Peculiar to Proof-of-Stake (PoS) networks, crypto staking has become a popular means for holders to put their idle digital assets to use and earn passive income. Since there's good money to be made, this article explains what to consider when choosing the best platform to earn staking rewards besides proposing a few select ones.

## Understanding crypto staking 

[Crypto staking](/news/article/what-is-staking-crypto) imitates a regular savings account where users lock up their cryptocurrency for a specific time to secure the network. The platforms use the staked funds to process transactions and strengthen themselves from attack. Stakers, for their effort, earn staking rewards, a portion of the transaction fees made by the platform. Through staking, users of a particular blockchain unite to ensure the blockchain's integrity and security.

## How to stake crypto 

The process of staking crypto is usually similar for most PoS cryptocurrencies:

### Step 1: Buy a PoS cryptocurrency

### Step 2: Choose a digital wallet that supports staking (MetaMask and Atomic are good examples) for the coin you want to stake.  
 
### Step 3: Transfer your cryptocurrency to your digital wallet. (It’s safer using your wallet instead of the ones offered by exchanges).

### Step 4: Stake directly to a validator or join a staking pool

### Step 5: Start earning rewards. The system automatically adds your rewards to your staked amount, enabling you to earn more the in the next earning round.  

Considerations when choosing the best crypto staking platform
It would help to consider the following factors before deciding on the best staking service provider.

The number of stakeable coins: The greater the number of stakeable coins, the more avenues for generating passive income, meaning you can spread your risk across many tokens. 

APR on Offer: The Annual percentage return (APR), also known as annual percentage yield (APY), should be a key consideration. The higher the APR, the more income you generate. 

Fees: Research the fees charged when looking for the best crypto staking platform and weigh your options carefully since some offer zero fees for staking.

Security: The security of your cryptocurrency is paramount. Before signing the dotted line, determine if the platform is regulated by any global body and its security measures.  

## Best crypto platforms for staking

Since most native exchanges offer users a chance to earn passive income from staking, we will introduce five leading platforms so you can choose the best crypto staking platform for you.

1.  Crypto.com 
The Singapore-based [Crypto.com](https://crypto.com/earn) runs a crypto staking pool and allows users to stake on several leading coins, including Bitcoin (BTC), Cardano (ADA), Ethereum (ETH), its native token Cronos (CRO) and at least 40 others. The platform offers flexible and locked staking and charges 2.99% staking fees. The most notable features include the following: 

•	Deep liquidity.

•	A wide variety of assets.

•	Higher earnings if you stake Cronos.

•	Access crypto at the actual cost.

•	Lock-up period of up to 90 days.

•	APR – 14.5%.

2.  Binance Earn 
Launched in 2017 and considered the largest cryptocurrency exchange worldwide, Binance trades more than $65 billion daily and is loved by crypto users globally. It runs a crypto staking platform called [Binance Earn](https://www.binance.com/en/defi-staking) that offers DeFi, locked and flexible staking, and doesn’t charge staking fees. Some features include: 

•	Supports most PoS coins.

•	High-interest rates.

•	Different deposit options.

•	Lockup period up to 90 days maximum.

•	Supported coins: Most PoS coins.

•	APR is variable.

•	Interest distributed daily.

•	High-level security.

3.  Kraken 
The US-based [Kraken](https://pro.kraken.com/) cryptocurrency exchange is popular as it’s built to attract newbies and expert cryptocurrency investors, offering many tradable digital assets. Kraken provides a sizeable crypto staking library allowing users to earn from at least 12 coins. The platform offers an option to pay staking rewards in fiat currencies like the USD and Euro. Key features:    

•	Offers cryptocurrency and fiat staking.

•	Off-chain staking available.

•	Efficient staking experience.

•	Flexible and locked staking.

•	Interest paid twice weekly.

•	Variable staking fees.

•	Supports 12 PoS coins.

•	APR – Variable.

4.  eToro 
Staking is free for members of various [eToro](https://www.etoro.com/crypto/staking/) clubs, but the earnings vary based on the particular membership plan. The staking rewards are split according to membership category: Bronze - 75% of the yield, Silver, Gold, and Platinum – 85%, while Diamond and Platinum+ earn 90% of the yield. APR is between 5 and 6.25%. The eToro platform currently supports three cryptocurrencies for staking, namely Ethereum (ETH), Cardano (ADA), and Tron (TRX). Features include:

•	High yield ratio.

•	High-level security.

•	Social trading capabilities.

•	Locked staking.

•	Variable staking fees.

•	Interest paid monthly.

5.  Gemini 
[Gemini exchange](/news/article/gemini-staking-support-launches) is a state-of-the-art crypto staking platform offering staking rewards of up to 8.5% APR besides allowing staking for stablecoins. The platform provides zero transfer and withdrawal fees, with no minimum staking amount or hidden costs. Some notable features include:    

•	Supports over 40 coins.

•	Offers cold storage.

•	Regulated by New York State Department of Financial Services.

•	No staking fees.

•	Variable APR.

•	Interest paid monthly.

## Conclusion

This guide has discussed crypto staking, choosing the best platform, and a rundown of the leading platforms and the coins they allow staking on. If you're going to put your hand into your pocket to trade, do more research and only put in an amount you can afford to lose.


Best Crypto Staking Platform Review

Security is a major concern for cryptocurrency investors as cyber thefts are increasing. In 2022 alone, hackers have drained more than [$3 billion](https://cointelegraph.com/news/scary-stats-3b-stolen-in-2022-as-of-hacktober-doubling-2021) worth of cryptocurrencies from investor accounts. Thus, the demand for the best crypto wallet among investors in th UK and beyond is also growing.

But choosing the right one for your needs can be a challenging task. You not only have to look at its security, but several other features as well. The choice between [hot and cold storage](/news/article/best-crypto-wallet), which currencies it supports, and the authorities' approval are crucial.

We have reviewed and listed seven top names if you are seeking the best crypto wallet in the UK. Let's get started!

## Top picks for best crypto wallet UK

What might be the best crypto wallet UK option? Explore our top picks to find out.

## 1.   Coinbase wallet
Coinbase is one of the most reputable names among [crypto exchanges](/news/article/best-exchanges-for-crypto-uk). It allows storage for the safekeeping of your digital assets, too. Unlike many exchanges which store your assets on their servers, it gives you self-custody through its wallet.

The [Coinbase UK wallet](https://www.coinbase.com/wallet) supports more than 4,000 tokens. It is also compatible with numerous fiat currencies, including GBP, EURO, USD, and others. It is the top choice of investors worldwide, making it ideal for UK investors. 

The option of non-custodial storage and stashing cryptocurrency offline makes it one of the most secure software wallets. Furthermore, it gives you access to various DEXs and decentralised apps, which means you can easily make transactions using one platform. The platform also offers an easy-to-navigate interface, which is a good option for beginners. 

### Pros

•	Coinbase exchange integration option.

•	More than 4,000 tokens.

•	Choice of custodial and non-custodial storage.

•	User-friendly interface.

•	Global popularity.

### Cons

•	High trading fee.

## 2.           eToro wallet
[eToro wallet](https://www.etoro.com/crypto/wallet/) is another UK exchange storage option that covers almost all investors' needs. It deals in digital assets and offers stocks, exchange-traded funds, Forex, and commodities. Furthermore, the platform allows you to make better trades through its copy trading services.

You can get a non-custodial wallet with [eToro](/news/article/etoro-uk-review), which gives you more control over your assets and private keys. Additionally, the platform is authorised by the Financial Conduct Authority ([FCA](https://www.fca.org.uk/)), which ensures that the company takes responsibility for your asset’s security. 

It can also be an ideal solution when considering the finest [Bitcoin wallet](/news/article/top-rated-bitcoin-wallets-uk) in the UK. It provides a secure channel for purchasing, selling, and storing your [BTCs](/coins/btc). Its interactive UI offers a straightforward procedure for signing up and making trades.

### Pros

•	FCA-approved platform.

•	Copy trading feature.

•	Both custodial and non-custodial storage.

•	Ideal for securing BTCs.

•	Interactive UI.

### Cons

•	Lacks advanced features.

## 3.           MetaMask
[MetaMask](https://metamask.io/) is one of the most highly regarded crypto wallet extensions available in the market. It has been operating in the industry since 2016 and has become a go-to storage option globally. Most of the DeFi platforms and DApps are compatible with the Metamask extension. As a best crypto wallet UK option, it can be an efficient choice for you, whether you’re an investor, an NFT collector, or a gamer.

Additionally, the Web3 wallet is relatively easy to set up as it does not demand too many personal details. Though it is known for its browser extension, there is also a mobile-friendly option. iOS and Android users can easily manage their assets on phones with this storage option.

It also supports all Ethereum-based tokens, including ERC-20 and ERC-721.

Moreover, you can manually import tokens from other networks on Metamask wallet and [withdraw funds](/news/article/how-to-withdraw-from-metamask) to your bank account. It also offers the Swap feature, which allows you to exchange your tokens within the platform.
 
### Pros

•	Supported by various DeFi platforms.

•	Crypto wallet browser extension.

•	No personal details required.

•	Swapping feature.

### Cons

•	No technical support.

•	Requires import of several tokens, including BTC.

## 4.           Trezor Model T
Why consider a [Trezor Wallet](/news/article/why-consider-a-trezor-wallet)? When looking for the premier crypto hardware storage and best crypto wallet UK option, [Model T from Trezor](https://trezor.io/trezor-model-t) can also be a viable option. The device can store more than 1,800 cryptocurrencies. It also provides self-custody of your private keys while maintaining a high level of security. 

It protects your crypto through security features like U2F authentication, GPG encryption, and FIDO2 authentication. If you lose the device, you can recover it through mnemonics. For further protection, it activates a timer if you try incorrect PINs several times.

Because of this security, it is ideal for storing long-term investments. However, it may cause quite an inconvenience for daily trading. Besides, it is a big-budget option, so it’s advisable to invest in it if your need is long-term. 

### Pros

•	Features a touchscreen.

•	Commendable security features.

•	Easy recovery through mnemonics.

•	Ideal for long-term investment.

### Cons

•	Expensive device.

•	Inconvenient for day-to-day trading.

## 5.           Exodus crypto wallet
[Exodus wallet](https://www.exodus.com/) can be another option when considering the [best Ethereum wallet](/news/article/best-ethereum-wallet) in the UK for beginners. It supports 260 crypto tokens and can be used on desktops and smartphones. You can easily integrate the wallet as Exodus also has an exchange. Therefore, it is an all-in-one platform where you can trade cryptocurrencies, making it ideal for crypto newbies.

Another thing that makes it a beginner-friendly crypto wallet is its user experience. Exodus simplifies asset and portfolio management by offering features like portfolio overviews, real-time updates, and live charts. Plus, you can stake your coins on Exodus and generate a passive income through it. 

It has Trezor’s security and is compatible with all of Trezor's hardware. However, there are a few negative things about Exodus. Firstly, it does not offer 2FA, so you will not be notified if someone signs in to your wallet. Secondly, its features might seem to limit advanced traders.

### Pros

•	Over 260 cryptocurrencies.

•	Known for its customer support.

•	Compatibility with Tezor devices.

•	Easy portfolio management.

### Cons

•	2-factor authentication isn't available.

•	Lacks advanced features.

## 6.           Atomic wallet
[Atomic wallet](/news/article/atomic-wallet) can be a best crypto wallet UK option if you are interested in the leading mobile and desktop storage. It is compatible with more than 50 blockchain networks and supports upward of 300 cryptocurrencies. 

Currently, you can get [Atomic](https://atomicwallet.io/) on Windows, macOS, Fedora, Google Play, Apple store, Ubuntu, and Debian. 

You can use this storage option for securing your crypto as well as trading, swapping, and staking features. It also brings convenience and efficiency with all these features. It is beginner-friendly crypto storage - starting out as a trader, you may find Atomic a complete option.

One of the best features of Atomic is anonymity. It does not follow the know-your-customer (KYC) protocol. So, you don’t have to provide personal information for verification or trades. You can remain anonymous while making trades. 

Against all these features, there are a couple of tradeoffs. One is that it does not support non-fungible tokens other than the [Solana blockchain](/news/article/solana-to-gbp-conversion). Second is its high exchange fee. 

### Pros

•	Integrated decentralised exchange.

•	Over 300 cryptocurrencies.

•	User-friendly interface.

•	Rewards for staking tokens.

•	Keeps you anonymous.

•	Easy sign-up.

### Cons

•	Only supports Solana NFTs.

•	High exchange fee.

## 7.           Ledger Nano X
[Cold wallets](/news/article/best-cold-crypto-wallet-uk) are the safest option for securing crypto as they can remotely store assets. In this category, Ledger Nano is among the most famous names. It introduces an array of USB storage that allows offline crypto storage. 

[Ledger Nano X](https://shop.ledger.com/products/ledger-nano-x) is ideal for most investors as it supports more than 5,000 coins and allows NFT management. Additionally, it has an incorporated exchange through which you can securely buy crypto with a wallet. Investors can efficiently operate this device via any 64-bit PC, iOS, or Android.

Its Ledger Live app has many other offerings like payment options and DApps. In addition, you can transfer your assets from different exchanges to Nano X. This makes asset management and trading more convenient while ensuring their safety. 

### Pros

•	Most secure hardware wallet.

•	More than 5000 cryptocurrencies.

•	Desktop and mobile compatibility.

•	Ledger Live App.

### Cons

•	Highly expensive.

## How to move crypto to Ledger Nano X?

If you are confused about transferring crypto to your device, here’s an easy way to move [Ethereum](/news/article/ethereum-price-gbp).

1.	Firstly, set up your cold wallet through the Ledger Live App. You can follow this [step-by-step guide](https://support.ledger.com/hc/en-us/articles/360018784134-Set-up-your-Ledger-Nano-X?docs=true) for setting up a new device.

2.	Then go to the ‘Manager’ tab of the Live app and install the application of crypto you want. In this case, you would have to install an Ethereum app.

![wallet1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/wallet1_7bb1b0616b.png)
 
3.	After the installation, a dialogue box will appear with the ‘Manage my accounts’ option. Click on it while simultaneously pressing both buttons on your Nano X.

![wallet2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/wallet2_f4e16a7ace.png)
 
4.	It will open the app on your device and synchronise accounts with the Ledger Live App.

5.	Once the synchronisation is completed, you can go ahead with ‘Done’ and go back to the dashboard.

6.	Then create a unique address for receiving crypto. You can click the ‘Receive’ tab from the dashboard. 

7.	It will show your unique address on the screen. Note it down so you can verify the address on your USB wallet.

8.	Now, verify the address on your device by scrolling right. If it is the same, then click on ‘Approve.’

9.	Then go to your preferred exchange site’s withdrawal page. Here set the amount of Ethereum you want to transfer and paste your unique address. 
 
10.	Finally, verify all the information and migrate the cryptocurrency to your Ledger Nano X.  
 
## How to choose the right crypto wallet?

1.	One of the features of gauging crypto storage is the ease of use. You should prefer its user interface, sign-up procedure, and compatibility with various devices.  

2.	Hot or cold storage? This is determined by your preference for security or convenience. Hot ones are software storages that are best for managing daily trades, but have security risks. Comparatively, cold ones are hardware storages that provide better security, but limit trading. That's why it's better to have both.

3.	Another criterion is the self-custody of assets. Custodial exchange wallets primarily store your assets and private keys on their servers, which affects security. Therefore, non-custodial ones are widely preferred.

4.	You should also look at the number of supported fiat currencies and [multiple cryptocurrencies](/news/article/crypto-wallet-multiple-currencies).

5.	Lastly, its security features and authorisation are key elements.

## Best crypto wallet UK wrap up

If you want to be a seasoned investor, it is advisable to have a reliable cryptocurrency wallet. Here we critically reviewed and listed seven ideal choices for the best crypto wallet UK options. It features software and hardware storage, so you can easily pick one for your requirements. Once you go through this article, you'll get an idea about how you can choose the right storage.


blue image of crypto wallet on phone with bitcoin logo

Best Crypto Wallet in the UK: 7 Top Picks

E-Toro is a multi-asset online trading platform regulated by the UK's FCA Financial Conduct Authority (FCA). It is also regulated by the ASIC of Australia, CySec of Cyprus, GFSC of Gibraltar, and FinCen and FINRA of the United States of America (USA). 

Founded in 2007 by David Ring, Ronen Assia and Yoni Assia, E-Toro began as a forex trading platform before adding more assets, including crypto, in 2017. It quickly became one of the best trading platforms in existence. It currently serves over 200 million users in 140 countries worldwide. 


Among the many reasons E-Toro is liked and used by many traders and investors are its transparent fee structure, active community of users, and social features. One is Crypto Trader, a function that enables users to copy trades of experienced traders. 

 

This E-Toro UK review looks at what makes the trading platform worthwhile. 

## Why E-Toro Is a Great Trading Platform 

### 1. A multi-asset platform 

 

The platform allows users to trade over 2,000 financial assets, including stocks, commodities, indices, currencies, ETFs, and cryptocurrencies. A plus is that the assets can be invested with or without leverage, and traders can trade multiple purchases with a single account. 

 

### 2. Low fees 

 

Its service fees vary depending on the invested asset. However, they are pretty low. Opening a user account on the platform is free. There is no deposit or management fee even when traders copy other traders and invest in portfolios. There is no commission fee when investing in stocks. 

The platform, however, charges a 1% fee for crypto buyers and sellers. There is also a $5 withdrawal fee and a $10 monthly inactivity fee. 

 

### 3. Educational resources 

Users of the Israel-based platform also benefit from plenty of educational resources. The educational section is divided into News and Analysis, E-Toro Academy, E-Toro Plus, and The Bull Club. 

 

The News and Analysis section contains insightful investment information and the latest market news. The E-Toro Plus section lets users catch up on the latest market trends. The Bull Club section lets users gain investment knowledge from some of the world's most successful investors and financial leaders. 

 

The E-Toro Academy section provides investment resources to traders of all levels. There are resources ranging from beginner to advanced level investing. The area is divided into courses, topics, levels, and types. 

 

The types section allows users to learn about investing through guides, podcasts, webinars, and videos. They don't have to settle on one way of consuming content. Users also have the benefit of getting informed about upcoming webinars. Educational content is constantly getting updated. 

 

### 4. Social Trading 

 

Another plus for the platform is its social trading features. They include; 

 

Copy Trader: The function allows traders to copy the trading moves of top-performing traders in real time. There are plenty of top traders to choose from, and users can easily view valuable information about the trader's asset picks they wish to copy to ensure they are the best choice. 

Popular Investor Program: The program rewards traders for being copied. The more people copy a particular trader, the bigger their reward. The rewards are given on top of profits from trading and can reach as high as 2% of the copied trader's total AUC (assets under copy). 

Social News Feed: The feature enables users to follow financial instruments and traders they like, interact with other community members and participate in open discussions, and more. Users can post updates, share, and comment on other users' posts 

 

## How to Use E-Toro 

Go to https://www.etoro.com/ and create a user account. Click the highlighted "Start Investing" button to be taken to the sign-up page. You can create a user account with Google, Facebook, or your email. Remember to tick the acknowledgement boxes before clicking the "Create Account" button. 

 [![EtoroPicture1](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture1_6f3c4a46e8.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

## Verify your account to start investing. 

Once you've verified your account, you can deposit funds to start investing or switch to a virtual version. The virtual account allows you to practice your trading skills without the risk of losing real money. $100,000 of demo money is available in your virtual account for practice. 

[ ![EtoroPicture2](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture2_632e2f533d.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

The minimum you can deposit on the platform varies depending on your region and country's regulations. It can be between $10 and $10,000. Once you've funded your account, you can choose which asset to invest in or trade. It is worth noting that E-Toro only operates in USD. 

You can choose from close to invest or trade in 80 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dash (DASH), and Litecoin (LTC). 

 [![EtoroPicture3](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture3_5ac5b4b306.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

Click on the cryptocurrency you wish to invest in or trade; let's use Bitcoin (BTC) as an example for this E-Toro UK review. Once you click on the BTC icon, you'll be directed to a page with all the necessary information about BTC. 

 [![EtoroPicture4](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture4_bcb280f1ba.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

When you click on the highlighted Trade button, a pop-up page will appear with the options to "Buy or Sell" BTC. The page also has a "Trade" button with a drop-down menu that will enable you to choose to place an "Order." 

[![EtoroPicture5](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture5_f4b6729f28.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

## How to Start Trading 

E-Toro is an easy-to-use online trading platform. There is a "Help" section for anyone stuck using it. When you click the "Help" button, you'll get several guides to assist you when stuck. There is a search tab to type in your question for quick assistance. 

Some helpful guides to start with include: 

·     [How to verify your account ](https://www.etoro.com/customer-service/account-verification/)

·     [How to Deposit ](https://www.etoro.com/customer-service/deposit-faq/)

·     [How to Withdraw](https://www.etoro.com/customer-service/withdraw-faq/) 

·     [About Copy Trader ](https://www.etoro.com/customer-service/account-verification/)

 

The "Help" section also links to the [E-Toro Academy](https://www.etoro.com/academy/), where you can get more resources to help you learn about the platform and other investing and trading functions. 

 

## Bottom Line 

E-Toro is a great multi-asset social trading platform designed to cater to traders and investors of all levels, beginners and advanced. It is easy to use, has plenty of features, charges low fees, and has plenty of educational resources to help trade and invest in various assets. 





E-Toro Review - A beginners guide

There are around 500 crypto currency exchanges in the industry today. Unfortunately, not all of them are great platforms for your hard-earned money. 
As per  our analysis, you should always consider factors such as trading volume, scalability of the platform, security, insurance, customer service, geographical restrictions, and fees among others before settling on an exchange. 

As a result, MoniTalks has identified eToro and Coinbase as the best cryptocurrency exchanges in the United Kingdom and they continue to trend on the social media platform, Reddit. 

## eToro ― Overall Cheapest Crypto Exchange UK 

Launched in 2007 as a multi-asset trading platform, [eToro](https://www.etoro.com/) provided services under the stock, commodities, exchange-traded funds (ETFs), and indices banner before making the foray into cryptocurrencies in 2013. eToro serves around 27 million customers in over 100 countries. 

As of July 2022, supports more than 60 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Bitcoin Cash (BCH), Ripple (XRP), Stellar (XLM), Litecoin (LTC), DASH, Uniswap (UNI), and Chainlink (LINK). 

Unlike other places of buying digital assets that have been mired in regulatory problems with the [Financial Conduct Authority](/news/article/fca-crypto-regulation) (FCA) of the United Kingdom, the trading platform is registered as eToro UK with company registration no. 7973792. This certifies eToro as the most credible place where you can trade digital assets in the United Kingdom. 

Among the pros is a demo account to help you learn how to trade using virtual funds. Additionally, eToro is extremely accessible and can be found via the Google Play and Apple Store on Android and iOS-powered devices. 

After being in the traditional and decentralized finance trading sector for more than 15 years, eToro has not been involved in any cyber security issues due to the level of its security systems. It continues to operate without incident. 

Moreover, the platform supports several payment methods such as bank transfers, bank cards (MasterCard, Maestro, and VISA), and e-wallets such as Skrill, PayPal, Neteller, and co. With this, you have a range of alternatives to choose from. 

eToro is among trading platforms that have low fees (deposits, trading, and withdrawal). 

The exchange continues to see millions of dollars in daily volume and recently launched eToro Crypto Portfolio, a basket of high-yielding coins. With a single investment, you can see consistent periodical yields.

Despite the positives, eToro is not a traditional cryptocurrency exchange, and dormant accounts are subject to inactivity fees. 

## Coinbase ― User-Friendly Bitcoin Exchange 

Founded in 2012, Coinbase can be accessed in the United Kingdom and is one of the biggest cryptocurrency exchanges by daily trading volume. On 14th March 2018, Coinbase announced via a blog post that it is the first exchange to receive an e-money license from the FCA. 

Overall, there are 98 million verified users, 230,000 ecosystem partners, and 13,000 institutions in more than 100 countries. 

The exchange supports more than 50 cryptocurrencies which include the top 20 digital assets by trading volume. It offers low minimum deposits, several payment methods such as PayPal, and offers a very advanced trading platform. 

Other Honorable Mentions of the best crypto exchanges in the UK include but are not limited to, Binance, OKX, Bitstamp, Crypto.com, Kraken, Gemini, Gate.io, KuCoin, and Bittrex. 


Best UK Crypto Exchange according to Reddit

So you want to start trading cryptocurrencies? Is paying [eToro](https://www.etoro.com/) fees the only way, and how do you begin your crypto journey?

You need first to purchase some crypto with your fiat money. This is where centralised exchanges come into play, such as eToro.

You deposit your money into the platform and can now purchase Bitcoin or altcoins. Most platforms charge a percentage fee when buying or selling coins; the eToro fees are 1% when you open or close a position. While this seems like a low percentage at first, it can quickly build up if you make lots of trades. Another example is Bitcoin.com which has fees of 0.04 to 0.4%, a much better rate than eToro fees.

Most exchanges have features including spot trading, leverage trading, trading bots, charts and chart tools, crypto lending, mining, and staking.

## Spot Trading

Spot trading is your traditional method of trading coins in which you are doing straight swaps from one coin to another.
Leverage trading is trading with a larger size than what you have in your portfolio. To a beginner, this sounds like a fantastic strategy to make massive gains. In reality, it should only be used by experts who know how to handle risk management properly, as you can quickly lose money.

## Trading Bots

Trading bots are computer algorithms where you set the parameters and rules and a bot trades on your behalf.

## Charts

Charts are where you can see the price history of a coin, and tools help you confirm a bias of where you think a trade will go.

## Crypto Lending

Crypto lending is an opportunity to let people use your crypto in return for rewards - yes, you get your crypto back, and if you do it through a reputable exchange, there's less worry about security or being scammed.

## Mining

Mining uses your computer or phone's computing power to work out calculations to allow transactions to be processed.

## Staking 

Finally, staking is setting aside some crypto, like lending except it goes into a pool to be used as liquidity rather than directly to another person. This also allows you to gain passive income rewards.

Some exchanges have other features, but these are the main ones you will encounter. Picking the right exchange for you is vital when trading cryptocurrencies. You need to factor in what you want to use the platform for while minimizing costs and maximizing profits. This can be done by avoiding exchanges with high costs, such as eToro fees.

More [Business news](/news/category/crypto-business-news).


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