Summary: As you can’t buy crypto directly with Ulster Bank, you need to use third-party exchanges like eToro. We recommend eToro because it's FCA-regulated and beginner-friendly. It's perfect for beginner who want a safe and simple way to invest in 1,000s of digital assets including cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and much more. Signup in two minutes and safely deposit fiat currencies via bank transfer or credit/debit card deposits!
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 Ulster Bank?
Ulster Bank does not have the infrastructure to sell cryptocurrencies via it's banking platform to its customers.
To buy cryptocurrencies, you can deposit fiat currencies like GBP, EUR and USD from your bank account to a regulated cryptocurrency exchange like eToro.
How to buy crypto or Bitcoin with Ulster Bank?
The best way to invest in cryptocurrencies like Bitcoin is to open a free account with a regulated exchange like eToro.
It only takes a few minutes to signup and you can then deposit money either via free bank transfer (ACH) or credit/debit card transfer.
SEPA transfers are free of charge with Ulster Bank and normally arrive within 1 business day. Deposits can also be made with a credit/debit card but that normally comes with a small fee.
Once your deposit has arrived, you can buy cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solona (SOL), Cosmos (ATOM), Dogecoin (DOGE) and many others!
Signup in two minutes
1. Create Account: Signup and add your identity verification 2. Deposit Funds: Via your Ulster bank account or credit/debit card 3. Start Buying: Once your deposit has arrived in your account
Does Ulster Bank allow cryptocurrency?
Ulster is crypto friendly in the sense that they allow deposit and withdrawal to and from regulated cryptocurrency exchanges. There are however limitations as outlined on their website,
We know that customers investing their money in cryptocurrency has become extremely popular. However, we are also aware of the increasing risks posed by fraudsters exploiting this trend to dupe customers out of millions of pounds per month. As such, we have decided to take proportionate action to keep our customers safe and secure. This doesn't mean that we block cryptocurrency payments altogether but we will restrict payments to cryptocurrency exchanges that present the highest risk of financial harm.
What is Ulster Banks crypto policy?
Ulster Bank also provides some useful steps to protect yourself before you invest.
Clients of Ulster Bank are allowed to buy cryptocurrencies with their Credit Cards as long as they deposit funds to FCA-regulated exchanges like eToro.
About Ulster Bank
Ulster Bank was founded in 1836 and is today one of the big four Irish clearing banks with its headquarters in Belfast, Northern Ireland.
With a vast footprint spanning both Northern Ireland and the Republic of Ireland, it operates through 146 branches in the Republic and 90 in Northern Ireland, complemented by over 1,200 non-charging ATMs. The bank has 3,000 employees, 150 branches, and over 1.9 million clients
Initially acquired by the London County and Westminster Bank in 1917, it later became a part of the Royal Bank of Scotland Group in 2000.
As of recent developments, Ulster Bank is a subsidiary of National Westminster Bank (NatWest), which underwent rebranding as the NatWest Group in 2020.
Catering to a wide clientele, Ulster Bank offers an array of personal and business banking solutions encompassing bank accounts, mortgages, credit cards, loans, and savings accounts.
Their mobile banking app further streamlines day-to-day transactions, ensuring a seamless and secure banking experience.
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.