Crypto Banks
Buy Crypto with Atom Bank

Buy Crypto with Atom Bank

Fact Checked
January 17, 2023
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Summary: Atom Bank does not directly offer cryptocurrency investing on its platform. They are best known for the Atom Bank Savings account, where users can earn a fixed 4% APR on Great British Pound (GBP) deposits.

If you want to buy Bitcoin and other assets with your Atom Bank account, you will need to transfer funds to a licensed broker. If you are looking to get started quickly, we recommend Uphold UK platform because they offer fast GBP deposits to trade over 200 cryptocurrencies.

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Best Crypto Exchange for Atom Bank

Platform Highlights

  • Trade 210+ Cryptos with Fast and Cheap GBP deposits from Atom Bank.
  • Regulated in the UK & Europe and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - Atom Bank
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Cryptocurrencies with Atom Bank?

The short answer is no. Their banking platform is primarily used as a savings account due to their popular 4.00% AER in a 2-year fixed deposit feature. The Atom Bank executive team has made no announcements as to whether they will release native crypto features in the future.

How to Buy Bitcoin and Crypto with Atom Bank

The easiest way to buy digital assets from your Atom Bank account is through a Financial Conduct Authority (FCA) licensed broker. With this method, customers can use their bank login to connect their account and make crypto purchases quickly and easily. Uphold is the most popular choice for Atom Bank customers, as they offer a wide range of assets with low fees.

To get started, follow these 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, EUR + 30 others)
  3. Deposit Funds: Connect your Atom Bank account to quickly deposit your selected fiat currency (GBP).
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Deposit GBP with Atom Bank.

Atom Bank Crypto Policy

Atom Bank will not allow customers to use their debit cards to purchase cryptocurrencies. However, the bank stated that it would review its policy if there is a change in regulation or other circumstances. In a statement, Atom said: "We don't currently allow the use of our debit cards to purchase cryptocurrencies. We constantly review our policies in line with the latest developments and will update our customers if anything changes."

That said, Atom Bank does allow customers to use bank transfers to fund a regulated platform that enables cryptocurrency purchases. This means customers must avoid funding any accounts with a Debit or Credit Card.

Atom Bank Interest Rates

The interest rates for Atom Bank are variable depending on how much money you have in your Instant Saver account. For deposits of under £10,000, the current Instant Saver rate is 1.90% AER.

On the other hand, Fixed Saver rates go as high as 3.64% if you lock under £50,000 in for 5 years with Atom Bank.

Atom Bank
Atom Bank Fixed Rate Savings Account interest rates.

About Atom Bank

Atom Bank is a digital bank founded in 2014 and based in the United Kingdom. It is one of the first banks in the world to be built from scratch on a mobile app. The company has been authorised by the Prudential Regulatory Authority and the Financial Conduct Authority. Atom Bank offers savings accounts, personal loans, business loans and credit cards to its customers. It also offers a mobile app that allows customers to manage their finances on the go.

Atom Bank has received investment from a number of high-profile investors, including BBVA, Woodford Investment Management and Toscafund Asset Management. The company has been valued at £1 billion as of March 2022. Atom Bank was founded in 2014 by Mark Mullen, co-founder of First Direct, and Anthony Thomson, co-founder of Metro Bank. The company is headquartered in Durham, United Kingdom.

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

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