Don’t invest 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 mins to learn more.

Summary: Metro Bank does not currently provide a direct option for cryptocurrency investments through its online services. However, customers can still participate in this growing asset class by using FCA-regulated exchanges to purchase and trade digital currencies like Bitcoin and Ethereum.

eToro is the best option as it facilitates GBP deposits from Metro Bank accounts and cards through several local payment methods. It supports over 4,500 cryptocurrencies, commodities, ETFs, and stocks, making it a versatile choice for diversifying investment portfolios.

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Top Platform for Metro Bank
5.0 out of 5.0 by Datawallet

eToro is the best platform for Metro Bank customers due to its FCA registration, quick and affordable GBP transfer options, wide range of investment assets and diverse trading experience in compliance with UK laws.

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Licensing & Regulation

Financial Conduct Authority (FCA) in the UK.

Available Assets

80+ Cryptos and 4,500 other assets.

GBP Deposit Methods

Bank Transfer, Faster Payments, Debit Card and more.

Don’t invest 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 mins to learn more.

Can I Buy Bitcoin with Metro Bank?

Yes, Metro Bank customers can purchase Bitcoin and digital assets through British crypto exchanges. While the bank does not provide direct trading services, it permits customers to transfer funds to investment platforms regulated by the Financial Conduct Authority (FCA). Clients can deposit GBP using bank transfers, BACS, Faster Payments, or debit cards, making the sign-up process simple.

How to Buy Crypto with Metro Bank

‍Metro Bank customers interested in investing in digital currencies should use eToro, a platform that complies with FCA regulations and offers an easy registration process. It provides access to over 4,500 assets, including cryptocurrencies, stocks, commodities, and ETFs. It supports multiple GBP deposit methods, such as bank transfers, Faster Payments, and debit cards.

To start investing in crypto with Metro Bank, follow these steps:

  1. Account Setup: Start by creating an account on eToro. Complete the required verification steps to ensure security and compliance.
  2. Funding Account: Navigate to the 'Deposit' section, located in the lower-left corner. Use this interface to fund your account.
  3. Selecting Currency: Choose 'GBP' as your transaction currency and select a payment method that links to your Metro Bank account.
  4. Crypto Investment: Once your deposit is successful, use the search tool to find and invest in your preferred cryptocurrency.

What are the Fees?

When investing in cryptocurrencies through an exchange, one should consider the various fees associated with these transactions. These fees can include charges for depositing money, executing trades, and withdrawing funds. Trading fees on most platforms range from 1% to 2%.

For Metro Bank customers, eToro is an affordable choice. Its trading fees start at a competitive rate of 1%, much lower than platforms like Coinbase, which charge around 2%. Additionally, eToro offers free GBP deposit options through Faster Payments and bank transfers, helping to keep overall costs low.

Is Metro Bank Crypto-Friendly?

Yes, Metro Bank supports cryptocurrency transactions with measures in place to ensure customer security. The bank allows fund transfers to exchanges regulated by the Financial Conduct Authority (FCA), enabling users to invest in digital assets while complying with strict regulations.

The bank does not impose specific limits on the amount you can spend on cryptocurrency purchases through debit cards, bank transfers, or Faster Payments. However, like many other banks, it does not permit crypto purchases using credit cards, and transactions being made with a Metro credit card may be blocked.

About Metro Bank

Metro Bank, established in 2010, is a UK-based retail and commercial bank known for its customer service and innovative banking. Key products include the Metro Bank Current Account, Metro Bank Cash Account, and Metro Bank Credit Card. The bank offers seven-day branch banking, instant account opening, and online services, ensuring convenience and accessibility for its customers.

Bottom Line

In conclusion, Metro Bank does not offer direct cryptocurrency investments, but customers can invest in digital currencies through FCA-regulated exchanges such as eToro. It provides a user-friendly interface, various GBP deposit methods, and access to more than 4,500 assets. With the bank's support for secure fund transfers to platforms, customers can begin their crypto investment journey.