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How to Buy Crypto with Cater Allen Private Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While Cater Allen Private 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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Cater Allen Private Bank Homepage

As mentioned in my quick summary, like most United Kingdom banks, Cater Allen Private 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.

Thankfully there are many cryptocurrency 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 Cater Allen

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 Cater Allen Private Bank.

Buy Crypto With eToro

About Cater Allen Private Bank

With a long history that dates all the way to 1816. Cater Allen Private Bank has a long history in working alongside professional intermediaries as well as their customers. The service they provide is tailored to meet the requirements of both business and personal customers, with accounts for currency, as well as their bank accounts specifically designed for charities, trusts pension administrators personal representatives and executors.

Its history goes back to a bank that was established by a banker in Blackburn in 1816. It was an independent institution for over 180 yearsbefore it was acquired at the end of 1997 Abbey National. Cater Allen Offshore was initially operated as an independent company within Abbey however in 2001 it was joined together with Abbey National Offshore.

Cater Allen was born. Cater Allen name came about very late in the history of the bank following Cater Ryder’s 1981 merger with Allen, Harvey and Ross. Cater Ryder itself had been created 20 years prior to an amalgamation with Cater and Co. (founded in 1908) along with Ryder’s Discount Co.

Cater Allen has significantly expanded two times in the last twenty years. The most recent expansion was the acquisition in 1994 of Tyndall Bank, and the 2001 acquisition of Fleming Premier Banking from JPMorgan Chase.

In the Santander Group they treat you as an individual, providing customers with easy day-to daily banking and savings options as well as an individual Relationship Director who is responsible for their bigger intermediaries. You can choose to work directly with the bank via their new platform for banking or over the telephone, you will receive an individual service that shows their passion for what they offer.