Home
»
Guides
»
How to buy Crypto with XM

How to buy Crypto with XM

Adrian Graham
Fact Checked
Jul 21, 2022

Summary: The XM Broker does not directly offer cryptocurrency trading on their platform, only crypto contracts-for-difference (CFDs).

We recommend an alternative multi-asset broker like eToro that offers over 70 cryptocurrencies and thousands of Stocks, ETFs, Forex, and much more.

Table of Contents

Platform Highlights

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.

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 eToro exchange. They are a globally regulated exchange with over 10 million users in 140 countries. eToro offers fast and cheap fiat deposits, over 6,000 tradable assets, 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. Create an account: Sign up to the eToro platform and verify your identity (personal or company).
  2. Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit USD, EUR, GBP, or AUD via Bank Transfer, Debit Card, Credit Card, PayPal, AMEX or Skrill.
  3. Find Crypto on eToro: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the amount you want to buy and execute your trade.
eToro
Invest in Crypto, Stocks, ETFs, Forex and more with eToro.

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)

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

Twitter
View Posts