Best Crypto Exchanges In The Uk For 2020: Top Platforms Reviewed
The cryptocurrency market gained significant momentum in 2020, and for UK-based investors, choosing the right exchange was more important than ever. Whether you were a first-time buyer looking to pick up some Bitcoin or an experienced trader managing a diverse portfolio, the platform you used made a real difference in terms of fees, security, supported assets, and regulatory compliance. To help you navigate the options, we've rounded up the top crypto exchanges available users in 2020, breaking down what made each one stand out.
1. Coinbase — Best for Beginners
Coinbase consistently ranked as one of the most beginner-friendly crypto exchanges available to UK users in 2020. Regulated and compliant with FCA guidelines, it offered a clean, intuitive interface that made buying selling, and storing digital assets straightforward even for those with no prior trading experience. The platform supported GBP deposits via bank transfer and debit card, which significantly lowered the barrier to entry for new users. Its Coinbase Pro tier also catered to more advanced traders with deeper order books and lower fees, making it a versatile choice across skill levels.
- FCA-compliant and trusted by millions of users globally
- Simple onboarding with ID verification completed quicklySupportsBP deposits via bank transfer and debit card
- Offers Coinbase Pro tier for advanced reduced fees
- Built-in crypto wallet with insurance custodial holdings major including BTC, ETH, LTC, and XRP
2. Binance — Best for Altcoin Variety
Binance emerged as a powerhouse in 2020, offering UK traders access to one of the largest selections of cryptocurrencies available any single platform. While it was better suited with some existing knowledge of digital assets, its competitive fee structure and deep liquidity made it extremely attractive for anyone looking to go beyond the mainstream coins. In 2020, Binance introduced a dedicated-friendly supported GBP onramp options, which helped it capture a growing share of the British market. The platform also offered futures staking, and savings products who wanted to put their holdings work.
- Hundreds of trading pairs including rare emerging altcoins
- Industry-low fees with additional discounts for BNB holdersHigh liquidity across major and minor trading pairs
- Advanced charting tools and order types experienced traders
- Staking, savings, and yield-earning features built into the platform
- Mobile app available for iOS and Android with full functionality
Recommendation
For most UK users in 2020, Coinbase stood out as the top overall, particularly just getting started with cryptocurrency. Its regulatory standing, ease of use, and GBP support removed much of the friction that often puts new investors off. That said, traders were already comfortable with the and wanted access to a broader range of assets would have found Binance to be the stronger option especially given its fee advantages and extensive coin listings. Your best choice ultimately came down to your experience level and what planned to trade — but either represented a solid, reliable foundation for building crypto portfolio in 2020.
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