Summary: UBS Bank doesn’t provide any services that revolve around buying, selling, or trading cryptocurrencies through their platform. Therefore, people who are looking to venture into the crypto market must use a Financial Market Supervisory Authority (FINMA) and European Securities and Markets Authority (ESMA) regulated exchanges to deposit their money and purchase Bitcoin (BTC), Ethereum (ETH), or any other cryptocurrency.
When it comes to reliable, safe, and regulated exchanges, one of the most popular platforms is eToro. For instance, eToro offers its users various features and services, including staking services, support for over 60 cryptos, and no transfer limitations.
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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 regulated 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 a FINMA or ESMA-regulated exchange platform. And when it comes to such exchanges, one of the most popular, reliable, and safe third-party apps is eToro.
Besides being licensed, 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.
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Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.
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Regulated by financial authorities including FCA and FINRA.
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 Global Wealth Management provides personalized wealth management services to high-net-worth individuals and families. It offers a wide array of services, including:
- Investment advice;
- Portfolio management;
- Estate planning;
- Philanthropic solutions.
UBS’s focus on client-centricity and its extensive network of financial advisors enable it to deliver tailored solutions to meet the unique needs and objectives of its wealthy clientele.
On the other hand, UBS Investment Bank serves institutional, corporate, and government clients globally. It also offers a range of investment banking services, such as:
- Advisory services for mergers and acquisitions;
- Capital raising;
- Debt and equity underwriting.
What’s more, UBS’s investment banking division also provides comprehensive research and strategic analysis to support its clients’ investment decisions.
Overall, UBS Bank’s strong reputation, global reach, and expertise in wealth management and investment banking make it a prominent player in the global financial industry, serving a diverse client base with comprehensive financial solutions.
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.
Investing in Bitcoin and crypto
The world of investing is full of various risks, and the same goes for trading in cryptocurrencies, yet it also carries a potential for high financial gains. In other words, the profit relies on personal risk tolerance and overall goals. Therefore, if you’re looking to start investing in Bitcoin and crypto in general, you should keep in mind the following:
- Potential high returns: Investing in crypto has shown great potential for high returns in a short period, especially attracting investors during market growth;
- Decentralization and innovation: Built around decentralized blockchain technology, cryptocurrencies are driving innovation in various industries and are supporting their development;
- Accessibility and liquidity: Besides great accessibility and an option to trade 24/7, crypto also offers liquidity for conversion into other assets and currencies;
- Emerging asset class: Crypto is an emerging industry, which allows traders to participate in its evolution and growth.
Having said all this, it’s key to remember that cryptocurrencies are more volatile than stocks, bonds, and other traditional assets. Hence, making informed decisions and trading responsibly is mandatory to control potential risks.
Current Bitcoin price
As of mid-2023, the price of Bitcoin is above 20,000 GBP. Nevertheless, with a volatile surrounding it, BTC is still prone to crashes more than a decade since the mining of the starting block of the chain in early 2009.
Buying crypto safely
Investing in cryptocurrencies is still an unreliable concept for many people. This mainly comes down to the novelty and the mentioned volatile nature of the crypto market. Furthermore, it’s also in the crosshairs of scammers and cybercriminals. Knowing this, it’s recommended to consider the following tips before venturing into investing:
- Inform yourself: First things first—understand the basics of blockchain technology, different types of cryptocurrencies, and their uses;
- Reliable exchange: Look for well-established exchanges with a good track record for security and user reviews, such as eToro;
- Enable two-factor authentication (2FA): Setting up a two-factor authentication for an exchange account adds an extra layer of security by requiring a verification code, usually sent to your mobile device, in addition to your password when logging in;
- Account security: Consider using a password manager to generate and store complex passwords securely;
- Crypto wallet: There are different types of wallets, such as hardware wallets (physical devices) and software wallets (mobile or desktop applications). Hardware wallets generally provide higher security as they store your private keys offline;
- Decide on the amount: Determine how much cryptocurrency you want to buy. Start with a small amount that you can afford to lose, especially if you’re new to the crypto market. Cryptocurrency prices can be volatile, so it’s wise to invest responsibly;
- Transfer to your wallet: After completing the purchase, transfer your cryptocurrency from the exchange to your personal wallet. Follow the instructions provided by your wallet provider to generate a receiving address and initiate the transfer. Make sure to double-check the address to avoid any mistakes;
- Regularly update security measures: Stay vigilant about your account security. Keep your software wallets and devices updated with the latest security patches. Be cautious of phishing attempts, fraudulent websites, and suspicious emails claiming to be from cryptocurrency services.
Note
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 UBS Bank
How to buy crypto with UBS Bank?
Since UBS Bank doesn’t provide its account holders an option to directly invest in cryptocurrencies, you must connect it to a regulated crypto exchange and then start trading.
Can you buy crypto with UBS Bank?
Unfortunately, UBS Bank doesn’t allow crypto trading via their e-banking platform. However, you can do so through a regulated and reliable exchange such as eToro.
What’s UBS Banks’s policy on crypto?
UBS Bank has a negative policy on crypto trading, as it doesn’t allow direct buying, selling, and trading through its services.
What crypto exchanges does UBS Bank allow?
UBS Bank approves of Swiss Financial Market Supervisory Authority (FINMA) and European Securities and Markets Authority (ESMA) regulated exchanges.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10.
-
Copy top-performing traders in real time, automatically.
-
Regulated by financial authorities including FCA and FINRA.
