How to Buy Bitcoin with HSBC Bank

Can I buy Bitcoin with HSBC Bank?

HSBC Bank does not yet allow their customers to buy or sell cryptocurrency through their online banking platform, or through a bank branch in the United Kingdom.

Their bank has also historically frozen or banned customer accounts that have been caught buying or selling cryptocurrencies from off-shore cryptocurrency exchanges.

How to buy Crypto with HSBC Bank

If you want to buy Bitcoin or Crypto through your HSBC Bank account in the United Kingdom, you will need to join a regulated digital currency exchange based in the UK. We recommend a platform like eToro UK because they have been operating as a multi-asset brokerage in the UK since 2008, and they offer cryptocurrencies.

Their platform will let you seamlessly deposit GBP or EUR via your HSBC bank account with a bank transfer into the eToro platform. They offer low fees to trade over 40 cryptos, stocks, ETFs, commodities and much more. You can follow the guide below to get started.

1. Sign up to eToro UK
2. Verify your personal or company information
3. Click the 'Deposit Funds' button and select GBP and Bank Transfer as your preferred method. You will need to sign into your HSBC Bank account to send GBP to eToro when they provide you with details
4. Find the cryptocurrency you want to buy on the eToro platform
5. Select 'Buy' and your trade is complete

HSBC Bank Crypto Policy

HSBC Bank is well known for their anti-cryptocurrency stance. They are arguably one of the most anti-crypto banks in the world, particularly out of the major global banks.

They have been known to freeze customer accounts for transacting with digital currency exchanges, which is why it is important to sign up to a hybrid exchange like eToro UK.