Trading 212 bitcoin cash

Trading 212 is one of the reputable CFD trading platform that allows anyone to trade forex, commodities, stocks, cryptocurrencies, and indices. Trading 212 is the trading name of Trading 212 UK Ltd and Trading 212 Ltd. Trading 212 UK Ltd is registered in England and Wales, regulated and authorized by the FCA (Financial Conduct Authority). Trading 212 Ltd is registered in Bulgaria and is regulated and authorized by Financial Supervision Commission.

Being a regulated platform, Trading 212 protects its customers’ assets by keeping them safely in segregated bank accounts. Furthermore, it provides compensation of up to €20,000 in case the company is unable to repay its customers’ funds or it is dissolved. In addition to this, it also follows industry’s best security practices to protect its customers’ assets.

The web trading platform of Trading 212 is intuitive and user-friendly. At the time of writing, it listed more than 1800 instruments including all the top cryptocurrencies like Bitcoin, Litecoin, Ethereum and Ripple. It offers a practice account to help traders test their skills without risking their money. The CFD trading platform has a mobile app (iOS/Android) to help users trade on the go.

The following review analyses several aspects of Trading 212, whilst providing you with an all-rounded detailed overview of the platform and its services. Although Cryptimi does its best to provide you with accurate information, whilst aiming to update it on a regular basis, we strongly recommend you to visit their visit their website for any important updates which might occur after this review has been published.

Is Trading 212 Safe?

Trading 212 claims that all clients’ funds are kept separately in segregated bank accounts. In order to comply with regulations, the clients are covered by FSCS (Financial Services Compensation Scheme) and ICF  Bulgaria (Investors Compensation Fund). And, if the company is not able to repay clients’ funds or fails, then clients are eligible to get a claim of up to £85,000 under FSCS and to a maximum of €20,000 or 90% of clients’ funds, whichever is lower.

A dedicated 24/7 Security Operations Centre monitors and analyses the web site’s traffic to protect its customers from security vulnerabilities.

Trading 212 CFD Trading Platform

Trading 212 allows users to trade CFDs on all popular markets like stocks, commodities, cryptocurrencies, forex and indices. At the time of writing, it has listed all the popular cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin and Monero. To get the full list of instruments supported by Trading 212, check out their check out their website.

User Friendliness

The CFD trading platform offers a lot of customization option for its users not only on its features but also on its appearance. For example, users can select dark mode to view the trading screen in black colour, which will help to reduce irritation on their eyes.

On clicking the ‘i’ icon for an instrument, users can get full details including the minimum trade quantity, spread fee, margin, leverage and swap fee. It allows users to create multiple watch lists to quickly get price changes for their favorite assets.

For mobile-savvy customers, Trading 212 offers both iOS/Android apps to trade on the go.

Trading 212 CFD Trading Account

In order to create a trading account with Trading 212, you need to spend at least 5-10 minutes, as it expects you to provide not only personal information but also to answer questions to test your trading skills. It allows users to switch between Real/Practice account and provides an option to reset the password, in case it is forgotten.

How to Sign up on Trading 212

Follow the below steps to create your account on Trading 212:

1. Navigate to their site and click Open an Account.
2. Select ‘Real Money’ or ‘Practice’.
3. Select your country of residence and click ‘Next’.
4. Enter your full name, phone number and click ‘Next’.
5. Enter your residential address and click ‘Next’.
6. Select the country where you pay taxes and click ‘Next’.
7. Enter your Tax ID and click ‘Next’.
8. Select the currency for your account and click ‘Next’.
9. Follow the instructions to answer questions related to your trading knowledge.
10. Finally, enter your email address, password and click ‘Create Account’.

Now, you have successfully created your account on Trading 212 and you will be redirected to your account dashboard.

How to Log in on Trading 212

To log in to your account, follow the below steps:

1. Navigate to their site and click LOG IN.
2. Enter your email address, password and click LOG IN.

After logging in to your account, you can deposit funds to start trading CFDs on Trading 212.

Verification Requirements

While creating an account on Trading 212, users need to provide a lot of information including their email, phone number, residential address and tax ID. Furthermore, they must verify their identity by submitting a passport and utility bill or a bank statement issued in the last 3 months in their name. Only then, users will be able to deposit or withdraw funds on the trading platform.

How to Buy or Sell Bitcoin CFDs with Trading 212

Follow the next steps to buy/sell Bitcoin CFDs on the Trading212 trading platform. Before starting to place your order, make sure that you have deposited funds in your account.

How to Deposit Funds on Trading 212

The below steps will show you how to deposit funds into your account. The minimum amount of deposit is 29 USD or equivalent (once). Refer to the Platform Fees & Limits section to learn more information about deposit fees and limits.

1. Log in to your account and click  Deposit Funds.
2. Enter your account password and click Next Step.
3. Select your payment method and enter the deposit amount.
4. Follow the on-screen instructions and fill all required fields to deposit funds.

For credit or debit cards,  funds will be credited to your account within 10-15 minutes. However, it might take 2-3 business days, if you are transferring the money via wire/bank transfer.

Now, let’s see how one can buy Bitcoin CFDs on Trading 212:

1. Log in to your account and select Cryptos on the left.
2. Select the crypto CFD you would like to buy.
3. Click square+ icon to open detailed trade box screen.
4. Follow the on-screen instructions to fill out all required fields such as order type and number of units to place your order.

Once you had placed the order, you can check its status under OPEN POSITIONS.

Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How to Cash Out on Trading 212

For security reasons, Trading 212 highly recommends its users to withdraw funds to the original deposit method. In case you had used multiple payment options to fund your account, then your money will be refunded to your credit or debit card. The trading platform doesn’t charge any fees or commissions for withdrawals. However, a transfer fee might be applicable for withdrawals made via bank transfer.

Follow the below steps to place your withdrawal request.

1. Log in to your account and click the down arrow near your username.
2. Click WITHDRAW FUNDS.
3. Select your original deposit method and enter the withdrawal amount.
4. Follow the on-screen instructions to place your request.

Depending on the payment method, it might take an hour or 2-3 business days (for wire transfer) to receive funds on your account.

Supported Cryptocurrencies

At the time of writing, Trading 212 supports the following cryptocurrency CFDs:

• Bitcoin (BTC)
• Bitcoin 0.1
• Bitcoin Cash (BCH)
• Ethereum (ETH)
• Ethereum 0.1
• Ripple (XRP)
• Litecoin (LTC)
• Litecoin 0.1
• Dash (DASH)
• Dash 0.1
• Monero (XMR)
• Monero 0.1
• NEO (NEO)
• EOS (EOS)
• ETH/BTC
• Crypto 30

To get the full list of cryptocurrency CFDs supported by Trading 212, check out their website.

Supported Countries

Trading 212 accepts members from almost all countries worldwide.

Supported

The Top countries supported by Trading 212 are given below:

Trading 212 offers its services to almost all countries in EEA (European Economic Area) including Austria,  Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and United Kingdom.

Excluded

Trading 212 doesn’t accept residents of the United States & Belgium. Please note that this information was relevant at the time of writing, so it is good to confirm whether any updates have been made since then.