The Best Binance Alternatives UK for 2025
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Risk Warning
The information provided in this article is for educational and informational purposes only and does not constitute financial or investment advice. The future performance of cryptocurrencies, including the low-cap coins listed here, is inherently uncertain and subject to significant market volatility, regulatory changes, and technological developments.
Investing in cryptocurrencies carries a high level of risk, and you should only invest what you can afford to lose. Past performance of these coins does not guarantee future results. Conduct your own research (DYOR), consider seeking advice from a financial professional, and evaluate your risk tolerance before making any investment decisions.
Updated 08/12/2024
Explore our curated list of our top 3 reputable exchanges, each rigorously tested with real funds. All brokers are accessible to traders in the United Kingdom.
Our Ranked List of the Best Binance Alternatives in the UK
Based on my experience, here’s my ranked list:
- eToro – Best for overall features and social trading.
- Coinbase – Ideal for beginners and simplicity.
- Uphold – Best for multi-asset trading.
- OKX – Excellent for advanced trading tools and staking.
- MEXC – Exceptional for cryptocurrency variety and altcoin access.
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As I write this, Binance has still paused accepting new UK customers due to changes in UK financial regulations. This decision came into effect on 16 October 2023, after the FCA-required approval for Binance’s financial promotions was withdrawn.
While existing users can continue accessing their accounts, many are now considering alternatives.
In this article, I’ll share the best Binance alternatives, whatever your reason for wanting an alternative to Binance, there are a considerable number of Crypto Exchanges available.
Over the years, I’ve tested a range of these Crypto Exchange platforms, and there are still some great options for UK users that I will detail here.
Binance Alternatives Comparison Table
| Rank | Platform | Supported Cryptocurrencies | Fees (Average) | Unique Feature | Trustpilot Score |
|---|---|---|---|---|---|
| 1 | eToro | 78 | 1% (Spread-based) | Social trading, CopyTrader | 4.4 |
| 2 | Coinbase | 240 | 1.49% | User-friendly for beginners | 3.6 |
| 3 | Uphold | 250 | 0%-1.25% | Multi-asset trading | 3.8 |
| 4 | OKX | 300 | 0.08%-0.1% | Advanced trading, staking | 3.9 |
| 5 | MEXC | 350 | 0.2%-0.4% | Low fees, extensive altcoins | 4 |
| Binance | 600 | 0.10% | Extensive ecosystem, low fees | 3.4 |
How We Ranked the Binance Alternatives
When ranking these platforms, I focused on fees, security, and ease of use, as well as how they perform for UK users. Trustpilot reviews provided valuable insights into user satisfaction, and my own hands-on testing ensured the list reflects real-world performance.
Here Is Our Breakdown of The Best Binance Alternatives:
#1. eToro – Best for Overall Features and Social Trading
If you’re transitioning from Binance, eToro offers a seamless yet enhanced trading experience.
I particularly like its social trading tools, where you can copy the strategies of experienced traders. This feature is a game-changer for beginners who might find Binance’s interface overwhelming.
Unlike Binance, eToro provides access to more than just cryptocurrencies, including stocks, ETFs, and commodities, making it a versatile investment platform.
eToro’s fees are spread-based, starting at 1%, which is competitive compared to Binance’s variable fees. It supports 78 cryptocurrencies, which may seem fewer than Binance’s massive list, but it’s perfect for users who prioritise quality over sheer quantity. Additionally, eToro’s Trustpilot score of 4.4 reflects high user satisfaction, especially among UK traders.
Pros & Cons
- Social trading options, including CopyTrader, ideal for beginners.
- Access to multi-asset trading, including stocks and ETFs.
- High Trustpilot score of 4.4, demonstrating user trust.
- Limited altcoin variety compared to MEXC or OKX.
- Spreads can be higher for less liquid assets.
eToro Vs Binance Compared
eToro is a more beginner-friendly alternative to Binance, with its social trading features and multi-asset offerings. While Binance excels in sheer cryptocurrency variety, eToro’s focus on simplicity and diversified investments makes it a better fit for users seeking an all-in-one trading platform.
#2. Coinbase – Ideal for Beginners and Simplicity
Coinbase is another excellent alternative to Binance, especially for users who value a simple and intuitive interface.
When I first tried Coinbase, I immediately appreciated how straightforward it was to navigate compared to Binance’s sometimes complex dashboards. It’s designed with beginners in mind, offering 240 cryptocurrencies for trading.
For those seeking more advanced features, Coinbase Advanced Trade provides a robust solution. This feature includes lower trading fees, advanced charting tools, and more order types, catering to experienced users who want greater control over their trades. While it doesn’t match Binance’s breadth of tools, it narrows the gap significantly. This feature is also free and comes at the click of a button.
However, Coinbase’s standard fees are slightly higher, with a flat 1.49% transaction fee, which can be costly for frequent traders using the regular platform. It’s Trustpilot score of 3.8 highlights its reliability as a safe and user-friendly platform. For those prioritising ease of use and security, Coinbase remains a top choice.
Pros & Cons
- Beginner-friendly interface, ideal for first-time traders.
- Broad cryptocurrency selection with 240 coins supported
- Strong reputation for security and compliance.
- Advanced Trade feature for lower fees and professional tools.
- Higher fees compared to Binance and other alternatives on the standard platform.
- Advanced Trade tools are less comprehensive than Binance’s suite.
Coinbase Vs Binance Compared
Coinbase is perfect for those new to cryptocurrency, with its intuitive design and straightforward functionality. However, Binance caters more to experienced users with its advanced tools and slightly broader cryptocurrency offerings. Coinbase Advanced Trade narrows the gap, offering lower fees and professional-grade tools, but Binance still just leads in terms of sheer trading versatility.
#3. Uphold – Best for Multi-Asset Trading
One of the standout features of Uphold is its multi-asset trading functionality, which allows you to trade cryptocurrencies, stocks, precious metals, and even fiat currencies in one place.
As someone who values diversification in my portfolio, I found Uphold incredibly useful for managing various asset classes that Binance doesn’t support.
With support for 250 cryptocurrencies, Uphold rivals Binance in terms of crypto variety while offering additional options for investors who want to explore beyond digital currencies.
Its Trustpilot score of 3.8 indicates solidcustomer satisfaction.
Its fees, however, include a 1.25% spread, which is slightly higher than Binance’s trading fees but reasonable for the added flexibility.
Pros & Cons
- Supports multi-asset trading, including stocks and metals.
- 250 cryptocurrencies available, more than Coinbase.
- Recurring buy options for passive investment strategies.
- 1.25% spread can be costly for frequent trades.
- Limited staking options compared to OKX.
Uphold Vs Binance Compared
Uphold’s multi-asset support gives it a clear advantage over Binance for users seeking more than just cryptocurrencies. While Binance’s fees are lower, Uphold appeals to investors looking for an all-in-one trading solution.
#4. OKX – Best for Advanced Trading Tools and Staking Rewards
For experienced traders, OKX is an exceptional Binance alternative. Its advanced trading tools, including margin trading, options, and futures, make it a powerhouse for those who want to explore sophisticated strategies.
OKX also integrates staking rewards and DeFi tools, offering opportunities to earn passive income.
I found its fees particularly attractive, starting at just 0.08%, making it one of the cheapest Binance alternatives.
With support for 300+ cryptocurrencies, it’s ideal for users who want access to a wide variety of assets.
Its Trustpilot score of 2.5 indicates a lot of room for improvement with customer satisfaction.
Pros & Cons
- Low trading fees, starting at 0.08%.
- Excellent for staking and DeFi opportunities.
- 300 cryptocurrencies supported, catering to diverse portfolios.
- The interface can feel overwhelming for beginners.
- Fewer fiat deposit options compared to platforms like eToro.
OKX Vs Binance Compared
OKX rivals Binance with its advanced trading tools and competitive fees. While Binance has a more established ecosystem, OKX’s focus on DeFi and staking rewards gives it an edge for traders looking for additional earning opportunities.
#5. MEXC – Exceptional for Cryptocurrency Variety and Altcoin Access
MEXC is a fantastic alternative for traders looking to access a wide variety of cryptocurrencies, with support for over 350 coins, including many niche altcoins not available on Binance.
Its fees are competitive, starting at 0.2%, making it a great choice for cost-conscious traders.
What I love about MEXC is its focus on less mainstream assets, making it the go-to platform for exploring new projects.
However, its interface can feel cluttered compared to Binance’s more polished layout. Its Trustpilot score of 1.3 reflects a poor level of customer service.
Pros & Cons
- Over 350 cryptocurrencies, more than most platforms.
- Low trading fees, starting at 0.2%.
- Excellent for accessing hard-to-find altcoins.
- Interface may feel overwhelming for beginners.
- Less fiat capatability than most.
MEXC Vs Binance Compared
MEXC outshines Binance in terms of cryptocurrency variety, especially for niche altcoins. However, Binance’s broader ecosystem and advanced tools may still appeal to seasoned traders.
Which Alternative Platform is Best for You?
Choosing the right Binance alternative depends on your goals. If you value beginner-friendly tools and regulation, eToro or Coinbase are your best bets. For multi-asset trading, Uphold is a strong option.
If you’re an advanced trader, OKX offers sophisticated tools and staking rewards, while MEXC excels at providing access to niche altcoins. Reflect on what matters most to you, whether it’s fees, features, or security, to find the platform that best suits your trading style.
FAQs
OKX offers the lowest fees, starting at just 0.08%, making it an affordable alternative. MEXC is also cost-effective, with fees starting at 0.2%.
Yes, platforms like eToro, Coinbase, and Uphold are highly trusted, with robust security measures and compliance. Always enable two-factor authentication to enhance your security.
Absolutely. Platforms like MEXC (350+ coins) and OKX (300+ coins) offer far more cryptocurrencies than Coinbase, making them ideal for users seeking niche or emerging altcoins.
Top 5 Exchanges
1
eToro
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
2
Coinbase
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
3
Uphold
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
4
MEXC
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
5
OKX
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
You May Also Like:
References:
Investopedia – Best Cryptocurrency Exchanges of 2023
https://www.investopedia.com/best-cryptocurrency-exchanges-5071855
BBC News – Understanding Cryptocurrency: A Beginner’s Guide
https://www.bbc.com/news/business-51281233
CoinDesk – OKX Platform Features and DeFi Opportunities
https://www.coindesk.com/learn/okx-crypto-exchange-overview
Trustpilot – User Reviews for Cryptocurrency Exchanges
https://uk.trustpilot.com/categories/cryptocurrency_exchange
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