How to Buy Bitcoin or Crypto with Natwest

As mentioned earlier, the best way to buy digital assets in the UK with a Natwest Bank account is with an FCA-regulated exchange like eToro. They offer the widest variety of deposit methods from Natwest which includes bank transfer, debit card or credit card deposits. You can buy and sell over 80 cryptocurrencies and thousands of alternative assets, making it one of the best multi-asset brokers in Europe.

You can get started in 4 steps:

  1. Create an account on eToro and complete identity verification
  2. Click ‘Deposit Funds’ and 'Bank Transfer' to connect your Natwest Bank account and deposit GBP
  3. Tap the 'Discover' tab and find the crypto asset you want to buy
  4. Enter the amount of money you want to invest and click ‘Open Trade’
eToro Natwest App
Deposit and Trade from Natwest Bank.

Is Natwest Bank Crypto-Friendly?

As digital currencies continue to grow in popularity, more and more banks are beginning to warm up to the idea of supporting them. While some banks have been quick to embrace crypto, others have been slower to come around. So, where does Natwest bank stand on the issue?

At this time, it does not appear that Natwest bank is particularly unfriendly towards cryptocurrencies. This means that they do allow customers to withdraw funds from their accounts to buy and sell digital currencies through regulated exchanges like eToro, Coinbase, Kraken and others.

Crypto Investing Fees

The fees associated with buying crypto assets with Natwest on eToro vary depending on the asset you purchase and the amount of money you invest. Fortunately, eToro is one of the cheapest brokers in the world that charge no upfront trading fees and a small spread between the buy and spell price.

In total, users can expect to pay around 0.5% per trade on the platform, which is significantly lower than alternatives like Coinbase which charge up to 2.49%.

About Natwest Bank

Natwest Bank is a large banking institution in the United Kingdom. It was formed in 1968 through the merger of National Provincial Bank and Westminster Bank. Today, it has over 1,600 branches across the UK and offers a wide range of banking services to both individuals and businesses.

NatWest Bank

Individuals can take advantage of Natwest's personal banking products and services, including savings accounts, current accounts, mortgages, loans, and credit cards. The bank also offers a range of financial planning and investment services. Businesses can benefit from Natwest's business banking products and services, which include business savings accounts, business current accounts, merchant services, foreign exchange services, and lending products.