As of 2025, customers are permitted to carry out spot trading on popular assets like Bitcoin and Ethereum. The bank employs high security for crypto transactions and has multiple partnerships and licenses that help streamline its services. Although Santander does allow you to interact with some crypto platforms, they have set limits for their customers.
- Crypto-friendly banks must comply with the Financial Services Compensation Scheme (FSCS) and Financial Conduct Authority (FCA).
- This can easily give way to fraud and cases of money laundering, which banks have to deal with.
- However, its transaction fees are high compared with crypto exchanges, with more competitive rates only available to customers on Revolut’s most expensive plans.
- One caveat is that like most banks, it reserves the right to block some transactions to avoid risk.
Although Barclays does not offer direct crypto investment, it does permit users to transfer funds to regulated crypto exchanges. For one, NatWest limits the amount that customers can deposit on crypto exchanges in a single day. This includes major platforms like Binance and Crypto.com, which are well-established and regulated exchanges. Furthermore, the bank stated that it would block any transactions to platforms that it sees as potentially dangerous.
Do these banks support lending and borrowing in crypto?
Digital wallets are another popular service that many customers have turned to for use with crypto platforms. These allow you to easily store your funds list of crypto friendly banks in the uk and make payments online. Most of them have fully embraced crypto payments and allow customers to do as they please with their own funds. While this might seem like an obvious solution, many old-school banking institutions do not allow such freedom to their customers. Customers of Wirex have been able to freely deposit and withdraw funds from crypto exchanges with little to no issues.
Limitations & Challenges
Customers report having their accounts frozen or flagged for trying to purchase cryptocurrencies or withdraw funds from cryptocurrency exchanges. In October 2023, it was confirmed that all bank transfers and card payments to exchanges would be declined by default. For example, Nationwide Bank has imposed a cap of £5,000 a day — and this applies to debit card payments and bank transfers.
Best UK Banks for Crypto Users in 2025
The current restrictions allow Santander customers a transaction limit of £1,000 for individual transactions and a total limit of £3,000 over a 30-day rolling period. We have personally never had a negative experience using Monzo, and when speaking with the crypto community, most crypto investors use Monzo as a means to fund their accounts without any major issues. However, this may depend on which exchange you use, and you may have problems transferring funds from cryptocurrency trading platforms such as Binance.
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The major downside of Standard Chartered Bank is that it does not allow the direct purchase of crypto assets using bank debit or credit cards. You can usually only wire transfer your funds to crypto exchanges and transact there. And if your bank doesn’t allow payments to or from crypto exchanges, they could be blocked in either direction. This is regardless of the method you try to use to make or withdraw payments, whether through a direct transfer (faster payments) or using a credit or debit card. Well, the last thing you want is your day-to-day bank closing or restricting your bank account. You will need your bank for traditional financial banking services such as mortgages, loans, and credit cards, so keep this in mind.
Nevertheless, it’s a good idea to look into the bank’s history with hacking as well as their security protocols, just to double-check that everything is safe and legit. Here’s a quick comparison of the top crypto-friendly banks in the UK for 2025, highlighting their key offerings, fees, and supported features to help you choose the right fit. If you turn a profit from your cryptocurrency trading, you need to file it in your tax return. With Barclays, I’ve been able to use both my debit and credit card on exchanges without much trouble. The fact they’ve invested in companies like Copper reassures me they’re watching the space closely. Crypto-friendly banks bridge the gap between traditional and digital banking.
- Reportedly, the customers are satisfied with the bank’s approach towards cryptos and say that the funds are moved easily through their debit and credit cards.
- HSBC Bank has a lower daily limit for buying cryptocurrencies which is set at £2,500.
- A beginner-friendly exchange must offer simplicity without sacrificing safety.
In 2025, when the Web3 universe is more and more multi-chain, the capability to transfer assets and data between networks determines user experience, protocol development, and liquidity allocation. Be it DeFi, NFTs, or gaming, interoperability is the basis that makes everything work together. As one of the first bridges to be added to Fantom’s Opera chain, which is high-speed, it is a key driver in supporting the chain’s DeFi ecosystem. Portal operates on the notion of a decentralized network of Guardians watching activity on source chains and authenticating messages before sending them to destination chains.
This step adds a layer of protection for both users and the platform. Adding to the FCA regulations, one must still follow their due diligence, and so being aware of the most important security practices is an important thing. It has shown immense relevance in blockchain technology and cryptos. The RBS, however, restricts its customers from using those cryptos as a medium of exchange when there is a possibility of financial detriment. Before start trading cryptocurrency in the UK, it becomes important to be well-versed about all the banks that permit your wishes and let you exploit the cryptos.
I think it’s an excellent option for businesses that need flexibility, offering everything from a crypto debit card to staking and crypto-backed savings, all within one easy-to-use dashboard. Nationwide offers UK businesses a secure, regulated option for occasional crypto-related payments. It’s not ideal for crypto-heavy firms, but for companies that only need light crypto exposure, it’s a safe choice that balances traditional banking with some crypto functionality.
You can stake major Proof-of-Stake coins (like ETH, SOL, NEAR) and earn rewards, with some platforms offering up to 14.8% APY depending on the asset. Most top UK exchanges, including Coinbase, Kraken, Crypto.com, Gemini, and eToro, allow you to deposit, withdraw, and trade directly in GBP. However, some platforms (like Crypto.com) may require you to convert GBP to USD for certain trading pairs, but GBP on-ramps and withdrawals are widely supported. Crypto is becoming more accessible across the UK, but where you choose to trade matters. The best exchanges combine ease of use, strong security, and FCA compliance to give you peace of mind while investing.Security and regulation should always come first. Platforms that follow UK rules help protect users against fraud, while strong security features like 2FA and cold storage reduce the risk of loss.