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How to Buy Crypto with Coventry Building Society

How to Buy Crypto with Coventry Building Society

Alysha Jane
Fact Checked
Oct 6, 2022

Summary: Coventry Building Society does not offer the ability to directly purchase cryptocurrency. However, customers can use their bank account or society's debit card or credit card to invest in digital assets through an FCA-licensed exchange.

If you are looking to get started quickly, we recommend the eToro UK platform because they offer instant transfers from Coventry Building Society to trade a wide range of cryptos on their regulated exchange.

Table of Contents

Platform Highlights

  • Fast and cheap GBP deposits from any UK Bank.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities.
78% of retail CFD accounts lose money.

Is Coventry Building Society Crypto Friendly?

Yes, the Coventry Building Society is crypto-friendly. They allow their customers to trade cryptocurrencies. The society has been known to be early adopters of new technologies, so it's no surprise that they're supportive of cryptocurrencies. This makes them one of the most accommodating building societies when it comes to digital currencies.

How to Buy Digital Assets with Coventry Building Society

The easiest way to invest in cryptocurrencies with a Coventry Building Society account is by transferring funds from your bank account into a Financial Conduct Authority (FCA) licensed exchange. With this method, you can deposit via bank transfer, debit card or credit card to trade, stake and hold digital assets securely in the United Kingdom.

We recommend eToro because they are the most trusted platform in the UK with great customer support for new investors. You can get started in 4 simple steps:

  • Step 1: Sign up to the eToro UK trading platform and verify your identity.
  • Step 2: Select the 'Deposit Funds' screen at the bottom of your Dashboard.
  • Step 3: Login to your Coventry Building Society account and deposit GBP into the unique deposit details provided to you by eToro.
  • Step 4: Once the fiat has hit your account, visit the 'Discover' page to find the Crypto or other asset you want to buy.
Deposit GBP with Coventry Building Society to buy Crypto
Deposit GBP from Coventry Building Society to buy Crypto.

Coventry Building Society Interest Rates

Coventry Building Society offers a wide range of savings accounts for ISA's, regular accounts and children's accounts. The average rate for their cash ISAs is 1.85% tax-free (variable). If you are looking for more information regarding their savings rates, you can find the right account in their savings guide.

About Coventry Building Society

Coventry Building Society is a building society in the United Kingdom, headquartered in Coventry, England. It is the second largest building society in the UK with over 4 million members and assets of over £120 billion. It has around 300 branches across England and Wales.

The Society provides a range of financial services including savings accounts, mortgages, personal loans, and business banking products and services. It also offers insurance and investment products through its subsidiary, The Coventry Insurance Services Limited.

Coventry Building Society

The Coventry Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

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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