Summary: IG Trading allows users to buy 10 crypto CFDs (contracts-for-difference) but does not give you asset ownership. Investors looking to buy and hold digital assets must transfer funds from their accounts or cards to a licensed exchange to securely trade crypto. Finding a trading platform licensed by the FinCEN is essential for safeguarding your assets and the exchange.
After thoroughly evaluating the leading global cryptocurrency exchanges, our team has concluded that Bybit is the most suitable choice for IG Trading users. Bybit offers free and instant deposits in over 90 fiat currencies and is available to use in 180+ countries worldwide.
- Free and instant deposits in 90+ fiat currencies, such as USD, EUR, GBP, CAD & more.
- Buy, sell and trade over 400 cryptocurrencies and stablecoins.
- Regulated and trusted exchange with over 15 million users.
Can I Buy Bitcoin with IG Trading?
Although IG Trading allows you to trade crypto on its platform, you can not own digital assets. To purchase crypto, traders should register with digital currency platforms in the United States. American investors simply need to deposit USD and convert it directly for tokens like Bitcoin. Using an exchange regulated by the FinCEN is vital to ensure compliance with regulations and guarantee the platform's security.
How to Buy Bitcoin or Crypto with IG Trading
For IG Trading users seeking secure crypto asset investments across the United States, Bybit is the best solution. Bybit presents a range of deposit options for IG Trading customers to fund their accounts with USD and other currencies, including Bank Transfer, Debit Card, Credit Card, PayPal, ACH Transfer, and more.
Investors get started in minutes with this simple 4-step guide:
- Registration: Sign up on the Bybit platform and verify your identity.
- Deposit Funds: Select the 'Buy Crypto' button on your screen and pick a deposit method.
- Find Crypto: Pick your desired token and fiat currency.
- Execute Your Trade: Input the amount you want and click ‘Buy’.
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IG Trading Cryptocurrency Policy
The IG Trading platform allows users to trade 10 crypto CFDs (contracts-for-difference) without owning the assets. Despite currently offering only CFDs, the platform intends to incorporate digital assets into its services, which users can possess and transfer to external wallets in the near future. For now, US investors must use a digital asset exchange licensed by the Financial Crimes Enforcement Network (FinCEN).
About IG Trading
IG is a world-leading online trading platform, allowing users to trade on over 16,000 financial markets, including forex, stocks, indices, cryptocurrencies, and commodities. Established in 1974, IG is recognized for its robust trading technology, competitive spreads, and access to international markets. The company has since become one of the largest online trading platforms globally, with over 195,000 clients worldwide.
Its selection of educational resources, plus its intuitive interface, makes it conducive for novice and seasoned traders. Regulated by top-tier authorities, it instills confidence in clients through transparent pricing and secure trading environments. Optimal for individuals seeking diversification, IG Trading paves the way for a comprehensive trading experience.
Final Thoughts
To summarize, IG Trading does not facilitate all direct cryptocurrency transactions within its platform. However, it does enable clients to purchase assets like Bitcoin by transferring funds to trustworthy and FinCEN-licensed exchanges. For customers of IG Trading, Bybit is the top choice, as it provides cost-free and immediate deposit options in USD, allowing users to trade a wide range of tokens.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
