Summary: Tesco Bank does not offer any cryptocurrencies services through their Tesco Online Banking platform, or at a bank branch.
This means that Tesco customers will need to sign up to a Financial Conduct Authority (FCA) regulated exchange like eToro UK to buy digital assets with GBP deposits.
- Fast and cheap GBP deposits from any UK Bank.
- Licensed by the Financial Conduct Authority (FCA) and ESMA.
- 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities.
78% of retail CFD accounts lose money.
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How to buy Crypto with Tesco Bank Online
The best way to buy Bitcoin and Crypto with a Tesco Bank account is through the eToro trading platform. They offer fast fiat deposits for GBP, EUR, AUD and USD currencies, and completely free trading fees.
If you want to buy Bitcoin with a Tesco online banking account on eToro, you will need to follow these steps:
- Create an eToro account.
- Verify your personal or company identity.
- Connect your Tesco Online Banking account and deposit GBP, EUR or USD.
- Select the 'Discover' tab on your Dashboard and buy any of the assets available on eToro.
- Input the amount you want to buy and select 'Trade'.
Tesco Bank Cryptocurrency Policy
Tesco is a crypto-friendly bank in the UK that allows their customers to deposit and withdraw from licensed cryptocurrency exchanges and wallets.
Tesco customers are not at risk of having their funds frozen if they buy Bitcoin or Crypto through their bank accounts.
About Tesco
Tesco Bank is a British financial services company headquartered in Edinburgh, Scotland. The company offers a range of personal finance products including savings accounts, mortgages, credit cards, and insurance. Tesco Bank is part of the Tesco PLC group of companies and was founded in 1997.
Tesco has over 7 million customer accounts and employs over 3,500 people. The company has a strong focus on customer service and offers 24/7 support via phone, online chat, and email. Tesco Bank has won numerous awards for its products and services, including being named 'Best Mortgage Provider' by Moneyfacts in 2018.
If you're looking for a reliable and trusted financial services provider, Tesco Bank is definitely worth considering.
Crypto assets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
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