Can you buy meme coins on trading 212 is a question many new investors ask when looking to enter the vibrant cryptocurrency market. This platform is well-known for stocks and etfs, but does it support the meme coins making waves? This article will answer that question in detail and guide you through the process.
What is trading 212?
Before we can answer the main question, “can you buy meme coins on trading 212,” we need to understand the platform itself. Trading 212 is a London-based financial technology (fintech) company that provides brokerage services for trading stocks, etfs (exchange-traded funds), and contracts for difference (cfds). The platform is known for its user-friendly interface and zero-commission policy, which has attracted a large number of retail investors, particularly in Europe.
Simplicity and convenience are the biggest strengths of Trading 212, allowing users to manage various types of investment assets within a single application.
Can you buy meme coins on trading 212? The direct answer
The answer is yes, but with certain limitations.
Trading 212 is not a dedicated cryptocurrency exchange. Therefore, its portfolio of listed cryptocurrencies is quite limited compared to major crypto-specific platforms. However, they have recognized the immense appeal of the meme coin market and have added some of the most prominent names to meet user demand.
So, while the definitive answer to can you buy meme coins on trading 212 is yes, you will likely only find the most popular, large-cap meme coins and will struggle to find newly launched or smaller-cap coins on the platform.
Which meme coins are available on trading 212?
The list of available assets can change based on the platform’s policies and market regulations. However, at the time of writing, you can usually find top-tier meme coins such as:
Dogecoin (DOGE): The pioneering meme coin with the largest and most robust community. Buying Dogecoin on Trading 212 is straightforward and a popular choice for beginners.
Shiba inu (SHIB): Known as the “Dogecoin killer,” Shiba inu is also one of the top meme coins by market capitalization and is frequently available on major trading platforms, including Trading 212.
For those specifically asking can you buy meme coins on trading 212 with these two in mind, the answer is almost always yes. Occasionally, Trading 212 may list other meme coins if they meet their criteria for trading volume, market cap, and community interest. You should always check the app directly for the most accurate information.
A step-by-step guide to buying meme coins on trading 212
The process of buying meme coins on this platform is very intuitive. If you’ve confirmed your asset is available, here’s how to answer can you buy meme coins on trading 212 in practice:
- Create and verify your account: If you don’t have an account yet, download the Trading 212 app and complete the registration process. You will need to provide personal information and necessary documents for identity verification (kyc).
- Deposit funds: Once your account is approved, you need to deposit funds. Trading 212 supports various funding methods, such as bank transfers, credit/debit cards, or other digital wallets.
- Search for the meme coin: In the app’s search bar, type the ticker symbol of the meme coin you want to buy (e.g., “DOGE” for Dogecoin or “SHIB” for Shiba inu).
- Place a buy order: Click on the search result. You will see the order interface. Select “buy” and enter the number of coins or the amount of money you want to invest. You can choose different order types, such as a market order to buy instantly at the current price, or a limit order to buy at a specific price you set.
- Confirm the transaction: Review your order details one more time to ensure everything is correct, then confirm the transaction. The meme coin will be added to your investment portfolio shortly after.
Pros and cons of buying meme coins on trading 212
Pros:
- Easy to use: The interface is very beginner-friendly, unlike some complex professional crypto exchanges.
- All-in-one platform: You can manage stocks, etfs, and some meme coins all in one place.
- Regulated: Trading 212 is a licensed and regulated platform, which provides a sense of security for many investors.
- Low fees: The zero-commission policy is a major advantage.
Cons:
- Limited selection: This is the biggest drawback for anyone asking can you buy meme coins on trading 212. You won’t find new or emerging meme coins.
- No ownership of private keys: When you buy crypto on Trading 212, you own the asset on their platform but do not actually hold it in a personal wallet. This means you cannot transfer your coins to an external wallet for storage or to participate in defi activities. This is a significant minus for those who believe “not your keys, not your coins.”
So, should you buy meme coins on trading 212?
Ultimately, the decision goes beyond just can you buy meme coins on trading 212. It’s about whether you should.
You should: If you are a beginner, already familiar with the Trading 212 interface, and only want to invest in major meme coins like Dogecoin or Shiba inu as a small part of your diversified portfolio.
You shouldn’t: If you are a dedicated crypto trader, want to find “hidden gems” in the meme coin world, or highly value self-custody and full control over your private keys. In this case, a dedicated cryptocurrency exchange would be a more suitable choice. For these users, the limitations might mean the answer to can you buy meme coins on trading 212 is a practical “no.”
In conclusion, the answer to can you buy meme coins on trading 212 is yes for major coins, making it a viable option for beginners. Just be aware of the platform’s limitations regarding selection and custody. For more news and deep dives into the meme coin world, be sure to follow Mevx Trader.
