Diving into crypto? It’s thrilling, but the fees may throw you off balance. If you’re looking for crypto exchanges with lowest fees for UK users, you’re not alone. Whether you’re just starting out or moving away from platforms that quietly eat up your profits, many share this concern. Between trading charges, deposit costs, and withdrawal fees, it’s easy to lose money without even noticing.
The good news? There are plenty of better options out there. We’ve pulled together a list to help you find a platform that keeps more money in your pocket. If you’re new to crypto, trading daily, or just fed up with high fees, this guide is for you.
What is the difference between Maker and Taker fees?
Before jumping in, let’s quickly cover something you’ll see a lot on fee charts: maker and taker fees.
- Maker fees apply when you place an order that doesn't fill immediately. This means you're adding liquidity to the platform.
- Taker fees apply when you fill an existing order. In other words, you're taking liquidity from the market.
Most platforms charge slightly more for takers than makers. Knowing which you are can help you plan better and possibly cut down on fees.
Top 5 low-fee crypto exchanges to use in the UK
Table of Contents
OKX
OKX is now a popular choice for many UK users. It’s great for anyone who wants helpful tools without high fees. The platform keeps things simple with low costs and a clean, easy-to-use interface. It works smoothly for spot, futures, and options markets. Moreover, it’s beginner-friendly but also suits more experienced users.
One thing users really like is the fee tier system. If you trade more or hold OKB (OKX’s native token), you get extra discounts. OKX also runs regular zero-fee events, promos, and staking options that help you get more out of your crypto. And the mobile app? It’s fast, easy to use, and just as polished as the desktop version, perfect if you like managing your trades on the go.
On the security side, OKX has a solid track record with no major hacks and clear proof-of-reserve reports to back it up. UK users can deposit GBP using services like MoonPay or Simplex, though it doesn’t support direct bank transfers. Still, its P2P marketplace makes it pretty easy to buy crypto with local currency at good rates.
Just keep in mind, OKX isn’t registered with the Financial Conduct Authority (FCA). So it might not be ideal if regulation is your top priority. But overall, it’s a strong, cost-friendly option with deep liquidity and a wide selection of coins.
Fee Breakdown:
- Maker fee: 0.08%
- Taker fee: 0.10%
- Deposit fee: Free for crypto; fiat fees may apply via third-party
- Withdrawal fee: Depends on the specific cryptocurrency
- Inactivity fee: None
Payment Options: Bank transfers, debit/credit cards, and peer-to-peer (P2P) options
Crypto Available: Over 350 assets globally, with around 40+ available to UK users
FCA Status: Not FCA registered
MEXC
MEXC is a low fee exchange known for offering zero spot trading maker fees across all pairs. It also waives taker fees on select pairs or during promotions, helping users cut down on trading costs. With over 1,600 cryptocurrencies listed, it has one of the largest token selections in the industry. The platform is beginner-friendly and offers advanced tools for experienced users.
For futures trading, MEXC offers leverage and competitive derivatives fees. It has also implemented a Proof-of-Reserves system to increase transparency and reassure users about asset safety. As for funding, UK users can’t deposit GBP directly via bank transfer. However, the exchange supports crypto deposits and fiat purchases via debit/credit cards and third-party services.
MEXC features a P2P desk with flexible payment methods like PayPal, bank transfer, and Revolut. However, it is not registered with the FCA, so users are advised to store funds in external wallets when not trading. The exchange is often first to list new tokens, giving early access to lesser-known assets. Its educational content also supports beginners in learning the platform.
Fee Breakdown:
- Maker fee: 0%
- Taker fee: Often 0% for promoted spot pairs.
- Deposit fee: Free for crypto
- Withdrawal fee: Varies depending on the cryptocurrency and network.
- Inactivity fee: None
Payment Options: Crypto deposits, third-party providers, P2P
Crypto Available: 1,600+ assets available
FCA Status: Not FCA registered
Bitget
Bitget is a fast-growing exchange known for its low fees, wide asset range, and social trading features. It offers an intuitive interface suitable for beginners, alongside advanced tools for more experienced users. A standout feature is copy trading, which allows users to automatically mirror the strategies of top-performing traders.
The platform charges low flat fees, with further discounts available for users who hold its native BGB token. Bitget also runs a loyalty program offering reduced fees for high-volume users, similar to OKX and Binance. UK users can access fiat on-ramping through third-party providers and a growing P2P marketplace.
Bitget supports spot, futures, and margin markets, along with a token launchpad and frequent listings of new assets. It also hosts competitions and trading challenges to engage its user base. While not FCA registered, it operates in the UK through a partnership with an FCA-approved entity (Archax) to ensure compliance. Its stable mobile app and expanding educational content make it a flexible choice for over 500 listed assets.
Fee Breakdown:
- Maker fee: 0.10%
- Taker fee: 0.10%
- Deposit fee: Free for crypto
- Withdrawal fee: Depends on asset
- Inactivity fee: None
Payment Options: Bank transfer, debit/credit card, P2P
Crypto Available: 500+
FCA Status: Not FCA registered but operates through a partnership with Archax, an FCA-approved entity
Kraken
Kraken is one of the best low-fee crypto exchanges known for its security-first approach, regulatory compliance, and strong customer support. It’s registered with the UK’s FCA, which gives it an edge for users who prioritise regulation. Notably, its clear fee structure and dependable performance have earned it trust among UK users and the global crypto community.
While Kraken’s spot trading fees are higher than MEXC or OKX, they stay fair with Kraken Pro’s lower rates. The exchange supports GBP deposits like Faster Payments, making it easy for UK users to fund and withdraw their accounts. Bank transfers typically process within hours, and fiat services are both quick and affordable.
Beyond standard trades, the exchange offers margin trading, staking, and futures, all accessible with a single account. Its mobile app is stable, though more experienced users might prefer the web platform for advanced tools. Interestingly, Kraken focuses on major assets and avoids risky tokens, making it a stable, beginner-friendly choice over hype-driven platforms.
Fee Breakdown:
- Maker fee: On Kraken Pro, fees start at 0.25% and drop to 0.00% for high-volume users. Stablecoin and FX pairs start at 0.20%.
- Taker fee: Kraken Pro fees start at 0.40% and drop to 0.10% for high-volume spot trades, or 0.001% for stablecoin and FX pairs.
- Deposit fee: Free for crypto; Free via Faster Payments Service (FPS) for GBP. SWIFT deposits for GBP via Bank Frick incur a £3 fee, while SWIFT via Etana Custody is free.
- Withdrawal fee: £1.95 (GBP via FPS)
- Inactivity fee: None
Payment Options: FPS, SWIFT, crypto
Crypto Available: Over 200 cryptocurrencies
FCA Status: FCA registered
Coinbase
Coinbase is one of the most recognisable crypto platforms, especially for beginners in the UK. It’s known for its clean design, smooth signup process, and easy GBP deposits via bank transfer or debit card. However, the basic app charges high fees, especially when using the “Buy Now” option. That’s a common frustration for many new users.
To reduce costs, users can switch to Coinbase Advanced, which offers much lower maker and taker fees. While the interface may seem complex at first, it’s actually easy to use and gives more control over trades. The platform also provides educational content, including quizzes and learning modules that offer free crypto as rewards.
Coinbase is FCA-registered and prioritizes security, with most assets stored in cold wallets and optional two-factor authentication. The exchange supports around 250 cryptocurrencies, covering both major and lesser-known coins. While more expensive than some options, it is still a top choice for beginners due to its simplicity and reliability.
Fee Breakdown:
- Maker fee (Advanced): 0.40%
- Taker fee (Advanced): 0.60%
- Deposit fee: Free via bank transfer
- Withdrawal fee: Free to UK bank accounts
- Inactivity fee: None
Payment Options: Bank transfer, debit card
Crypto Available: 250+
FCA Status: FCA registered
How to minimize fees while trading crypto in the UK
Want to save even more on fees? Here are a few quick tips:
- Use limit orders to act as a maker instead of a taker.
- Sign up for VIP tiers or hold native tokens (like OKB or BGB) for discounts.
- Stick to crypto deposits, fiat often includes third-party fees.
- Withdraw in cheaper tokens (e.g., stablecoins instead of Bitcoin).
- Watch for zero-fee promos. Some platforms run them for new listings or holidays.
FAQs
Which crypto exchange has the lowest fees in the UK?
Right now, MEXC offers 0% fees on spot trades, making it the cheapest crypto exchange, though it’s not FCA registered.
Are DEXs cheaper than CEXs?
Not always. DEXs avoid platform fees but can cost more in gas fees and slippage. CEXs offer better rates for frequent trades.
Do crypto exchanges offer fee discounts?
Yes. Many platforms reduce fees for high-volume traders or users who hold the exchange’s native token.
Are there any crypto exchanges in the UK with zero fees?
There are no FCA-registered platforms with zero fees. But MEXC and OKX come very close with the lowest fees of crypto.
Conclusion
If you’re tired of watching your profits shrink due to fees, it’s time to switch things up. The crypto exchanges with lowest fees like MEXC, OKX, and Kraken, give you solid features without draining your wallet.
Each exchange has its strengths. MEXC is unbeatable for zero-fee spot trading. OKX and Bitget offer great tools and loyalty perks. Kraken is best for users who value trust and compliance. Coinbase is still solid, just make sure you use the Advanced version.
Remarkably, saving money doesn’t have to mean sacrificing quality. With the right platform, you can keep more of what you earn, and spend less getting there.
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