Exchanges

There are many crypto exchanges, all have varying reputations and levels of customer service.  Some have no regulations whilst others concentrate on adhering to regulations. The user interface and experience can vary widely between exchanges with some being quite complex and technical whilst others are incredibly simple.

Most exchanges only offer the trading of crypto to crypto such as using Bitcoin (BTC) to buy Ethereum (ETH) so you would need to send crypto to one of these exchanges to begin trading.  

Fewer exchanges offer direct transfer of GBP or the purchasing of crypto via debit card. These exchanges usually offer fewer cryptos for trading, with most altcoin trading taking place on the crypto to crypto exchanges. Most people’s first purchase of crypto takes place on an exchange that offers GBP trading and deposit.

Recommended exchanges :

Use cash to buy a bitcoin voucher from a participating retail location and redeem it directly to your own wallet via the website; you can also sell bitcoin and collect cash; simplest user interface; cheaper fees than bitcoin ATMs;

Deposit GBP/use debit card; simple user interface; optional mobile app to spend crypto; secure storage vault option; slow customer support; US based; well regulated; high fees; 

Deposit GBP; more complex user interface; good customer support; US based; well regulated; low fees; 

Deposit crypto only; complex user interface; reasonable customer support; Malta based; no regulations; medium fees;

Other exchanges with good reputations include:

Coinbase Pro (previously G-Dax)

Gemini

All of the above exchanges are companies facilitating the exchange of crypto from one person to another.  There is another option and that is by cutting out the middleman and using a decentralised exchange (DEX) that facilitates the exchange of crypto directly from one person to another for low or no fees. DEXs do suffer from low liquidity for trading purposes.

This is more complex and you should only use this method if you consider yourself to be an experienced crypto user.  Some decentralised exchanges are:

IDEX

Waves DEX

StellarTerm

Airswap

Now you have started in crypto it is really useful to track any trades using a portfolio tracker.