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How to Buy Crypto with Halifax in United Kingdom

Last updated on January 9, 2024

Quick Summary: While Halifax 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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Halifax Homepage

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

There are a large number of crypto 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 Halifax

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 Halifax.

Buy Crypto With eToro

About Halifax

Halifax (previously named Halifax Building Society or formally called Halifax (previously known as The Halifax) is an British bank that operates as part of the trading division from Bank of Scotland, itself an entirely owned company to Lloyds Banking Group.

Its name comes from it’s town, Halifax, West Yorkshire, which was the place where it was established as an association for building in 1853. In 1913, it had grown into the largest UK building society. It was able to continue to grow and prosper and held this position in its UK until 1997, when it was demutualized in 1997.

The company was established in 1997 and was transformed into Halifax plc, a public limited company, which was part of the FTSE 100 Index. in 2001, Halifax plc merged with The Governor and Company of the Bank of Scotland, forming HBOS.

In 2006 in 2006, the HBOS Group Reorganisation Act 2006 legally transferred the liabilities and assets that comprised Halifax. Halifax chain over to Bank of Scotland which became a standard plc and with Halifax becoming an affiliate that was part of Bank of Scotland. The acquisition from HBOS from Lloyds TSB Lloyds TSB was approved by the Court of Session on 12 January 2009, and later on 19 January 2009 Bank of Scotland, including Halifax was officially incorporated as part of the Lloyds Banking Group.