Summary: The easiest way to buy Crypto or Bitcoin with Halifax Bank is by depositing GBP from your online banking account into a Financial Conduct Authority (FCA) licensed exchange.
We recommend eToro UK because they offer fast and cheap GBP deposits from Halifax Online accounts to buy Cryptos, Stocks, ETFs, Commodities, and more.
- Fast and cheap GBP deposits from any UK Bank.
- Licensed by the Financial Conduct Authority (FCA) and ESMA.
- 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities.
78% of retail CFD accounts lose money.
Table of Contents
Can I buy Crypto with Halifax Bank?
Halifax Bank does not directly offer cryptocurrency trading for their customers through their online banking platform, or at a bank branch. This is because they do not support digital asset infrastructure like cryptocurrency wallets and other custodial services.
This means that you will need to connect your bank account to a Financial Conduct Authority (FCA) regulated exchange in the United Kingdom. With this method, you will be able to deposit & withdraw GBP from your Halifax account onto a cryptocurrency exchange.
How to buy Crypto with Halifax Online
The easiest way to buy Bitcoin or Crypto from your Halifax Online account is through a licensed trading platform like eToro UK. They allow you to deposit GBP or Euros from your Halifax Bank account onto their platform quickly and with low fees.
To get started, follow this simple guide below:
Step 1: Create your eToro UK trading account and verify your identity.
Step 2: Select the 'Deposit Funds' button on the bottom of your screen.
Step 3: Select 'GBP' and 'Bank Transfer' as your preferred payment method.
Step 4: Login to your Halifax account and send GBP to the unique deposit details shown to you on the next screen. The image below is an example, your details may vary.
Step 5: Once your GBP is loaded, navigate through the eToro Dashboard to buy and sell any cryptocurrency, stock, ETF, or another asset on their platform.
Halifax Crypto Fees
The eToro trading platform only charges Halifax GBP deposits 0.5% - which is significantly cheaper than other platforms like Coinbase which charge up to 2.99%. They charge the same rate for Halifax debit card or credit card deposits and withdrawals too.
Does Halifax Intermediaries insure Crypto?
Halifax Intermediaries does not cover Crypto-assets as they are not considered financial instruments by the Financial Conduct Authority (FCA). Halifax Bank also doesn't offer any custodial services for digital assets like cryptocurrency wallets.
This means that you will need to find a different provider if you want Halifax to have custody of your digital assets like Bitcoin or Ethereum.
About Halifax Bank
Halifax Bank is a major bank in the United Kingdom which is headquartered in Halifax, West Yorkshire. The bank was founded in 1853 as the Halifax Permanent Benefit Building and Investment Association. It was renamed Halifax Building Society in 1971, and then Halifax plc in 2001. In 2015, Halifax became a trading division of Lloyds Banking Group.
Halifax offers a range of banking products and services, including savings accounts, current accounts, mortgages, loans, credit cards, and more. The bank has a network of branches across the UK, as well as Halifax-branded ATMs. Halifax also offers online and mobile banking services.
The bank is also one of the UK's leading providers of mortgages and savings accounts. The bank has a strong focus on customer service and offers a range of perks and benefits to its customers, including Halifax Rewards, Halifax Clarity, and Halifax Cashback. Halifax also has a range of products and services for businesses, including business loans, merchant services, and more.
Crypto assets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.