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How to Buy Crypto with Halifax Bank

How to Buy Crypto with Halifax Bank

Adrian Graham
Fact Checked
Feb 3, 2023

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.

Our top pick for investors in the UK is Uphold. They are a London-based and FCA-licensed exchange that offers instant GBP deposits from Halifax to trade & stake over 250 cryptocurrencies. Their platform is regulated, secure and trusted by over 10 million users in the country.

Table of Contents

Best Crypto Broker for Halifax Bank

Platform Highlights

  • Trade 250+ Cryptos with instant Great British Pound (GBP) deposits from Halifax Bank.
  • Stake Crypto and earn up to 25% APY on your assets.
  • London-based platform that is licensed by the FCA in the UK.
Uphold - Halifax Bank
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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 Uphold UK. They allow you to deposit GBP or Euros from your Halifax Bank account onto their platform quickly and with zero fees.

To get started, follow this simple guide below:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (GBP + 30 more).
  3. Deposit Funds: Connect your Halifax Bank account to quickly deposit your selected fiat currency.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Buy Crypto Halifax Bank
Deposit GBP with Instant Settlement via Halifax Bank.

Halifax Crypto Fees

Uphold offers free GBP deposits via bank transfer from Halifax Bank accounts. This 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 Bank

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.

Final Thoughts

In conclusion, while Halifax Bank does not directly offer cryptocurrency trading services, it is still possible to buy crypto by connecting your Halifax Bank account to a Financial Conduct Authority (FCA) licensed exchange like Uphold UK. With Uphold, you can deposit GBP from your Halifax Bank account to their platform with instant settlement and zero fees. However, Halifax Intermediaries does not cover crypto assets and the bank does not offer any custodial services for digital assets, so investors must find a different provider if they want Halifax to have custody of their crypto assets.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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