Can I buy Cryptocurrencies with AJ Bell Youinvest?
The AJ Bell brokerage platform does not currently offer any cryptocurrency services like digital assets wallets, or trading. This means that AJ Youinvest customers will need to buy crypto-related stocks & ETFs if they want exposure to the asset class.
That said, crypto companies like Coinbase or Microstrategy have typically underperformed the underlying assets like BTC and ETH. This is why we recommend signing up to a platform that lets you buy the underlying digital asset.
How to buy Crypto with an AJ Bell Youinvest Alternative
The easiest way to buy digital assets in the UK is through the eToro platform who is the world's largest multi-asset trading platform. Their platform offers fast and cheap GBP and EUR deposits to trade over 50 cryptocurrencies, and even the ability to stake them to earn interest.
You can get started with the simple guide below:
Step 1: Sign up to the eToro UK platform and verify your identity.
Step 2: Select the 'Deposit Funds' button at the bottom of your dashboard.
Step 3: Select your preferred deposit method (bank transfer, credit card/debit card, or PayPal) and fiat currency.
Step 4: Once the money has landed in your account, you can explore the eToro platform and buy any available asset.
If you buy a cryptocurrency on the eToro platform, it will be automatically stored in your eToro Managed Wallet for secure custody. Read more about this in our eToro Review.
About AJ Bell Youinvest
AJ Bell Youinvest is a UK-based online broker that offers trading in stocks, ETFs, mutual funds, and more. The brokerage was founded in 1995 and today they have over 200,000 customers. AJ Bell also has its own investment platform called AJ Bell Investcentre.
AJ Bell Youinvest has commission-free dealing for UK stocks and ETFs as well as some international markets like the US and Australia. They also offer a mobile app for Android and iOS devices. You can open an AJ Bell Youinvest account starting at £1 per month.