crypto friendly bank
Barclays
Headquarters: London, United Kingdom • Founded: 1936
About Barclays
Barclays is ranked #18 in the list of largest global banks by assets under management. It serves retail and corporate clients worldwide, offering standard commercial banking, wealth management, and capital markets access. Regarding digital assets, its stance is crypto-friendly, offering integrations with major exchanges and custodians.
Regulations & Trust Profile
Banking License Type
commercial bank license
Licensed/Regulated By
United Kingdom Central Bank
MiCA Compliant (EU)
No / N/A
Deposit Insurance
United Kingdom Deposit Insurance (up to $100,000)
Supported Services & Assets
Fees & Pricing
Account Monthly Fee
$10/mo
Crypto Trading Fee
1.5%
Wire Transfer Fee
$15
Crypto Withdrawal Fee
$5
Pricing Notes: Crypto services may require external account linking.
Pros
- Huge liquidity
- Global network
- FDIC/local deposit protection
Cons
- Rigid traditional structure
- No direct custody of crypto assets
Frequently Asked Questions
Is Barclays safe for crypto?
Is Barclays FDIC insured?
Yes, standard cash deposits are insured under the United Kingdom Deposit Insurance scheme up to $100,000 or local equivalents. However, government deposit insurance schemes do not cover cryptocurrency holdings.
Does Barclays support business accounts?
Yes, Barclays supports corporate and business accounts. Startup and business verification is subject to standard AML and company registration checks.
What countries does Barclays operate in?
Barclays operates primarily in United Kingdom, and supports international clients from GB.
What are Barclays's crypto fees?
Monthly account fees are $10. Crypto trading fees are 1.5%.
Can I send crypto directly from Barclays?
No, Barclays only supports fiat bank transfers and does not support on-chain cryptocurrency withdrawals.