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 or Barclaycard to trade Crypto, Stocks, ETFs, Commodities and more.
- Fast and cheap GBP deposits from Barclays Bank.
- Trade 70+ Cryptos and over 7,000 Stocks, ETFs & Commodities.
- Financial Conduct Authority (FCA) licensed platform.
78% of retail CFD accounts lose money.
Table of Contents
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:
- Sign up to eToro UK and verify your personal or company information.
- Select the 'Deposit Funds' button and find the deposit details to transfer from your Barclays Bank account or Barclaycard.
- Once your funds have arrived, find the Crypto you want to buy in the 'Discover' section
- Input the amount you want to buy and execute your trade
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.
What is Barclays Bank?
Barclays Bank is a multinational bank headquartered in London, England. It is a universal bank with operations in retail, investment banking, and wealth management. Barclays is one of the oldest banks in the world, dating back to 1690 when it was founded as a goldsmith business in London. Today, it serves over 48 million customers across more than 50 countries.
Barclays has a long history of supporting businesses and individuals in the UK and around the world. It offers a wide range of banking services, including loans, credit cards, savings accounts, and investment products. Barclays also has a strong presence in the corporate and investment banking sector, providing financing, advisory, and risk management services to companies of all sizes.
In recent years, Barclays has been focused on expanding its digital capabilities and offering more mobile and online banking options for customers. It has also made a commitment to responsible lending and supporting sustainable development.
Crypto assets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.