Home
»
Crypto Banks
»
How to Buy Bitcoin or Crypto with Shawbrook Bank

How to Buy Bitcoin or Crypto with Shawbrook Bank

Karen Tren
Fact Checked
Sep 27, 2022

Summary: Shawbrook Bank does not offer any products or services which enable its clients to buy and sell cryptocurrencies. This means customers will need to transfer funds from their Shwabrook login to an FCA-licensed broker in the UK.

For investors looking to get started quickly, we recommend the eToro UK platform. They offer instant and cheap GBP transfers from Shawbrook Bank to trade over 80 cryptos and thousands of stocks, ETFs, commodities and other assets.

Table of Contents

Best Shawbrook Bank Crypto Broker

Platform Highlights

  • Fast and cheap GBP deposits directly from Shawbrook Bank.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • Trade 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities for low fees.
78% of retail CFD accounts lose money.

How to Buy Crypto with Shawbrook Bank online

The easiest way to invest in Bitcoin, Ethereum and other cryptocurrencies with a Shawbrook Bank account is with a Financial Conduct Authority (FCA) licensed exchange. With this method, you can deposit fiat (GBP, EUR, USD) into a brokerage platform via bank transfer, debit card, credit card or PayPal.

You can get started in 4 simple steps with a trusted broker like eToro:

  • Step 1: Sign up to the eToro platform and verify your identity
  • Step 2: Select the 'Deposit Funds' button on the bottom of your screen.
  • Step 3: Select Bank Transfer and the fiat currency you want to transfer from your Shawbrook Bank account (e.g GBP).
  • Step 4: Once the fiat arrives in your account, find the coin you want to buy and execute your trade.
Shawbrook Bank eToro
Deposit GBP from Shawbrook Bank to trade thousands of assets.

Shawbrook Bank Crypto Policy

Shawbrook Bank has recently reviewed their policy on crypto assets and are no longer allowing customers to use credit cards to purchase cryptocurrency. This is in line with their risk mandates and they believe this is the best course of action for Shawbrook customers and the bank.

Shawbrook customers are still able to hold cryptocurrency that they already own. Also, customers can use bank transfers and debit cards to fund licensed exchanges to buy and sell any cryptocurrency.

Shawbrook Bank Savings Accounts

Shawbrook Bank offers a range of competitively priced savings accounts to suit your individual needs. Their easy-access savings account gives you instant access to your money, while their notice and fixed rate accounts offer higher interest rates in return providing notice before withdrawing your deposit.

They also offer a junior savers account for young people aged 11-17, as well as a range of Islamic savings accounts that comply with Sharia law. All savings accounts on Shawbrook Bank yield up to 3.47% for 7 Year Fixed Rate Cash ISAs. For more information about their interest rates, visit their savings guide.

About Shawbrook Bank

Shawbrook Bank is a commercial bank in the United Kingdom that specializes in providing loans, savings accounts, and other financial services to individuals and businesses. The bank was founded in 2011 and is headquartered in London. Shawbrook Bank has a network of branches across the UK.

Shawbrook Bank

The bank offers a range of personal banking products and services including loans, savings accounts, and credit cards. Shawbrook Bank also offers business banking products and services such as loans, overdrafts, and merchant services.

Shawbrook Bank is a member of the British Banking Association (BBA) and is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. The Bank is a deposit-taking institution and as such, deposits are protected by the Financial Services Compensation Scheme (FSCS) up to a limit of £85,000 per person. Shawbrook Bank is also a member of the Financial Ombudsman Service (FOS).

Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

Twitter
View Posts