The 5 best cryptocurrency trading platforms in the UK are: AVATrade Cryptocurrency Trading Platform; Pepperstone Cryptocurrency Trading Platform; eToro Cryptocurrency Trading Platform; FXTM Cryptocurrency Trading Platform; MarketsX Cryptocurrency Trading Platform; Best Cryptocurrency Trading Platforms in the UK Pepperstone. 5 cryptocurrency derivative products – Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin – and leverage up to across all of our trading platforms. No commission fees and leverage of up to for Professional Clients, and for Retail Clients. Read Tamas Szabo CEO Interview. Best Bitcoin Brokers in the UK Wide range of trading products FTX pays network withdrawal fees Ideal for altcoin short trades.
Best uk bitcoin brokersTop 10 Best Cryptocurrency Brokers Compare UK Crypto Platforms
This will require you to open an account and deposit money. Many traditional foreign exchange brokers now offer the option to trade in Bitcoin. They also generally offer the option of leverage, which is betting using money loaned by the broker. When using CFDs or placing spread bets it is possible to lose more than your initial stake. This will be amplified if you use leverage. Don't risk more money than you can afford to lose when you take a position.
Placing stop loss orders which automatically close down your position when Bitcoin hits a particular value are an essential way to limit the risk that you face. Make sure that you're not being overcharged and that the trading platform on offer is to your liking. As with any investment, the more you know about factors that will impact the price of Bitcoin, the more likely you are to profit. Say that a spread betting company is offering a bid price of 4, and and ask price of 4, I'm a big believer that traders should have access to markets they want to trade.
However, this market needs to be regulated. After all, people want to trade and they should be provided with a safe, secure and regulated environment to do it in. Anyway, if you are want to take on the massive risk of trading Crypto CFDs you can compare bitcoin CFD brokers here , but if you just want to know who has the tightest Bitcoin CFD spreads here is a quick comparison below:.
Read our ETX Capital review here. Read our Plus review here. Read our eToro Review here. To decide which broker is best for you check out all of our broker reviews. The answer is, of course, yes and no. You can make money trading Bitcoin, if you buy low and sell high. Or, if you're a bear, sell high, buy low.
The majority of people who trade highly volatile products like Forex tend to lose money. In fact, the recent regulatory changes have forced forex brokers to publicise the percentage of the clients that make money trading. But just because most people lose money trading, it doesn't mean you will. But you probably will, especially if you are trying to make money trading Bitcoin, because unlike Forex trading , index trading or investing in the stock market , where the markets have fundamental value and are swayed by economic events, crypto trading is driven entirely by sentiment.
Which of course makes it harder to predict. And being such a volatile asset class means that crypto prices can move dramatically. But a crypto can double or half in the blink of an eye. So, if you do think you can make money trading Bitcoin, be prepared to lose all your money doing so Despite a global ban from Google on non-regualted brokers advertising derivatives products , they are still getting through.
Amazingly you see them in the header of the DailyMail and other mainstream media websites. What's shocking about this is that they all seem to point to the same scam and no-one has been able to shut it down yet?
Martin Lewis, the money-saving-guru from Money Saving Expert, recently sued Facebook because they failed to stop scammers using his image in scam ads for get rich quick Bitcoin schemes. The answer is of course yes. There are many traders who trade Bitcoin. Some do it through spread betting where profits are tax-free.
They will not, I repeat not, be marketing their services as a get rich quick scheme. In fact they are not allowed to advertise at all. Further reading: Should you enrol on a trading course to learn trade forex, spread betting or CFDs? We're already written about how not to get scammed in crypto trading so won't go into that again.
But suffice to say, if it looks like a scam. It's a scam. Keep in mind too though that the scammers make clone websites, of real brokerages to scam you. So, double and triple check any broker before sending money.
Most cryptocurrencies use a blockchain to achieve double-spend protection. The ones that are decentralized offer several other features, such as:. The value of a crypto coin is defined by the market. More precisely, by what people are willing to pay for it. On a deeper level, the value of a cryptocurrency also hinges on its utility. Scalability and transfer speeds are variables in the value equation as well. Every cryptocurrency resides on a network.
This network may be a decentralized or centralized one. In the case of bitcoin, we are talking about decentralization. The more people mine or stake a given cryptocurrency, the more decentralized its network becomes. Mining consists of the painstaking churning of data with the help of specialized hardware. In addition to solving complex mathematical problems, miners also verify and add transactions to the blockchain ledger. They transmit and log transactions. They also verify and maintain the ledger.
Miners get newly minted coins as a reward for their efforts and the energy they expend through computing power. PoS Proof of Stake networks require participants to keep set amounts of digital coins in special wallets.
The Proof of Stake method does not require computing power and it does not use up any energy to that end. According to some, bitcoin is trustless. What this means is that A can pay B without the need for a third party to provide trust. According to Nick Szabo, one of the fathers of the cypherpunk movement, bitcoin is trust-minimized.
It is as close to being trustless as possible, but it is not completely trustless. From trust minimization stem some other attractive features. Bitcoin is permission-less. Meaning that it can be transferred from one person to another, across the globe if needed, without the permission of a third party. As such, the cryptocurrency is also censorship-resistant. There is no trust-providing intermediary involved in transfers, which could censor certain payments. Bitcoin is a lot like cash: as long as A wants to hand it to B, there is nothing anyone can do to prevent the transfer.
It has been around for more than ten years now. By simply being around, it has proven its feasibility to some degree. This is more than other cryptocurrencies can boast. Furthermore, despite being somewhat clunky and cumbersome, bitcoin is not an inflexible contraption. It is programmable money. It enjoys the backing of some of the brightest minds in the industry. Bitcoin can change and incorporate changes necessary for its survival in the future.
It could theoretically even adopt a PoS consensus model instead of the currently used PoW, although such a move is not likely. Bitcoin itself is capable of changing and improving, thus becoming the better version of itself. Over its decade-long existence, bitcoin has been a highly volatile digital asset.
It went through several boom-and-bust cycles. After each such cycle, however, it managed to hold on to some of its gains. Every four years or so, the mining reward for bitcoin is cut in half.
This broker can be used both beginner and experienced traders thanks to its user-friendly interface and customizable layout. There are multiple chart types, numerous indicators and drawing tools that allow trading directly from the chart. There is a mobile app for Android and iOS too. The broker charge a flat fee per trade as well as a daily flat fee for margin trading. Deposits are made in BTC and are free, though every withdrawal will cost users 0. There are also trading limits for every currency to consider.
The platform serves clients from over countries and supports 8 languages. The service also offers an easy-to-use leverage calculator for more accurate conclusions. BaseFEX is a broker for trading derivatives such as Bitcoin futures, for example. The team of this company is located in Hong Kong, though it is registered on the Seychelles.
All the trading pairs can be found lower next to multiple charts which can be helpful for traders. Being one of the popular Bitcoin brokers with low fees, the last one is considered to be a difference between the taker and maker fees.
There are no deposit and withdrawal fees too. Users of the platform will appreciate the Trade dashboard as well as over 50 different indicators to come in handy to them. There are 11 contracts offered and each of them is described in the smallest details for user comfort. The broker website can be accessed from the web or mobile app developed for this purpose. It aims as traders of Asian countries predominantly, but the platform is being translated in several languages including not only English, Japanese, Chinese, Korean but also Russian, Turkish, Vietnamese and Portuguese to increase the number of users from other countries.
Both experts and newbies can access this trading platform since in addition to multiple professional tools and indicators, there is a demo mode to learn trading. Despite not taking trading fees, there are funding fees for open positions taking place within equal intervals of time — every 8 hours.
One more way of earnings for a broker is a spread, the difference between the bid and ask prices. Originally, it was the only way of trading, but now users can choose between a spread and a fee for every position opened. Withdrawals are free but require ID verification.
The broker supports trades of 9 crypto pairs in the form of perpetual contracts. It has added several new features since the release too. In addition to a Stop Loss feature and advanced charting, the trading service also offers simple charting, intuitive interface which gets responsive on mobile devices, trade confirmation feature that offers to learn the details of the trading position, etc.
One more great feature is two different margin allocation modes including Isolated Margin or Cross Margin for better risk management of traders. In addition to earning on trading, there is an affiliate program rewarding users who attract new traders.
If there are any questions, a trader can turn to live chat support pressing the button at the bottom on the right, while more email alerts will provide explanations about your account when it requires special attention.
DeriBit is a broker platform to trade Bitcoin and Ethereum options and futures operating since It features an ultra-fast trade matching engine with less than 1MS Latency.
Other important features of this broker are real-time auditing, liquidation, and risk management. The broker operates a maker-taker fee model. The fee is calculated as a percentage of the underlying asset of the contract. Deposits are free and require only 1 confirmation on the network. Withdrawals can be instant or take some time to be completed, there is also a small fee which depends on the current state of the Bitcoin network. Fiat currencies are not supported while both deposits and withdrawals are processed only in Bitcoin.
Nowadays, users of over countries trade on the platform. The broker offers 10BTC of virtual funds for every trader to try the platform in a demo version. To start trading it is enough to register an account and make a deposit.
Bit Seven is a broker that offers a high profit with low investment. This is a Bitcoin platform which offers leverage for Bitcoin, Ethereum, Litecoin, and Ripple trading. Over 1. To register on the platform, it is enough to provide a name and an email as well as a mobile phone to set the 2-factor authentication.
The next step is to fund an account sending Bitcoin to it — other payment methods are not supported. Since the platform supports three more coins, it is possible to exchange Bitcoin for any of them after depositing. The same should be done to withdraw earnings received, there is also a network fee of 0. The maximum daily withdrawal is 10 BTC.
It is also possible to set auto-sell rules to maximize profit and minimize losses. To exchange coins it is necessary to pay a flat fee of 0. Trading fees depend on the coin chosen: 0. Since the number of Bitcoin brokers is growing incessantly, it is important to understand how to choose the best platform for trading cryptocurrency. One of the first factors evaluated by traders nowadays is fees, of course, but it is not the only thing to consider selecting a broker.
Therefore several more features to pay attention to.