How To Buy Crypto with Barclays Bank

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a crypto trading platform. However, that doesn’t mean you can’t use your Barclays Bank account to buy crypto.

All you need is a reliable and trusted cryptocurrency exchange. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.

Buy Crypto with eToro

How to buy crypto or bitcoin with Barclays Bank

As stated above, just like with the vast majority of UK banks, you can’t buy crypto with Barclays Bank on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a cryptocurrency trading platform.

However, luckily for us, there are plenty of crypto trading platforms to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

1. Choose a crypto exchange

While there are a lot of crypto exchanges, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).

Let’s get into it!

etoro crypto

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your Barclays Bank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy crypto

Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.

And that’s it, you now have some crypto, congratulations!

Buy Crypto with eToro

 

 

About Barclays Bank

Barclays is a British multi-national universal bank headquartered in London. Barclays is a bank that operates in two divisions, Barclays UK & Barclays International. It is supported by Barclays Execution Services.

Barclays' roots can be traced back to the London goldsmith bank, which was established in the City of London around 1690. James Barclay was made a partner in the firm in 1736. Barclays and Co. was formed in 1896 when several banks in London and English provinces, such as Gurney's Bank and Backhouse's Bank, merged to form a joint-stock bank. The bank grew over the decades and became a nationwide institution. Barclays introduced the first cash dispenser to the world in 1967. Barclays made many corporate acquisitions including London's Provincial and South Western Bank, British Linen Bank, British Linen Bank, and British Linen Bank in 1919. Mercantile credit in 1975. Woolwich in 2000. Lehman Brothers North American operation in 2008.

Barclays has a primary London Stock Exchange listing and is a component of the FTSE 100 Index. It is also listed on the New York Stock Exchange as a secondary stock exchange. Financial Stability Board has designated it as a bank that is of critical importance to the system. [6] A paper from 2011 stated that Barclays was considered the most powerful transnational bank in terms ownership and corporate control over global financial stability. State Street Corporation took 2nd place and 3rd, respectively. Barclays is Europe's fifth largest bank, with over 80,000 employees and operations in 40 countries.

Related Posts: