Cryptocurrency exchanges enable users to buy and sell digital assets, while storing their coins on secure wallets. While Binance is the industry leader, it is not without its issues. Here are some of the best Binance alternatives UK in terms of features, security, and fees.
eToro is one of the leading best Binance alternatives UK thanks to its social trading platform, which is ideal for beginners who want to understand the market better. It also allows users to trade more than 100 cryptocurrencies. Additionally, the exchange supports various payment and deposit methods like PayPal and a bank account transfer.
Kraken is another good Binance alternative for traders looking for a reliable crypto exchange with a robust security system. The exchange is regulated by FinCEN in the US and by FinTRAC in Canada, making it a safer option for those who prioritize strict compliance with regulations. It offers a wide range of features for investors and traders, including margin trading and BNB token rewards for high-volume traders.
The Most Secure Crypto Wallets for UK Investors
Coinbase is an excellent choice for beginners because it enables them to buy their first cryptocurrency with ease and quickly cash out to their PayPal or bank account. Its mobile app is user-friendly, and it has a number of advanced tools that make it easy to navigate. In addition, it has a large variety of payment methods and is backed by a reputable company. However, it does not offer leveraged CFD trading or the ability to use 2FA, and customer support is slow.