Summary: Lloyds Bank is the second largest banking institution in the United Kingdom. That said, they still do not offer any native services for their clients to buy or sell crypto through Lloyds online banking, or at a bank branch.
Customers of Lloyds Bank will need to sign up to an FCA-licensed cryptocurrency exchange in the UK like to deposit GBP and buy digital assets. If you are looking to get started quickly, we recommend the eToro platform as the UK's most popular multi-asset brokerage.
- 80+ Cryptos and 8,000+ Stocks, ETFs & Commodities.
- Zero fees and fast GBP deposits via Lloyds Bank internet banking.
- Regulated and Licensed by the Financial Conduct Authority (FCA).
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Can I buy Crypto or Bitcoin with Lloyds Bank?
Lloyds Bank does not offer any products or services that enable its customers to buy and sell cryptocurrencies directly through its online banking platform. That said, Lloyds Bank account holders can transfer GBP or EUR from their bank to a Financial Conduct Authority (FCA) licensed exchange to buy and sell digital assets online.
How to buy Crypto with Lloyds Bank online
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 70 cryptocurrencies, stocks, ETFs, commodities and bonds. Their platform also charges zero fees on trades across the eToro exchange.
Follow the simple 4 step guide below to get started:
- Create an account: Sign up to the eToro platform and verify your identity (personal or company).
- Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit GBP or EUR via Lloyds online banking.
- Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the fiat amount you want to buy and execute your trade.
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.
What is Lloyds Bank?
Lloyds Bank is a major UK financial institution, providing banking and financial services to personal, business and institutional customers. The bank has over 1,600 branches across the UK and offers a wide range of products and services including current accounts, savings accounts, mortgages, loans, credit cards and insurance.
Lloyds Bank was founded in Birmingham in 1765 and is now part of the Lloyds Banking Group, which also includes Halifax, Bank of Scotland and Scottish Widows. The group is one of the largest financial services providers in the UK with over 30 million customers.
The bank is committed to helping its customers manage their money wisely and has a number of tools and resources available to help them do this. These include its Money Manager app, which allows customers to track their spending and set budgeting goals, and its financial education website, which provides articles and advice on a range of money-related topics.
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