- Experts commend Saxo Cryptocurrency Investing for providing regulated access to cryptocurrency through Exchange-Traded Notes (ETNs), allowing UK retail clients to invest in Bitcoin and Ethereum within ISAs and SIPPs. They highlight competitive pricing with no crypto markup, though there is a minimum trade fee and a lack of altcoin options. The platform is noted for its excellent multi-asset integration and responsive customer service, making it suitable for serious investors seeking a compliant route into crypto markets.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently praise the platform's user-friendly interface, extensive market access, and professional customer service. Many appreciate the competitive pricing and comprehensive educational resources available. However, some users express frustration with issues related to account registration and funding from non-resident countries, indicating a need for improvements in these areas.
Saxo Cryptocurrency Investing Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Saxo Cryptocurrency Investing across five key areas of our review framework.
- Pricing4.0
- Market Access3.0
- App & Platform5.0
- Customer Service4.5
- Research & Analysis4.5
Pros
- Regulated crypto market access
- Available in ISA & SIPP
- Institutional-grade ETN issuers
Cons
- No direct coin ownership
- Limited to Bitcoin, Ethereum
- No FSCS protection on crypto
See full expert review
Our verdict
Saxo’s crypto ETNs give UK investors a credible, FCA-compliant route into crypto markets, finally combining regulatory oversight, professional execution, and tax efficiency. It’s not for speculators chasing the next meme coin, but for investors who want crypto exposure within a diversified, responsible portfolio, Saxo’s approach is one of the most trustworthy options currently available in the UK.
Is crypto investing any good on Saxo?
Saxo has opened the door to cryptocurrency investing for UK retail clients through a curated selection of regulated Exchange-Traded Notes (ETNs) on Bitcoin and Ethereum, available in ISAs and SIPPs.
Pricing: Competitive standard share-dealing costs with no crypto markup, but charges a min of £8 per trade with a 0.12% account fee.
Market Access: A good range of Bitcoin and Ethereum ETNs that can be traded on the stock market, but lacks altcoins and other major cryptocurrencies for now
Platforms & Apps: SaxoTraderGO and SaxoInvestor offer excellent multi-asset integration for advanced traders, there is a simpler version for beginners.
Customer Service: Responsive UK support and detailed educational content, active and HNW investors get account executives.
Research & Analysis: Frequent market insights and institutional commentary from analysts like Neil Wilson
What Saxo’s crypto service does and who it’s for
Saxo, one of the most established multi-asset trading and investing platforms, is now allowing UK retail clients to gain crypto exposure via Exchange-Traded Notes (ETNs).
After a four-year FCA ban on listed crypto products, Saxo’s move marks a major shift — offering a regulated way for retail investors to add Bitcoin and Ethereum exposure to their portfolios without holding the assets directly.
Unlike unregulated crypto exchanges, Saxo’s offering sits within its existing share dealing infrastructure. That means investors can buy and sell crypto ETNs alongside shares, ETFs, and bonds in their General Investment Accounts, Stocks & Shares ISAs, or SIPPs — provided they pass an appropriateness test confirming they understand the risks.
This makes it ideal for investors who want professional-grade access to crypto assets, combined with the security, reporting, and tax efficiency of a mainstream investment platform.
What are crypto ETNs on Saxo?
Saxo’s crypto rollout stands out for its regulated access and institutional-quality execution. By offering ETNs from trusted issuers such as 21Shares, Bitwise, CoinShares, Fidelity, Invesco, and WisdomTree, Saxo provides a higher level of product transparency and governance than most retail crypto exchanges.
These ETNs track the price of Bitcoin or Ethereum, including some staking variants, and are listed on major European exchanges. That means pricing, custody, and liquidity are overseen by regulated market operators rather than opaque offshore entities.
Investors should note that crypto ETNs still carry significant risk, including issuer credit risk and crypto market volatility, and are not covered by the Financial Services Compensation Scheme (FSCS). However, the move to allow crypto inside ISAs and SIPPs gives UK investors their first chance at tax-efficient crypto exposure in years.
While Saxo’s offering doesn’t yet include spot crypto trading, wallets, or altcoins, it provides a serious, compliant, and well-managed route to the sector — something most other retail brokers still lack.
Customer reviews for Saxo
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 137 reviews
- Excellent54%
- Very good19%
- Basic18%
- Poor7%
- Bad2%
Read customer reviews
Easy
Broad range of securities
Slick
Strong platform
A delight. Exactly what investing should feel like.
Really slick interface, by far the best on the street. Great investing choices.
Inviting
Easy to navigate web pages.
Complete account information available.
International shares.
Trustworthy
Performs as it should and when it should.
trust
very low fees, excellent range of assets, great app, excellent service
Sophisticated
They deliver a professional, sophisticated and reliable experience proving global reach, depth and quality tools for both the experienced investor/trader and beginners on their investing journey. They are top tier powerhouse, but the part I value the most is their London team! They are outstanding.
Comprehensive
Intuitive platform, multi-asset, ease of use
Straightforward
Its interface is easy to use and works reliably. Large choice of shares and ETFs
Smart
Execution
All in one place.
Very broad range of instruments.
Broad
Competitive pricing, broad spectrum of assets to trade and invest. Good mobile app easy to use. I use their ISA account for trading etf and individual stocks.
Professional
Platform technology and pricing
User Friendly
User friendly system, with expansive investment options.
Simple extensive
24 hour access
Excellent
Simple, clear look and easy to use. ISA account and secured funds.
Empowering
Portfolio management is effortless with Saxo. I can see exactly what net returns are for each asset, currency exposure at the account level, and I’ve got all the tools I need to hedge risk I don’t want, whilst managing trades I do want. Reporting is simple, and the excel export on almost every module is a godsend. I run a multi-asset portfolio for myself, and it’s like dealing with an investment bank. Very few assets are off limits.
It works - magnificently
Everything
Trustworthy
Provide regular educational webinars to keep investors knowledgable about investing
Excellent
Provide excellent service
Saxo, one of the most established multi-asset trading and investing platforms, is now allowing UK retail clients to gain crypto exposure via Exchange-Traded Notes (ETNs).
After a four-year FCA ban on listed crypto products, Saxo’s move marks a major shift, offering a regulated way for retail investors to add Bitcoin and Ethereum exposure to their portfolios without holding the assets directly from 8 October.
Unlike unregulated crypto exchanges, Saxo’s offering sits within its existing share dealing infrastructure. That means investors can buy and sell crypto ETNs alongside shares, ETFs, and bonds in their General Investment Accounts, Stocks & Shares ISAs, or SIPPs, provided they pass an appropriateness test confirming they understand the risks.
This makes it ideal for investors who want professional-grade access to crypto assets, combined with the security, reporting, and tax efficiency of a mainstream investment platform.
Is Saxo good for cryptocurrency investing?
What ETNs can you trade on Saxo?
At the moment, you can trade 17 crypto ETNs on Saxo that cover Bitcoin and Ether:
| Product name | Issuer | ISIN | Underlying |
| 21Shares Ethereum Staking ETP (AETH) | 21Shares AG | CH0454664027 | ETH |
| 21Shares Bitcoin Core ETP (CBTC) | 21Shares AG | CH1199067674 | BTC |
| 21Shares Ethereum Core Staking ETP (ETHC) | 21Shares AG | CH1209763130 | ETH |
| 21Shares Bitcoin ETP (ABTC) | 21Shares AG | CH0454664001 | BTC |
| Bitwise Physical Bitcoin ETP (BTCE) | Bitwise Europe GmbH | DE000A27Z304 | BTC |
| Bitwise Core Bitcoin ETP (BTC1) | Bitwise Europe GmbH | DE000A4AER62 | BTC |
| Bitwise Physical Ethereum ETP (ZETH) | Bitwise Europe GmbH | DE000A3GMKD7 | ETH |
| Bitwise Ethereum Staking ETP (ET32) | Bitwise Europe GmbH | DE000A3G90G9 | ETH |
| CoinShares Physical Bitcoin ETP (BITC) | CoinShares Digital Securities Ltd | GB00BLD4ZL17 | BTC |
| CoinShares Physical Staked Ethereum ETP (CETH) | CoinShares Digital Securities Ltd | GB00BLD4ZM24 | ETH |
| Global X Bitcoin ETP (BTCX) | Global X Digital Assets Issuer Ltd | GB00BLBDZV05 | BTC |
| Global X Ethereum ETP (ETHX) | Global X Digital Assets Issuer Ltd | GB00BLBDZW12 | ETH |
| WisdomTree Physical Bitcoin (BTCW) | WisdomTree Issuer X Ltd | GB00BJYDH287 | BTC |
| WisdomTree Physical Ethereum (ETHW) | WisdomTree Issuer X Ltd | GB00BJYDH394 | ETH |
| Invesco Physical Bitcoin ETP (BTIC) | Invesco Digital Markets Plc | XS2376095068 | BTC |
| Fidelity Physical Bitcoin ETP (FBTC) | Fidelity Exchange Traded Products GmbH | XS2434891219 | BTC |
| 1Valour Ethereum Physical Staking ETP (1VET) | Valour Digital Securities Ltd | GB00BRBMZ190 | ETH |
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
