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How to Buy Bitcoin and Crypto With Trading 212 [2024]

How to Buy Bitcoin and Crypto With Trading 212 [2024]
Diana Paluteder

Summary: Trading 212 does not offer cryptocurrency trading directly on its platform. Instead, investors in the UK and Europe will need to sign up with a third-party broker online to buy, sell or trade digital assets like Bitcoin (BTC) and Ethereum (ETH). 

The safest and most cost-effective way to buy crypto with Trading 212 is to sign up with a licensed crypto-friendly broker. After analyzing over ten other exchanges, we found the multi-asset investing platform eToro to be the best choice for Trading 212 customers, as it is regulated by the Financial Conduct Authority (FCA), offers some of the lowest fees, has a wide selection of crypto coins, and is trusted by nearly 3 million active users.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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 with Trading 212 and eToro 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.
Crypto on eToro. Source: etoro.com

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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.

Trading 212’s homepage. Source: trading212.com

Products and services offered by Trading 212 include: 

Trading 212 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, Trading 212 crypto users should 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. 

Tips when starting out

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 starting out 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 has a license from an appropriate regulator in your country. Additionally, study the exchange’s user terms and agreements carefully to learn more about where they’ll keep your money and what happens to your funds if the business goes bankrupt;
  • 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. Also, 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: The crypto market is volatile, so be conservative with your investments. For more investing tips, take a look at our guide on investing mistakes to avoid;
  • Monitor your investments: Keep an eye on the market and be wary of price changes of your chosen cryptocurrency. 

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

Does Trading 212 have crypto?

Though Trading 212 offers access to various financial instruments, it does not provide access to crypto trading. 

How to buy crypto on Trading 212?

Customers at Trading 212 can get indirect exposure to cryptocurrencies through crypto-related stocks. However, to buy the underlying cryptocurrencies themselves, investors must sign up with a regulated investing platform that offers cryptocurrencies. 

Can you buy crypto on Trading 212?

Although Trading 212 provides some indirect exposure to cryptocurrencies, it doesn’t allow customers to buy individual cryptocurrencies.  

What is Trading 212 crypto policy?

Trading 212 customers cannot buy cryptocurrencies through its online trading platform. However, the company has indicated that it is working on introducing crypto trading services in the future. That said, it has yet to provide a specific timeline. So, as always, inspect the company’s website directly for the most up-to-date information. 

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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