How to Buy Bitcoin and Crypto with Tesco Bank

The most secure and cost-effective approach to buying cryptocurrencies like Bitcoin using Tesco Bank's is through an FCA-licensed digital asset exchange. As mentioned earlier, the top and most secure option is eToro, a UK-based crypto trading platform that provides free and immediate FPS deposits for trading over 3,000 assets.

Follow this brief and straightforward guide to begin in just a few minutes:

  1. Register for a free account on eToro and complete the onboarding process.
  2. Click the 'Deposit Funds' button located at the bottom left of your screen.
  3. Choose 'GBP' as your currency and select your payment method. Then, initiate the transfer from your Tesco Bank account.
  4. Finalize the deposit and use the search bar to purchase your desired token.
Buy Crypto Tesco Bank

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Can you Buy Crypto with a Tesco Bank Credit Card?

Yes, you can buy crypto with a Tesco Bank credit card. Many major regulated exchanges support credit card deposits, allowing you to conveniently purchase cryptocurrencies using your Tesco credit card. However, always be cautious with fees and interest charges associated with credit card transactions.

Buy Crypto Tesco Credit Card

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Is Tesco Bank Crypto-Friendly?

Yes, Tesco Bank is a crypto-compatible financial institution that allows investors in the United Kingdom to deposit GBP into regulated trading platforms. Based on our analysis, we discovered that FPS deposits into FCA-licensed exchanges are both instant and free. Investors need not be concerned about their bank blocking or freezing a deposit when transferring funds into secure and approved platforms.

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What are the Fees?

eToro does not impose any fees for depositing funds through Tesco Bank's Faster Payments. The sole requirement is that the minimum deposit amount must not be less than £10 or exceed £25,000 per day. Furthermore, the exchange does not levy any trading fees on cryptocurrencies, only a spread fee ranging from 0.9% to 1.2%, depending on the asset being bought or sold.

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Bottom Line

In conclusion, Tesco Bank customers in the UK can conveniently purchase cryptocurrencies through FCA-regulated digital asset exchanges like eToro. By following our simple guide, you can easily deposit funds from your Tesco Bank account or use your Tesco Credit Card to buy Bitcoin and other crypto assets. With eToro's secure platform and competitive fees, UK investors can confidently navigate the world of cryptocurrencies and make well-informed investment decisions.