The platform is also known for its convenience in crypto payments, supporting the use of digital currency for various transactions. The platform charges a monthly fee for crypto trading and has relatively low withdrawal limits. For Standard/Plus customers, the Bitcoin transaction fee is 1.49%, and for Premium/Metal users, it’s 0.99%. Supporting thousands of cryptocurrencies across over 50 major chains, I found that BestWallet enables easy buying, selling, holding, and swapping within a single app. Uphold takes a unique approach with commission-free trading, but instead, they charge spreads, which typically range from 0.8% to 1.2% depending on the crypto being traded.

Sign up for great investing stock tips

Gemini’s crypto trading app is intuitive and user-friendly, making it accessible to both beginners and seasoned traders. The platform offers a range of account types, including demo, traditional, professional, and student accounts. Uphold offers a lot of flexibility by allowing users to trade across multiple asset classes, including cryptocurrencies, precious metals, and even stocks. It supports over 200 cryptocurrencies, which is excellent for UK traders looking for variety. The platform’s interface is straightforward, making it suitable for both beginners and experienced traders.

Revolut — Convenience of multiple financial possibilities

Open online money accounts in multiple currencies to spend abroad like a local. Transfer money for free when sending between Monese accounts, no matter the country or currency. Send and receive money through the UK Faster Payments network instantly, with no fees. How important this is will of course depend on your particular situation and requirements, and where you are in your crypto journey.

How do you choose a share dealing platform?

• Some trading apps offer retirement accounts, like Self-Invested Personal Pensions (SIPPs) in the UK, which come with tax benefits to encourage saving for retirement.
• In addition to her work with UK.StockBrokers.com, she has written extensively for major publications including BBC, The Times and Bloomberg.
• The first thing we do when testing is to check every detail and test every tool and instrument.
• It means that if a scam occurs so that an individual’s holdings reduce to zero or are even stolen, there is little that the UK Government or the FCA can do to help you.
• For this to work, equivalent standards must be present in that country as well as suitable and effective cooperation mechanism.

That’s down to the number of investors now trading digital tokens and coins and the sheer number of digital assets continually established or created. Another helping hand to the asset class’s liquidity is that it is open 24/7. That means more people can access the market bitcoin era trading and its exchanges, further supporting liquidity. Having a liquid asset is a considerable comfort to investors as it means they can exit positions should they need cash quickly. Finally, you need an exchange that offers the range of digital currencies you want to trade. In this way, looking at exchanges for their asset range is much like looking at foreign currency exchanges.

Why you should and shouldn’t invest in crypto

You can read about my process and methodology for reviewing platforms here, ‘how we test‘. The revenue in the cryptocurrency market in the UK is projected to reach US$1.89bn in 2024, with an annual growth rate of 18.84%2. Visit our sister site, TheInvestorsCentre.com, for Global investment insights and advice. His key areas of interest and expertise are cryptocurrency and blockchain technology. So you’ll still be spending, sending and saving your money – just with a slightly different account type and account provider.