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

Standard Chartered is paving the way in traditional banking by integrating easy access to the digital asset world. It emphasises adherence to the United Kingdom's comprehensive regulatory standards. This focus on safeguarding and ethical financial practices reflects the bank's goal to provide innovative and trustworthy financial solutions to its clients.

Investors looking to expand their portfolios might find eToro to be an attractive platform. With an extensive selection of over 4,500 assets, including digital currencies, stocks, ETFs, and commodities, eToro operates within a strictly regulated environment.

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 Standard Chartered?

Standard Chartered does not directly facilitate the purchase of cryptocurrencies as part of its usual banking services. However, it encourages its customers to connect with reputable exchanges, ensuring a secure venue for their investment activities.

It is essential for customers to understand that Standard Chartered's banking services, such as its application and online banking, do not incorporate a crypto wallet. It is advisable to collaborate with British platforms that align with the UK's stringent financial regulations for efficient crypto management.

How to Buy Crypto with Standard Chartered

Although Standard Chartered does not engage in cryptocurrency trading directly, it assists in making transfers to accredited platforms like eToro, which are known for their transaction security. eToro is celebrated for its compliance with regulatory requirements, facilitating safe and easy GBP transactions via bank transfer, debit cards, and other payment methods.

  1. Begin by confirming your identity on eToro to create your account.
  2. Select 'Deposit Funds,' choose an appropriate payment method, and execute a transfer from Standard Chartered.
  3. Use the search feature to locate the cryptocurrency you intend to buy and click 'Trade.'
  4. Input the amount you wish to invest and complete the transaction by clicking 'Open Trade.'

Does Standard Chartered Block Crypto Transactions?

Standard Chartered is proactive in adopting digital currency innovations by supporting transactions to and from cryptocurrency platforms regulated by the Financial Conduct Authority (FCA). This flexibility showcases the bank's commitment to integrating advanced financial technologies into its offerings.

Customers are encouraged to interact with platforms that comply with the UK's stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, underlining the bank's dedication to ensuring the safety and integrity of financial transactions within the crypto landscape.

Digital Asset Investing Fees

Navigating the landscape of digital currency trading necessitates a comprehensive understanding of the various fees involved, which are essential for the smooth functioning of trading platforms. Here's a breakdown of eToro’s fees:

  • Funding Account: Adding funds to your eToro account could entail certain charges. eToro strives to facilitate easy funding by minimising or eliminating these costs. For example, converting funds from one currency to eToro's base currency will incur a conversion fee between 1.5% - 3%, but direct deposits in USD are free of charge.
  • Withdrawing Funds: eToro imposes withdrawal fees to cover the processing costs of transferring funds out of the platform. The platform has a fixed withdrawal fee of $5 for fiat currencies, and cryptocurrencies will vary depending on network congestion.
  • Trading Costs: eToro charges a 1% trading fee and a spread on all crypto trades, which is the difference between asset buy and sell prices. This spread varies across different cryptocurrencies and is critical to consider when executing trades. 

eToro also offers a unique value proposition for active traders and investors through its tiered membership system, which can provide benefits such as reduced fees and a dedicated account manager for higher-tier members.

Closing Thoughts

Standard Chartered's stance on cryptocurrency is marked by its firm commitment to secure and regulated financial practices. While it does not facilitate in-app crypto trading, Standard Chartered enables secure transfers to compliant exchanges like eToro, consistent with the UK's stringent financial protections. This approach not only assures the safety of transactions but also empowers clients to explore the digital asset domain responsibly.

Author

Nick Ng is a skilled analyst at StacksOnChain with expertise in both cryptocurrencies and traditional finance. His research offer valuable insights into market trends and investment opportunities for readers.

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