Cryptocurrency Q&A
Is Monzo crypto friendly?
Is Monzo crypto friendly?
Stefano
Fri Mar 29 2024
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7 answers
1442
I've been hearing a lot about cryptocurrencies lately, and I'm considering investing. I've heard that Monzo is a popular bank in the UK, so I'm wondering if they're crypto-friendly. Do they offer any services or features that cater to crypto investors? For example, do they allow you to buy, sell, or hold cryptocurrencies within their platform? And if not, are there any plans to introduce such services in the future? I'd really appreciate it if you could provide some insight into this matter. Thank you!
7 answers
Valentino
Sun Mar 31 2024
This risk-based blocking applies across all transactions, regardless of their nature.
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Elena
Sun Mar 31 2024
Cryptocurrency transactions are not exempted from this process.
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SolitudeSeeker
Sun Mar 31 2024
As a Monzo customer, you have the freedom to use various cryptocurrency exchanges.
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Sara
Sun Mar 31 2024
One of the exchanges you can use is Coinbase, which is a popular and trusted platform.
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NebulaPulse
Sun Mar 31 2024
Like all regulated banks, we occasionally need to block a small number of transactions based on risk assessment.
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