As Paragon Bank does not sell any cryptocurrencies on its banking platform, their customers have to signup to regulated third-party crypto exchange like eToro.
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Summary: The best way to buy cryptocurrencies like Bitcoin and Ethereum with Paragon Bank is to signup to regulated exchanges like eToro. This platform is by FCA in the UK and offers a great starting point for new crypto investors. Signup today and invest in over 1,000 digital assets including popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and many others!
+3000 Cryptos, Stocks, ETFs
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As Paragon Bank does not sell any cryptocurrencies on its banking platform, their customers have to signup to regulated third-party crypto exchange like eToro.
To buy cryptocurrencies like BTC, ETH, SOL, DOGE, ATOM with Paragon Bank, users must first connect their bank account or credit card to a regulated exchange like eToro.
USD, EUR and GBP bank deposits are free of charge and funds usually arrive within one business day.
Deposits can also be made using credit or debit cards which are instant but come with a small deposit fee.
eToro is super easy to user for beginners and offers a wide range of assets, making it easy for Paragon Bank customers to invest in the crypto market.
This include cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Cosmos (ATOM) and many others!
1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your Paragon Bank or credit/debit card
3. Start Buying: Once your deposit has arrived in your account
While Paragon does not have an official policy on cryptocurrencies, its customers can buy and sell cryptocurrencies through regulated third-party platforms.
And like many other banks in the UK, they provide some basic common sense advice to their clients when it comes to crypto.
Paragon is crypto-friendly in the sense that they don’t restrict their clients from depositing or withdrawing funds from regulated exchanges.
Yes, Paragon Bank customers are allowed to deposit funds with their credit/debit cards to FCA-regulated exchanges to buy cryptocurrencies.
Paragon Bank was founded in 1985 in Solihull, United Kingdom, and is today one of the UKs largest providers of mortgages and personal loans.
By 2014, recognizing the digital trend, Paragon introduced a suite of online savings accounts and lending products, expanding its reach to a wider audience.
As a wholly-owned subsidiary of Paragon Financial Solutions, Inc., the bank's mission centers on catering to the nuanced banking needs of individuals, businesses, and professionals alike.
Central to Paragon Bank's ethos is its specialization as a lender and savings bank, offering tailored products for the UK market.
For customers seeking autonomy in managing their finances, Paragon extends a variety of digital tools, encompassing online banking, mobile banking, and financial calculators.
In essence, Paragon Bank stands out in the UK banking landscape, offering a blend of traditional and digital financial solutions while underscoring the importance of long-term customer relationships.
Their over 1,400 employees take care of over 1.5 million FSCS protected accounts across the UK. The bank has over £13 billion of loans under management and over £9 billion of savings deposits. In 2021 the bank had revenues of over £320 million.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
