3

Fiat currencies

10

Cryptocurrencies

Details

Product Name Ziglu Cryptocurrency Exchange
Fiat Currencies GBP, EUR, USD
Cryptocurrencies BTC, ETH, LTC, BCH, XTZ, ADA, LINK, DOGE, DOT, SOL
Deposit Methods Credit card
Debit card
Apple Pay
Google Pay
Trading Fee 1.25% for buying or selling cryptocurrency
Deposit Fees No deposit fees
Withdrawal Fees No withdrawal fees
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Ziglu?

UK-based Ziglu is a platform enabling its account holders to hold and trade fiat currencies and cryptocurrencies. Users manage their accounts through a mobile app and have the option of a Mastercard debit card to spend their funds anywhere Mastercard is accepted.

Ziglu app screenshot showing option to order debit card

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: GBP, EUR, USD
  • Supported cryptocurrencies: Approximately 10 cryptocurrencies

Which payment methods are accepted?

  • Credit card
  • Debit card
  • Apple Pay
  • Google Pay
Go to Ziglu's website

Is Ziglu safe?

Ziglu was one of the first cryptoasset firms to be registered on the FCA’s Financial Services register – so it’s already doing better on the legitimacy front than most exchanges. It also has 5MLD registration (a legal anti-money laundering directive).

All the cryptoassets purchased through Ziglu are held pooled together in offline custody by Ziglu, on its customers’ behalf. And in the event that anything happens to Ziglu, there’s no FSCS protection (Financial Services Compensation Scheme) which would ordinarily pay compensation in the event that a financial firm went bust.

The company’s two rounds of crowdfunding on Seedrs both hit their initial targets within hours, which some might take as an endorsement.

To see your funds and action any trades, you’ll need to unlock your phone and then enter a passcode or use fingerprint recognition.

But no matter how safe Ziglu is, if you’re investing in cryptocurrencies, you’re playing in a hugely volatile space. You may well lose money.

Ziglu app screenshot showing an Ethereum trade in action

How do I open a Ziglu account?

  1. Install the app. You can text yourself a link from the Ziglu site or simply search it up in the App Store or Google Play.
  2. Enter your personal details. This is the standard stuff – you’ll need to give your name, D.o.B., email, mobile number, etc.
  3. Confirm your email address. You’ll receive an email from Ziglu almost instantly, and will need to click on the link it contains to confirm that that’s indeed your email account.
  4. Enter the code texted to you. You’ll then receive a text from Ziglu almost instantly, and will need to enter the code contains to confirm that that’s indeed your phone.
  5. Submit a photo of your ID. Ziglu will need to see the photo page of your passport or your UK driving licence.
  6. Submit a video of yourself. The app will now prompt you to record a short video, reading out three numbers it gives you.
  7. Wait for ID verification. This is the annoying part, which we can only presume involves a human checking the details you’ve supplied. In our road test, it took nearly a day for confirmation to come through.

Then you’re good to go! If you want to order the hot pink debit card, you’re now free to do so, and it should be with you within 2-3 days.

To start trading, you’ll need to first deposit funds, which must be from an account in your name. The good news is this is pretty much instant. In our road test, the bank was unable to check the Ziglu account details. Nonetheless, the transfer went through quickly and smoothly.

Pros and cons

Pros

  • FCA-registered and UK based
  • Clean and easy app interface
  • No deposit/withdrawal fee
  • No fee on overseas card use
  • Opportunity to earn stable coins with the Boost account

Cons

  • ID verification can take several hours
  • No FSCS protection
  • Limited number of currencies to invest in
  • You could find cheaper trading fees elsewhere
  • No option to hold your Ziglu-bought crypto in an external wallet (Ziglu holds it in custody for you – which might put off a purist)

Is Ziglu any good?

Ziglu’s legitimacy might appeal to more wary investors interested in dipping a toe into crypto. Seasoned crypto veterans are likely to be frustrated by the shortage of coins available to trade, and might value lower fees over a fantastic user experience.

Overall, it’s a slick, well-built platform with some interesting add-ons, and compared to many exchanges out there, it’s refreshingly upfront and transparent when it comes to costs.

Compare Ziglu against other exchanges

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinJar Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Faster Payments (FPS)
GBP, AUD

42
cryptocurrencies

CoinJar offers a simple way to buy, sell, or trade cryptocurrency with GBP. Trade from your desktop or mobile with a 1% fee and withdrawals are free to your bank account.
eToro Cryptocurrency Trading
Credit card, Debit card, Neteller, PayPal, Wire transfer, Online banking
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

31
cryptocurrencies

Cryptocurrency warning: Cryptoasset investing is unregulated in the UK. There’s no consumer protection. Your capital is at risk.
Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Ziglu Cryptocurrency Exchange
Credit card, Debit card, Apple Pay, Google Pay
GBP, EUR, USD

10
cryptocurrencies

Buy as little as £1 of cryptocurrency with a flat exchange fee of 1.25%. Ziglu is on the FCA's register of crypto-asset firms and also offers insurance for your crypto against cyber attacks.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill, Apple Pay
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

32
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, GBP

198
cryptocurrencies

Finder Exclusive: Sign up with code FINDER15 and get EUR 15 when you spend over EUR 100 each month. T&Cs apply.
Buy a large selection of cryptocurrencies instantly via credit card or bank account after registering. Store your crypto conveniently in Kriptomat's multi-currency wallet.
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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