Secure Crypto Purchases With Nutmeg

Mike Harry
Feb 2023
3 min to read
Fact checked

Summary: Customers of Nutgmeg who wish to buy cryptocurrencies like Bitcoin have to use regulated exchanges like eToro and Uphold. While you can't buy crypto directly through Nutmeg, you can deposit funds by connecting your bank account or debit/credit card. We recommend using eToro and Uphold as these are regulated and beginner-friendly exchanges that are easy to get started with. You can get started right away by signing up and making your first deposit via bank deposit or with your credit/debit card. Investing in crypto just got a whole lot simpler and safer!

eToro

+80 Cryptos & Copy Trading

Virtual Demo Portfolio

Fast & Cheap Deposits

FinCEN & FINRA Regulated

Visit eToro
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal.
Uphold

+250 Cryptos & Staking

Fast & Cheap Deposits

100% Proof Of Reserves

Regulated in the US, EU & UK

Visit Uphold
Crypto assets are high risk and not regulated.
Capital at risk.

Can I buy crypto or Bitcoin with Nutmeg? 

Nope, but you can transfer funds via bank or card transfer to a third-party exchange. There are many exchanges to choose from, we recommend using Uphold and eToro as they are both FCA-regulated, offer a wide variety of cryptos, and are easy to use.  

How to buy crypto and Bitcoin with Nutmeg

Step one is signing up for a cryptocurrency exchange. Once done you can do a GBP bank or card deposit which usually arrives within one business day. Once your funds have arrived you can buy Bitcoin (BTC), Ethereum (ETH), Solana (SOL) or any other cryptocurrency that you are bullish on. 

Signup in two minutes

1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your Nutmeg account or credit/debit card
3. Start Buying:
Once your deposit has arrived in your account

Buy Crypto with Nutmeg and eToro
Buy Crypto with Nutmeg and eToro

Nutmeg cryptocurrency

What is Nutmeg's position on crypto? Let's find out.

1. Is Nutmeg crypto friendly? 

At the time of writing Nutmeg does not offer any way for their clients to gain exposure to the cryptocurrency market.

2. Is Nutmeg a trading platform? 

Nutmeg makes makes investment decisions on behalf of its customers and is not a trading platform where you can buy and sell cryptocurrencies.

3. What is Nutmegs crypto policy?

At the time of writing, Nutmeg does not offer any way to invest in cryptocurrencies. Nutmeg has expressed its thinking regarding cryptocurrencies like Bitcoin in the following way:

"Bitcoin and cryptocurrency remain an intriguing space. Bitcoin’s extreme price volatility continues to make it attractive to short-term investors who can afford to tolerate extremely elevated levels of risk. At the heart of Nutmeg’s investment position on cryptocurrency is whether the current crop of coins can achieve the aim of providing a viable alternative to fiat money. This article has endeavoured to show that is by no means clear."

Nutmeg Investment

Nutmeg Website
Nutmeg Website

Nutmeg was founded in 2011 by Nick Hungerford and is today the largest digital wealth manager in the UK. The company is regulated by the Financial Conduct Authority but it's not a traditional platform to trade on. instead, the company makes investment decisions on behalf of its customers.

Nutmeg specialize in general investment accounts, stocks, share ISAs, and pensions and enables users to create, manage, and monitor their own portfolios of investments. Nutmeg Investing offers a wide range of investment options, including stocks, funds, exchange-traded funds (ETFs), bonds, and mutual funds. The platform also offers a range of pre-built portfolios tailored to different risk profiles

All of its portfolios have a flat management fee, regardless of the size of the portfolio. Nutmeg Investing is a good option for those who want to benefit from the expertise of an experienced team of professionals.

Nutmeg have 200,000 clients, a total of £4.5 billion in assets and was acquired by JP Morgan in 2021 for an undisclosed sum. At the time of writing, Nutmeg has a 3.8 Trustpilot rating with 1,300 reviews. 

eToro

+80 Cryptos & Copy Trading

Virtual Demo Portfolio

Fast & Cheap Deposits

FinCEN & FINRA Regulated

Visit eToro
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal.
Uphold

+250 Cryptos & Staking

Fast & Cheap Deposits

100% Proof Of Reserves

Regulated in the US, EU & UK

Visit Uphold
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

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