Can I buy Crypto with Santander Bank?
The short answer is no. Santander Bank does not directly offer any products or services that enable its customers to buy Cryptocurrencies like Bitcoin and Ethereum through their online banking platform. That said, Santander does allow users to withdraw fiat from their online banking account into licensed and regulated trading platforms.
So, if you want to use Santander to buy Crypto, you'll first need to create an account with a reputable trading platform like Uphold and deposit funds into the platform to start trading.
How to buy Crypto with Santander
The easiest way to buy Crypto, Bitcoin and Stocks with a Santander account is through the Uphold trading platform. They are a regulated and Financial Conduct Authority (FCA) licensed trading platform in Europe, the USA and UK that offers fast and cheap deposits to trade cryptocurrencies, stocks, ETFs, commodities, bonds and many other asset classes.
You can get started in minutes with our step-by-step guide below.
- Sign up to the Uphold platform and verify your identity (personal or company).
- Connect your Santander Bank account or Credit/Debit Card to Uphold by selecting the 'My Banks' button on your dashboard.
- You can then select the 'Connect Bank' button to link your Santander Bank account to Uphold and deposit USD, EUR, GBP or another fiat currency.
- Find the cryptocurrency you want to buy and execute your trade.
Santander Bank Cryptocurrency Policy
Unfortunately, Santander Bank has not yet released an official policy statement on Cryptocurrencies. This is likely because the bank is still trying to figure out how it wants to approach this new asset class.
That said, Santander does allow its customers to buy and sell cryptocurrencies with regulated crypto brokers around the world. This means customers are safe to deposit fiat from their Santander accounts into licensed platforms to invest in the emerging digital asset ecosystem.
About Santander Bank
Santander Bank is a subsidiary of the Spanish Santander Group. It is one of the largest banks in the world with over 102 million customers. The bank has operations in Europe, North and South America, and Asia. Santander offers a wide range of banking products and services including savings accounts, checking accounts, loans, and credit cards. The bank also offers investment products such as mutual funds and ETFs.
Santander is a member of the FDIC and is headquartered in Boston, Massachusetts. They have a long history dating back to 1857 when it was founded as Banco Santander in Spain. The bank has grown significantly through a series of acquisitions including Abbey National in 2004 and Alliance & Leicester in 2008.