Summary: Customers of Shawbrook Bank who want to buy cryptocurrencies like Bitcoin have to use regulated third-party exchanges like eToro. This is a beginner friendly platform that is FCA-regulated and easy to get started with. Once you have signed up, you can invest in 1,000s of digital assets including cryptocurrencies like Bitcoin and Ethereum. Signup in minutes and make your first deposit for free via bank transfer or credit card deposit!
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
FinCEN, FCA, CySec Regulated
Shawbrook Bank does not have the infrastructure to sell cryptocurrencies via it's banking platform to its clients.
Instead, for those that want to invest in cryptocurrencies, they can deposit funds (GBP/EUR/USD etc) from their bank account to a regulated cryptocurrency exchange like eToro.
To buy cryptocurrencies like Bitcoin and Ethereum with Shawbrook, users must first connect their bank account or credit card to a regulated exchange like eToro.
USD, EUR and GBP bank deposits are free of charge and funds usually arrive within one business day.
Deposits can also be made using credit or debit cards which are instant but come with a small deposit fee.
eToro is super easy to user for beginners and offers a wide range of assets, making it easy for Shawbrook Bank customers to invest in the crypto market.
This include cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Cosmos (ATOM) and many others!
1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your Shawbrook account or credit/debit card
3. Start Buying: Once your deposit has arrived in your account
Like most UK banks, Shawbrook does not have an explicit cryptocurrency policy. Instead, they follow legal requirements that are imposed on regulated banks.
Having said that, you can safely deposit and withdraw funds to a regulated cryptocurrency exchange as a Shawbrook Bank account holder. From that point of view, Shawbrook is crypto-friendly.
Shawbrook is like most regulated banks cautious about cryptocurrencies but does allow their customers to deposit funds and invest in them.
We recommend using eToro as they are both regulated in the UK and you can easily do GBP/USD/EUR ACH and credit card transfers.
Shawbrook Bank is a retail and commercial bank founded in 2011 in Brentwood, UK. Shawbrook provides personalized lending and savings products to over 300,000 active customers. Shawbrook Bank had total assets of over £11 billion in 2021 and profits of £150.
Shawbrook Bank caters to both individuals and businesses with an array of financial services.
Shawbrook stands out for its diverse offerings which span from savings accounts, personal loans, residential and commercial mortgages to business finance and savings solutions.
Customers gravitate towards their savings accounts which cater to both individual and business needs, featuring products like easy access accounts, fixed-rate bonds, and ISAs.
One of their distinctive offerings in personal loans is the guarantee of a personalized loan rate, which comes with the assurance of no adverse effect on the customer's credit score.
Moreover, their approach to business finance stands out for its innovative solutions tailored for professional landlords and investors. Shawbrook's commitment to top-notch customer service is evident in their competitive rates and a suite of award-winning products.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
FinCEN, FCA, CySec Regulated
