CoinJar is a well-known cryptocurrency exchange in the UK, but it may not be the best fit for every trader. Whether you're looking for lower fees, a broader range of cryptocurrencies, or more advanced trading tools, exploring the best CoinJar alternatives can help you find a platform that better suits your needs.
In this article, we’ll compare top alternatives to CoinJar for UK users, highlighting their key features, benefits, and what makes them stand out. From beginner-friendly exchanges with social trading to advanced platforms offering futures and margin trading, this guide will help you make an informed choice. Let's dive in!
Table of Contents
7 best alternatives to CoinJar exchange in the UK
Table of contents
Gemini
Gemini is a regulated crypto exchange founded in 2014. It is registered with the UK Financial Conduct Authority (FCA) and prioritizes security through two-factor authentication, cold storage, and password encryption.
It has two key features: “Web Trader,” which offers a simple, easy-to-navigate interface with basic trading tools and information (suitable for beginners), and “Active Trader,” which is designed for expert traders and features advanced trading tools.
Gemini supports over 70 cryptocurrencies (with 300 trading pairs), including its own stablecoin, Gemini Dollar (GUSD), which is pegged to the US dollar. Moreover, it supports GBP, allowing UK users to make deposits and withdrawals in their local currency. Gemnini offers users a secure, regulated, and user-friendly trading environment.
Pros
- FCA-registered
- Support GBP
- High security measures
Cons
- Smaller range of tradable assets when compared to competitors
Pricing
Trading Fees
Stablecoins: 0.00% (Maker fee) | 0.01% (Taker fee)
Other Cryptocurrencies: 0.00% - 0.20% (Maker fee) | 0.03% - 0.40% (Taker fee)
Deposit Fees
PayPal: 2.50%
Debit Cards: 3.49%
Other Deposit Methods: Free
Withdrawal Fees
Fiat Currency Withdrawals: Free
ERC-20 Tokens: Gas fees apply
Other Fees: Vary based on network activity at the time of withdrawal
Best for: Traders who desire a secure trading platform
eToro
eToro is a well-known multi-asset trading platform that allows users to trade cryptocurrencies, stocks, and ETFs. Founded in 2007, eToro aims to make trading accessible to everyone. One of its standout features is social trading, which enables beginners to copy the trades of experienced investors.
Additionally, it offers a virtual trading account with $100,000 in demo funds, allowing users to practice strategies before trading with real money. The platform includes smart portfolios and an eToro Academy, with educational resources, making it ideal for new traders.
Moreover, eToro has strong fiat support, allowing direct GBP deposits via bank transfer, credit/debit cards, and PayPal, making it convenient for UK users. eToro is accessible via both web and mobile applications and is regulated by the Financial Conduct Authority (FCA), ensuring a secure trading environment for users.
Pros
- Social trading and copy trading features
- Beginner friendly
- FCA regulated
- Support multiple digital assets
Cons
- Higher fees
- Limited advanced trading tools
Pricing
Stock Trading: Commission fee of 1- 2%
ETF: no fee
Cryptocurrency: 1 - 2% trading fees
Withdrawal fees: $5 (£3.85)
Best for: Social-trading and beginners
OKX
Launched in 2017, OKX is one of the most popular CoinJar alternatives, known for its advanced trading tools and diverse range of supported assets (over 300 cryptocurrencies and 70+ blockchains). Moreover, it provides access to NFTs and other digital assets.
The platform features demo trading and copy trading, making it suitable for both beginners and experienced traders. OKX is designed for fast transactions, allowing traders to capitalize on market opportunities.
OKX also offers DeFi staking, where UK users can earn passive income by staking assets directly within the platform. It prioritizes security with storage for funds and two-factor authentication (2FA) to protect user accounts. It is available on web and mobile apps.
Pros
- Offers a wide range of cryptocurrencies
- Beginner-friendly
- Offers advanced trading features
- Competitive fees
- Strong security features
Cons
- Limited fiat support
- Not very beginner-friendly
Pricing
Trading fees:
Taker fee: 0.15% to 0.10%
Maker fee: 0.01% to 0.08%
Withdrawal fee: Vary by cryptocurrency
Best for: Advanced traders seeking divers trading options
Bitget
Bitget is a reputable crypto exchange supporting over 500 cryptocurrencies and 100+ blockchains, making it a strong contender when comparing CoinJar alternatives for traders seeking exposure to derivatives markets.
Bitget offers a user-friendly interface and integrates with Web3 wallets for seamless access to advanced crypto trading features. It also provides copy trading, allowing beginners to learn from more experienced traders.
Other notable features include an NFT marketplace and P2P trading, providing additional opportunities for users to diversify their portfolios.
Pros
- Copy trading features
- High liquidity
- Low trading fees
- Strong security features
Cons
- Limited fiat-currency support
Pricing
Trading: 0.1% Maker and Taker fee
Deposit fee: None
Withdrawal
Crypto: Vary based on cryptocurrency and network fee
Fiat: 0.5GBP
Best for: Futures and copy trading
WhiteBit
WhiteBit is a European-based crypto exchange founded in 2018 and is considered one of the top CoinJar alternatives for traders looking for a user-friendly and low-cost platform. It supports over 500 trading pairs and offers various trading services, including spot and margin trading.
WhiteBit is known for its user-friendly interface, making it easy for both beginners and experienced traders to navigate. It has competitive fees and a crypto debit card, allowing users to spend their digital assets directly. Moreover, it strongly focuses on security, with advanced measures to protect user funds and ensure a safe trading environment.
Pros
- User friendly
- Strong security measures
- Wide range of cryptocurrencies
- Competitive and transparent fees
Cons
- Limited advanced features
- Limited fiat support
Pricing
Trading fees: 0.1% maker and taker fee
Deposit fee: None
Withdrawal fee: Depends on blockchain few and cost of assets at time of withdrawal
Best for: Traders seeking a low-cost platform
Uphold
Uphold is a multi-asset trading platform that supports crypto, stocks, and precious metals. It is FCA-approved, ensuring compliance with UK regulations. It has a transparent fee structure and competitive pricing, ensuring that users have a clear understanding of the cost associated with trading.
Its standout feature is "Anything-to-Anything" trading, which allows users to instantly swap between different digital assets. Uphold also offers auto-investing, enabling users to set predefined conditions for executing trades.
The platform includes crypto staking for passive income and provides a crypto debit card for real-time spending.
Pros
- User friendly
- Transparent fee structure
- FCA approved
- Anything to anything feature
- Auto investing feature
Cons
- Limited advanced trading features
Pricing
Trading fees: From 0.2% to 2.95% depending on the assets you trade
Deposit fee: Free
Withdrawal:
Crypto: Depends on cryptocurrency network
Fiat: 1.75% on Apple pay and Debit cards
Best for: Multi-asset traders
MEXC
MEXC is a global crypto exchange known for its extensive selection of cryptocurrencies (over 2,000 assets and 2,500+ trading pairs). It offers spot, margin, and futures trading, catering to traders of all levels. It stands out among CoinJar competitors for its low trading fees and high liquidity, making it a strong choice for active traders.
MEXC also provides P2P trading, copy trading, and staking, allowing users to earn passive income. Additionally, it rewards traders with high trading volume incentivizing active traders with bonuses.
Pros
- Extensive range of supported cryptocurrencies
- Competitive fees
- Wide range of trading features
- User friendly
Cons
- Poor customer support
Pricing
Trading fee:
Spot: 0.00% (Maker) and 0.50% (Taker)
Futures: 0.00% (Maker) and 0.20%(Taker)
Deposit fee: None
Withdrawal fee: Vary by cryptocurrency
Best for: For security conscious traders
Bitpanda
Bitpanda is a well-regulated European trading platform supporting crypto, stocks, ETFs, and precious metals. It offers advanced trading features including spot, margin and features trading.
Bitpanda supports over 400 cryptocurrencies, providing users with a wide range of digital assets to invest in. It focuses on security and simplicity, providing an easy-to-use environment for all traders.
It also offers a Bitpanda debit card, allowing users to spend their crypto holdings conveniently.
Pros
- Supports a wide range of assets
- User-friendly interface
- Good security measures
- FCA regulated
Cons
- High trading fees compared to competitors
- Limited advanced trading features
- Poor customer support
Pricing
Trading Fees: 0.00% to 2.49%
Deposit Fee: None
Withdrawal fee: None
Best for: Investors seeking a diversified trading platform
Choosing the Best CoinJar Alternative: 10 Factors to Consider
For UK traders looking for alternatives to CoinJar exchange, here are 10 factors to consider before choosing one.
Security and Regulation
Ensure the exchange is regulated by the UK's Financial Conduct Authority (FCA). This ensures that the exchange operates by strict guidelines and standards. Furthermore, an FCA-approved exchange offers better security and presents a trustworthy trading environment devoid of fraudulent activities. It also reduces the risk of financial loss.
Fees and cost
Look for platforms with transparent fee structures. Ensure that the fees and prices users are meant to pay are clearly stated on the platform website. In this way, you will likely avoid hidden charges, unexpected costs and other unpleasant financial surprises.
Supported Asset
Confirm if the platform you choose supports many cryptocurrencies and other digital assets. Most importantly, verify that the exchange supports the cryptocurrency you wish to buy or trade. This ensures that you can execute your investment strategy seamlessly.
Trading tools and features
Find a platform with trading features that suits your preference. Advanced traders may require features like futures trading, margin trading, and staking options. On the other hand, beginners may prefer platforms with educational resources and copy trading features.
User experience and customer support
A well-designed platform and responsive customer support are essential for an enhanced trading experience. Look for platforms that offer 24/7 customer service and educational resources.
Payment method
Look for platforms that support the local currency GBP. In this way, it becomes easy to make deposits and withdrawals without the hassle and expenses of converting funds to a different currency. This also ensures that you save time, money and reduce transaction complexities.
Liquidity and Trading Volume
A platform with good liquidity offers faster transaction times and less slippage. Exchanges with higher liquidity often provide better pricing, making them a strong choice for traders looking for platforms better than CoinJar in terms of trading efficiency.
KYC Requirements and Privacy
For traders who are privacy focused, choosing an exchange that has minimal KYC requirements can be a top priority. This allows them to maintain anonymity and keep their personal information confidential while still being able to trade cryptocurrencies securely.
Staking and Passive Income Options
Staking and yield farming can be valuable features for traders interested in earning a passive income. Some exchanges offer interest-bearing accounts, allowing users to earn rewards by holding or staking specific cryptocurrencies.
Mobile and API Support
A reliable mobile app ensures seamless trading on the go. Additionally, if you are a high-frequency trader, API support can be crucial for integrating trading bots and automated strategies.
FAQs
Why is CoinJar better than its alternatives?
CoinJar is a well-established exchange that offers an intuitive interface with an easy to use mobile application. It supports fast fiat-to-crypto transactions and instant GBP deposits and withdrawals, making it a good option for UK traders. However, its alternative may offer lower fees and a broader selection of cryptocurrencies.
Which CoinJar competitor is considered the most secure in the UK?
eToro is regarded as one of the most secure CoinJar competitors. It is a well-regulated platform approved by the UK Financial Conduct Authority. It also offers strong security features like 2FA, cold storage, and insurance for digital assets.
Which alternative to CoinJar is the best for crypto trading beginners?
eToro is the best alternative to CoinJar for beginners due to its social trading and copy trading feature that allows beginners to copy the trades of expert traders. Furthermore, it provides a demo account to enable beginners practice their trade and educational materials to help new traders learn.
Conclusion
Your choice of CoinJar alternative will depend on various factors, often tied to your trading preferences. Several excellent options cater to different individual needs for UK traders looking for the best CoinJar alternatives.
Whether you prioritize low fees, advanced tools, or beginner-friendly features, there is a CoinJar alternative for you. For regulated trading, you should consider eToro or Bitpanda. For altcoin diversity, OKX and MEXC will make a good choice. If low fees are your primary concern, WhiteBit and Bitget are suitable contenders.
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