When investing in cryptocurrencies such as Bitcoin, Ethereum and Solana with a Virgin Money UK account you will need to go through a cryptocurrency investing platform like the eToro exchange.
eToro is the best cryptocurrency exchange for UK citizens as they offer free and instant GBP deposits, low fees and a large selection of digital assets. In addition to cryptocurrency they also provide stocks, commodities, indices, currencies & ETFs.
- 80+ Cryptos and 8,000+ Stocks, ETFs & Commodities.
- Low trading fees and fast GBP deposits via UK Bank Transfer.
- Regulated and Licensed by the Financial Conduct Authority (FCA).
78% of retail CFD accounts lose money.
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Can I buy Crypto on Virgin Money UK?
You cannot currently buy cryptocurrencies such as Bitcoin or Ethereum directly on the Virgin Money UK platform. You can however buy tokens through a cryptocurrency exchange with funds from your Virgin Money bank account or card.
The best cryptocurrency exchange to purchase Bitcoin and other cryptocurrencies as a Virgin Money user is eToro. eToro has low trading fees, free deposits for GBP, multiple asset classes and cryptocurrency staking available on the platform. If you would like to learn more about eToro and its many features, you can visit our eToro review page.
How to buy Crypto with Virgin Money bank account
Follow the below steps to invest in cryptocurrency with a Virgin Money UK bank account.
Step One: Sign up to eToro, verify your identity and complete the online form
Step Two: Select ‘Deposit Funds’ and choose Bank Transfer as payment method and enter the amount of GBP you want to deposit
Step Three: Shortly you will be redirected to this banking page, simply copy their details into your Virgin Money UK banking app and transfer the funds. Bank transfers may take approximately 4-7 business days to be processed from the time of transfer.
Step Four: 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’
About Virgin Money
Virgin Money is a UK-based bank offering a range of financial services including credit cards, savings, mortgages, and insurance. It is a subsidiary of the Virgin Group, which is owned by Sir Richard Branson. Virgin Money was founded in 1995 and has since grown to become one of the leading financial service providers in the UK. The company is headquartered in Edinburgh, Scotland.
Virgin Money is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). This means that it is safe to use Virgin Money products and services. They offer a wide range of financial products and services to its customers. These include credit cards, savings accounts, mortgages, and insurance. The company also offers a range of business banking services.
Their company has a strong focus on customer service and aims to provide a simple, transparent, and fair experience for its customers. The company has won numerous awards for its products and services.
If you're looking for a UK-based financial institution that offers a wide range of products and services, then Virgin Money could be a good option for you.
Crypto assets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.