Best Crypto Exchanges for UK Investors: Why Uphold is Leading the Pack
Last updated:
October 14, 2024 09:52 EDT
Editor for Partnerships
Mao Orillana
Editor for Partnerships
Mao Orillana
About Author
Mao is the Editor for Partnerships and Sponsored Content at Cryptonews. With five years in the crypto industry, she collaborates with partners to bring the latest updates and insights to our readers.
Author Profile
Share
Copied
Last updated:
October 14, 2024 09:52 EDT
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content. While it has undergone editorial review to ensure quality and relevance, it may not reflect the views of Cryptonews.com and is clearly distinguished from our independent editorial content.
The UK’s crypto market is expected to
reach 23.95 million users
by 2025. To cater to this increasing demand from UK traders, Uphold offers over 300 coins for trading, in addition to stablecoins, commodities, and forex markets. With a transparent and competitive fee structure, daily market updates, and a range of financial products like instant asset swaps and secure vaults, Uphold has attracted 10 million users globally.
As Uphold quickly becomes a popular platform, let’s take a look at what makes it one of the best crypto exchanges for UK traders!
Is Uphold Regulated in the UK?
Uphold is an FCA-registered crypto platform
, which enhances its credibility and boosts market confidence.
This regulated
crypto exchange utilizes cold storage
for user fund safety and maintains 100% proof of reserves. Other security standards enforced by Uphold include sophisticated encryption, third-party due diligence checks, round-the-clock monitoring, a bug bounty program, and regular security audits.
Additionally, Uphold has achieved
SOC 2 Type 2
certification following an extended period of rigorous evaluation of the exchange’s systems and processes.
Moreover, staff members at Uphold undergo background checks and routine privacy training to ensure platform security. Meanwhile, users can utilize security measures such as identity verification, strong passwords, and 2FA authentication to protect themselves and their funds. All these features make Uphold one of the most secure crypto exchanges in the UK.
Visit Uphold
Multi-Asset Trading Made Easy for UK Traders
UK investors looking to trade a wide range of crypto assets will find Uphold to be an excellent place to start. Here, you can buy, sell, and trade over 300 crypto, including Bitcoin, SOL, DOGE, TON, PEPE, SUI, SEI, TAO, POPCAT, WIF, and many more.
This vast selection ensures you can take advantage of all the exciting crypto opportunities, whether it’s meme mania, the AI craze, the safety of major coins, or the L1 race.
What’s even more exciting is that, in addition to stablecoins like
USDT
, USDC, DAI, PYUSD, and TUSD, you can also trade forex markets. The options are equally diverse, ranging from CNY, USD, and EUR to NZD and MXN.
Moreover, while conducting this Uphold UK review, we found that it also allows you to trade precious metals like silver, gold, and platinum. This makes Uphold a multi-asset trading platform, enabling you to spread risks across multiple asset classes, diversify your portfolio, and enhance your exposure. These features can lead to more consistent returns and improve your risk-adjusted returns.
Why Uphold is a Go-To Platform For Cross-Asset Trading
Uphold allows you to buy crypto in the UK and trade between crypto and fiat with ease.
With just a few clicks, you can execute complex trades, simplifying the
crypto trading
experience for UK users and empowering them to take control of their investing journey.
Uphold supports both traditional and crypto markets and enables instant conversions between asset classes. Seamless switching between popular crypto and fiat currencies makes it quick and effortless to move from one market to another and take advantage of diverse opportunities.
Transparent Fees and No Hidden Costs for UK Traders
Uphold is an attractive option if you’ve been looking for a
UK crypto exchange
with low fees. The exchange features a transparent fee structure, charging a 0% trading commission. However, that doesn’t mean there are no fees. Instead, you pay the spread fee, which is the difference between the bid and ask price.
The spread fee for
Bitcoin and Ethereum
ranges from 1.4% to 1.6%, while it increases to 1.9% to 2.95% for altcoins. Notably, less liquid tokens incur higher fees, especially during periods of high volatility. For most stablecoins and major FX markets, the spread fee is 0.25%; for precious metals, it’s between 1.9% and 2.95%.
Additionally, Uphold charges a fee of $0.99 for trades below $500, though this doesn’t apply when using Uphold’s crypto debit card in the UK or when utilizing Trailing Stop or Take Profit features.
Moreover, both fiat deposits and withdrawals for UK users are free, though
daily, weekly, and monthly limits
apply.
How to Spend Crypto in the UK Using the Uphold Debit Card
An exciting feature that UK traders get exclusive access to with Uphold is its crypto debit card, which allows holders to spend crypto at over 50 million merchants worldwide. Any asset you hold on Uphold can be automatically converted into fiat for use with your card.
Whenever you use your Uphold Card, you earn cashback on all purchases, and you can also save on high FX rates that banks typically charge when traveling abroad.
To use the card:
Create an account on Uphold, get verified, and request a debit card.
Fund your Uphold account with fiat or crypto.
Use your Uphold card to make online or in-store purchases, just like a regular debit card.
Track your spending and view the conversion rates directly in the app.
Trade Anywhere, Anytime on Desktop or Mobile
A market like crypto, which operates 24/7/365, requires that you have access to your account anytime, anywhere. Uphold ensures this by being accessible both on desktop and mobile. With its user-friendly interface, traders of all experience levels can easily make trades.
Simply select a funding source, choose the crypto you want to buy, input the size of your investment, and you’re done.
As an FCA-registered crypto platform, Uphold offers real-time trading, transparency, and balance monitoring, enabling you to make the most of the myriad opportunities available to you. Moreover, you can use its VAULT for instant trading and self-custody of crypto and UpHODL to access Web3.
Why Uphold is Becoming Home for UK Traders in 2024
The multi-asset trading platform offers UK traders an easy, safe, and transparent way to buy, sell, convert, hold, and transfer an extensive range of cryptocurrencies, FX, and commodities. Moreover, there are no commissions or deposit fees—just a spread. UK traders can also enjoy a cashback debit card from Uphold, all while being confident in the security of their funds.
So, if you’re looking for a secure, multi-asset platform with zero commission fees and a cashback debit card, why not give Uphold a try today?
Visit Uphold
References
Cryptocurrencies – UK
(Statista)
UK Introduces Bill to Clarify Crypto’s Legal Status
(Coindesk)
SOC 2: Compliance
(Google)
Follow us on Google News
