Can you Buy Crypto with NatWest?

While NatWest does not directly facilitate cryptocurrency trading, customers can still acquire digital assets by connecting their NatWest account to an FCA-licensed crypto exchange in the United Kingdom. To safeguard your investments, we strongly suggest opting for exchanges with proper licensing and regulation, rather than relying on off-shore alternatives.

How to Buy Bitcoin and Crypto with NatWest

As mentioned previously, the most secure and convenient method to invest in crypto assets using your NatWest account is through a regulated broker such as eToro. This approach allows investors to promptly deposit GBP from NatWest via bank transfer, Faster Payments, NatWest Card, debit card, credit card, and various other options.

Here is an easy 4-step guide to begin with our recommended broker, eToro:

  1. Visit eToro to sign up and verify your identity.
  2. Select the 'Deposit Funds' button on the bottom left of your screen.
  3. Select GBP as your currency and your payment method (e.g Bank Transfer) and complete your transfer from NatWest.
  4. Complete the deposit and use the funds credited to your account to invest in crypto.
Buy Crypto with NatWest

What are the Fees to Buy Crypto?

The fees involved in investing in Bitcoin and other digital assets using your NatWest Bank account will vary depending on the platform you choose. Generally, the fees investors should be aware of are the deposit fees, withdrawal fees, spreads, and trading fees.

We recommend that NatWest account holders select eToro to reduce their fees, as it offers free GBP deposits and commission-free trading. The only cost incurred while purchasing digital assets on their platform is the spread, which is a reasonable 1% and more competitive than popular alternatives like Coinbase, which charge over 2%.

Is NatWest Bank Crypto-Friendly?

NatWest Bank demonstrates a crypto-friendly stance, but with specific restrictions in place to protect its customers. The bank allows investors to deposit funds exclusively into FCA-licensed exchanges, ensuring compliance with the Financial Conduct Authority regulations within the United Kingdom. However, NatWest Bank enforces a strict prohibition on depositing funds into off-shore exchanges, such as Binance and Bybit, to maintain the safety and security of its customers' investments.

Bottom Line

In conclusion, NatWest Bank, while not offering direct cryptocurrency trading, supports customers in investing in digital assets through UK-based FCA-licensed exchanges. We recommend eToro as the prime choice for NatWest customers due to its security, cost-efficiency, and diverse trading options. Remember to prioritize regulated exchanges to protect your investments and adhere to NatWest's crypto-friendly policies.