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Summary: If you want to buy Bitcoin and crypto, we recommend using eToro and Uphold as you can’t do it with the Royal Bank of Scotland (RBS). Bank transfers to eToro and Uphold are free of charge with most banks, they provide beginner-friendly websites and offer good customer support. Both exchanges are regulated by FCA in the United Kingdom making them safe to use for new investors.
+80 Cryptos & Copy Trading
Virtual Demo Portfolio
Fast & Cheap Deposits
FinCEN & FINRA Regulated
+250 Cryptos & Staking
Fast & Cheap Deposits
100% Proof Of Reserves
Regulated in the US, EU & UK
The most frequent questions about RBS and crypto tend to be:
We would classify Royal Bank of Scotland as crypto friendly as long as you use FCA-regulated exchanges. Royal Bank of Scotland's cryptocurrency policy can be found on this page. In short, RBS may restrict transfers or purchases in cases where unregulated exchanges are used. That’s why we recommend using FCA-regulated exchanges like Uphold and eToro.
You can buy Bitcoin (BTC), Ethereum (ETH) or other cryptocurrencies via bank or card transfer to a regulated third-party exchange.
While Royal Bank of Scotland doesn’t offer crypto trading on its banking platform, you can easily buy crypto using external cryptocurrency exchanges. There are plenty of exchanges to choose from in the UK, we recommend Uphold and eToro as they are both FCA-regulated and offer a wide variety of cryptocurrencies.
1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your RBS account or credit/debit card
3. Start Buying: Once your deposit has arrived in your account
At the time of writing, there are restrictions placed on Binance due to regulatory uncertainty within the UK. As outlined on RBS website,
We’ve taken steps to restrict payments to Binance until further notice because of an increase in cryptocurrency related scams and regulatory uncertainty around Binance in the UK. We’re also aware that Binance are currently not accepting some payments types. For more information about this please refer to Binance directly.
There is no restrictions to link your RBS account or card to regulated exchanges like eToro, Coinbase and Uphold.
The Royal Bank of Scotland was founded in 1724 and is today one of the biggest retail and commercial banks in Scotland. It is a retail banking subsidiary of NatWest Bank with over 700 branches mainly based in Scotland. RBS has over 70,000 employees and offers financial services such as current accounts, savings, mortgages, credit cards, and investments.
When comparing the quality of services to other UK banks, we see that RBS has their work cut out for them.
+80 Cryptos & Copy Trading
Virtual Demo Portfolio
Fast & Cheap Deposits
FinCEN & FINRA Regulated
+250 Cryptos & Staking
Fast & Cheap Deposits
100% Proof Of Reserves
Regulated in the US, EU & UK
350+ Cryptocurrencies
Low trading fees (0.1%)
Wide Crypto Product Range
125X Derivatives Leverage
+350 Cryptocurrencies
Low Trading Fees (0.8%-0.1%)
Spot, Perps, Margin, Options
125 Maximum Leverage
