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

Starling Bank enables secure transactions to approved digital asset exchanges, reinforcing its commitment to providing safe and trustworthy banking solutions.

For those aiming to broaden their investment portfolios, eToro is an excellent platform, offering a diverse range of over 4,500 cryptocurrencies, stocks, ETFs, and commodities. It allows for quick GBP deposits directly from Starling Bank accounts and debit cards.

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 Starling Bank?

While Starling Bank does not directly offer crypto trading, it empowers customers to transfer funds to regulated digital currency exchanges, providing a secure investment environment. 

The bank users should note that its digital banking services do not include integrated crypto wallets. Using a British exchange is recommended for managing and acquiring cryptocurrencies within regulatory compliance.

How to Buy Crypto with Starling Bank

Starling Bank streamlines the process of buying crypto by enabling fund transfers to FCA-registered platforms, ensuring transaction security. eToro is known for its regulatory compliance in the UK, which allows for secure GBP deposits through bank transfers, Faster Payments Service, and debit cards.

  1. Create and verify your account on eToro by providing your email address.
  2. Navigate to 'Deposit Funds,' choose a preferred payment method, and initiate a transfer from Starling Bank.
  3. Use the search feature to locate your desired cryptocurrency and select 'Trade.'
  4. Specify your investment amount and finalise the transaction by clicking 'Open Trade.'

Does Starling Bank Block Crypto Transactions?

Starling Bank supports fund transfers to FCA-registered cryptocurrency platforms, embracing the integration of emerging financial technologies. This reflects the bank's flexibility in integrating emerging financial technologies into its offerings.

Clients are advised to interact only with platforms that comply with the UK's rigorous KYC and AML standards under the Financial Conduct Authority (FCA). This demonstrates the bank's dedication to maintaining the security and integrity of financial transactions in the digital currency domain.

Digital Asset Investing Fees

For those trading digital assets, understanding the fee structure is key to platform operations like eToro. Here’s a breakdown of eToro’s costs:

  • Deposit Costs: Fees may apply when you fund your eToro account, though efforts are made to reduce or eliminate them. Currency conversions are subject to a 1.5% to 3% fee, but USD deposits are free.
  • Withdrawal Fees: eToro charges a $5 fee for fiat withdrawals to cover transaction costs, while crypto withdrawal fees fluctuate with the network load.
  • Trading Fees: Each crypto trade on eToro incurs a 1% fee and a spread, the differential between the buying and selling prices. This spread changes among cryptocurrencies and is vital for trade considerations.

eToro rewards consistent traders with a tiered membership that offers reduced fees and specialised account management for elite members.

Closing Thoughts

To summarise, Starling Bank's adherence to UK financial regulations and its partnership with platforms like eToro provides a safe gateway for clients interested in cryptocurrencies. Although direct crypto trading is not available, the bank facilitates secure transactions to FCA-registered exchanges, enabling customers to delve into digital assets within a regulated framework.

Author

Elena Boyaci is the proactive editor-in-chief of StacksOnChain, bringing her extensive journalism experience to the forefront. She spearheads a committed team, focusing on providing prompt and comprehensible updates on crypto and finance.

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