Summary: Yorkshire Bank does not provide direct cryptocurrency investing through its banking services. However, the bank approves GBP transfers to reliable and regulated trading platforms. To guarantee the safety of your assets and compliance with regulations in the UK, you must select an exchange that is registered with the Financial Conduct Authority (FCA).

Our extensive research has led us to the conclusion that eToro is an excellent choice. As an FCA-registered exchange, it provides a safe and compliant trading environment. eToro permits Yorkshire Bank users to deposit GBP from their accounts and trade various assets, including over 3,000 coins, shares, commodities, and ETFs, all with reasonable fees. It is a social trading platform that provides unique features like CopyTrader.

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Can I Buy Bitcoin with Yorkshire Bank?

Yes, Yorkshire Bank allows its customers to send GBP to approved cryptocurrency platforms in the United Kingdom. After your transfer has been completed, you can buy or trade an extensive range of digital assets, including Bitcoin, Ethereum Solana, and Arbitrum. It is important to note that the bank does not provide a trading function directly through its interface. For secure transactions, we suggest using exchanges supervised by the Financial Conduct Authority (FCA). 

How to Buy Crypto with Yorkshire Bank

Yorkshire Bank clients can safely buy digital currencies via regulated trading platforms in the United Kingdom. Our expert team considers eToro as the most appropriate option due to its FCA registration and comprehensive selection of over 3,000 coins, equities, ETFs, and other assets. The platform enables instant GBP deposits by bank transfer, debit card, FPS, and more.

To start your crypto investing journey, follow these four easy steps:

  1. Setup Account: Make an eToro account and finish the identity verification procedures.
  2. Choose Currency: After selecting the "Deposit Funds" button, choose "GBP" as your deposit currency.
  3. Add Funds: Select one of the given methods to transfer money from your Yorkshire Bank account.
  4. Buy Token: Type your preferred asset into the search bar, select it, and finalise your transaction.
How to Buy Crypto with Yorkshire Bank.
Buy Crypto with Yorkshire Bank via eToro.

Yorkshire Bank Cryptocurrency Policy

Yorkshire Bank maintains a forward-thinking view on cryptocurrencies. It endorses financial innovation while adhering to all existing laws. The bank allows its clients to explore digital currency investments on reliable platforms. The Financial Conduct Authority (FCA) has authorised our suggested platform, eToro (UK) Ltd, with a registered office under Company No. 07973792 on the 24th floor, One Canada Square, Canary Wharf, London E14 5AB.

Digital Asset Investing Fees

Effective trade execution and investment require a thorough understanding of the fee structure when purchasing or selling digital assets on exchanges. You should be aware of the following potential costs:

  • Trading Spreads: These are the expenses associated with buying and selling on the platform. eToro charges variable spreads, typically 1% or less for cryptocurrencies.
  • Deposit Fees: Depending on the method deployed, users will incur a fee to deposit GBP. Our findings suggest bank transfers and Faster Payments remain the cheapest, while debit and credit cards might cost more than 2%.
  • Withdrawal Fees: The expense of withdrawing money depends on the digital asset. Most platforms have a fixed fee of 0.0005 BTC for withdrawing Bitcoin.

eToro provides an FCA-registered environment with a varied asset portfolio and a competitive pricing structure, making it a compelling choice for Yorkshire Bank customers.

What is Yorkshire Bank?

Yorkshire Bank was founded in 1859 in the town of Halifax, West Yorkshire, and has grown to become one of the United Kingdom's most recognisable financial institutions. Originally established to cater to the working class during the Industrial Revolution, its roots are deeply entwined with the region's rich history of commerce and industry.

Over the years, the bank has expanded its operations and diversified its services, moving beyond Yorkshire to establish a strong presence in other parts of the UK. With a focus on retail and commercial banking, its offerings range from savings and current accounts to loans, credit cards, and mortgage services. Its legacy of providing reliable banking services, combined with modern financial solutions, has cemented its reputation as a trusted name in the British banking sector.

Yorkshire Bank: Home Page.
Yorkshire Bank: Home Page.

Final Thoughts

To summarise, Yorkshire Bank enables customer cryptocurrency investments by approving transfers to authorised exchanges. We chose eToro as the best option because it supports a wide range of assets across six categories and allows trading in a secure setting overseen by the FCA. Its competitive fees, swift GBP deposits, live customer support, and unique features like copy trading and a demo account make it an excellent choice for investors in the UK.