Can you buy Crypto with DEGIRO?
No, DEGIRO does not provide direct exposure to cryptocurrencies. The only way to access cryptocurrencies through DEGIRO is through Exchange Traded Notes (ETNs), which are synthetic financial products that track the price of cryptocurrencies.
However, investing in ETNs can be risky as they are subject to counterparty risk, meaning the risk of loss if the issuer of the ETN fails to pay out. Additionally, the value of ETNs may not perfectly track the price of cryptocurrencies, leading to potential differences in returns.
What is the Best DEGIRO Crypto Alternative?
As an alternative for investors in the UK & Europe looking to buy crypto, our recommendation is Uphold. Their platform offers fast and free EUR and GBP deposits through bank transfer, debit card, or credit card, allowing you to trade and hold over 250 different cryptocurrencies with low fees. Uphold is a secure, trustworthy, and regulated platform that is used by over 10 million investors.
To get started with Uphold:
- Sign up and complete the identity and KYC verification process.
- Connect your UK or European bank account or debit/credit card to deposit funds.
- Browse through the over 250 available cryptocurrencies on the Uphold platform.
- Enter the amount you want to invest and select "Buy."
What Crypto ETNs are Available on DEGIRO?
The DEGIRO platform currently offers over 50 crypto ETFs and ETNs on the platform which give investors exposure to Bitcoin, Ethereum and over 30 different altcoins like Cardano, Polkadot, Solana and many others. One of the very few benefits of Crypto ETNs on DEGIRO is that they are relatively cheap to trade and cost just €2.50 per transaction.
To summarize, DEGIRO does not provide direct exposure to cryptocurrencies but rather allows investors to buy and sell Crypto Exchange Traded Notes (ETNs). These synthetic financial products come with their own set of risks, including counterparty risk and potential differences in returns.
For those looking for a safe and affordable option to buy cryptocurrencies, we recommend Uphold as the best alternative. With a user-friendly platform, instant and cheap Euro and GBP deposits, and over 250 cryptocurrencies available to trade and hold, Uphold is a trusted and regulated option for investors in the UK and Europe.