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How to buy Crypto or Bitcoin with Yorkshire Bank

How to buy Crypto or Bitcoin with Yorkshire Bank

Alysha Jane
Fact Checked
Sep 24, 2022

In this quick and simple guide, we show UK investors how to buy bitcoin and other cryptocurrencies with a Yorkshire Bank account.

Simply connect your Yorkshire Bank account to a secure, regulated and licensed cryptocurrency exchange like eToro. Get started within minutes and begin trading multiple asset classes on eToro. 

Table of Contents

Platform Highlights

  • 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.

Can I Buy Bitcoin on Yorkshire Bank?

Unfortunately, most major UK banks do not have the option to invest in cryptocurrencies such as bitcoin directly on the platform. This is because the regulations and licensing required to operate a cryptocurrency exchange are far more difficult to acquire than a traditional banking platform. 

Not to worry, Yorkshire Bank holders can still purchase bitcoin through a centralised cryptocurrency exchange like eToro. eToro has been in operation since 2007 and is one of the most established multi-asset brokerages in the world. In addition to buying cryptocurrencies, investors can also purchase stocks, commodities, currencies and much more. 

How to Buy Crypto or Bitcoin with Yorkshire Bank

Investing in Bitcoin and other cryptocurrencies like Ethereum and Tether has become easier than ever when using a trusted and secure cryptocurrency investing platform like eToro. The whole process from signing up to buying Bitcoin should only take a maximum of 10 minutes.

Follow the below steps to buy Bitcoin with a Yorkshire Bank account. 

Step One: Sign up to eToro, verify your identity and complete the questionnaire
Step Two:
Find ‘Deposit Funds’ and choose ‘Bank Transfer’ as the method, then enter the amount of GBP you want to deposit

Fund Your Account - Bank Transfer on eToro

Step Three: Copy eToro's bank details into your Yorkshire banking app and transfer the funds

Bank Details Page on eToro

Step Four: Once your funds have arrived in your eToro account, visit the home page and search for the cryptocurrency you wish to buy and select ‘Trade’

Buy Bitcoin eToro
Buy Bitcoin on eToro

Is eToro Safe?

Yes, eToro is considered a high-security exchange and is licensed by the Financial Conduct Authority (FCA) in the UK. The multi-asset brokerage has been operating for over 15 years and has a great reputation for its excellent customer service, a diverse range of assets and easy-to-navigate UI. The platform has been tailored for both beginner and experienced traders. 

If you are interested in learning about eToro and its many features, you can visit the eToro Review page. 

eToro Home Page for UK investors.

Yorkshire Bank Cryptocurrency Policy

Yorkshire Bank has not publicly announced its stance on cryptocurrencies. The bank has not made any positive or negative comments in relation to digital assets or cryptocurrencies. There have been zero reports of Yorkshire Bank users' funds being frozen when transferring GBP to cryptocurrency investing platforms. 

Customers of Yorkshire Bank should not be concerned about their funds being halted when transferring to a cryptocurrency exchange like eToro. 

Yorkshire Bank
Yorkshire Bank for Personal and Business Banking.

About Yorkshire Bank

Yorkshire Bank is a financial institution that operates in the United Kingdom. The bank offers a range of personal banking products and services, including savings accounts, current accounts, mortgages, loans, and credit cards. The bank also offers business banking products Yorkshire Bank has its headquarters in Leeds, England.

The bank was founded in 1859 as the Leeds Mercantile Bank and changed its name to Yorkshire Bank in 1992. As of March 2019, the bank has 165 branches across the United Kingdom. Yorkshire Bank is a member of the CYBG Group, which also owns Clydesdale Bank and Virgin Money UK. The group was formed in February 2016 following the sale of Clydesdale and Yorkshire Banks by National Australia Bank.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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