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How to Buy Crypto with XM

How to Buy Crypto with XM

Adrian Graham
Adrian Graham
Fact Checked
Jan 15, 2023

Summary: The XM Broker does not directly offer cryptocurrency trading on their platform, only crypto contracts-for-difference (CFDs). This is not a secure way to buy cryptocurrencies, because you have no real ownership over the asset and cannot withdraw it to a personal wallet.

We recommend using an alternative multi=asset broker like Uphold that offers over 200 crypto assets you can buy and withdraw, as well as hundreds of stocks, ETFs and other markets. They are also one of the only exchanges in the world with an audited proof-of-reserves showing that customer funds are always backed 1:1.

Table of Contents

Best XM Crypto Alternative

Platform Highlights

  • Trade over 200 Cryptos with low fees & fast deposits from 120+ countries.
  • Regulated and Licensed by the Financial Conduct Authority (FCA), FinCEN and has audited Proof-of-Reserves for customer funds.
  • Trade multiple asset classes including Crypto (and crypto staking), Stocks, ETFs, Metals and more.
Uphold - Best XM Alternative
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Crypto with XM?

XM only offers cryptocurrency CFDs (contracts-for-difference) which are extremely risky and expensive to trade. Their platform charges spreads as wide as 2% on coins like Ethereum and AAVE, making them one of the most expensive exchanges in the world to invest in and trade cryptocurrencies.

The XM platform currently offers 31 different Crypto CFDs which are contracts that track the price of the underlying crypto. This means that if you buy these contracts, you cannot withdraw the underlying token or coin into a personal wallet.

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How to buy Crypto or Bitcoin with an XM alternative

The best alternative to buy and sell cryptocurrencies, as well as Stocks, ETFs, Commodities, and Forex all-in-one platform is the Uphold exchange. They are a globally regulated exchange with over 10 million users in 120 countries. Uphold offers fast and cheap fiat deposits, over 200 cryptocurrencies, 24/7 customer support, and some of the lowest fees in the industry.

To get started, you can follow our simple 4 step guide:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (USD, EUR, GBP, AUD + 40 others)
  3. Deposit Funds: Connect any Bank Account from over 120 countries to securely deposit fiat.‍
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
XM Crypto Alternative
Deposit any Currency to Invest in Crypto.

About XM

XM is a leading online broker offering trading in over 10,000 financial instruments including forex, CFDs, stocks, futures, and precious metals. With XM you can trade from anywhere in the world with fast and reliable execution. XM offers 24/5 customer support and is available in 30 languages.

XM Crypto

XM Group is headquartered in Limassol, Cyprus, and provides trade execution services to its clients in over 196 countries. XM is regulated by some of the world’s most trusted financial authorities including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).

XM offers three account types: Standard, Micro, and XM Zero. Standard and Micro accounts are available in over 30 base currencies, while XM Zero accounts are available in USD only. XM also offers Islamic (swap-free) accounts.

  • Minimum deposit: $5
  • Minimum trade size: 0.01 lots
  • Leverage: up to 1:500
  • Spreads: from 0 pips (on XM Zero accounts only)

Post Tags

Centralized Exchanges
Digital Assets
Markets
Bitcoin
Ethereum
Finance

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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