Buying, selling, and investing in cryptocurrencies are now simpler than ever thanks to the development of trading apps. The best crypto trading apps in the UK let you trade and monitor all of your investments from any location. You only need a cellphone and a good internet connectivity to begin trading cryptos.
In this guide, you can find reviews of the top crypto trading apps, advice on getting started, and responses to frequently asked questions.
Best Crypto Trading Apps 2022
There are a number of key indicators that you must take into account while selecting the best crypto trading applications for your skill set and financial objectives.
Regulation, safety, supported crypto marketplaces, costs and commissions, and user-friendliness are all included in this.
In light of this, we have reviews of the top crypto trading applications available below.
1. eToro
We came to the conclusion that eToro offers the absolute best crypto trading app in 2022 after examining more than 50+ companies. You will be using a brokerage firm that is authored and controlled by numerous tier-one financial bodies if you want to trade using this app while you are on the go. This guarantees that your trades are conducted safely.
By downloading the eToro application, which is completely compliant with both iOS and Android devices, you may gain access to a wide range of markets. This includes a variety of lesser coins in addition to the top 10 large-cap digital assets. DeFi coins, for example, AAVE, Decentraland, and Polkadot, are tradeable around-the-clock.
The best part is that this top-rated crypto trading app has some of the lowest fees available. This is due to the fact that while making orders, you will just have to pay the spread.
The eToro app offers access to thousands of stocks and ETFs, as well as tradeable markets on FX, commodities, and indices, in addition to buying and selling cryptocurrency. The eToro app also enables passive trading, as you may choose a successful investor to mimic exactly. Finally, eToro also provides professionally managed, diversified Smart Portfolios. You can lean more about this crypto trading app with our previous guide to eToro Broker – Full Review.
2. Webull
If you’re on a limited spending plan or only looking to risk little sums, Webull may be one of the ideal crypto trading apps for this reason. Webull accounts can be opened without a minimum investment, and you can trade digital currencies for as little as $1 per trade, which is significant. This makes it possible for you to get started trading cryptocurrencies for very little money.
Regarding charges and commissions, Webull offers all of its marketplaces on a spread-only structure. We found that the lowest spread for bitcoin trading was 1 percent, which is not too expensive. ACH or bank wires are the two ways you can load your Webull account. The latter, though, will set you back $25 to withdraw and $8 to deposit.
3. Coinbase
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The next application on the list is Coinbase, which may be among the finest for newcomers to cryptocurrency trading. The moment the app is downloaded on your phone, you will realise how user-friendly the Interface is. As an outcome, if you have never bought or sold crypto previously, the Coinbase app might be appropriate for you.
The fact that you will be charged hefty prices in exchange for easiness, however, is the main issue we have with this user-friendly trading application. For instance, Coinbase charges regular trading commissions of 1.49% for each slide, excluding spread. With a debit or credit card, the price to purchase cryptocurrency through the app is a stunning 3.99%.
4. Binance
If you’re an active trader looking for a crypto trading platform with a massive amount of low-cost markets, have a look at Binance. This well-known trading application manages trades totaling tens of billions of dollars each day. Hundreds of cryptocurrency pairs have incredibly tight spreads, and the commission rate is merely 0.10% for each slide.
You have several alternatives and charges for funding your account based on where you stay. Debit/credit card payments, for instance, are a fantastic offer for UK clients since they just cost 0.5%. However, customers from other nations can pay up to 4% for the same transaction. The Binance application is available for free download for both iOS and Android mobile devices.
5. Gemini
Gemini might be the ideal crypto trading app for you if you consider yourself an experienced trader who frequently invests sizable funds in your trades. This well-known crypto trading platform is among the few crypto platforms that is heavily regulated in the United States and has an authorization from the New York State Department of Financial Services.
Installing this cryptocurrency trading app on your smartphone will provide you access to a variety of insurance plans and security that is of an institutional calibre. But there are few cryptocurrencies that the platform supports, and transaction fees are high. For all trades over $200, you will be charged a normal commission of 1.49% per slide.
6. Huobi
One of the top applications for purchasing cryptocurrency is Huobi. Because certain products, like crypto derivatives, are only accessible to professional traders in the UK due to laws, we believe that this app is best suited for more seasoned investors. The program also includes a thorough cryptocurrency trading platform, which is ideal for experienced traders but can be intimidating for newcomers.
The Huobi app provides a starting point for decentralized finance and allows you to buy and trade hundreds of cryptocurrencies. The app offers both the chance to borrow money against your cryptocurrency and lending accounts. To gain rewards, you can also stake your tokens on a blockchain.
7. CEX.IO
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In 2013, CEX.IO launched its platform in the UK. This exchange, which boasts more than 4 million users worldwide, takes pride in being one of the first to offer GBP fiat currency choices for trading cryptocurrencies. Over 105 coins and 225 pairs are available on the online cryptocurrency trading platform. Its platform offers a positive user interface. UK merchants have the option of directly depositing GBP into their accounts using bank cards or direct bank transfers.
The mobile app enables traders to monitor orders and maintain control while on the move. Using QR codes created by the app, users may withdraw or deposit cash and cryptocurrency with ease. Additionally, it offers analytical tools and current industry trend data. For smartphones and tablets, there are variations running Android and iOS.
8. Kraken
Consider Kraken if you’re a cautious cryptocurrency trader who wants to purchase cryptocurrencies and sell them for more money. We believe it to be the best spot trading cryptocurrency app in the UK, making it perfect for day traders. This FCA-regulated platform has no minimum deposit requirements and competitive fees ranging from 0.9% to 2%. For UK traders, it does not offer bonuses or promotions, but it still has useful features. The sophisticated analytical tools will be beneficial to more seasoned cryptocurrency traders.
On iOS and Android smartphones, users can download 3 unique Kraken apps. The Kraken, Kraken Pro, or Kraken Futures apps are available. The apps each have distinctive features. Beginner traders should use the Kraken mobile because of its simple interface and Instant Buy feature, which make trading and converting cryptocurrencies simple. Professionals and experienced traders should use Kraken Pro and Kraken Futures.
9. Nexo
If you wish to do more than just buying and selling digital currencies, Nexo is one of the best crypto trading apps. Use this app if you wish to maximize the potential of your cryptocurrency and increase your fortune.
Comparable to other crypto trading apps, Nexo enables users to quickly buy Bitcoin and 40 additional cryptocurrencies with a credit or debit card and trade over upwards of 300 market pairings. Nexo, however, allows you to receive up to 0.5% in quick cashback on exchanges, in contrast to other mobile apps.
The most well-liked feature that distinguishes Nexo from its rivals is the interest-bearing savings accounts. On more than 30 digital assets, users can earn up to 18% APR with daily payouts, no fees, and the option to receive payments in kind or the company’s NEXO token.
You must deposit a minimum of $10 to begin using Nexo, and based on your loyalty level, you may be eligible for up to 5 free cryptocurrency withdrawals every month. Swaps are free to make, however, Nexo charges a tiny spread that is visible to users before they complete the trade.
10. Bitpanda
The greatest choice for individuals looking for a simple solution to control their cryptocurrency portfolios from a single location is Bitpanda. With the help of its comprehensive mobile app, cryptocurrency investors can make investments in cryptocurrencies and crypto indices at any time, anywhere.
The platform’s crypto indices and savings plan are its two most well-liked features. Its indices function similarly to conventional ones, which follow the entire cryptocurrency market or specific sectors. Beginners who are unsure about which coins to purchase can invest across the board.
Other noteworthy features include a built-in exchange for supported cryptocurrencies, staking vaults with up to 13% APR, an Apple Pay-compatible debit card that rewards purchases with Bitcoin, and a payment interface that transfers funds to European banks.
Bitpanda provides access to equities, ETFs, and precious metals for more conventional investors. They are not the assets themselves; rather, they are contracts that duplicate the price changes of the assets.
Factors for selecting Crypto Trading Apps
One of the most crucial steps in your journey is to find the best crypto trading app, which should not be rushed. We advise you to consider the following aspects when looking for the best crypto trading app for you in order to give yourself a head start.
Safety
We always recommend to our readers to trade using a crypto trading app that is run by a broker who is authorized and governed by the strictest regulatory bodies worldwide. However, in the UK, the Financial Conduct Authority’s license is the only one that counts (FCA).
Some of the brokers we’ve listed above as recommendations have many regulatory bodies watching over their trading operations. This should aid in your decision-making because it increases their trustworthiness.
Platform
Your preferred cryptocurrency trading program should have a fantastic user experience and be simple to customize. It should also be quick at carrying out your deals so you don’t lose any opportunities to increase your nest egg. You should also be able to access trading tools for market analysis and navigate the platform with ease.
In light of it, finding a platform that works for you depends on your particular preferences as well. Beginners might benefit much from spending a few days trying out various cryptocurrency trading programs.
Fees
The best crypto trading app should be transparent about its trading fees so that you can plan out your finances. Numerous brokers have been observed to have unstated fees, which solely serve to restrict your trading activity. In light of this, carefully research the costs given by your preferred crypto trading app to make sure they are within your means.
Trading shouldn’t be prohibitively expensive, and you should want to keep as much of your cryptocurrency investment as you can.
Markets
You must first clarify the markets you want to invest in before searching for a crypto trading app. Select a crypto trading app with a broad selection of tradable instruments. When you feel like attempting something new, this will help you in the long term.
You will have access to even more marketplaces by selecting an online broker. enabling you to mix trading in cryptocurrencies with other markets, such as equities, commodities, and forex. The best broker for cryptocurrencies is therefore also a good broker for other types of trading.
Payment
Your trading progress may be slowed down by the commotion of currency exchange. While some brokers provide a variety of payment options, others are limited to conventional ones. For this reason, we suggest you consider your preferences for payment methods when selecting the best crypto trading app.
Demo accounts
Given that some of the brokers we’ve listed above have large trading fees, it can be risky to invest with them before being convinced that they meet your trading requirements. Demo accounts are designed to save your money, so you should use them to test-drive a crypto trading app before investing any money.
All top-notch brokers and apps ought to offer instructional resources that can boost users’ performance. Trading is never simple to learn, therefore the more assistance your broker can offer, the better.
How to begin with Crypto Trading Apps?
Are you prepared to begin using the best crypto trading app in the UK? We’ll walk you through buying cryptocurrency with eToro in 4 easy steps.
Step 1: Registration
To begin, go to the eToro official site and choose Join Now. After registering with your email, confirm your identity.
Step 2: Download the App
Use your eToro login to log in to the eToro app after downloading it from the Apple App Store or Google Play.
Step 3: Deposit Funds
Make a minimum $250 first deposit. Credit/debit cards, PayPal, Skrill, and bank transactions are all accepted by eToro.
Step 4: Buy Cryptocurrencies
After searching for the cryptoassets you wish to buy, click Trade. Click Open Trade after entering the quantity you wish to purchase.
Conclusion
More investors are pouring money into the cryptocurrency market because it is here to stay. Since then, the value of the crypto ecosystem has surpassed $2.5 trillion, and in the years to come, it is anticipated to increase much further.
We suggest utilizing eToro as the best crypto trading app in the UK for investors looking to purchase cryptocurrencies like Bitcoin if they want to take advantage of competitive costs, cutting-edge features, and a friendly community.
Frequently Asked Questions
Are there additional fees in the UK for using crypto trading apps?
No. The majority of apps don’t require a membership and may be downloaded for free, while others are simply mobile extensions of their desktop counterparts.
Are all broker commissions the same?
No. On each site, fees and commissions are different. For more details on commissions, fees, and bonuses, check our evaluations.
Should I only use apps from UK-licensed services?
It is preferable to only utilize apps from services that are governed by the FCA if you must make use of the protection offered by that service.
Which UK crypto trading app is the best for beginners?
Beginners can gain by copying the trading methods of more experienced traders. Utilize apps with user-friendly platforms that let novice traders copy trades and improve their trading abilities.