Summary: Virgin Money does not currently offer cryptocurrency investing services through its online banking platform. That said, they do allow customers to withdraw funds from their bank account to a Financial Conduct Authority (FCA) licensed exchange to buy and sell digital assets.

Our top pick for Virgin Money customers in the UK is Uphold. They are a London-based exchange that is licensed by the FCA and offers instant and cheap GBP deposits from Virgin Money Bank. The platform offers over 250 cryptocurrencies with low fees and native crypto staking features to earn interest on deposits.

Best Crypto Exchange for Virgin Money Bank

Platform Highlights

  • Trade over 250 Cryptocurrencies with zero fees and tight spreads.
  • Free and instant GBP deposits via Bank Transfer and SEPA.
  • Regulated and Licensed by the Financial Conduct Authority (FCA).
Uphold - Virgin Money Bank
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Table of Contents

Can you Buy Crypto with Virgin Money?

Certainly, Virgin Money customers can venture into the digital currency landscape using UK-authorized crypto exchanges that are endorsed by the Bank of England, facilitating GBP transactions via Virgin Money bank accounts or affiliated credit cards. These platforms maintain a robust standing in the UK, duly acknowledged and offering a secure, regulated framework for managing the intricate realm of cryptocurrency investments and trade.

How To Buy Bitcoin and Crypto with Virgin Money

Based on our research and analysis of over 50 exchanges, we found that the best way to buy cryptocurrencies with a Virgin Money account was through Uphold. Their platform offers instant and free GBP deposits from Virgin Money accounts to trade over 250 cryptocurrencies with zero fees. Uphold is FCA-licensed and London based, making them the most secure option for investors in the country.

You can get started from your Virgin Money account in minutes with our simple guide:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (GBP + 30 more).
  3. Deposit Funds: Connect your Virgin Money Bank account to quickly deposit your selected fiat currency.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Buy Crypto with Virgin Money
Buy Crypto with Virgin Money.

Is Virgin Money Crypto-Friendly?

Yes, Virgin Money is a crypto-friendly bank that allows customers to buy and sell digital assets through Financial Conduct Authority regulated exchanges. This means that customers do not need to be concerned about the bank freezing or blocking withdrawals when using licensed exchanges like Uphold, Coinbase, Kraken and other reputable platforms.

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.

Virgin Money Bank
Virgin Money Online Banking.

Final Thoughts

In conclusion, Virgin Money does not directly offer cryptocurrency services, but it does support its customers in their digital currency transactions through its compatibility with FCA licensed exchanges, like Uphold. Virgin Money customers can swiftly deposit GBP from their accounts into these platforms and begin trading over 250 cryptocurrencies, securely and with ease.

Uphold, our top recommendation, offers fee-free transactions and the ability to earn interest through crypto staking, all under the safety net of FCA regulations. Hence, Virgin Money is indeed a crypto-friendly bank, bridging traditional banking with the dynamic world of digital currency for their customers' investing needs.

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.