Can I buy Crypto with Interactive Investor?
Interactive Investor is one of the UK's most popular investing platforms that offers you the ability to trade stocks and ETFs with your SIPP, ISA, or other accounts. Their platform does not support Crypto trading or wallets, so investors will need to use an alternative exchange to invest in digital currencies.
Buy Crypto with an Interactive Investor Alternative
The easiest way to buy cryptocurrencies is through the eToro UK platform. They are a Financial Conduct Authority (FCA) licensed exchange that allows you to buy and sell cryptos, stocks, ETFs, commodities, options, CFDs, and more.
You can get started in minutes by following the simple guide:
Step 1: Sign up to the eToro trading platform and verify your account.
Step 2: Select the 'Deposit Funds' button at the bottom of your dashboard.
Step 3: Select the Fiat Currency (e.g GBP) you want to deposit, and your preferred deposit method (Bank Transfer, Credit Card/Debit Card, or PayPal).
Step 4: Once the GBP is in your eToro account, you can buy any asset available on their platform.
When you finalise buying a cryptocurrency like Bitcoin or Ethereum on eToro, it will automatically be placed in your eToro managed wallet for secure custody.
What is Interactive Investor?
Interactive Investors is an online investment platform that allows users to buy and sell shares in a wide range of stocks, ETF and commodities. Interactive Investors was founded in 1995 and currently has over 700 employees. Their headquarters is in Manchester, UK and the current CEO is Richard Wilson (March 2017 -).
Interactive Investors offers a variety of features and tools to help users make the most of their investments. For example, the platform provides access to research from a team of analysts, as well as real-time share prices and market news.
The broker is a popular choice for many investors, as it offers a simple and convenient way to trade shares online. The platform is also very user-friendly, making it a good option for those new to investing.