Binance is the world’s largest crypto exchange by trading volume, and it’s our top pick for UK stablecoin buyers due to its low fees and wide selection.
Overview
| Feature | Details |
|---|---|
| Founded | 2017 |
| Headquarters | Various (global) |
| UK Support | Yes |
| FCA Status | Registered for crypto operations |
| Trading Fee | 0.1% (0.075% with BNB) |
| GBP Deposits | Free (Faster Payments) |
| Stablecoins | 10+ |
Fees
Trading Fees
- Spot trading: 0.1% maker/taker
- BNB discount: 25% off fees when paying with BNB
- VIP tiers: Fees decrease with higher volume
Deposit Fees
- Faster Payments: Free
- Debit card: 1.8%
- Bank transfer (SWIFT): Free
Withdrawal Fees
- USDT (Tron): ~1 USDT
- USDT (Ethereum): ~5–15 USDT
- USDC (Polygon): ~0.01 USDC
- USDC (Ethereum): ~3–10 USDC
Supported Stablecoins
Binance supports more stablecoins than any other major exchange:
USDT, USDC, FDUSD, TUSD, DAI, USDP, BUSD (being phased out), and several regional stablecoins.
Payment Methods for UK Users
- Faster Payments — Free, 1–2 hours
- Debit card — 1.8% fee, instant
- Bank transfer (SWIFT) — Free, 1–3 days
- Crypto deposit — Free (network fee only)
How to Buy Stablecoins on Binance UK
- Create an account at binance.com
- Complete KYC verification (passport/driving licence)
- Go to Deposit → GBP → Faster Payments
- Transfer from your UK bank
- Go to Spot Trading → GBP/USDT (or GBP/USDC)
- Place a market or limit order
Pros & Cons
Pros
- Lowest fees — 0.1% is hard to beat
- Free GBP deposits — Faster Payments integration
- Huge stablecoin selection — 10+ stablecoins
- Multiple networks — Choose cheap withdrawal networks
- Advanced features — Convert, P2P, futures, options
- High liquidity — Best prices and tightest spreads
Cons
- Complex interface — Can overwhelm beginners
- Customer support — Can be slow during peak times
- Regulatory uncertainty — Binance has faced regulatory issues in some markets
- Not fully FCA-registered — Operating in UK under grace period
Who Should Use Binance?
- Best for: Experienced buyers who want the lowest fees
- Good for: Anyone buying £100+ of stablecoins
- Less ideal for: Complete beginners who need hand-holding
Verdict
Binance is the best overall exchange for UK stablecoin buyers. The combination of 0.1% fees, free GBP deposits, and the widest stablecoin selection makes it hard to beat. If you’re comfortable with a slightly more complex interface, Binance will save you significant money over time.
Rating: ★ 4.5/5
Compare
- Read our Kraken review
- Read our Coinbase review
- Compare all best exchanges
Review based on publicly available information as of July 2026. Features and fees may change. Capital at risk.