Cryptocurrency has exploded onto the scene in recent years. It has gone from a single currency (Bitcoin) to the hundreds that are available now (altcoins). It is truly a global industry with millions of traders from across the world looking to get involved. While its market might not be as big as it is in the USA, the UK is still one of the largest markets for cryptocurrency on the planet.
However, which exchange or platform is the best for the Brits? Which offers BTC to GBP or other benefits for those in the UK? If these are the things you’re curious about, you have come to the right place. This article is going to take a look at some of the top Bitcoin exchanges with the BTC to GBP pair for trading.
CEX.IO is a Bitcoin trading platform and exchange that was founded in London back in 2013. It was actually first started as a cloud mining provider before it made the switch to being a full-time exchange. In addition to being a very secure, popular and trustworthy platform, it will work for nearly everyone across the world.
In particular, the exchange is great for those in the UK as they make it easy to instantly buy BTC with GBP, or trade your BTC for GBP. The platform features a number of different payment options (such as bank transfer or Visa/Mastercard), is highly liquid and legally compliant. They also offer fair fees on trades (0%-0.25%), which could potentially save you a lot of money. As a result, you can rest assured you are dealing with a reliable and legitimate exchange.
Coinfloor has been around since it was created in London back in 2013. They feature a great team and make it incredibly easy for those in the UK to buy and trade cryptocurrencies like Bitcoin. Once you have registered for an account, you can use GBP or a range of other currencies to purchase Bitcoin. They also make it easy to withdraw fiat currency straight to your bank account and crypto straight to another wallet. They also pride themselves on being one of the most liquid BTC to GBP exchanges on the market.
In addition to being a trading platform, they can also operate as a broker. They have a feature that allows you to speak with account managers directly if you have any questions or concerns. Of course, as you would expect of a large cryptocurrency exchange, they take security quite seriously too.
Founded on the Isle of Man, CoinCorner has been in operation since 2014. It has quickly become one of the most popular crypto exchanges in the UK. Their popularity can be attributed to being one of the first exchanges to allow credit and debit card payments. In addition to that, they also offer GBP card withdrawals. Not only are these withdrawals fast, but they are also free of charge.
While they operate in a few other markets, they primarily exist to serve the UK. Buying and selling is easy, as is signing up for your account. They have also added new services over the past few years like a mobile wallet and a payment gateway. CoinCorner even has the ambitious plan to create a Bitcoin debit card to allow you to easily and quickly pay for anything with Bitcoin.
Binance is, without doubt, one of the largest crypto exchanges and platforms in the industry. The exchange was founded in China and now operates in Japan and Taiwan. Binance has earned the reputation of a reliable crypto-to-crypto trading platform, and once accounted for most of the crypto trading volume. Simply put, Binance is one of the biggest names in the space and is reputable and reliable. While they used to not be the best option for UK residents, that all changed in early 2019 with the release of Binance Jersey.
Binance Jersey is marketed as a fiat-to-crypto platform that caters to the needs of European customers. It also provides GPB/BTC trading. Their fees are rather low (at between 0.05% to 0.1%) and the platform is fully featured and completely secure. If you are interested in crypto coins or tokens other than Bitcoin, Binance Jersey also supports Ethereum. They have brilliant support, a user-friendly interface and technology that is used by dozens of different exchanges.
So, which one to choose?
Of course, there are many other exchanges and platforms that you can use as well. Be sure to do your own independent research to find out which exchange will work best for you. Check their fees, trading options, and security features – after all, you don’t want to find yourself with empty pockets.
In conclusion, hopefully, this article has helped you learn a little more about the best Bitcoin exchanges for those in Great Britain or those looking to trade BTC for GBP.