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How to Buy Crypto with Allied Irish Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While Allied Irish 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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Allied Irish Bank Homepage

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

Thankfully there are many crypto trading platforms to pick from that allow you 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 AIB GB

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

1. Pick a crypto trading platform

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 crypto

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 Allied Irish Bank.

Buy Crypto With eToro

About Allied Irish Bank

Allied Irish Bank (GB) is a business bank that specializes in catering to the requirements of large to medium enterprises that aim to provide the highest value to each of their clients. Allied Irish Bank (GB) has been assisting companies in Britain by offering a genuine relationship-based service.

Allied Irish Bank (GB) is a bank within the United Kingdom as a subsidiary of Allied Irish Banks (legally registered in the UK as AIB Group (UK) plc). Its parent firm, Allied Irish Banks, p.l.c. is among the Big Four commercial banks in Ireland. AIB provides a wide array of business, personal and commercial banking products. AIB also provides various general insurance products like automobile, home, and travel. It also provides life assurance along with pension services through its tie agency together with Irish Life Assurance plc.

It is believed that the Allied Irish Bank can trace its roots all the way back to 1825. It was situated in London.

The Allied Irish Bank now operates across Great Britain in 21 various locations. The bank employs approximately 700 employees.

Allied Irish Bank (GB) offers a variety of banking services for businesses available online and at 21 branches throughout Great Britain. The bank is authorized through the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. It is covered under the Financial Services Compensation Scheme.