Bitcoin, Ethereum and Cryptocurrency Comparison and Review

Digital Currency Comparison

Use the Investment Superstore Crytocurrency comparison tool to compare exchanges of Bitcoin and Ethereum.  

The exchanges included in this comparison are some of the best websites to buy Bitcoin and Ethereum for UK investors. 

The exchanges below allow you to get up and running in a quickly and compliant manner. Regulations dictate stringent compliance procedures for Bitcoin exchanges so expect to provide your photo ID and your address before you buy any digital currency. If you have everything in place you should be able to buy Bitcoin and Ethereum within minutes with your debit or credit card. 

Bitcoin and Ethereum Exchanges:

Coinbase

  • Cryptocurrencies
  • Bitcoin and Ethereum
  • Main Features:
  • User friendly wallet and user interface
  • Buy Bitcoin or Ethereum in minutes with your credit or debit card*
  • Get $10 free Bitcoin when signing up through Investment Superstore
  • Backed by the New York Stock Exchange and Spanish bank BBVA
  • Transaction Charges:
  • 1.49% Standard Buy/Sell - Free use of wallet
  • Investing in Cryptocurrency is high risk and is not regulated by the FCA at this point in time. You may be liable for CT or CGT on disposal of a cryptocurrency. All investment involves risk. You may get back less than you invested. Seek independent financial advice before undertaking any investments. Investment Superstore will accept no liability for action taken by any user of this website. *A speedy transaction is based on the approval by the compliance team.

CEX.IO

  • Cryptocurrencies
  • Bitcoin and Ethereum
  • Main Features:
  • Largest UK-based cryptocurrency exchange
  • Buy Bitcoin or Ethereum in minutes with your credit or debit card*
  • CEX.IO offers multi-platform training with a mobile app and websocket
  • London offices and registered with the Information Commission Office
  • Transaction Charges:
  • Free bank tranfer in or 3.5% card deposit fee + 0.2% Takers fee - Free use of wallet
  • Investing in Cryptocurrency is high risk and is not regulated by the FCA at this point in time. You may be liable for CT or CGT on disposal of a cryptocurrency. All investment involves risk. You may get back less than you invested. Seek independent financial advice before undertaking any investments. Investment Superstore will accept no liability for action taken by any user of this website. *A speedy transaction is based on the approval by the compliance team.

Kraken

kraken investment superstore
  • Cryptocurrencies
  • Bitcoin, Ethereum, Litecoin, Iconomi
  • Main Features:
  • Largest Bitcoin exchange by Euro volume
  • Kraken provides leverage crypto trading and access to dark pools
  • Based in San Fransisco, it was first exchange to provide a price feed to Bloomberg terminals
  • Transaction Charges:
  • 0.26% Taker fee on XTB/EUR - Free use of wallet
  • Investing in Cryptocurrency is high risk and is not regulated by the FCA at this point in time. You may be liable for CT or CGT on disposal of a cryptocurrency. All investment involves risk. You may get back less than you invested. Seek independent financial advice before undertaking any investments. Investment Superstore will accept no liability for action taken by any user of this website. *A speedy transaction is based on the approval by the compliance team.

What is Bitcoin?

Bitcoin is the most famous crypto currency and was the first to harness blockchain after it was conceptualised by Satoshi Nakamoto in 2008.

Bitcoins are ‘mined’ by people who process the algorithms of blocks in a blockchain. Bitcoins are given as a reward for completing complex calculations and can then be used as a form of exchange.

The digital currency has been adopted by a wide range of businesses and Bitcoin exchanges have been backed by financial organisations such as the the New York Stock Exchange and Spanish bank BBVA.

Bitcoin has been seen as a ‘safe-haven’ currency in times of geo-political tension and rose above the price of gold for the first time in early 2017.

What is Ethereum?

Ethereum is a digital currency just like Bitcoin. However is it also a lot more than just a digital currency. It is also a platform that allows users to create ‘Smart Contracts’ which can be set to transact in the future once one or more criteria are filled.

Ethereum’s smart contracts use blockchains to encrypt decentralised transactions making them very difficult to fall victim to fraud or attack.

The ability of smart contracts to kick in based on certain criteria are being used to help businesses raise funds from peers without the need for an intermediary such as a bank or crowdfunding platform.

What is a cryptocurrency?

A cryptocurrency is a digital currency which isn’t controlled by a central authority or central bank. Many cryptocurrencies are based on blockchain, a system that facilitates decentralised and peer-to-peer information and currency transfer which is very difficult to corrupt or steal.

What is blockchain?

Blockchain is an ever growing database of records which are time stamped and can’t be edited once the next ‘block’ in the chain is produced. Blockchain is an open ledger and can be used to record transactions between parties in a permanent and secure way.

Bitcoin harnesses blockchain to create a digital currency, but digital currency is only one application of blockchain. 

A Technology reporter from the Financial Times said;

“Blockchain is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one”

Investment Superstore Risk Warning & Disclaimer: All Investment involves risk. Please ensure you understand these risks before you undertake any investments. Investments that use leverage and margin such as CFDs, Options and Futures carry a considerably higher risk than traditional shares and are not suitable for all investors. Any information on the Investment Superstore website is general in nature and not a recommendation to act. Investment Superstore does not itself provide any investment advice nor is any of the content on this site an inducement or invitation to enter into any financial activity. Investment Superstore will not accept any liability for action taken after using this website. If you continue to use this website you agree to this statement and to our terms and conditions.