How to buy Cryptocurrency with Halifax
As mentioned earlier, the best overall way to invest in cryptocurrencies with a Halifax account in the United Kingdom is with the Uphold platform. They are an FCA-licensed exchange that offers a wide variety of crypto assets to trade, as well as instant deposits from Halifax Bank accounts to trade hundreds of coins, stocks, ETFs and more with low fees.
You can get started in minutes with our simple guide below:
- Open a free account on Uphold with your email address and complete the verification requirements.
- Connect your Halifax Bank account or Credit/Debit card to Uphold by selecting the 'GBP' button on your dashboard.
- You can then select the 'connect bank' button to link your Halifax account to Uphold.
- Find the cryptocurrency you want to buy and execute your trade.
Halifax Bank Crypto Policy
Halifax Bank does not have any banking policies that prohibit its customers from buying and selling cryptocurrencies through regulated trading platforms. This means that you are able to withdraw funds from your Halifax online banking account into a crypto exchange to invest in digital assets.
While there are no banking barriers to buying cryptocurrencies, you should be aware of the potential risks associated with investing in digital assets. Cryptocurrencies are not backed by any government or central bank and their prices can be volatile. You should always consult with a financial advisor to ensure that investing in cryptocurrencies is right for you.
What is Halifax Bank?
Halifax is a bank based in the United Kingdom which is a member of the Bank of Scotland Group. The bank was established in 1853 as the Halifax Permanent Benefit Building and Investment Association. The bank operates a network of over 1,800 branches across the UK. It offers a range of banking services including personal banking, business banking, and investment services.
The bank has been involved in a number of controversies in recent years. In 2016, it was fined £8 million by the Financial Conduct Authority for mis-selling payment protection insurance. In 2017, the bank was fined £60 million by the Bank of England for "serious failings" in its anti-money laundering controls. However, it has recovered since, and in 2022 is ranked as the 8th largest bank in the UK.