As mentioned above, you can’t buy cryptocurrencies directly from First Direct Bank as it does not offer these types of products and services. Instead, you have to use a regulated cryptocurrency exchange like eToro.
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Summary: First Direct Bank does not offer any services for its customers to buy or sell cryptocurrencies. To buy cryptocurrencies like Bitcoin, deposit funds from your First Direct Bank account to a regulated cryptocurrency exchange like eToro. This exchange is beginner-friendly, is regulated in the UK by FCA and offers 1,000s of digital assets like Bitcoin, Ethereum, Solana, Polkadot, Cosmos, Cardano and many others!
+3000 Cryptos, Stocks, ETFs
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As mentioned above, you can’t buy cryptocurrencies directly from First Direct Bank as it does not offer these types of products and services. Instead, you have to use a regulated cryptocurrency exchange like eToro.
The first step towards buying and selling cryptocurrencies is to sign up for a safe and regulated exchange such as eToro.
For users with a First Direct Bank account, we recommend signing up to eToro due to its user-friendly interface and wide range of available cryptocurrencies.
Signing up for these exchanges is quick and free of charge. After successfully signing up, First Direct customer can connect their account to the exchange and initiate their first deposit.
GBP deposits made via bank transfers (ACH) are free of charge, while transfers made via credit/debit cards incur a small fee.
Once the funds have been deposited into the user's account, they can start buying and selling cryptocurrencies such as Bitcoin, Ethereum, and Solana, among others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Deutsche Bank account or credit/debit Card.
3. Start Buying: Once your deposit has reached your account.
First Direct Bank does allow deposits and withdrawals to and from FCA regulated exchanges like eToro.
While First Direct is crypto friendly in this sense, it's best to stick to regulated exchanges to avoid complications when deposit or withdrawing funds.
First Direct bank is a crypto friendly bank as it's customers can safely connect their accounts and deposit funds to regulated exchanges.
First Direct customers are allowed to user their credit and debit cards to safely deposit funds to exchanges that are regulated by the FCA in the UK.
While Binance is not currently regulated and licensed in the UK, companies like Coinbase and eToro are.
As such, we recommend users in the UK to safely signup and use the services offered by these companies.
First Direct Bank is an internet-based retail bank that is part of HSBC, one of the world's leading financial services companies.
First Direct is headquartered in Leeds, England, and has over 1.5 million customers. They offer multiple financial services such as mortgages, loans, cards, savings, investments, and insurance. In 2019 it was recognized as the most trusted financial provider by Moneywise.
Offering an array of financial services, such as current accounts, loans, credit cards, and mortgages, First Direct has consistently emphasized outstanding customer service.
This commitment has led the bank to clinch multiple awards, including the "Most Trusted Financial Provider" accolade from Moneywise in 2019 and topping the Competition and Markets Authority's bi-annual survey for overall service quality in February 2020.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
