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

Nationwide supports customers interested in digital assets by enabling secure transactions to cryptocurrency exchanges registered within the UK, illustrating its dedication to providing trustworthy banking solutions to its clients. 

For those seeking to broaden their investment portfolio, eToro emerges as an exceptional platform, featuring a broad selection of over 4,500 digital currencies, shares, ETFs, and commodities. It facilitates quick GBP deposits from Nationwide accounts and debit cards.

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 Nationwide?

Nationwide offers its customers the opportunity to delve into the world of cryptocurrencies by facilitating the transfer of funds to digital currency exchanges registered with the Financial Conduct Authority (FCA), ensuring a secure investment environment. 

It's important for users to note that Nationwide's digital banking services do not include integrated crypto wallets. For the safe acquisition and management of digital assets, it's recommended to use a British crypto trading platform that complies with regulatory standards.

How to Buy Crypto with Nationwide

Nationwide streamlines the process of purchasing cryptocurrencies by allowing fund transfers to exchanges that are registered by the UK's financial authorities, ensuring transaction safety. eToro, known for its compliance with UK regulatory norms, offers a reliable avenue for GBP deposits via bank transfers, the Faster Payments Service, and debit card payments.

  1. To get started, sign up and verify your eToro account using your email.
  2. Choose 'Deposit Funds,' select your preferred payment method, and initiate a transfer from Nationwide.
  3. Use the search feature to locate the cryptocurrency you're interested in and click 'Trade.'
  4. Specify the amount you want to invest and finalise the purchase by clicking 'Open Trade.'

Does Nationwide Block Crypto Transactions?

Nationwide supports the transfer of funds to cryptocurrency investment platforms that are registered with the FCA, showcasing its adaptability to emerging financial technologies.

The institution encourages its customers to interact with platforms that comply with the UK's rigorous KYC and AML standards set by the Financial Conduct Authority (FCA). This reflects Nationwide's commitment to maintaining the security and integrity of financial transactions in the realm of digital currencies.

Digital Asset Investing Fees

Stepping into digital currency trading requires a keen eye on the fees involved, particularly on investment platforms. A thorough grasp of eToro's fee structure is essential for strategic trading. Let's take a close look at eToro’s fee schedule:

  • Funding Charges: When you top up your eToro account, you might face some charges. Depositing GBP, for instance, attracts a fee of 1.5% to 3%, whereas USD deposits are exempt from any fees.
  • Withdrawal Fees: Fiat currency withdrawals from eToro are subject to a $5 fee, aiding in the seamless transfer of funds. The fees for cryptocurrency withdrawals can fluctuate, depending on the current network congestion.
  • Transaction Costs: Every trade on eToro comes with a 1% fee plus a spread, which is the price difference between the buying and selling points of cryptocurrencies, and this spread varies for different cryptocurrencies.

For the more frequent traders or those with hefty investments, eToro's tiered membership system might be appealing, providing perks like fee discounts and personalised account management.

Closing Thoughts

In summary, Nationwide's adherence to UK financial norms and its partnership with platforms like eToro provides a safe gateway for clients interested in exploring cryptocurrencies. While it does not offer direct cryptocurrency trading, Nationwide enables secure transfers to FCA-registered exchanges, permitting investors to engage with digital assets in a regulated setting.

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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