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Fiat currencies

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Cryptocurrencies

Details

Product Name Solidi Cryptocurrency Exchange
Fiat Currencies GBP
Cryptocurrencies BTC, ETH, LINK, LTC, XRP
Trading Fee No transaction fees
Deposit Fees No fee for crypto deposit. £0.50 for GBP deposit.
Withdrawal Fees Variable fee for crypto withdrawal. £0.50 for GBP withdrawal.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Solidi?

Solidi is a UK cryptocurrency platform and exchange that lets you buy, sell and transfer crypto assets like Bitcoin and Ethereum instantly. While it offers quick account setup and lets you trade with the click of a button, it only lists 5 cryptocurrencies.

Like a lot of crypto exchanges, Solidi also requires that you verify your identity in order to access larger trading limits, but this can be done relatively easily via its website.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: GBP
  • Supported cryptocurrencies: 5 cryptocurrencies

How much does it cost?

You won’t pay any transaction fees when buying and selling cryptoassets on Solidi, but you’ll be offered a set price for each coin, which may be higher or lower than the price offered by other exchanges. You’ll need to pay a £0.50 fee when depositing or withdrawing sterling using your bank account.

Solidi also offers a 3-tiered withdrawal fee system (Immediate, Fast, Low Cost), depending on the cryptocurrency you wish to transfer, and how quickly you want your withdrawal to be processed on the blockchain.

However, it does offer free Fast withdrawals on purchases of more than £500, and free Immediate withdrawals on purchases of more than £1,000.

Is Solidi safe?

Solidi is registered with the Financial Conduct Authority (FCA) [Source 1], and claims to be the only instant purchase exchange to be on the register. However, as with other crypto platforms, your money is not protected by the Financial Services Compensation Scheme (FSCS) if the company goes bust, and your assets will not be recovered if they are sent to the incorrect address.

Cryptocurrency is also a highly speculative and volatile market, and you may end up losing any money that you invest.

How do I open a Solidi account?

  1. Register using your personal details and email
  2. Verify your account using the email code you receive
  3. Enter and verify your UK address
  4. Verify your identity and add your bank details

Pros and cons

Pros

  • Offers instant transactions for a handful of major cryptocurrencies
  • Sign up process is quick and straightforward
  • You can invest small amounts

Cons

  • Limited selection of coins
  • The prices you’re offered may not be very competitive
  • You may encounter a lack of liquidity when trying to buy and sell

Our verdict: Is Solidi any good?

While Solidi purports to offer instant crypto transactions, the lack of assets, clunky interface and poor liquidity doesn’t make it a great choice if you’re looking to buy and sell popular cryptocurrencies.

With how many easy-to-use, professional crypto exchanges are available these days, Solidi is unlikely to be the go-to choice for most beginner or experienced investors.

Compare Solidi against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinJar Cryptocurrency Exchange
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cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with GBP. Trade from your desktop or mobile with a 1% fee and withdrawals are free to your bank account.
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cryptocurrencies

Buy and sell 100+ cryptocurrencies with the option of cold storage and insurance on this UK-based cryptocurrency broker.
Kriptomat Cryptocurrency Exchange
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Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill, Apple Pay
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

32
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
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Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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