Summary: DEGIRO currently does not facilitate direct trading of cryptocurrencies. Instead, it provides exposure to the crypto market through trackers like Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs), known for their high-risk nature and potential underperformance. Therefore, purchasing digital assets through a secure cryptocurrency exchange overseen by the ESMA or CySEC is recommended.
For DEGIRO clients seeking a robust cryptocurrency platform, our expert team has identified Binance as the best option. Binance presents many investment opportunities, including spot and derivatives trading plus staking services. It operates under regulatory compliance in seven European Union (EU) member states, including France, Italy, Cyprus, Sweden and more.
- Instant Euro (EUR) Deposits from European Banks, Credit/Debit Cards, Apple Pay, and Google Pay
- Trade 350+ Crypto Assets with Competitive Fees Starting at 0.1% Per Trade.
- Largest and Most Trusted Exchange in the World with 100 Million Users.
Can I Buy Bitcoin with DEGIRO?
DEGIRO specialises in conventional financial markets, providing limited access to digital currencies via ETFs and ETNs, like Vectors Bitcoin ETN and WisdomTree Crypto Market. Consequently, investors looking to buy and trade digital assets should opt for a secure cryptocurrency exchange in Europe. Selecting an ESMA-regulated platform guarantees compliance with the EU rules and regulations pertaining to digital currencies.
How to Buy Bitcoin and Crypto with DEGIRO
The most efficient way for European investors to trade Bitcoin or other digital assets is via a trusted and regulated crypto trading platform, such as Binance. Traders can deposit Euros (EUR) via bank transfer (SEPA), credit/debit card (Visa and Mastercard), Google Pay, and Apple Pay.
Here is a step-by-step guide to investing in cryptocurrencies:
- Register with Binance to create an account and verify your email/phone number.
- Choose the fiat currency (EUR) and the digital currency you wish to purchase.
- Deposit funds from your bank account or via another payment method.
- Click ‘Buy’, and the selected cryptocurrency will be credited to your account.
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Is DEGIRO Crypto-Friendly?
DEGIRO offers limited exposure to digital currencies, indicating a measured approach to the crypto sector. However, it is crucial to note that the broker positively views this asset class. As more financial institutions and trading platforms embrace decentralised tokens and blockchain, DEGIRO may extend more comprehensive cryptocurrency investment opportunities in the future.
What Is DEGIRO?
DEGIRO is a popular online brokerage firm that originated in the Netherlands in 2013. It rapidly established its presence across Europe, offering investors low-cost, comprehensive trading services in 18 countries. Users can access an extensive array of assets, including stocks, bonds, ETFs, options, futures, and more, across various international exchanges. DEGIRO is highly appreciated for its user-friendly interface, affordable fee structure, and commitment to providing an inclusive platform for new and experienced investors.
DEGIRO emphasises the importance of security and operates under the regulatory purview of The Dutch Central Bank (DNB) and The Netherlands Authority for the Financial Markets (AFM), ensuring that all activities are transparent and adhere to financial regulations. One of the distinguishing features of DEGIRO is that it offers an introductory tier called the "Basic Account," making it an excellent choice for investors just getting started. Its comprehensive educational resources, reliable customer support, and innovative platform features help investors make informed decisions and smoothly navigate the world of finance.
Final Thoughts
To recap, while DEGIRO provides limited access to the world of cryptocurrencies, its users can still invest in this dynamic asset class through a regulated digital asset exchange. Our top recommendation for European investors is Binance, a premier trading platform offering advanced tools such as trading bots and multiple order types. With over 350 digital currencies listed, Binance provides broad exposure to the rapidly evolving crypto sector.
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.
