The Best Way To Buy Bitcoin & Crypto with Virgin Money

Can I buy crypto or Bitcoin with Virgin Money? 

The best way to buy Bitcoin and other cryptocurrencies with Virgin Money is by signing up to FCA regulated exchanges like eToro and Uphold. Using a FCA-regulated exchanges is the best way to ensure secure deposits and trading of cryptocurrencies.

Being FCA-regulated means that an exchange has proven to offer high levels of security, customer protection, and anti-money laundering measures. This helps to protect users from scams, fraud, and other forms of financial crime.

‍

How to buy crypto with Virgin Money

Step one is signing up for a cryptocurrency exchange. The signup procedure only takes a few minutes to complete and GBP/EUR/USD deposits can then be made. Bank transfers are most often free and take 1-2 business days to process.

Transfers via credit/debit card are in most cases instant but come with 2-3% in deposit fees. Once your funds have arrived in your account you can begin buying cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL) or some other cryptocurrency.

Signup in two minutes

‍1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your Virgin Money account or credit/debit card‍
3. Start Buying: Once your deposit has arrived in your account

‍

‍

Virgin Money crypto

There are many questions that tend to get asked related to Virgin Money and crypto. Below we have outlined some of the most frequent ones.

‍

1. Does Virgin Money allow crypto?

Virgin Money does not have an official cryptocurrency policy but like most regulated banks, they do not restrict its clients from using regulated exchanges. As cautioned on their website, 

‍

"Cryptocurrency’s soaring popularity has sparked interest from cyber-criminals. Some of the most common scams include fake currency exchange websites, and phishing emails attempting to get people to enter keys to digital wallets. Fake copycat websites can look identical to the real ones. However, you can check the FCA register to ensure you’re buying from a reputable source."

‍

And like many other banks in the UK, Virgin Money currently restricts deposits to Binance due to a lack of regulatory clarity.

2. Is Virgin Money crypto friendly? 

‍Virgin Money is a crypto friendly bank that allows its customers to buy cryptocurrencies via third-party exchanges. Virgin Money customers can easily purchase Bitcoin, Ethereum and other digital assets by linking their accounts to FCA-regulated exchanges. We emphasize the importance of using regulated exchanges as that is the safest and most seamless way to buy cryptocurrencies.

‍
3. Can I buy crypto with Virgin Credit Card? 

In most cases customers can use both their debit/credit cards to purchase cryptocurrencies. From time to time however, banks may limit the use of credit cards or the amount that can be purchased with credit cards. In the event that your bank limits the use of credit cards for crypto purchases, you can always link your bank account or debit card and deposits funds that way.

‍

About Virgin Money

Virgin Money was founded in 1995 by the infamous serial entrepreneur Richard Branson. Today, the bank bring the combined history and expertise of Clydesdale Bank, Yorkshire Bank, and Virgin Money to offer a full-service banking solution to its 6.4 million customers across the UK.

Virgin Money offers a range of banking services, including current accounts, savings accounts, mortgages, loans, credit cards, and travel money. Additionally, Virgin Money offers insurance, investments, and financial protection products such as home, life, and car insurance.

Virgin Money has over 3,500 employees and is headquartered in Glasgow, Scotland. In 2021 Virgin made over $1.5 billion in revenues with $89 billion in total assets under management. In terms of overall service quality, Virgin ranks surprisingly low at 15th place in the UK. 

‍