How to Buy Crypto with Standard Chartered

Summary: Standard Chartered does not directly offer any products or services enabling its customers to purchase cryptocurrencies straight from their online banking app. As a result, investors need to find a credible crypto exchange that accepts deposits in their local currency via Standard Chartered Bank for buying and selling digital assets.

After examining more than 20 platforms, we've determined that Bybit stands as the top platform for buying crypto with Standard Chartered Bank. Bybit provides speedy and free deposits from Standard Chartered via bank transfer, debit cards, credit cards, and other methods. Once onboarded, users can trade and stake over 770 crypto assets with industry-leading fees & spreads.

Can I Buy Crypto on Standard Chartered Bank?

Yes, you can buy Bitcoin and other digital currencies using your Standard Chartered Bank account or cards. To do so, register with a regulated cryptocurrency exchange that accepts deposits via bank transfer in the bank's operating currency. As Standard Chartered doesn't directly handle crypto transactions, choose an exchange regulated by a financial authority like the UK's Financial Conduct Authority, or an equivalent regulator in your jurisdiction, for a secure investing experience.

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How to Buy Bitcoin and Crypto with Standard Chartered

The most secure way to purchase Bitcoin and other cryptocurrencies using a Standard Chartered Bank account is through a regulated exchange. This method allows users to safely deposit funds from their Standard Chartered Bank account or card. We suggest using Bybit, due to its Standard Chartered Bank compatibility, strict adherence to regulations, and wide variety of over 770 assets.

Here's a straightforward 4-step guide to begin:

1. Navigate to Bybit and register, ensuring you confirm your identity.
2. Locate and click on the 'Buy Crypto' button, typically at the top of your screen.
3. Choose your local currency and the cryptocurrency you desire to purchase, then select 'Bank Transfer' as your payment method.
4. Click 'Buy' and follow the steps to instantly finalise your transaction.

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Deposit and Trading Fees

The expenses related to buying cryptocurrency or digital assets via a Standard Chartered Bank transfer can vary based on the chosen exchange platform. Commonly, costs can encompass trading fees, blockchain withdrawal fees, fiat deposit fees, fiat withdrawal fees, and more, which are determined by the platform and the specific cryptocurrency involved.

We endorse Bybit for its appealing fee structure. Bybit allows free deposits through Standard Chartered Bank transfers and applies a minimal 0.1% fee for trading crypto assets. This fee scheme is more economical than other popular platforms like Coinbase, which typically charges a 1.49% fee for purchases plus a spread.

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Is Standard Chartered Crypto-Friendly?

Although Standard Chartered doesn't directly offer any products or services for acquiring cryptocurrencies, it can be viewed as fairly crypto-friendly. Customers can use their Standard Chartered Bank accounts to move money to regulated digital asset exchanges that accept deposits in the bank's operating currency.

This method facilitates users to purchase, trade, and sell an array of cryptocurrencies such as Bitcoin, Ethereum, and others within a controlled setting. Consequently, Standard Chartered Bank allows its clients to engage in the cryptocurrency market indirectly by backing transactions with compliant crypto exchanges.

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Bottom Line

In conclusion, while Standard Chartered does not directly provide services for purchasing cryptocurrencies, it is still possible for its customers to buy digital assets. A trustworthy and regulated crypto exchange platform such as Bybit, which accepts Standard Chartered deposits, offers an effective solution.

Bybit not only guarantees a secure trading environment but also stands out for its cost-effective fees and broad selection of over 770 digital assets. Therefore, despite the lack of direct crypto services, Standard Chartered remains a feasible option for crypto enthusiasts looking to engage in the digital currency market.