Summary: NatWest provides its customers with the opportunity to invest in Bitcoin and other digital assets through its banking services. Customers are advised to use FCA-regulated exchanges that accept British Pound (GBP) deposits as their initial step, as NatWest does not directly offer crypto trading services through its online banking platform.
Based on our evaluation, Kraken emerges as a top choice for NatWest customers, with no charges on GBP deposits. It provides a wide array of over 200 cryptocurrencies for trading and staking. Kraken, headquartered in London and operating under the FCA's oversight, facilitates swift deposits through various methods such as bank transfers and cards.
- Instant and free GBP deposits from NatWest via Faster Payments, bank transfer, credit card and more.
- Trade and stake over 200 cryptocurrencies with industry-leading fees and tight price spreads.
- Founded in 2011 and is one of the most trusted global exchanges with over 9 million users.
Can I Buy Bitcoin with NatWest?
Absolutely, as a client of NatWest Bank, you are legally allowed to purchase Bitcoin, along with a variety of other cryptocurrencies. You can do this through several reliable UK-based cryptocurrency exchanges, all closely monitored by the Financial Conduct Authority (FCA). These digital currency platforms make it easy to convert your British Pounds (GBP) directly from your NatWest Bank account or even use your debit or credit cards. With strict regulations in place, these platforms offer a safe and legal way for you to buy and trade digital currencies.
How to Buy Crypto with NatWest
If you want to buy digital currencies through NatWest Bank, we suggest using a regulated exchange like Kraken. Based in London and regulated by the Financial Conduct Authority (FCA), Kraken allows swift and fee-free GBP deposits from NatWest Bank accounts. This platform supports the purchase, trading, and staking of over 200 cryptocurrencies at competitive rates. You can deposit funds through Faster Payments, bank transfers, debit cards, credit cards, and more.
Here's a step-by-step guide to help you through the process:
- Create an Account: Start by creating an account on Kraken. You'll need to complete the necessary identity verification process, whether an individual or a business.
- Choose Currency: Once on the Kraken platform, select your preferred deposit currency (like GBP).
- Deposit Funds: Choose your preferred payment method (Faster Payments, bank transfer, or Credit Card) and complete your deposit from your NatWest Bank account.
- Buy Cryptocurrency: The last step is to choose the cryptocurrency you wish to purchase and confirm your transaction.
NatWest Cryptocurrency Policy
NatWest Bank maintains a balanced approach towards cryptocurrencies, effectively blending innovation with prudence. It allows its customers to delve into the realm of digital assets through exchanges that are regulated by the Financial Conduct Authority (FCA) in the UK. One such regulated platform is Kraken. In the UK, Kraken operates under the entity Payward Ltd., and is registered as an FCA Cryptoasset Firm (FRN 928768), complying with the Money Laundering Regulations.
With this strategy, NatWest Bank assists its customers in managing the risks associated with traditional banking sectors, while simultaneously broadening their investment portfolios with Bitcoin and a wide range of other digital assets.
What is NatWest?
NatWest, or National Westminster Bank, is a prominent banking institution based in the United Kingdom. Established in 1968 through the merger of National Provincial Bank and Westminster Bank, it has grown to become one of the UK's "Big Four" clearing banks. NatWest offers a comprehensive range of financial services, including personal banking, business banking, private banking, and commercial banking. It is renowned for its customer-centric approach, innovative banking solutions, and commitment to ethical banking practices. With a robust digital presence, NatWest continues to evolve, adapting to the changing needs of its customers in the modern financial landscape.
In conclusion, NatWest Bank provides a gateway for its customers to venture into cryptocurrencies, including Bitcoin. While the bank does not directly offer crypto trading services, it encourages customers to use FCA-regulated exchanges, such as Kraken, for their digital asset transactions. Kraken, a London-based exchange, stands out for its zero charges on GBP deposits, diverse cryptocurrency offerings, and compliance with FCA regulations.