Crypto Banks
How to buy Crypto with Barclays Bank

How to buy Crypto with Barclays Bank

Alysha Jane
Fact Checked
Feb 3, 2023

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 Uphold UK because they offer fast GBP deposits from Barclays Online Banking or Barclaycard to trade and stake 250+ cryptocurrencies with zero fees. Their platform is London-based and regulated by the Financial Conduct Authority (FCA) and has an audited proof-of-reserves.

Table of Contents

Best Crypto Broker for Barclays Bank

Platform Highlights

  • Trade 250+ Cryptos with fast Great British Pound (GBP) deposits from Barclays Bank.
  • Stake Crypto and earn up to 25% APY on your assets.
  • London-based and FCA regulated platform that is trusted by over 10 million users.
Uphold - Barclays Bank
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Audited Proof of Reserves
Audited Proof of Reserves

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 Uphold UK. Their platform offers fast fiat deposits from Barclays Online and zero fees to trade over 250 cryptocurrencies including Bitcoin, Ethereum, Solana, Avalanche and many others.

You can get started in just 4 easy steps:

  1. Create a free account on Uphold with your email and complete the verification requirements.
  2. Connect your Barclays Bank account or Barclayscard to Uphold by selecting the 'GBP' button on your dashboard.
  3. You can then select the 'connect bank' button to link your Barclays account to Uphold.
  4. Find the cryptocurrency you want to buy and execute your trade.
Deposit GBP from Barclays Bank to Uphold.

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 Authority (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 Bank

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.

Final Thoguhts

In conclusion, while Barclays Bank and their Smart Investor platform do not offer direct cryptocurrency trading, account holders can still purchase digital assets by depositing GBP into a licensed FCA-regulated exchange like Uphold UK. Uphold offers fast GBP deposits, zero fees, and access to over 250 cryptocurrencies and other assets. However, it's important to note that Barclays Bank may block deposits to certain non-regulated exchanges, such as Binance. To stay safe and compliant, always make sure to trade with a trusted and regulated platform.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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