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How to Buy Crypto with HSBC Bank

How to Buy Crypto with HSBC Bank

Dylan Matthews
Fact Checked
Feb 3, 2023

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 90 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.

Table of Contents

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
Audited Proof of Reserves

Can I buy Bitcoin with HSBC Bank?

No, as previously mentioned 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.

The bank has also historically frozen or banned customer accounts that have been caught buying or selling Cryptocurrencies from off-shore and unregulated cryptocurrency exchanges like Gate.io or Hotbit. This means that HSBC account holders must use licensed & regulated Crypto brokers like Uphold to invest in the asset class.

How to buy Bitcoin or Crypto with HSBC Bank

If you want to buy Cryptocurrencies like Bitcoin through your HSBC Bank account, you will need to sign-up with a regulated digital currency exchange. We recommend a platform like Uphold because they offer instantaneous GBP, AUD, EUR, and USD (90+ currencies) deposits via Bank Transfer, Credit/Debit Card, SEPA, Apple Pay, Google Pay, and Wire Transfer.

Begin trading Cryptocurrencies in minutes with this simple guide:

  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.
How to buy Bitcoin or Crypto with HSBC Bank

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.

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.

HSCB Bank Crypto
HSBC Bank.

Final Thoughts

HSBC Bank does not currently support the buying or selling of digital assets via its online banking portal or bank branches. However, HSBC customers can use a regulated exchange like Uphold to buy and trade Cryptocurrencies in a secure environment.

Uphold provides instant bank transfers from HSBC Bank accounts to enable customers to access over 250 different cryptos with zero trading or deposit fees. If you're interested in learning more about this exchange, visit our detailed Uphold Review.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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