How to Buy Crypto with Barclays Bank
Summary: While Barclays Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party cryptocurrency exchange.
There are plenty of UK crypto exchanges to choose from, we recommend using eToro as the exchange to work with.
They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!
Buy Crypto with eToro
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As mentioned above, just like most UK banks, Barclays Bank doesn’t offer cryptocurrency trading directly, as setting up a crypto exchange is quite complex and comes with regulations and extra requirements for the banks.
There are many cryptocurrency trading platforms that you can use for buying bitcoin and other cryptocurrencies.
You can sign up for an exchange (we will use eToro as our example because it is a trusted and worldwide exchange) and transfer funds to the exchange to trade crypto.
Table of Contents
How to buy crypto or bitcoin with Barclays Bank
There are only 4 steps involved, let’s get started!
1. Choose a crypto exchange
As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.
You can, of course, use any trusted crypto exchange for this, the steps will be very similar for most exchanges.
Let’s get started!
2. Sign up with the trading platform
The first thing to do is to sign up with the platform.
Once you’ve completed the initial sign up process, you’ll have to go through a quick verification process (also known as KYC).
3. Funding your account
Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.
4. Buy cryptocurrency
Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.
And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with Barclays Bank.
About Barclays Bank
Barclays, a British multinational bank with headquarters in London, England, is a multinational multi-national universal bank. Barclays has two divisions: Barclays UK, Barclays International. They are supported by Barclays Execution Services, a service company.
Barclays can trace its roots back to the London-based goldsmith banking company in 1690. James Barclay joined the company in 1736. Barclays and Co was established in 1896 by several banks from London and English provinces including Gurney's Bank and Gurney's Bank. This joint-stock bank became a national bank over the next decades. Barclays installed the first cash dispenser in the world in 1967. Barclays has acquired many corporate assets, including London, Provincial, South Western Bank in 1918 and British Linen Bank 1919. Mercantile Credit was established in 1975. The Woolwich was created in 2000. Lehman Brothers North American operations were also acquired by Barclays in 2008.
Barclays is a primary listed company on the London Stock Exchange. It is also a component of the FTSE 100 Index. It also has a secondary listing at the New York Stock Exchange. The Financial Stability Board considers it a bank of systemic importance. A 2011 paper found that Barclays was the most powerful transnational corporate in terms of ownership and control over global financial stability. State Street Corporation and Axa took the 2nd and 3rd places, respectively. Barclays has operations in more than 40 countries and employs more than 80,000 people. It is Europe's fifth-largest bank by total assets.
Barclays UK includes British retail banking operations, the consumer credit card business, wealth management and corporate banking for small- and medium-sized UK businesses. Barclays International consists primarily of Barclays Corporate and Investment Bank, formerly known as Barclays Capital, and the Consumer, Cards & Payments Business. The investment banking business offers advisory, financing, and risk management services for large businesses, institutions, and government clients. It is the primary dealer in U.S. Treasury securities, Gilts and other European Government bonds.
Barclays has more than 4,750 branches across 55 countries, with approximately 1,600 in the United Kingdom. Barclays offers personal banking services in the UK through branches of The Post Office. Barclays branches offer 24/7 ATMs. Barclays customers, as well as customers of other banks, can use ATMs at no cost in the UK. However, fees may be charged in other countries. Barclays is a member the Global ATM Alliance, which allows customers of all international banks to use their ATMs or debit cards at any other member banks without incurring ATM access fees.
Barclays signed a 20-year agreement for $400 million in naming rights for the Barclays Center, Brooklyn, New York City. This is the home of the Brooklyn Nets basketball club. The deal was renegotiated to $200million two years later due to economic slump.
The 2008 Dubai Tennis Championships were sponsored by Barclays.
Barclays sponsored the Barclays Cycle Hire Scheme in London, from its inception in 2010, to 2015 as part of a PS25 Million deal with Transport for London.
Barclays has been a title sponsor of Premier League since 2003-04, when it began its sponsorship.