Summary: The XTB trading platform does not directly offer cryptocurrencies to buy and sell on their platform. XTB only allows its customers to buy 10 crypto CFDs, which are contracts that are tracking the price of the underlying cryptocurrency.
We recommend an alternative multi-asset brokerage in Europe like Uphold EU that offers over 250 cryptocurrencies to buy and sell with zero fees. Unlike XTB, Uphold allows customers to buy real crypto assets and withdraw them to a personal wallet. They also provide daily audits of proof-of-reserves highlighting that customer funds are always backed 1:1.
- Trade over 220 Cryptos with fast and cheap EUR deposits from any European Bank.
- Regulated and Licensed by the Financial Conduct Authority (FCA), FinCEN and has audited Proof-of-Reserves for customer funds.
- Offers multiple asset classes including Crypto (and crypto Staking), Stocks, ETFs, Metals and more.
Can I buy Crypto with XTB?
No, the XTB platform does not offer real cryptocurrency assets on their exchange. The XTB app only offers 10 crypto CFDs (contracts for difference), which do not represent the real underlying asset and means you cannot withdraw them from the platform. The XTB crypto markets also have relatively wide spreads, starting at 0.22% and going as high as 1.5% on altcoins like AAVE or Solana.
How to buy Crypto with an XTB alternative?
The easiest way to invest in cryptocurrencies with an XTB alternative is with the Uphold EU trading platform They are a regulated broker by multiple financial authorities, including the Financial Conduct Authority (FCA) in the UK, CySEC in Europe & Cyprus, and ASIC in Australia. Uphold is also a member of the Investor Compensation Scheme (ICS), which protects clients’ funds up to €20,000 in case the broker becomes insolvent. You can get started investing in cryptocurrencies in minutes from Europe with this simple guide:
- Sign Up: Create an account on Uphold and complete your verification.
- Connect Account: Connect any European Bank account to Uphold to deposit Euros (EUR).
- Deposit Funds: After selecting "My banks" you can select the amount of EUR to deposit and complete the transfer.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Is Crypto Trading Regulated in Europe?
Yes, cryptocurrency trading is regulated in Europe. EU nations have adopted the European Securities and Markets Authority (ESMA) regulations which dictate how crypto should be handled by financial institutions operating in the region. These rules apply to any type of cryptocurrency-related activities such as exchanges, wallets and other services. The ESMA also provides guidelines on consumer protection and market integrity for cryptocurrency investment activities, including aspects such as investor protection and transparency.
In addition to ESMA, certain EU countries have also adopted their own sets of regulations in regards to cryptocurrency trading. For example, the UK has proposed a framework that requires crypto exchanges to register with the Financial Conduct Authority (FCA). This would require them to meet certain standards, such as segregating customer funds from their own and having adequate systems in place to ensure that customers are protected.
About XTB
XTB is a Polish firm established in 2002 that offers CFD and forex trading. It has been providing services to its clients through two entities: XTB Limited, which is authorized and regulated by the UK's Financial Conduct Authority (FCA), and X-Trade Brokers Dom Maklerski SA, which is authorized by the Polish Financial Supervision Authority.
XTB has a good reputation and is considered to be a reliable broker. It has won several awards, including the "Most Trusted Forex Brand UK" at the 2018 British Bank Awards and "Best Trading Conditions" at the 2017 World Finance Markets Awards.
The company offers a wide range of tradable assets, including forex, indices, commodities, shares, and ETFs. XTB also provides its clients with access to a variety of trading platforms, such as the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as its own in-house platform xStation 5.
Final Thoughts
In conclusion, XTB is a reputable trading platform that offers a wide range of tradable assets, including forex, indices, commodities, shares, and ETFs. However, XTB does not offer real cryptocurrency assets on their exchange, but only 10 crypto CFDs with relatively wide spreads. For those who are looking to invest in real cryptocurrency assets, an alternative platform like Uphold EU is recommended. Uphold is a regulated and licensed multi-asset brokerage that offers over 250 cryptocurrencies, as well as other assets like gold and silver metals.
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.
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