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How to Buy Crypto with Metro Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While Metro 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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Metro Bank Homepage

As mentioned in my quick summary, like most United Kingdom banks, Metro 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 Metro Bank

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 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 Metro Bank.

Buy Crypto With eToro

About Metro Bank

Metro Bank plc is a commercial and retail bank that is based throughout the United Kingdom, founded by Anthony Thomson and Vernon Hill in the year 2010. When it first launched, it was the first high street bank to open across the United Kingdom in over 150 years. They are listed on London Stock Exchange.

Following a period of explosive expansion, Metro Bank hit difficulties in the early part of 2019, when it declared that it was not able to meet the requirements of regulatory authorities, after the discovery of an error in how it categorised its commercial loan to determine capital adequacy. In the end, it was required to raise another PS350m in capital. In the aftermath of the announcement, concerns about the bank’s capacity to raise capital caused the share price of the bank dropping by 75% within less than four months. It also saw large deposits being withdrawn by depositors due to “adverse sentiment”.

Metro Bank provides banking services for business and personal customers. Metro Bank is licensed through the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.