Can I buy Crypto or Bitcoin with Pearler?
The Pearler investment app does not allow its customers the ability to invest in Bitcoin, Ethereum, and other cryptocurrencies directly on its platform. The only way you can get exposure to digital assets with Pearler is through Crypto-related stocks and ETFs like the Vanguard Crypto ETF. That said, buying stock or ETF exposure to digital assets has typically underperformed buying the underlying assets.
This is why we recommend signing up to an Australian cryptocurrency exchange to buy cryptocurrencies instead of getting inferior exposure through Pearler. The best and most secure way to invest in cryptocurrencies is through the CoinSpot exchange. If you are interested in learning more about CoinSpot and its features, assets, fees and security, you can visit our CoinSpot Review.
How to buy Crypto with a Pearler Alternative
The easiest way to buy cryptocurrencies like Etheruem and Bitcoin in Australia is with through a trusted AUSTRAC-regulated trading platform like CoinSpot. On CoinSpot, users can deposit AUD via PayID, POLi, BPAY, Osko, Bank Transfer, Credit/Debit Card and cash. Follow the below steps to purchase cryptocurrencies.
- Sign Up: Create an account on the CoinSpot platform and verify your identity.
- Deposit AUD: Click 'Deposit Funds', pick a method and send funds to CoinSpot.
- Find Crypto: Go to the 'Markets' tab and select the 'ETH/AUS' market.
- Buy Ethereum: Input the AUD amount you want to invest and tap 'Buy Ethereum'.
What is Pearler?
Pearler is an online investment platform that offers a simple and convenient way to invest in a range of assets, including shares, managed funds, exchange-traded funds (ETFs), and more. Pearler was founded in 2016 by a team of experienced financial professionals who saw the need for a better way to invest. They aim to make investing easy and accessible for everyone, regardless of experience or investment knowledge.
Will Pearler offer Crypto in the Future?
Pearler has not announced any plans to support cryptocurrency trading or crypto wallets on their platform anytime soon. Their founding team believes that users can get sufficient exposure to the asset class through the traditional investment vehicles found on their trading app.
Pearler is a great platform for investors looking to invest in stocks and ETFs with ease. However, if you're interested in directly investing in digital assets, you'll need to look elsewhere. The best way to buy cryptocurrencies in Australia is through CoinSpot, a trusted and AUSTRAC-regulated crypto exchange platform. On CoinSpot you can buy Bitcoin, Ethereum and 370 other digital assets with AUD and store them in a secure wallet.