Buy Crypto In Minutes With Royal Bank of Scotland

Mike Harry
Feb 2023
4 min to read
Fact checked

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.

eToro

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eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal.
Uphold

+250 Cryptos & Staking

Fast & Cheap Deposits

100% Proof Of Reserves

Regulated in the US, EU & UK

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Crypto assets are high risk and not regulated.
Capital at risk.

RBS cryptocurrency

The most frequent questions about RBS and crypto tend to be:

  • Does Royal Bank allow cryptocurrency?
  • Does RBS work with Coinbase?
  • Is Royal Bank of Scotland crypto friendly?


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

Can I buy crypto or Bitcoin with RBS? 

You can buy Bitcoin (BTC), Ethereum (ETH) or other cryptocurrencies via bank or card transfer to a regulated third-party exchange. 

How to buy crypto and Bitcoin with RBS?

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. 

 

Signup in two minutes

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

Buy Crypto with RBS Bank and eToro
Buy Crypto with RBS Bank and eToro

RBS Binance

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.

RBS Coinbase

There is no restrictions to link your RBS account or card to regulated exchanges like eToro, Coinbase and Uphold.

About RBS

Royal Bank of Scotland website
Royal Bank of Scotland website

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.

Royal Bank of Scotland service quality
Royal Bank of Scotland service quality
eToro

+80 Cryptos & Copy Trading

Virtual Demo Portfolio

Fast & Cheap Deposits

FinCEN & FINRA Regulated

Visit eToro
eToro USA LLC: Investments are subject to market risk.
Including the possible loss of principal.
Uphold

+250 Cryptos & Staking

Fast & Cheap Deposits

100% Proof Of Reserves

Regulated in the US, EU & UK

Visit Uphold
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

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