Summary: Standard Chartered doesn’t support buying crypto directly through its services. Still, if you’re an investor based in the UK, you can bypass this and purchase Bitcoin (BTC) or Ethereum (ETH) through a reputable cryptocurrency exchange such as eToro.
Best Crypto Exchange for Intermediate Traders and Investors
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Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
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0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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eToro USA is registered with FINRA for securities trading.
Can you buy crypto with Standard Chartered?
In short, it’s possible to purchase crypto with a Standard Chartered account; however, only if you connect to an FCA-licensed cryptocurrency exchange. As mentioned, this is due to Standard Chartered not offering cryptocurrency services through its online platform.
How to buy crypto with Standard Chartered?
The best possible way to buy crypto with a Standard Chartered bank account in the UK is through a reputable broker like eToro.
eToro is a fully licensed and popular cryptocurrency exchange platform that deals with over 60 crypto assets and offers specialized features such as Copy Trading that allows users to mimic the moves of other traders on the app that are best-performing. Furthermore, eToro also offers custom watchlists, advanced charts patterns, and technical analysis tools.
How to buy crypto with Standard Chartered: Step-by-Step
Buying crypto through eToro with Standard Chartered can be done in four simple steps:
- Step 1: Create an account on eToro and verify it (personal or company);
- Step 2: Enter the GBP amount that you wish to deposit;
- Step 3: Connect your Standard Chartered account to deposit the selected fiat currency;
- Step 4: Look up the cryptocurrency you want to buy and finalize your trade.
Disclaimer: 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.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
About Standard Chartered
Standard Chartered is a global banking and financial services company with headquarters in London, United Kingdom. With a rich history dating back over 160 years, Standard Chartered operates in more than 60 countries and serves individuals, businesses, corporations, and institutions worldwide.
The bank focuses on providing a range of financial products and services, including retail banking, corporate banking, wealth management, and investment banking. It caters to diverse customer needs, offering solutions such as savings accounts, loans, credit cards, foreign exchange services, trade finance, cash management, and advisory services.
Standard Chartered services include:
- Corporate and institutional banking: Evolve financial activities across Asia, Africa, and the Middle East through Standard Chartered’s global network;
- Transaction banking: Trade finance, liquidity, and cash management solutions;
- Financial markets: Manage financial risk, from currency exposure to accessing capital markets for liquidity;
- Corporate finance: Corporate advisory, project & export finance, structured trade finance, M&A advisory, and structured finance.
Standard Chartered’s crypto policy
Back in 2020, Standard Chartered partnered with Northern Trust to launch Zodia Custody—an institutional-grade custody solution for cryptocurrencies. The idea is to allow institutional investors to buy crypto with a Standard Chartered-authorized platform. Zodia combines the expertise of a bank with the agility of a fintech company to meet the high standards of institutional investors. In April 2023, Japan’s SBI Holdings became Zodia’s second-largest shareholder with a $36 million investment.
Should I invest in Bitcoin and crypto?
Although it carries inherent risks, buying crypto with Standard Chartered can potentially offer opportunities for significant financial gains.
In spite of the potential risk, investing in digital assets is well worth considering, especially if you take into consideration the following factors:
- Potential high returns: Cryptocurrencies have shown the potential for significant returns in a relatively short period, with some investors having experienced significant gains during periods of market growth;
- Decentralization and innovation: Cryptocurrencies are built on decentralized blockchain technology, which offers the potential for innovative applications and disruption in various industries;
- Accessibility and liquidity: Cryptocurrencies offer greater accessibility compared to traditional financial markets. They can be traded 24/7, allowing investors to buy, sell, or convert their holdings at any time. Additionally, cryptocurrencies can provide solid liquidity, allowing for relatively easy conversion into other assets or currencies;
- Emerging asset class: Cryptocurrencies are considered an emerging asset class, and some investors see them as an opportunity to get in early on potentially transformative technology. As such, investing in Bitcoin and other cryptocurrencies allows you to participate in the growth and evolution of this emerging industry.
Having said this, it’s also key to remember that cryptocurrencies like BTC are much more volatile in comparison to traditional assets like stocks and bonds. As such, you should always make informed decisions when buying crypto with Standard Chartered to avoid losing more than what’s acceptable.
Bitcoin price today
How to buy crypto safely
It’s no secret that many people are put off by investing in cryptocurrencies. The truth is that the market is new and relatively untested, making it a major target for scams and cyberattacks. Therefore, when opting to buy crypto with Standard Chartered, it’s crucial to think about safety and take necessary precautions. Here’s how you can manage that:
- Choose a reputable exchange or platform: Research and select a trusted cryptocurrency exchange with a good track record, robust security measures, and regulatory compliance;
- Enable two-factor authentication (2FA): Use 2FA to add an extra layer of security to your account. This typically involves linking your account to a mobile app or receiving SMS codes for verification;
- Secure your wallet: If you’re purchasing a significant amount of crypto, consider using a crypto wallet (hardware wallet or a secure software wallet) to store your funds online and offline;
- Beware of phishing attempts: Be cautious of phishing emails, fake websites, or social media scams. Always double-check website URLs and avoid clicking on suspicious links;
- Conduct thorough research: Before buying crypto with Standard Chartered, educate yourself about the specific cryptocurrency you want to buy. Understand its technology, potential risks, and long-term prospects;
- Start with small amounts: Begin with a small investment and gradually increase it as you gain confidence and familiarize yourself with the process.
The bottom line
Standard Chartered doesn’t support buying crypto directly. However, you can link your account to an FCA-licensed cryptocurrency exchange. That said, you should always keep in mind that investing in cryptocurrencies carries risks, so it’s important to carefully evaluate your financial situation, risk tolerance, and seek professional advice if needed.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy crypto with Standard Chartered
How to buy crypto with Standard Chartered?
To purchase crypto with a Standard Chartered account, connect it to a reliable cryptocurrency exchange like eToro.
Can you buy crypto with Standard Chartered?
Unfortunately, Standard Chartered currently doesn’t support trading in cryptocurrencies directly through their platform. To do so, connect your SC account to an FCA-regulated third-party exchange and then start buying, selling, and trading.
What is Standard Chartered’s crypto policy?
Standard Chartered doesn’t provide any services or products that deal with cryptocurrencies. However, you can use Standard Chartered’s online banking accounts to buy, sell, and trade digital assets through a reputable exchange platform.
What crypto exchanges does Standard Chartered allow?
Standard Chartered only approves FCA-licensed cryptocurrency exchanges for venturing into the crypto market.
Is it safe to link my Standard Chartered account to a cryptocurrency exchange?
Linking your bank account to a reputable, FCA-licensed cryptocurrency exchange is generally considered safe.
