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5 best crypto apps UK 2022

best crypto apps uk

Trading cryptocurrencies like Bitcoin has become easy thanks to the emergence of crypto mobile apps available on the go, perfect for the 24/7 crypto markets. Today, there are hundreds of apps that support cryptocurrency trading. This makes it difficult for traders to choose one.

This guide explores and reviews some of the best crypto apps in the UK, how to choose the best crypto app for you, and how to use crypto trading apps for your first cryptocurrency investment.

The best crypto apps UK for 2022

This section looks at the best crypto apps in the UK and what makes them tick. 

  1. eToro – Overall Best Crypto App UK
  2. Crypto.com – Best Crypto Trading App for Cashback Rewards
  3. Huobi – Best Crypto App with Multiple Payment Option
  4. Coinbase – Best Crypto App UK for Beginners
  5. Binance – Best Crypto App for Asset Diversity

The top crypto apps UK review

Now that you know the top crypto apps for UK investors let’s dig a little further by reviewing what they are and how they operate.

  • eToro – Overall best crypto app UK

eToro is a social trading platform that combines a sense of community and financial investment services. The online broker operates more like a social network and creates a tight bond between investors. eToro offers modest support of 43 digital assets but stands out in several other ways.

The eToro platform also features an advanced trading tool called CopyTrader. This functionality allows new investors to copy the successful trades of more advanced investors. So, new investors can avert the risks they’d likely suffer if they placed a trade without the needed guidance.

CopyPortfolio is another functional tool that makes the platform an ideal spot for its 23.2 million users. This in-house management tool enables investors to diversify their portfolios across top-performing industries and industries. 

eToro is often recommended on top online review sites as the overall best crypto app UK wise and worldwide. 

eToro is a fully regulated crypto trading app and is licensed by the UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC), and the Financial Industry Regulatory Authority (FINRA).

Fees are competitive as you won’t be charged for deposits and maintenance. Deposit options include wire transfer, credit/debit card, PayPal, Skrill, Neteller, and others. 

The minimum initial deposit is pegged at $10 (about  £7.35) for US and UK users, and subsequent deposits are pegged at $50 (about £36.74).

Pros

  • Heavily regulated
  • Multiple payment options
  • Profit maximisation tools
  • Social trading platform 

Cons

  • Dollar-denominated accounts

Download the eToro crypto app.

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

  • Crypto.com – best crypto trading app for cashback rewards

Crypto.com is another popular crypto trading app investors can use to interface with the industry. The Singapore-based Bitcoin exchange is known for its bold approach to crypto investment.

The platform reportedly allows investors to buy digital assets at their true cost. Crypto.com offers support for over 250 digital currencies and features many other useful services. One of such is the Crypto.com Visa Card, which allows users to earn rewards for using the debit card. Split across five-card tiers, Crypto.com Visa card users can earn as much as 8%. 

Also, Crypto.com allows investors to earn returns on their digital funds. Interest rates are split across stablecoins, which generate 14.5%, and other crypto-assets that net users as much as 14% interest.

Crypto.com has deep liquidity, and its fee structure is tiered. Level 1 traders are charged a flat fee of 0.4%, with a 10% discount dropping the fee to 0.36%.

Pros

  • Cashback rewards for card users
  • Handsome crypto library
  • Has large volume of fiat support

Cons

  • Fees are steep

Get the Crypto.com app.

Your capital is at risk.  

  • Huobi – best crypto trading app with multiple payment options

Visiting the Huobi Global website for the first time will leave you wondering where to begin. The Bitcoin exchange is super-busy, with a lot of buttons to click. However, buying crypto on Huobi is a simple task to complete.

The website offers up to 60 different payment methods, including bank wire transfers, credit/debit cards, various e-wallet solutions, and peer-to-peer (P2P) payment channels. 

Huobi is also unique for its insurance coverage for user funds. The Bitcoin exchange reportedly holds a dedicated amount of BTC in a secure reserve fund as a form of insurance. Huobi charges a flat rate of 0.2% and tries to incentivise users, as holders of the Huobi Token (HT) enjoy a 10% discount. 

Huobi requires new users to complete a compulsory KYC process by uploading their driver’s license or official passport. However, the crypto exchange is not regulated by any global body.

Pros

  • Multiple payment methods
  • Handsome collection of crypto assets
  • Incentivises holders of its Huobi Tokens

Cons

  • Platform is too busy and can lead to confusion 

Get the Huobi app.

Your capital is at risk.

  • Coinbase – best crypto app UK for beginners

Coinbase is known for its straightforward onboarding process for new users. Launched in 2012 by current CEO Brian Armstrong, Coinbase is the number one crypto platform that beginners can use as a launchpad into the crypto ecosystem.

Coinbase is user-friendly and enables investors to buy, sell, and exchange digital currencies with the tap of a button. Regarding the number of crypto assets on tap, Coinbase offers trading for over 300 decentralised currencies — with new ones added regularly. 

Coinbase is regulated by the UK’s FCA and the Financial Crimes Enforcement Network (FinCEN). Deposit methods include an automated clearing house (ACH), debit card, Google Pay, and ApplePay. Fees are variable, and you can get started with a low deposit of $2. 

Coinbase also offers a Pro version for more advanced traders, and this comes with state-of-the-art trading tools and indicators.

Pros

  • Very low minimum deposit
  • Beginner-friendly
  • Streamlined and easy-to-use

Cons

  • Hidden fees can downsise capital

Get the Coinbase crypto app.

Your capital is at risk.

  • Binance – best crypto app for asset diversity

Binance is the world’s largest Bitcoin exchange by trading volume. The exchange was launched in 2017 by Changpeng Zhao and has become the premier force in the crypto trading industry.

Binance’s exponential success has been a combination of innovation and resilience. The crypto platform is one of the fastest crypto onboarding exchanges for upcoming digital assets. This has since seen over 500 cryptocurrencies call Binance home. 

Added to this, Binance Earn is one of the most sought-after passive income-generating tools. Investors can easily lock their digital assets for a particular period and generate returns on their investment.

Binance charges a 0.10% flat rate, but this can be reduced by 25% if a user holds Binance Coin (BNB). Minimum deposit starts at $10, and deposits are possible via a bank wire transfer, debit card, and P2P channels.

New users are required to complete a routine KYC process and will need to upload a copy of their driver’s license or official passport. The next step is to complete a face verification process.

Pros

  • Most trusted crypto brand
  • Large collection of digital assets
  • Enables KYC process for new users

Cons

  • Unregulated

Get the Binance crypto app.

Your capital is at risk.

How to choose the best UK crypto app for you

If you’re just entering the crypto scene, you may find it difficult to know which best crypto app UK you should work with. Here are a few metrics you should look out for when choosing a crypto app.

  • Regulation

You should first find out if any recognised global body regulates the crypto app. The crypto ecosystem is not regulated, making it easy for questionable characters to come into the space. 

A regulated exchange or broker means that your assets and details are secure from hacks. We recommend using a platform that’s heavily regulated like eToro.

  • User Experience

Some platforms are a great choice for desktop applications but can be a nightmare if you go mobile. Select a platform that offers the same user experience as their desktop application if you are always on the move. 

This way, you won’t have to revert to your desktop to carry out trades constantly. Another thing will be to check if the mobile app is compatible with Android, iOS, and Windows devices.

  • Tradable Cryptos

The amount of crypto a platform supports will go a long way in making your trading experience exciting. If a platform doesn’t offer established crypto brands like BTC, ETH, and several others, you may not profit from other market movements happening in other assets. This can seriously hamper your investment flexibility.

  • Fees

Fees are a thorn in many investors’ flesh and should not be toyed with. If a platform has high or hidden fees, this can go a long way in eroding your capital and potential profits. eToro has a clear fee structure, and you can easily predict how much you will pay in charges.

  • Tools and Features

The more tools a platform boasts of, the more enjoyable it is to trade the crypto market. Finding a platform with unique trading features is rare, and in this regard, eToro is a clear winner. You can use the CopyTrader to copy trades of more advanced traders. 

There’s also the CopyPortfolio functionality to better diversify your portfolio across top-performing asset classes and regions, and crypto staking on Ethereum, Cardano and Tron.

  • Payment Methods Supported

A large payment network means more flexibility. The best crypto app UK wise for you should offer a range of traditional and digital payment methods, including bank wire transfer, credit/debit card, e-wallet solutions like PayPal, and several others.

What is the best crypto wallet App?

The crypto boom has seen the need to secure investors’ funds. While several options are available, using the best crypto wallet app is a top priority.

The free eToro Money Wallet comes is our top pick for the best crypto wallet app. With support for over 120 digital assets, you can buy, sell, exchange, and store all your digital funds safely on the digital wallet. Added to this, you get access to trade over 500 crypto-to-crypto pairs and also a backup seed phrase recovery system. 

eToro’s crypto wallet is regulated separately by the Gibraltar Financial Services Commission (GFSC), adding another layer of security.

How to use the best crypto trading app UK

Getting started on the best crypto app UK is super easy. Here are the steps to follow.

  • Download app

eToro comes with a mobile app compatible with both Android and iOS devices. Head over to the eToro.com website on your handheld device and follow the download links to ensure you download the official app.

  • Sign up

You’ll be required to upload a copy of your driver’s license and utility bill after entering your email address, password and other user details. Alternatively, you sign up using Facebook or a Google Plus account.

  • Deposit

Tap on the ‘Deposit Funds’ button to access the funding page and insert how much you want to deposit. Select a payment method and follow the on-screen prompts to conclude the process.

  • Buy cryptos

Type the ticker symbol into the search bar and click on ‘Trade’ to open up the order page to buy crypto. Insert how much of the digital asset you want to invest in and click on ‘Open Trade’ to complete the process.

Conclusion

Cryptocurrencies are here to stay, and more investors are piling into the industry. The crypto ecosystem has since crossed the $2.5tn valuation and is expected to grow even higher in the coming years. 

Looking to buy cryptocurrencies like Bitcoin, we recommend using eToro as the best crypto app in the UK for investors who plan to enjoy competitive fees, advanced tools, and a fun community.

Download the eToro crypto app.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This article is part of a paid partnership with Finixio on behalf of financial services company eToro.