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Summary: As you can’t buy crypto directly with Ulster Bank, you need to use third-party exchanges like eToro and Uphold. We recommend eToro and Uphold because they are both FCA-regulated and beginner-friendly. These exchanges are regulated in the UK which means that you can buy crypto with peace of mind. They are perfect for beginner to intermediate traders who look for a simple way to buy cryptocurrencies. You can get started right away by signing up (only takes a few minutes) and making your first deposit via bank deposit or with your credit/debit card!
+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
To begin, let's review some prevalent questions regarding Ulster's Bank views on crypto:
Ulster is crypto friendly in the sense that they allow deposit and withdrawal to and from regulated cryptocurrency exchanges. There are however limitations as outlined on their website,
We know that customers investing their money in cryptocurrency has become extremely popular. However, we are also aware of the increasing risks posed by fraudsters exploiting this trend to dupe customers out of millions of pounds per month. As such, we have decided to take proportionate action to keep our customers safe and secure. This doesn't mean that we block cryptocurrency payments altogether but we will restrict payments to cryptocurrency exchanges that present the highest risk of financial harm.
Ulster Bank also provides some useful steps to protect yourself before you invest.
Before you hand over any money ensure the firm you use is on the CBI Register and is allowed to give financial advice and check the CBI's list of unauthorised businesses which is updated regularly.
Yes you can, you can use your Ulster Bank account to deposit funds to regulated cryptocurrency exchanges like eToro and Uphold.
Just signup for a cryptocurrency exchange and connect to your Ulster Bank. Bank transfers are free of charge with most banks and funds normally arrive within one business day. Both Uphold and eToro are easy to get started with plenty of cryptocurrencies to choose from.
1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your Ulster bank account or credit/debit card
3. Start Buying: Once your deposit has arrived in your account
Ulster Bank was founded in 1836 and is today one of the big four Irish clearing banks with its headquarters in Belfast, Northern Ireland. The bank has 3,000 employees, 150 branches, and over 1.9 million clients. In 2021 it was announced that Ulster Bank was to be transferred to the parent National Westminister Bank.
+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
