Summary: The easiest and best way to buy Bitcoin or crypto with a Metro Bank account is by depositing GBP into a licensed and regulated cryptocurrency exchange.

We recommend using eToro because they offer free and fast deposits for BOE account holders when depositing GBP.

Table of Contents

Can I buy Bitcoin or Crypto with Metro Bank?

Unfortunately Metro Bank does not currently support any features for users to directly invest in Bitcoin and other cryptocurrencies on their platform. Most major banks in the UK and Europe are yet to implement a feature where their customers can buy crypto directly through their banking platform.

If you are looking to buy Bitcoin and other cryptocurrencies using your Metro Bank account, we recommend you use a trusted and regulated exchange in the United Kingdom like eToro.

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How and Where to buy Bitcoin with Metro Bank

If you want to buy Bitcoin from a Metro Bank account, we recommend using a trusted, licensed and regulated cryptocurrency exchange in the United Kingdom like eToro. They offer free deposit methods for their English customers when depositing GBP.

Follow the below steps to get started on how to buy Bitcoin using eToro.

Step One: Sign up to eToro and verify your details

Step Two: Find 'Deposit Funds' and deposit GBP from your Metro Bank account

eToro Fund Account Page - Metro Bank

Step Three: You will then be redirected to this page where you can find eToros deposit details for bank transfer. Simply transfer the amount and it should reflect in your account within the day. However, it is pertinent to note that some bank transfers can take up to 4 business days to reflect in your eToro account.

eToro Bank Wire Transfer Details Page

Step Four: Once your funds have hit your account, simply type in 'Bitcoin' in the search bar, enter the amount of GBP you wish to invest and press 'Trade'

eToro buy Bitcoin Page

Metro Bank Cryptocurrency Policy

Metro bank do not currently have any policies that would prohibit their users from trading any form of digital asset or cryptocurrency. Metro bank account holders should not be concerned when investing in cryptocurrency as there have been no reports of funds being frozen when transferring from Metro bank.

They are yet to release an official statement on their cryptocurrency stance but have stated that all transactions going in and out of Binance will not be approved. This has nothing to do with cryptocurrency, they simply wish to protect their customers assets from untrustworthy exchanges like Binance.

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Deposit and Trading Fees

When investing in Bitcoin and other cryptocurrencies, there are two fees investors need to consider when depositing funds into an exchange.

The first is the 'Deposit Fee' - This fee is charged when you deposit GBP into the exchange. The second is the 'Trading Fee' - This is the fee you will incur when trading GBP for cryptocurrencies.

However, when depositing GBP from your Metro Bank account to your eToro account, it is completely free. To make it better, eToro doesn't charge any fees to trade cryptocurrencies, meaning you will pay zero fees when investing in crypto through their platform.

For a full, comprehensive review of eToro, please visit our eToro Review page.

Buy Bitcoin Metro Bank
Posted 
Apr 6, 2022
 in 
Crypto Banks
 category

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