As RCI Bank does not sell any cryptocurrencies via their banking platform, their customers have to signup to regulated third-party crypto exchange like eToro.
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Summary: Customer of RCI Bank who want to buy cryptocurrencies like Bitcoin, have to use exchanges like eToro. This exchange is suitable for beginners who look for a simple way to invest in 1,000s of digital assets and cryptocurrencies. Signing up only takes a few minutes and you can then deposit funds via bank or credit/debit card transfer. eToro is regulated by FCA in the UK which makes it a safe venue to buy and sell cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
FinCEN, FCA, CySec Regulated
As RCI Bank does not sell any cryptocurrencies via their banking platform, their customers have to signup to regulated third-party crypto exchange like eToro.
To buy cryptocurrencies like Bitcoin and Ethereum with RCI Bank, customers must first connect their bank account or card to a regulated exchange like eToro.
USD, EUR and GBP bank deposits are free of charge and funds usually arrive within one business day.
Deposits can also be made using credit or debit cards which are instant but come with a small deposit fee.
eToro is super easy to user for beginners and offers a wide range of assets, making it easy for RCI Bank customers to invest in the crypto market.
This include cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Cosmos (ATOM) and many others!
1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your RCI account or credit/debit card
3. Start Buying: Once your deposit has arrived in your account
RCI bank is crypto friendly but like most UK banks, RCI does not have an explicit cryptocurrency policy.
Instead, they follow legal requirements that are imposed on regulated banks. RCI doesn't impose any restrictions on their clients from transferring funds to buy and sell cryptocurrencies from regulated exchanges.
RCI bank is a crypto friendly bank that does not interfere with customers that wish to invest in cryptocurrencies.
RCI Bank customers can use their credit and debit cards to invest in cryptocurrencies as long as they use FCA-regulated exchanges like eToro.
RCI Bank UK launched in 2015 and is part of Renault's global banking group. The bank's mission is to provide a solid alternative to savers who want transparency and great service.
Its roots trace back to the automotive world, as it operates as a subsidiary of the French car manufacturer Renault. Championing transparency, simplicity, and exemplary service, this digital savings bank has aimed to make finance more accessible and understandable for UK savers.
With offerings that include competitive interest rates of up to 1.05% AER across easy access accounts, fixed rate bonds, and cash ISAs, RCI Bank provides a comprehensive suite of savings options.
Gaining its full UK banking license in 2019, RCI Bank has maintained a steadfast commitment to customer service and unwavering transparency.
RCI Bank has over 300 employees and 100,000 customers across the UK. In 2021 RCI Bank had over £100 million in profits with total assets of £5 billion. All their accounts are FSCS protected for up to £85,000.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
FinCEN, FCA, CySec Regulated
