How to Buy Bitcoin and Crypto with Starling Bank
To buy cryptocurrencies like Bitcoin with Starling Bank, you will need to use a licensed cryptocurrency exchange. We recommend using eToro UK, as it supports multiple GBP deposit methods for Starling Bank users including Bank Transfer, Credit/Debit Card, Trustly, Skrill, Neteller, PayPal and Rapid Transfer. Follow the below guide to buy Bitcoin with Starling Bank.
- Open Account: Create an account on eToro and complete identity verification.
- Deposit GBP: Click ‘Deposit Funds’, select a method and send GBP from Starling Bank.
- Find Token: Tap the search bar, type in ‘Bitcoin’ and click ‘Trade’.
- Buy Bitcoin: Enter the amount of GBP you want to invest and click ‘Open Trade’.
Cryptocurrency Deposit & Investing Fees
The eToro exchange is considered one of the most affordable cryptocurrency investing platforms globally as it offers free and instant deposits to all users, no matter the country or deposit methods. Furthermore, it only charges a small $5 fee to withdraw funds from the platform. There is a 1% fee anytime you buy or sell crypto on the platform, but this is relatively low compared to Coinbase which charges 3%.
Starling Bank Cryptocurrency Policy
There is nothing currently stated in Starling Banks policies that would prohibit their customers from investing in digital assets. Furthermore, there have been zero reports of Starling Bank account holders funds being halted when transferring to a secure, regulated and licensed cryptocurrency exchange. Starling Bank has not officially announced its stance on cryptocurrencies.
Are there risks involved in buying crypto?
Investing in cryptocurrencies can be a risky endeavor. While they have the potential for significant returns, they are also extremely volatile and prone to extreme price fluctuations. Additionally, there is a lack of regulation in the cryptocurrency market, leaving investors open to fraud and security breaches.
Furthermore, it is important to consider the long-term sustainability of a particular cryptocurrency. Many new currencies appear on the market, but not all will survive in the long run. It is crucial to do thorough research before investing in any cryptocurrency. Overall, investing in cryptocurrencies can be risky but potentially profitable. Careful consideration and research should be taken before making any investment decisions.
What is Starling Bank
Starling Bank is a mobile-only bank based in the UK. Founded in 2014, Starling offers personal and business banking services, including current accounts, savings accounts, loans, and more. Unlike traditional banks with brick-and-mortar branches, Starling operates entirely through their app, making it easy for customers to manage their finances on the go.
Starling has received positive reviews for its user-friendly interface and high interest rates on savings accounts. In 2019, they were named Best British Bank by Moneywise. It provides modern and convenient banking solutions for individuals and businesses.