in the UK

Dedicated to empowering your journey into the world of Bitcoin trading, we present below a comprehensive comparison of the leading Bitcoin trading platforms. Our diligent evaluation stems from meticulous research and analysis, aiming to help you uncover the unique features and offerings of each platform.

Best Bitcoin Trading PlatformExchange TypeSupport ServicePriceSupported CoinsDigital Wallet
eToroDecentralisedPhone, Email, Live ChatFree+30Yes
CoinbaseCentralisedPhone, Email, and TwitterFree+200Yes
KrakenCentralisedEmail, phone, live ChatFree+200Yes
Crypto.comDecentralisedPhone, Email, Live ChatFree+250Yes
GeminiCentralisedEmail, Live ChatFree+80Yes
RevolutDecentralisedPhone, Email, Live ChatFree+120No

In the dynamic world of Bitcoin trading, understanding the fee structures and available assets on the best bitcoin trading platform is crucial for making informed decisions. To aid in this, we’ve meticulously researched and compiled comprehensive tables highlighting the fees and assets offered by our recommended Bitcoin trading platforms in the UK for 2024.

Fees

Best Bitcoin Trading PlatformFeesMinimum Deposit RequirementTransactionInactivity
eToroFrom 2 pips$100$5 withdrawal$10 monthly
CoinbaseFrom $0.99From £1FreeNone
KrakenFrom 0.16%£10FreeNone
Crypto.comFrom 0.04%From £1FreeFree
GeminiFrom 0.4%£0From 2.5%Free
RevolutCommission from 0.49%£0Free Withdrawals£0

Assets

Best Bitcoin Trading PlatformEthereumLitecoinRippleTetherDogecoinSolana
eToroYesYesYesYesYesYes
CoinbaseYesYesYesYesYesYes
KrakenYesYesYesYesYesYes
Crypto.comYesYesYesYesYesYes
GeminiYesYesYesYesYesYes
RevolutYesYesYesYesYesYes

Our Opinion & Overview of the Best Bitcoin Trading Platforms in the UK

Discovering the ideal Bitcoin trading platform UK is key to navigating the cryptocurrency market. Through our hands-on exploration and analysis, we present our user-based reviews of the leading Bitcoin trading platforms available in the UK. Our concise evaluations aim to guide traders of all levels in making informed decisions. 

1. eToro – Overall Best Bitcoin Trading Platform

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After thorough testing and analysis, we found eToro to be the ultimate choice for Bitcoin trading. Our experience using the platform was exceptional due to its user-friendly interface and intuitive design, making it effortless for traders of all levels. Beyond Bitcoin, the access to over 30 altcoins*, including Ethereum, Litecoin, Ripple, and more, provided diverse trading opportunities.

For beginners, eToro’s abundance of learning resources, such as guides, articles, webinars, and seminars, will help you boost your skills. 

We also like the inclusion of a social trading platform, which enables interactions with fellow Bitcoin traders. Moreover, eToro’s copy trading platform allows users to mirror expert positions, leading to potential profits. Another added advantage is the availability of a £100,000 demo account, which allows users to test strategies risk-free. In our opinion, eToro deserves a 5-star rating.

*Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro Review
TradingGuides Rating:
✔Copy/Social trading
✔Low minimum to fund an account and begin investing
{etoroCFDrisk}% of retail CFD accounts lose money
Pros & Cons
Fees
Trading Assets
Pros
  • Low minimum deposit requirement
  • In-built hot/software Bitcoin wallet
  • Social and copy trading platforms for maximum experience
  • Excellent Bitcoin trading resources
  • Availability of Bitcoin and over 30 altcoins to choose from
Cons
  • Charges withdrawal fee
  • Bitcoin charges might seem high for budget-conscious traders

Types Fee
Minimum Deposit $100
Conversion Fee depends on your payment method, currency, and eToro Club level.
Overnight Fee vary according to the value and direction (BUY or SELL) of your position
Withdrawal Fee all withdrawal requests are subject to a $5 USD fee
Inactivity Fee monthly inactivity fee of $10 USD (charged after 12 months)

  • Stocks – there is a total of 800 stocks offered ranging from the biggest tech businesses in the U.S. to smaller companies from all over the world. Stock trading is always commission-free with eToro.
  • Cryptocurrencies – being one of the first brokers to jump on the cryptocurrency bandwagon, it comes as no surprise that eToro dominates this segment. With more than 20 coins and a number of cryptocurrency pairs, there is enough for all crypto traders.
  • Currency Pairs – in the early days, eToro was just another FX broker and even though they’ve developed since, the broker has stayed true to its roots. As a trader, you can choose between 49 currency pairs ranging from majors and minors to a few exotic ones.
  • Long-Term Investments – unlike many online brokers, eToro is also suitable for long-term investments. For example, their investment portfolios are a great way to diversify your portfolio and limit risk.
  • Additional assets – in addition to the above, eToro provides access to commodities, indices, and ETFs as CFDs. There is also a range of unique assets such as Crypto Portfolios that are only offered by eToro. This means that you can create a diverse portfolio with ease.

Read about How to Open a Bitcoin Account in our other guide.

2. Coinbase – Cheapest Bitcoin Trading Platform in the UK

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From our analysis and firsthand experience, Coinbase emerges as a standout choice for Bitcoin trading in the UK. Our journey with this user-friendly exchange revealed a seamless platform catering to over 98 million users globally. Established in 2012, Coinbase prioritises security, employing robust encryption to safeguard users’ Bitcoin holdings. Exploring Coinbase’s Advanced Trade platform unveiled a unique advantage – direct dealing with the order book, negating spreads for Bitcoin trades.

What impressed us the most was the extensive range of assets available, including Bitcoin, Ethereum, Ripple, Dash, Litecoin, Bitcoin Cash, and more. Setting up an account was hassle-free, requiring no minimum deposit with low commissions. Its beginner-friendly interface, coupled with a wealth of learning resources, added immense value to our experience. Moreover, the comprehensive insurance policy covering users’ crypto assets further solidified our trust in the platform’s security measures. Coinbase’s exceptional offerings and commitment to user security led us to award it a well-deserved 5-star rating.

Coinbase Review 2024
TradingGuides Rating:
✔Highly secure
✔Inbuilt cryptocurrency wallet
Pros & Cons
Fees
Trading Assets
Pros
  • In-built cold/hardware Bitcoin wallet Backed up by a comprehensive insurance policy
  • No minimum deposit requirement
  • Low commission and spreads
  • Enjoy opportunities to earn additional cryptos while trading Bitcoin
  • Safe and secure with no hacking history
Cons
  • Bitcoin traders pay more for lower account balances
  • You can only trade Bitcoin and other cryptocurrencies. No additional markets like forex, stocks, etc., are offered

Type Fee
Minimum deposit $2
Transaction fee 1%
Credit transactions 2%
Inactivity fee Free
Maker fee Yes
Taker fee Yes

Coinbase hosts hundreds of thousands of assets and below is a list of the top digital assets to access on the exchange:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Polkadot (DOT)
  • Cardano (ADA)
  • Tether (USDT)
  • USD Coin (USDC)
  • Litecoin (LTC)
  • Shiba Inu (SHIB)
  • SushiSwap (SUSHI)
  • Solana (SOL)
  • Dogecoin (DOGE)
  • Uniswap (UNI)
  • Algorand (ALGO)
  • Dai (DAI)
  • Stellar Lumens (XLM)
  • Polygon (MATIC)

3. Kraken – Best Bitcoin Trading Platform for Newbies in the UK

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In our extensive market research, Kraken emerged as a premier platform for beginners venturing into Bitcoin trading. Its user-friendly interface provides a seamless and secure experience, ideal for novice traders. Beyond Bitcoin, the availability of 200+ cryptocurrencies ensures diversified trading options, catering to various skill levels.

Kraken’s robust security measures, including two-factor authentication and cold storage of funds, instilled confidence in us while exploring it. The platform’s responsive customer support and a wealth of educational resources are valuable assets for newbies seeking to enhance their trading knowledge. However, limited payment options and a somewhat intricate fee structure were noted as drawbacks. These and more led us to rate Kraken at 4.5 stars.

Kraken Review 2024
TradingGuides Rating:
✔ Learn Center for learning about all things crypto
✔ 24/7/365 on LiveChat or by email
Pros & Cons
Fees
Trading Assets
Pros
  • User-friendly and intuitive design platform
  • Additional 200+ Cryptocurrencies for portfolio diversification
  • Robust security features, including two-factor authentication and cold storage of funds.
  • Valuable educational resources, including articles, guides, webinars, and more to help newbies enhance their trading knowledge
Cons
  • Limited payment options compared to other platforms.
  • The fee structure on Kraken can be somewhat complicated, with fees varying based on trading volume and other factors, which might confuse some users

Type Fee
Minimum deposit £10
Transaction fee 0.5% for bank transfers and 3.75% + 0.25 cents for cards and e-wallets
Maker fee 0.26%
Taker fee  Between £0-$50,000

Cryptocurrency traders and investors will have access to over 100 cryptocurrencies when using Kraken crypto exchange. Some of the featured crypto assets to build your portfolio with include:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Bitcoin Cash
  • Dogecoin
  • Solana, etc.

4. Crypto.com – Best Bitcoin Mobile Trading Platform

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Crypto.com stood out to us as an exceptional mobile trading platform, especially for users eager to delve into Bitcoin trading on the go. Its sleek and user-friendly mobile app facilitates seamless trading experiences. With over 21 cryptocurrencies available for investment and the convenience of purchasing Bitcoin with fiat currencies, Crypto.com simplifies the onboarding process.

We also appreciate the platform’s security features and the opportunities for staking and earning. However, the lack of extensive learning resources and phone support were slight downsides in our opinion. Regardless of this pitfall, we believe Crypto.com still deserves a 5-star rating, primarily due to its accessibility, versatility, and comprehensive suite of features for UK Bitcoin traders.

Crypto.com Review 2024
TradingGuides Rating:
✔Purchase newly-listed tokens at up to 50% off
✔Earn daily rewards on your balance, no lock-up period
Pros & Cons
Fees
Trading Assets
Pros
  • A highly secured and regulated Bitcoin trading app for iOS and Android users
  • Features a Visa card with 5% money back on all expenditures
  • In-built De-Fi wallet
  • Allows users to buy Bitcoin and other cryptocurrencies with fiat currencies, simplifying the initial investment process
Cons
  • Limited learning resources compared to its peers
  • No phone support

Type Fee
Minimum deposit £1
Deposit fee No
Withdrawal fee Depending on the crypto you trade
Maker fee 0.04 – 0.20%
Taker fee  0.10 – 0.20%
Inactivity fee £5

The most popular crypto:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Cronos (CRO)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Polkadot (DOT)

5. Gemini – Best Bitcoin Trading Platform For Professional Traders

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Our exploration of Gemini revealed a platform catering specifically to professional traders. With over 80 crypto tokens, including Bitcoin and more, Gemini facilitates portfolio diversification. Moreover, its ActiveTrader platform provides advanced tools for expert traders, allowing for efficient trade execution.

Gemini’s crypto derivatives trading and reliable 24/7 support service were impressive during our time with it. However, the platform lacked extensive learning resources and phone support. Despite these drawbacks, Gemini’s advanced trading resources and encrypted platform warranted a 4-star rating based on our user-centric analysis.

Gemini Review 2024
TradingGuides Rating:
✔ Industry-leading broker
✔ 20+ supported digital currencies
Pros & Cons
Fees
Trading Assets
Pros
  • Availability of advanced trading resources on its ActiveTrader platform
  • A highly secured and encrypted trading platform
  • In-built De-Fi wallet
  • Allows users to buy Bitcoin and other cryptocurrencies with fiat currencies, simplifying the initial investment process
Cons
  • Limited learning resources compared to its peers
  • No phone support

Type Fees
Bank Account 1.49%
Wallet 1.49%
Debit/Credit Cards 3.49%
ACH Transfer Free
Wire Transfer Free
Crypto Conversion 1.49%
Trades Fee of $0.99 to $2.99 based on the amount or 1.49% for trades over $200

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Dogecoin (DOGE)
  • Gemini Dollar (GUSD)
  • Solana (SOL)
  • Cardano (ADA)
  • USD Coin (USDC)
  • Terra (LUNA)
  • Uniswap (UNI)

6. Revolut – Best Bitcoin Trading Platform With no Minimum Deposit Requirement

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We tested Revolut and one of the elements that got us impressed is the absence of a minimum deposit requirement. This key feature sets the stage for accessibility, allowing even those with limited capital to effortlessly embark on their cryptocurrency journey. Beyond Bitcoin, this platform grants users access to over 100 crypto tokens, all conveniently tradable using GBP and an additional 30+ global currencies. This diverse offering ensures users can explore the full spectrum of cryptocurrency investments without restrictions.

We also like Revolut’s unwavering commitment to security. The platform employs robust cold storage mechanisms to safeguard users’ digital assets, providing peace of mind in an ever-evolving digital landscape. In addition, users get to enjoy a multitude of payment options, enabling seamless funding and withdrawals. And when you make payments using its Revolut Metal card, you receive a perk of 1% cashback. From our user-centric exploration, we give Revolut a 3.1-star rating.

Revolut Review 2024
TradingGuides Rating:
✔ Commission-free stock trading
✔ Virtual bank account
Pros & Cons
Fees
Trading Assets
Pros
  • Low Bitcoin trading fees
  • Compatible with desktop and mobile devices
  • Features a Revolut Metal card with excellent benefits
  • A user-friendly and intuitive design platform
Cons
  • Limited crypto tokens compared to its peers
  • Limited payment options

Type Fee
Minimum deposit £0
Withdrawal fee £0
Deposit fee up to $4.95
Inactivity fee £0
Custody fee 0.12%
US stock trading Low
Gold trading 0.25% markup during market hours 1% markup during non-market
Crypto trading 1.5% markup on bid or ask price

Payment Method Commission
UK consumer cards 1% + £0.20
All International and commercial cards 2.8% + £0.20
Revolut Pay 1% + £0.20
Easy Bank Transfer 1% + £0.20

What do Other Traders Say?

In our pursuit of providing comprehensive insights into the best Bitcoin trading platforms, we delved into the experiences and testimonials shared by fellow traders across Google Play, the App Store, and Trustpilot. This additional research aims to offer unbiased and diverse perspectives, allowing you to gain a thorough understanding of the strengths and weaknesses inherent in each platform. Here’s a glimpse into what other users had to say about their experiences with these leading Bitcoin trading platforms in the UK.

1. eToro

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Users praise eToro for its user-friendly interface, social trading features, and the ability to copy experienced traders. They also appreciate the diverse range of cryptocurrencies and additional assets available for trading.

  • “Good reliable platform for investing in various asset classes and also for day trading. The assigned RMs are proactive and available to give guidance as needed. The RM follows up until the query is resolved.” – Ankit

  • “Really I think it is amazing app” – AmirFerdos

2. Coinbase

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Many user testimonials for Coinbase consistently highlight its user-friendly interface and robust security measures. Others appreciate Coinbase’s extensive range of supported cryptocurrencies and reliable support service.

  • “Amazing app. I have little to no money, and so this app allows me to play about 10 different games So I can build my crypto portfolio slowly . It’s getting there. As well as no trading fees. Quick and easy transactions. Giveaways all the time. Over all it’s awesome.” – James Harris

  • “Best crypto wallet I’ve come across! And Coinbase one is definitely worth the monthly subscription fee! (Especially if you move or use crypto frequently) it will save you hundreds literally in fees!” – Tamara Beltran

3. Kraken

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Kraken users laud its intuitive platform, boasting a comprehensive array of cryptocurrencies beyond Bitcoin. The platform’s commitment to security, highlighted by features like two-factor authentication and secure cold storage, instils trust among traders.

  • “Kraken has a simple but secure verification system. The interface is hard to learn at first(Loading card etc) Once understood it works really well. Easy to transact and move items to my metamask and buying other Crypto” – Delaney Chikwaya

  • “App is always up. Doesn’t try to force Authenticator apps on me like uphold did and none of which worked. Processes transactions lightning quick. Withdrawals to cold wallet work fine. App has never once crashed on me. ” – TonyB2011

4. Crypto.com

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Enthusiastic Crypto.com users rave about its mobile app, applauding its seamless interface and user-friendliness. The platform’s diverse range of cryptocurrencies and its unique staking and earning functionalities receive glowing reviews for enhancing the overall trading experience.

  • “This app holds relevant features that make me love it and get inspired. It embedds a number of crypto that are not found in some other wallets. Easy to run and control. I credit the same app with a rate of 5 stars.” – Charles Rutabanzibwa

  • “been great so far. sent an etransfer the other day and it didn’t show up. messaged support and got it taking care of in 5 mins. really impressed.” – Josh Vandendort

5. Gemini

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Gemini users highly value the platform’s ActiveTrader resources, offering advanced tools for trading. Its robust encryption protocols and swift trade execution reliability resonate well within the user community.

  • “Simple, easy to use interface. Fantastic customer support. Crypto Rewards on every credit card purchase too!” – Michael M.

  • “Gemini credit card offers 3% back in the shape of any of your preferred crypto. it’s nice to know I can make money back in the shape of an investment. I mean who needs an IRA when you have a revolutionary concept like the Gemini Crypto back credit card.” – StrawHat Baka.

6. Revolut

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Revolut earns praise from users for its accessibility, notably due to its absence of a minimum deposit requirement. The platform’s versatile payment options and rigorous security measures contribute significantly to its positive user feedback.

  • “Revolut ease of use, easy payment to other members is great. Visibility of all transactions as far back as you wish is also great. Receiving money and messaging option is convenient and easy. Other options for investments though I don’t use much are also properly presented. Overall great App.” – Lino Busuttil

  • “Afrer years of using it, Revolut is still going strong. I love the recent app upgrade, much more intuitive and well thought out. Not travelling abroad without it, just setting default payment in Wallet to Revolut card the moment I cross the border.” – Michal T

Read also about How to Buy Bitcoin with PayPal? Easy Guide for Traders and Best Bitcoin Wallets in the UK in our other articles.

The Ultimate Guide About Bitcoin* Trading

BEWARE OF SCAMS

When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments. 

Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.

Having explored the top-tier Bitcoin trading platforms, we aim to equip you with comprehensive knowledge to embark on your investment journey. For this reason, we have prepared the sections below that encompass essential facets of Bitcoin trading. From initial steps in getting started to storing Bitcoin in a digital wallet, these sections are curated to empower your understanding and decision-making in the world of Bitcoin trading.

*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

How to Start Working with a Bitcoin Trading Platform

Entering the world of Bitcoin trading necessitates a structured approach. Below are five key steps to commence your journey confidently and securely within a Bitcoin trading platform.

Step 1: Research and Select the Right Platform
Step 2: Registration and Account Setup
Step 3: Account Verification and Security Measures
Step 4: Fund Your Account
Step 5: Navigate the Platform and Initiate Trades

Begin by thoroughly researching reputable Bitcoin trading platforms like the ones we recommend above. Consider essential factors such as security protocols, available cryptocurrencies for trading, transaction fees, and more. Most importantly, prioritise those compatible with mobile devices for seamless activity management on the go. 

Visit the selected platform’s official website or download its dedicated application. Register by providing essential details, including your email address, chosen username, and more. Some platforms might also require you to create a unique username and password for an added layer of security.

Upon registration, complete the account verification/KYC process as prompted by the platform. This typically involves submitting identification documents like a driver’s licence or passport to verify your identity. To enhance account security, consider enabling two-factor authentication (2FA), linking your account to a mobile device for an added layer of protection against unauthorised access.

Deposit funds into your trading account using available methods, such as bank transfers, credit/debit cards, or other cryptocurrencies. Take note of any minimum deposit requirements and familiarise yourself with the platform’s deposit and withdrawal procedures, including processing times and associated fees.

Familiarise yourself with the platform’s user interface, trading tools, and features. Utilise demo accounts or virtual funds if provided to practise trading without risking actual capital. Begin trading by selecting the desired cryptocurrency pair, specifying trade details (e.g., market or limit orders), and paying attention to trading fees associated with each transaction.

How to Choose the Right Bitcoin Trading Platform

While we’ve recommended the top Bitcoin trading platforms in the UK above, we recognise that individual trader needs and preferences vary. In some cases, traders may seek platforms beyond those listed. To aid in this process, we’ll guide you through essential factors to consider when selecting the best Bitcoin platform UK. This comprehensive checklist aims to streamline your research, making the decision-making process less daunting and more efficient.

Prioritise Bitcoin trading platforms regulated by recognised financial authorities, including the FCA and more. Check for security protocols such as encryption methods, two-factor authentication (2FA), and insurance coverage against potential cyber threats or theft. Platforms with a robust security infrastructure offer greater peace of mind regarding the safety of your funds.

Evaluate the fee system of each platform, including trading fees, deposit/withdrawal fees, and any hidden charges. Some Bitcoin trading platforms may offer competitive fee structures or discounts for high-volume traders. Ensure transparency in fee disclosures to prevent surprises in transaction costs.

Naturally, selecting a trading platform that includes Bitcoin is pivotal. However, it’s prudent to ensure the platform not only supports Bitcoin but also offers a broad spectrum of additional securities. This encompasses a variety of cryptocurrencies, stocks, forex, commodities, among others. Access to a diverse range of assets facilitates portfolio diversification, thereby mitigating certain trading risks. Moreover, it allows exploration of alternative markets, potentially uncovering profitable trading opportunities beyond Bitcoin.

Opting for a reliable Bitcoin trading platform is crucial for maintaining peace of mind and focusing entirely on skill enhancement and strategic development. Reliability encompasses swift trade execution, especially for short-term positions, ensuring you never miss potential opportunities. Additionally, a user-friendly interface, comprehensive trading resources, and prompt, responsive customer support are essential components of a reliable platform, fostering a conducive trading environment.

Opt for Bitcoin trading platforms offering demo accounts or virtual trading features. These tools allow you to practise trading strategies and familiarise yourself with the platform’s functionalities without risking actual funds. A demo account is an invaluable resource for beginners to gain confidence and experience before engaging in live trading.

How to Store Bitcoin with Digital Wallet

Storing Bitcoin securely involves utilising a dependable digital wallet. These wallets come in various forms, such as hot wallets (online) and cold wallets (offline), each with distinct features regarding accessibility and security. When choosing a wallet, prioritise reputable options known for their robust security measures and user-friendly interfaces. Consider factors like the ability to control private keys, encryption features, and backup and recovery options.

Once you’ve selected a suitable wallet, follow the steps to set it up. Download the wallet from the official source and complete the installation process. During setup, the wallet typically generates a recovery phrase or seed – a crucial piece of information. Safeguard this recovery phrase securely, as it serves as your access key to restore the wallet or recover your Bitcoin in case of loss or failure.

Implementing best practices is essential for maintaining the security of your stored Bitcoin. Enable all available security features provided by the wallet, including two-factor authentication (2FA) or biometric authentication if available. Regularly backup your wallet’s private keys or recovery phrase and store them offline in multiple secure locations. For significant Bitcoin holdings, consider using hardware wallets, offering heightened security by storing private keys offline.

Adhering to these practices ensures the safety of your Bitcoin holdings. Remember to monitor your wallet regularly for any suspicious activity and keep the software updated to benefit from the latest security features.

FAQs

How do I start Bitcoin trading for beginners?

Bitcoin trading is lucrative but risky. So if you are not keen, you will keep losing your money on the activity. To get started with Bitcoin trading, equip yourself with proper knowledge regarding the crypto market. Also, know how to conduct market analysis to develop solid Bitcoin trading strategies. Most importantly, trade with the best Bitcoin broker meeting all your trading requirements. Luckily, we recommend the top 5 Bitcoin trading platforms above to choose from.

Can I trade bitcoin on my own?

No. Trading Bitcoin on your own is impossible, and you need a Bitcoin trading platform, whether a broker or a cryptocurrency exchange. The activity might seem complicated, but it’s easy when you are fully knowledgeable of how it works. Simply create a trading account on a platform of your choice to trade.

How much does it cost to start Bitcoin trading?

You can start Bitcoin trading with as little as $10 as long as you use a trading platform with a low or no minimum deposit requirement. The above trading platforms not only allow buying and selling of Bitcoin but also trading of the asset as CFD.

How do I convert bitcoins to cash?

Many Bitcoin trading platforms like the ones we recommend above allow you to convert Bitcoins into cash before making a withdrawal. The platforms support various fiat currencies, including the USD, GBP, EUR, AUD, etc. Also, you can sell your Bitcoins for cash.

Can I buy Bitcoin and sell next day?

Absolutely. While most traders prefer buying Bitcoin and holding it until its value increases, you can buy the asset and sell it the next day. However, you must thoroughly analyse the market and sell Bitcoin when you believe you will earn profits.

How long after buying Bitcoin can I sell?

You can buy and sell Bitcoin and altcoins as many times as you want during the same day and earn profits. However, ensure you thoroughly create the best strategy before diving into this venture. Also, choose the best Bitcoin trading platform like those we recommend above.

Conclusion

In the landscape of UK Bitcoin trading, the platforms we endorse above offer a paramount advantage by providing secure, in-built wallets for asset storage. The assurance of robust encryption within these platforms nullifies the necessity for external storage solutions, guaranteeing maximum safety. Besides buying Bitcoin, you can also trade the asset as CFDs or invest in its shares. However, conduct extensive research and create solid strategies for increased profit potential. By applying these insights and following our guide above, it will only be a matter of time before you start reaping the benefits of your efforts. 

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.

Thadeus Geodfrey logo
Thadeus Geodfrey

Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.

His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.

3 Replies to “Best Bitcoin Trading Platforms in the UK”

  • Alex M says:

    The article on the best Bitcoin trading platforms is highly informative. I learned how to avoid scams by choosing reliable brokers and refreshed my knowledge of essential features when selecting a trading platform. Recommendations on security, fees, and assets were particularly helpful. A great read for those looking to step into the world of Bitcoin trading.

  • Ethan Mitchell says:

    I was on a quest to find clear and straightforward answers to my questions about getting started with Bitcoin trading. This guide not only provided a curated list of the best trading platforms but also walked me through essential steps and considerations. The emphasis on security measures and the reminder to beware of scams were particularly insightful. The step-by-step process for setting up a digital wallet and securing Bitcoin. I now feel equipped to navigate the world of Bitcoin trading confidently. This article was a 100% helpful and valuable resource for a beginner like me.Thanks to the TradingGuide team.

  • Lucas Silva says:

    I've been looking for reliable advice on safely storing bitcoins for a while. This article clearly explains the differences between hot and cold wallets and emphasizes the importance of two-factor authentication. Very informative and easy to understand.

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