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Highlights
- Regulatory authorities around the world have been seeking stringent measures to ensure that investors rights are well guarded and protected.
- In July, Financial Conduct Authority banned Binance, making it difficult for the investors.
- Crypto exchanges in UK like Bitstamp and Kraken saw the customer base grow following the FCA’s notice about Binance.
Since UK’s Financial Conduct Authority banned world’s top cryptocurrency exchange Binance in June, investors have been rushing to rival exchanges to make their investment. But still many investors are in doubt as to whether the exchanges are following all the protocols issued by the UK regulatory body.
Regulatory authorities around the world have been seeking stringent measures to ensure that investors rights are well guarded and protected. They keep a close eye on the exchanges irrespective of their size and how they manipulate the market. Cryptocurrency exchanges in the UK like Bitstamp and Kraken saw the customer base grow following the FCA’s notice about Binance.
But there are other cryptocurrency exchanges which are doing well. Let’s look at the 5 cryptocurrency exchanges that the UK citizens can look to explore while considering crypto investments.
- Ziglu
Ziglu is a British-based and regulated cryptocurrency exchange that uses prime bank-grade security, encryption, and monitoring techniques to keep the investor’s money safe. Users can trade in leading cryptocurrencies such as Bitcoin, Ethereum, Cardano and Litecoin starting from just £1.
Besides, the holders also get an additional 5% interest if they invest in its digital currency called TrueGBP. With Ziglu’s mobile app, the users can easily buy, sell cryptocurrencies. The users will have to pay a 1.25% of transaction fee for every transaction made on Ziglu. As its FCA approved, the users can feel secured that the transactions made are fully secure and Ziglu too has strong mechanisms to thwart cyber-attacks.
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- CoinJar
CoinJar was first launched in Australia in 2013. A year later, the exchange started its UK operations and at present it has 400K+ users with more than £750 million trade in various cryptocurrencies such as Bitcoin, Ethereum, Cardano etc.
Besides trading, CoinJar also offers popular digital currency debit card, CoinJar Card and the users can easily transact in leading cryptocurrencies with its mobile application. It doesn’t charge the users for any deposits made using the Faster Payment service. It charges very low transaction fees as compared to its rivals.
- Solidi
FCA-approved cryptocurrency exchange Solidi allows UK citizens to seamlessly do crypto transactions in leading cryptos such as Bitcoin, Ethereum, Chainlink, Litecoin and Ripple. Users can start their crypto journey by trading in any one of the cryptos with as little as £2.
Also read: What is Beta Finance?
Customers don’t have to go through the tedious process of uploading the documents to verify the identity. They can set up the account in just 2 minutes. Solidi doesn’t charge the customers a transaction fee for buying and selling cryptos. However, they do have to pay a nominal fee to access their pounds from Solidi.
- Ramp Swaps
This exchange allows the users to buy crypto without leaving your dApp or wallet. As it is integrated with other websites, Ramp Swaps charges a nominal transaction fee of 0.99% for manual bank transfers up to £2,133 or 1.99% if a user is linking a card to your Ramp Network account.
- Fibermode
Fibermode is also UK FCA approved and can be operated via mobile app, which lets the users make payments in real money and earn cashback in the form of Bitcoins.
The all-in-one app is designed in such a way that it makes crypto trading a seamless process for both beginners and experts. The app is currently available on Andriod only and allows the investors to buy and sell Bitcoin for a 0.99% fee.
