Can I Buy Bitcoin with Monese Bank?

You cannot use a Monese account to send funds directly to crypto exchanges in the UK that focus exclusively on crypto assets. Monese’s financial terms restrict transfers to crypto-only platforms such as Binance or Coinbase, in line with UK and EU anti-money laundering requirements.

That said, Monese users can still gain exposure to Bitcoin and other cryptocurrencies through regulated multi-asset investment platforms. These brokers are licensed to facilitate crypto trading alongside equities, ETFs, and commodities, allowing Monese transfers for account funding.

Always check that the broker is licensed in your country, and take into account foreign exchange conversion fees when funding from a non-EUR/GBP Monese account.

How to Buy Crypto with Monese Bank

After testing, we found eToro to be one of the few regulated brokers compatible with Monese transfers, offering access to more than 6,000 tradable assets, including Bitcoin (BTC), stocks, and ETFs.

Because eToro operates as a licensed multi-asset investment platform, it can accept deposits from Monese accounts through SEPA, Faster Payments, and card transactions. This makes it one of the most practical ways for Monese customers to gain exposure to crypto markets.

Follow these steps to buy Bitcoin with Monese:

1. Create an eToro Account: Sign up on eToro and complete the KYC verification required for financial compliance.
2. Deposit Using Monese: Send funds from your Monese account through a SEPA bank transfer or use your Monese debit card if card payments are supported in your country.
3. Select a Cryptocurrency: Browse the available markets and pick Bitcoin, Ethereum, or any of the supported crypto assets.
4. Execute Your Trade: Enter the amount you wish to buy, confirm the transaction, and your crypto will appear in your eToro portfolio immediately.

Fees and Deposit Limits for Monese Users

When using Monese to fund your eToro account, it’s worth understanding how deposits, withdrawals, and trading costs are applied. Monese makes transfers simple, though exchange rate conversions and card fees can affect your final investment amount.

Deposits

• Bank Transfers: eToro supports SEPA and Faster Payments from Monese accounts. These deposits are generally free of charge, with a minimum deposit of $10 in most countries.
• Monese Debit Card: You can use your Monese Mastercard to deposit funds directly on eToro. Card deposits may include small FX or processing fees, depending on your base currency and location.
• Currency Conversion: Since eToro operates in USD, funding from Monese accounts in EUR or GBP will trigger a conversion fee, usually between 0.5% and 0.75%, which is in line with standard rates across brokers.

Withdrawals

• eToro Withdrawal Fee: eToro applies a flat $5 withdrawal fee for all users.
• Receiving Funds to Monese: You can withdraw in USD, EUR, or GBP directly to your Monese account, which helps reduce currency exchange costs.
• International Transfers: If using SWIFT outside Europe, intermediary bank fees might apply, so local transfer options are preferable.

Deposit Limits

• The minimum initial deposit on eToro is $50, though it may be lower in certain countries.
• Daily and monthly limits on eToro are generous and support both casual investors and active traders.
• Monese applies its standard transfer thresholds, meaning there are no separate deposit restrictions when funding your eToro account.

Trading Fees

• Cryptocurrency Trades: eToro applies spreads from around 1% on crypto assets with no additional commission.
• Stocks & ETFs: These trade commission-free, though FX fees apply if the traded asset is denominated in another currency.

For Monese customers, eToro remains one of the most cost-effective and compliant platforms to access Bitcoin, Ethereum, Solana, and over 6,000 financial instruments across global markets. Always verify that the platform is licensed in your jurisdiction and review currency conversion charges before making your first deposit.

Best Alternative Exchanges for Monese Users

While eToro is the most dependable platform for Monese deposits, several other FCA-regulated brokers also support Monese funding methods:

• Bitpanda: Austria-based and fully licensed in Europe. Accepts SEPA, debit/credit cards, Skrill, and Neteller. Offers 200+ cryptocurrencies and 3,000+ stocks and ETFs with fees around 1.49%.
• Uphold: UK-licensed broker with 10M+ users and 300+ crypto assets, plus fiat and precious metals. Accepts SEPA and card deposits and offers real-time proof-of-reserves. Spreads typically range from 0.2% to 2.95%.

Monese customers should compare supported deposit methods, FX conversion costs, trading fees, and available assets before deciding where to invest. Choosing a regulated and transparent broker helps ensure that funds remain protected under Europe’s financial standards.

About Monese

Monese is a UK-based fintech provider operating as an e-money institution regulated by the FCA. It offers mobile-first, multicurrency current accounts (GBP, EUR, RON) with instant setup, aimed especially at expatriates, remote workers, and people who struggle to open traditional bank accounts.

As a digital wallet service, Monese supports domestic and international transfers, and issues prepaid debit cards, but it does not operate as a full bank. Its core differentiators include rapid onboarding (no proof of local address required), borderless access across many European markets, and a focus on financial inclusion for underserved users.

Final Thoughts

Monese provides an accessible bridge between digital banking and regulated investing, allowing users to fund trusted platforms like eToro or Uphold for crypto trading. While it restricts direct payments to crypto-only exchanges, Monese’s support for SEPA, Faster Payments, and card deposits makes it a convenient option for compliant investing. 

Always verify platform licensing, consider conversion fees, and secure your crypto in a private wallet for long-term protection.