Summary: The best way for Barclays Bank account holders to buy Bitcoin, Ethereum and other Cryptocurrencies is through a licensed digital currency exchange in the UK.

We recommend eToro UK because they offer fast GBP deposits from Barclays Online Banking to trade Crypto, Stocks, ETFs, Commodities and more.

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Can I buy Bitcoin or Crypto with Barclays Bank

Barclays Bank and their Smart Investor trading platform both do not offer cryptocurrency trading services for their customers. This means that you cannot log in to your Barclays Online Banking account and buy digital assets directly through their platform.

The only way you can buy Bitcoin from a Barclays account is by depositing GBP into a Financial Conduct Authority (FCA) regulated exchange in the UK.


How to buy Crypto with a Barclays Bank account

The safest and easiest way to buy digital assets with your GBP bank account is with eToro UK. Their platform offers fast fiat deposits from Barclays Online and low fees to trade the best cryptocurrencies including Bitcoin, Ethereum, Solana, Avalanche and many others.

You can get started in just 5 easy steps:

  1. Sign up to eToro UK
  2. Verify your personal or company information
  3. Select the 'Deposit Funds' button and find the deposit details to transfer from your Barclays Online or Mobile Banking account
  4. Once your funds have arrived, find the Crypto you want to buy in the 'Discover' section
  5. Input the amount you want to buy and execute your trade
Buy Crypto with Barclays Bank
Deposit Funds from Barclays Bank to buy Crypto with eToro

Did Barclays Bank Ban Crypto?

In July 2021, Barclays Bank started to block customer deposits from going to well-known cryptocurrency exchange Binance. This decision came shortly after the U.K Financial Conduct Authorit (FCA) announced that Binance was not regulated to conduct financial services in the country.

That said, Barclays Bank does allow customers to buy and sell cryptocurrencies freely from trusted and regulated exchanges in the UK.

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Posted 
May 29, 2022
 in 
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