Can I buy Cryptocurrencies on Nutmeg?
As previously stated, the Nutmeg App does not provide any Cryptocurrencies or alternative exposure to digital assets with their select portfolios. Nutmeg currently offers 4 different managed portfolios that diversify across stocks, bonds, and ETFs. These include:
- Fully Managed: An actively managed stock portfolio with a 0.75% yearly fee.
- Smart Alpha: An actively managed portfolio by JP Morgan with a 0.75% yearly fee.
- Socially Responsible: A portfolio of environmental ETFs with a 0.75% yearly fee.
- Fixed Allocation: A portfolio of low-risk cash instruments with a 0.45% yearly fee.
If you want to buy Crypto securely in the UK, we recommend going through the Uphold exchange. It is the most reliable and trusted Cryptocurrency trading platform for UK investors and offers a variety of features including both trading and staking services and a Crypto Card.
How to buy Crypto with a Nutmeg Alternative
The easiest way to buy Cryptocurrencies like Bitcoin and Ethereum in the United Kingdom is with Uphold. Their platform offers free and instant GBP deposits from any bank account to trade over 250 tokens. They are a secure and Financial Conduct Authority (FCA) regulated exchange. Follow these simple steps to get started.
- Open a free account on Uphold and complete your verification (personal or company).
- Select the currency you want to deposit on the Uphold Platform (GBP + 30 more).
- Connect your UK or European Bank account to quickly deposit your selected fiat currency.
- The final step is to find the Cryptocurrency you want to buy and execute your trade.
Will Nutmeg ever add Cryptocurrencies?
The current stance from the company is that they do not have plans to add Crypto in the near future. CEO Martin Stead commented on this in an interview with This is Money, saying: “We don’t currently offer Cryptocurrency investing and have no plans to do so in the near future… At Nutmeg, we provide access to traditional investments like stocks and shares ISAs, pensions and life insurance”.
What is Nutmeg?
Nutmeg is an online investment platform that offers its users a simple and convenient way to invest their money. The platform provides a wide range of investment products and services, including shares, bonds, ETFs, and mutual funds. Nutmeg also offers a number of unique features, such as a risk tolerance test and a portfolio builder tool for ISA accounts in the United Kingdom.
There are several key benefits of using the Nutmeg investment platform:
- Convenience: Nutmeg makes it easy and convenient for users to invest their money. All investments can be made online without the need to visit a physical branch or meet with a financial advisor.
- Wide range of products: Nutmeg offers a wide range of investment products, including shares, bonds, ETFs, and mutual funds. This gives users a great deal of flexibility when it comes to investing their money.
- Risk tolerance test: Nutmeg provides a risk tolerance test that helps users understand their risk profile. This is an important tool for ensuring that investments are made in line with an individual's risk appetite.
- ISA accounts: Nutmeg offers a portfolio builder tool for ISA accounts in the United Kingdom. This is a valuable feature for those looking to maximise their tax-free returns from investing.
Nutmeg charges a management fee of 0.75% per year on all assets managed by the platform. There are also no dealing, withdrawal, or transfer fees. This makes Nutmeg one of the most competitively priced investment platforms on the market.
Overall, Nutmeg is a convenient and user-friendly investment platform that offers a wide range of features and benefits. The platform is suitable for both beginner and experienced investors and is an excellent choice for those looking to invest in a simple and cost-effective way.
Nutmeg does not currently provide any Cryptocurrency investing services directly through its platform. The best way to invest in digital assets in the UK is by using the Uphold platform. It is the most secure Crypto exchange for British investors that offers competitively low fees, transparent proof of reserves, and a feature-rich platform. To learn more, visit our Uphold Review.