- 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
Amazing
Has good options for building funds
Comprehensive
Saxo offers something for everyone. Their platforms are easy to use, give you plenty of data and some great knowledge resources. They make investing straightforward and as not-scary as possible
Sleek
Broad access to markets and asset classes, useful toolkit and low fx exchange fees when trading international shares regularly
After IB experience it is like day and night bad
My german bank decided to discontinue doing business with me as I am resident in the UAE and I want to transfer the commerzbank account to Saxo so that it is EU regulations. transfer took 8 weeks and multiple calls, account opening takes similarly very time consuming and several problems moreover the platform offers much less ETFs and bonds to compare to IB and prices are higher.
Four Stars
Very efficient trading in world wide Shares, Funds and ETF's
More compelted platfomr but more...
More compelted platfomr but more asset/ivestment options
4/5
Good experience so far
Good experience so far
Sound
Sound
Easy to trade with provision...
Easy to trade with provision for options with stops and security features
Basic trading platform, with a...
Basic trading platform, with a wide range of stocks.
No comment
No comment
Easy to use with excellent...
Easy to use with excellent pricing and range of equities across multiple markets
2/5
3/5
I find the website difficult...
I find the website difficult manage and customer service substandard.
x
x
too big
too big
no thoughts
no thoughts
uk
uk
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.
