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How to buy Crypto or Bitcoin with Sainsbury's Bank

How to buy Crypto or Bitcoin with Sainsbury's Bank

Adrian Graham
Fact Checked
Dec 15, 2022

Summary: Sainsbury's Bank and Sainsbury's Online Banking do not offer cryptocurrency services that enable their customers to buy or sell Bitcoin, Ethereum, and other assets.

Sainsbury's account holders will need to sign up to a licensed trading platform in the UK and deposit GBP in order to buy or sell crypto. We recommend Uphold because they are the most trusted global cryptocurrency exchange. Uphold is one of the few platforms that provide audited 1:1 proof of reserves, visit their Transparency page to learn more.

Table of Contents

Best Crypto Exchange for Sainsbury's Bank

Platform Highlights

  • Trade over 220 Crypto Assets with fast and cheap Euro (EUR) deposits from Sainsbury's Bank.
  • Regulated and Licensed by the Financial Conduct Authority (FCA), FinCEN and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto, Stocks, Precious Metals, Fiat Currencies and more.
Uphold - Sainsbury's Bank
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Crypto or Bitcoin with Sainsbury's?

The Sainsbury's online banking platform does not support cryptocurrency infrastructure like digital asset wallets or trading platforms. This means that customers will need to deposit GBP into a third-party exchange that is licensed and regulated by the Financial Conduct Authority (FCA).

The best way to buy cryptocurrencies like Bitcoin with Sainsbury's Bank is by going through Uphold. Uphold is a multi-asset investing platform that offers over 210 cryptocurrencies to buy and sell. To learn more about this exchange, visit our detailed Uphold Review.


Buying Crypto with Sainsbury's Online

The easiest way to buy Crypto online with a Sainsbury's account is with Uphold. Their platform is licensed by the FCA and they offer fast and cheap GBP deposits from Sainsbury's Bank. You can trade Crypto, Shares, Commodities, Metals, Fiat Currencies and more on their exchange.

Get started in minutes with this short guide:

  1. Sign Up: Create a free account on Uphold with your email address and complete the verification process.
  2. Connect Account: Connect your Sainsbury's Bank account or card by selecting the fiat currency you want to transfer.
  3. Deposit Funds: You can then select the 'connect bank' button to link your UK Bank account to Uphold.
  4. Buy Cryptocurrency: Select the cryptocurrency you want to buy and execute your trade.
Buying Crypto with Sainsbury's Online.
Buying Crypto with Sainsbury's Online.

Sainsbury's Cryptocurrency Policy

Sainsbury's Bank is a crypto-friendly institution that allows its customers to deposit and withdraw GBP from a licensed digital asset trading platform. Their policies only state that customers may face problems if they are depositing funds into unregulated off-shore platforms like Binance or BitMex.

This is why we recommend that you stick with local trading platforms like Uphold that have good compliance in the UK.

Sainsburys Bank
Sainsbury's Bank: One of the UK's fastest-growing banks.

What is Sainsbury's Bank?

Sainsbury's Bank is a financial institution that offers banking and lending products and services to individuals, businesses, and organisations. The bank has a network of branches across the United Kingdom and also offers online banking services.

The bank offers a range of products including savings accounts, credit cards, personal loans, and mortgages. The bank also offers insurance products such as home, travel, and pet insurance. Sainsbury's Bank is a subsidiary of Sainsbury's, a leading UK supermarket chain.

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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