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How to Buy Crypto with Santander UK in United Kingdom

Last updated on January 12, 2024

Quick Summary: While Santander 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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Santander UK Homepage

As mentioned in my quick summary, like most United Kingdom banks, Santander UK 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 cryptocurrency exchanges that you can use 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 Santander

Let’s get started! Just follow our 4 quick steps.

1. Pick a cryptocurrency 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 Santander UK.

Buy Crypto With eToro

About Santander UK

Santander UK plc is a British bank that is owned by the Spanish Santander Group. Santander UK plc manages its operations independently, having its local management team that is and is solely responsible for its performance.

Santander UK is one of the top personal financial service firms across the United Kingdom, and one of the largest suppliers of savings and mortgages across the United Kingdom. The bank employs around 10,000 employees and 14 million customers in active use as well as 64 corporate business centres.

The bank, which has its headquarters at 2 Triton Square, Regent’s Place, London, NW1 3AN, United Kingdom, was created on the 11th January 2010 when Abbey National plc was combined with the savings and the branches that were part of Bradford & Bingley plc, and changed its name to Santander UK plc. Alliance & Leicester plc merged with the newly renamed company in May of 2010.

The bank offers a wide assortment of business, personal and corporate accounts, which include mortgages, current accounts and current accounts as well as credit products, and investments and savings. Santander provides online banking, which includes mobile apps. They also have an online-only bank division that is branded Cahoot. Mortgages are also offered via Santander for Intermediaries, a branch of the bank that is used by brokers. The branches of the bank on both the Isle of Man and Jersey are operated under the name Santander International since 2016.

In a March 2020 moneysavingexpert.com poll, customers satisfaction with the levels of customer service ranked Santander second among major high street banks.