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How to Buy Crypto with The Co-operative Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While The Co-operative 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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The Co-operative Bank Homepage

As mentioned in my quick summary, like most United Kingdom banks, The Co-operative Bank 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.

There are a large number of crypto 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 Cooperative Bank

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 The Co-operative Bank.

Buy Crypto With eToro

About The Co-operative Bank

The Co-operative Bank plc is a commercial and retail bank within the United Kingdom, with its headquarters located in Balloon Street, Manchester.

The Co-operative Bank is the only UK high-street bank that has an ‘customer-driven’ Ethical Policy which is incorporated into the Bank’s Articles of Association. This Ethical Policy was adopted in 1992 and then incorporated within the constitution of the Bank in the year 2013. It was adopted in 2013. Ethical Policy was updated and was expanded in 2015, in line with more than 320,000 responses from customers to a survey. The most current Values and Ethics report was released in May of 2020.

The Bank is not able to provide bank services to institutions that do not align with customer’s views regarding a broad variety of issues, like such as human rights as well as sustainability as well as international development and animal welfare, or associated with irresponsible gambling, or payday loans as stipulated in its ethical guidelines.

Although it is a cooperative however, the bank has never been a cooperative however, it was held through The Co-operative Group until 2017.

The Bank is now is a plc that has debt-related securities that are listed in the London Stock Exchange. The equity of the Bank is not listed. The sole shareholder of the Bank is Co-operative Bank Finance plc. the sole shareholder of Co-operative Bank Finance plc is the Co-operative Bank Holdings Ltd which is a private limited company governed by the capital of shares. According to the bank’s accounts for 2019 it is owned by hedge funds as well as other asset management firms.