If you're looking to buy Bitcoin or cryptocurrency with Nationwide Bank in the United Kingdom, you're in luck. In this guide, we outline how to do just that.

We'll also touch on Nationwide Building Society's policies towards cryptocurrency, so you can be sure your back account is safe and won't be frozen.

Table of Contents

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 regulated exchange in the UK.


How to buy Crypto or Bitcoin with Nationwide Online Banking

The easiest way to buy Cryptocurrencies from your Nationwide online banking account is with the eToro 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:

Step 1: Sign up to the eToro UK trading platform and verify your account.

Step 2: Select the 'Deposit Funds' button on the bottom left of your eToro trading dashboard.

Deposit Funds eToro Nationwide Bank

Step 3: Select 'Bank Transfer' as your deposit method, and 'GBP' as your fiat currency.

Nationwide Building Society Transfer

Step 4: Login into your Nationwide Online account and transfer GBP to the unique direct deposit details shown to you on the next screen. Your deposit details will be different from the example shown below.

Step 5: Once the GBP arrives in your account, you will be able to buy and sell any cryptocurrency or stock listed on the eToro platform.


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 eToro.

Visit eToro UK
Posted 
May 19, 2022
 in 
Crypto Banks
 category

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