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How to Buy Crypto with ICICI Bank UK in United Kingdom

Last updated on November 12, 2023

Quick Summary: While ICICI Bank UK 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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ICICI Bank UK Homepage

As mentioned in my quick summary, like most United Kingdom banks, ICICI Bank UK doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a crypto 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 ICICI Bank

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 ICICI Bank UK.

Buy Crypto With eToro

About ICICI Bank UK

ICICI Bank Limited is an Indian Private bank. Its headquarter is in Mumbai. It offers a variety of financial products and banking services to retail and corporate customers, through a variety delivery channels, as well as special affiliates in the fields of life and non-life insurance and venture capital as well as asset management.

The development finance institution boasts 5275 ATMs and branches across India and is present across 17 nations. It operates subsidiaries across both the United Kingdom and Canada; branches in the United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa; as well as representative offices in the United Arab Emirates, Bangladesh, Malaysia and Indonesia. The bank’s UK subsidiary also has branch offices within Belgium as well as Germany.

ICICI Bank offers products and services, including online money transfers and tracking services, savings accounts, current account, deposits for time mortgages, recurring deposits loans, automated lockers debit cards and credit cards digital wallets, and debit cards that are referred to as ICICI pocket.

ICICI bank introduced “ICICIStack” which provides online services like payment options online, digital accounts, auto loans in a flash, insurance investment and loans, among others.