How To Buy Crypto Easily & Securely With Zopa

Can I buy crypto or Bitcoin with Zopa? 

Zopa does not have the infrastructure in place to enable its customers to buy and sell cryptocurrencies on its platform. Clients of Zopa who want to buy Bitcoin or other cryptos can simply connect their bank account or cards to a third-party exchange and buy through them.

‍

How to buy crypto with Zopa

The first step is to signup for a cryptocurrency exchange and then deposit GBP via bank or card deposit. Once your funds have arrived, you can buy Bitcoin (BTC), Ethereum (ETH), or any other cryptocurrency that you think can increase in value. Both eToro and Uphold offer beginner-friendly platforms that are easy to use. 

‍

Signup in two minutes

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

‍

‍

Zopa cryptocurrency

Zopa does not have a stated policy on cryptocurrencies but as long as you use FCA-regulated exchanges, there won't be any issues depositing or withdrawing funds. Like many UK banks these days, Zopa has put out information to their customers for how to best avoid scams. 

"Find out if a company is legitimate by checking if they’re authorised by the FCA. The FCA also has a warning list you can use to see if an investment is a scam."

‍

Zopa Bank

Zopa was founded in 2005 in Buckinghamshire as an internet bank peer-to-peer lender. Since receiving their full banking license in 2020, they closed the peer-to-peer side of the business to offer deposit accounts and credit cards. In 2021 Zopa raised $300 million from Soft Bank vision fund at a 1$ billion valuation. 

Zopa offers current accounts, savings accounts and loans but does not offer any physical branches or ATMs. All interactions with Zopa Bank take place online or via the Zopa app. It also offers a range of digital banking services such as budgeting tools, money management and payments.

The Zopa app is designed to make it easy for customers to manage their money. It provides real-time information on financial transactions and updates, as well as notifications to help customers stay on top of their accounts.

Overall, Zopa Bank is an modern and convenient online banking service that offers a range of banking services with no hidden fees or charges.

Zopa has lent out over £6 billion to over 500,000 customers across the UK. Zopa has a 4.5 rating on Trustpilot with over 18.500 reviews.