Crypto Banks
How to buy Bitcoin with Co-Operative Bank

How to buy Bitcoin with Co-Operative Bank

Fact Checked
February 3, 2023
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Summary: It is not possible to buy Cryptocurrencies directly through the Co-Operative online banking portal. The only way to invest in Crypto like Bitcoin with a Co-Op Bank account is by depositing GBP into an FCA-licensed digital asset exchange.

If you are looking to get started quickly, our team recommends using Uphold as they offer free GBP deposits from Co-Operative Bank accounts to trade over 250 Cryptocurrencies. The platform is licensed and regulated by the Financial Conduct Authority in the UK and is based in London.

Table of Contents

Best Crypto Exchange for Co-Operative Bank Users

Platform Highlights

  • Buy and sell 250+ Cryptocurrencies with zero trading fees.
  • Free and instant GBP deposits via Bank Transfer and SEPA.
  • Regulated and Licensed by the Financial Conduct Authority (FCA).
Uphold - Co-Operative Bank
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Crypto on the Co-Operative Bank?

Similar to most major UK banks, the Co-Operative Bank regrettably does not support the option to purchase Cryptocurrencies directly on their platform.

However, Co-Op Bank customers can buy Crypto with the funds in their account by going through a trusted and regulated digital asset exchange like Uphold. Uphold is widely regarded to be the most secure and trusted Cryptocurrency trading platform in the UK and provides audited proof of reserves that shows users' funds are always held 1:1.

How to buy Crypto with the Co-Operative Bank

If you want to buy Bitcoin with your Co-Operative Bank account, we recommend using one of the most trusted and secure cryptocurrency exchanges in the world, Uphold. Co-Operative Bank customers can deposit GBP to Uphold via a variety of payment methods including Bank Transfer, SEPA, Google Pay, Apple Pay & Credit/Debit Card. Follow the below steps to get started.

  1. Sign Up: Create a free account on Uphold and complete the verification process.
  2. Connect Account: Select the currency you want to deposit on the Uphold Platform.
  3. Deposit Funds: Connect your Co-Op 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.
How to buy Crypto with the Co-Operative Bank.
How to buy Crypto with the Co-Operative Bank.

Co-Operative Bank Cryptocurrency Policy

The Co-Operative Bank is yet to release an official statement on its Cryptocurrency stance but has stated that all transactions going into Binance will not be approved. This is not because they're against Cryptocurrencies, this is simply because they wish to protect their user's assets from unregulated exchanges like Binance.

If you are a Co-Operative Bank account holder, you have no reason to worry about investing in Cryptocurrencies. Your funds will not get frozen and all Crypto-related transactions are fine as long as you use a regulated and FCA-licensed exchange like Uphold.

About Co-operative Bank

Co-operative Bank is a bank in the United Kingdom that offers banking services to personal, business, and commercial customers. The bank was founded in 1872 as the Manchester & Salford Equitable Pioneers Society. The Co-operative Bank has its headquarters in Manchester, United Kingdom. As of March 2022, the bank had around 1 million customers and approximately 4,000 employees.

Co-operative Bank.
Co-operative Bank.

Final Thoughts

While it is not possible to buy Crypto directly on the Co-Operative online banking platform, customers can get started quickly by using a trusted and regulated digital asset exchange like Uphold.

We believe that Uphold is the best option for Co-Op Bank customers as they offer free GBP deposits and are fully licensed by the Financial Conduct Authority. If you would like to learn more about this exchange, visit our detailed Uphold Review.

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

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