Summary: Clydesdale Bank currently does not offer services that enable customers to purchase cryptocurrencies directly through its banking interface. For those interested in digital currencies, we recommend utilising a secure and authorised digital currency trading platform. The bank permits fund transfers to exchanges that are registered with the Financial Conduct Authority in the United Kingdom.

Following detailed research, we found eToro to be the most suitable option for Clydesdale Bank customers. It facilitates swift GBP deposits, which can be used to trade over 3,000 assets, including cryptos, stocks, commodities, and ETFs, with competitive fees. The platform is also registered by the FCA, ensuring a safe and compliant trading environment for British investors.

Table of Contents

Can I Buy Bitcoin with Clydesdale Bank?

Certainly, Clydesdale Bank allows customers to transfer GBP from their bank accounts or cards to approved cryptocurrency platforms in the United Kingdom. Once your funds have been successfully deposited, you can start swapping your pounds for various digital assets like Bitcoin and Chainlink. For guaranteeing secure transactions, we suggest using exchanges overseen by regulatory entities such as the Financial Conduct Authority (FCA).

How to Buy Crypto with Clydesdale Bank

The best method for Clydesdale Bank customers to acquire cryptocurrency is through an FCA-registered digital currency exchange. Our expert team has identified eToro as the top choice thanks to its regulatory compliance, thousands of tradable assets, and competitive fees. It accepts GBP deposits through several payment methods, including bank transfer, FPS, debit card, Skrill, and more.

Here's how customers can quickly begin trading Ethereum and other digital assets:

  1. Create Account: Start by creating an eToro account and completing the identity verification process.
  2. Choose Currency: After clicking "Deposit Funds", select "GBP" as your currency.
  3. Transfer Funds: Begin transferring funds from your Clydesdale Bank account or card.
  4. Buy Crypto: Find the token you wish by using the search bar, select it, and finalise your transaction.
How to Buy Crypto with Clydesdale Bank.
Buy Crypto with Clydesdale Bank via eToro.

Clydesdale Bank Cryptocurrency Policy

Clydesdale Bank adopts a forward-thinking approach towards cryptocurrencies while strictly adhering to all relevant compliance regulations. It permits its customers to invest through trustworthy platforms. Our recommended choice, eToro (UK) Ltd., is fully registered by the Financial Conduct Authority (FCA) under Firm Reference Number 583263. It's registered in England under company number 07973792, with its office at One Canada Square, 24th floor, Canary Wharf, London E14 5AB.

Digital Asset Investing Fees

When trading digital assets, understanding the fee structures involved is crucial for optimal investment performance. Here's a quick overview of the main costs you may encounter when using a cryptocurrency exchange:

  • Trading Margin: These are costs associated with buying and selling digital currencies. The spreads on eToro are typically 1% or lower.
  • Deposit Fees: Depending on the selected method, there might be fees associated with making a GBP deposit. Bank transfers and Faster Payments are usually more economical options.
  • Withdrawal Fees: Withdrawal fees vary according to the token. For instance, Bitcoin transactions carry a fixed fee of 0.0005 BTC.

Compared to other platforms like Coinbase, which can charge up to 5%, eToro's diverse offerings and competitive fee structure is the best option for Clydesdale Bank customers.

What is Clydesdale Bank?

Clydesdale Bank, founded in Glasgow in 1838, has been an integral part of Scotland's banking landscape for nearly two centuries. Initially established to meet the specific financial needs of the Scottish business community, it has grown to offer a wide range of services, including personal banking, business accounts, and various loan options. 

As a testament to its longstanding commitment to local communities, Clydesdale also prints its own Scottish banknotes, a tradition that adds to its distinct Scottish identity. Over time, it has undergone various mergers and ownership changes but has always remained committed to serving local communities, blending its historical legacy with innovation to cater to a new generation of customers.

Clydesdale Bank: Home Page.
Clydesdale Bank: Home Page.

Final Thoughts

In conclusion, while Clydesdale Bank does not directly facilitate cryptocurrency trading, it does allow GBP transfers to FCA-registered digital asset exchanges. eToro presents an excellent choice for investors looking to explore a wide range of financial instruments like crypto, stocks, ETFs, and commodities. We recommend it thanks to the platform’s low fees, extensive selection of coins, unique social features, and the ability to make fast GBP deposits.