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Where are we allowed to trade crypto in the UK now?
michaeljwiltshire
Posts: 2 Newbie
Where are we supposed to trade crypto no in the UK? My bybit account, binance and even pionex say that there are trade bans now because my account is based in the uk.
I only really set up bots that last about a week or two and trade futures now and then, but now I can't seem to find any exchange to do that at all.
Please help. Are you trading in the UK?
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Comments
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Coinbase and crypto.com though neither are great for fees
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Or for trading. All you can do on these sites is buy and hold isn't it?adam06_2 said:Coinbase and crypto.com though neither are great for fees0 -
The large majority of posters on here are not holding crypto, and are not traders ( in crypto or anything else) so feedback will be probably be limited I guess.michaeljwiltshire said:Where are we supposed to trade crypto no in the UK? My bybit account, binance and even pionex say that there are trade bans now because my account is based in the uk.I only really set up bots that last about a week or two and trade futures now and then, but now I can't seem to find any exchange to do that at all.Please help. Are you trading in the UK?4 -
Does Blockchain.com still allow UK trading?0
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In answer to your question, UK consumers aren't supposed to trade crypto as far as the FCA is concerned. They are doing all they can to discourage it and direct consumers away from unregulated products in the interests of their safety.Those certifying as sophisticated investors may have access to derivatives, for example, I think IG offers them.1
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Spot trading is not banned at Binance etc. Futures/margin/loans are everywhere.
Time to go on chain using DYDX etc if you want futures.0 -
michaeljwiltshire said:
Or for trading. All you can do on these sites is buy and hold isn't it?adam06_2 said:Coinbase and crypto.com though neither are great for fees
Isn't that trading? Swapping one currency for another if so yes you can trade GBP for BTC or BTC for ETH etc... but I suspect you are after leverage trading, which I think the answer is no.0
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