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.
Best Crypto Broker for Halifax Bank
- 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.
Can I Buy Crypto with Halifax?
Indeed, Halifax Bank enables its clients to transfer British Pounds (GBP) and additional currencies from their banking accounts to FCA-approved cryptocurrency trading platforms within the UK. Nevertheless, Halifax Bank does not offer any explicit products or services for directly purchasing or disposing of digital assets via their online banking interface. As a result, investors must employ a regulated external marketplace to engage in digital asset transactions using their Halifax accounts.
How to Buy Bitcoin and Crypto with Halifax
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. 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:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (GBP + 30 more).
- Deposit Funds: Connect your Halifax Bank account to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
What are the Fees?
The expenses related to purchasing crypto with Halifax Bank can vary based on the particular cryptocurrency exchange you opt for. Typical charges may involve deposit fees, trading fees, and withdrawal fees. When moving funds from Halifax Bank to a regulated digital currency exchange such as Uphold EU, you may encounter fees tied to bank transfers, debit cards, or credit cards. Fortunately, Uphold offers free bank transfers and commission-free trading, positioning it as the most cost-efficient platform in Europe.
Is Halifax Crypto-Friendly?
Yes, Halifax Bank is crypto-friendly. They allow customers to transfer funds to cryptocurrency exchanges that are licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. This approach enables Halifax Bank clients to confidently invest in digital assets while ensuring they utilize compliant and secure trading platforms.
About Halifax Bank
Halifax Bank, founded in 1853, is a prominent UK bank headquartered in West Yorkshire. Now a trading division of Lloyds Banking Group, Halifax provides various banking products and services, such as savings and current accounts, mortgages, loans, and credit cards. The bank operates through branches and ATMs across the UK, with online and mobile banking services available.
As a leading provider of mortgages and savings accounts, Halifax emphasizes customer service and offers perks like Halifax Rewards, Clarity, and Cashback. The bank also caters to businesses with services like loans and merchant assistance.
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.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.