Can I buy Crypto with Nationwide Bank?
Nationwide Building Society and the Nationwide online banking platform do not offer any services for their customers to directly buy cryptocurrencies like Bitcoin and Ethereum.
Instead, customers will need to deposit GBP from their Nationwide account into a Financial Conduct Authority (FCA) regulated exchange in the UK.
How to buy Crypto with Nationwide Online Banking
The easiest way to buy Cryptocurrencies from your Nationwide online banking account is with the Uphold UK platform. They offer fast and cheap GBP deposits for UK residents to buy and sell Cryptocurrencies, Stocks, ETFs, Commodities, and much more.
To get started from your Nationwide login, follow this simple guide:
- Sign up to the Uphold platform and verify your identity (personal or company).
- Connect your Nationwide Bank account or Credit/Debit Card to Uphold by selecting the 'My Banks' button on your dashboard.
- You can then select the 'Connect Bank' button to link your Nationwide account to Uphold.
- Find the cryptocurrency you want to buy and execute your trade.
Is Nationwide Crypto-Friendly?
Nationwide Bank has crypto-friendly banking policies that enable its customers to safely deposit and withdraw funds from licensed exchanges. This means that you will need to avoid off-shore exchanges that are not licensed by the Financial Conduct Authority (FCA) and stick to platforms like Uphold.
What is Nationwide Building Society?
Nationwide Building Society is a United Kingdom building society, and the second largest in the UK based on total assets. It has its headquarters in Swindon, England. With over 15 million members, it is also the UK's largest mutual organisation.
The society offers a range of financial services including savings accounts, current accounts, mortgages, loans, credit cards and insurance products. It is a member of the Building Societies Association and the Council of Mortgage Lenders.
Nationwide Building Society was formed in 1884 by Edward Hill & Co., an estate agency in Northampton established by brothers Edward and John Hill, as The Nationwide Counties Permanent Building Society. Until April 2013 it was called the Nationwide Mutual Building Society; after a period of rapid growth in the 1980s when it bought numerous other societies, it demutualised and became a public limited company called Nationwide Building Society.
In conclusion, Nationwide Bank does not offer direct services to buy cryptocurrencies. However, their online banking platform is crypto-friendly and customers can easily buy cryptocurrencies by depositing GBP from their Nationwide account into a licensed exchange like Uphold. Uphold is a trusted platform with over 10 million users, offering fast and cheap GBP deposits, and a wide range of cryptocurrencies, stocks, commodities, and more to trade and stake. By following the simple guide, you can easily connect your Nationwide Bank account to Uphold and buy the cryptocurrency of your choice. Stay safe and stick to regulated platforms for a seamless and secure crypto buying experience.