How to Buy Crypto with Natwest UK
Summary: While Natwest UK doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party crypto 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
[Rated 4.2/5 based on 15710 reviews on Trustpilot]
As mentioned above, just like most UK banks, Natwest UK doesn’t offer cryptocurrency trading directly, as setting up a crypto trading platform is quite complex and comes with regulations and extra requirements for the banks.
There are many crypto trading platforms that you can use for buying bitcoin and other cryptocurrencies.
Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.
Table of Contents
How to buy crypto or bitcoin with Natwest UK
There are only 4 steps involved, let’s get started!
1. Choose a cryptocurrency 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 crypto
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 Natwest UK.
About Natwest UK
National Westminster Bank, also known as NatWest is a major UK retail and commercial bank. The merger of National Provincial Bank (now Westminster Bank) and Westminster Bank created it in 1968. It was part of The Royal Bank of Scotland Group and renamed NatWest Group in 2020. The bank was renamed NatWest Holdings in 2020. NatWest Markets is the non-ringfenced investment banking arm. After spending 45 billion pounds ($61.87 million) to bail out NatWest Group in 2008, the British government now owns 48.1%.
NatWest is one of the UK's Big Four clearing banks. It has over 960 branches, 3,400 cash machines and offers 24/7 Actionline telephone and online banking. It has over 7.5 million customers today and 850,000 small-business accounts. It operates in Northern Ireland through the Ulster Bank brand. NatWest won the British Bank Awards 2017 Best Banking App.
NatWest offers a wide range of insurance and banking services to individuals, businesses, and corporations. They also offer the first dedicated bank account that can be opened in Polish and is available for support in English. Your Mortgage Magazine's Best Bank Award for Mortgages has been awarded to the bank 13 times over the past 17 years. This is more than any other lender.
NatWest offers a digital lending platform to SMEs under the name Esme Loans. This service is also available for customers who do not bank with RBS or NatWest. After being created out of the new product development programme NatWest Innovation Cell, Esme Loans began trading on February 17, 2017. It was founded by Richard Kerton and Veronika Lovett.
To serve rural areas in North Wales, Swansea and Carlisle, the bank has "mobile branches", which are converted vans that transport customers to their branch. Customers can conduct banking transactions even if there isn't a branch in their area. After HSBC discontinued its mobile service due to cost, NatWest reintroduced it in Cornwall in 2005.
The first European trial of PayPass contactless debit cards and credit cards was conducted by the RBS Group in 2006. A pilot project by NatWest was the first to test debit cards with fingerprint authentication technology from Gemalto, a Dutch company.
The bank is fully involved in Faster Payments Service. This initiative, which aims to speed up certain payments and was launched in 2008, is fully supported by the bank. In 1989, the bank founded Streamline, a credit and debit card payment processing company. It was merged with Worldpay Group in 2009. Personal account holders over 11 years old can access the NatWest Mobile Banking app. This app allows them to use online banking, a debitcard and a UK mobile number (beginning at 07). Access to emergency cash is possible without the use of a debit card issued by NatWest, RBS or Ulster Bank cash machines.
NatWest is a member the Cheque and Credit Clearing Company and Bankers' Automated Clearing Service, as well as the Clearing House Automated Payment System and LINK Interchange Network. The Prudential Regulation Authority has authorised the bank and it is regulated by both Prudential Regulation Authority (and the Financial Conduct Authority). It is a member the Financial Ombudsman Service and the Financial Services Compensation Scheme, UK Payments Administration, and the British Bankers Association. The bank also subscribes to the Lending Code. National Westminster Home Loans is a member of The Council of Mortgage Lenders. They offer mortgages in England, Scotland, and Wales.
NatWest One is a personal, secured account at the Royal Bank of Scotland.
NatWest Insurance Services acts a broker and intermediary for general insurance policies. Policies are underwritten UK Insurance Limited. National Westminster Life Assurance offers Guaranteed Bond and Life Protector products.
RBS International trades under the name NatWest International in Jersey and Guernsey. NatWest Intermediary Solutions was created in 2010 from RBS Intermediary Partners.
NatWest is often associated with English cricket tournaments. The bank was the title sponsor for English domestic cricket's major limited-overs knockout tournament from 1981 to 2000. It was also known as the NatWest Trophy. The NatWest Series, an annual tournament that included England and two other international teams, was held between 2000 and 2013. NatWest was also the main sponsor for the 1999 Cricket World Cup in England. It has been the shirt sponsor of the England women's and men's cricket teams since May 2017.
The bank sponsored England's 2018 Test series against Pakistan.
NatWest sponsors the Southern Paintball League. This is the most competitive paintball series in south England.
From 1999 to 2019, NatWest was the principal sponsor of the Island Games, also known as the NatWest Island Games.