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 Uphold. Their platform offers fast and cheap EUR deposits from Vivid Money accounts to trade over 200 Cryptos and a wide variety of stocks, ETFs, commodities and other assets. They also offer lower fees than Vivid, making them a more efficient alternative.
To get started, simply follow our 4 step guide below:
- Sign Up: Create an account on Uphold and complete your verification.
- Connect Account: Connect your Vivid Money account or card to Uphold by selecting the fiat currency you want to transfer on your dashboard.
- Deposit Funds: You can then select the 'connect bank' button to link any European Bank account to Uphold.
- Buy Cryptocurrency: Find the cryptocurrency 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.
Vivid Money provides a convenient way to manage your finances in one place. However, they are one of the more expensive ways to invest in crypto, with fees of over 1% per trade. For cheaper and faster trading, we recommend an alternative platform like Uphold that offers lower fees and access to multiple asset classes. Regardless of which platform you choose, it is important to understand the risks associated with crypto investing before getting started.