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How to buy Crypto with Standard Chartered
The only way to invest in digital assets with Standard Chartered is by sending your funds to a secure and trustworthy cryptocurrency exchange. We recommend using Bybit as it accepts 61 different fiat currencies to deposit funds with. It also offers free and instant deposits, plus zero trading fees. Which means the entire process of signing up, depositing funds and buying tokens will only take under five minutes.
Follow the simple guide below to get started:
- Open a free account on Bybit and complete the sign-up process.
- Click 'Buy Crypto', then 'One-Click Buy' and select a fiat currency.
- Select a method and the cryptocurrency you want to invest in.
- Input the amount you want to purchase and tap 'Buy'.
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Standard Chartered Crypto Policy
Standard Chartered does not have any adverse banking policies that would prohibit their customers from buying or selling Bitcoin and cryptocurrency. Standard Chartered Bank account holders are safe to deposit and withdraw from licensed digital asset exchanges like Bybit.
Will Standard Chartered offer Crypto or Bitcoin?
As at time of writing - Standard Chartered has no plans to offer cryptocurrency solutions to their clients. Other banks like DBS and Citibank have take a more progressive stance than SCB and have started offering digital asset services to institutional banking clients.
What is Standard Chartered Bank?
Standard Chartered is a British multinational banking and financial services company headquartered in London. It operates a network of over 1,700 branches and outlets across more than 70 countries and employs around 87,000 people. It was established in 1969 by the merger of two banks: Standard Bank of British South Africa and the Chartered Bank of India, Australia and China.
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It is organised into four client-facing business units: Corporate and Institutional Banking, Retail Banking, Commercial Banking, and Treasury and Markets. It also has a number of support functions, including human resources, finance, risk management, and compliance. Standard Chartered Bank's main competitors are HSBC, Barclays, Citigroup, and JPMorgan Chase.
The bank has a strong presence in Asia, Africa, and the Middle East. In 2018, Standard Chartered generated around 60% of its revenue in Asia; 25% in Africa; and 15% in the Middle East. It has a significant presence in Hong Kong, Singapore, China, India, Pakistan, Bangladesh, Vietnam, Indonesia, UAE, Kuwait, Qatar, Saudi Arabia, and Nigeria.
Final Thoughts
Standard Chartered Bank is a well-established, global banking and financial services provider with operations in more than 70 countries. Although they don’t offer any cryptocurrency services as of now, their customers are not prohibited from buying or selling Bitcoin and other digital assets on licensed exchanges like Bybit.
We believe that this could change in future, as other international banks have started to offer digital asset services to their customers. However, until then, investors can use Bybit’s simple and secure platform to buy cryptocurrencies with Standard Chartered Bank accounts.
