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How to Buy Crypto with Aldermore Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While Aldermore Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of United Kingdom cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.


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Aldermore Bank Homepage

As mentioned in my quick summary, like most United Kingdom banks, Aldermore Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto exchange and comes with regulations and extra work for the banks.

There are a large number of crypto trading platforms that you can use to buy Bitcoin and other cryptocurrencies.

Once you’ve signed up to a crypto exchange (in our example I’ll be using eToro as it’s a highly trusted and global exchange), you can easily move money from your bank account to the trading platform., and exchange it for a variety of cryptocurrencies.

How to buy crypto or bitcoin with Aldermore

Let’s get started! Just follow our 4 quick steps.

1. Pick a crypto exchange

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy cryptocurrency

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Aldermore Bank.

Buy Crypto With eToro

About Aldermore Bank

Aldermore Bank is a retail bank that offers financial services to medium and small companies. It was established in 2009 and was listed in the London Stock Exchange in March 2015. It was a part of the FTSE 250 Index until it was purchased in March 2018 by South African banking conglomerate First Rand in March of 2018.
Aldermore offers financial services for small and medium-sized companies. Its offerings include business and retail savings and invoice and asset financing and residential and commercial mortgages.

The bank provides loans in the following categories such as invoice finance, asset finance, commercial mortgages for SME buy-to-let mortgages, and residential mortgages. The bank’s lending activities are largely supported by deposit it gets from its business and private savers.

Aldermore does not have a branch network, but it does serve clients and its intermediary partner on the internet through phone or face-to-face by way of its regional office. Aldermore was also the first bank to provide this service, and it publishes customer feedback without editing through its site.

The board of directors for the company has been led by Pat Butler since January 2018. Non-executive directors include Richard Banks, John Hitchens, Harry Kellan, Alan Pullinger, Cathy Turner, Romy Murray, Nicolina Andall and Ruth Handcock.