Summary: Customers of Shawbrook Bank who want to buy cryptocurrencies like Bitcoin have to use regulated third-party exchanges like eToro and Uphold. These exchanges are both FCA-regulated and easy to get started with. Once you have signed up, you will have 100s of cryptocurrencies like Bitcoin and Ethereum to choose from. You can get started right away by signing up (only takes a few minutes) and then making your first deposit either via bank transfer or with your credit/debit card. Investing in crypto just got a whole lot simpler and safer!
+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
As Shawbrook Bank doesn’t offer crypto trading services directly, you can instead buy from a third-party crypto exchange like eToro and Uphold.
The best way is to signup to regulated exchanges like eToro and Uphold. With them you can do fast and in many cases free bank deposits. They offer a good variety of cryptocurrencies and beginner-friendly websites that are easy to use.
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 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 million and offers financial products such as:
+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