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Can I buy Crypto on Clydesdale Bank?
If you are looking to purchase cryptocurrencies directly on the Clydesdale banking platform, you are out of luck. However, there are safe alternative options you can use to buy crypto such as going through a secure cryptocurrency exchange like Uphold.
Uphold is a regulated, centralised cryptocurrency investing platform that has acquired the appropriate licensing by the Financial Conduct Authority (FCA) to operate in the UK. It is the safest platform you can use in England and has been operating since 2013. In addition to buying cryptocurrencies on Uphold, you can also buy stocks, currencies, ETFs, indices, currencies and much more. The platform can be customised for both serious, experienced traders and complete crypto newbies (beginners).
How to Buy Cryptocurrencies with Clydesdale Bank
As outlined above, the best way to invest in digital assets with Clydesdale Bank in the United Kingdom is with a secure and regulated brokerage platform. Our top pick for investors in the UK is Uphold because they offer fast and free GBP deposits from Clydesdale Bank to trade over 200 cryptocurrencies with industry-leading fees.
They are the most safe broker to hold your assets with an audited proof-of-reserves that is updated daily for customers. You can get started on their trusted platform with this simple guide:
- Sign Up: Create an account on Uphold and complete your verification.
- Connect Account: Connect any Clydesdale Bank account to Uphold to deposit Great British Pounds (GBP).
- Deposit Funds: After selecting "My banks" you can select the amount of GBP to deposit and complete the transfer.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Fees to Invest with Clydesdale Bank
When buying cryptocurrencies on any cryptocurrency investing platform there are two fees you need to consider. The deposit fee and the trading fee.
- Deposit Fee - You will be charged this fee when depositing GBP (or any FIAT currency) on the platform
- Trading Fee - This fee is charged when you execute a trade, for example when you trade your GBP for Bitcoin
Fortunately for users of Uphold, they do not charge any fees to deposit GBP onto the platform. Some exchanges like Coinbase can charge up to 4.5% in deposit fees. As for the trading fee, Uphold charges a flat 0.5% fee which is average for an exchange.
Clydesdale Bank Crypto Policy
Clydesdale Bank is yet to make an official stance in regards to cryptocurrencies and digital assets. They have not made any negative or concerning comments about cryptocurrencies. There have been no reports of any Clydesdale users’ funds being frozen when transferring to a cryptocurrency investing platform.
About Clydesdale Bank
Clydesdale Bank is a commercial bank in Scotland. The bank is the third oldest bank in Scotland and fourth oldest bank in the United Kingdom. It was founded in 1838 in Glasgow. The bank has been part of National Australia Bank since 1987. Clydesdale Bank has around 80 branches across Scotland and more than 50 agencies throughout England. It also has operations in Ireland and Jersey.
Clydesdale was one of the first banks in the UK to offer a completely free current account, which it did in 2003. In 2021, ClydesdaleBank was voted Best Personal Banking Provider at the Moneyfacts Awards. The bank is also a member of the Faster Payments Service.
