The Best Ways to Deposit GBP Into a Crypto Exchange

Bank transfer, debit card, or open banking? We compare the most common deposit methods available to UK users and their associated costs.

Deposit Methods for UK Users

The cheapest option. Most UK exchanges accept Faster Payments with no deposit fee and same-day processing.

Best for: Regular deposits, larger amounts

Instant deposits but typically cost 1–3%. Useful if you want to act quickly on a market move.

Best for: Small, urgent purchases

Increasingly offered by UK exchanges. Similar to bank transfer but faster and sometimes more secure. Usually free.

Best for: The best of both worlds — speed and low cost

Some exchanges accept e-wallets. Fees vary and withdrawal back to these accounts can be restricted.

Best for: Users already using these platforms