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How to Buy Crypto with OneSavings Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While OneSavings 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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OneSavings Bank Homepage

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

There are a large number of cryptocurrency trading platforms 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 One Savings 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 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 OneSavings Bank.

Buy Crypto With eToro

About OneSavings Bank

OSB Group is a leading mortgage specialist, principally focused on carefully selected segments in the market for mortgages, such as Buy-to-Let, residential (including the Help to Buy as well as shared ownership) commercial and semi-commercial complex development finance, bridging and financial asset.

The lending business of the Group is assisted by retail savings through Kent Reliance and Charter Savings Bank.

OneSavings Bank plc is listed on the London Stock Exchange and is an element of the FTSE 250 Index. It is a retail and specialist lending savings company that is regulated through the Prudential Regulation Authority, part of the Bank of England, and controlled through the Financial Conduct Authority and Prudential Regulation Authority. It is a specialist broker as well as independent financial advisers who operate in different sub-sectors within the lending market.

These sub-sectors comprise residential Mortgages (comprising First Charge, Second Charge, and shared ownership) and Buy to let/SME personal loans. The bank is mostly run by savings at the retail level, originating via Kent Reliance. Kent Reliance franchise.

In July 2010, JC Flowers announced its intention to buy a stake in Kent Reliance, forming OneSavings plc. Its transfer of operations of the society to OneSavings was ratified by the majority of members in November of 2010. Kent Reliance Building Society converted into a provident organization, Kent Reliance Provident Society which holds the 59.9 percent share in OneSavings Bank, with JC Flowers controlling the remaining 40.1 percent. The change took effect 1 February 2011 as well. OneSavings plc was renamed OneSavings Bank plc.

OneSavings Bank was the subject of an initial public offering in May of 2014.

In December of 2015, the company was founded in December 2015 Rochester Mortgages to acquire the mortgage book of the subsidiary to Deutsche Bank.

In March of 2019, it was revealed that the firm was to merge into Charter Court Financial Services. The merger was completed in October of this year.

OneSavings Bank charity partners include Great Ormond Street Hospital, and the KM Charity Team. OneSavings Bank is a sponsor of the Kent County Football Association.