Summary: Starling Bank empowers its customers to venture into digital asset investing by enabling transactions to sanctioned exchanges. We encourage selecting a platform regulated by the FCA that allows deposits in British Pounds (GBP). Starling Bank does not engage in crypto trading within its platform but permits customers to transfer funds to authorised exchanges.
Through meticulous analysis of leading exchanges in the UK, we have singled out Kraken as the best-suited choice for Starling Bank account holders, as it supports free GBP deposits. The platform boasts a diverse portfolio of over 200 cryptocurrencies for trading and staking. Along with digital currencies, Kraken also provides entry to NFTs via its exclusive marketplace, where customers can purchase, sell, and trade NFTs.
- Instant and free GBP deposits from Starling Bank via Faster Payments, BACS, bank transfer, credit card and more.
- Trade and stake over 200 cryptocurrencies with industry-leading fees and tight price spreads.
- Founded in 2011 and is one of the most trusted global exchanges with over 9 million users.
Can I Buy Bitcoin with Starling Bank?
Yes, as a Starling Bank customer, acquiring Bitcoin along with other cryptocurrencies is possible through trusted digital asset exchanges in the United Kingdom, regulated by the Financial Conduct Authority (FCA). Such exchanges support swift transfers of British Pounds (GBP) directly from your Starling Bank account or debit card. These platforms provide a secure and compliant environment for purchasing and dealing with digital currencies.
How to Buy Crypto with Starling Bank
For those keen on buying digital assets using Starling Bank, we recommend the Kraken platform. Kraken is an FCA-compliant platform that facilitates immediate and free GBP deposits from Starling Bank accounts to buy, sell, and stake over 200 cryptocurrencies at competitive rates. Investors have the option of using Faster Payments, bank transfers, debit cards, along with other digital wallets like Apple Pay, Google Pay for depositing funds swiftly.
You can start trading from Starling Bank by following this simple guide:
- Sign Up: Create an account on Kraken and complete your verification (personal or company).
- Connect Account: Select the currency you want to deposit on the platform (GBP + 30 more).
- Deposit Funds: Connect your Starling Bank account to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
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Starling Bank Cryptocurrency Policy
Starling Bank, with a measured but forward-looking perspective on cryptocurrencies, acknowledges the transformative potential of digital assets in the financial landscape. The bank facilitates its customers to engage in cryptocurrency investments via exchanges that have received accreditation from the UK's Financial Conduct Authority (FCA) or comparable European governing entities such as the European Securities and Markets Authority (ESMA).
This policy, while adhering to financial markets regulations, enables investors to navigate the world of digital assets alongside traditional banking services. It allows Starling Bank's clients to diversify their investment portfolios beyond conventional financial instruments into the crypto asset sector, enabling investors the ability to hedge against the traditional banking system.
What is Starling Bank?
Starling Bank is a UK-based digital, mobile-only challenger bank founded by Anne Boden in 2014. It operates entirely through a mobile app with no physical branches. The bank received its banking license from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) in 2016 and began offering services in 2017.
Starling focuses on providing a seamless, user-friendly banking experience through its mobile app. It offers personal and business accounts, joint accounts, and Euro accounts, as well as additional financial products such as loans, overdrafts, and savings accounts. Its features include instant transaction notifications, real-time balance updates, spending analysis, and the ability to freeze and unfreeze cards directly from the app.
Final Thoughts
To sum up, Starling Bank currently does not offer direct cryptocurrency or Bitcoin purchases through their platform. To buy digital assets with Starling Bank, connect your account to a licensed and regulated exchange like Kraken, which provides instant, free GBP deposits to trade and stake over 200 cryptocurrencies in an FCA-regulated environment.
I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.
