Compare Cryptocurrency Brokers for UK Trading

What are the most reputable cryptocurrency brokers in the UK?

Cryptocurrency trading is in it's infancy, and there are firms popping up everyday that claim to be cryptocurrency brokers in the UK. however, in reality cryptocurrency, is just another currency or asset class, no different to Gold, which is actually traded against the USD. So if you are looking for a cryptocurrency broker in the UK there are many established brokers that are adding cryptocurrency to their offering.

Which are the best CFD cryptocurrency brokers in the UK?

We highlight the best cryptocurrency CFD brokers in the UK above in our cryptocurrency broker comparison tables. Only FCA regulated brokers based in the UK are included in the crypto comparison, as client funds are protected under the FSCS scheme.

Trading cryptocurrencies through a spread betting broker means your profits are free from capital gains tax. Although this is subject to change, it means that spread betting on cryptocurrencies is one of the most cost-effective ways to trade.

Compare the best spread betting accounts that offer access to digital currencies.

Comparing FCA regulated cryptocurrency brokerage firms

It's important to avoid cryptocurrency scams by only using a fully FCA regulated cryptocurrency broker. Some brokers can give access to Bitcoin futures on the CME, offer cryptocurrency spread betting of CFD trading on cryptocurrencies.

You can find cryptocurrency specific brokers here:

• Bitcoin brokers
• Ethereum brokers
• Ripple brokers
• NEM brokers
• Monero brokers
• Litecoin brokers
• Dash brokers
• Bitcoin Cash brokers

Top ten brokers that trade cryptocurrency

If you are looking for the top ten brokers that trade cryptocurrencies, there is no definitive list. This is because brokers that trade cryptocurrencies vary dramatically depending on your requirements. Some crypto brokers offer tight pricing, but no added value. Other crypto brokers offer lots of research, analysis and data. So it really depends on what you are looking for. That said, all the cryptocurrency brokers listed in our comparison tables should be considered to be in the top ten.

Where to find Bitcoin CFD brokers

Trading bitcoin on CFDs is one of the most popular ways to trade as you can speculate on margin and profits whether the price goes up or down. You can view the best CFD brokers in the UK in our comparison tables. As there are now Bitcoin futures on the CME, it;s easier for broker to hedge so now most CFD brokers offer Bitcoin CFDs.

Are there any Bitcoin MT4 brokers in our lists?

Yes, you can view our MT4 brokers comparison table if you want to trade Bitcoin on MT4. trading Bitcoin on MT4 is no different to trading any other currency (in theory). In practice, Bitcoin is far more volatile, the spreads are wider and it is more expensive to hold overnight positions. This isn't just for Bitcoin MT4 trading, it applies for trading Bitcoin in general.

How to trade and buy cryptocurrencies

If you want to speculate on the price of cryptocurrencies there are basically two ways to do it.

1. Go to a bitcoin exchagne and buy some bitcoin.
2. Trade it with a derivatives (CFD or spread betting) broker

If you buy through a bitcoin exchange, you just buy the bitcoin and tuck it away hoping the price will go up.

The disadvantage here is that if you buy $10,000 worth of Bitcoin you need to pay $10,000 for it. The advantage of this of course is that, that is your risk. If Bitcoin goes to zero you lose $10,000.

Or you could speculate on the price through a broker like ETX. Derivatives brokers allow you to speculate on whether or not the price will go up or down without actually owning it.

If you trade Bitcoin through a spread bet, then you don;t have to pay capital gains on your profits. Of course, if you lose money you can't offset it against investment profits.

Also, trading on leverage is massively risky. Especially in crytocurrencies are very new and many think they are going to zero.

See JP Morgan Chase CEO Jamie Dimon calling Bitcoin a fraud and that it will go to zero, but he wouldn't dare short it as there is no telling how high it could go.

So there you go, potentially massive rewards but equally massive and catastrophic loss risk.

For further information you can read our article how and where to trade bitcoin with a UK broker...

US cryptocurrency brokers for trading Crypto in the USA

We generally on feature cryptocurrency brokers for UK trading, but if you are looking for a cryptocurrency broker for US trading you can view our US crypto broker comparison table here.