Summary: Avatrade does not provide cryptocurrency investment services or products directly via its digital trading platform. Nevertheless, it enables clients to transfer Euros (EUR) from their trading accounts to approved and regulated cryptocurrency exchanges for investment in such asset types.
Our experts highly recommend Uphold for Avatrade customers in Ireland. This platform allows speedy and cost-effective EUR deposits from Avatrade for trading and staking over 250 cryptocurrencies with attractive spreads. Uphold is licensed and regulated by the UK's Financial Conduct Authority (FCA), ensuring a high security standard.
- Trade 250+ Cryptos with Fast and Cheap Deposits in over 120 countries.
- Regulated and Licensed by CySEC, the FCA, FinCEN and has audited Proof-of-Reserves for Customer Funds.
- Offers Multiple Asset Classes, including Crypto (and crypto staking), Stablecoins, Metals and more.
Can I Buy Bitcoin with Avatrade?
Avatrade provides its customers with the opportunity to engage in cryptocurrency Contracts for Difference (CFDs), enabling them to speculate on the price movements of Bitcoin, Ethereum, Litecoin, and a variety of other digital assets. Note, however, that this doesn't equate to direct purchase of the cryptocurrencies.
For investors looking to buy real digital assets, they will need to sign up with a regulated crypto exchange in Europe operating within the framework of the European Securities and Markets Authority (ESMA).
How to Buy Bitcoin and Crypto with Avatrade
The most convenient avenue to participate in Bitcoin and crypto trading is via a reliable digital exchange, such as Uphold. The platform lets users deposit EUR instantly from their trading account or using a credit/debit card, Google Pay, or Apple Pay.
Follow this simple step-by-step process to begin trading with cryptocurrencies:
- Create an account on Uphold and verify your identity.
- Connect your Avatrade account to deposit funds.
- Go to the ‘My Banks’ section and enter the EUR amount.
- Find the token you want to buy and finish the trade.
Is Avatrade Crypto-Friendly?
Yes, Avatrade is indeed crypto-friendly. However, it's important to understand that Avatrade doesn't allow direct trading of cryptocurrencies. Instead, it offers Contracts for Difference (CFDs) on cryptocurrencies. This means that instead of buying and owning the asset itself, you're trading on the price movement of cryptocurrencies like Bitcoin, Ethereum, and Litecoin, among others.
With a crypto CFD, you can speculate on price movements in either direction, offering potential profitability regardless of whether the crypto market is in a bullish or bearish trend. This, combined with their adherence to regulations set by the European Securities and Markets Authority (ESMA), makes Avatrade a secure and friendly platform for those interested in the cryptocurrency market.
What Is Avatrade?
Avatrade is an Irish broker known as one of the pioneers in providing comprehensive online trading solutions. Established in 2006, it is regulated by the Central Bank of Ireland and the ESMA. While it offers a range of products, its most successful offerings include Forex, commodities, indices, and ETF trading, all processed online. Its headquarters are located in Dublin, Ireland.
With its all-digital approach, Avatrade has been a game-changer in the traditional trading sphere. Since its foundation, Avatrade has attracted investments from a number of high-profile investors. Traders can explore numerous investment options with Avatrade's user-friendly and technologically advanced platform, catering to beginners and experienced traders. Additionally, Avatrade integrates seamlessly with popular third-party trading platforms such as MetaTrader 4 and MetaTrader 5, allowing users to execute trades and manage their portfolios effectively.
Final Thoughts
In conclusion, Avatrade allows its clients to buy and trade Bitcoin with other digital currencies in line with EU regulations via regulated and approved trading platforms. We discovered that clients could seamlessly deposit money from Avatrade accounts and trade cryptocurrency with a reputable exchange like Uphold. It is one of the leading digital asset exchanges in the world, trusted by more than 10 million users.
Although Avatrade maintains a positive attitude towards cryptocurrencies, it advises clients to tread cautiously and use platforms overseen by regulatory authorities like the ESMA or FCA. Otherwise, transactions to potentially risky exchanges could get blocked.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
