How to Buy Crypto or Bitcoin with Nationwide Bank

To buy cryptocurrencies with Nationwide bank, you will need to go through a secure, regulated and licensed digital asset exchange like Uphold. Nationwide bank account holders can deposit funds to Uphold via Bank Transfer, Credit/Debit Card, Apple Pay, Google Pay & SEPA. Follow these four easy steps to buy Bitcoin with Nationwide Bank.

  1. Create a free account on Uphold with your email and complete the verification requirements.
  2. Connect your Nationwide Bank account or card to Uphold by selecting the 'GBP' button on your dashboard.
  3. You can then select the 'connect bank' button to link your Nationwide account to Uphold.
  4. Find the cryptocurrency you want to buy and execute your trade.
How to Buy Crypto or Bitcoin with Nationwide Bank.

Cryptocurrency Investing Fees

Before investing in cryptocurrencies, it’s important to understand the fees that are involved. Generally speaking, most exchanges will typically charge three fees (in some cases 4-5) which are the deposit, withdrawal and trading (buying/selling) costs. 

With Uphold, there are zero deposit or withdrawal fees for Nationwide Bank users. The exchanges primary cost is their crypto trading fee which is between 0.9% - 1.2% depending on the asset. This is considerably lower than other crypto exchanges which charge 1% - 2%.

Uphold: Fees Schedule.

Are there any risks involved in purchasing crypto?

When it comes to purchasing cryptocurrencies, it is important to understand the potential risks involved. First and foremost, they are not backed by any government or central authority, making them highly volatile and susceptible to market fluctuations. Additionally, there have been numerous instances of cyber attacks on exchanges where individuals have lost their funds.

Furthermore, regulations surrounding cryptocurrencies are constantly changing and vary on a global scale, making it difficult to protect your investments. Finally, because the technology behind cryptocurrencies is relatively new and constantly evolving, there may be unforeseen technical issues that could impact the value of your assets.

Overall, while buying cryptocurrencies can potentially yield high returns, it is important to consider the potential risks before investing. It is always advisable to do thorough research and consult a financial advisor before making any major decisions.

What is Nationwide Building Society Bank

Nationwide Building Society Bank is one of the largest banks in the UK, with over 15 million members and assets totaling over £200 billion. Nationwide offers a full range of banking services, including current accounts, savings accounts, mortgages, loans, credit cards, and insurance products. The company prides itself on its customer-focused approach and commitment to ethical business practices.

In 2019, Nationwide was ranked as the top building society in Britain for customer satisfaction. Additionally, Nationwide has received recognition for its sustainability initiatives such as promoting renewable energy and reducing carbon emissions. Overall, Nationwide Building Society Bank is a trusted provider of financial services for individuals and businesses.