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How to Buy Crypto with Monese Bank

How to Buy Crypto with Monese Bank

Dylan Matthews
Fact Checked
Oct 2, 2022

Summary: Monese Bank does not directly offer cryptocurrency investing services through its online banking platform. The only method available for Monese account holders to buy Crypto is by depositing funds onto an FCA-licensed cyrpto broker.

For investors looking to get started quickly, we recommend that you connect your Monese Bank account to a regulated centralised cryptocurrency exchange like eToro. They offer instant and cheap GBP deposits to trade a wide variety of crypto-assets in the UK for low fees.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and cheap GBP & EUR deposits from Monese Bank.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.
78% of retail CFD accounts lose money.

Can I buy Crypto with Monese Bank?

If you’re looking to buy Bitcoin or other cryptocurrencies directly on the Monese banking platform, you are out of luck. You can however connect your Monese bank account to a regulated, licensed and secure cryptocurrency exchange like eToro. On eToro you have access to a wide selection of assets. 

On eToro investors can purchase cryptocurrencies, commodities, stocks, ETFs, indices, currencies and much more. In addition to trading crypto you can also stake selected cryptocurrencies on eToro, with high APY (Annual Percentage Yield).

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 eToro. Once linked, you can deposit GPB from Monese into eToro and trade cryptocurrencies directly on eToro. 

Follow the below steps to get started:

  • Step One: Sign up to eToro UK, verify your identity
  • Step Two: Select ‘Deposit Funds’ on the home page and choose Bank Transfer as your preferred payment method
  • Step Three: Enter the amount of GBP you wish to deposit and press ‘Continue’
Fund Your Account eToro
  • Step Four: You will be redirected to the below page, copy their details into your Monese app and send the desired amount to their account
eToro Bank Details
  • Step Five: Once your funds have arrived into your eToro account, visit the home page and search for the cryptocurrency you wish to purchase and select ‘Trade’
Buy BTC eToro
Deposit fiat and execute your trade from Monese Bank.

About Monese Bank

Monese Bank is a digital bank that offers a range of banking services to customers in Europe. The bank is headquartered in the United Kingdom and is regulated by the Financial Conduct Authority (FCA). Monese Bank was founded in 2015.

Buy Crypto with Monese Bank

The Monese Digital Bank offers a range of banking services, including personal and business accounts, money transfers, foreign exchange, and loans. The bank also offers a mobile app that allows customers to manage their accounts on the go.

If you're looking for a digital bank that offers a great mobile app and a wide range of banking services, Monese is worth considering. However, it's important to note that Monese is not yet available in all countries in Europe.

Why use eToro?

eToro is the oldest cryptocurrency exchange in the world and was founded in 2008. The reason for its popularity is largely due to the diverse range of assets it offers. In addition to selection of assets, it offers low fees, fast transaction speeds and a highly regarded customer service team.

If you would like to learn more about eToro, you can visit our eToro Review page for a full breakdown of the exchange and its key features.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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