If you're a UK-based crypto trader looking for the best Changelly alternatives, you've come to the right place. While Changelly is a popular choice, it may not always meet everyone's needs in terms of features or fee structures.
In this article, we’ll explore the best Changelly alternatives tailored for UK investors, with detailed insights into their features, pros, cons, and more. Whether you're after lower fees, stronger security, or advanced trading tools, these Changelly competitors offer compelling options. Let’s dive in.
Table of Contents
6 Best Alternatives to Changelly in the UK
Table of Contents
- BitGet
- Uphold
- OKX
- WhiteBIT
- eToro
- Kraken
BitGet
Launched in 2018, BitGet is a leading crypto exchange known for its user-friendly interface and wide range of supported cryptocurrencies. It offers innovative features such as spot trading, futures contracts, and copy trading, which allow users to replicate successful traders' trades.
Bitget boasts advanced security measures, including a multi-signature wallet, cold storage solutions, and a $300 million protection fund during volatile market conditions. The exchange also provides zero-fee bank transfers for fiat deposits, making it a cost-effective choice.
Pros
- Offers copy trading features
- A wide range of cryptocurrencies
- Friendly user interface suitable for both beginners and experienced traders
- Top-notch security measures
- Low trading fees
Cons
- Limited fiat currency support
Fees and Minimum Deposit
Trading Fees: Both taker and maker trading fee of 0.1%
Minimum Deposit: Offers a minimum deposit of £10; however, this may vary based on payment method.
Best For: Traders interested in copy trading
Uphold
Uphold, founded in 2015, is a UK-friendly platform offering access to over 250 cryptocurrencies, plus stocks and metals. This versatile financial platform offers a one-of-a-kind “Anything-to-Anything” trading strategy that enables asset conversion between different asset classes. It boasts an easy-to-use user interface, making it a good choice for beginners. Uphold is regulated by the FCA, adding a layer of trust for UK traders.
Pros
- Anything-to-Anything trading feature, which allows users to exchange any asset for another seamlessly
- Supports a plethora of asset classes
- Offers a transparent fee structure
- Friendly user interface
Cons
- Limited advanced trading features
- Trading fees for some assets can be expensive
Fees and Minimum Deposit
Trading Fees: From 0.2% to 2.95% depending on the assets you trade
Minimum Deposit: Has a minimum deposit of 10 USDT
Best For: Beginners wanting a multi-asset platform with transparency
OKX
OKX is an innovative crypto exchange that offers a wide range of services, including spot trading, futures, options, and decentralized finance (DeFi). It supports many cryptocurrencies and offers advanced trading tools for a seamless experience. Its interface balances simplicity for new users and depth for experts.
Pros
- Supports an extensive range of cryptocurrencies and trading pairs
- Offers advanced trading tools and features
- Has a competitive and affordable fee structure
Cons
- Advanced trading features can be complex for beginners
- Has limited fiat currency support
Fees and Minimum Deposit
Trading Fees: Dependent on different user tiers
- Taker fee: 0.15% to 0.10%
- Maker fee: 0.01% to 0.08%
Minimum Deposit: 0.0005 in BTC or 10 USDT.
Best For: Traders seeking advanced trading options.
WhiteBIT
WhiteBIT is an European-based crypto exchange that offers spot, margin and futures trading. With a strong focus on security, it utilizes cutting-edge security measures such as two factor authentication and cold storage to ensure safety of funds.
The exchange boasts a user-friendly design and also offers simplified trading to enable beginners to navigate the complexity of trading. It also provides deep liquidity and has competitive fees making it a great option for active traders.
WhiteBIT features a lucrative referral program that allows users who refer new traders to earn passive income.
Pros
- Excellent security features
- User-friendly interface with simplified trading
- Low trading fees
- High liquidity for major cryptocurrencies
Cons
- Limited fiat currency support
- Advanced features may not be beginners friendly
Fees and Minimum Deposit
Trading Fees: 0.1% maker and taker fee
Minimum Deposit: 10 GBP
Best For: Traders looking for a secure trading platform
eToro
eToro is a popular social-trading and multi-asset platform. It offers its users copy trading options, allowing newbies to copy the trades of experienced traders. It also provides zero-commission stock trading, enabling users to buy and sell stocks without incurring any commission. The exchange also provides a virtual portfolio to help users practice trading.
Pros
- Social trading features
- Beginner friendly
- Supports multiple asset class
- Strong regulatory compliance
Cons
- Has limited cryptocurrency options
- Crypto withdrawal from the platform can be difficult
- Lack of sophisticated analytic tools
- Expensive trading fees
Fees and Minimum Deposit
Trading Fees: 1%-2%
Minimum Deposit: $50
Best For: Beginners and traders interested in social-trading
Kraken
Kraken is a popular cryptocurrency exchange known for its wide range of supported assets, competitive fees, and top-notch security measures. It offers a wide array of trading services, including spot trading, futures trading, and crypto staking. It also boasts a user-friendly interface, making it suitable for beginners. Kraken strictly adheres to regulatory standards, ensuring the safety of user funds.
Pros
- Strong security measures
- Competitive trading fees
- User-friendly interface
Cons
- Limited fiat funding and withdrawal options
Fees and Minimum Deposit
Trading Fees:
- 0.00% - 0.25% (Maker fee)
- 0.10% - 0.40% (Takers fee)
Minimum Deposit: £10
Beat For: Traders looking for a secure yet easy-to-use platform
What makes a good Changelly alternative?
Supported Cryptocurrencies and trading pairs
A good alternative should have a wide range of supported cryptocurrencies and many trading pairs. This is essential for an enjoyable crypto trading experience and enables traders to diversify their portfolios and adequately manage risk.
Fees Structure
Transparent and competitive fees can significantly impact a trader's profitability. This is especially true for frequent traders who rely on tight profit margins.
Security Measure
Ensure that the alternative you choose has good security protocols, such as two-factor authentication (2FA), cold storage, and insurance for user funds. These measures are crucial to ensuring that your funds are protected from theft, hacking attempts, and other security threats.
Ease of Use
A user-friendly interface is essential, especially for beginners. Choose platforms with good designs and responsive interfaces.
Regulatory Compliance
A platform adherent to UK laws and regulations offers an added layer of security and trust.
Trading Features
This is dependent on individual needs. Some traders will prefer exchanges with advanced trading features, while others may prioritize ease of use.
FAQs
Why should I consider alternatives to Changelly?
Although Changelly has proven to be a reliable platform, alternatives may offer lower fees, better security, and more advanced trading features.
Which Changelly competitor offers the lowest fees?
Bybit offers the lowest trading fees among all Changelly competitors. Bybit also provides users with a maker rebate to add market liquidity.
Which alternative to Changelly is the most secure for UK traders?
eToro is the most secure cryptocurrency platform among Changelly alternatives. It fully complies with UK regulatory requirements, ensuring a safe trading experience.
Which Changell alternative is ranked the highest among users?
eToro is highly rated due to its user-friendly interface and social-trading features.
Conclusion
Choosing the right trading platform depends on your trading goals, experience, and preferences. While Changelly is efficient, exploring top alternatives to Changelly like BitGet (for copy trading), eToro (for social trading), and Uphold (for multi-asset trading) can enhance your trading experience.
Ultimately, the best Changelly alternative is the one that aligns with your needs and expertise.
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