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How to Buy Bitcoin or Crypto with MBNA

How to Buy Bitcoin or Crypto with MBNA

Adrian Graham
Fact Checked
Sep 29, 2022

Summary: MBNA does not directly support cryptocurrency purchases with their MBNA VISA Credit Card through their online banking platform. That said, customers can buy digital assets with an FCA-licensed exchange that supports MBNA Credit Card deposits.

If you are looking to get started quickly, we recommend the eToro UK platform because they offer fast and cheap deposits from MBNA Cards to trade over 80 cryptos and thousands of Stocks, ETFs and other assets.

Table of Contents

Best MBNA Card Supported Exchange

Platform Highlights

  • Fast and cheap GBP deposits from MBNA Credit Cards.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities.
78% of retail CFD accounts lose money.

Can you Buy Crypto with an MBNA Card?

The short answer is yes. MBNA Credit Card holders can invest in digital assets by depositing Great British Pounds (GBP) into a Financial Conduct Authority licensed exchange that supports VISA deposits. This method is safe, legal and enables investors to buy cryptocurrencies with credit.

How to Buy Bitcoin or Crypto with MBNA

The easiest way to buy Bitcoin, Ethereum and other coins with an MBNA Card in the United Kingdom is with the eToro platform. They offer instant and cheap deposits with any VISA or Mastercard Credit Card to trade over 80 digital assets and over 8,000 stocks, ETFs, commodities and other assets.

You can get started in 4 simple steps:

  • Step 1: Sign up to the eToro UK platform.
  • Step 2: Select the 'Deposit Funds' button and 'Credit Card' as your payment method.
  • Step 3: Input your MBNA Credit Card details and finalize your deposit.
  • Step 4: Find the Crypto you want to buy on the platform and execute your trade.
Deposit funds with an MBNA VISA Credit Card.

Is MBNA Digital Asset Friendly?

Yes, MBNA is crypto-friendly and allows its customers to use credit cards to purchase cryptocurrencies. However, there are a few things to keep in mind when doing so. First, make sure that you are using a credit card that supports cryptocurrency purchases. Second, be aware that there may be fees associated with using your credit card to purchase cryptocurrencies.

Finally, keep in mind that the prices of cryptocurrencies are highly volatile and can rise and fall rapidly. If you are not comfortable with these risks, then you may want to consider other options for investing in cryptocurrencies.

About MBNA

MBNA is one of the leading credit card issuers in the United Kingdom with over £8 billion in managed assets and serving more than 7 million customers. MBNA offers a full range of credit card products for personal, business, and affinity markets including low rate, balance transfer, rewards, cash back, and student cards.

MBNA

Headquartered in Wilmington, Delaware, MBNA has operations in the United States, Canada, Puerto Rico, and the United Kingdom. The company employs more than 4,000 people and offers a full range of credit card products for personal, business, and affinity markets. MBNA is a subsidiary of Bank of America Corporation (NYSE: BAC).

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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