Best Bitcoin Brokers in the UK
On this page you find the best Bitcoin brokers for UK citizens. You are welcome to trade Bitcoin from London, Edinburgh, Glasgow or anywhere else in Britain on these big international trading sites:

- Bitcoin, Altcoin Derivatives
- Margin Trading
- Bitcoin Futures
- BTC
- $1 minimum
- High leverage
- Highest liquidity
- Market leader
- Not beginner-friendly
- Not for US traders

- Bitcoin, Altcoin Derivatives
- Margin Trading
- BTC
- 0.001 BTC
- No KYC
- Great customer support
- Not for US traders

- Bitcoin, Altcoin Derivatives
- Margin Trading
- BTC
- USDT
- no minimum
- No KYC
- Free demo account
- Unknown CEO
- Not for US traders

- Bitcoin, Altcoin Derivatives
- Margin Trading
- Bitcoin Futures
- Crypto Spot Market Exchanges
- BTC
- Altcoins
- Fiat Money
- no minimum
- Highly trusted
- Low fees
- 80+ altcoins
- Hacked in 2019

- Bitcoin, Altcoin Derivatives
- Margin Trading
- Futures
- Options
- Crypto Spot Market Exchanges
- BTC
- Altcoins
- Fiat Money
- no minimum
- Wide range of trading products
- FTX pays network withdrawal fees
- Ideal for altcoin short trades
- No demo account
- Complicated instruments

- Bitcoin, Altcoin
- Derivatives (not in USA)
- Margin Trading (not in USA!)
- Crypto Spot Market Exchange
- Bitcoin, ETH, BCH, LTC, XLM, XRP
- Fiat Money
- 50 USD minimum
$5 withdrawal fee (0 in USA) Pro:
- Real crypto purchase
- Relatively low fees
- World-class support
- Anonymity not possible
- No leverage in USA
- Minimum deposit $50 to $1000

- Bitcoin, Altcoin
- Margin Trading
- Bitcoin Futures (not in USA)
- Crypto Spot Market Exchanges
- BTC, Altcoins
- Fiat Money
- 1 EUR | 20 USD | 20 CAD | 150 GBP | 15,000 JPY
- High liquidity
- Margin trading
- Most secure broker
- Deposits can be expensive

- Bitcoin, Altcoin Derivatives
- Margin Trading
- Bitcoin Futures
- BTC, ETH, EOS, XRP
- no minimum
- Advanced order types
- $60 Bonus
- Highly transparent
- Not for US traders

- Bitcoin, Altcoin Derivatives
- Margin Trading
- Crypto Spot Market Exchanges
- BTC, Altcoins
- Fiat Money
- $20 minimum
- Highly trusted
- Amazing trading interface
- Advanced order types
- Hacked in 2016
- Demanding verification

- Bitcoin, Altcoin Derivatives
- Margin Trading
- BTC
- Altcoins
- Fiat Money
- no minimum
- Best Mobile App
- Anonymous accounts
- No trading fees
- High swap rates
- Low transparency

- Bitcoin, Altcoin Derivatives
- Margin Trading
- Crypto Spot Market Exchanges
- BTC
- Altcoins
- no minimum
- Altcoin margin trading
- Unique BTMX rewards system
- Only 10x leverage
- Not for US traders

- Bitcoin, Altcoin Derivatives
- Margin Trading
- BTC
- no minimum
- No KYC
- Advanced orders
- Not for US traders
- Limited order types

- Bitcoin, Altcoin Derivatives
- Margin Trading
- Crypto Spot Market Exchange
- BTC
- Altcoins
- no minimum
- Huge amount of altcoins
- 100 Free DOGE
- Not for US traders
- No live chat support

- Bitcoin, Altcoin Derivatives
- Margin Trading
- BTC, USDT
- 0.0001 BTC minimum
- High leverage
- Simple trading interface
- Major altcoins tradable
- Not for US traders

- Bitcoin, Altcoin Derivatives
- Margin Trading
- BTC
- Fee or Spread Mode
- Demo Mode
- Simple trading interface
- US traders excluded
- Few order settings

- Bitcoin, Altcoin
- Derivatives
- Margin Trading
- Fiat Money, BTC
- no minimum
- Demo accounts
- 3 trading platforms
- Regulated and highly secure
- more products could be available

- Cryptocurrency Spot Market Exchange
- BTC
- Altcoins
- Fiat Money
- 20 $|€ minimum
- Top security
- Unlimited withdrawals
- High volume
- Relatively high fees
- Slow support

- Cryptocurrency Spot Market Exchange
- Bitcoin, Altcoins
- Fiat Money
- 1$; 50RUB; 1EUR minimum
- Many low cap altcoins
- fiat deposits accepted
- excellent support
- Only limit orders
- No stop loss
- Low volume

- Bitcoin Futures
- Derivatives
- BTC
- 0.001 BTC
- Anonymous
- European Vanilla options
- Fast trading
- Bitcoin-only
- Liquidity issues
- No Android app

- Bitcoin, Altcoins
- Margin Trading
- Bitcoin Futures
- BTC
- Altcoins
- USD
- no minimum
- High liquidity
- Advanced order types
- High withdrawal limit
- Leverage not yet for USA
- No more Futures

- Cryptocurrency Spot Market Exchange
- BTC
- Altcoins
- Fiat Money
- no minimum
- Anonymous accounts
- More than 50 altcoins
- Relatively low fees
- Demanding verification
- Lack of a mobile app
- Slow withdrawals

- Cryptocurrency Spot Market Exchange
- BTC
- Altcoins
- No minimum
- Good Liquidity
- Many smaller coins tradable
- Bad support

- Cryptocurrency Spot Market Exchange
- BTC
- Altcoins
- no minimum
- Fast verification
- Good support
- High trading fees
- Liquidity sometimes low

- Cryptocurrency Spot Market Exchange
- Crypto CFD Trading
- BTC
- Altcoins
- no minimum
- Many altcoins
- Altcoin margin trading
- High liquidity
- No advanced orders
- US traders excluded
- Website often slow

- Bitcoin, Altcoin Derivatives
- Margin Trading
- BTC
- Altcoins
- Fiat Money
- 10 USD minimum
- 1 USD micro accounts
- Many payment methods
- Experienced broker
- Also Traditional CFDs
- Support not 24/7
- High fees
- Only basic order types
Fortunately, Bitcoin trading in the UK is absolutely legal and unrestricted. All you need is a trustworthy broker and the minimum amount of trading required. The minimum deposit and trading amount varies enormously depending on the type of platform.
Basically we have to distinguish between 2 types of Bitcoin Brokers.
"Real" Bitcoin Brokers
The first are the ones we call "real" Bitcoin brokers. By that we mean brokers to whom you send real BTCs and also get real BTCs paid out again. Of course you trade the Bitcoin price against GBP (or EUR, USD, depending on your needs). There are Bitcoin brokers where you can only pay out BTC again, so there you only trade price differences of the BTC against GBP. With other Bitcoin Brokers, a GBP profit can also be paid out, but this requires customer verification, which is not the case with pure BTC transactions. Only in the case of fiat money transactions (deposits or withdrawals) are brokers obliged to verify the identity of their customers.
Forex Brokers with Bitcoin Trading
The 2nd general group of Bitcoin brokers are those we call "not real" because they do not allow Bitcoin payouts. These are usually large international regulated forex brokers or CFD brokers. They only trade price differences based on the fiat currency paid in, such as GBP in the UK.
Here it is therefore opposite to the group of "real" Bitcoin brokers. With the latter, BTC is paid in, price differences are traded in long and short trades in order to cash out BTC again. In the other case, British pounds are paid in, the BTC price difference is traded in order to cash out GBP again. With such Forex or CFD brokers you always have to verify yourself completely before you are allowed to trade at all.
However, there are now also forex brokers who accept Bitcoin deposits and withdrawals. The borders are a bit blurred. A striking difference, however, remains the issue of ID verification, which is only ever necessary for forex brokers. On the other hand, there are much more deposit options, such as bank transfer, credit card, Paypal, Skrill or others.
Depending on your requirements and objectives, you have to choose the right type of broker.
UK Tax Directive For Bitcoin & Co.
Regarding tax on cryptocurrencies there is a guideline called "Cryptoassets for Individuals" published by the UK Government in December 2018. It provides guidance on what people should pay attention to when taxing Bitcoin and other cryptocurrencies.
Tax on Holding Bitcoin in the UK
As the guidelines show the government believes that most individuals hold Bitcoin & Co. to make a profit. Ultimately, the capital gains tax will be levied first.
Income tax and insurance contributions would be payable accordingly in case people also mined cryptocurrencies or received Bitcoin from their employer for certain services.
Tax on Trading Bitcoin in the UK
Bitcoin trading regulation are based on securities: When Bitcoin & Co. get traded, the legislation is based on the existing regulations on securities. This means that according to the governmental guidelines for crypto taxation a trade with crypto assets is to be classified similarly as a trade with shares, securities and other financial products.
Therefore, the approach to determining whether or not trading is conducted would be similar. The existing case law on trading in shares and securities can be used as a guide".
Ultimately, however, it has to be decided on a case-by-case basis, as the authority cannot automatically assume that it is "trading" in the strict sense. This is not the case, for example, if one cryptocurrency is exchanged for another.
In addition, however, it is also possible to assert losses in trading in the tax return by drawing up a corresponding cost accounting.
Loss of Private Keys
The Authority also recognizes that everyone is responsible for their own private keys. Nevertheless, in the event of a loss, this can be claimed from the authority:
If you should lose your private keys you have no more access to the crypto asset, never again. The private key then still exists as part of the cryptography, but is no longer known to you. The crypto assets also remain in the respective distributed ledger. This means that the loss of the key is not considered a sale in the sense of capital gains tax."