8 Best Apps to Trade Crypto in the UK
Purchasing, selling, and investing in digital assets has become thrilling as trading apps transform the Bitcoin transaction scenario. The top cryptocurrency apps in the UK let you easily track your assets from anywhere and assist trading. A dependable smartphone and a steady internet connection are all that are needed. This article will explore the 8 best apps to trade in the UK.
What factors should you consider when choosing the best crypto apps?
Picking the top cryptocurrency app in the UK will mostly depend on your objectives and level of trading expertise, but there are five essential elements to take into account:
1. Simple to use
If you are new to trading in the UK, you will need a user-friendly cryptocurrency app. Having one is essential, as novices often need help navigating cryptocurrency programs. To prevent costly mistakes, ensure the app contains features you can grasp.
2. Compatibility
The majority of cryptocurrency apps work best on iOS and Android smartphones. However, to prevent difficulties and glitches, reviewing the app’s operating system requirements in the store is advisable before downloading. Verify that your device satisfies the app’s minimum requirements.
3. Supported cryptocurrency assets
Most exchanges will allow users to trade popular cryptocurrencies like Ethereum and Bitcoin. However, you will need an exchange that provides that particular set of coins if you want to trade them.
4. Security
Ensure the crypto app has excellent security measures to protect your funds and privacy. Before downloading any apps, read customer reviews and safety ratings to see whether the exchange has ever experienced a hack. Select applications with extra security features like encryption, 2FA, and biometric login.
5. Fees
One strategy to reduce expenses and increase earnings is to use applications with lower fees and commissions. Check the exchange’s deposit and withdrawal fees to ensure they align with your objectives.
8 Best Apps to Trade in the UK
1. Coinbase
With its advanced trading interface, Coinbase aims to close the gap with more advanced platforms, such as live order books, watchlists, and advanced candlestick charting with some basic overlays and technical indicators.Coinbase provides a debit card that works with Visa, enabling customers to access and use their USDC and cryptocurrency holdings.Web3 is the umbrella term for the rapidly growing decentralized apps (dApps) field. Its carefully selected dApps span nine blockchains, including Ethereum, Base, Polygon, and Solana.Most of Coinbase’s assets are already stored in offline cryptocurrency wallets, as the company already uses cold storage.A learning game that uses quizzes and video tutorials to teach users about various digital assets in exchange for cryptocurrency prizes.You can get passive revenue by staking supported cryptocurrencies such as Cardano, Ethereum, and Solana. Nonetheless, it’s important to note the rather steep 25% commission on yields.The taker fee is considered to be between 0.05% and 0.60%, and a taker fee of between 0.00% and 0.40%.You can download the Coinbase app from the Apple App Store and Google Play store.
2. etoro
With the TradingView-powered eToro interface, customers may trade more than 240 cryptocurrencies.Furthermore, users can choose from stock CFDs, stock options, and over 400 ETFs.Users can set up Smart Portfolios to automatically invest in pre-built investment portfolios composed of equities and exchange-traded funds (ETFs).Every portfolio has a unique investment plan; many are pre-built by etoro or its partners, while others are created by other eToro users.With a $100,000 cryptocurrency trial trading account, prospective users can familiarise themselves with the site’s offerings, functionalities, and user interface.The only way to withdraw bitcoin from the platform is through the crypto wallet, an eToro mobile app feature.Additionally, eToro allows fractional stock purchases. Purchasing a portion of a share or a half is an option based on your desired investment amount.etoro facilitates forex trading by offering up to 30x leverage on major trading pairs like EUR/USD and GBP/USD and up to 20x leverage on minor trading pairs.Download the eToro app on your Android or iOS devices from the Google Play Store and Apple App Store.
3. Kraken
Kraken is a reputable company and one of the top cryptocurrency exchanges in the United Kingdom. It was established in 2011 and started providing cryptocurrency services in 2013.
Users may earn up to 23% in staking rewards by staking Proof-of-Stake cryptocurrency assets in Kraken’s dedicated area.Users may find all they need to navigate the bizarre world of cryptocurrencies in the Kraken Learn area. Not only are the tips, videos, and articles tailored to Kraken, but they may also be helpful for anybody pursuing a cryptocurrency career.Kraken Pro is made for traders who want access to advanced trading tools and capabilities, and the related app is appropriate for trading while on the road.One of the few exchanges that facilitates KSM and DOT parachain auctions, Kraken is a significant draw for Polkadot ecosystem enthusiasts.With leverage that varies for every pair, Kraken provides margin trading for more than 100 pairings and futures trading.In addition, Find and download the Kraken app from the Google Play Store and Apple Play Store.
4. CEX.io
CEX.IO has been a reliable Bitcoin exchange with a strong reputation throughout its years of functioning.CEX.IO supports four fiat currencies: US dollars (USD), British pounds (GBP), Russian rubles (RUB), and euros (EUR).In addition to buying, customers may sell bitcoins on CEX.IO to credit or debit cards.CEX.io allows trading with leverage up to 100 times on their margin platform.Forex pair trading is also available on CEX.IO Broker. Fiat currency pairings such as EUR/USD, EUR/GBP, EUR/JPY, USD/JPY, USD/RUB, GBP/USD, and GBP/JPY are recognized. There is a range of 2x to 100x available leverage.Not content with being a basic Bitcoin exchange, CEX.IO also provides loans and other financial products, like cryptocurrency staking. In your CEX.io wallet, you may earn daily interest on any stackable digital asset.Additionally, it provides cryptocurrency-backed loans, which let you profit from having extra money to spend while maintaining your exposure to the underlying asset. This can also be tax-efficient since loans do not count against personal income.You can install the CEX.io app from the Google Play and Apple App stores.
5. Binance
Among the biggest bitcoin trading platforms worldwide, Binance is the biggest. Binance provides many trading tools, such as hundreds of cryptocurrencies and a fantastic variety of market charts.Among the many trading tools that Binance provides are moving average and exponential moving average charts that can be used in real-time and automated trading options.With over 500 cryptocurrencies listed and over 1000 crypto trading pairs, Binance provides one of the broadest selections of cryptocurrencies for trading.Binance Auto-Invest function helps users design personalized investment plans that let them systematically invest a certain amount of money in the currencies of their choice.On Binance’s NFT marketplace, users can generate, purchase, and sell non-fungible tokens. The platform supports numerous NFT categories, including art, collectibles, gaming products, and more.An alternative to the ICO approach for first listings was the Binance Launchpad. IEOs are open to all customers on Launchpad and have grown to be among the most profitable and eagerly awaited coin launches in the cryptocurrency world.Install the Binance app from the Google Play Store and Apple App Store on Android and iOS devices.
6. MEXC
A fair variety of trading pairs denominated against USDT, USDC, BTC, ETH, and TUSD are available for spot trading on MEXC. The primary base asset is USDT.The MEXC platform allows users to find the most profitable traders, copy their trades, and then utilize those same traders again.MEXC Futures allows active traders to trade futures. It provides up to 200x leverage for trading Coin-Margined (Coin-M) and USDT-margined (USDT-M) futures.Limit, market, and trigger-limit orders are useful tools for traders to control risk, and the inclusion of integrated TradingView support is appreciated.Further, MEXC is one of the few cryptocurrency exchanges with no fees that still accepts maker orders on both spot and futures markets.Up to $50,000 USDT in virtual money may be used to finance a fully functional crypto demo account on the MEXC platform.Customers can exchange cryptocurrency assets with other MEXC platform users and instantly purchase cryptocurrency with money using a debit or credit card. Similar to others, the tradable assets on this P2P marketplace include USDT, USDC, BTC, and ETH.MEXC has become a part of the exchanges that provide savings accounts with returns to clients on their investments with up to 25% APR interest.Download the MEXC app from the Apple App Store and Google play store.
7. Bybit
Bybit offers a range of products in addition to spot trading to fit different trading styles. Bybit offers options contracts to individuals who want more defined risk profiles. You may trade derivatives through perpetual and futures contracts.Transparency is a top priority for the Bybit copy trading platform, which makes it simple for followers to assess master traders’ success before making a deposit.Bybit “Convert” tool allows you to convert between different cryptocurrencies quickly and provides a cost-effective alternative for cryptocurrency traders looking to swap their digital assets.Bybit’s peer-to-peer (P2P) trading platform lets you buy and sell cryptocurrencies directly with other users using your local fiat money, cutting out the intermediary.Global denominations of USD, EUR, INR, and GBP are among the more than 100 coins and tokens that One-Click Buy offers, in addition to a wide assortment of over 65 fiat currencies.The platform allows massive block deals to be made directly between Bybit and the institution through Over-The-Counter (OTC) trading, which ensures total anonymity and avoids the public order book.Bybit trading bots are software programs that carry out buy and sell orders in line with pre-established trading strategies.Using Bybit Exchange-Traded Products (ETPs), you may earn more from price changes since you don’t have to control leverage manually.Bybit Spot X is an easy-to-use platform that facilitates your involvement in new cryptocurrency initiatives. It serves as a focal point, organizing all of Bybit’s most recent Spot listings through various exciting events.Bybit Earn provides various opportunities to increase your profits from your cryptocurrency holdings, such as Fixed and Flexible Staking, Crypto Loans, Structured Products, and the Bybit Debit Card.Bybit app is installed from the Google Play Store and Apple App Store.
8. Gemini
One of the most respected CEXs in cryptocurrency is the Gemini exchange.In addition, your Gemini account functions as an insured hot wallet, making your money secure and readily available.Gemini also offers a crypto custody service called Gemini Custody, which enables people and organizations to securely hold their assets for those who wish to keep substantial amounts of assets for an extended period of time.Gemini Clearing is a cryptocurrency trading over-the-counter (OTC) desk enabling parties to settle deals outside the exchange.Customers may spend their cryptocurrency in more than 30,000 US retail locations through the service Gemini Pay.Users may use the Gemini mobile app to pay for their products and services using any popular cryptocurrencies stored in their Gemini account.With every purchase made with the Gemini Credit card, customers may earn up to 3% in cryptocurrency rewards, and there are no conversion costs.Lastly, Gemini has the Gemini Dollar (GUSD), their stablecoin. An impartial accounting company constantly verifies the reserves of Gemini Dollars, which are fixed at a 1:1 ratio to the US dollar.Every day, including weekends and holidays, Gemini performs auctions for the listed cryptocurrency assets. Consequently, the exchange experiences increased liquidity that traders can use to determine prices.You can get the Gemini app from Google play store and Apple app store.
Best Apps to trade crypto in the UK: Conclusion
For different kinds of traders, each platform offers unique qualities. Coinbase and eToro have the most user-friendly interfaces and instructional materials for new traders, while Binance or Kraken would be a better option for experienced traders because they provide a vast array of cryptocurrencies in addition to highly advanced trading tools. Yet Binance is regarded as the greatest overall due to its extensive trading possibilities, affordable fees, a large selection of available cryptocurrencies, and cutting-edge features. Everyone will discover something they want on Binance’s flexible, safe platform, regardless of cryptocurrency experience level.
Frequently Asked Questions
a) What are the best apps to trade crypto?
Given its features and products, security, fees, compatibility, and supported currencies, Binance stands out among its contenders.
b) Do UK cryptocurrency exchanges follow regulations?
The Financial Conduct Authority (FCA) or other relevant agencies have established several regulations and guidelines for cryptocurrency exchanges operating in the United Kingdom. However, the rules governing cryptocurrency exchanges are still being developed, and different platforms may have varied levels of monitoring and compliance.
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