Can I buy Crypto with Avatrade?
The short answer is no. The Avatrade and Avatrade MT4 platforms only offer Crypto CFD (contracts-for-difference) trading, which means you are not buying the underlying asset. This method of investing in cryptocurrencies is incredibly risky because you are taking additional counterparty risk by not buying the underlying coin.
Another disadvantage to trading Crypto CFDs on Avatrade is the costs. Their platform charges an average of 1% in the spread across their list of available crypto-assets.
How to buy Crypto with an Avatrade alternative
The best alternative to Avatrade to buy and sell cryptocurrencies is the Uphold trading platform. They are a regulated multi-asset broker that offers over 200 different cryptocurrencies and hundreds of stocks, ETFs, metals and other assets. What’s more, Uphold also charges no commission on cryptocurrency trades and offers very competitive spreads. For example, the spread on BTC/USD is currently just 0.2%.
You can get started with this simple guide:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (USD, EUR, GBP+ 30 more).
- Deposit Funds: Connect your bank account or Debit/Credit Card to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Avatrade is an online broker that offers trading in a wide range of financial instruments, including forex, CFDs, and cryptocurrencies. The company was founded in 2006 and is headquartered in Dublin, Ireland. Their platform is regulated by the Central Bank of Ireland and has a global client base of over 200,000 clients. The company offers a variety of trading platforms, including the popular MetaTrader 4 platform, as well as its own proprietary platform, AvaTradeGO.
Their platform offers a wide range of tradable assets, including major and minor forex pairs, CFDs on stocks, indices, commodities, and cryptocurrencies (CFDs). The company also offer Islamic accounts and a variety of account types to suit different trading styles and strategies.
Avatrade also has a strong commitment to customer support and education and offers 24/7 live customer support in 14 languages. The company also provides a comprehensive range of educational resources, including video tutorials, e-books, and articles.
Avatrade is an established and well-regulated online broker with a wide range of tradable assets. However, if you’re looking to buy and sell cryptocurrencies directly, Avatrade does not offer this service. The best alternative for investors who want to trade cryptocurrencies is the Uphold trading platform.
This multi-asset broker offers fast and cheap deposits in over 120 countries, as well as free trades on cryptocurrencies. It is also regulated by CySEC, the FCA, FinCEN and has audited Proof-of-Reserves for customer funds. Finally, Uphold offers a wide range of additional asset classes including stocks, ETFs, metals and more.