Summary: Pepperstone Trading only offers Bitcoin CFDs 'contracts for difference' which means you cannot withdraw it onto a separate wallet. This is poses a risk because customers do not own the real underlying asset and cannot withdraw it from the platform.

As an alternative, we recommend the Uphold platform which offer spot cryptocurrency trading for over 200 assets with low fees and fast multi-currency deposits. The exchange is also one of the few in the world with audited proof-of-reserves and daily transparency reports proving customer funds are always held 1:1.

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Can I Buy Cryptocurrency with Pepperstone?

Pepperstone does not directly offer cryptocurrency trading for assets like Ethereum, Solana, and other digital currencies. The Pepperstone online trading platform only offers a 'Bitcoin CFD' product that allows users to trade a contract that is tied to the price of BTC,  but not real Bitcoins.

Pepperstone does not offer any other CFDs on its platform for different cryptocurrencies like ETH and AVAX. This means that users should use an alternative platform to Pepperstone if they want to invest or trade in digital assets.

How to Buy Crypto with an Alternative to Pepperstone

The best alternative to Pepperstone to buy and sell Cryptocurrencies, as well as Stocks and ETFs is Uphold. Their platform offers fast and cheap deposits for AUD, USD, SGD, GBP and EUR to trade over 200 cryptocurrencies and a wide variety of stocks, ETFs and other assets.

You can get started with our simple guide:

  1. Sign Up: Create an account on Uphold and complete your verification.
  2. Connect Account: Connect your Bank account or Debit/Credit Card to Uphold.
  3. Deposit Funds: Select any of the fiat currencies you want to deposit and finalise the transfer.
  4. Buy Cryptocurrency: Once the fiat hits your account, find the cryptocurrency you want to buy and execute your trade.
Pepperstone Crypto Alternative
Deposit Funds to trade on Uphold.

What are the Fees?

When purchasing Bitcoin and other digital assets using Uphold, the fees involved are quite competitive compared to other cryptocurrency platforms. Uphold charges no fees for ACH Deposits and offers zero fees for buying cryptocurrencies. The only cost incurred is the spread between the buying and selling prices, averaging around 0.2% per transaction.

This fee structure is considerably more affordable than those of alternative retail brokerages such as Coinbase or Kraken, which can charge up to 2% per trade.

About Pepperstone

Pepperstone, founded in 2010 and based in Melbourne, is a leading online trading platform providing access to forex, CFDs, and cryptocurrencies for retail and institutional investors worldwide. With a presence in over 150 countries, the platform has earned multiple accolades, such as 'Best Forex Broker' and 'Best MT4 Broker.' Regulated by both ASIC in Australia and FCA in the UK, Pepperstone maintains a strong commitment to security and compliance, ensuring a reliable and trustworthy trading experience for its users.

Pepperstone Trading.

Final Thoughts

In conclusion, Pepperstone Trading's limited offerings restrict users to Bitcoin CFDs, meaning they cannot trade or withdraw real cryptocurrencies. For a more comprehensive and secure trading experience, Uphold is a recommended alternative, providing access to over 200 digital assets, stocks, and ETFs. With competitive fees, fast multi-currency deposits, and audited proof-of-reserves, Uphold delivers greater versatility and transparency for cryptocurrency enthusiasts.