Customers of TSB Bank who want to buy and sell cryptocurrencies have to use third-party platforms and may need to deposit funds from another bank. This is because TSB Bank does not currently offer any cryptocurrencies on their banking platform.
EN
Summary: At the time of writing, TSB Bank does not sell cryptocurrencies through its banking platform. If you want to buy cryptocurrencies like Bitcoin and Ethereum, you can do a bank deposit through a regulated cryptocurrency exchange like eToro. This exchange is regulated in the UK by the FCA and is safe to use. It's beginner friendly, quick to signup to and you can invest in 1,000s of digital assets including Bitcoin (BTC), Solana (SOL), Cosmos (ATOm), Cardano (ADA) and more!
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
Customers of TSB Bank who want to buy and sell cryptocurrencies have to use third-party platforms and may need to deposit funds from another bank. This is because TSB Bank does not currently offer any cryptocurrencies on their banking platform.
The process is simple, sign up for a cryptocurrency exchange and connect your TSB bank account.
We recommend signing up to safe and FCA-regulated eToro that offers free GBP/USD/EUR bank deposits to TSB Bank customers.
Signing up is free of charge and only takes a few minutes to complete.
This is a safe and secure venue for users that want to invest in cryptocurrencies like Bitcoin (BTC), Ethereum (ETC), Solana (SOL) and many others cryptocurrencies.
1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your TSB account or credit/debit card
3. Start Buying: Once your deposit has arrived in your account
While users can not buy cryptocurrencies like Bitcoin directly through TSB Bank, they can however transfer funds to regulated exchanges.
TSB Bank has previously taken a harsh stance by not allowing their users to deposit funds to exchanges which are not regulated by the FCA in the United Kingdom.
TSB Bank is not crypto friendly. In August last year they announced that they would no longer facilitate transactions to cryptocurrency exchanges. From their website,
From August 2021, we will no longer facilitate transactions to cryptocurrency exchanges. The Financial Conduct Authority (FCA) has warned about the extremely high risk involved in investing in cryptocurrency and we are seeing an increasing level of fraud and financial crime through cryptocurrency merchants. Therefore, we have taken the decision to not support cryptocurrency transactions. We’ll send you a text letting you know your transaction has been declined.
The unofficial policy of most banks is that as long as you use FCA regulated exchanges, they will not interfere with bank or card transfers made by their customers. Here are some crypto friendly banks that we recommend as alternatives to TSB Bank, Metro Bank, Royal Bank of Scotland & Barclays.
TSB Bank was founded in 1810 as Trust Savings Bank and is today headquartered in Edinburgh, Scotland. It is mainly a retail and commercial bank that operates almost 300 branches across England, Scotland and Wales. The bank has over 5 million customers and over $35 billion in loans and customer deposits.
As a retail and commercial bank, TSB offers a wide range of financial products and services which include:
1. Current Accounts: TSB offers a variety of current accounts, or checking accounts, to cater to different customer needs. These include standard current accounts, student accounts, and packaged accounts that come with additional benefits for a monthly fee.
2. Savings Accounts: TSB provides several types of savings accounts, including instant access savings accounts, cash ISAs (Individual Savings Accounts), fixed-rate bonds, and children's savings accounts.
3. Loans: Personal loans and home loans (mortgages) are part of TSB's product offerings.
4. Credit Cards: TSB offers a variety of credit cards, including balance transfer cards, purchase cards, and cards designed to help build credit.
5. Insurance: TSB offers various types of insurance, such as home insurance, car insurance, and travel insurance.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
