Summary: The best way to buy Cryptocurrencies with a Nationwide online banking account in the United Kingdom is through a Financial Conduct Authority (FCA) licensed exchange.
We recommend an exchange like Uphold that is FCA-licensed and offers fast and cheap GBP deposits from Nationwide Bank to trade and stake over 250 cryptocurrencies with low fees. Their platform is trusted by over 10 million users in the UK and Europe, and is one of the only exchanges in the world with an audited proof of reserves.
Best Crypto Exchange for Nationwide Bank
Platform Highlights
- Trade and Stake 250+ Cryptocurrencies with zero trading fees.
- Free and instant GBP deposits via Bank Transfer and Faster Payments transfers.
- UK-Based company that is Regulated and Licensed by the Financial Conduct Authority (FCA).
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Can you Buy Crypto with Nationwide Bank?
Nationwide Building Society and its online banking platform do not provide direct cryptocurrency purchase services, such as Bitcoin or Ethereum, for their clients. Customers must transfer GBP from their Nationwide account to a UK-based, Financial Conduct Authority (FCA) regulated exchange.
How to Buy Bitcoin and Crypto with Nationwide
As outlined above, the best way to buy Bitcoin and other crypto assets with a Nationwide bank account is through an FCA-licensed broker. Based on our review of over 25 regulated exchanges in the UK, we found that Uphold was the top platform for Nationwide account holders. They offer instant and free GBP deposits via bank transfer, Faster Payments, debit card, credit card and other methods to trade over 250 cryptocurrencies with zero fees.
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 Bank, more accurately known as Nationwide Building Society, is a British financial institution that provides a wide range of banking and financial services. It is the largest building society in the world and operates as a mutual, which means it is owned by and run for the benefit of its members, rather than shareholders. Nationwide offers various products and services, including current accounts, savings accounts, mortgages, loans, credit cards, and insurance. However, it does not provide direct access to purchasing cryptocurrencies.
Final Thoughts
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.
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Author
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
