Can you Buy Crypto with Nationwide?
Yes, customers of Nationwide Bank in the UK can acquire crypto through a secure and compliant method. By selecting a trustworthy and FCA-regulated cryptocurrency exchange in the UK, Nationwide Bank account holders can transfer GBP for purchasing digital assets. We recommend opting for a platform that adheres to the Financial Conduct Authority's regulations to ensure the safety of your investments.
How to Buy Crypto or Bitcoin with Nationwide Bank
As outlined above, to buy cryptocurrencies with Nationwide bank, you will need to go through a secure, regulated and licensed digital asset exchange like eToro. Nationwide bank account holders can deposit funds to eToro via Bank Transfer, Credit/Debit Card, PayPal, Fasterpayments and other methods.
Follow these four easy steps to buy Crypto with Nationwide Bank.
- Visit eToro to sign up and verify your identity.
- Select the 'Deposit Funds' button on the bottom left of your screen.
- Select 'GBP' and your payment method (e.g Bank Transfer) and complete your transfer from Nationwide.
- Complete the deposit and use the funds credited to your account to invest in crypto.
What are the Fees?
When buying cryptocurrency with a Nationwide Bank transfer in the UK, fees can differ based on the chosen exchange platform. Typically, fees include transaction fees, deposit fees, and withdrawal fees, which may vary depending on the platform and the specific cryptocurrency being traded.
We suggest eToro, as they provide free deposits via Nationwide Bank transfers, commission-free trading, and competitive spreads (1%) for trading crypto assets. This fee structure is more affordable compared to popular alternatives such as Coinbase, which generally charges between 1.5% and 2% per trade.
Is Nationwide Bank Crypto-Friendly?
Yes, Nationwide Bank is a crypto-friendly financial institution in the UK. They support their customers' interest in cryptocurrencies by permitting them to deposit funds into FCA-regulated platforms. By allowing these transactions, Nationwide Bank demonstrates its commitment to providing customers with access to diverse investment opportunities, including digital assets, while ensuring compliance with regulatory standards.
Nationwide Bank is a crypto-friendly institution in the UK that enables customers to invest in digital assets through FCA-regulated platforms. While Nationwide doesn't offer direct cryptocurrency trading, they facilitate secure GBP transfers to reputable exchanges like eToro, which boasts a diverse range of cryptocurrencies, stocks, ETFs, commodities, and more.
By choosing a trusted exchange such as eToro, with its competitive fee structure and user-friendly platform, Nationwide Bank account holders can safely invest in the growing digital asset market.