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How to Buy Crypto with TSB Bank in United Kingdom

Last updated on December 5, 2023

Quick Summary: While TSB 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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TSB Bank Homepage

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

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 TSB

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 TSB Bank.

Buy Crypto With eToro

About TSB Bank

TSB Bank plc is a commercial and retail bank that is located in United Kingdom and a subsidiary of the Sabadell Group.

TSB Bank operates a network of 220 branches throughout England, Scotland and Wales however it has not been present on the territory of Northern Ireland since 1991. TSB in its current model was officially launched on September 9th, 2013. The headquarters of the bank are in Edinburgh and it serves over 5.0 million customers, with more than PS37 billion of loans and PS36 billion in customer deposits. The bank was incorporated out of the company Lloyds TSB Scotland plc, wherein a variety of Lloyds TSB branches in England and Wales as well as the entire branch network from Cheltenham & Gloucester were transferred and rebranded as TSB Bank plc.

The European Commission ruling that the British government’s purchase in 2009 of 43% of Lloyds Banking Group counted as state aid led to the need that Lloyds Banking Group to sell part of its business. TSB was sold. Following the divestment, TSB offered an initial public offering and became included at the London Stock Exchange in June 2014. In 2015, the company was bought by Spanish Banco Sabadell.