In order to buy and sell Bitcoin in the UK – you’ll need to have an account with a trusted and low-fee broker.

In this guide, we review the five best Bitcoin brokers in the UK for 2022. We also offer a simple step-by-step walkthrough of how to get started with an FCA-regulated Bitcoin broker in under five minutes from start to finish.

Best Bitcoin Brokers in the UK for 2022

If you’re looking for a very quick overview of the five best Bitcoin brokers in the UK to buy Bitcoin right now – consider the platforms outlined below.

  1. eToroOverall Best Bitcoin Broker UK for 2022 (FCA Regulated)
  2. HuobiBest Crypto Broker UK for Long-Term Investors
  3. Crypto.comTop UK Bitcoin Broker Mobile App
  4. Coinbase  One of the Best UK Crypto Brokers for Beginners
  5. Binance – Leading Bitcoin Trading Broker With Low Fees

We would suggest reading our full UK Bitcoin broker reviews before selecting a provider.

The Best Bitcoin Brokers UK Reviewed

Choosing just five cryptocurrency exchanges UK for our list of the best Bitcoin brokers in the UK was no easy feat. After all, we considered everything from regulation, supported markets, and fees to minimum deposit requirements, user-friendliness, and customer support.

In the reviews below, we cover all of these key metrics and more.

1. eToro – Overall Best Bitcoin Broker UK for 2022 (FCA Regulated)

etoro review

After reviewing dozens of providers in this industry, eToro was an easy pick for the best Bitcoin broker in the UK for 2022. Our findings were based on a variety of core factors – such as safety, low fees, small minimums, and a super user-friendly investment process. First and foremost, this top-rated Bitcoin broker, is authorized and regulated by the Financial Conduct Authority (FCA).

Not only that, but the platform holds licenses with other national regulators – such as the SEC, ASIC, and CySEC. In terms of fees, you will only need to cover the spread when you invest in Bitcoin in the UK at eToro – which typically averages just 0.75%. This means that by purchasing £100 worth of Bitcoin, you would pay in the region of 75p to enter the market.

Moreover, you won’t be charged any fees to store your Bitcoin tokens in the eToro Money Crypto wallet. This popular hot storage has become one of the best crypto wallets in the UK.

Best bitcoin brokers in the uk etoro review

Another huge benefit of choosing eToro as your go-to crypto broker is that the platform allows you to buy Bitcoin in the UK from just $10 – or about £7. Moreover, eToro isn’t home to just Bitcoin, as the broker supports over 50+ leading digital currencies. This includes the likes of Ethereum and XRP. More tokens are added on a regular basis, based on customer demand. If you’re relatively new to the world of crypto trading, you will appreciate the user-friendly eToro investment platform – which requires no prior experience.

Moreover, you can even seek assistance in terms of which digital currencies to buy via the eToro CryptoPortfolio. In a nutshell, this operates like a traditional ETF, not least because through a single investment – you will indirectly buy dozens of crypto assets. And, just like ETFs, the CryptoPortfolio is professionally managed on your behalf. Another way to invest passively is via the eToro copy trading tool. This will see you invest directly with a seasoned trader that uses the eToro platform.

Best bitcoin brokers in the uk etoro review

The other option you have at eToro if you are a complete beginner is to open a virtual portfolio. This comes pre-loaded with $100,000 in paper trading funds, so you can buy and sell cryptocurrencies like Bitcoin without risking any money. You might also like the eToro mobile app – which is free to download and compatible with iOS and Android smartphones. And finally, in order to fund your eToro account – you can choose from a UK debit or credit card, PayPal, Skrill, or a bank transfer.

Pros

  • Authorized and regulated by the FCA
  • Buy and sell crypto on a spread-only basis
  • Minimum deposit and crypto trade required is just $10 (about £7)
  • Easily buy crypto with a debit/credit card, e-wallet, or bank transfer
  • Perfect for beginners and experienced pros alike

Cons

  • Seasoned traders might prefer more advanced tools

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Huobi – Best Crypto Broker UK for Long-Term Investors     

huobi reviewIf you’re a long-term investor that is looking to buy a wide selection of leading cryptocurrencies – Huobi could be one of the best brokers in the UK for this purpose. Although Huobi does not offer the same level of safety or cost-effectiveness as eToro, the platform makes up for this by offering one of the largest crypto suites in the market – with support for hundreds of tokens. 

This means that you can explore digital currency projects of all shapes and sizes and thus – create a highly diverse portfolio. For instance, in terms of established and large-cap cryptocurrencies, you might consider the likes of Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, or Cardano. If you’re also interested in the best Defi coins, perhaps consider Polkadot, EOS, Decentraland, Chainlink, or AAVE. Huobi even supports stablecoins such as TrueUSD and Tether – so the platform has you covered on all fronts.

Best bitcoin brokers in the uk Huobi review

Another major benefit of Huobi for long-term investors is that you will have access to crypto interest accounts. All you need to do here is deposit your crypto into a suitable account and you will be paid interest. For example, you can earn 2.88% when depositing Bitcoin into a Huobi crypto savings account on a 90-day lock-up period. Another way that you can earn interest at Huobni is via crypto staking.

This operates similarly to a savings account, albeit, your tokens will be locked on the respective blockchain network for a period of time. In return, you’ll be paid an attractive APY. When it comes to fees, Huobi is relatively competitive, albeit, the broker has a maker/taker pricing model in place. Put simply, unless you are providing the broker with liquidity or trading extremely large volumes, you will pay a commission of 0.40% per slide. 

Best bitcoin brokers in the uk Huobi review

This means that by buying £1,000 worth of Bitcoin, you would pay a fee of just £4. And, if you were to sell your Bitcoin investment when it was worth £2,000 – your commission would amount to just £8. In terms of getting money into your Huobi account, the exchange supports UK bank transfers and debit//credit card payments. Finally, you might also like the Huobi mobile app – which doubles up as a trading platform and crypto wallet.

Pros

  • Hundreds of crypto markets supported
  • Top-rated crypto savings accounts
  • Fees start at 0.40% per trade

Cons

  • Not regulated by the FCA
  • Leveraged products not legal in the UK

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. 

3. Crypto.com – Top UK Bitcoin Broker Mobile App

crypto.com logo

Next up on our list of the best Bitcoin brokers in the UK is Crypto.com. One of the primary reasons why we like this broker is that it offers a superb mobile app – meaning that you can easily buy and sell Bitcoin on the go. In fact, not only can you trade Bitcoin on the Crypto.com app – but over 250+ other cryptocurrencies. This includes everything from EOS, Decentraland, and Litecoin to Ethereum, Cardano, and AAVE.

The Crypto.com app is compatible with both Android and iOS smartphones, and it can be downloaded for free via the relevant store. Once installed, you can quickly open an account and then instantly deposit funds with a UK debit or credit card, after you’ve uploaded a copy of your ID. Alternatively, you can also transfer funds from your UK bank account. Although the transaction will go through Faster Payments, Crypto.com notes that the funds might take up to 7 business days to arrive.

Best bitcoin brokers in the uk crypto.com review

Either way, the minimum deposit at Crypto.com is £20 and no transaction fees apply when opting for a bank transfer. In terms of trading commissions, Crypto.com operates a maker/taker model just like Huobi. Standard commissions are also charged at 0.40% per slide, albeit, this can be reduced if you trade larger amounts. Moreover, by staking Crypto.com’s native CRO token, will also result in more competitive commissions.

We should also note that Crypto.com offers plenty of other services in addition to just being able to buy and sell crypto. For instance, you’ll find a wide range of crypto savings accounts that allow you to earn interest on the tokens you deposit. Various APYs and lock-up terms are available. Moreover, Crypto.com also offers instant loans that come with a maximum LTV of 50%. You might also consider the crypto debit card offered by the provider, which is issued by Visa.

Best bitcoin brokers in the uk - crypto.com

Moving onto user-friendliness, Crypto.com is potentially suited for both beginners and experienced pros alike. On the one hand, the Crypto.com platform is simple to use, so buying and selling digital tokens does not require prior experience. With that said, the platform also offers a full suite of advanced trading tools and customizable charts – so all skill sets are covered. Finally, Crypto.com also offers top-level customer service via live chat.

Pros

  • Supports more than 250+ coins
  • Attractive rates on interest
  • Suitable for all skill sets

Cons

  • UK bank transfers can take up to 7 business days

Cryptoassets are a highly volatile unregulated investment product.

4. Coinbase – One of the Best UK Crypto Brokers for Beginners

Best bitcoin brokers in the UK - Coinbase

Next up we have Coinbase – which is one of the best Bitcoin in the UK for those of you that haven’t previously traded digital currencies. The Coinbase platform has been around since 2012 – which makes it a trusted broker to consider. Moreover, Coinbase is licensed in the US and listed on the NASDAQ exchange as a public stock.

In terms of supported markets, Coinbase gives you access to over 50 digital currencies. This mainly focuses on large-cap projects like Bitcoin and Ethereum, but a range of ERC-20 tokens and Defi coins are also available. Regardless of which crypto asset you decide to buy, you will need to pay a standard commission of 1.49% per slide. Naturally, this is a lot more expensive than the other UK Bitcoin brokers that we have reviewed so far.

Best bitcoin brokers in the UK coinbase review

In fact, should you wish to buy crypto with your UK debit or credit card – you’ll pay an even higher fee of 3.99%. As such, while Coinbase remains a good option for user-friendliness and safety, this popular Bitcoin broker is expensive. Nevertheless, we do like the security tools offered by Coinbase, which ensure that your digital funds remain safe at all times. For instance, a reported 98% of all of the crypto assets held by Coinbase are stored offline in cold storage.

And, when you log into your account or attempt to make a withdrawal – additional security steps are required. This includes two-factor authentication at a minimum, and oftentimes, confirmation via email. The latter will be required when you access your Coinbase from a new device or IP address. In terms of account minimums, Coinbase requires a minimum crypto purchase of just £2, which again, is highly suitable for beginners.

Best bitcoin brokers in the UK coinbase review

Another top feature offered on the Coinbase website is that you can set up recurring buy orders. In a nutshell, this means that Coinbase will automatically purchase a cryptocurrency of your choosing at a specific timeframe and predefined amount. For instance, this could be as simple as buying £15 worth of Bitcoin every Friday. Just like the other UK Bitcoin brokers discussed so far, Coinbase offers an iOS/Android mobile app.

Pros

  • Small crypto purchases from just £2
  • Safe, secure, and regulated
  • User-friendly platform
  • Top-rated mobile app

Cons

  • Debit card fee of 3.99%

Cryptoassets are a highly volatile unregulated investment product.

5. Binance – Leading Bitcoin Trading Broker With Low Fees

Binance Logo

The final platform to consider in your search for the best Bitcoin brokers in the UK is Binance. Launched in 2017, this platform attracts the largest amount of trading volume and liquidity in the crypto industry. You will have access to more than 1,000 crypto markets here – which includes a huge selection of low-cap tokens. This might be of interest if you’re looking to invest in up-and-coming projects with an attractive upside.

When it comes to fees, this is where Binance really stands out. This is because the absolute maximum you will pay to trade crypto is just 0.10% per slide. Meaning – for every £1,000 traded, you will pay just £1. And, by owning BNB tokens or trading larger amounts, your fee will be reduced. With that said, if you wish to use Binance to buy crypto instantly with your UK debit or credit card, you’ll pay in the region of 2%.     

Best bitcoin brokers in the UK Binance crypto wallet

While we are on the conversation of payments, Binance previously supported GBP withdrawals via UK bank transfer. This made it fast, easy, and cost-effective to cash out crypto profits. However, Binance has since had its GBP facilities suspended, meaning that you can no longer withdraw pounds and pence from this broker. Instead, you would need to transfer your crypto assets to another platform for this purpose.

If this isn’t an issue, then we should note that Binance will likely appeal to you if you are a seasoned crypto trader. This is because the broker offers an advanced trading platform that comes packed with tools. For example, you can apply dozens of technical indicators to your charting areas – such as the MACD, Bollinger Bands, and the Exponential Moving Average. Drawing tools are fully customizable too – in terms of structure, colour, and more.

Best bitcoin brokers in the UK binance review

You’ll also be able to deploy advanced order types – which will give you enhanced flexibility in terms of entering and exiting the market. Although most traders will use Binance for short-term strategies, the broker is also suitable for buy-and-hold investors. This is because Binance offers some of the most competitive crypto savings accounts in the market. As an example, you can earn an APY of 5% on Bitcoin without having any restrictions on withdrawals.

Pros

  • Advanced trading platform
  • Maximum commission of 0.10%
  • More than 1,000 crypto markets
  • Earn an APY of 5% on Bitcoin

Cons

  • Leveraged products not legal in the UK

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.  

What is a Bitcoin Broker?

If you’re new to the crypto scene, you might be wondering what a Bitcoin broker is and how the investment process works. Perhaps the most simple comparison to make is that Bitcoin brokers are relatively similar to traditional share dealing sites.

This is because Bitcoin brokers sit between you and the investment markets – meaning that in order to buy and sell crypto, you need to go through a third party.

For instance, the Bitcoin broker will initially require you to open an account. And, if you’re looking to trade with pounds and pence, then you’ll also need to get yourself verified.

What is a Bitcoin Broker?

After all, it’s simply a case of searching for the crypto you want to trade, entering the amount you wish to invest, and confirming a market order.

The Bitcoin broker will then give you the option of keeping your newly purchased tokens in its own custodial storage facility – or withdrawing them out to a private wallet.

Ultimately, Bitcoin brokers are in the business of making money – so they will charge you an assortment of fees for using its platform. This might include fees to deposit and withdraw funds, and placing buy and sell orders.

Crypto Brokers vs Exchanges?

Crypto brokers and exchanges are terms that are often used interchangeably – so you can be forgiven for thinking that both refer to the same thing. However, there is actually a big difference between the two – which we explain in the sections below.

UK Crypto Brokers

As noted above, a crypto broker is much the same as a share dealing site, not least because the platform will allow you to buy digital currencies directly without needing to engage with market participants.

  • As such, crypto brokers make the process of buying and selling Bitcoin and other tokens simple and burden-free.
  • Moreover, brokers are heavily regulated in the UK.
  • This means that should your chosen platform wish to offer regulated services to UK residents, it must be licensed by the FCA.
  • This is why eToro came on top as our overall best UK Bitcoin broker – as you can trade crypto in safety.

Another benefit of choosing a broker as opposed to an exchange is that you will be able to deposit and withdraw funds in GBP.

This means that you can easily pay for your crypto purchases with a UK debit/credit card.

UK Crypto Exchanges

The investment process is somewhat different when using a crypto exchange. This is because, unlike brokers, you will be engaging directly with other market participants.

  • For example, let’s suppose that you wish to buy £1,000 worth of Bitcoin.
  • In using an exchange for this purpose, there would need to be a seller using the platform that not only wishes to sell £1,000 worth of Bitcoin, but at a price favorable to you.
  • This can be problematic when using a crypto exchange that does not attract sufficient levels of liquidity.

On the flip side, we found that crypto exchanges will often offer more favorable commissions than brokers. And, you might also find that crypto exchanges offer a much larger suite of markets.

However, and most importantly, the vast majority of crypto exchanges are not regulated by the FCA – or any licensing body for that matter. This presents a number of issues that you should view as a red flag.

For instance, if a crypto exchange is unlicensed, it is not required to follow regulatory guidelines with respect to risk warnings, investor protection, or the prevention of market manipulation.

Moreover, unlicensed exchanges are rarely able to secure GBP facilities, meaning that deposits and withdrawals might only be possible via crypto.

And as such, if you’re looking for the best place to trade Bitcoin – it goes without saying that you should stick with FCA-regulated brokers like eToro.

How to Choose the Best Crypto Broker for You

Although we have already reviewed the five best Bitcoin brokers in the UK for 2022 – this doesn’t mean that our top picks are right for your requirements.

This is why we always suggest that our readers do their own research before joining a new trading platform. If you’re wondering how to select the best Bitcoin broker for your needs – consider reviewing the factors outlined in the sections below.

Regulation & Security

Although cryptocurrencies are unregulated in the UK as an investment product – this doesn’t mean that you should sign up with an unlicensed platform. On the contrary, we strongly suggest that you consider a Bitcoin broker that is regulated by the FCA.

In doing so, you can be sure that your funds are safe from financial crime and that you will have the ability to deposit and withdraw funds in GBP.

  • For instance, as we mentioned earlier, FCA-regulated Bitcoin broker eToro is able to support GBP deposits across debit and credit cards, Paypal, Skrill, bank transfers, and more.
  • And, when it comes to withdrawing GBP, you can cash out straight back to the same payment method you used to deposit.
  • However, when using an unrelated platform, your ability to access GBP payments will be severely limited.
  • What we find is that a lot of unregulated platforms will look to bypass these restrictions by partnering with third-party payment processors.
  • However, this means that you will be charged a significant amount in fees – which can be as high as 10%.

Another risk of using a platform that isn’t regulated by the FCA is that there is no way of truly knowing whether or not your funds are safe.

For example, if you do a bit of research on unlicensed crypto exchanges – you’ll be shocked to learn that billions of pounds worth of hacks have occurred over the past decade.

Range of Assets

We often find that the best crypto brokers in the UK are platforms that give you lots of options when it comes to supported markets.

For example, you might be interested in buying Bitcoin today. But, at a later date, you might be keen on an alternative digital currency such as Decentraland.

Best bitcoin brokers in the UK etoro supported coins

Either way, it can be cumbersome to open and operate accounts with multiple crypto brokers and exchanges just to be able to diversify. And as such, it’s best to stick with crypto brokers that give you access to a wide variety of digital currencies.

An additional point to note is that you might also be looking to diversify into other asset classes completely. A great option in this respect is eToro – which not only offers 40+ crypto markets, but thousands of commission-free stocks and ETFs, as well as tradable CFD instruments that track forex, commodities, indices, and more.

Fees

When attempting the find the best Bitcoin brokers in the UK – we were surprised at just how much variation there is when it comes to fees.

Moreover, we also found that a number of platforms make it somewhat difficult to view information surrounding core account charges.

To point you in the right direction, below we elaborate on the main fees to look for when choosing the best crypto broker for you.

Payments

The cost that you need to assess when researching Bitcoin brokers is with regards to payments. After all, in order to buy crypto, you need to first make a deposit.

Payment fees will not only vary depending on the broker – but the deposit method too.

For example:

  • You can deposit funds for free at Crypto.com via a UK bank transfer. But, debit/credit card payments are charged at 2.99%
  • Over at Coinbase, you’ll pay a whopping 3.99% on debit/credit card payments. But, UK bank transfers are free.
  • At eToro, all payment method methods – which includes debit/credit cards, e-wallets, and bank transfers – cost just 0.5%.

Don’t forget, if you opt for a UK bank transfer, it can take several days for the funds to arrive. Nevertheless, in addition to deposits, you also need to check what withdrawal fees apply.

Trading Commissions

In most cases, Bitcoin brokers charge a commission on buy and sell orders. This is usually expressed as a percentage rate that is multiplied against the size of your trading order.

For example:

  • In using Coinbase to trade Bitcoin against GBP, you’ll pay s standard commission of 1.49%
  • So, if the trade value amounted to £1,000 – that’s a fee of  £14.90
  • If a few months later you decided to cash out your Bitcoin position and it was worth £3,000 – then again, you would pay 1.49%
  • This means that you would pay a fee of £44.70

Make no mistake about it, there are much cheaper options than Coinbase when it comes to choosing a Bitcoin broker. For example, eToro only charges the spread – which is the difference between the bid and ask price determined by the markets.

Trading Tools

Now that we have covered fees, we can move on to trading tools. These are tools that can aid you when making crypto investment decisions.

Some of the tools offered by the best Bitcoin brokers in the UK are explained below:

Charts and Technical Analysis

Cryptocurrencies are volatile – so expect wild pricing swings. Therefore, if you’re looking to engage in a short-term trading strategy, then it’s a good idea to choose a Bitcoin broker that offers real-time pricing charts.

Moreover, if you’ve got some experience in technical analysis, it goes without saying that you should look for a platform that offers pricing indicators and drawing tools.

Copy Trading and Managed Portfolios 

The copy trading tool is a feature offered by eToro that allows you to ‘copy’ an experienced crypto investor. The main concept here is that instead of attempting to research, analyze, and predict the crypto markets yourself – you can sit back and allow your chosen investor to do this for you.

copy trading etoro review - Best bitcoin brokers in the UK

Crucially, although each and every trade is mirrored in your own eToro account, this is at an amount proportionate to what you invest.

For example:

  • Let’s say that you invest £5,000 into a crypto trader at eToro
  • A few hours later, the trade risks 7% of their portfolio on a Bitcoin buy order
  • In your eToro account, you would see a Bitcoin buy order worth £350 (7% of £5,000 investment)
  • We’ll then say that a few days later, the trader sells their Bitcoin position and makes a profit of 10%
  • The Bitcoin position will also be sold in your account – meaning that you make a passive profit of 10%
  • On a £350 trade, this means you made gains of £35 without needing to do any of the legwork

In addition to copy trading, eToro also offers professionally managed portfolios. One example is the CryptoPortfolio, which contains 20 different tokens at the time of writing.

The portfolio is weighted based on market capitalization, meaning that preference is given to leading projects like Bitcoin, Ethereum, and BNB.

Educational Materials

Unless you’ve got some prior experience of trading digital currencies, it’s a great idea to brush up on your knowledge. With this in mind, it’s wise to choose a Bitcoin broker that not only offers trading services – but educational materials.

This could include everything from long-form guides on how to trade Bitcoin to webinars and videos.

Order Types

Another tool to look for in your search for the best Bitcoin broker in the UK is that of customized order types. This will give you the opportunity to enter and exit trades in a risk-averse way.

For example, the likes of eToro, Binance, and Huobi all allow you to deploy a stop-loss order when you buy crypto. This will instruct the broker to automatically close your position in the event it declines in value by a specified amount – e.g. 10%.

Additionally, the aforementioned brokers also allow you to deploy take-profit orders too. This enables you to instruct the broker to exit your trade when it reaches a profit target – e.g. 30%.

Usability

We mentioned in our reviews of the best Bitcoin brokers that while some platforms are suited for newbies, others will appeal to experienced pros.

In order to determine whether a Bitcoin broker is suitable for your skillset, a good starting point is to have a look around its trading platform.

etoro crypto review - Best bitcoin brokers in the UK

For example, when you register with eToro, you will have access to a free demo facility that allows you to trade with paper money. You can access this feature without needing to deposit any funds, meaning that you can assess whether the platform is suitable before you go any further.

Ultimately, if you open an account with a Bitcoin broker that offers an overly complex trading suite, this could result in you making a costly mistake.

Mobile App

All of the top Bitcoin brokers that we have mentioned on this page offer a top-rated mobile that is compatible with both iOS and Android phones.

  • This means that you can access your crypto portfolio no matter where you are located.
  • This could come in handy in the event that you hear about a new upward trend and you wish to buy a specific crypto asset.
  • Or, if you want to close an open position without delay, it’s just a case of logging into the app.

Either way, if your chosen Bitcoin broker doesn’t offer a suitable mobile app that connects to your main account – it’s best to consider another provider.

Customer Service 

The best cryptocurrency brokers in the UK will offer a top-notch level of customer service. This will usually be offered via a live chat facility – such as that offered by eToro and Crypto.com.

Check to see what days and hours the support team works, alongside the specific communication channels offered. If email is the only option, this means that you might need to wait several days before you hear back from the broker.

How to Get Started with a Bitcoin Broker 

You should now have a firm idea as to which Bitcoin broker is best suited for your skillset and trading objectives.

If you’re looking for some guidance on how to get started with a Bitcoin broker today – this walkthrough will have you set up with the FCA-regulated platform eToro in less than five minutes.

Step 1: Open an eToro Account 

First up – visit the eToro website. Look for the ‘Join Now’ button and a registration form will appear once you click it.

This will initially ask you to enter your first and last name, mobile number, and email address. You also need to choose a username and password.

etoro review

After clicking on ‘Create Account’ you will be asked for some additional personal information – such as your home address and national insurance number. After all, you will need to verify your mobile number. 

Step 2: Upload ID

The KYC (Know Your Customer) process is implemented by all FCA-regulated brokers. It simply means that the broker will need to verify your identity before removing account limitations.

At eToro, you can skip this step until a later date if you are not planning to invest more than €2,000 right now – which is about £1,600.

If, however, you wish to verify your account straightaway – you simply need to upload two documents.

First, for proof of address, choose from an electricity/water bill, bank statement, or any other eligible document. Second, upload a copy of your driver’s license or passport.

Step 3: Deposit Money

Before you can start trading Bitcoin and other digital currencies, eToro requires you to deposit some funds. Choose from an e-wallet like Paypal or Skrill, a debit/credit card issued by Visa, MasterCard, or Maestro – or a UK bank transfer.

buy dogecoin at etoro

The minimum deposit required by eToro is a mere $10 – or about £7.

Step 4: Search for Crypto

You can now search for the crypto that you want to buy. Otherwise, you can click on the “Discover’ button. Then, click on “Crypto.

buy crypto on etoro

This will allow you to browse the full list of markets supported at eToro. When you find the crypto you are interested in, click ‘Trade’.

Step 5: Buy Crypto 

The final step is to create a buy order. eToro makes this part of the process easy – as all you need to do is let the broker how much money you want to stake. However, take note, eToro operates in US dollars.

As such, when you enter your investment size – be mindful that this is being stated in USD and not GBP. Nevertheless, in terms of minimums, you can invest any amount from just $10.

buy crypto on etoro

Finally, to confirm your investment – click ‘Open Trade’.

Cryptoassets are a highly volatile unregulated investment product. 

And that’s it – you have just learned how to buy Ethereum at eToro. Your newly purchased ETH tokens can be found in your portfolio.

Conclusion

In reading this guide, you should now have a firm overview of how to choose the best Bitcoin broker in the UK for your skillset, budget, and trading goals.

All in all, our top pick is eToro – which is regulated by the FCA and requires just $10 to open a Bitcoin account – which is about £7. Moreover, fees are super low and you can instantly deposit funds with your UK debit or credit card.

etoro review

Cryptoassets are a highly volatile unregulated investment product. 

Frequently Asked Questions on UK Bitcoin Exchanges 

What is the best Bitcoin broker in the UK?

How much do Bitcoin brokers charge?

What’s the difference between Bitcoin brokers and crypto exchanges?

Are Bitcoin brokers legal in the UK?

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