How to Buy Crypto With Trading 212 [2023] | Step-by-Step

Summary: Trading 212 does not provide cryptocurrency trading on its platform. Instead, investors in the UK and Europe will need to sign up with a Financial Conduct Authority (FCA) licensed multi-asset investing platform, such as eToro, to buy, sell or trade digital assets like Bitcoin (BTC) and Ethereum (ETH). 

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Finbold is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

Can you buy crypto with Trading 212? 

Unfortunately, you can’t buy, sell, or trade crypto on Trading 212 directly. While you can gain indirect exposure to cryptocurrencies by investing in crypto-related stocks such as Coinbase (NASDAQ: COIN), to buy the underlying digital assets themselves, you will need to connect to an FCA-licensed cryptocurrency exchange. 

How to buy crypto with Trading 212?

An alternative broker to Trading 212 that offers cryptocurrencies is eToro, which is an FCA-licensed and widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as “Copy Trading” (enables users to imitate top-performing crypto traders), a staking service, custom watchlist, as well as advanced charts and technical analysis tools. 

How to buy crypto with Trading 212: Step-by-Step

You can get started in minutes with four simple steps:

• Step 1: Create an account on eToro and complete your verification (personal or company);
• Step 2: Enter the EUR/GBP amount you want to deposit on the eToro platform;
• Step 3: Connect your bank account to deposit your selected fiat currency;
• Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.

Best for:

Intermediate Traders and Investors

2.8 Million Active Accounts

Get Started

Finbold is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

About Trading 212

Trading 212 is an online broker that offers a comprehensive selection of financial instruments, including commission-free stocks and ETFs trading. The financial services company was founded in 2004 in Bulgaria and has since grown to serve 2 million customers across Europe and the UK.

Products and services offered by Trading 212 include: 

• Investments: Stocks, ETFs, commodities, forex;
• Services: Fractional shares, automated investing;
• Educational content: News, Economic Calendar, and market analysis.

Trading 212’s crypto policy

Following the FCA’s ban on derivative crypto assets (contracts for difference, i.e., CFDs, options, and futures) and ETNs that reference crypto assets, the trading of such products was removed from the Trading 212 platform in the UK. 

However, Trading 212 has indicated that it is currently working on introducing crypto trading services in the future but has not provided a specific timeline. As always, inspect the company’s website directly for the most up-to-date information. 

How to buy crypto safely

While crypto can be a lucrative investment with astronomically high returns, its volatile nature makes it considerably riskier than traditional asset classes such as stocks or bonds. In addition, the crypto market is rife with scams, frauds, and scandals, further demonstrating that the crypto space should be entered with caution. 

Moreover, although FCA-licensed crypto brokers are required to have anti-money laundering (AML) and terrorist financing procedures in place, crypto assets themselves are not regulated in the UK. In fact, with most cryptocurrencies, investors are unlikely to have access to protections from the Financial Ombudsman Service and the Financial Services Compensation Scheme (FSCS) if something were to go wrong. 

Fortunately, there are steps you can take to ensure you’re being careful when buying crypto. Let’s look at a few tips on what you should do when getting started with digital assets and how to best protect yourself and your money:

• Research the cryptocurrency you want to buy: Make sure you understand how it works and what the risks are; 
• Only use a safe device: Avoid public computers and Wi-Fi networks. Always use your personal computer with a VPN, which helps establish a secure connection between you and the web, keeping your sensitive information safe;
• Choose a reputable exchange: Ensure the exchange is licensed by the appropriate regulators in your country and has a solid track record. Study the exchange’s user terms and agreements carefully to learn more about where your money is kept and what happens to your funds if the business goes bankrupt. You may also want to scour through user reviews to catch any red flags;
• Secure your account: Use two-factor authentication and a strong password to protect your account;
• Use a secure wallet: Store your cryptocurrency in a secure wallet to protect it from hackers. You can opt for either a hot (online) or cold (offline) wallet. To choose the right one for you, make sure to check out our in-depth guide on crypto wallets;
• Don’t invest money you can’t afford to lose: Because the crypto market can be so volatile, you need to be conservative with your investments, particularly when starting out. For more investing tips, have a look at our guide on investing mistakes to avoid;
• Monitor your investments: Keep an eye on the market and be aware of any changes in the price of the cryptocurrency you’re investing in. 

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about how to buy crypto with Trading 212: