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Buy Crypto with Freetrade

Buy Crypto with Freetrade

Dylan Matthews
Dylan Matthews
Fact Checked
Jan 12, 2023

Summary: Freetrade is an online broker that offers trading on shares with zero commissions. Unfortunately, it does not currently provide any cryptocurrency-investing services through its online platform. If you want to purchase digital assets in the UK, you will need to use an FCA-regulated cryptocurrency exchange.

The best and most secure platform to buy cryptocurrencies on is Uphold. Uphold is a London-based, FCA-regulated cryptocurrency trading platform that offers over 200 crypto assets to trade and stake. The platform accepts instant and cheap GBP deposits via Bank Transfer, Debit Card, Credit Card and other methods.

Table of Contents

Best Crypto Exchange in the UK

Platform Highlights

  • Trade 250+ Cryptos with fast Great British Pound (GBP) deposits from any UK Bank.
  • Regulated in the UK & Europe and has audited Proof-of-Reserves for customer funds.
  • Licensed by the Financial Conduct Authority & trusted by over 10 million investors.
Uphold - United Kingdom
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Crypto on Freetrade?

You cannot buy cryptocurrencies like Bitcoin and Ethereum on the Freetrade App. This is because their platform does not support digital asset infrastructure. Freetrade users will need to find an alternative platform that is also licensed by the Financial Conduct Authority (FCA), which supports digital asset investing.


How to buy Crypto with a Freetrade Alternative

The best alternative to trade Cryptos, Stocks, ETFs, and more all in one platform is Uphold. They are one of the largest multi-asset brokerages in the UK. On Uphold, UK investors can deposit GBP via SEPA, Bank Transfer, Credit/Debit Card, Google Pay & Apple Pay. Follow this simple guide to get started:

  1. Create a free account on Uphold with your email and complete the verification requirements.
  2. Connect your bank account or card to Uphold by selecting the 'GBP' button on your dashboard.
  3. You can then select the 'connect bank' button to link your account to Uphold.
  4. Find the cryptocurrency you want to buy and execute your trade.
How to buy Crypto with a Freetrade Alternative.
How to buy Crypto with a Freetrade Alternative.

Cryptocurrency Investing Fees

Uphold is one of the cost-effective brokers in the space with zero fees deposits, withdrawals and trading. However, there is a small spread charged between the buy and sell price of an asset. The average spread is around 0.9% - 1.2% for crypto assets, making their fees significantly cheaper than popular alternatives like Coinbase who charge up to 1.99% per trade.

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About Freetrade

Freetrade is a commission-free stock trading platform based in the United Kingdom. The company was founded in 2013 and launched its mobile app in 2018. Freetrade has over 100,000 users as of September 2019.

Freetrade Crypto buying

Freetrade offers commission-free online stock and ETF trading on major UK exchanges including the London Stock Exchange (LSE), Nasdaq, and NYSE. The company makes money from a monthly subscription fee of £3, which is waived for students.

Freetrade offers demo accounts to help users practice trading without risking real money. The demo account includes virtual cash and access to all features available on the live Freetrade app.

Post Tags

UK Exchanges
Centralized Exchanges
Markets
Finance
UK Banks

Dylan Matthews

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

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