Can I buy Cryptocurrencies with Vivid Money?
Yes, the Vivid Money Digital Banking app allows users to buy and sell over 300 Cryptocurrencies and thousands of Stocks & ETFs directly through their platform. However, it is important to note that Vivid Money charges a 1% fee and 1% spreads when you invest in assets on their app.
The only way to reduce the fees charged by Vivid is to sign up for Vivid Prime, which costs €9.90 a month. With this subscription, your fees will be cut in half - however it is still more expensive than most specialist digital asset exchanges that you can use throughout Europe.
How to buy Crypto with a Vivid Money Alternative
The best alternative to invest in Crypto with a Vivid Money account is eToro. Their platform offers fast and cheap EUR deposits from Vivid Money accounts to trade over 70 Cryptos and 7,000 Stocks, ETFs, Commodities and much more. They also offer 0% commissions on all trades, making them a significantly cheaper alternative to Vivid Crypto.
To get started, simply follow our 4 step guide below:
- Create an account: Sign up to the eToro platform and verify your identity (personal or company).
- Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit funds from Vivid Money or an alternative method.
- Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the fiat amount you want to buy and execute your trade.
What is Vivid Money?
Vivid Money is a new digital bank that offers users a unique way to manage their finances. The Vivid Money app allows users to see all of their financial accounts in one place, track their spending, and set goals. The app also provides a way for users to transfer money between accounts and make payments.
Vivid Money is available in the US, UK, Germany, Austria, Switzerland and other countries throughout Europe. The company plans to expand to other countries in the future.
How Does Vivid Money Work?
The Vivid Money app is designed to help users manage their finances in a simple and efficient way. The app provides a complete view of all of your financial accounts in one place. This includes bank accounts, credit cards, loans, and investments. You can also track your spending, set goals, and transfer money between accounts.
Vivid Money is available for iOS and Android devices. The company plans to launch a web version of the app in the future.