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How to Buy Crypto with Santander Bank

How to Buy Crypto with Santander Bank

Learn how Santander Bank enables GBP transfers to buy crypto on FCA-registered exchanges like Bitcoin and Ethereum.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Summary: Santander Bank does not offer direct cryptocurrency investments through its banking services. However, it allows account holders to transfer GBP to exchanges regulated by the UK's Financial Conduct Authority (FCA). 

Santander customers interested in digital assets may find eToro appealing due to its FCA registration. It enables quick GBP deposits through bank transfers and debit cards. With more than 4,500 cryptocurrencies, stocks, commodities, and ETFs.

Top Platform for Santander Bank
5.0 out of 5.0 by Datawallet
eToro is the top crypto trading platform for Santander Bank customers due to its secure, regulated investment environment, low fee transactions, and competitive spreads.
Licensing & Regulation
The Financial Conduct Authority (FCA) in the UK.
Available Assets
70+ Cryptos and 4,500 other assets.
Deposit Methods
Bank Transfer, SEPA Transfer, Debit Card, and more.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

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Can I Buy Crypto with Santander Bank?

Yes, Santander Bank enables clients to invest in major cryptocurrencies like Bitcoin, Ethereum, and Solana. The bank supports fund transfers to digital asset exchanges in the UK registered with the Financial Conduct Authority (FCA). For those interested in digital currencies, Santander offers convenient British Pound deposit options, including bank transfers, BACS, Faster Payments, and debit card transactions.

How to Buy Crypto with Santander Bank

‍Santander Bank customers can use eToro to invest in more than 4,500 cryptocurrencies, stocks, and ETFs. eToro complies with the Financial Conduct Authority (FCA) guidelines and accepts GBP transfers from Santander accounts, including bank transfers, Faster Payments, credit cards and debit cards.

Here's how to begin digital currency trading with Santander:

  1. Account Creation: Start by registering an account on eToro and follow the necessary verification procedures.
  2. Adding Funds: Go to the 'Deposit' area on eToro, usually found in the lower-left part of the screen. Add funds to your account from here.
  3. Choosing Currency and Payment Method: Select 'GBP' as your currency and pick a payment method linked to your Santander Bank account.
  4. Investing in Cryptocurrency: After confirming your deposit, use the search feature to locate and invest in your chosen asset.
Buy Bitcoin and Crypto with Santander

What are the Fees?

Santander Bank clients looking to invest in Bitcoin and other cryptocurrencies should be aware of the various fees involved in using trading platforms. These typically include charges for deposits, withdrawals, trading commissions, and spreads, which is the difference between buying and selling prices. 

For Santander customers, eToro offers an affordable option. It supports GBP deposits through Faster Payments and BACS from Santander Bank accounts and maintains reasonable trading fees. eToro's dynamic spread fee is usually around 1%, which is generally lower than platforms like Coinbase, where fees can exceed 2%.

Is Santander Crypto-Friendly?

Yes, Santander maintains a balanced stance on cryptocurrency investments. The bank allows clients to transfer GBP through debit cards and bank transfers to recognised digital asset exchanges, especially those regulated by the UK's Financial Conduct Authority (FCA). 

This policy offers Santander customers a secure and regulated way to explore digital currency investments. By adhering to FCA guidelines, Santander ensures a reliable way for investors aiming to diversify their portfolios into cryptocurrencies while staying compliant with local financial regulations.

Santander Bank

Bottom Line

In conclusion, Santander does not offer direct crypto investments but enables seamless GBP transfers to FCA-registered digital asset exchanges like eToro. Its diverse asset portfolio, user-friendly interface, unique features, regulatory compliance and fee structure, makes it an attractive option for Santander clients aiming to diversify their investments.

Frequently Asked Questions

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What fees are involved in purchasing crypto with Santander Bank?

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