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How to buy Crypto with TSB Bank

How to buy Crypto with TSB Bank

Andrew Chen
Fact Checked
Feb 3, 2023

Summary: TSB, like most major UK banks, does not offer direct Cryptocurrency investment support through its online banking portal. Customers must use a Financial Conduct Authority (FCA) licensed exchange to invest in digital assets such as Bitcoin.

The recommended platform for TSB customers is Uphold, as they offer free and instant GBP deposits. Additionally, Uphold is known for its security and transparency, and regularly provides audited proof of reserves that highlights user funds are held 1:1 on the exchange.

Table of Contents

Best Crypto Exchange for TSB Bank Customers

Platform Highlights

  • Buy and sell over 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 - TSB Bank
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Audited Proof of Reserves
Audited Proof of Reserves

How to buy Crypto with a TSB Bank account

The easiest and most secure way to buy Cryptocurrency such as Bitcoin with a TSB Bank account is through Uphold. TSB customers can deposit GBP to Uphold via a variety of payment methods which include Bank Transfers, SEPA Transfers, Credit & Debit Card, plus Apple Pay or Google Pay.

You can get started within minutes with this short, simple guide.

  1. Sign Up: Create a free account on Uphold and complete the verification process.
  2. Connect Account: Select GBP as the fiat currency you wish to deposit on Uphold.
  3. Deposit Funds: Connect your TSB Bank account to quickly deposit pounds.
  4. Buy Crypto: Find the Cryptocurrency you want to buy and execute your trade.
Buy Crypto TSB Bank
How to buy Crypto with TSB Bank in the UK.

Is TSB Bank Crypto-Friendly?

Yes, TSB is a Cryptocurrency-friendly bank that allows its customers to deposit and withdraw GBP to FCA-regulated platforms like Uphold. TSB Bank does not have any policies that prohibit its customers in any way from buying or selling digital currencies with the funds in their bank accounts.

It is important to note that TSB did ban cryptocurrency use by their customers in 2021, but it has since been lifted. Any article you read discussing that is likely outdated.

About TSB Bank

TSB Bank is a UK-based financial institution that offers a range of banking services to personal, business, and corporate customers. Its history can be traced back to 1810 when the Savings Bank of Glasgow was founded. In 1995, the bank merged with Lloyds TSB and became known as Lloyds TSB Scotland. In 2013, the bank was rebranded as TSB Bank following its separation from Lloyds Banking Group.

The bank has over 600 branches across the UK and employs more than 4,000 people. It also has a wide network of ATMs across the UK and also offers its customers mobile and online banking services. The bank's mobile app allows customers to manage their accounts, make payments and transfer money.

TSB Bank
TSB Bank.

Final Thoughts

In conclusion, TSB Bank is a Crypto-friendly institution that allows its customers to invest in digital assets such as Bitcoin through a Financial Conduct Authority (FCA) licensed exchange. Uphold is a recommended platform for TSB customers as it offers free and instant GBP deposits, is known for its security and transparency, and provides regularly audited proof of reserves.

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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