Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

Barclays Bank allows secure payment transfers to approved exchanges, strictly adhering to UK financial regulations. This commitment reflects Barclays' dedication to safeguarding the reliability and ethics of its financial dealings.

For Barclays clients keen on diversifying their portfolio, eToro is the best platform. It provides a regulated framework for engaging in various assets such as cryptocurrencies, stocks, ETFs, and commodities. eToro stands out with its social trading feature, enabling users to emulate the investment strategies of experienced traders.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro United Kingdom
eToro United Kingdom

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.8

Supported Assets

4,500 Cryptocurrencies, Stocks, ETFs and more.

Trading Fees

0% Fees and Variable Spread (1%).

Can I Invest in Crypto with Barclays Bank?

Barclays does not offer direct trading in cryptocurrencies within its banking services. However, the bank’s clients can transfer funds to approved digital asset platforms that comply with the financial regulations in the UK for investment security.

It's crucial for Barclays Bank customers to recognise that the bank's mobile application and online banking portal do not incorporate built-in crypto wallets. For managing investments in digital currencies, clients are advised to use recognised exchanges in the UK, ensuring a regulated trading environment.

How to Buy Crypto with Barclays Bank

Barclays Bank does not directly facilitate the purchase of cryptocurrencies but allows for transferring funds to authorised exchanges. Selecting platforms regulated by authoritative bodies like the Financial Conduct Authority ensures transaction security. In the UK, eToro is recognised for its compliance with the FCA, providing safe options for depositing GBP through bank transfers and debit cards.

  1. To invest in crypto with eToro, start by creating an account, which involves a simple registration process. 
  2. Navigate to 'Deposit Funds,' select your preferred deposit method, and initiate a transfer from Barclays Bank. 
  3. Use the search function to locate the cryptocurrency of your interest and click on 'Trade.' 
  4. Specify the investment amount and finalise your purchase by selecting 'Open Trade.'

Does Barclays Block Crypto Transactions?

Barclays Bank does not inhibit transactions to cryptocurrency platforms, supporting its clients in accessing authorised trading venues. This facilitation underscores Barclays' aim to enrich its financial services for its clients.

Barclays advises its customers to transact only with platforms compliant with the UK's stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) standards, enforced by the Financial Conduct Authority (FCA). This recommendation reflects the bank's commitment to ensuring secure financial interactions in the dynamic domain of digital assets.

Digital Asset Investing Fees

For those invested in digital currency trading, it's important to know the fee structure supporting platforms like eToro. Here’s an outline of eToro’s charges:

  • Account Funding Costs: There may be charges for depositing into your eToro account, although eToro strives to minimise these. Converting other currencies to eToro’s base currency attracts a 1.5% to 3% fee, but USD deposits incur no fees.
  • Withdrawal Charges: eToro implements a $5 fee for fiat withdrawals, aligning with the cost of processing transactions. Crypto withdrawals are subject to fees that vary with network conditions.
  • Trade Fees: eToro assesses a 1% fee on crypto trades and a spread, the discrepancy between buy and sell prices. 

Active traders benefit from eToro’s tiered membership, which can offer fee reductions and a personal account manager.

Closing thoughts

In conclusion, Barclays Bank provides a secure and regulated pathway for clients interested in the dynamic world of cryptocurrencies, ensuring adherence to FCA guidelines for the utmost transaction safety. While direct crypto trading isn't available through Barclays, the bank facilitates seamless fund transfers to reputable platforms like eToro, where clients can explore a variety of digital assets. 

Author

Richard Zhang, the founder of StacksOnChain, comes with a rich history in finance and a background as a High-Frequency Trading engineer and computer science scholar. With over a decade in the industry, he fervently advocates decentralized financial systems, imparting his extensive knowledge to a global readership.

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