How To Buy Crypto with UBS

    • 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 cryptocurrency trading platform. However, that doesn’t mean you can’t use your UBS account to buy crypto.

All you need is a reliable and trusted cryptocurrency trading platform. 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 UBS

As stated above, just like with the vast majority of banks, you can’t buy crypto with UBS 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 exchange.

However, there are many cryptocurrency exchanges that you can use for buying bitcoin and other cryptocurrencies.

1. Choose a crypto trading platform

While there are a lot of cryptocurrency trading platforms, 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 UBS account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy cryptocurrency

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 UBS

UBS Group AG is a Swiss multinational financial services and investment bank. It was established and based in Switzerland. As the world's largest bank and private bank, UBS Group AG has its headquarters in Zurich and Basel. UBS client service is well-known for maintaining strict confidentiality with clients and a culture of banking secrecy. The Financial Stability Board regards UBS as a global bank with systemic importance because of its strong positions in the Americas, EMEA and Asia Pacific markets.

UBS was created in 1862, as the Bank in Winterthur. It also coincided with the emergence of the Swiss banking sector. In the 1890s, the Swiss Bank Corporation was formed. This private banking syndicate grew thanks to Switzerland's international neutrality. Toggenburger Bank and the Bank of Winterthur combined to form the Union Bank of Switzerland in 1912. The bank grew rapidly following the 1934 Banking Law which codified Swiss banking secrecy. The merger of the two banks, Union Bank of Switzerland and Swiss Bank Corporation (SBC), was the result of decades of intense market competition. UBS stands for Union Bank of Switzerland. UBS is actually the name of one of the more 370 financial companies that has, since 1862 become part of UBS. UBS had suffered severe losses during 2008's financial crisis. The bank implemented an asset recovery program to recover the losses. However, UBS was hit by the 2011 "rogue trader" scandal that resulted in a US$2B trading loss. In 2012, UBS reorientated itself towards wealth management advisory services and decreased its sell side operations.

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