How to buy Crypto with Yorkshire Bank

Can I Buy Crypto with Yorkshire Bank?

No, you cannot buy cryptocurrency directly through Yorkshire Bank. Yorkshire Bank does not offer the ability to buy, sell, or trade cryptocurrencies. However, you can use your Yorkshire Bank account to deposit funds into a regulated cryptocurrency exchange. These exchanges are licensed by the Financial Conduct Authority (FCA) and allow you to buy, sell, and trade various cryptocurrencies. Before you start trading, it's important to research and understand the risks associated with cryptocurrency investments and to only use reputable exchanges.

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How to Buy Crypto or Bitcoin with Yorkshire Bank

As mentioned above, the best way to buy Bitcoin and cryptocurrencies in the UK with Yorkshire Bank is through the Uphold exchange. They offer over 200 cryptocurrencies and hundreds of stocks, ETFs, commodities and more with low fees and tight spreads.

You can get started in 4 simple 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 Yorkshire 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.

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 Uphold.

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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.

Final Thoughts

In conclusion, buying cryptocurrency with Yorkshire Bank is not possible directly through the bank's platform. However, Yorkshire Bank does allow customers to withdraw GBP from their bank account to a licensed and regulated cryptocurrency exchange in the UK. Our top pick for Yorkshire Bank customers is Uphold, which offers fast and cheap GBP deposits to trade over 200 cryptocurrencies. It's important to remember that cryptocurrency investments come with risks, so before you start trading, it's important to research and understand these risks and only use reputable exchanges.