How To Buy Cryptocurrency in the UK

Last updated 11th May 2022

While regulations in the UK regarding crypto have gone back and forth, buying cryptocurrencies in the UK is now easier than it was a few years ago.

In this article, we highlight the best brokers, what to consider, and the payment methods available to you.

Best Brokers To Buy Cryptocurrency in the UK in 2022

To save you time and effort, we have created a list of some of the best brokers.

Minimum Deposit
Exclusive Promotion
User Score
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Minimum Deposit
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User Score
Popular among traders
Fast system for trading
Popular for beginners
Minimum Deposit
Exclusive Promotion
User Score
Easy to use tool
High profit potential
Offers Phone Support
Minimum Deposit
Exclusive Promotion
User Score
36 cryptocurrencies and utility tokens available
Highly rated
Clear user interface
Minimum Deposit
Exclusive Promotion
User Score
Trade and invest in over 25 cryptocurrencies
Extremely simple user interface
Over 68 million customers
Your capital is at risk when using the above platforms

What Options Do I Have When Buying Cryptocurrency in the UK?

There are many different ways through which you can buy cryptocurrency in the UK.

Here are some of the options that you have:


Brokers connect you to the cryptocurrency market. However, they are the ones that set the price of the tokens you purchase through them. Their main point of appeal is that they feature simple user interfaces, where all you really need to do is just enter the amount of crypto you want to buy, select your preferred token, and just click on buy.

Brokers hold an advantage over other crypto platforms due to diverse trading options like Contract for differences(CFDs), Spread betting, copy trading, and futures. eToro and Coinbase are popular crypto brokers.


Exchanges allow you to buy, sell or trade cryptocurrencies. However, they are recommended for more experienced users as they feature advanced charting tools. Typically, they come with built-in cryptocurrency wallets that you can use to store your tokens.

P2P Marketplaces

Peer-to-peer marketplaces are the ones that connect you to other people that sell the specific cryptocurrency token you are looking for. This way, you are directly buying from another person.

Decentralized Exchanges

DEXs enable users to purchase and sell cryptocurrencies with one another without relying on a broker to do so.

Cryptocurrency ATMs

In specific areas of the world, there are crypto ATMs where you can insert cash into them, and in turn, you can scan a QR code in order to get cryptocurrencies onto your wallet.

How to Buy Cryptocurrency in the UK?

There are many ways through which you can buy cryptocurrency within the UK. To make this process a lot more streamlined for you, we have created a step-by-step guide that will walk you through the whole process.

Step 1: Find a cryptocurrency brokerage or exchange that meets your needs
Step 2: Sign up for an account and deposit some funds into that account.
Step 3: Make your cryptocurrency purchase order.

Where to Buy Cryptocurrency in the UK?

There are many brokerages and exchanges through which you can buy cryptocurrency in the UK. Here are some of the best options you can pick from.

For Beginners


Coinbase is one of the largest cryptocurrency exchanges in the world and was founded in 2012. It is fully regulated, and at its launch, primarily focused on Bitcoin before adding a lot more cryptocurrency tokens. It is known for its user-friendly interface.


Access to many altcoins through the exchange
Simple user interface
High level of liquidity


High fees when not using Coinbase Pro
Not for users that want external storage wallets


Binance is a reputable cryptocurrency exchange that was founded in 2017. It has support for numerous cryptocurrencies and its own software wallet known as the Trust Wallet. The platform is good for both skilled and inexperienced users.


Over 300 cryptocurrencies on offer
low trading fees
Huge community
Supports projects through the Binance Launchpad and the Binance Launchpool


Limited deposit options


Robinhood has become the platform of choice for new users because it has low fees, zero balance requirements to open an account, and an extremely simple-to-use interface.

That said, it has a limited range of offerings, and customers need to pay a monthly fee for using Robinhood Gold in order to trade on margin, view market data, or access in-depth research reports.


No minimum deposit
Streamlined user-interface
Cryptocurrency trading is made simple


Limited customer support
Best features are not free

For Experienced Users


eToro is a brokerage that was originally founded in 2007 and has millions of users. It is an excellent option for both new and experienced users that want to take advantage of its suite of trading tools. There are no management fees and it takes only a few minutes to get up and running.


Only charges for spreads
Supports copy trading
Fully regulated
Accepts many payment methods


Requires conversion of GBP to USD
Not much variety in terms of cryptocurrencies


Kraken is a cryptocurrency exchange that has low fees and a wide selection of tokens to choose from. It is an exchange that provides access to popular trading features such as margin, and as such is a platform of choice for experienced traders.


High level of security
Advanced Trading Features
Low Fees


Not beginner-friendly
Requires ID verification


Bittrex is an online cryptocurrency exchange that offers access to hundreds of cryptocurrency tokens and has a high level of liquidity. It was founded in 2014 and has over half a million active monthly users.


Low account minimum
Over 100 tokens to choose from
Many trading pairs on offer
Two-factor authentication


Limited customer support
No leveraged trading

What to Consider When Buying Cryptocurrency in the UK?

Here are the things you need to take into consideration when buying cryptocurrencies in the UK.

  • Volatility – Cryptocurrencies are highly volatile. This means that their price can swing dramatically in a short period of time. You should never invest more than you are willing to lose in cryptocurrencies as a result of this.

  • Security – Every cryptocurrency platform will have security features in place. Ensure that you find one which offers the best security features, such as SSL encryption, two-factor authentication (2FA), and even cold storage functionality.

  • Fees – Many cryptocurrency brokerages and exchanges will charge you fees when you buy or sell a cryptocurrency. As such, you will need to conduct some research to figure out which one best suits your needs.

  • Availability – Not all altcoins are available on all exchanges. As such you may need to first determine which platforms offer the specific coin you are looking for.

  • Transactions Cannot Be Reversed – Once a cryptocurrency transaction gets recorded on the blockchain or digital ledger, there is no way for it to be reversed. Ensure that you are always typing in the correct wallet address and double or triple-check everything.

  • Regulation – You should ensure that you are using a regulated cryptocurrency brokerage, specifically in the UK. This way, you know you are better protected if something goes wrong.

  • Privacy – Some platforms may require you to fill out KYC (know-your-customer) forms for regulation purposes. This process will usually involve you sending identification documentation to the companies. For the highest level of privacy, you might want to use decentralized exchanges, however, keep in mind that they have a higher level of risk associated with them as well.

What Payment Methods Can I Use to Buy Cryptocurrency in the UK?

There are many payment methods through which you can buy cryptocurrencies.

These options are generally the same for all countries where cryptocurrencies are permitted.

Credit Cards and Debit Cards

You can purchase cryptocurrencies in the UK with a credit or a debit card on most platforms. Ensure the website you are using is legitimate and deposit and withdrawal fees are something to consider.


You can also use most e-wallets, the most popular option being PayPal in this case. They are convenient as they offer two-factor authentication.

Cryptocurrency Wallets

Some cryptocurrency wallets have a built-in exchange where you can use your existing coins to buy other cryptos. Although, there will generally be fewer coins available to purchase through this option.

Final Thoughts

Buying cryptocurrencies in the UK is a really simple process that anyone can understand and get involved with, even those entering the world of cryptocurrencies for the first time.

You can choose from many options, and hopefully, this page has helped you to pick the right platforms for your needs.

Please ensure that you are familiar with all of the security procedures and that you only invest with money you can afford to lose.


Do I need to pay tax on crypto in the UK?
Are there crypto ATMs in the UK?
Can you buy crypto without an ID in the UK?

Danny Maiorca

Danny Maiorca

Danny is a freelance writer specialising in technology and finance. Prior to working for himself, he spent several years working within those sectors in London. Since then, Danny has relocated to Denmark.