Summary: TSB Bank does not directly support cryptocurrency investing through their online banking platform. Customers will need to sign up to a Financial Conduct Authority (FCA) licensed exchange to invest in the asset class.

We recommend the eToro UK platform because they support TSB Bank deposits to trade over 70 Cryptos and thousands of other assets.

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.

Table of Contents

How to buy Crypto with a TSB Bank account

The easiest way to buy Cryptocurrency or Bitcoin with a TSB Bank account is through eToro UK. They offer fast and cheap GBP deposits from TSB Online Banking to buy and sell Cryptocurrencies, Stocks, ETFs, Commodities, and more on their regulated platform.

You can connect your TSB Online account by following this guide:

Step 1: Sign up to the eToro UK platform and verify your account.

Step 2: Select the 'Deposit Funds' button at the bottom left of your screen.

Buy Crypto TSB Bank Online

Step 3: Select 'GBP' as your fiat deposit method and 'Bank Transfer' as your payment method.

GBP to eToro from TSB

Step 4: You will then be given unique direct deposit details by eToro to conduct a bank transfer. Sign in to your TSB Online Banking account and deposit GBP into the details provided. The image below is an example and may not reflect your details.

TSB Bank Transfer to eToro

Step 5: Once your funds have loaded, find the asset you want to buy on the eToro trading platform and execute your trade. You can read our eToro Review for more information.

Is TSB Bank Crypto-Friendly

TSB is a cryptocurrency-friendly bank that allows its customers to deposit and withdraw GBP into regulated platforms. TSB Bank does not have any policies that prohibit its customers in any way from buying or selling digital currencies.

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 Any article you read discussing that is likely outdated.


TSB Bank Digital Asset Disclosures

TSB Bank does warn customers about the risks associated with buying crypto. Cryptocurrencies are a highly volatile asset class and prices can fluctuate rapidly. TSB Bank does not provide any investment advice and customers should do their research before investing.


About TSB Bank

TSB Bank is a UK-based financial institution that offers a range of banking and financial services to personal, business and corporate customers. The bank has over 600 branches across the UK and employs more than 4,000 people.

TSB Bank's 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.

TSB offers a variety of personal banking products and services including current accounts, savings accounts, mortgages, personal loans and credit cards. The bank also offers business banking products and services such as business accounts, loans and overdrafts.

The bank 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. The TSB website provides online banking services as well as a range of helpful resources such as budgeting tools and financial calculators.

Visit eToro UK

Crypto assets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

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