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Cryptocurrencies
Interested in cryptocurrencies, but not sure where to start? Discover some of Pluto's favourite platforms for novice crypto investors in this handy guide.
This article may include paid advertising and/or affiliate links. Please read our Advertiser Disclosure.
Introduction
If you’ve decided you are interested in investing in cryptocurrencies (and are fully aware of all the risks), you’ve probably been met with an overload of choice when it comes to deciding on which provider to use. Of course, you’ll need an easy-to-use, safe, and secure platform that lets you buy and sell crypto, but you may also want to consider other things such as the number of cryptocurrencies on offer, reputation, more advanced features available, and more.
In this review, we’ve selected some of the best providers by considering parameters like asset diversity, feature offering, and ease of use. In the future, as you become a more adept crypto investor, you might prefer platforms with more detailed analysis, and advanced charting tools, but they often are far more complicated to use. For now, we’ve listed some options for users to start with crypto investing.
Ready to get started?
Disclaimer: Terms and conditions will apply. Cryptoassets are volatile and unregulated, and have no consumer protection. Your capital is at risk. You should be aware and prepared to potentially lose some or all of your money. You should carefully consider whether trading or holding cryptoassets is suitable for you in light of your financial condition. Pluto may receive a commission.
Uphold
Pros
✅ 260+ cryptocurrencies
✅ Free virtual debit card with XRP cashback
✅ No monthly fees
✅ £10 minimum deposit and trade
Cons
❌ Sign-up process can be long
❌ Can't link/deposit from some bank accounts
Over 10+ million users across 184+ countries use Uphold to trade 260+ cryptocurrencies. Uphold is a well-established, FCA-registered, US-based platform to trade and access crypto and foreign currencies. Their low minimum deposit (£10), quality user experience, and transparent fee structure make it a strong contender for one of the best beginner-friendly places to trade crypto.
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We are impressed with the free, virtual Uphold debit card. Users can pre-load their card with GBP (min. £10) or crypto, use it to spend as a normal debit card, and then earn XRP cashback in return. This means you can do your weekly shop with your Uphold card, and you earn XRP cashback (4% cashback if you spend crypto, 2% cashback if you spend GBP or any other currency) on this spending. Particularly if you don’t know where to start with crypto or what to buy, this is a great way to start to build up your cryptocurrency portfolio.
In addition, the card has no foreign exchange fees. So you can use it to spend abroad with no exchange fees, and still earn your cashback!
Interested in finding out more about the Uphold card, or want to get started now?
1️⃣ Go to Uphold and sign-up. 2️⃣ Verify your identity and download the app. 3️⃣ Activate the card on the home screen.
Disclaimer: Terms apply. Crypto assets are volatile and unregulated. No consumer protection. Your capital at risk. You should be aware and prepared to potentially lose some or all of your money. You should carefully consider whether trading or holding cryptoassets is suitable for you in light of your financial condition. Pluto may receive a commission.
Introduction
Uphold
eToro
Pros
✅ 70+ cryptocurrencies
✅ Social trading features
✅ Multi-asset offering
Cons
❌ £50 minimum deposit
❌ Inactivity fees
eToro
eToro is a trading and investing platform that empowers users to grow their knowledge and wealth as part of a global community. Their 30 million users worldwide can trade a breadth of assets beyond cryptocurrency, including stocks and ETFs.
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We love eToro's CopyTrader. If you've ever been unsure of what to invest in, you can use CopyTrader to follow someone else's portfolio. All you need to do is find an investor of your choice, select 'copy', and choose how much money to allocate for this. Best of all - it's completely free.
If you want to save time, CopyTrader might be for you. It's a great way - particularly for novice investors - to leverage someone else's expertise.
Want to try out eToro and CopyTrader?
1️⃣ Go to eToro and sign-up. 2️⃣ Verify your identity. 3️⃣ Diversify your portfolio with access to multiple assets.
Disclaimer: Terms apply. Crypto assets are volatile and unregulated. No consumer protection. Your capital at risk. You should be aware and prepared to potentially lose some or all of your money. You should carefully consider whether trading or holding cryptoassets is suitable for you in light of your financial condition. Pluto may receive a commission.
Summary
Summary
We hope you found this crypto provider round-up helpful and informative. Still interested in cryptocurrencies, but want to self-educate first before investing? Check out the Digital Assets lesson section, and try to practise trading cryptocurrencies in the demo (no real money) environment on the free Pluto app.
View our Advertiser Disclosure
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