How to Buy Crypto with DEGIRO
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Summary: DEGIRO does not offer direct Bitcoin or cryptocurrency investments but provides crypto trackers, which allow you to invest indirectly in digital currencies via ETFs and ETNs. However, these investments carry high risk and do not provide direct ownership of a coin.
For direct digital asset investments, traders should consider eToro, a multi-asset trading platform supporting 4,500 cryptocurrencies, stocks, commodities and ETFs. It is known for its global regulatory compliance, competitive fees, and multilingual interface.
eToro stands out as the best alternative to DEGIRO for crypto investments due to its wide range of over 4,500 cryptocurrencies, user-friendly platform, and strong regulatory compliance across Europe.
The FCA, CySEC, ASIC and other Tier-1 Regulators.
70+ Cryptos and 4,500 other assets.
Bank Transfer, SEPA Transfers, Debit Card, PayPal and more.
Can I Buy Bitcoin with DEGIRO?
No, DEGIRO does not offer direct cryptocurrency investment but provides options to invest through ETFs and ETNs, such as VanEck, CoinShares, WisdomTree, and 21Shares. These products give exposure to the performance of cryptocurrencies or indices without owning the digital assets. Investors must use a European exchange for direct ownership of digital assets. These platforms offer secure transactions and enable users to deposit funds from their banks.
How to Buy Crypto with DEGIRO Alternative
For DEGIRO customers seeking an alternative for crypto investments, numerous regulated platforms are available. Our research highlights eToro as the top choice, offering access to more than 4,500 digital currencies, stocks, ETFs, and commodities with competitive fees. Regulated across Europe, eToro enjoys the trust of over 30 million users worldwide.
Here is a guide to investing in crypto through an exchange:
- Account Registration: Visit eToro's website and sign up for a new account with your email address.
- Deposit Funds: Click ‘Deposit Funds’, pick EUR as your currency and transfer funds to the platform.
- Find Asset: Use the search bar to find your desired asset and click the ‘trade’ button.
- Finalize Investment: Input your investment amount, select your desired cryptocurrency and complete the transaction.
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What are the Fees?
Understanding the fee structure is essential when investing in cryptocurrency through a digital asset exchange. Common fees include charges for deposits, trading, and withdrawals. Trading fees can vary significantly across platforms, typically ranging from 1% to 2%.
For investors seeking an affordable platform, eToro is a great option. eToro does not charge any trading fees, but a spread of 1% is applied to crypto transactions. This is significantly lower than competitors like Coinbase who charge upwards of 2%. Additionally, Euro deposits through SEPA are free.
About DEGIRO
DEGIRO is a popular online brokerage platform known for its low-cost investment options. It offers access to a wide range of financial products, including stocks, bonds, exchange-traded funds (ETFs), and exchange-traded products (ETPs). Products include the Core Selection of ETFs, which allows commission-free trading under certain conditions, and its trading accounts, such as the Basic and Custody accounts.
Bottom Line
In conclusion, while DEGIRO does not offer direct cryptocurrency investments, it provides high-risk crypto trackers through ETFs and ETNs for indirect exposure. For those seeking direct digital asset ownership, eToro is a recommended alternative, offering a broad range of digital currencies and competitive fees, supported by strong regulatory compliance and a user-friendly platform.
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