What is the Best Exchange to Buy Crypto with Nationwide?
When it comes to buying cryptocurrencies with Nationwide in the UK, choosing the right cryptocurrency exchange is crucial. To help you make an informed decision, our team of analysts has evaluated various factors, including transaction fees, deposit methods, available digital assets, regulatory compliance, security, and transparency.
After extensive research, we found that eToro is the best platform for Nationwide users. eToro is an FCA-licensed exchange that provides access to over 70 cryptos and 3000 other assets across six asset classes. One of the standout features of eToro is its industry-leading fee structure. The platform charges no deposit fees or commission fees, and the spread is around 1%.
How to Buy Bitcoin or Crypto with Nationwide
If you're looking to buy cryptocurrencies with your Nationwide account, the best way to do so is through an FCA-licensed broker. By using a licensed broker, you can easily deposit GBP via bank transfer, Faster Payments, Debit Card or Credit Card, and trade a wide variety of crypto assets in a secure and regulated environment.
To get started with buying crypto using our recommended broker, eToro, follow these simple steps:
- Create a free account on eToro and complete the verification requirements.
- Click 'Deposit Funds', select a method, and transfer GBP from Nationwide.
- Go to the search bar, find the Cryptocurrency you want to buy and tap 'Trade'.
- Input the amount you want to invest in the token and tap 'Open Trade'.
What are the Fees?
When buying and selling cryptocurrencies using your Nationwide bank account, fees will vary depending on the deposit method you use. Fasterpayments or bank transfer deposits are typically free and instant on most platforms. Trading fees vary by the exchange but the market average is around 1% per trade when including the trading fee and spread. We recommended eToro over alternatives like Coinbase because they charge a lower fee & tighter spread.
About Nationwide Bank
Nationwide Bank is a British mutual financial institution that provides banking, online banking and financial services to its customers in the United Kingdom. Although Nationwide Bank doesn't offer direct access to cryptocurrency investing through their online banking platform, they are not hostile towards crypto and do allow customers to use their accounts for transactions involving cryptocurrency exchanges.
The Bottom Line
In summary, Nationwide does not offer direct crypto investing through its online banking system, but it is possible to purchase cryptocurrencies using FCA-licensed exchanges such as eToro. eToro is a secure, multi-asset platform with an industry-leading fee structure and free, instant GBP deposits via bank transfer.
To buy cryptocurrencies with Nationwide, simply create an eToro account, deposit funds, and begin trading. By using an FCA-licensed broker like eToro, Nationwide customers can trade a wide variety of crypto assets in a secure, regulated environment with competitive fees.