Buy Crypto with NatWest

Buy Crypto with NatWest

A step-by-step guide for NatWest users to securely invest in Bitcoin, Ethereum, and other digital currencies.

Summary: NatWest does not directly offer cryptocurrency trading via its online or mobile banking applications. However, NatWest customers can invest in digital asset projects and protocols by transferring British Pounds (GBP) from their NatWest accounts to an FCA-recognised third-party exchange.

After reviewing various FCA-regulated platforms, our research found that eToro is the top destination for NatWest customers. This exchange operates under the rigorous standards set by the FCA, ensuring a safe ecosystem for instant and cheap GBP transfers from any UK bank. On eToro, users have the advantage of transacting in an expansive array of more than 3,000 crypto assets, stocks, and ETFs, among other offerings.

Top Platform for NatWest Bank
5.0 out of 5.0 by Datawallet
eToro stands out as the best and most trusted platform for NatWest accounts due to its FCA licensing, competitive fees, fast deposits, and diverse trading options in cryptocurrencies and other assets.
Licensing & Regulation
Financial Conduct Authority (FCA), ESMA, CySEC and FINRA.
Available Assets
70+ Cryptos and 3,000 other assets.
GBP Deposit Methods
Bank Transfer, Faster Payments, Debit Card, Credit Card, PayPal and more

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

Content Guide

Can you Buy Crypto with NatWest Bank?

Yes, you can acquire Bitcoin, Ethereum, stablecoins and other cryptocurrencies using your NatWest bank account, debit card, or credit card. To facilitate this, customers need to sign up with a reputable UK cryptocurrency exchange that welcomes deposits in GBP through bank transfers, Faster Payments, BACS, or other provided mechanisms. As NatWest does not handle cryptocurrency transactions directly, it's crucial to choose an exchange overseen by the Financial Conduct Authority (FCA).

How to Buy Bitcoin and Crypto with NatWest 

The safest way to purchase Bitcoin and other digital assets using a NatWest account is via a regulated exchange. This method empowers customers to securely deposit GBP from their NatWest account or card. We advocate for eToro due to its seamless compatibility with NatWest, enabling swift GBP deposits. Adhering to the rigorous guidelines of the Financial Conduct Authority (FCA), eToro boasts an extensive selection of over 3,000 assets and competitive trading fees.

Follow this simple step-by-step guide to buy crypto using a NatWest account on eToro:

  1. Create an account on eToro and verify your identity.
  2. Click on the 'Deposit Funds' option, located at the bottom left of the interface.
  3. Choose 'GBP' and your intended payment method, then transfer funds from NatWest.
  4. After depositing, navigate to the search bar to select and purchase your preferred cryptocurrency.
Buy Crypto with NatWest

What are the Fees? 

The costs involved in purchasing cryptocurrency through a NatWest bank transfer in the UK can fluctuate depending on the selected exchange. Typically, these charges include transaction fees, deposit fees, and withdrawal fees, which might vary based on the specific platform and the digital currency being traded.

We suggest considering eToro for its transparent fee structure. The platform facilitates free deposits using NatWest bank transfers (excluding USD conversion fees), a modest 1% commission on trades, and competitive spreads when trading digital currencies under the UK's regulatory purview. This pricing model often proves to be more cost-effective than other alternatives, like Coinbase, which usually levies both a transaction fee and a spread of around 1.50%.

Is NatWest Crypto-Friendly?

NatWest permits its customers to delve into digital assets such as Bitcoin, Ethereum, Solana, Arbitrum, stablecoins, and other cryptocurrencies, through platforms accredited by authoritative bodies like the Financial Conduct Authority (FCA). You can verify the licensure of a platform independently by reviewing the FCA’s digital asset exchange database.

This arrangement assures that patrons can engage with exchanges that adhere to both British and global standards set to deter financial malpractices, including money laundering and fraudulent activities. By opting for a regulated exchange, NatWest clients can be confident that their forays into cryptocurrencies are not just safeguarded but also fully compliant with legal stipulations.

Bottom Line

In conclusion, while NatWest doesn't offer direct cryptocurrency trading, its customers have the flexibility to invest in digital assets via FCA-approved third-party exchanges. eToro stands out as a top choice, boasting an expansive asset selection, transparent fees, and seamless compatibility with NatWest transfers. 

As digital currency gains traction, it's essential to choose platforms that are compliant with both UK and international regulations, ensuring secure and lawful cryptocurrency transactions. Always remember to check the FCA's database before selecting an exchange platform.

Frequently Asked Questions

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A Guide to Commonly Asked FAQs.

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