Can I Buy Crypto with Virgin Money?
No, Virgin Money does not offer cryptocurrencies directly. In order to purchase cryptocurrencies, you would need to deposit GBP into a digital asset exchange licensed by the FCA and then buy, sell, trade and stake cryptocurrencies from there.
How to Buy Crypto with Virgin Money
As outlined above, the safest and easiest way to buy Bitcoin and crypto assets with a Virgin Money account is through a Financial Conduct Authority (FCA) licensed exchange. Our recommended platform is Uphold because they offer instant and free GBP deposits from any UK bank account to trade & stake over 250 crypto assets. They are a London-based platform that is trusted by over 10 million users in the UK & Europe.
Here is a simple step-by-step guide to getting started:
- Open a free account on Uphold and complete the verification requirements.
- Connect your account or card to Uphold by selecting the 'GBP Bank' button.
- You can then select the 'connect bank' button to link Virgin Money to Uphold.
- Find the cryptocurrency you want to buy and execute your trade.
What are the Fees to Buy Crypto with Virgin Money?
The fees to invest in Bitcoin and other digital assets with a Virgin Money account will vary depending on the exchange you use. One of the key reasons our research team recommends Uphold is because they lead the competition when it comes to fees & charges. Their platform currently charges zero fees to deposit GBP and to trade on the exchange.
This is significantly cheaper than other popular alternatives like Coinbase and eToro who are known to charge high fees in excess of 2% per trade. One fee to consider when using Uphold is the 'spread' - which averages out at around 0.5% and is significantly lower than competitors.
Is Virgin Money Friendly Toward Cryptocurrencies?
Yes, Virgin Money can be considered crypto-friendly as long as investors are using an FCA licensed platform. This means that they are able to use their Virgin Money account or card to deposit funds into a digital asset exchange and purchase various cryptocurrencies.
Bottom Line
In conclusion, purchasing cryptocurrency with a Virgin Money account or card is a simple process when done through a licensed exchange such as Uphold. Uphold offers instant and free GBP deposits, zero trading fees, and over 250 cryptocurrencies to choose from. The process of buying crypto through Uphold is easy, and they are a trusted platform by over 10 million users in the UK and Europe.
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