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How to Buy Crypto with Atom Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While Atom 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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Atom Bank Homepage

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

There are a large number of cryptocurrency exchanges 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 Atom Bank

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

1. Pick a cryptocurrency 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 Atom Bank.

Buy Crypto With eToro

About Atom Bank

Atom Bank is a retail bank located in the United Kingdom. It’s the first bank designed for smartphones or tablet, and without branches, and it is the first challenger bank that is digital only to receive a full UK regulatory license. The headquarters of the company is within Durham, England.

Atom is authorized to operate by the Prudential Regulation Authority (PRA) and is regulated by Financial Conduct Authority (FCA) and the PRA.

Atom was established on July 13, 2013. It was founded by Anthony Thomson, co-founder of Metro Bank and Mark Mullen who was the former CEO of First Direct.

In June of 2015, Atom was granted a bank licence. Prior to its launch on November 15, 2015 Spanish lender BBVA agreed to purchase a significant share in Atom. The company was officially launched for public launch in April 2016 after the restrictions on its regulatory authorisation were removed, initially for people who had expressed interest earlier and were issued a registration code. It was made available to all in October of 2016 and, as of today, it provides savings and mortgages and secured loans for small companies.

The year 2017 was the one in which Atom was listed by LinkedIn among the the UK’s most promising startups. It was also placed 14th among firms like Deliveroo, Uber and Airbnb in 2019. Atom came in second place on Beauhurst’s business analyst’s list of 50 of the top fintech UK scale-ups and startups. Atom was the only one that was not from London that made it into the top 20 on the list.

Atom offers applications that are available on iOS or Android phones. They offer biometric security with users having the option of signing in using facial ID or voice ID.