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How to Buy Crypto with Ulster Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While Ulster 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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Ulster Bank Homepage

As mentioned in my quick summary, like most United Kingdom banks, Ulster 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 cryptocurrency exchanges to pick from that allow you 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 Ulster 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 Ulster Bank.

Buy Crypto With eToro

About Ulster Bank

Ulster Bank (Irish: Banc Uladh) is a huge retail bank and one of the classic Big Four Irish clearing banks. Ulster Bank (Irish: Banc Uladh) is a large Ulster Bank Group is subdivided into two legally-constituted entities. National Westminster Bank PLC and trading under the name Ulster Bank (registered in England and Wales and operating in Northern Ireland); and Ulster Bank Ireland DAC (UBIDAC located in Republic of Ireland).

Ulster Bank’s headquarters Ulster Bank in the Republic of Ireland is located in George’s Quay, Dublin, while Ulster Bank Northern Ireland’s headquarters Ulster Bank Northern Ireland are located in Donegall Square East, Belfast and they maintain a significant portion of financial services both in the UK as well as in the Republic of Ireland.

Ulster Bank provide a full array of insurance and banking services for business, personal and commercial clients.

The bank is located in Northern Ireland, as a trading name of National Westminster Bank PLC, the bank is licensed to operate by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. National Westminster Bank PLC is an active participant in the Financial Services Compensation Scheme and UK Finance. Within the Republic of Ireland, the bank is overseen through the Central Bank of Ireland.

The bank offers the Debit Mastercard for customers who have current accounts, as well as various other services for financial customers. It announced 15 new commitments for the retail clients in September of 2010.