How to deposit and buy crypto in the UK
The short answer
In the UK, Bitget, Binance, Kraken, Coinbase publish an official way to fund an account: FPS, SEPA, Easy Bank Transfer, Card, P2P GBP. Binance takes FPS deposits (1 GBP) and pays withdrawals back to your bank (1 GBP). P2P in GBP is listed on Bitget. Card purchases are documented on Coinbase. Checked against official help pages on 2026-10-15.
Step by step
Open an account on Binance and complete identity verification (KYC).
Deposit GBP by FPS from a bank account in your own name.
Buy BTC, ETH or any other coin on the spot market.
To cash out, sell to GBP and withdraw by FPS to your bank.
Methods by exchange
Not offered
- MEXC · card purchases · mexc.com · checked 2026-10-15
Crypto cards for the UK
- Kraken Card
- Coinbase Card
FAQ
Which exchange is best for deposits and withdrawals in the UK?
Binance is the first choice in the UK: FPS.
Can I withdraw back to my bank in the UK?
Yes. Binance, Kraken, Coinbase publish bank withdrawals in GBP.
Sources
- GBP Bank Transfer via Faster Payments Service (FPS) - Common Issues & Resolutionsbinance.com · updated 2021-04-12 · checked 2026-10-15
- What Currencies Are Supported on Bitget P2P?bitget.com · updated 2025-10-30 · checked 2026-10-15
- Add and verify a payment method - EMEAhelp.coinbase.com · checked 2026-10-15
- Funding your account - EMEAhelp.coinbase.com · checked 2026-10-15
- Cash deposit optionssupport.kraken.com · checked 2026-10-15
- Banking Circle Funding Providersupport.kraken.com · checked 2026-10-15
- Cash withdrawal optionssupport.kraken.com · checked 2026-10-15