Can I Buy Bitcoin with NatWest?

NatWest does not directly provide cryptocurrency trading services through its banking platform. However, NatWest customers can still purchase Bitcoin by transferring British Pounds (GBP) to FCA-registered cryptocurrency exchanges based in the UK.

Depositing funds from a NatWest account to these crypto platforms is easy and typically done via Faster Payments or standard bank transfers using NatWest online banking. Once the funds reach the exchange, customers can directly purchase Bitcoin and other cryptocurrencies.

How to Buy Crypto with NatWest Bank

NatWest customers interested in investing in cryptocurrencies can transfer British Pounds (GBP) to trusted cryptocurrency exchanges regulated by the UK's Financial Conduct Authority (FCA).

eToro (UK) Ltd is FCA-authorised (Firm Reference Number: 583263) and accepts deposits via Faster Payments, standard bank transfers, debit cards, and supported e-wallets.

Here’s how you can easily buy cryptocurrency using NatWest and eToro:

1. Create an eToro Account: Sign up on eToro’s website and complete the mandatory Know Your Customer (KYC) identity checks.
2. Transfer Funds from NatWest: Deposit GBP into your eToro account using a Faster Payments transfer or debit card from your NatWest online banking platform.
3. Select Cryptocurrency: Browse eToro’s crypto listings and select your desired asset, such as Bitcoin (BTC) or Ethereum (ETH).
4. Confirm Your Transaction: Specify the GBP amount you intend to invest, carefully verify the transaction details, and confirm your purchase to receive your cryptocurrency instantly into your eToro wallet.

NatWest Cryptocurrency Policy

NatWest maintains a cautious approach towards cryptocurrency due to rising crypto scams, which cost UK consumers around £329 million last year. The bank does not directly offer crypto trading or custody but permits transfers to FCA-registered cryptocurrency exchanges.

To reduce fraud risks, NatWest enforces strict crypto payment limits of £1,000 per day and £5,000 per 30-day period per individual, counting all attempted transactions, including declined payments.

These measures specifically target scams affecting men aged over 35. Cryptocurrency investments remain unregulated by the Financial Conduct Authority (FCA) and are not covered by the Financial Services Compensation Scheme (FSCS). NatWest advises customers to independently verify exchanges, protect wallet passwords, and seek professional financial advice before investing.

Best Alternative Crypto Exchanges for NatWest Customers

NatWest customers looking for trustworthy alternatives to eToro have several FCA-registered cryptocurrency exchanges available in the UK:

• Kraken: FCA-registered (Firm #928768), accepts GBP from NatWest via Faster Payments, BACS, SWIFT, and PayPal. Offers 240+ cryptocurrencies, competitive fees (maker 0.25%, taker 0.40%), advanced Kraken Pro platform, and audited Proof-of-Reserves.
• Bitpanda: FCA-authorised (Firm #925234), supports GBP via Faster Payments, bank transfers, debit cards, Skrill, and Neteller. Provides 250+ cryptocurrencies, fractional stocks, ETFs, and metals, with fees from 2.49% and secure offline storage.
• Coinbase: FCA-registered (Firm #900635), accepts GBP via Faster Payments, bank transfers, debit and credit cards. Lists 240+ cryptocurrencies, fees from 1.49% (lower on Coinbase Advanced), offers a self-custody wallet and 24/7 support.

Consider deposit options, fees, crypto variety, and platform security before selecting an exchange.

About NatWest

NatWest is one of the UK's major retail banks, serving around 19 million customers. It offers everyday banking products like current accounts and credit cards, alongside mortgages, insurance, business loans, and wealth management services. 

As part of NatWest Group, the bank blends traditional branch banking with digital innovation, positioning itself firmly among Britain's financial giants.

Final Thoughts

NatWest’s cautious crypto policy means customers must use FCA-registered exchanges like eToro, Kraken, Bitpanda, or Coinbase to buy Bitcoin and other cryptocurrencies. 

Given NatWest’s strict transfer limits designed to combat fraud, investors should carefully plan transactions to ensure smooth deposits.

Always verify exchange security, fees, and available crypto assets before committing funds, and seek professional advice to manage investment risk effectively.