How to Buy Crypto With UBS Bank [2024]

Summary: UBS Bank doesn’t provide any services that revolve around buying, selling, or trading cryptocurrencies through their platform. Therefore, if you’re looking to venture into the crypto market, you can use a reputable exchange like eToro to deposit money and purchase Bitcoin (BTC), Ethereum (ETH), or any other cryptocurrency.

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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 UBS Bank?

UBS Bank doesn’t provide its account holders an option to directly participate in crypto trade. To do so, one must connect their account to a renowned third-party exchange platform, such as eToro.

How to buy crypto with UBS Bank?

To start trading in crypto with a UBS Bank account, you’ll need to connect it to an exchange platform. And when it comes to such exchanges, one of the most popular, reliable, and safe third-party apps is eToro.

eToro works with over 60 cryptocurrencies and has millions of users around the world. Furthermore, it offers special features to its users, including Copy Trading—an option to track and mimic the investments of best-performing traders. Other than that, you can also create customized watchlists, use staking services, advanced chart patterns, and even technical analysis tools.

How to buy crypto with UBS Bank: Step-by-Step

Buying crypto with UBS Bank is made simple by eToro. All you have to do is follow four simple steps, and you’ll start trading in no time.

• Step 1: Create an account on eToro and verify it (personal or company);

• Step 2: Add the amount of GBP that you wish to deposit;

• Step 3: Connect your UBS Bank account and deposit the chosen fiat currency;

• Step 4: Choose the cryptocurrency that you wish to buy and finalize the trade.

Disclaimer: Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

About UBS Bank

Headquartered in Zurich, Switzerland, UBS Bank is a global financial institution that offers a comprehensive range of banking services to clients worldwide. With a history dating back to 1862, UBS has grown to become one of the world’s largest and most reputable banks. The bank operates through its two main divisions: UBS Global Wealth Management and UBS Investment Bank.

UBS Bank offers a wide array of services, including:

• Investment advice;
• Portfolio management;
• Estate planning;
• Philanthropic solutions;
• Advisory services for mergers and acquisitions;
• Capital raising;
• Debt and equity underwriting.

UBS Bank’s crypto policy

In essence, UBS Bank doesn’t allow its account holders to venture into crypto trading directly through their e-banking platform. However, it does allow you to transfer your money to a FINMA or ESMA-regulated exchange. This is great as it means that you don’t have to worry about encountering any issues like blocked transfers or account freezes when buying, selling, or trading Bitcoin, Ethereum, or other popular cryptocurrencies.

Buying crypto safely

Investing in cryptocurrencies can be risky due to their novelty, market volatility, and the presence of scammers. Before diving in, follow these tips:

• Educate yourself on blockchain technology and various cryptocurrencies;
• Choose a reputable exchange like eToro with a strong security record;
• Implement two-factor authentication for added account security;
• Use a password manager for secure and complex passwords;
• Select a suitable crypto wallet, with hardware wallets offering higher security;
• Decide on a responsible investment amount, especially if you’re new to crypto;
• After purchase, transfer your cryptocurrency to a personal wallet for added security;
• Stay updated on security measures, regularly patching software, and being cautious of phishing attempts.

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

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