Summary: Atom Bank empowers its customers to delve into cryptocurrency by permitting transactions to accredited exchanges. We recommend utilising platforms supervised by the FCA that facilitate British Pound (GBP) deposits. It's crucial to highlight that Atom Bank doesn't provide direct cryptocurrency trading within its digital banking platform, but it does authorise customers to transfer funds from their accounts to trusted exchanges. 

From our exhaustive analysis, Kraken is the top choice for Atom Bank clients, with no fees on GBP deposits. The platform boasts a diverse selection of over 200 cryptocurrencies available for trade in both spot and futures, granting up to 5x leverage. Beyond crypto trading, Kraken offers staking possibilities and an NFT marketplace.

Best Exchange for Atom Bank - Kraken
Visit Site
Kraken is a Financial Conduct Authority (FCA) licensed and regulated digital asset exchange that operates locally (FRN 928768).
Table of Contents

Can I Buy Bitcoin with Atom Bank?

Yes, Atom Bank allows customers to convert British Pounds (GBP) into Bitcoin, Ethereum, and various other cryptocurrencies. This service is made possible by collaborating with credible digital asset exchanges in the United Kingdom, abiding by the guidelines set forth by the Financial Conduct Authority (FCA). We recommend using a platform under the supervision of the FCA to ensure seamless and secure crypto transactions.

How to Buy Crypto with Atom Bank

Atom Bank customers can safely invest in digital currencies by choosing a reputable exchange such as Kraken. The platform offers straightforward and no-fee GBP deposits from Atom Bank accounts using various payment methods, including Faster Payments, bank transfers, debit cards, credit cards, and more. With Kraken, you're given the chance to buy, trade, and stake a wide variety of cryptocurrencies at competitive prices.

Here's a simple guide to get you started:

  1. Create an Account: Start by setting up an account on Kraken. Ensure you go through all required identity verification steps for both personal and business accounts.
  2. Choose Currency: Once you're logged in, decide on your preferred deposit currency, such as GBP.
  3. Deposit Funds: Pick your preferred payment option (Faster Payments, bank transfer, or Credit Card) and initiate your deposit from your Atom Bank account.
  4. Buy Cryptocurrency: Lastly, choose the cryptocurrency you wish to purchase and confirm your transaction.
How to Buy Crypto with Atom Bank.
How to Buy Crypto with Atom Bank.

Atom Bank Cryptocurrency Policy

Atom Bank embraces a forward-thinking stance on cryptocurrencies, merging innovation with judicious planning. Customers can explore digital currency investments through platforms compliant with the Financial Conduct Authority (FCA) regulations in the UK. A reputable exchange is Kraken, managed by Payward Ltd. in the UK. It is an accredited FCA Cryptoasset Firm (FRN 928768), adhering to the Money Laundering Regulations.

By rolling out this policy, Atom Bank leverages its vast expertise to guide customers through the complexities often found in the traditional banking landscape. It paves the way for them to broaden their investment horizons with Bitcoin alongside a diverse spectrum of digital assets. This move shows Atom Bank's dedication to financial progression while upholding exemplary banking ethics.

What is Atom Bank?

Atom Bank is a British bank regarded as the first in the UK to focus exclusively on mobile banking. It was founded in 2014 and is authorised by the Prudential Regulatory Authority and the FCA. Whilst it offers several products, its most successful offerings include instant and fixed savings accounts, with AER over 4%. In addition, it also offers mortgage and business loans, all of which are processed entirely online. 

It has been a disruptor in the traditional finance space with its mobile-only approach. Since its inception, Atom Bank has received investments from several high-profile investors, such as BBVA, Woodford Investment Management, and Toscafund Asset Management. Whilst many digital-only banking ventures have reported losses, Atom Bank has grown both the number of customers and its profits. The company’s valuation reached GBP 1 billion in March 2022. Its headquarters are in Durham, England, with over 470 employees. 

Atom Bank: Home Page.
Atom Bank: Home Page.

Final Thoughts

To summarise, Atom Bank presents a secure platform for its customers to buy and trade Bitcoin along with other digital currencies in compliance with Financial Conduct Authority (FCA) regulations. By using a respected exchange like Kraken, clients can effortlessly deposit money from their Atom Bank accounts and engage in cryptocurrency trading.

Even though Atom Bank maintains a supportive stance towards cryptocurrencies, it encourages customers to exercise caution and use platforms supervised by the FCA, particularly when transferring money to international exchanges, to avoid possible freezing of suspicious funds.