What to check before sending money to a crypto platform

Before you send money to any crypto platform, a few quick checks can save you from scams and avoidable losses.

Run through this first

  • Search the firm on the FCA Register and the FCA Warning List.
  • Check the website address carefully and avoid links from adverts, emails or messages.
  • Confirm the current fees and whether the service is available to UK users.
  • Be wary of guaranteed returns, time pressure, or anyone asking for remote access.
  • Start small if you are unsure, and never send money you cannot afford to lose.

If anything feels off, stop. You can report scams to Action Fraud. See also our UK crypto safety guide.

Crypto is high risk and largely unregulated in the UK. You could lose all the money you invest, and most crypto is not protected by the FSCS or the Financial Ombudsman Service. This is educational information only, not financial advice. Only invest what you can afford to lose.

Risk warning Cryptoassets are high risk and volatile, and are largely unregulated in the UK. You could lose all the money you invest. Most crypto is not protected by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service. crypto.co.uk provides educational and comparison information only and does not provide financial advice. Always check current details directly with providers, and only invest what you can afford to lose.
Affiliate disclosure: crypto.co.uk may earn a commission in future if you sign up to a provider through some links on this site. Because we do not rank, score, or recommend providers, any such commercial arrangement does not affect how platforms are listed or described.