Summary: HSBC's online banking portal does not provide direct access to digital asset investing. The only option to purchase Cryptocurrencies such as Bitcoin with HSBC is by going through a centralized, regulated digital asset exchange.

We recommend using Uphold as it is available to use in over 150 countries globally and accepts over 30 fiat currencies. It offers free and instant bank transfers to HSBC customers, allowing users to trade over 250 cryptocurrencies with zero trading or deposit fees. Uphold is licensed and regulated by the Financial Conduct Authority (FCA) in the UK.

Best Crypto Exchange for HSBC Bank Users

Platform Highlights

  • Free & Instant EUR, USD, GBP, AUD deposits to trade 250+ Cryptos.
  • Stake over 30 tokens and earn up to 25% APY on your assets.
  • Regularly audited Proof of Reserves showing users funds are held 1:1.
Uphold - HSBC Bank
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Audited Proof of Reserves
Table of Contents

How to Buy Bitcoin or Crypto with HSBC Bank

HSBC Bank does not currently allow its customers to buy, sell or hold digital assets through its online platform, or through one of its physical bank branches. This means that HSBC account holders must use licensed & regulated Crypto brokers to invest in the asset class.

Based on our analysis of over 30 platforms in the UK & Europe, we recommend Uphold because they offer instant deposits via Bank Transfer and other methods to trade over 250 crypto assets with zero fees. Their platform is regulated by the Financial Conduct Authority (FCA) making them a safe place to buy and custody your assets. Here is a simple guide to get started:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want to deposit on the Uphold Platform.
  3. Deposit Funds: Connect your HSBC Bank account to quickly deposit your selected fiat currency.
  4. Buy Crypto: The final step is to find the Cryptocurrency you want to buy and execute your trade.
Deposit GBP from HSBC
Deposit GBP from HSBC.

Is HSBC Crypto-Friendly

HSBC Bank is well known for its anti-Cryptocurrency stance and restrictive Crypto policies. 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 regulated platform like Uphold.

The exchange is regulated by the Financial Conduct Authority (FCA) in the UK, as well as a number of other global regulatory bodies like the Bank of Lithuania. This ensures that Uphold is compliant with all relevant regulations and provides a safe and secure environment for traders.

What are the Fees?

The costs associated with purchasing cryptocurrency through HSBC Bank may differ depending on the specific crypto exchange you choose to utilize. Common fees you may encounter include deposit fees, transaction charges, and withdrawal expenses.

When transferring funds from your HSBC Bank account to a regulated digital currency exchange, such as Uphold, you may incur fees related to bank transfers, debit card transactions, or credit card payments. However, Uphold provides competitive rates, including free bank transfers and low trading fees, making it an attractive option for those looking to buy crypto in the UK.

About HSBC Bank

HSBC Bank is one of the world's leading banking and financial institutions. With more than 6,100 offices in both established and emerging markets, HSBC serves customers through an international network of around 60 million people. Its history can be traced back to 1865, when HSBC was founded in Hong Kong. Today, HSBC is a truly global organization, with operations in more than 75 countries and territories.

HSBC provides a comprehensive range of financial services, including personal banking, commercial banking, corporate banking, private banking, and investment banking. HSBC is also one of the world's largest issuers of credit cards and one of the leading providers of insurance products. HSBC Bank is committed to providing superior customer service and to helping its customers achieve their financial goals.

HSBC Online Banking.
HSBC Online Banking.

Final Thoughts

HSBC Bank does not directly support digital asset investing, customers can still purchase cryptocurrencies like Bitcoin by using a regulated and centralized digital asset exchange. Uphold is a top choice for HSBC customers due to its availability in over 150 countries, acceptance of more than 30 fiat currencies, and free, instant bank transfers. With zero trading or deposit fees, Uphold enables users to trade over 250 cryptocurrencies seamlessly.

Regulated by the UK's Financial Conduct Authority (FCA), Uphold ensures a safe and secure trading experience for investors looking to enter the digital asset market. Always remember to use a licensed and regulated platform to avoid potential issues with your bank and safeguard your investments.

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.