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webgalaxy
1-2 years

Is it possible to deposit cryptocurrencies such as Bitcoin or USDT into my SCB account?

Broker Issues
SCB
Withdrawal
Deposit
08-24
United States
WikiFX
Reply

As an experienced trader who thoroughly vets any broker before even considering an account, I have to emphasize my caution regarding SCB. Based on my personal research and careful review of their available products and services, I have found no clear indication that SCB offers retail brokerage or traditional forex trading, much less cryptocurrency deposits. Their business focuses almost entirely on low-carbon commodities and sustainability consulting, with no explicit mention of direct cryptocurrency handling like Bitcoin or USDT for account funding. Furthermore, the severe regulatory red flags—such as the loss or expiration of both FCA and NFA licenses—raise serious concerns for me about the safety of any potential deposit, let alone digital assets, which are inherently riskier and harder to recover in case of disputes. Their website and customer communications offer limited transparency around deposit methods, and I would never proceed without clear, regulated avenues for both deposits and withdrawals. In my view, the lack of information and the high regulatory risk means I would not consider SCB a viable option for anything resembling crypto-based trading operations or deposits. Without regulatory clarity, using cryptocurrencies with SCB is simply not something I can verify as possible or safe based on my years of trading experience.

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