How to buy Bitcoin & other crypto with your Metro Bank card?
Want to buy Bitcoins, Ethereum or other crypto from Metro Bank? Find out directly in this article how to buy crypto with your Metro Bank account or card.
How to buy crypto with your Metro Bank account?
Thinking about buying crypto with your Metro Bank account? Then first you need and account with a reliable crypto exchange. Below you can see which parties you can go to:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Metro Bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Choose a crypto exchange that suits you. The amount of transaction costs, for instance, is very important when you want to actively speculate. In addition, ease of use is again more important for novice investors.
Activate your account
Before you can buy crypto with your Metro Bank account or Metro Bank Card, you must first activate the account with the crypto exchange. You do this by uploading a copy of your passport and answering some questions. After your account is approved, you can immediately deposit money into your crypto account.
Deposit money with your Metro Bank card
Now that your account is activated, you can immediately deposit money using your Metro Bank card. Keep in mind that exchanges often charge higher fees for deposits with a credit card: these fees can amount to a few percent. Transferring money from your bank account to the crypto exchange is almost always cheaper.
Buying bitcoin or other crypto with your Metro Bank card
You can buy hundreds of different crypto currencies on crypto exchange these days. In this example, I will show you how to buy Bitcoin with your Metro Bank card, but you can of course choose any other crypto.
Enter the amount for which you want to buy the crypto, nowadays this is possible from as little as ten dollars. Then choose the type of order: with a market limit order, you buy the crypto directly at the prevailing price and with a limit order at a set price.
Selling your crypto
When you want to sell the Bitcoin again, you can sell the crypto and have the money transferred back to your Metro Bank account. Make sure you use a reliable and regulated crypto exchange: that way, you won’t experience any problems with your withdrawals.
Some tips for buying crypto at Metro Bank
- Only invest in crypto with money you can afford to lose!
- Spread your investments: that way, you reduce the volatility of your portfolio.
- Do proper research on the crypto you want to invest in.
- You can jam your crypto to an external wallet, this is more secure.
About Metro Bank
Metro Bank is a commercial bank pinned in the UK. The bank is also listed on the London Stock Exchange.
Metro Bank has not put out any clear statements on crypto. In any case, the bank is not anti-crypto and it is possible to deposit money at reliable exchanges.
Can you buy Bitcoin with Metro Bank?
It is currently not possible to buy Bitcoin and other crypto at Metro Bank. However, by linking your account to a crypto exchange, you can still invest in crypto without any problems. At the top of the article, you can immediately see which exchanges you can join!
Over Alex Mostert
Already in 2015 I bought my first Bitcoins for roughly $300, only to sell them shortly after for $900. At the time I thought I benefited from the deal of the century, but I, of course, had no idea Bitcoin would become as popular as it is today. On this website, I want to teach everybody how to buy Bitcoin through their bank.