crypto friendly bank
Standard Chartered
Headquarters: London, United Kingdom • Founded: 1986
About Standard Chartered
Standard Chartered is ranked #43 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 Standard Chartered safe for crypto?
Is Standard Chartered 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 Standard Chartered support business accounts?
Yes, Standard Chartered supports corporate and business accounts. Startup and business verification is subject to standard AML and company registration checks.
What countries does Standard Chartered operate in?
Standard Chartered operates primarily in United Kingdom, and supports international clients from GB.
What are Standard Chartered's crypto fees?
Monthly account fees are $10. Crypto trading fees are 1.5%.
Can I send crypto directly from Standard Chartered?
No, Standard Chartered only supports fiat bank transfers and does not support on-chain cryptocurrency withdrawals.