Summary: RBS Bank does not directly offer services that allow their customers to buy Bitcoin and cryptocurrencies through their RBS Digital Banking account. Instead, customers will need to find an alternative platform that is licensed by the Financial Conduct Authority to buy Crypto with a GBP deposit.
If you are looking to get started quickly, we recommend the eToro UK platform because they offer fast and cheap transfers from RBS Bank.
- 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
How to buy Crypto with RBS Digital Bank
The easiest way to buy Bitcoin or Crypto with your Royal Bank of Scotland online account is through a licensed brokerage like eToro UK. They offer fast and cheap GBP deposits from RBS Digital Banking customers to buy, sell and trade Cryptos, Stocks, ETFs, Commodities and more.
You can get started with this simple guide:
- Step 1: Sign up to the eToro UK trading platform
- Step 2: Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
- Step 3: Deposit GBP via Bank Transfer and send money from your RBS Digital Banking account.
- Step 4: Find the asset you want to buy on their platform and execute your trade.
Once you complete your Crypto purchase on eToro UK - the tokens will be automatically stored in your eToro Managed Crypto Wallet for secure custody.
Royal Bank of Scotland Crypto Policy
The RBS does not have any banking policies that would prohibit their customers from depositing or withdrawing fiat from a licensed digital asset trading platform. This means you are safe to transfer funds to and from trusted exchanges like eToro without having to worry about the bank freezing your account..
About RBS Bank?
Royal Bank of Scotland Group is a Scottish multinational banking and financial services company headquartered in Edinburgh, Scotland. The Royal Bank of Scotland has around 700 branches, mainly in Scotland though there are branches across the length and breadth of England and Wales.
RBS also has a large number of subsidiaries, such as NatWest, Ulster Bank, and Coutts & Co. Royal Bank of Scotland is one of the oldest banks in the world, having been founded in 1727.
RBS Digital Banking Online is a secure, easy, and convenient way to bank with the Royal Bank of Scotland. RBS customers can use RBS Digital Banking Online to check their account balances, view transactions, transfer money and pay bills. RBS Digital Banking Online is available across the United Kingdom 24/7 and is accessible from any computer or mobile device with an internet connection.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
More from
Crypto Banks
category
