Lloyds Bank is the second largest banking institutions in the United Kingdom, just behind HSBC. They still do not offer any native services for their clients to buy or sell cryptocurrency through Lloyds online banking, or at a bank branch.
Customers of Lloyds Bank will need to sign up to a regulated exchange in the UK like eToro to deposit GBP and buy Crypto.
Table of Contents
How to buy Crypto with Lloyds Online Banking
The best way to buy Bitcoin and crypto with Lloyds Bank in the United Kingdom is through eToro UK. They offer fast and cheap GBP deposits from a Lloyds Bank account for you to start trading over 50 cryptocurrencies, stocks, ETFs, commodities and bonds. Their platform also charges zero fees on trades across the eToro exchange.
Follow the simple guide below to get started.
- Sign up to eToro UK
- Deposit GBP via Bank Transfer from Lloyds Bank
- Find the cryptocurrency you want to buy
- Input the GBP and select 'Buy' to invest
Is Lloyds Bank Crypto Friendly?
Lloyds Banking Group has only banned cryptocurrency purchases from Lloyds Bank Credit Cards. Outside of this, there are no policies that prohibit account holders from buying, selling or trading digital assets from regulated exchanges or brokers.
This means that Lloyds Bank is a crypto-friendly financial institution that will allow you to freely deposit and withdraw fiat from licensed platform.