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How to Buy Crypto with Barclays in United Kingdom

Last updated on December 19, 2023

Quick Summary: While Barclays 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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Barclays Homepage

As mentioned in my quick summary, like most United Kingdom banks, Barclays 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.

Thankfully there are many crypto exchanges to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Barclays

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

1. Pick a cryptocurrency 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 Barclays.

Buy Crypto With eToro

About Barclays

Barclays (/’ba:rkliz,”-leIz”)) is one of the British multi-national universal bank with its headquarters within London, England. Barclays operates in two divisions, Barclays UK and Barclays International with an outsourcing company called Barclays Execution Services.

Barclays UK comprises the British retail banking business including Consumer credit card businesses as well as wealth management and corporate banking services for medium, small and large-sized enterprises across the UK. Barclays International consists of Barclays Corporate and Investment Bank (formerly named Barclays Capital) and the Consumer, Cards & Payments business.

The investment banking division offers advice, financing as well as risk-management services to major businesses, institutions as well as government clients. It is the primary dealer of Gilts, U.S. Treasury securities, as well as various European Government bonds.

Barclays shut down 171 branches across its branches in the UK during 2001. with a majority of them located in rural areas: Barclays called itself “The Big Bank” however, this title was quickly relegated to an unpopularity following several embarrassing PR incidents.

Barclays operates two divisions: Barclays UK (BUK) and Barclays International (BI), with a service firm, Barclays Execution Services (BX).

Barclays UK consists of UK Personal Banking, UK Business Banking and Barclaycard Consumer UK businesses, operated by a UK Ring-fenced banks (Barclays UK Bank UK PLC) and other companies that are part of the Group.