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How to Buy Crypto with NatWest in United Kingdom

Last updated on December 31, 2023

Quick Summary: While NatWest 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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NatWest Homepage

As mentioned in my quick summary, like most United Kingdom banks, NatWest 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 cryptocurrency trading platforms 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 Natwest

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 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 NatWest.

Buy Crypto With eToro

About NatWest

National Westminster Bank, commonly called NatWest is a significant commercial and retail banking institution located in the United Kingdom based in London, England. It was founded in the year 1968 following an amalgamation of National Provincial Bank and Westminster Bank.

In 2000, the bank became an integral part in the 2000 merger of The Royal Bank of Scotland Group and was renamed NatWest Group in 2020. After ringfencing the company’s primary domestic business it became an official partner that is part of NatWest Holdings; NatWest Markets is the investment banking non-ringfenced division.

The British government is currently holding around 48.1 percent, before that, 54.7 percent from NatWest Group after spending PS45 billion ($61.87 billion) to bail out the lender in 2008. NatWest International is a trading name for RBS International, which also is located outside the Ringfence.

NatWest is regarded as one among the Big Four clearing banks in the UK It has a vast network of more than 960 branches and 3,400 cash machines in Great Britain and offers 24-hour Actionline phone along with online banking.

The company has over 7.5 million personal customers as well as eight million small businesses accounts. It is headquartered in Northern Ireland, it operates under it’s Ulster Bank brand. As of 2017, NatWest won the Best Bank App at the British Bank Awards.