Buy Crypto Quickly & Safely With Tesco Bank!

buy crypto tesco bank
Mike Harry
Feb 2024
4 min to read
Fact checked

Summary: While Tesco Bank does not offer any cryptocurrency services, its customers can still purchase cryptocurrencies by depositing funds to a regulated cryptocurrency exchange such as eToro. GBP deposits can be made through bank transfer (free of charge) or card deposits. Once the funds have been deposited, customers can start buying and selling cryptocurrencies such as Bitcoin and Ethereum. Buying cryptocurrencies has never been this safe, quick and easy! 

eToro

+3000 Cryptos, Stocks, ETFs

0% Fees on Stocks & ETFs

30M Users & 140 Countries

Regulated & Safe Platform

Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Can I buy crypto with Tesco Bank?

Tesco bank does not offer any services to buy or sell cryptocurrencies. However, to buy cryptocurrencies like Bitcoin and Ethereum, simply connect your Tesco bank account to a regulated cryptocurrency exchange like eToro.

Buy Bitcoin with Tesco Bank and eToro
Buy Bitcoin with Tesco Bank and eToro

How to buy crypto with Tesco Bank?

After successfully signing up for a cryptocurrency exchange, you will need to fund your account to start trading.

This can be done by depositing funds in either GBP, EUR or USD using either a bank transfer or credit/debit card deposit.

Bank deposits are a popular choice as they are typically free of charge and usually take one business day to process.

Once the funds have been deposited into your account, you can begin trading various cryptocurrencies such as BTC, ETH, SOL, DOT, ADA and many others.

How to signup in minutes

1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your Tesco account or credit/debit card
3. Start Buying:
Once your deposit has arrived in your account
Buy Crypto with Tesco Bank and eToro
Buy Crypto with Tesco Bank and eToro

Does Tesco Bank allow cryptocurrency?

Tesco Bank allows its customers to deposit funds into regulated cryptocurrency exchanges without any restrictions.

This means that you can invest in various digital assets and take advantage of the opportunities presented by the dynamic cryptocurrency market.

Is Tesco Bank crypto friendly?

Tesco Bank is crypto friendly in the sense that it's customers can deposit funds to regulated exchanges for the purpose of investing in cryptocurrencies.

Tesco's cryptocurrency policy is in line with most other regulated banks. As long as you use an FCA regulated exchanges, you won’t have issues depositing and withdrawing funds.

Can I buy crypto with my Tesco credit card?

Tesco card holders can use their credit/debit cards to deposit funds onto regulated exchanges. The cards can also be used to directly purchase cryptocurrencies.

About Tesco Bank

Tesco Bank is a relatively young British retail bank that was founded in 1997. The bank was formed through a 50-50 joint venture between Tesco and The Royal Bank of Scotland. Its headquarters are in Edinburgh, Scotland and they have over 39000 employees.

Tesco Bank Website Interface
Tesco Bank Website

Here are some of the products that Tesco Bank currently provides:

Current accounts: Tesco Bank provides personal accounts with features such as overdrafts, cashback rewards, and contactless payments.
Credit cards: Tesco Bank offers a variety of credit cards, including balance transfer, purchase, and rewards credit cards.
Loans:
Tesco Bank provides personal loans with fixed monthly repayments and competitive interest rates.
Mortgages:
Tesco Bank offers a range of mortgages, including fixed-rate, tracker, and buy-to-let mortgages.
Insurance:
Tesco Bank provides various insurance products, such as car insurance, home insurance, and travel insurance.

eToro

+3000 Cryptos, Stocks, ETFs

0% Fees on Stocks & ETFs

30M Users & 140 Countries

Regulated & Safe Platform

Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

More Relevant Articles

Icon Rounded Closed - BRIX Templates