How to Buy Bitcoin & Crypto with Co-operative Bank

Key Takeaway: Co-operative Bank does not offer direct crypto trading or custody, but customers can easily transfer GBP to FCA-approved exchanges like eToro. 

On eToro, Co-operative Bank users securely trade Bitcoin, Ethereum, Solana and other cryptocurrencies, with transparent fees, simple deposits, and reliable FCA regulation.

Best FCA-Registered Exchange in the UK

UK's Most Trusted Exchange, Used by Over 35 Million Traders Worldwide

Trade 70+ Crypto Assets, 7,000 Stocks, ETFs and More with Industry-Leading Fees

Fast GBP Deposits and Withdrawals with Easy Crypto Purchases Directly from All UK Banks

Sign Up

Don't invest unless you're prepared to lose all the money you invest.

How to Buy Bitcoin with Co-operative Bank

Co-operative Bank customers can safely buy Bitcoin, Ethereum & digital assets by transferring British Pounds (GBP) from their account to an FCA-regulated cryptocurrency exchange.

One of the most trusted FCA-authorised platforms compatible with Co-operative Bank is eToro, offering convenient GBP deposits via Faster Payments, direct bank transfers, and debit cards.

To buy Bitcoin on eToro using Co-operative Bank, follow these clear steps:

1. Sign Up for eToro: Visit eToro's official website, create an account, and verify your identity by completing the standard Know Your Customer (KYC) process.
2. Deposit GBP Funds: Once logged in, click "Deposit Funds," choose the GBP deposit method that suits you (bank transfer or debit card), and send funds from your Co-operative Bank account.
3. Find Bitcoin: Enter "Bitcoin" or "BTC" into the eToro search bar and click "Trade."
4. Execute Your Trade: Enter the GBP amount you'd like to invest, verify all transaction details carefully, and select "Confirm" to complete your Bitcoin purchase.

Co-operative Bank’s Policy on Crypto Transactions

Co-operative Bank does not provide direct crypto trading or custody services. Customers interested in cryptocurrencies can transfer British Pounds (GBP) from their Co-operative Bank accounts to FCA-approved exchanges.

The bank allows GBP deposits to regulated crypto platforms through bank transfers and debit cards. However, it prohibits credit card transactions for crypto purchases to safeguard customers from financial risks.

To maintain security and prevent fraud, Co-operative Bank carefully monitors payments related to cryptocurrency exchanges. Transfers to crypto exchanges not authorised by the Financial Conduct Authority (FCA) may undergo enhanced checks or be declined entirely.

Crypto Trading Fees

Co-operative Bank customers investing in cryptocurrencies through eToro should carefully review the fees detailed below:

• Trading Fees: eToro applies a straightforward fee of 1% to every cryptocurrency transaction (both buying and selling). This fee is automatically included within the quoted transaction price.
• Market Spreads: Although eToro does not charge additional fees for spreads, customers should be mindful of the market spread, which is the difference between the buy and sell prices. Spreads can fluctuate based on market volatility and asset liquidity.
• Withdrawal Fees: Customers with GBP accounts at Co-operative Bank enjoy zero withdrawal fees when transferring funds from eToro back to their bank account.

By clearly understanding these fee structures, Co-operative Bank customers can better manage their crypto investments on eToro, control their costs, and avoid unexpected charges.

Best GBP Deposit Methods for Co-operative Bank

Co-operative Bank customers have several convenient options for depositing British Pounds (GBP) into their eToro crypto accounts. Here’s a clear breakdown specifically crafted for Co-operative Bank users:

Faster Payments (FPS)

Customers can transfer GBP instantly from their Co-operative Bank account directly into eToro using Faster Payments. These deposits are processed immediately, incur no fees, and have no upper limit imposed by eToro.

Debit Card (Visa/MasterCard)

Co-operative Bank debit card holders can instantly fund their eToro accounts, allowing quick reactions to market opportunities. The maximum deposit per transaction via debit card is £30,000.

Additionally, when transferring funds from eToro back into their Co-operative Bank account, customers enjoy fee-free GBP withdrawals via Faster Payments, ensuring quick and convenient access to their funds.

What is Co-operative Bank?

Co-operative Bank is a UK-based retail and commercial bank headquartered in Manchester, with around 2.7 million personal customers and 94,000 SMEs. Established in 1872, the bank stands out for its ethical policies that guide lending and investment decisions. 

Core offerings include current accounts, mortgages, personal loans, savings, credit cards, and business banking services. In early 2025, Co-operative Bank returned to mutual ownership under Coventry Building Society.

Conclusion

Co-operative Bank customers can reliably purchase Bitcoin using FCA-approved platforms like eToro. Deposits are convenient via Faster Payments or debit cards, with clear fees and zero withdrawal charges.

Customers should note the bank's policies, especially its credit card restrictions, to avoid transaction issues. Understanding these guidelines and costs ensures confident, secure crypto investing through Co-operative Bank.