Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

Metro Bank rigorously adheres to the UK's financial regulations, ensuring the safety and integrity of transactions. This commitment reflects the bank's dedication to providing trustworthy and responsible banking services. 

For those interested in expanding their investment horizons, eToro presents a fitting platform. Regulated for various assets, including cryptocurrencies, stocks, ETFs, and commodities, eToro stands out for its innovative features like copy trading and virtual portfolios.

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.
eToro United Kingdom
eToro United Kingdom

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.8

Supported Assets

4,500 Cryptocurrencies, Stocks, ETFs and more.

Trading Fees

0% Fees and Variable Spread (1%).

Can I Invest in Crypto with Metro Bank?

Metro Bank does not directly offer cryptocurrency trading within its banking services. Nevertheless, Metro Bank account holders can transfer funds to accredited digital asset platforms that comply with the UK's regulatory standards, ensuring a secure investment process.

It's crucial for Metro Bank customers to recognise that the mobile app and online banking system do not provide built-in crypto wallets. For managing digital asset investments, users must utilise reputable exchanges in the United Kingdom to ensure a secure trading environment.

How to Buy Crypto with Metro Bank

While Metro Bank does not offer direct crypto trading, it facilitates transactions to approved exchanges. By selecting platforms regulated by entities like the Financial Conduct Authority, customers ensure transaction security. In the UK, eToro is notable for its adherence to FCA guidelines, providing secure methods for GBP deposits through bank transfers, FPS, and debit cards.

  1. To start crypto investments on eToro, first verify your identity to create an account. 
  2. Navigate to 'Deposit Funds,' choose a preferred payment method, and initiate a transfer from Metro Bank. 
  3. Use the search function to locate the desired cryptocurrency and select 'Trade.' 
  4. Specify your investment amount and finalise the purchase by clicking 'Open Trade.'
How to Buy Crypto with Metro Bank

Does Metro Bank Block Crypto Transactions?

No, Metro Bank does not freeze transactions to regulated cryptocurrency investment platforms, allowing its clients to interact with the digital asset world. This shows the bank's initiative to support and broaden its financial services for its clients.

The bank advises its customers to transact only with exchanges that comply with the UK's stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) standards, as required by the Financial Conduct Authority (FCA). This advice reflects the bank's commitment to ensuring safe financial dealings amidst the dynamic domain of digital currencies.

Digital Asset Investing Fees

Stepping into digital currency investments entails getting to grips with the fees on trading platforms like eToro, which is key to their sustainability. Here's what eToro charges:

  • Deposit Charges: Depositing funds into your eToro account can attract fees. eToro aims to reduce these wherever possible. Converting GBP to eToro's base currency incurs a 1.5% - 3% fee, yet USD deposits are exempt from fees.
  • Withdrawal Costs: eToro levies a $5 fee for fiat withdrawals, offsetting transfer costs. Crypto withdrawal fees may vary depending on blockchain activity at the time.
  • Exchange Fees: Each trade on eToro comes with a 1% fee and a spread. This spread, the price difference between buying and selling, differs across cryptocurrencies.

For those trading frequently or investing large amounts, considering eToro's tiered membership could be beneficial, with perks including lower fees and dedicated account management.

Closing thoughts

In conclusion, Metro Bank exemplifies a strong adherence to the UK's financial regulations, particularly under the Financial Conduct Authority's oversight, ensuring transaction security and integrity. For clients interested in the digital asset space, Metro Bank facilitates secure fund transfers to regulated platforms like eToro, which is known for its compliance with UK standards and innovative investment features. 

Author

Richard Zhang, the founder of StacksOnChain, comes with a rich history in finance and a background as a High-Frequency Trading engineer and computer science scholar. With over a decade in the industry, he fervently advocates decentralized financial systems, imparting his extensive knowledge to a global readership.

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