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How to Buy Crypto with Tandem Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While Tandem 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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Tandem Bank Homepage

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

Buy Crypto With eToro

About Tandem Bank

Tandem Bank is a digital bank that has a mobile application with no branches. Its goal is to become the UK’s greener digital bank.

Harrods Bank was acquired by Harrods Bank in 2017, permitted the company to offer services through the bank’s former license. Tandem Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.

Tandem Money is a company that is the owner of Tandem Bank, one of the first challenger banks in the United Kingdom.

Tandem has offices throughout the UK with offices in Blackpool, Cardiff, Durham, London and Manchester, employing over 500 people.

On August 7, 2017 Tandem Money Limited announced a agreement to purchase the entirety of Harrods Bank Limited shares. The deal was concluded successfully on the 11th of January, 2018.

In March of 2018, Tandem agreed to acquire Pariti Technologies Limited, developers of the Pariti money management software.

In August 2020, Tandem bought the green home improvement lending experts Allium Lending Group, supporting its mission to be the first UK green digital bank.

The announcement was made on the 8th of February 2021 that Tandem had signed an agreement to buy the book of mortgages from a private bank Bank and Clients, consisting of 300 B&C customers for an unspecified amount.

In January 2022, Tandem Bank acquired consumer lender Oplo to create a combined company that has PS1.2 billion in assets.

In November 2022, the bank introduced its brand new Tandem Marketplace. It provides details and resources to encourage green living.

Tandem bank offers its customers Savings, Mortgages, Personal and Secured Loans, Green Home Improvement Loans and Motor Finance.