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How to Buy Crypto with First Direct Bank

How to Buy Crypto with First Direct Bank

Alysha Jane
Fact Checked
Feb 4, 2023

Summary: First Direct is a leading UK-based bank that offers banking services to individuals and businesses. First Direct Bank does not directly offer any services to buy Cryptocurrencies like Bitcoin on their online banking platform, or at a bank branch.

The only way to invest in digital assets from your First Direct account is by depositing GBP into a FCA-licensed cryptocurrency exchange in the UK. We recommend the Uphold platform because they offer instant and free GBP deposits from First Direct to trade over 250 cryptocurrencies with zero fees.

Table of Contents

Best Crypto Exchange for First Direct Bank

Platform Highlights

  • Trade 220+ Cryptos, Stocks, Fiat Currencies, Precious Metals and more from First Direct Bank.
  • Free and instant GBP deposits via Bank Transfer and SEPA.
  • Regulated and Licensed by the Financial Conduct Authority (FCA).
Uphold - First Direct Bank
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Audited Proof of Reserves
Audited Proof of Reserves

How to buy Crypto with First Direct

The easiest way to invest in cryptocurrencies through First Direct is by signing up to a platform like Uphold UK. They offer fast and cheap GBP deposits from First Direct Bank for UK residents to buy, sell and trade Cryptocurrencies, Stocks, ETFs, Commodities and more.

You can get started from First Direct online with this simple guide:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (GBP + 30 more).
  3. Deposit Funds: Connect your First Direct Bank account to quickly deposit your selected fiat currency.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Deposit GBP Instantly from First Direct Bank.
Deposit GBP instantly from First Direct Bank.

First Direct Cryptocurrency Policy

First Direct Bank is a crypto-friendly financial institution in the United Kingdom. They do not have any policies that phohibit its customers from trading or engaging with the digital asset ecosystem. First Direct customers just need to avoid depositing GBP or EUR into off-shore exchanges that aren't licensed by the Financial Conduct Authority (FCA) in the UK.

What is First Direct Bank?

First Direct was founded in 1989 and is headquartered in Leeds, England. The bank employs over 4,000 people and serves over 1.5 million customers. First Direct is part of the HSBC Group, one of the world's largest financial services organizations. First Direct Bank offers a wide range of personal banking products and services, including savings accounts, current accounts, mortgages, loans, and credit cards. The bank has a strong focus on customer service and offers a 24/7 helpline for its customers. The bank also has a mobile app that allows customers to manage their finances on the go.

The bank was founded in 1989 and is headquartered in Leeds, England. The bank employs over 4,000 people and serves over 1.5 million customers. First Direct Bank is part of the HSBC Group, one of the world's largest financial services organizations.

First Direct
First Direct UK.

Final Thoughts

In conclusion, First Direct Bank is a crypto-friendly financial institution in the UK that does not offer any direct services for buying cryptocurrencies. The easiest way for First Direct customers to invest in digital assets is by depositing GBP into a FCA-licensed cryptocurrency exchange like Uphold. Uphold offers a wide range of cryptocurrencies, stocks, ETFs, and other assets with low fees, instant GBP deposits, and is regulated by the FCA. The fees to deposit GBP from First Direct to Uphold are completely free when using a bank transfer, making it a cost-effective option compared to other platforms.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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