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How to Buy Crypto with Unity Trust Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While Unity Trust 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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Unity Trust Bank Homepage

As mentioned in my quick summary, like most United Kingdom banks, Unity Trust 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 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 Unity Trust Bank

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 Unity Trust Bank.

Buy Crypto With eToro

About Unity Trust Bank

Unity Trust Bank plc provides special banking services to charities, trade unions and other organizations that are part of the not-for-profit segment within the United Kingdom and, since December 2015, its mandate has expanded to include profit-with purpose companies. Established in 1984, the headquarters are located in Four Brindleyplace, Birmingham.
In the beginning, it was a deposit-taking establishment, Unity Trust Limited acquired full bank status in 1987.

In the past, Unity Trust Bank was majorly owned by trade unions and Federations (73.23 percent) as well The Co-operative Bank owned the remaining (26.7 percent) via its affiliate, Co-operative Commercial Limited. The company was founded in December of 2015. Unity acquired shares back from Co-operative Commercial Limited, which brought the shareholding of The Cooperative Bank to 6.7 percent.

Unity Trust Bank is an award-winning independently-owned commercial bank companies can be proud to have a relationship with. Since more than 38 years, they have helped businesses prosper and contributing to positive social, economic, and environmental transformation. Their goal is to build an improved society.

They offer exceptional banking services to businesses who adhere to their core values of honesty and integrity. They only lend to reputable organizations who share their beliefs and have measurable impact on their communities.

Their loyal, growing client base, which grew by 11 percent in 2021. Their goal is to become the financial institution that is the first choice for socially-conscious organizations across the UK.

Despite the challenges posed by the recession, pandemic, and the historically low interest rate environment, Unity is still financially sound and operationally resilient. the compound annual increase of 25 percent for their loan portfolio was sustained in 2021. The company will seek steady, secure growth into the future.