Can I buy Crypto on Monese Bank?
If you’re looking to buy Bitcoin or other Cryptocurrencies directly on the Monese banking platform, you are out of luck. However, as stated above, UK investors can send funds from their Monese bank accounts and cards to a regulated, licensed, and secure Cryptocurrency exchange to trade digital assets.
The best Crypto trading platform in the UK is Uphold, it is based in London and offers free and instant GBP deposits to Monese customers. In addition to buying and selling tokens, it also provides staking services, which allow users to earn yields on their assets. If you're interested in learning more about this exchange, visit our detailed Uphold Review.
How to buy Crypto with Monese Bank
The most secure and affordable way to invest in Cryptocurrencies with Monese Bank is by connecting your account to Uphold. Once linked, you can deposit GPB from Monese to Uphold and trade over 250+ tokens. The exchange supports multiple payment methods which include Apple Pay, Google Pay, Bank Transfers, Credit/Debit Cards & SEPA Transfers. Follow the below steps to get started:
- Sign Up: Open a free account on Uphold and complete the verification requirements.
- Connect Account: Select the currency you want to deposit on Uphold (GBP + 30 more).
- Deposit Funds: Connect your Monese Bank account to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the token you want to buy and execute your trade.
Monese Bank Cryptocurrency Policy
Monese Bank does not currently offer direct support for the buying, selling, or holding of Cryptocurrencies through its web platform or mobile application. This means that customers cannot use the Monese app to purchase digital assets such as Bitcoin, Ethereum, or others.
However, Monese customers can still invest in Crypto through third-party platforms that allow them to link their accounts or cards and transfer funds from there. Monese does not place any restrictions on the use of its accounts for Cryptocurrency investments, and customers are free to use the funds in their accounts as they see fit, including for digital asset purchases.
What is Monese Bank
Monese Bank is a UK-based mobile-only challenger bank that offers a range of financial services to individuals and small businesses. It was founded in 2013 with the goal of providing easy and accessible banking solutions to those who have been traditionally excluded from the traditional banking system, such as immigrants and expats.
With its mobile app, Monese customers can open a UK or European current account, apply for a debit card, transfer money, pay bills, and more. The bank provides a fast and convenient way for customers to manage their finances, with instant account activation and 24/7 customer support. It uses the latest technology and security measures to protect its customers' information and funds.
Although Monese Bank does not directly offer digital assets through its web platform or mobile application, it does allow its customers to transfer funds from their accounts or card to an FCA-licensed exchange.
Uphold is the best Cryptocurrency exchange in the United Kingdom. Its platform is highly intuitive and easy to use, making it simple for users of all experience levels to buy and sell crypto quickly and efficiently. Additionally, it is completely transparent in its assets and provides proof of reserves that show users' funds are always held 1:1 and are not being invested without their knowledge.