Summary:Â Customers of NatWest Bank who wishes to purchase cryptocurrencies like Bitcoin and Ethereum have to use third-party exchanges. The reason for this is that NatWest Bank does not offer cryptocurrency trading services on its own banking platform. There are many cryptocurrency exchanges to choose from today, we recommend using eToro as it's FCA-regulated, beginner friendly and offers 1,000s of digital assets and cryptocurrencies!
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NatWest does not currently offer any trading services that enable its customers to buy and sell cryptocurrencies like Bitcoin. Instead, customers of NatWest can use a third-party exchange such as eToro to purchase crypto.
This can easily be done by connecting one's NatWest account to eToro and use it purchase Bitcoin, Ethereum, or other popular cryptocurrencies.
The first step towards investing in cryptocurrencies is to sign up for a safe and regulated exchange such as eToro.
For users with a NatWest account, we recommend signing up to eToro due to its user-friendly interface and wide range of available cryptocurrencies.
Signing up is quick and free of charge. After successfully signing up, NatWest customers 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. Â
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.
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1. Create Account: Signup and add your identity verification.‍
2. Deposit Funds: Via your NatWest account or credit/debit card.Â
3. Start Buying: Once your deposit has reached your account.
While NatWest Bank does not have the necessary infrastructure in-house to provide crypto-related services, it does accept cryptocurrency purchases made through external vendors.
NatWest is thus relying on third-party providers to facilitate crypto transactions on behalf of its customers.
NatWest is crypto-friendly, you can safely deposit and withdraw funds to FCA-regulated cryptocurrency exchanges like eToro. Deposit can be done via ACH bank transfer or regular card deposits.
NatWest is supports cryptocurrency by allowing UK customers access to buying digital assets such as Bitcoin and Ethereum from regulated third-party exchanges.
Besides this, NatWest has taken a cautious approach to cryptocurrencies by mainly highlighting the risks associated with cryptocurrencies to its customers.
It is worth highlighting that NatWest in the past has restricted or limited the daily amount that could be transferred to cryptocurrency exchanges. NatWest outlined the reason for this in their FAQ page.
Whilst you can purchase cryptocurrency with merchants using your debit card, we may restrict purchases to certain merchants where we have seen a high volume of scams being reported to us. This may result in your payment being declined.
This is one more reason why it's important to use FCA-regulated exchanges like eToro that comply with all the local rules and regulations.
Yes, customers of NatWest Bank can use their credit or debit cards to deposit funds to FCA-regulated exchanges like eToro.
Earlier this year NatWest announced their blockchain strategy with the launch of a new digital team in its capital market business. NatWest had this to say in their announcement,
“Distributed ledger technology will increase transparency, minimise costs, lead to faster execution and increase capital efficiency for NatWest Markets’ clients”
NatWest Bank (National Westminister Bank) was established in 1968 through the merger of National Provincial Bank and Westminster Bank.
NatWest is one of the largest banks in the United Kingdom, serving over 14 million customers across the country and is considered one of the big four clearing banks.
NatWest offers a wide variety of financial products and services, including current accounts, savings accounts, mortgages, loans, credit cards and insurance.
Its over 7.5 million retail customers have access to over 960 branches, 3,400 ATMs and online banking services.
The bank also provides several business services such as business bank accounts, merchant services, international payments and business loans.
The bank serves over 850,000 business accounts and was ranked 10 in the UKÂ for overall service quality. Â NatWest has over $330 billion in total assets under management and revenues exceeding $3 billion.
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