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How to Buy Crypto with Starling Bank

How to Buy Crypto with Starling Bank

Explore how to invest in cryptocurrencies using your Starling account. Learn the fees involved, the steps to start investing, and how to stay compliant with UK regulations.

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: Starling Bank does not provide direct cryptocurrency investment services within its banking framework. However, it supports Starling account holders in accessing the cryptocurrency market by enabling the transfer of GBP to exchanges regulated by the UK's Financial Conduct Authority (FCA).

For Starling Bank customers interested in digital asset investments, eToro is a suitable choice that is registered with the FCA. The platform facilitates swift GBP deposits through bank and debit card transfers. Offering a range of over 3,000 assets, including cryptocurrencies, stocks, and ETFs, eToro stands as a comprehensive option for those looking to broaden their investment horizons.

Top Platform for Starling Bank
5.0 out of 5.0 by Datawallet
eToro is the top platform for Starling Bank account holders due to its low fees, registration with the FCA, and wide selection of assets across various asset classes.
Licensing & Regulation
The Financial Conduct Authority (FCA) and other Tier-1 Regulators.
Available Assets
70+ Cryptos and 3,000 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.

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Can I Buy Crypto with Starling Bank?

Yes, Starling Bank accommodates its users' interest in the cryptocurrency domain, enabling investments in mainstream cryptocurrencies such as Bitcoin and Ethereum. Starling Bank permits the transfer of funds to recognised crypto exchanges within the UK, adhering to the Financial Conduct Authority's (FCA) regulations. For those keen on investing in digital currencies, Starling Bank offers straightforward deposit options using British Pounds, including bank transfers, BACS, Faster Payments, and debit card transactions.

How to Buy Crypto with Starling Bank

For those looking to buy digital currencies using a Starling account, there are reliable and easy methods available. We recommend eToro as a platform regulated by the FCA and known for its user-friendly interface. eToro accepts deposits in British Pounds (GBP) and is fully compatible with Starling Bank, facilitating transactions through bank transfers and debit cards. The platform offers many assets, including over 3,000 cryptocurrencies, stocks, ETFs, and more. 

Here's a simple 4-step guide to get your crypto investments rolling:

  1. Account Creation: Begin by registering on eToro and fulfilling the necessary verification procedures.
  2. Funding Your Account: Go to eToro’s 'Deposit' area, usually found at the bottom left of the screen. Add funds to your eToro account.
  3. Choosing Currency and Payment Method: Select 'GBP' as your currency and pick a payment option linked to your Starling Bank account.
  4. Investing in Cryptocurrency: After your deposit is completed, use eToro’s intuitive search function to locate and invest in your chosen cryptocurrency.

What are the Fees?

When diving into Bitcoin or other cryptocurrencies using your Starling Bank account, it's crucial to be aware of the fees involved. These could include deposit and withdrawal costs, transaction fees and pricing spreads.

Among the platforms that work well with Starling Bank, eToro is a cost-effective option. By supporting Faster Payments, eToro provides an affordable way to deposit British Pounds (GBP), a benefit that is particularly useful for customers. Furthermore, eToro keeps its fees competitive with a 1% variable spread. This makes eToro more cost-effective than other services like Coinbase, where the spread fees can exceed 2%.

Is Starling Bank Crypto-Friendly?

Starling Bank takes a measured stance on cryptocurrency investments, enabling its account holders to conduct fund transfers through various methods, including debit cards and bank transfers, for engaging with crypto platforms. This approach is especially applicable to platforms that comply with the financial regulations of the UK, as outlined by the Financial Conduct Authority (FCA).

This policy equips Starling Bank customers with the capability to venture into digital asset investments within a secure and regulated environment. In line with the FCA's rigorous regulations, Starling Bank provides a reliable route for those interested in diversifying their portfolio with cryptocurrencies, ensuring compliance with essential financial regulatory standards.

Bottom Line

In conclusion, Starling Bank emerges as a crypto-supportive financial institution, offering its customers a secure and regulated pathway to invest in cryptocurrencies. With the ability to transfer funds to FCA-regulated crypto exchanges and the integration of user-friendly platforms like eToro, Starling Bank facilitates straightforward crypto investments. The bank's adherence to FCA guidelines, combined with eToro's competitive fees and diverse asset offerings, positions Starling as an appealing option for those seeking to diversify their investment portfolio into the realm of digital currencies.

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