Summary: Interactive Investor does not support direct cryptocurrency trading. Instead, users can only trade crypto-related stocks, CFDs, and ETFs.
For a broader range of options, consider a multi-asset broker like Uphold, which is regulated by the Financial Conduct Authority (FCA) and based in London. Uphold offers access to over 250 cryptocurrencies, numerous stocks, ETFs, and other assets at competitive fees in the United Kingdom and more than 120 other countries.
Best Interactive Investor Crypto Alternative
Platform Highlights
- Trade over 220 Cryptos with Fast and Cheap deposits in over 120 countries.
- Regulated and Licensed by CySEC, the FCA, FinCEN and has audited Proof-of-Reserves for customer funds.
- Offers multiple asset classes including Crypto (and crypto staking), Stocks, ETFs, Metals and more.
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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.
How to Buy Crypto with an Interactive Investor Alternative
As mentioned above, the best way to buy and sell Bitcoin and cryptocurrencies is through a regulated crypto broker. With this method, customers can sign up and deposit fiat currencies via bank transfer, debit card or credit card to invest in crypto assets. Our top pick for investors in the US, Europe and the UK is Uphold because they are a licensed trading platform that offers fast deposits and low fees for 250+ digital assets.
You can get started in minutes by following the 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, debit card or 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.
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What are the Fees?
The fees to invest in cryptocurrencies will vary depending on the platform you choose to use. For example, Interactive Investor charges a subscription fee to use the platform starting at £4.99 a month and an additional 1% fee in the spread of their buy and sell price. On the other hand, platforms like Uphold charge zero subscription fees, zero commissions and tighter spreads at 0.5%.
What is Interactive Investor?
Interactive Investor (II) is a UK-based online investment platform and trading service that provides users with access to a wide range of financial products, including stocks, bonds, funds, ETFs, and investment trusts. Established in 1995, the platform has grown to become one of the UK's leading investment service providers. While Interactive Investor does not offer direct cryptocurrency trading, it allows users to trade crypto-related stocks, CFDs, and ETFs. The platform is known for its transparent fee structure, research tools, and extensive market analysis, making it a popular choice among investors looking to manage their portfolios and make informed decisions.
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Final Thoughts
In conclusion, Interactive Investor is a popular UK-based platform for trading stocks and ETFs, but it does not support direct cryptocurrency trading. For those interested in trading crypto assets, an alternative like Uphold, a licensed and regulated broker, is recommended. Uphold provides access to over 250 cryptocurrencies, various stocks, ETFs, and other assets at competitive fees.
Users can easily sign up, connect their bank accounts or cards, and start trading cryptocurrencies on the platform. Compared to Interactive Investor's fee structure, Uphold offers zero subscription fees, zero commissions, and tighter spreads at 0.5%.
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Author
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.
