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: Virgin Money customers can explore digital asset investments through FCA-regulated exchanges. Although the bank does not provide direct crypto trading within its services, users can transfer funds from their accounts to approved digital currency platforms.

eToro is the best option for Virgin Money clients as it offers free GBP deposits and supports a wide range of more than 4,500 assets to trade. This selection includes cryptocurrencies, commodities, ETFs and stocks, allowing users to diversify their portfolios on one platform.

Website
Top Platform for Virgin Money
5.0 out of 5.0 by Datawallet

eToro is the top platform for Virgin Money due to its fast, free GBP transfers, diverse asset offerings, and competitive fees, making it an ideal choice for clients venturing into digital currencies.

Website
Licensing & Regulation

The Financial Conduct Authority (FCA) and other Tier-1 Regulators.

Available Assets

80+ Cryptos and 4,500 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.

Can I Buy Bitcoin with Virgin Money?

Yes, Virgin Money clients can buy digital assets like Bitcoin and Ethereum using several cryptocurrency exchanges in the UK. Although the bank does not offer direct trading services, it facilitates transfers to platforms that comply with Financial Conduct Authority (FCA) regulations. Customers can deposit GBP through bank transfers, BACS, Faster Payments or debit cards, simplifying the signup and investment process.

How to Buy Crypto with Virgin Money

‍Investing in cryptocurrency with Virgin Money is secure when using regulated exchanges. Our recommended platform, eToro, complies with Financial Conduct Authority (FCA) regulations and supports over 4,500 digital currencies, stocks, commodities and ETFs to trade. eToro offers various payment methods for GBP deposits, including bank transfers, credit cards, debit cards, and more.

Follow this guide to buy crypto with Virgin Money through eToro:

  1. Register: Visit the eToro website and sign up for a new account using your email address. Complete the identity verification process to comply with KYC regulations.
  2. Connect Your Account: Initiate a transfer from your Virgin Money account. You can do this through a bank transfer or a debit card.
  3. Choose Token: Once your funds are available, explore the extensive range of 4,500 assets.
  4. Execute Transaction: After selecting your desired cryptocurrency, enter the amount of GBP you wish to invest. Review the transaction details carefully and confirm your purchase.

What are the Fees?

When converting GBP to cryptocurrencies, it's essential to understand the fees associated with using an exchange. These costs can include fees for depositing funds, executing trades, and withdrawing your money. Trading fees on various platforms typically range from 0.1% to 1%.

For Virgin Money customers looking for an affordable option, eToro is a top choice. Its trading fees start at a competitive rate of just 1%, which is significantly lower than many competitors, such as Coinbase, where fees can exceed 2%. Additionally, eToro offers free GBP deposit options through Faster Payments and bank transfers.

Is Virgin Money Crypto-Friendly?

Yes, Virgin Money is considered crypto-friendly and supports transfers to exchanges regulated by the Financial Conduct Authority (FCA). The bank facilitates these transactions while adhering to stringent FCA regulations. Virgin Money also provides access to various investment options, including crypto-related financial products, demonstrating its support for blockchain technology.

By enabling GBP transfers to approved investment platforms, Virgin Money offers its customers a compliant and secure way to enter the digital asset market. The bank is committed to integrating modern investment options within its broader financial services, allowing clients to explore digital currency investments with confidence.

About Virgin Money

Virgin Money is a leading UK-based financial services company known for its innovative banking solutions. It offers a wide range of products, including the Virgin Money Current Account, Virgin Money Credit Cards, and Virgin Money ISAs. The bank provides online banking experiences while maintaining strong security measures. Its commitment to integrating modern financial technology ensures customers can manage their finances, from everyday banking to long-term savings and investment products.

Bottom Line

In conclusion, Virgin Money customers can easily access cryptocurrency investments through FCA-regulated platforms like eToro. Although the bank does not offer direct crypto trading, it facilitates secure and compliant fund transfers to these exchanges. With low fees and a diverse range of assets, eToro is an ideal choice for Virgin Money users looking to invest in digital currencies.