Making Your first cryptocurrency purchase with IG
| Don't invest in cryptoassets unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more about the risks involved here: https://www.ig.com/uk/crypto-risks [Approved by Archax 16/05/2025] |
Important: We are aware of an issue where iOS users may be unable to view the individual crypto assets in their portfolio. This is a known display issue only — client assets remain secure and unaffected. A resolution has been submitted to the App Store and will be deployed once approved. Please check for updates and install the latest version of the app to resolve the issue once available. |
How do I confirm my transaction?
Before finalising your purchase, carefully review all transaction details, including the asset being purchased, quantity, price, and any applicable fees. Only proceed when you're confident all details are correct.
How do I view my holdings?
Once your digital asset purchase is complete, you can access your crypto portfolio through the My IG Dashboard. This provides an overview of all your cryptocurrency holdings. The platform enables real-time tracking of price movements and overall asset performance.
How do I manage my positions?
Initially, your purchased assets can be held indefinitely in your wallet or can be sold back to fiat currency when desired.
Important: Cryptocurrency assets may lose all value if market participants stop exchanging them.
What technical considerations should I understand?
- Public ledger: Transactions are recorded on a public ledger and determine when a transaction is complete
- Decentralised ownership: Ownership links cryptocurrency to unique addresses defined by public cryptographic keys
- Private key security: Anyone with your private keys can transfer your assets
- Irreversible transactions: Transfers cannot be cancelled or reversed
- Limited platform visibility: When purchasing goods with crypto, the platform cannot control delivery or quality
- Limited recovery options: Fraudulent or accidental transactions may not be recoverable
- Protocol vulnerabilities: Blockchain protocols may contain undiscovered bugs
- Network congestion: High volumes can lead to delays and increased fees
Remember to take your time understanding these concepts before making your first purchase.
Cryptocurrency investing carries significant risks that must be carefully weighed against potential returns.
Before making your first purchase, it's essential to understand both the process and the associated risks.
