While Lloyds Bank clients can’t directly buy cryptocurrencies through their online bank account, they can buy crypto by depositing GBP, EUR or USD into a regulated cryptocurrency exchange like Etoro.
EN
Summary: In order to buy cryptocurrencies like Bitcoin (BTC), you have to deposit funds from your Lloyds Bank to a FCA-regulated cryptocurrency exchange like eToro. This platform is regulated by FCA in the United Kingdom which makes it safe to use. It's also beginner friendly, super easy to ues and offers 1,000s of digital assets like BTC, ETH, SOL, ATOM, DOGE and others. The signup process takes two minutes so that you can begin investing in cryptocurrencies today!
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
While Lloyds Bank clients can’t directly buy cryptocurrencies through their online bank account, they can buy crypto by depositing GBP, EUR or USD into a regulated cryptocurrency exchange like Etoro.
The first step towards buying and selling cryptocurrencies is to sign up for a secure and regulated exchange such as eToro.
For users with a Lloyds Bank account, we recommend signing up to eToro due to its beginner-friendly interface and wide range of cryptocurrencies.
Signing up is quick and free of charge. After successfully signing up, Lloyd customers can connect their account to the exchange to safely deposit GBP.
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 investing in cryptocurrencies such as Bitcoin, Ethereum, Solana, Cosmos, Polkadot, Cardano, Dogecoin among others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Lloyds Bank account or credit/debit card.
3. Start Buying: Once your deposit has reached your account.
While Lloyds Bank does not themselves offer any products related to cryptocurrencies, their customers do have the liberty to deposit funds to regulated exchanges that do.
While Lloyds Bank does not have an official cryptocurrency policy, they are crypto friendly. Its clients can deposit and withdraw funds from regulated cryptocurrency exchanges.
This can be done via ACH Transfer or Card Transactions. The one blemish on their record is that they in 2018 temporarily banned cryptocurrency purchases from Lloyd Banks credit cards.
Lloyds Bank is neither crypto friendly nor crypto hostile. Like many large banks, Lloyds have taken a neutral positions while they are further evaluating cryptocurrencies and blockchain technology.
Considering the lack of clarity around Binance's regulatory status in the UK, we recommend using FCA-regulated eToro which is perfect for beginners that want access to 1,000s of digital assets.
Lloyds Bank have created a few cryptocurrency articles covering Bitcoin and a Crypto Wallet. They were also recently hiring for a digital currency manager to explore new digital investment opportunities.
Lloyds Bank was founded in 1765 in Birmingham and has today its headquarters in London. It is the largest retail bank in England and one of the big four clearing banks. They have extensive branches and ATMs across England and Wales and over 30 million customers.
Recognized as Britain's largest retail bank, Lloyds has a comprehensive network of branches and ATMs throughout England and Wales.
Additionally, through partnerships, its customers can access services at Bank of Scotland branches in Scotland and Halifax branches in Northern Ireland.
In terms of services, Lloyds provides a diverse portfolio ranging from personal and online banking, loans, and mortgages to specialized offerings like Ready-Made Investments and the Smart Start account designed for young individuals aged 11-15.
lloyds also offers financial services such as current accounts, credit cards, savings, ISAs, investing, insurance, mortgages and much more.
Lloyds Bank have over 50,000 employees that manage over £800 billion in total assets with revenues of over £9 billion.
The bank operates under the authorization of the Prudential Regulation Authority and is regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
