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How to Buy Crypto With NatWest [2024]

How to Buy Crypto With NatWest [2024]
Diana Paluteder

Summary: NatWest doesn’t allow customers to buy crypto directly on its platform. However, investors in the UK can use their NatWest bank account to buy digital assets such as Bitcoin (BTC) and Ethereum (ETH) via a regulated third-party broker. As NatWest has restricted transfers to several crypto exchanges, the best option is to use a licensed multi-asset investment platform like eToro.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Can you buy crypto with NatWest? 

You can buy crypto with NatWest, but you need to connect to an FCA-licensed cryptocurrency exchange. As mentioned above, this is because NatWest does not offer cryptocurrency services directly through its online banking platform.

How to buy crypto with NatWest?

The best way to buy Bitcoin or any other cryptocurrency with a NatWest Bank account in the UK is through an FCA-regulated broker like eToro, which is a licensed and widely trusted digital asset platform with over 70 cryptocurrencies and unique features such as “Copy Trading,” which enables users to copy top-performing crypto traders, in addition to a staking service, custom watchlist, as well as advanced charts and technical analysis tools. 

How to buy crypto with NatWest: Step-by-Step

You can get started in minutes with four simple steps:

  • Step 1: Create an account on eToro and complete your verification (personal or company);
  • Step 2: Enter the GBP amount you want to deposit on the eToro platform;
  • Step 3: Connect your NatWest account to deposit your selected fiat currency;
  • Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.
How to Buy Crypto with NatWest: eToro crypto banner.
Crypto on eToro. Source: etoro.com

About NatWest

National Westminster Bank, commonly known as NatWest, is a leading retail and commercial bank based in London, England. It is considered one of the Big Four banks in the UK and boasts an extensive network of over 960 branches, offering a wide range of banking and financial services to both individuals and businesses.

How to Buy Crypto with NatWest: NatWest homepage.
NatWest’s homepage. Source: natwest.com

Services offered by NatWest include: 

  • Personal banking: Checking accounts, savings accounts, credit cards, mortgages, loans, overdrafts, and lines of credit;
  • Business banking: Business checking and savings accounts, business insurance, loans, overdrafts, and lines of credit;
  • Wealth management: Financial planning and investment services, including investment accounts for stocks and shares and personal pension accounts.

NatWest’s crypto policy

NatWest does not currently offer any products or services related to cryptocurrencies, and they do not accept digital currency as payment for goods or services. However, the bank does allow customers to use NatWest online banking accounts or services to buy, sell, and crypto and other digital assets through regulated exchanges.

Should I invest in Bitcoin and crypto?

Unfortunately, there is no simple or conclusive answer to whether you should invest in Bitcoin or buy crypto with NatWest, as it depends entirely on your personal risk tolerance, investment style, and financial goals.

Even though buying in Bitcoin and crypto comes with risks, it also has several benefits, such as:

  1. Growth potential: Bitcoin has demonstrated considerable potential and growth in value since its inception in 2009;
  2. Decentralization: Bitcoin is built on a decentralized blockchain network, which offers more freedom and less dependence on traditional financial systems;
  3. Hedge against inflation: Bitcoin’s limited supply and decentralized nature make it store its value – some investors see it as a hedge against traditional fiat currencies and inflation;
  4. Diversification: Adding Bitcoin to a portfolio may help spread risk as a way of diversification, especially with asset classes like stocks and bonds;
  5. Technological innovation: Digital currencies are built on blockchain, which offers many other potential use cases for various applications besides crypto;
  6. International transfers: Bitcoin and other digital currencies are more accessible and cost-effective for transferring funds internationally, as there are no high fees usually associated with traditional wire transfers;

Remember, the value of Bitcoin or any other cryptocurrencies can be highly volatile; hence, it’s crucial to make informed and well-researched decisions and never invest more than you can afford to lose.

Bitcoin price today

How to buy crypto safely

Crypto is still the new kid in town, unlike other asset classes. Indeed, many people are scared from investing in any digital assets because of the high amount of scams and cybercrime that target inexperienced and seasoned investors alike. 

However, you can take steps to ensure you’re being careful when you buy crypto with NatWest. These include:

  • Research the cryptocurrency you want to buy: Make sure you understand how it works and what the risks are; 
  • Only use a safe device: Avoid public computers and Wi-Fi networks. Always use your personal computer with a VPN, which helps establish a secure connection between you and the web, keeping your sensitive information safe;
  • Choose a reputable exchange: Ensure the exchange has a license from an appropriate regulator in your country and has a solid track record;
  • Secure your account: Use two-factor authentication and a strong password to protect your account;
  • Use a secure wallet: Store your cryptocurrency in a secure wallet to protect it from hackers. You can opt for either a hot (online) or cold (offline) wallet. To choose the right one for you, make sure to check out our in-depth guide on crypto wallets;
  • Don’t invest money you can’t afford to lose: Because the crypto market can be so volatile, you need to be conservative with your investments, particularly when starting out. For more investing tips, take a look at our guide on investing mistakes to avoid;
  • Monitor your investments: Keep an eye on the market and be aware of any changes in the price of the cryptocurrency you’re investing in. 

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about how to buy crypto with NatWest: 

How to buy crypto with NatWest?

You can buy crypto with NatWest by connecting your banking account to a third-party cryptocurrency exchange.

Can you buy crypto with NatWest?

While NatWest doesn’t offer crypto trading directly through its own platform, customers can connect their bank accounts to an FCA-regulated digital asset broker to invest in crypto.

What is NatWest's crypto policy?

NatWest allows customers to use NatWest online banking accounts or services to buy, sell and trade digital assets through regulated exchanges. 

What crypto exchanges does NatWest allow?

Customers can connect their NatWest banking account to an FCA-licensed cryptocurrency broker to buy crypto. 

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