Virgin Money does not offer the ability to buy cryptocurrency directly through its online banking platform. However, you can use a regulated exchange in Australia and fund your investment with money from your Virgin Money bank account.
Unsure about where to buy?
Where Virgin Money customers can buy crypto
On website
Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.
Highlights
- Access thousands of assets across multiple categories.
- Copy trades of popular investors that trade Crypto.
- Access powerful analysis tools and innovative social features.
Pros
Cons
On website
Highlights
- Receive $10 worth of BTC when you sign up and verify your account.
- Trade over 300 assets on Swyftx including Bitcoin, Ethereum, Ripple and Litecoin as well as DeFi coins such as UniCoin.
- Deposit or withdraw funds from your account using several payment methods (PayID, OSKI, POLi or bank transfers).
- New to Crypto? Try Swyftx's demo mode, it allows you to mock trade with no financial risk while you learn the ropes of crypto trading.
Pros
Cons
On website
Highlights
- Sign up on Binance Australia to get a 100 USDT cashback voucher. Terms and Conditions apply.
- World's largest crypto exchanges.
- Buy, sell, trade, and stake 1,000s of crypto coins and trading pairs.
- Zero-fee deposit via PayID or Osko from Australia.
Pros
Cons
Still not sure?
FAQs
Can you buy crypto directly with Virgin Money?
Virgin Money does not have its own direct retail platform for cryptocurrency. This means that you cannot buy crypto directly with Virgin Money. However, you can use your Virgin Money bank account or debit card to buy crypto through a third-party platform such as a cryptocurrency exchange or brokerage. To do this, you will need to transfer funds from your Virgin Money account to the platform and then use those funds to buy the cryptocurrency of your choice. It is vital to carefully research the platform you are using and only invest what you can afford to lose.
Does Virgin Money block crypto-related transactions?
Virgin Money does not block cryptocurrency transactions, and customers can use their Virgin Money accounts to buy crypto through third-party platforms.
Can Virgin Money bank accounts be used to buy crypto?
Virgin Money does not offer a direct crypto retail platform, but you can transfer funds from a Virgin Money bank account or card to an exchange or brokerage where you can buy crypto.
Can Virgin Money credit cards be used to buy crypto?
No. Virgin Money's credit card terms and conditions state that their credit cards are blocked from making any crypto-related purchases.
Can Virgin Money debit cards be used to buy crypto?
Yes, it is possible to use a Virgin Money debit card to buy cryptocurrency at an exchange. Not all exchanges or brokerages accept debit card deposits, and those that do may charge additional fees.
Further details
Virgin Money's crypto policy
Virgin Money's approach to cryptocurrency is typical of most Australian banks: conservative. They explicitly state that their customers cannot use a Virgin Money credit card "to invest in shares or other financial products or for cryptocurrency related transactions" in their terms and conditions. However, they do not block bank transfers to exchanges.
