Can I buy or trade Crypto with IG Trading?
IG does not directly offer cryptocurrency trading on their platform in a way that gives you exposure to the real underlying coin. That said, you can trade 10 crypto CFDs on their platform which are contracts that track the price of the underlying asset. The disadvantage of this method is that you cannot withdraw the coins to your personal wallet.
IG Trading currently offers the following cryptocurrency coins:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Cardano (ADA)
- Polkadot (DOT)
- Dogecoin (DOGE)
- Uniswap (UNI)
- Chainlink (LINK)
- Bitcoin Cash (BCH)
- Stellar (XLM)
- Neo (NEO)
- EOS (EOS)
IG Crypto Trading Fees
One of the best benefits of trading cryptocurrency on IG is the fact that they offer tight spreads and low fees. If you want to buy or sell Bitcoin (BTC) for example, you will pay a 0.08% fee on IG and there is an average spread of 0.36%. This is cheaper than the vast majority of IG's competitors when it comes to digital asset trading.
How to buy Crypto with an IG Trading Platform Alternative
The best alternative to trade Cryptocurrencies and Stocks, ETFs, Currencies, Commodities, and other assets in one platform is Uphold. They are a globally regulated multi-asset brokerage with over 10 million customers worldwide and offer some of the tightest spreads in the industry. Their platform offers over 200 real cryptos and a wide range of other assets from global markets.
You can get started in minutes with this simple 4 step 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.
What is IG?
IG is a world-leading online trading platform, offering users the ability to trade on over 16,000 financial markets including forex, shares, indices, and commodities. The company was founded in 1974 and has since grown to become one of the largest online trading platforms in the world, with over 195,000 clients worldwide.
IG is regulated by the Financial Conduct Authority in the UK and offers a wide range of markets and products to suit all levels of trader.
IG offers users a huge range of markets to choose from. As well as forex, shares and indices, IG also offers trading in a range of commodities, including gold, silver and oil.
The company also offers CFD trading, which allows users to trade on the price movements of a wide range of financial markets without actually owning the underlying asset.
For those wanting to trade cryptocurrency, IG offers CFDs in 10 coins. This gives users the ability to speculate on price movements without owning the underlying asset. However, if you want to buy and own real crypto assets, then Uphold is the best option for global investors due to its wide range of cryptos and other assets offered and its low spreads and fees.
Regardless of which platform you choose to invest in crypto assets, it is important to remember that all investments come with risks and you should do your research before investing.