Summary: Standard Chartered Bank does not offer products or services for customers to invest in crypto assets via its online banking system. To acquire cryptocurrencies with a Standard Chartered account, it's recommended to register with a trustworthy exchange that accepts deposits in the relevant currency for trading digital assets.
For a seamless experience, consider using the Bybit platform. They accept deposits from Standard Chartered Bank via Bank Transfer, Debit Card, and Credit Card, enabling users to buy and sell more than 350 cryptocurrencies at competitive transaction fees of 0.1%.
Best Exchange for Standard Chartered Bank
Platform Highlights
- Instant deposits from Standard Chartered accounts with 61 different fiat currencies.
- Buy, sell and trade 400+ Cryptocurrencies for low fees via Spot, Futures & Options trading.
- Non-KYC exchange with audited proof-of-reserves that show customer funds are backed 1:1.
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Can You Buy Crypto with Standard Chartered?
Currently, Standard Chartered Bank does not enable clients to acquire Bitcoin or alternative digital currencies directly through their internet banking service. However, Standard Chartered Bank displays a forward-thinking attitude towards cryptocurrencies. As such, customers can sign up with approved crypto trading platforms in their jurisdiction and transfer funds from their Standard Chartered Bank account to participate in cryptocurrency transactions.
How to Buy Bitcoin and 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 Bank does not maintain a specific digital asset trading policy. However, the bank allows customers to transfer funds to regulated and approved trading platforms. As a result, clients can deposit their local currency into exchanges to buy, sell, and trade digital assets such as Bitcoin, Ethereum, or USDT without encountering any issues.
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 multinational banking and financial services company headquartered in London, United Kingdom. Established in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia, and China, it operates a vast network of branches and offices across more than 60 countries, primarily in Asia, Africa, and the Middle East.
Standard Chartered offers a diverse range of services, including retail banking, corporate and institutional banking, wealth management, and private banking. The bank's core focus is on providing financial solutions for individuals, small and medium-sized enterprises (SMEs), as well as large corporations and government institutions. Standard Chartered is listed on the London and Hong Kong stock exchanges and is a constituent of the FTSE 100 Index.
Final Thoughts
In conclusion, although Standard Chartered Bank currently does not offer direct crypto investment services through its online banking platform, customers can still participate in cryptocurrency transactions by using reputable exchanges like Bybit. Bybit accepts various fiat currencies and offers free, instant deposits with zero trading fees, making it an excellent choice for Standard Chartered customers.
While the bank has yet to announce any plans for providing crypto services, it remains open to supporting clients in their digital asset endeavors. Always ensure you use a secure and trustworthy platform when investing in cryptocurrencies, and stay informed about your bank's policies and the evolving crypto landscape.
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I fell into crypto during the 2017 mania and have been around ever-since. I now write, research and publish my own reports on the digital asset ecosystem.
