Can I Buy Bitcoin with Standard Chartered?

Yes, although Standard Chartered doesn’t provide direct crypto trading services, users can still purchase Bitcoin by transferring funds to regulated digital asset exchanges in Asia, USA, Europe and the UK. Choosing a platform that adheres to the financial regulations of your country is recommended to ensure national compliance and security. 

How to Buy Crypto with Standard Chartered

Standard Chartered clients can purchase cryptocurrencies through regulated platforms that accept deposits in their native currency. Bybit is a great choice as it is regulated and available in 160 countries and supports deposits in 65 fiat currencies. It supports over 1,300 digital currencies to trade on spot and derivatives markets with up to 100x leverage.

Follow this guide to start your crypto investment journey with Standard Chartered:

1. Register: Visit the Bybit website and create a new account. Complete the registration by providing the necessary information and verifying your identity.
2. Select Payment Method: Once your account is verified, go to the 'Buy Crypto' section. Choose your deposit currency and select Standard Chartered as your payment method.
3. Choose Your Crypto: Explore the platform to select the asset you wish to purchase.‍
4. Execute Trade: Enter the amount you want to invest, review your order details, and finalize the transaction to acquire your chosen digital asset.

What are the Fees?

When converting traditional currencies like USD, EUR, HKD, SGD or GBP to cryptocurrencies on an exchange, you will encounter various fees, including those for deposits, withdrawals, and buying or selling assets. Typically, trading fees on platforms range between 1% and 2%.

For Standard Chartered customers, Bybit offers a competitive fee structure that makes it a strong choice. Bybit charges just 0.1% for spot trading, with even lower rates for futures trading, 0.02% for makers and 0.06% for takers. Additionally, Bybit does not impose any fees for deposits made through SEPA transfers or other methods supported by Standard Chartered.

Is Standard Chartered Crypto-Friendly?

Yes, Standard Chartered is supportive of cryptocurrency investments. While it doesn’t offer direct crypto trading, it facilitates transfers to regulated exchanges, making it easy for customers to invest in digital assets. 

The bank partners with platforms like Circle, the issuer of USD Coin (USDC), to integrate blockchain technology into its services. This partnership ensures secure and compliant transactions between traditional currencies and digital assets, positioning Standard Chartered as a progressive bank.

About Standard Chartered

Standard Chartered is a leading international banking group with a strong presence in Asia, Africa, and the Middle East. Known for its extensive range of financial services, the bank offers personal and corporate banking, wealth management, and investment solutions. With a history dating back to 1853, the bank has built a reputation for providing innovative financial products tailored to diverse markets.

Bottom Line

In conclusion, Standard Chartered provides a supportive environment for customers looking to invest in cryptocurrencies, even though it does not offer direct crypto trading services. By partnering with regulated platforms like Bybit, which offers competitive fees and access to a wide range of 1,300 digital assets for spot, futures and options trading.