Safe Way To Buy Crypto & Bitcoin With MBNA Credit Card
Mike Harry
Apr 2024
4 min to read
Fact checked
Summary: MBNA customers who wish to buy cryptocurrencies like Bitcoin have to use regulated third-party exchanges like eToro. This exchanges is regulated in UK and Europe and is perfect for beginners who want a safe platform to invest in 1,000s of digital assets. Signup today and deposit GBP/EUR free of charge via bank transfer and invest in cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cosmos (ATOM) and many others!
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Can I buy crypto or Bitcoin with MBNA?
It is not possible to buy cryptocurrencies directly from MBNA Bank. It is however possible for customers of MBNA to deposit funds to third-party exchanges like eToro. This exchange is regulated by FCA in the UK and is perfectly easy for beginners to use to begin investing in cryptocurrencies.
How to buy crypto with MBNA
The first step towards buying and selling cryptocurrencies is to sign up for a secure and regulated exchange such as eToro.
For users with a MBNA account or credit card, we recommend signing up to eToro due to its beginner-friendly interface and wide range of cryptocurrencies.
Signing up is quick and free of charge. After successfully signing up, MBNA customers can connect their account to the exchange to freely deposit GBP, EUR and other fiat currencies.
GBP deposits made via bank transfers (ACH) are free of charge, while transfers made via credit/debit cards incur a small fee.
Once the funds have been deposited into the user's account, they can start investing in cryptocurrencies such as Bitcoin, Ethereum, Solana, Cosmos, Polkadot, Cardano, Dogecoin among others.
Signup in two minutes
1. Create Account: Signup and add your identity verification 2. Deposit Funds: Via your MBNA account or credit/debit card 3. Start Buying: Once your deposit has arrived in your account
Can i buy crypto with MBNA credit card?
If you're an MBNA credit/debit card holder interested in to begin investing in cryptocurrencies, we have good news, you can easily and securely buy cryptocurrencies with your MBNA card as long as you use FCA-regulated exchanges.
Does MBNA allow crypto?
Although MBNA does not currently offer any cryptocurrency services, it does not prevent its customers from investing in digital assets like Bitcoin and Ethereum with their own money.
By using regulated cryptocurrency exchanges, MBNA customers can easily and securely buy and sell digital assets like Bitcoin and Ethereum.
Is MBNA crypto friendly?
As with many other UK banks and financial institutions, MBNA does not currently have an explicit cryptocurrency policy.
However, this does not mean that customers cannot access the exciting and rapidly growing world of cryptocurrencies. By using exchanges regulated by the FCA in the UK, MBNA customers can still easily buy and sell cryptocurrencies like Bitcoin and Ethereum.
About MBNA
MBNA was founded in 1982 but since getting acquired by Lloyds Bank in 1993, they have been based in Chester, UK.
MBNA has been a top issuer of credit cards for years and has millions of customers across the UK. The scale of the company's operations is also reflected in its workforce, with over 28,000 employees serving its customers worldwide.
The bank offers a range of credit cards to suit different needs with features such as cashback rewards, balance transfers, and low interest rates.
MBNA Bank also provides online account management and mobile banking services, making it easy for customers to manage their credit card accounts on the go.
While MBNA Bank does not currently offer any cryptocurrency services, its credit cards can be used to purchase digital assets through regulated exchanges.
Over the years, MBNA has introduced an impressive array of 12,000 unique card products. Every day, these cards facilitate 480,000 transactions, finding acceptance at terminals that cater to Visa, Amex, and MasterCard, underscoring their global reach.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.