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How to buy Crypto with Tesco Bank

How to buy Crypto with Tesco Bank

Andrew Chen
Fact Checked
Jan 12, 2023

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 to buy and sell digital assets.

We recommend the Uphold platform because they are London-based, FCA licensed and offer fast and cheap GBP bank transfers from Tesco Bank. Their exchange allows you to trade over 200 cryptocurrencies with low fees, and they provide a daily audit for proof-of-reserves showing customer funds are always held 1:1.

Table of Contents

Best Crypto Exchange for Tesco Bank

Platform Highlights

  • Trade 210+ Cryptos with fast GBP deposits from Tesco Bank.
  • Regulated in the United Kingdom & Europe and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - Tesco Bank
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Audited Proof of Reserves
Audited Proof of Reserves

How to buy Crypto with Tesco Bank Online

As mentioned above, the best way to buy Bitcoin and Crypto with a Tesco Bank account is through the Uphold trading platform. They offer fast fiat deposits for GBP, EUR, AUD and USD currencies, and industry-leading trading fees. They are our top-pick for investors in the United Kingdom because they are the only platform with a legitimate audit showing 1:1 proof-of-reserves.

If you want to buy Bitcoin with a Tesco online banking account on Uphold, you will need to follow these steps:

  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 Tesco 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 from Tesco Bank
Deposit GBP from Tesco Bank.

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. Tesco believes that cryptocurrency transactions should be safe, secure and compliant with applicable laws.

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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. Visit their website at https://www.tescobank.com/.

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Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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